Tue.Apr 13, 2021

article thumbnail

Daily Digest – April 13. Appeals Court Affirms Dismissal of FDCPA Case; Judge Denies MTD in FDCPA Case Over Dispute Clarification

Account Recovery

APPEALS COURT AFFIRMS DISMISSAL OF FDCPA CASE OVER LETTER ITEMIZING ‘$0.00’ IN INTEREST, FEES The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case in which the defendant was sued for itemizing the interest and fees due as “$0.00” in a collection letter because the … The post Daily Digest – April 13.

article thumbnail

How to send a debt to collections

American Profit Recovery

Sending a customer to collections can be a big step for a small business. You have spent hours cultivating new customers in your community and you don’t want to lose any business. You have a great reputation for service among your current customers and most of them are paying you on time. But there comes a time in any size business when customers are not going to pay, and you need to implement a strategy if you are going to recover that money.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Judge Denies MTD in FDCPA Case Over Dispute Clarification in Letter

Account Recovery

A District Court judge in Colorado has denied a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it included a statement in a collection letter that informed the recipient that calling to obtain more information or making a payment on the unpaid debt was not … The post Judge Denies MTD in FDCPA Case Over Dispute Clarification in Letter appeared first on AccountsRecovery.net.

article thumbnail

The Advantages and Disadvantages of Sole Proprietorship

Nerd Wallet

Starting a small business can be an intimidating process: You need to come up with a business strategy, solicit customers, and manage short- and long-term finances. Plus, sorting through the paperwork, forms, and registration steps to legally set up your business can be even more frustrating. This being said, if you’re still trying to determine. Meredith Wood writes for NerdWallet.

105
105
article thumbnail

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.

article thumbnail

Prosecutors Seize $400k from Payment Processing Firm with Ties to Collection Agencies

Account Recovery

Prosecutors have seized an additional $400,000 from a payment processing company that allegedly laundered money for a debt collector who is being investigated by federal authorities, according to a published report. The money was seized from Market Street Debt Partners, which allegedly received payment information, processed payments, and transferred those funds — after deducting a … The post Prosecutors Seize $400k from Payment Processing Firm with Ties to Collection Agencies appear

More Trending

article thumbnail

Appeals Court Affirms Dismissal of FDCPA Suit Over Letter Itemizing ‘$0.00’ in Interest, Fees

Account Recovery

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case in which the defendant was sued for itemizing the interest and fees due as “$0.00” in a collection letter because the plaintiff claimed the itemization falsely implied that they could accrue in the future. A … The post Appeals Court Affirms Dismissal of FDCPA Suit Over Letter Itemizing ‘$0.00’ in Interest, Fees appeared first on AccountsRecovery.net.

article thumbnail

35 Small Town Business Ideas That Every Community Needs

Nerd Wallet

Big business can happen in small towns. Small towns offer a unique opportunity of a concentrated market—as well as the challenge of a limited population. Finding small town business ideas that will stick is all about meeting a current demand with a great product or service. 35 small town business ideas for every community Restaurants. Sally Lauckner writes for NerdWallet.

97
article thumbnail

Federal Judge Mourned After Tragic Hit-and -Run

Account Recovery

A federal judge from New York who ruled on numerous debt collection cases is being mourned after being struck and killed in a hit-and-run accident in Florida last week. Judge Sandra Feuerstein, from the District Court for the Eastern District of New York, was hit while walking on a sidewalk in Boca Raton, Fla. The … The post Federal Judge Mourned After Tragic Hit-and -Run appeared first on AccountsRecovery.net.

article thumbnail

Braintree vs. PayPal: Which Is Right for Your Business?

Nerd Wallet

Braintree and PayPal are both reliable payment service providers (also known as PSPs) that allow businesses to accept payments online via e-commerce stores. Overall, if you want the most customization possible for no additional fee, Braintree is the better option of the two. On the other hand, PayPal (or, more specifically, PayPal Payments Standard) is.

