Thu.Feb 17, 2022

article thumbnail

CFPB Opens Rulemaking Petition Doors to General Public

Account Recovery

The Consumer Financial Protection Bureau announced yesterday that it wants to make it easier for John Q. Public to get new rules enacted or current rules changed, while requiring lobbyists and others “who are paid to influence the agency’s rulemaking agenda behind the scenes” to have their petitions vetted by the public. The announcement is … The post CFPB Opens Rulemaking Petition Doors to General Public appeared first on AccountsRecovery.net.

246
246
article thumbnail

What Caring for an Aging Parent Could Cost You

Nerd Wallet

Trying to work while caring for an aging loved one can be difficult, stressful and at times overwhelming. Many people feel they must quit, take a leave of absence or at least reduce their hours in order to cope. Sometimes, caregivers have little choice. But often people don’t realize the heavy financial toll they’ll pay. Liz Weston writes for NerdWallet.

117
117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Digest – February 17. Getting to Know Julia Romans of Capital Recovery; Judge Grants MSJ in FDCPA Case for Lack of Standing

Account Recovery

GETTING TO KNOW JULIA ROMANS OF CAPITAL RECOVERY For Julia Romans, all roads eventually led to the accounts receivable management industry. And she wouldn’t have wanted it any other way. Knowing she has found a home in the ARM industry and at Capital Recovery has fueled her passion for her job and for helping her … The post Daily Digest – February 17.

article thumbnail

Smart Money Podcast: Building Your Financial Smarts With Bola Sokunbi

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we usually answer your real-world money questions. This week’s episode is dedicated.

Education 114
article thumbnail

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.

article thumbnail

Judge Grants MSJ in FDCPA Case Lack of Standing

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment, ruling a plaintiff lacked standing to sue, in a Fair Debt Collection Practices Act case, while also calling on the plaintiff’s counsel to show cause why he should not be sanctioned for “egregious” omissions that were made in a brief. A … The post Judge Grants MSJ in FDCPA Case Lack of Standing appeared first on AccountsRecovery.net.

More Trending

article thumbnail

Getting to Know Julia Romans of Capital Recovery

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 Julia Romans of

article thumbnail

Should I Buy a House? How to Tell If You’re Ready

Nerd Wallet

Buying a house is one of the most significant financial decisions you’ll ever make. But beyond altering your financial picture, buying your first home also represents a substantial lifestyle change for most people. In terms of impact on your day-to-day, homeownership is right up there with finishing school or having a child. If you’re wondering. Kate Wood writes for NerdWallet.

98
article thumbnail

Ed. Dept. Cancels More Student Loan Debts, Announces New Regs Coming

Account Recovery

The Department of Education announced yesterday that it is canceling $415 million in student loan debt under the borrower defense to repayment plan, including the debts of 1,800 former students of DeVry University. This marks the first time that the Education Department has canceled the student loans for a for-profit university that was still in … The post Ed.

article thumbnail

How to Travel to Nashville With Points and Miles for a Bachelor/ette Party

Nerd Wallet

Whatever is drawing you to Nashville, Tennessee — country music, copious amounts of hot chicken or Southern hospitality — it’s a great city to gather all your friends and celebrate your last fling before the ring. Even if your pals are scattered all over the United States, all major domestic airlines fly to Nashville and. Anya Kartashova writes for NerdWallet.

80
article thumbnail

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.

article thumbnail

5 Best Car Refinance Companies

Better Credit Blog

Ads by Money. We may be compensated if you click this ad. Ad Best for Lowest Rates Best for Variety of Financing Options Best Overall Best for Comparing Quotes from a Variety of Lenders Best Reputation PenFed RefiJet LightStream RATEGENIUS Bank of America Our Partner Our Partner Our Partner Our Partner View Rates View Rates View Rates View Rates View Rates APR Starts at 1.79% Starts at 2.49% Starts at 2.49% Starts at 2.48% Starts at 3.19% Minimum Credit Score 610 600 660 550 Not disclosed Loan T

Loans 73
article thumbnail

Best Medicare Advantage Dental Plans

Nerd Wallet

The best Medicare dental plans will depend on your needs. Original Medicare doesn’t cover routine dental services, such as cleanings, fillings and extractions. For dental coverage, Medicare-eligible people can buy a separate policy or turn to Medicare Advantage plans, most of which offer some form of cost help for dental care. Medicare Advantage plans are.

77
article thumbnail

TransUnion to Offer Credit Checks for Blockchain Lenders

Troutman Sanders

TransUnion recently announced it will make off-chain credit data available on public blockchain networks through Spring Labs’ ky0x Digital Passport, which enables Web3/Decentralized Finance (DeFi) applications or smart contracts to access off-chain identity, compliance, credit, and other custom data with lines of code. “The move enables better-informed, privacy-preserving DeFi and Web3 applications (internet applications based on public blockchains), unlocking a new world of permissioned and rep

Lender 59
article thumbnail

How to Transfer Chase Ultimate Rewards Points to Travel Partners

Nerd Wallet

With a Chase travel credit card, you can take advantage of the flexibility of the Chase Ultimate Rewards® program, including the ability to transfer your points to many hotel and airline partners. Are you wondering how to transfer Chase points to travel partners? It’s easy to do and can help you maximize the value of. Natasha Gabrielle writes for NerdWallet.

