Thu.Aug 12, 2021

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Online Lender to Pay $1.6M Fine In Settlement With Mass. AG Over Alleged Collection Abuses

Account Recovery

A company that services online loans made to consumers has agreed to pay $1.6 million in a settlement with the Attorney General of Massachusetts after it was accused of using abusive debt collections that violated state regulations. The company, Avant, was accused of making excessive telephone calls to individuals with unpaid debts and of failing … The post Online Lender to Pay $1.6M Fine In Settlement With Mass.

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Should You Grow Your Business? 6 Questions to Help You Decide

Nerd Wallet

Growth is a naturally occurring component of life, and the same is true for the life of your small business. As rabbi and psychiatrist Abraham Twerski explains in his viral YouTube video, “The stimulus for the lobster to be able to grow is that it feels uncomfortable.” His words are a reminder that stress doesn’t. Hillary Crawford writes for NerdWallet.

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Judge Denies Credit Repair Org’s MTD in Suit Filed by CFPB

Account Recovery

A District Court judge in Massachusetts has denied a credit repair organization’s motion to dismiss after it was sued by the Consumer Financial Protection Bureau and the state of Massachusetts for allegedly collecting upfront fees and misrepresenting its effectiveness at improving the credit scores for individuals who signed up for its services, ruling that the … The post Judge Denies Credit Repair Org’s MTD in Suit Filed by CFPB appeared first on AccountsRecovery.net.

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What Does Florida’s New Summary Judgment Standard Mean For Lenders in Borrower Default Cases?

Jimerson Firm

Lenders who move for summary judgment under Florida’s new summary judgment standard will likely enjoy more favorable outcomes. The court’s more rigorous review of attempts to withstand summary judgment will change expected litigation outcomes, impact litigation strategy, and largely benefits lenders. How Does Florida’s New Summary Judgment Standard Differ From Its Old Summary Judgment Standard?

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Daily Digest – August 12. Getting to Know Chad Echols; Judge Grants MTD Over Credit Reporting Statement

Account Recovery

GETTING TO KNOW CHAD ECHOLS OF THE ECHOLS LAW FIRM Reading his answers, it is easy to see how Chad Echols has become one of the most respected defense attorneys in the accounts receivable management industry. Measured, honest, and introspective, Chad’s personality in a way mirrors the types of cases he likes best. Read on … The post Daily Digest – August 12.

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Getting to Know Chad Echols of The Echols Firm

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Chad Echols of T

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Squarespace Review for 2021

Nerd Wallet

Whether or not Squarespace is right for your business has a lot to do with what you’re looking for in an e-commerce website. If appearance is your focus, Squarespace offers some of the most visually appealing page designs and templates available for e-commerce businesses. Keep in mind though, that Squarespace is known for being a. Nina Godlewski writes for NerdWallet.

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Mich. Judge Grants MTD in FDCPA Case Over Credit Reporting Statement in Letter

Account Recovery

A District Court judge in Michigan has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that informing the recipient of a collection letter that the unpaid debt may be reported to a credit reporting agency which would negatively impact the recipient’s credit score … The post Mich.

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7 Tips for Booking Big Hotel Rooms for a Family Trip

Nerd Wallet

Planning a trip with the family? You’ll need accommodations where kids and adults all have enough space to rest, relax and move around — ideally without disturbing everyone else’s sleep and serenity. Luckily, lots of hotel brands offer rooms and suites with multiple bedrooms that are perfect for families. Some even have full kitchens where you. Dan Miller writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Estate Planning 101: Why You Should Start Now

Credit Corp

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Estate planning is commonly viewed as a dry subject that most people lack interest in or postpone tackling until much later in life. It makes sense; there are a lot of factors in life that an individual must prioritize when in the midst of adulthood.

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5 Sweet Spots for Emirates Miles

Nerd Wallet

Travelers can find great redemption values for Emirates Skywards Miles if they know where to look. And due to the airline’s extensive network, award flights can be booked with Emirates miles all around the world on many airlines. You can use Skywards Miles to book travel on either Emirates’ own flights or with one of. Bethany Walsh writes for NerdWallet.

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If a Judgment Debtor Is a Beneficiary of an Estate, You Can Have the Distribution Sent to You Instead

FFGN COLLECT NY

If you have a judgment against a person who owes you a sizable debt and had little success enforcing the judgment through traditional means, alternative options might afford better results. When the usual steps, such as levying the debtor’s bank account and garnishing the debtor’s wages, result in little success recovering monies owed, the judgment may seem uncollectible.

