Thu.Oct 07, 2021

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Judge Recommends Lowering Plaintiff’s Fee Award by 63%

Account Recovery

In a case that was defended by Cooper Walker at Malone Frost Martin, a Magistrate Court judge in Texas has recommended reducing a plaintiff’s attorneys fee award by nearly two-thirds after a settlement was reached in a Fair Debt Collection Practices Act case. A copy of the report and recommendation in the case of Peterson … The post Judge Recommends Lowering Plaintiff’s Fee Award by 63% appeared first on AccountsRecovery.net.

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How Gratitude Can Help Your Financial Life

Nerd Wallet

Gratitude makes us more aware of the sources of joy, wonder and hope in our lives. Being grateful also can improve health, strengthen relationships and help us manage our money. Developing gratitude requires us to focus on what we have rather than on what we lack, says Meghaan Lurtz, a senior research associate with financial. Liz Weston writes for NerdWallet.

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Ed. Dept. Overhauls PSLF Program; Up to 550k Borrowers Impacted

Account Recovery

The Department of Education yesterday announced major changes to the Public Service Loan Forgiveness Program that will see 22,000 individuals become immediately eligible for the program and an estimated 550,000 individuals move a lot closer to having their student loans wiped away. Under the PSLF, individuals who spend 10 years working in certain types of … The post Ed.

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Student Loan Forgiveness: What’s Getting Fixed?

Nerd Wallet

A limited waiver announced by the U.S. Department of Education is expected to immediately wipe the slate clean for 22,000 student borrowers seeking Public Service Loan Forgiveness and speed the process for at least 500,000 more. It’s not the broad student loan forgiveness borrowers may be dreaming of. Instead, it’s the latest example of the. Anna Helhoski writes for NerdWallet.

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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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FTC Resurrects Penalty Tool in Crackdown on For-Profit Universities

Account Recovery

The Federal Trade Commission yesterday announced a crackdown on deceptive and unfair practices used by for-profit universities by reviving a long-dormant enforcement tool that could have implications into how the regulator takes action against companies in the accounts receivable management industry. The FTC had been using a provision in the FTC Act — Section 13(b) … The post FTC Resurrects Penalty Tool in Crackdown on For-Profit Universities appeared first on AccountsRecovery.net.

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Daily Digest – October 7. Getting to Know Paul Lengyel; Judge Recommends Lowering Attorney’s Fees by 63%

Account Recovery

GETTING TO KNOW PAUL LENGYEL OF ONLINE INFORMATION SERVICES Ross and Rachel may have been on a break, but there aren’t any breaks for people like Paul Lengyel these days as the industry preps for the enactment of Regulation F. Thankfully, Paul has three decades of experience to rely on, and a track record of … The post Daily Digest – October 7.

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Do Hyatt Points Expire?

Nerd Wallet

If you’ve ever paid for a hotel stay with points, it can feel like finding money in your pocket. It’s a great feeling to be able to “pay” for that stay without dipping into your bank account. On the other hand, if you’ve ever had a big stash of points expire, you know the opposite. Kendra Collins writes for NerdWallet. Email: travel@nerdwallet.com. The article Do Hyatt Points Expire?

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Getting to Know Paul Lengyel of ONLINE Information Services

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 Paul Lengyel of

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I Was in a Coma and Couldn’t Pay My Credit Card Bills

Nerd Wallet

There you are, living your best life, when a sudden sharp abdominal pain hits. It sends you to the emergency room. Before you know it, what should be a routine procedure turns into a medical fluke, and your stay in the hospital is extended from one week to three months. This is what happened. Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com.

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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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CFPB Takes Action Against American Advisors Group for Deceptively Marketing Reverse Mortgages to Consumers

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

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AmEx Platinum Adds Walmart+ and SoulCycle Perks

Nerd Wallet

The Platinum Card® from American Express is adding two new perks to its long list of benefits, in time for the holidays. As of Oct. 7, 2021, cardholders are eligible to receive statement credits when they use the card to purchase a Walmart+ monthly membership and SoulCycle At-Home Bikes through Equinox+. Terms apply. Meet the. Melissa Lambarena writes for NerdWallet.

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10 Things to Do If You Lost Your Job and Need Money Now

Credit Corp

This article originally appeared on Wallet Squirrel and has been republished here with permission. We all have the stress nightmare where your boss comes out of the blue and says “You’re fired.” That’s it, and we spend the rest of the night in a panic. The problem is if it did actually ever happen, most of us don’t have a plan in case we do get fired.