74
article thumbnail

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?

article thumbnail

Number of Small Businesses closing hits new high

UK debt collections

The number of Small Businesses choosing to voluntarily close has reached a new high. The the long-term impact of coronavirus restrictions , rising energy prices and concerns over imminent tax increases is hitting small business owners. A record number of 14,526 businesses in Britain voluntarily appointed liquidators last year, according to data obtained by accountant Price Bailey.

article thumbnail

Hilton Honors vs. Marriott Bonvoy: Which Is Best?

Nerd Wallet

Hilton Honors and Marriott Bonvoy are two very strong and popular programs. They span the globe in their portfolios of hotels with brands that serve various travel needs from family-friendly to high-end business travel. But comparing Hilton Honors versus Marriott Bonvoy is not always apples to apples. Both programs have pros and cons that deserve. Ramsey Qubein writes for NerdWallet.

73
article thumbnail

How to get paid faster

On Guard

According to research, 48% of invoices issued by small businesses in the UK are paid past their due date, being paid on average 14 days late. While most businesses have the best of intentions to pay faster, economically uncertain times can get in the way, and this can have a significant impact on the receiving company’s cash flow, making it more difficult to make much-needed investments.

article thumbnail

Best Citi Balance Transfer Credit Cards

Nerd Wallet

Interest payments can make existing credit card debt or new purchases cost more, but credit cards offering 0% APR promotions can help you save while you pay down a balance over time. Here are some of the other perks you can find in select Citi balance transfer cards: Extra-long APR periods, which give you a. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

article thumbnail

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.

article thumbnail

Virtual Notary for Debt Collection

FFGN COLLECT NY

Testimony in debt collection actions may be made verbally or in writing by way of an affidavit, a sworn statement, or affirmation. In the past, affidavits for debt collection purposes typically required traveling to a notary, however, virtual notary services now remove the need to leave your home. . Remote Notarization in New York began early in the pandemic following an emergency executive order from former Governor Andrew Cuomo.

article thumbnail

695 Credit Score: Is It Good or Bad?

Nerd Wallet

A 695 credit score is at the low end of the “good” band (690-719) on a credit score range of 300 to 850. A misstep could easily send your score into the “fair” range. How does a 695 credit score compare with others? Your 695 credit score is exactly average for the VantageScore 3.0 model as. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

64
article thumbnail

Can a Rule 65 injunction help you collect your debt?

Collections Law

When a company must go after a debtor for payment, each day that they don’t have access to the money they are owed makes a difference. If you are in this situation, it is important that you do everything you can to secure payment of your debt, even before you have your judgment hearing. Massachusetts Rule 65 of Civil Procedure allows those in litigation to bring a motion for an injunction against the other party.

article thumbnail

How to Use Recovery KPIs: Your Keys to Building a World-Class Strategy

True Accord

Measuring the success of a recovery strategy goes beyond just the dollars and cents recovered. Yes, the goal of a recovery operation is to maximize profitability by efficiently recovering money lent to consumers, but other key factors — like consumer experience and retention — are also important in evaluating the success of your business. A recovery team could theoretically chase down every last delinquent dollar, but doing so is often not worth the operational cost of the effort, and the associ

article thumbnail

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.

article thumbnail

No Pain No Gain – Magistrate Judge Recommends Dismissal of Data Breach Suit Where Medical Information Was at Issue

Troutman Sanders

On February 3, a New York magistrate judge recommended dismissing a class action against medical management company, Professional Business System d/b/a Practicefirst Medical Management Solutions in Tassmer v. Professional Business Systems. Judge John L. Sinatra, Jr. recommended dismissal because plaintiffs’ allegations failed to constitute an injury under the Supreme Court’s ruling in TransUnion v.

article thumbnail

Study finds consumer medical data breaches can cause consumers to switch providers and increase gym visits

Public Citizen

Junyuan Ke and Weiguang Wang, both of the University of Rochester - Simon Business School and Natasha Zhang Foutz, Associate Professor of Commerce at the University of Virginia, have written Heterogeneous Consumer Response and Mitigation toward Healthcare Data Breach: Insights from Location Big Data. Here is the abstract: Data breaches pose grave dangers to consumers, brands, and society.

article thumbnail

Financial Stability Board Issues Report Assessing Risks to Financial Stability From Crypto-Assets

Troutman Sanders

On February 16, the Financial Stability Board issued an updated “ Assessment of Risks to Financial Stability from Crypto-assets ,” concluding that crypto-asset markets are fast evolving and could reach a point where they represent a threat to global financial stability due to their scale, structural vulnerabilities, and increasing interconnectedness with the traditional financial system.