Mon.Dec 20, 2021

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Compliance Digest – December 20

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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CFPB Shutters Lending by VC-Backed Fintech for Violating Agency Order

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) announced that LendUp Loans has agreed to halt making any new loans and collecting on certain outstanding loans, as well as to pay a penalty, to resolve a September 2021 lawsuit alleging that it continued to engage in illegal and deceptive marketing in violation of a 2016 CFPB order. The lawsuit also accuses LendUp of violating fair lending regulations.

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Daily Digest – December 20. Deal Proposed in CFPB Structured Settlement Action; Report Highlights Student Loan Repayment Issues

Account Recovery

DEAL PROPOSED IN CFPB STRUCTURED SETTLEMENT ACTION The Consumer Financial Protection Bureau and defendants it sued over allegedly unfair, abusive, and deceptive practices related to the transfer of consumers’ future structured settlement payments have reached a proposed settlement that will see the defendants pay $50,000 in fines and penalties and be permanently banned from making … The post Daily Digest – December 20.

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My Employee Stole My Trade Secrets! What Can I Do?

Jimerson Firm

If an employee resigns and starts working for a competing company, the former employer’s trade secrets may be at risk of being disclosed. Whether the former employee kept those trade secrets in their mind, e-mailed them to a personal email, or physically walked out of the office with them in hand, the former employer needs to act fast to prevent the disclosure of those trade secrets to a competitor and any irreparable harm.

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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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Transworld Systems Inc. Completes Acquisition of EOS North America

Account Recovery

LAKE FOREST, Ill., Dec. 16, 2021 /PRNewswire/ — Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

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Data Details Disturbing Trend For Healthcare Providers

Account Recovery

One-fifth of individuals would rather go to the DMV than try to pay their medical bills online, according to the results of a survey conducted by VisitPay, which have been published in a media report. The comparison is meant to illustrate just how far medical providers still have to go in providing a robust and … The post Data Details Disturbing Trend For Healthcare Providers appeared first on AccountsRecovery.net.

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Get Skills — Not Bills — at an Unpaid Internship

Nerd Wallet

Every summer, students flood offices as unpaid interns, soaking up knowledge and seeking positive references as they take lunch orders and organize storage closets. But this reliance on unpaid work leaves behind students who can’t afford to work for free. Between temporarily relocating to another city, buying and maintaining office-appropriate attire, and paying for everyday.

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Deal Proposed in CFPB Structured Settlement Action

Account Recovery

The Consumer Financial Protection Bureau and defendants it sued over allegedly unfair, abusive, and deceptive practices related to the transfer of consumers’ future structured settlement payments have reached a proposed settlement that will see the defendants pay $50,000 in fines and penalties and be permanently banned from making any referrals related to structured settlement transaction … The post Deal Proposed in CFPB Structured Settlement Action appeared first on AccountsRecovery

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Smart Money Podcast: What Our Listeners Accomplished This Year, Part 1

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about what Sean and Liz accomplished with their money this.

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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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Report Highlights Struggles for Consumers to Repay Student Loans

Account Recovery

Even before the COVID-19 pandemic struck the United States, the burden of repaying student loans was weighing heavily on individuals, including those living in New York City, according to a report that was issued by the city’s Department of Worker and Consumer Protection. Now, as the countdown to restarting student loan payments inches closer to … The post Report Highlights Struggles for Consumers to Repay Student Loans appeared first on AccountsRecovery.net.

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Pet Insurance Can Help Keep Costs for Your Furbaby in Check

Nerd Wallet

You might be thinking of adding a furry friend to the family during the holidays. And you’ll be in good company: 70% of U.S. households have a pet, according to the 2021-2022 American Pet Products Association National Pet Owners Survey. As cute as pets are, they’re a financial commitment. Americans spent $103.6 billion on their. Katia Iervasi writes for NerdWallet.

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Energy giant probe into ‘aggressive’ debt collection tactics

UK debt collections

An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement. The man is purported to be an employee from a company that Scottish Power outsources call handling to on the west coast of Scotland. It is said the call centre deals with queries regarding outstanding balances.

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Cake POS Review 2022: Restaurant Features, Pricing, Alternatives

Nerd Wallet

Cake is a cloud-based point-of-sale system for restaurants, bars and cafes, both large and small. For restaurant owners looking for a customizable system, it’s a solid choice. The company carries its own splash-resistant terminals and sells software packages that include real-time reports, menu management, floor management and a suite of integrations for restaurant accounting and.

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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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Litigation Update: OSHA Emergency Temporary Standard for Employee COVID-19 Vaccination and Testing is Back in Effect

Burr Forman

On December 17, 2021, a 2-1 ruling from a three-judge panel of the Sixth Circuit Court of Appeals lifted a stay on the Occupational Safety and Health Administration’s COVID-19 vaccination and testing Emergency Temporary Standard. The ETS, which was issued by OSHA on November 5, 2021, was immediately stayed nationwide by the Fifth Circuit Court of Appeals on November 6, 2021.

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IHG vs. Marriott: Which Is Right For You?

Nerd Wallet

Choosing a hotel loyalty program to stick with can be a daunting task. Seriously, there are so many hotel chains, how do you make a decision? If you’ve narrowed down your choices to IHG versus Marriott, here’s how one might be better than the other. Hotel availability Winner for hotel availability: Marriott Marriott has about. Anya Kartashova writes for NerdWallet.

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Take the Stress Out of Searching for Names for Debt Collectors

Taurus Collect

COVID has had a significant impact on the UK economy, with reports showing sales at 17% below what they should have been in Q3 2020. Employment also took an 8% hit, and there was a 24% reduction in investment. The economy had a slightly better 2021 but 2020 created a dip in the finances that is proving difficult to reverse. Plus, the pandemic is still throwing curveballs, and businesses are not seeing the numbers they need to put them back in the black.

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How to Get a Car Loan With Bad Credit

Nerd Wallet

Lenders make auto loans for bad-credit borrowers all the time. About 1 in 6 auto loan borrowers in 2021 had credit scores below 600, according to credit reporting company Experian. But borrowers with low credit scores pay a lot more. For example, on a $30,000, 60-month new-car loan, the difference in payments between borrowers in the. Shannon Bradley 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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Public Policy Predictions 2022: What's Coming for Financial Services

Fico Collections

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. Now, nearly a year into this pendulum shift of political power, there is some greater clarity on what might lie ahead. It’s the time of year for predictions, and with the insights gained from 2021, I am ready to offer a few public policy forecasts for those in the financial services industry. 1

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Can I Sell My House While in Forbearance?

Nerd Wallet

If you are among the roughly 1 million homeowners the Mortgage Bankers Association says are in mortgage forbearance, you may have thought about selling your home. Although, yes, you can sell your house in forbearance, that doesn’t mean you have to, especially if you have equity in your home. Only 7% of homeowners exiting forbearance. Linda Bell writes for NerdWallet.

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Report Shows Steady Growth for Global Trade Finance from 2021-2026

NACM

After experiencing moderate growth from 2015-2020, the global trade finance market is projected to grow by 3.7% from 2021-2026, according to IMARC's latest report, Trade Finance Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026. This prediction may change as the pandemic continues to be tracked and evaluated as.

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8 Things to Know Before Getting the Capital One Venture Card

Nerd Wallet

The Capital One Venture Rewards Credit Card is a popular travel rewards card due to its affordable $95 annual fee, valuable perks and flexible rewards. If you’re contemplating this travel credit card, you’ll want to ensure that it’s a good fit before you apply. That way, you can choose a card that matches your financial. Natasha Gabrielle writes for NerdWallet.

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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.