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Smart Money Podcast: Nerdy Deep Dives: Investing, Part 3

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. For the last couple of weeks we’ve been diving deep into investing to talk over what you need to know about getting started, choosing your own investments and building wealth over time. This week’s episode explores different investing strategies, such as day.

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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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First Circuit Affirms Final Approval of FCRA Class Action Settlement

Troutman Sanders

In Robinson v. Nat’l Student Clearinghouse , — F.4th — (1st Cir. 2021), a First Circuit panel unanimously affirmed the district court’s Final Approval Order, approving the class settlement in an action brought under the Fair Credit Reporting Act (FCRA). Plaintiff James Robinson filed the class action lawsuit against National Student Clearinghouse (NSC), alleging NSC violated the FCRA by overcharging for self-verification reports for university degrees and dates of enrollment.

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NerdWallet’s Top 22 Payment Processing Companies

Nerd Wallet

These top payment processing companies were chosen based on a variety of key factors including fair rates, transparency, customer service, useful features, ubiquity and global reach. The best choice for your small business depends on your industry, average sales and transaction sizes, as well as whether you’re prioritizing in-store or online sales. Here are our.

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1099C Language in Collection Letters: Third Circuit District Court Grants Defendants’ Motion for Summary Judgment in FDCPA Case

Troutman Sanders

In Bordeaux v. LTD Fin. Servs., L.P. , a Third Circuit district court granted summary judgment to the defendants in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized Third Circuit precedent that the inclusion of 1099C language in collection letters indicating that reporting to the IRS may be required in the event of settlement on a debt for $600 or more is not false, deceptive, or misleading if there is possibility that the defendants would need to report th

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Clover vs. Square: Which POS System Is Right for Your Business?

Nerd Wallet

Point-of-sale systems from Clover and Square can help you accept credit card and mobile wallet payments at your brick-and-mortar business or online. The biggest difference between Clover and Square is how they collect those payments. Square puts them into a merchant account that it owns and then passes them along to individual business owners. With.

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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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Top 10 Airbnb Alternatives

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. . Traveling and exploring places has been every individual’s desire to express both happiness and sadness. In this modern world, the growth of technology has brought the possibility of getting things done right from where we are. . The modernization has made not just travel but also all the variants related to it very seamless.

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What Is Finance?

Nerd Wallet

Here’s the simple meaning of finance, according to Webster’s New World College Dictionary: As a noun, finances are “the money resources, income, etc. of a nation, organization, or person.” Or finances may refer to “the managing or science of managing money matters, credit, etc.” That’s a broad topic and short definition — let’s unpack it. Finance. Laura McMullen writes for NerdWallet.

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JPML Articulates Limitations for Consolidation in Geico Data Breach Litigation

Troutman Sanders

Despite overlap of alleged putative nationwide class definitions, the Judicial Panel on Multidistrict Litigation (JPML) denied Geico’s attempt to consolidate five class-action lawsuits arising from a data breach notification published in April 2021 (impacting a reported 132,000 individuals). The JPML’s decision might set a precedential limit for transfer and consolidation of smaller data breach class-action lawsuits moving forward.

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‘Buy Now, Pay Later’ Already Comes Standard on Many Credit Cards

Nerd Wallet

Buy now, pay later services — also known as BNPL — allow shoppers to spread their payments out over time instead of paying the full price upfront. If that sounds familiar, it’s because it is: Credit cards have been letting consumers “buy now and pay later” for decades. But the difference is that BNPL services. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.

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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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Construction and Real Estate E-Note October 2021

Burr Forman

Resources. COVID-19 Vaccine Guidance for Federal Contractors. On September 24, 2021, the Safer Federal Workforce Task Force released guidance detailing COVID-19 vaccination and other pandemic-related workplace safety requirements for federal contractors in accordance with the Executive Order issued by President Biden on September 9, 2021. Read the article , written by Mike Rich , Nafela Hojeij Helou , and Amy Jordan Wilkes.

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Passport Book vs. Card: 4 Key Differences

Nerd Wallet

Countries around the world are reopening their borders to qualified international travelers. For example, Canada is now welcoming visitors if they meet the fully-vaccinated traveler exemption. If you qualify for the exemption and are eager to dust off your luggage for a trip to our northern neighbors, you’ll need a valid U.S. travel document. For. Jennifer Calonia writes for NerdWallet.

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Kaiser Permanente Medicare Advantage 2021 Review

Nerd Wallet

Kaiser Permanente is the fifth-largest provider of Medicare Advantage plans [1] , and the insurer scores higher than all other major Medicare Advantage providers in terms of Medicare star ratings and member satisfaction. It’s also the largest not-for-profit health maintenance organization in the U.S. Kaiser uses an integrated care model, which means that members can.

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