Mon.Jan 09, 2023

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Compliance Digest – January 9

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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4 Ways to Improve Your Odds of Meeting New Year’s Money Goals

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article 4 Ways to Improve Your Odds of Meeting New Year’s Money Goals originally appeared on NerdWallet.

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Report Details Collection Efforts of Agencies Working IRS Accounts

Account Recovery

Comparing your collection efforts to that of your peers is tough. Companies can be reluctant to share specifics and may even present misleading information. So, when information about collection performance is publicized — audited information signed off on by the federal government — it’s worth publicizing. The Treasury Inspector General for Tax Administration has released … The post Report Details Collection Efforts of Agencies Working IRS Accounts first appeared on Acco

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New York Enacts Law Protecting Individuals from Discrimination Based on Citizenship or Immigration Status

Troutman Sanders

On December 23, New York Governor Hochul signed into law Assembly Bill A6328A amending New York Executive Law § 292, known as the New York State Human Rights Law, to add citizenship and immigration status to the list of covered protected characteristics. Among other things, the new law expressly prohibits discrimination against any applicants for credit based on their citizenship or immigration status.

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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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ARM Industry Predictions for 2023

Account Recovery

Opinions are a lot like a certain part of the body, the old saying goes … everybody has one. But when you ask a group of experts to share their opinions on what 2023 holds for the accounts receivable management industry, what you get is a frame that will wrap itself around the menagerie of … The post ARM Industry Predictions for 2023 first appeared on AccountsRecovery.net.

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Daily Digest – January 9. Judge Calls Out Plaintiff’s Attorney in FDCPA Case; ARM Industry Predictions for 2023

Account Recovery

JUDGE CALLS OUT PLAINTIFF’S ATTORNEY FOR ‘ASSAULT’ ON FEES RULING IN FDCPA CASE A District Court judge had some harsh words for a plaintiff’s attorney’s “assault” on a magistrate judge’s report lowering the fee amount in a Fair Debt Collection Practices Act case, but raised the amount recommended by the magistrate judge anyway to include … The post Daily Digest – January 9.

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Smart Money: January Money Moves, and Paying Off Your Mortgage

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: January Money Moves, and Paying Off Your Mortgage originally appeared on NerdWallet.

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Judge Calls Out Plaintiff’s Attorney for ‘Assault’ on Fees Ruling in FDCPA Case

Account Recovery

A District Court judge had some harsh words for a plaintiff’s attorney’s “assault” on a magistrate judge’s report lowering the fee amount in a Fair Debt Collection Practices Act case, but raised the amount recommended by the magistrate judge anyway to include the time spent litigating the fee award portion of the case, although it … The post Judge Calls Out Plaintiff’s Attorney for ‘Assault’ on Fees Ruling in FDCPA Case first appeared on AccountsRecovery.net.

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How to Make the Most of the U.S. Bank Shopper Cash Rewards Card

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article How to Make the Most of the U.S. Bank Shopper Cash Rewards Card originally appeared on 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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Court Finds Letter to Debtor is Not a Debt-Collection Communication Under the FDCPA

Troutman Sanders

Recently, in Velez v. Absolute Resolutions Investments., LLC , the district court for the Northern District of Illinois confirmed the long-standing principle that not all communications sent from a debt collector to a debtor are governed by the Fair Debt Collection Practices Act (FDCPA). Instead, the communications must be in connection with the collection of a debt to fall within the statute’s purview.

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The Guide to Marriott Ambassador

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article The Guide to Marriott Ambassador originally appeared on NerdWallet.

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What Kinds of Businesses Use Debt Collection Agencies?

JMA

Debt collection agencies are companies that specialise in recovering outstanding debts on behalf of businesses and organisations. We’re typically hired when a business has been unable to collect payment on its own, either due to the size of the debt, the age of the debt, or the difficulty in collecting payment. Some debt collectors specialise. Read more » The post What Kinds of Businesses Use Debt Collection Agencies?

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New Jersey Law Journal: The Aftermath of ‘TransUnion v. Ramirez’: An Emerging Circuit Split

Consumer Finance Watch

New Jersey Law Journal, January 3, 2023 Diana M. Eng, Andrea M. Roberts, and Alina Levi ● For years, federal courts relied on the U.S. Supreme Court’s decision in Spokeo v. Robins, 578 U.S. 330 (2016), to ascertain whether a federal plaintiff … Continue reading → The post <i>New Jersey Law Journal</i>: The Aftermath of ‘TransUnion v.

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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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Dental Plan Provider Petitions FCC for Clarification Regarding Renewal Calls

Troutman Sanders

On January 3, DentalPlans.com (DentalPlans) filed a petition with the Federal Communications Commission (FCC) seeking a declaratory ruling that: (1) renewal notifications do not constitute telemarketing or advertising under the Telephone Consumer Protection Act (TCPA), and (2) the language in its online enrollment forms and used by its customer service representatives during telephone conversations with potential customers satisfies the disclosure requirements set forth in 47 U.S.C. § 227.

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Buyer’s Remorse: Vacating a Foreclosure Sale You Won by Mistake

Jimerson Firm

Did you win a foreclosure sale, only to find out later that you did not get what you thought you were bargaining for? If so, you then started wondering what you could do about it. Can you get the sale vacated and set aside, and get your purchase money back? In most cases, the answer is “no,” and you are stuck with the property. However, there is a limited set of circumstances that may allow you to fix your mistake by getting the sale vacated.

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Mortgage interest rates expected to drop in 2023—here’s by how much

Collection Industry News

After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023. The interest rate for a 30-year fixed-rate mortgage in the U.S. is expected to drop to 5.25% by the end of this year, according to a forecast by the financial services website Bankrate. That’s 1.49 percentage points lower than the current rate, and nearly two percentage points lower than 2022′s peak rate of 7.12%.

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One Thing Contractors Need to Be Wary About When Leasing Employees

Jimerson Firm

The construction industry has long utilized employee leasing companies to staff their projects. While leasing employees solves a lot of problems for contractors, there remain issues that contractors need to be concerned about. One such issue is the potential of being liable for the labor burden, including workers compensation, because leased employees are considered to be an employee of the contractor.

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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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FCA’s Consumer Duty Mandates Sharper Use of Technology

Fico Collections

Home. Blog. FICO. FCA’s Consumer Duty Mandates Sharper Use of Technology. Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action. FICO Admin. Thu, 12/19/2019 - 16:29. by Peter Lemon. Lead Consultant. expand_less Back To Top. Mon, 01/09/2023 - 10:20. Every UK bank, lender and financial services firm is likely to have the FCA’s Consumer Duty front-of-mind right now.

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