Account Recovery
MARCH 4, 2021
GETTING TO KNOW ANDREW SCHWARTZ OF GORDON & REES You have to love a lawyer who brings his own eggs into work in the morning before defending the industry before a federal judge. Andrew Schwartz may be known for helping overturn the written dispute requirement within the Third Circuit Court of Appeals, but there is … The post Daily Digest – March 4.
Nerd Wallet
MARCH 4, 2021
When the price of oil spiked during the February deep freeze, I started using a gas price app and was amazed to find that the cost of fuel in my area varied by 70 cents a gallon. By purchasing the cheapest gas, I could save $8.40 each fillup and as much as $220 a year. Philip Reed writes for NerdWallet. Email: Preed@nerdwallet.com. The article Put the Cap on Gas Prices: 6 Ways to Save at the Pump originally appeared on NerdWallet.
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Account Recovery
MARCH 4, 2021
The Consumer Financial Protection Bureau yesterday made a pair of announcements — delaying the enactment date of a rule that was set to go into effect July 1 and filing a lawsuit against a payment processor and its former chief executive for aiding clients that were taking advantage of individuals by tricking them into purchasing … The post CFPB Issues NPRM to Delay Compliance With QM Rule; Sues Payment Processor appeared first on AccountsRecovery.net.
Credit Corp
MARCH 4, 2021
Kids are expensive. According to the USDA , raising a child can cost well over $200,000, not including the cost of college. Investing for their future is important, but teaching them smart financial habits , including how to invest for themselves, can give them a head start—and give you some financial breathing room. Credit.com’s Tips for Teaching Kids about Investing.
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.
Account Recovery
MARCH 4, 2021
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 Andrew Schwartz
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MARCH 4, 2021
A District Court judge in Minnesota has granted a motion for partial summary judgment filed by a trio of plaintiffs in related cases and denied the defendants’ motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it allegedly violated civil procedure laws in Minnesota when it filed … The post Defective Summons in Collection Lawsuit Equates to FDCPA Violation, Judge Rules appeared first on AccountsRecovery.net.
Nerd Wallet
MARCH 4, 2021
A credit card’s APR is irrelevant if you don’t carry a balance from month to month because you won’t be charged any interest. But life happens and sometimes it’s necessary to carry debt, which can get expensive. As of November 2020, the average annual percentage rate for cards that accrued interest was 16.28%, according to. Funto Omojola writes for NerdWallet.
Account Recovery
MARCH 4, 2021
It’s the collection industry’s version of the chicken-and-the-egg. A consumer refuses to confirm his or her identity because the collector will not go into detail about a collection call, but the collector can not go into detail until the consumer’s identity is verified. Collectors have to stick to their guns in these cases and a … The post Judge Grants MSJ For Defendant in FDCPA Case About Pre-Confirmation ID appeared first on AccountsRecovery.net.
Nerd Wallet
MARCH 4, 2021
Whether you’re considering buying a new construction home or a fixer-upper, it’s important to find out the condition of the house you want to purchase. This is where a home inspection comes in. Home inspections can save you thousands of dollars in future repair costs and uncover problems that aren’t apparent to an untrained observer. Linda Bell writes for NerdWallet.
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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.
PDC Flow
MARCH 4, 2021
Companies that accept ACH payments online: are you prepared for Nacha’s coming rule changes? Nacha, the governing body in charge of maintaining the safety and security of the ACH payment network, has created new guidelines for accepting WEB debits. What is Changing? The new Nacha guidance, the WEB Debit Account Validation Rule , has specified a need to pre-transaction screenings of consumer debit accounts.
Nerd Wallet
MARCH 4, 2021
Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. The vast majority of Americans won’t ever have or give away enough to owe estate or gift taxes. Far more people could be affected if a tax break that benefits heirs is eliminated. While. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.
CSA
MARCH 4, 2021
Chris Leslie is CEO of Credit Services Association. The amendment from Green Party peer Baroness Bennett proposing to automatically write-down debts sold on the secondary market was (finally) debated in the House of Lords grand committee on 3 March. In a general speech about levels of indebtedness across society in general, Baroness Bennett called for a general write-off of debts and focused on a perceived unfairness in the number of years over which sums owed could be pursued.
Nerd Wallet
MARCH 4, 2021
Staying home for months on end has taken a toll on everyone, but it can also take a toll on your tax return. Here are five unexpected ways the pandemic could affect your taxes — and what tax pros say you can do about it. 1. Home office headaches You may already know that living. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com. The article 5 Sneaky Things COVID-19 Might Do to Your Tax Bill originally appeared on NerdWallet.
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?
