Fri.Jul 23, 2021

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Prodigal Raises $12M in Series A Funding

Account Recovery

More proof that there is plenty of interest from investors in the accounts receivable management industry came yesterday, in the form of a $12 million Series A funding announcement from Prodigal, a technology company that provides an automation platform for debt buyers, debt collectors, and creditors rights law firms. The announcement of the investment comes … The post Prodigal Raises $12M in Series A Funding appeared first on AccountsRecovery.net.

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Team USA: Why the United States is the Best Place to Start a Business

Enterprise Recovery

As if we needed another reason to cheer for Team USA, CEOWORLD Magazine's Entrepreneurship Index for 2021 ranks the United States as the world's most entrepreneurial country. With Forbes magazine noting that nearly all the American billionaires are self-made and a 13-year high in the number of Americans starting their own businesses, the pandemic seems to have inspired new entrepreneurs.

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House Passes Bill to Give FTC Back Its Financial Power

Account Recovery

The House of Representatives this week passed a bill that aims to restore the Federal Trade Commission’s ability to seek monetary redress in court, after a Supreme Court ruling determined that Congress did not intend to give the regulator that power. H.R. 2668, the Consumer Protection and Relief Act, was passed in the House by … The post House Passes Bill to Give FTC Back Its Financial Power appeared first on AccountsRecovery.net.

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How to Pay Yourself as an S-Corp

Nerd Wallet

Structuring your small business as an S corporation, or S-corp, can save money in federal taxes, but owners have to tread carefully when deciding how to pay themselves. Taking too low of a salary or skipping one altogether can lead to unpaid taxes and federal fines. An S-corp offers business owners three basic options for paying. Whitney Vandiver 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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I Type, Therefore I Am

Account Recovery

What do people think of engaging with chatbots when visiting a company’s website? For the most part, people do not like to be duped into thinking they are interacting with a real person, but when the chatbot makes a mistake or is unable to resolve a problem, people were actually relieved to find out they … The post I Type, Therefore I Am appeared first on AccountsRecovery.net.

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Daily Digest – July 23. Crypto Firm Hires Kraninger; House Passes Bill to Help FTC Levy Fines

Account Recovery

CRYPTO FIRM HIRES FORMER CFPB DIRECTOR KRANINGER TO BE LOBBYIST Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs. … The post Daily Digest – July 23.

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Best Accounting Software for Macs 2021

Nerd Wallet

In earlier days, a big part of choosing the best accounting software for Macs involved finding out which programs were compatible with which systems. Now, things are much more universal — especially for online, cloud-based accounting software. But some accounting software packages do have features that are a little friendlier for Mac users, such as.

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Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist

Account Recovery

Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs. Solidus Labs provides cryptocurrency trading surveillance and risk management tools. … The post Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist appeared first on AccountsRecovery.net.

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5 Credit Cards with Hotel Elite Status

Nerd Wallet

Elite status in a hotel loyalty program can get you room upgrades, free breakfast, late checkout and other on-property perks. Normally, you earn elite status by racking up lots of stays at participating hotels. But there is an easier way. Certain credit cards come with automatic status in hotel programs. Many travelers sign up for. Ramsey Qubein 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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National Debt Holdings Donates to Support Surfside Fund for Those Impacted by the Surfside, Fla. Tragedy

Account Recovery

National Debt Holdings, a receivables management firm in Fort Lauderdale, FL, extends its heartfelt condolences and sympathies to those impacted by the recent tragedy in Surfside, FL. We would like to offer our support and have recently contributed to SupportSurfside.org to provide aid to those impacted. We invite our industry peers and colleagues to consider … The post National Debt Holdings Donates to Support Surfside Fund for Those Impacted by the Surfside, Fla.

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How to Go Back to School With Defaulted Student Loans

Nerd Wallet

If you need solutions for your student debt: Find help: Options for legit student loan help resources and organizations to contact. Pause payments: Find out the differences between student loan forbearance and deferment. Get out of default: Learn the consequences of and remedies for defaulting on your student debt. Declare bankruptcy: Explore how to discharge student debt.

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7 Money-Saving Tips for Your Honeymoon

Credit Corp

This article originally appeared on The Budget Savvy Bride and has been republished here with permission. If saving money on your honeymoon is a priority for you, you’re in luck. There are many ways to save money on your honeymoon so that you can have a great time without breaking the bank. Going into debt for your honeymoon is never a great idea. These seven money-saving tips can help you cut back on honeymoon spending – making it more affordable but still enjoyable for the both of you. 7 Money

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How to Cancel a Southwest Airlines Flight

Nerd Wallet

Can you cancel a Southwest flight? Yes. Southwest Airlines has one of the best cancellation policies among major airlines. Historically, Southwest stood alone among airlines with its customer-friendly change and cancellation policies, but because of the pandemic, other airlines have improved their flexibility toward flight changes. Still, the Southwest flight cancellation policy stands out as.

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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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Avila Safe Harbor Language: New York District Court Grants Motion for Judgment on the Pleadings for Defendant in FDCPA Case

Troutman Sanders

In Klein v. Forster & Garbus LLP , a New York district court granted the defendant debt collector’s motion for judgment on the pleadings and denied the plaintiff’s request to amend his complaint in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized that, pursuant to the holding in Avila v. Riexinger & Association LLC , so long as a debt collector utilizes safe harbor language that “either accurately informs the consumer that the amount of the debt sta

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How to Get Business Insurance: The Ultimate 4-Step Guide

Nerd Wallet

Whether you’re the owner of a brick-and-mortar shop or an online-based contractor, finding and buying the right small business insurance is essential to protecting your operations from the unexpected. However, with all of the different types of insurance out there, as well as providers to choose from, you might be wondering exactly how to get. Randa Kriss writes for NerdWallet.

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S.D. Cal. Court Dismisses Claims, Finding Text Messages at Issue Were Not “Telephone Solicitations”

TCPA

The Southern District of California recently granted (in part) a motion to dismiss in Gross v. GG Homes, Inc., 2021 WL 2863623 (S.D. Cal.

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Can You Buy Travel Insurance at the Airport?

Nerd Wallet

Having travel insurance is a useful way to protect yourself against a potential unexpected situation. Even if you plan your trip well, you never know when something may go wrong. With travel insurance coverage, you can get financial reimbursement if your plans don’t work out as you expect. You may be wondering if you’re able to. Natasha Gabrielle 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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FTC actions this week

Public Citizen

FTC to Ramp Up Law Enforcement Against Illegal Repair Restrictions ( July 21, 2021). FTC Rescinds 1995 Policy Statement that Limited the Agency’s Ability to Deter Problematic Mergers (July 21, 2021).

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Sixth Circuit says that the Center for Disease Control's eviction moratorium is unlawful

Public Citizen

The Sixth Circuit just ruled that the Center for Disease Control's eviction moratorium is unlawful because it lacks any basis in the statute that the government says authorizes it. Read the decision here.

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US PIRG report on CFPB's first 10 years

Public Citizen

As the Consumer Financial Protection Bureau turns 10 years old, a new report from the U.S. PIRG Education Fund recaps how the agency has helped consumers over the past decade and the steps under way to refocus the CFPB on its mission after three years of retrograde decisions under the Trump Administration. The report also provides recommendations for CFPB action moving forward, especially on credit reporting.