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The Best Homeowners Insurance in North Carolina for 2021

Nerd Wallet

North Carolina sees more hurricane landfalls than most U.S. states, which means the state’s homeowners — especially along the coast and Outer Banks — tend to pay more for insurance. A NerdWallet analysis of 12 insurance companies in the state found homeowners in North Carolina pay an average of $1,812 per year for home insurance; Doug Sibor writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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When Potentially Violating “Gatekeeping” Orders, Asking for Permission May Be Easier (And Cheaper!) Than Begging for Forgiveness

PBWT

Judge Stacey Jernigan did not mince words in a recent opinion sanctioning the former CEO of Highland Capital Management, LP. Entities related to the former CEO brought suit against Highland (the debtor in a Chapter 11 bankruptcy proceeding), and sought leave from the district court to add Highland’s replacement CEO as a defendant. In Judge Jernigan’s view, such conduct violated her “gatekeeping” orders that required the bankruptcy court ’s approval before “pur

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A beginner’s guide to the NerdWallet app

Nerd Wallet

The topics we’ll cover: Create and connect your account Monitor your free credit report Track your spending Optimize your credit card usage Track your progress over time Grow your money It can feel overwhelming to decide what money move to make next. The NerdWallet app simplifies money management by bringing all your accounts, cards, and. NerdWallet writes for NerdWallet.

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California District Court Holds Section 230 Immunity Bars Claims Against Ancestry.com for Compiling and Republishing Yearbook Photos

Troutman Sanders

Section 230 of the Communications Decency Act (CDA) provides federal immunity to website platforms from claims based on third-party content hosted on the website. 47 U.S.C. § 230(c)(1). Specifically, the statute provides that the provider of an “interactive computer service” cannot be treated as the publisher or speaker of information provided by “another information content provider.

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How to Get Business Insurance for Restaurants and Food Companies

Nerd Wallet

To protect your restaurant or food business from lawsuits and other losses, you’ll likely need multiple types of business insurance. You can get restaurant or food business insurance online or over the phone, directly from an insurer or via a third party like a broker or marketplace. Here are the kinds of small-business insurance that. Randa Kriss writes for NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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8 Risks Open Banking Poses to Financial Crime Compliance

Fico Collections

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. Open banking is evolving around an ecosystem of third-party providers (TPPs). These companies interface with FIs’ systems – via any method from regulated Open Banking APIs to unmonitored screen scraping – in order to access data or transactional functions.

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How Venture Capital Works

Nerd Wallet

America is known for its entrepreneurial spirit and leadership in innovation, but transforming a fresh new business concept into a viable business isn’t easy. Many startups rely on venture capital to help provide both funding and expertise, with the hope of generating handsome financial returns if and when the business takes off. Let’s dive into. Tiffany Lam-Balfour writes for NerdWallet.

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Pay Off Small Business Debt Quickly

JMA

Debt can pile up quickly. Even small debts can pile up quicker than you realise, and this can quickly increase until your debt reaches an amount that may seem impossible to pay off. This is a common problem for small business owners but thankfully there are tried-and-tested strategies you can use to help you get. Read more » The post Pay Off Small Business Debt Quickly appeared first on JMA Credit Control.

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Weebly vs. WordPress: The Ultimate Guide for Small Business

Nerd Wallet

Weebly and WordPress are both top-rated e-commerce platforms. They differ greatly, however, in terms of ease-of-use, flexibility and cost. Your best choice really depends on whether you’re looking to build your website quickly and easily, or if only a powerhouse, no-holds-barred website will do. This comprehensive guide compares Weebly and WordPress in detail, to help you.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Collections body considers impact of decriminalising TV licensing on future BBC revenues

CSA

Policy makers need to think carefully before decriminalising TV Licensing, and consider the fundamental impact it may have on future fee collections. Incidences of late payment will almost certainly increase, revenues will fall, and the cost of collections is likely to rise. By making the non-payment of a TV Licence a civil matter, and not a criminal one, the enforcement process will be different, and the cost to the BBC may increase.

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Restaurant365 Review 2021: Features, Pricing, Alternatives

Nerd Wallet

Restaurant365 is an all-in-one, cloud-based restaurant management platform that features accounting, inventory management and scheduling software. For both new and well-established small restaurants, the package is a top-shelf choice. It’s especially valuable for restaurant owners with experience in the industry who can take full advantage of its cost management features.

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Data Breach Insurance: What It Is, Which Businesses Need It

Nerd Wallet

Data breach insurance protects a business financially if someone accesses or steals confidential information. And being a small business doesn’t mean you are immune to the vulnerabilities of storing customer data. If anything, it might put you more at risk. According to The Manifest 2020 Small Business Survey, 15% of small businesses surveyed in 2019.

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The Best Homeowners Insurance in Michigan for 2021

Nerd Wallet

If you’re a homeowner in Michigan, you’ll typically pay less than the national average for your home insurance. At an average of $1,315 per year, home insurance in Michigan costs $270 less than the national average of $1,585. NerdWallet analyzed rates from 15 insurers available in the state to determine the best homeowners insurance in. Doug Sibor writes for NerdWallet.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.