Troutman Sanders
MARCH 4, 2021
We have long predicted that just as other states followed California in passing breach notification laws, states would follow in California’s footsteps in regulating information privacy practices with the California Consumer Privacy Act of 2018 (CCPA), which was later amended by the California Privacy Rights Act of 2020 (CPRA). [1] The Virginia state legislature recently became the first state to do so, surprising many with news that it quickly passed and signed into law comprehensive privacy le
Nerd Wallet
MARCH 4, 2021
Travel insurance is a valuable investment that provides peace of mind while traveling. But, you need to know what it does and does not cover so that you won’t be surprised in case of emergency. In this article, we’ll review what travel insurance typically covers — as well as what it doesn’t — plus how. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.
Troutman Sanders
MARCH 4, 2021
Troutman Pepper attorneys’ David Anthony , Ashley Taylor , Alan Wingfield , Dascher Pasco , Leah Tedford , joined by other consumer financial services experts co-authored the American Bar Association Business Law Section book, “ Consumer Finance Law: Understanding Consumer Financial Services Regulations.”. This new book is designed to help lawyers meet the challenges and opportunities resulting from the regulatory environment for business created by a global pandemic, ensuing economic decline, a
Burr Forman
MARCH 4, 2021
The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 cap on the federal deduction for state and local taxes for tax years 2018-2025. While corporations are not subject to the cap, business owners who pay state and local income tax on pass-through income are subject to the cap. On November 9, 2019 the IRS released Notice 2020-75 indicating it would issue regulations to clarify that state and local taxes paid by a partnership or corporation would be deductible by the partnership or S corpor
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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.
Nerd Wallet
MARCH 4, 2021
Your probably know that you can earn hotel points from staying at hotels. But, you might not know that you can also earn points when other travelers stay at hotels. That’s the case, at least, through the Marriott Bonvoy referral program. Marriott Bonvoy members can earn up to 50,000 bonus points each year by referring. JT Genter writes for NerdWallet.
Fico Collections
MARCH 4, 2021
For decades, anti-money laundering (AML) detection software has been rules-based, creating a problematic two-fold legacy: first, much true criminal activity goes undetected because criminals can learn the rules and then evade them. Second, rules-based AML systems create an inordinate amount of false positive alarms, diverting investigative resources from pursuing genuine Suspicious Activity Reports (SARs).
Nerd Wallet
MARCH 4, 2021
If you’re ready to start thinking about travel — or if you just want to boost your Delta SkyMiles account for when the time comes — you might be interested in new welcome offers taking flight on several Delta SkyMiles AmEx cards. Here’s a look at the new offers. » MORE: Which Delta card is. Erin Hurd writes for NerdWallet. Email: ehurd@nerdwallet.com.
CSA
MARCH 4, 2021
Chris Leslie is CEO of Credit Services Association. Given the economic circumstances facing Rishi Sunak before he stood up to deliver Wednesday's Budget (3 March), you could be forgiven for thinking he faced one of the most difficult tasks a Chancellor has had to grapple with for decades. After all, the pandemic has seen the economy shrink by ten percent, business investment collapse by 22% in the early stages of lockdown, and the public purse forced to provide financial support to individuals a
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.
Nerd Wallet
MARCH 4, 2021
Do you have a bunch of Korean Air Skypass miles that you’re ready to put to use? Don’t just book any ol’ award flight. Here’s how to get better value out of your miles than the average traveler, including five award sweet spots for redeeming your miles. Which miles or points can you use? Korean. Michael McHugh writes for NerdWallet. Email: travel@nerdwallet.com.
Burr Forman
MARCH 4, 2021
Hunter Freeman authored a February 24, 2021 article discussing three key provisions from the Trademark Modernization Act (TMA), an act included in the December 2020 Consolidated Appropriations Act. The TMA makes significant changes to the Lanham Act (aka the Trademark Act) that could benefit many trademark holders. Freeman details three key provisions under the TMA that change the Act, including: Formalize a simpler and cheaper procedure for challenging trademark applications; Establish a new pr
Nerd Wallet
MARCH 4, 2021
Itching to escape to a tropical paradise in Mexico or the Caribbean? It’s not as simple as it used to be. As of early 2021, travelers must show proof of a negative COVID-19 test before entering the U.S., even if you’re a citizen returning home. But now, dozens of resorts in sun-drenched hot spots are. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.
Burr Forman
MARCH 4, 2021
For the February/March 2021 issue of Today’s General Counsel , Emily Mack outlined issues employers should consider when establishing policies related to the COVID-19 vaccination. “Generally, employers have the right to establish mandatory vaccination policies so long as they make reasonable accommodations for employees who refuse,” Mack said. If an employee refuses to get vaccinated, and the employer determines that the unvaccinated employee poses a “direct threat,” termination may be appropria
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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.
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