97
article thumbnail

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.

article thumbnail

3 Strategies for Patient Engagement in the Revenue Cycle

PDC Flow

In the past few years, high deductible healthcare plans have transformed how patient care is funded. More services are being paid for by patients or through their Health Savings Accounts. This has made patient engagement essential to the billing cycle to ensure medical bills don’t become seriously delinquent. Greater financial responsibility also means that patients have begun treating their healthcare as any other consumer good or service.

article thumbnail

Is a Personal Loan or Home Equity Loan Right for Your Reno?

Nerd Wallet

One major perk of homeownership is the ability to remodel your home. You can gut the kitchen and add an island or turn your backyard into an outdoor oasis. Deciding how to pay for home renovations is a core part of the process. Some homeowners turn to savings, while others choose to finance the project, Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com.

article thumbnail

Can You Sell Your Home if You File for Bankruptcy in Indiana?

Sawin & Shea

What you will learn from reading this article: Facts about selling your home while going through bankruptcy. Details about Chapter 7 and Chapter 13 Bankruptcies and your house. If you are struggling to pay your mortgage and other bills, the good news is that the CARES Act (Coronavirus Relief and Economic Security) has extended the deadline for when the foreclosure moratorium is due to expire.

article thumbnail

How to Add a Companion Pass on Southwest

Nerd Wallet

One of the best perks in travel is undoubtedly the Southwest Companion Pass. By earning the Companion Pass, you can essentially book buy-one-get-one-free travel on Southwest Airlines with the travel partner of your choice. That opens the potential to incredible travel savings. However, in order to start saving, you’ll first need to designate your companion.

91
article thumbnail

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?

article thumbnail

How to Carry Out an Easy Cash Transfer with an Online Payment App?

TAMSEY

Send money instantly to your loved one! As a beginner, if you don’t have an idea how to transfer money with mobile applications, this guide will help you out. A great move towards digitalising international money transfers has been widely adopted by people across the globe. Money transfers can be done in various ways. Many popular online applications are offering mobile money, direct bank transfer, or cash pickup.

Banks 52
article thumbnail

25 Tech Business Ideas for 2021

Nerd Wallet

If you’re looking to start a business with high earning potential, you’ve probably looked into some tech business ideas. And why wouldn’t you? In 2019, the estimated economic output of the technology industry was $1.8 trillion, comprising over 10% of the national economy, according to CompTIA. What’s more, the average successful startup exit (via either acquisition.

article thumbnail

Send Money Online to Finland with Tamsey

TAMSEY

With the world coming together through the advancement of technology, money transfer needs have increased significantly. Finding the correct method when you send money online to Finland can remove the uncertainty and stress that comes with money transactions. Reasons to Send Money Online to Finland. There are many reasons to send the money overseas.

Banks 52
article thumbnail

How to Make the Most of Air Canada’s Business Class

Nerd Wallet

Air Canada’s business class is one of the best in North America. Its Signature Class offers lie-flat seats, chef-curated meals and a BMW chauffeur service. Read our guide to Air Canada’s business class to see if its the right flying experience for you. What to expect flying business class with Air Canada Air Canada’s business. Carissa Rawson writes for NerdWallet.

72
article thumbnail

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.

article thumbnail

Alfa-Bank's Automated Model Monitoring Improves Management

Fico Collections

Automated Model Monitoring Improves Capital Utilization. Alfa-Bank, the largest universal privately-owned bank in Russia, has used FICO® Decision Central to automate monitoring of its predictive models, in order to meet requirements from the Central Bank of Russia. The project has reduced report preparation time by more than 90 percent, created complete transparency into model performance and recommendations for improvement, and will help the bank qualify for an internal ratings-based (IRB) appr

Banks 52
article thumbnail

How to Start a Marijuana Business: The Ultimate Guide

Nerd Wallet

Before you start any business, you should have some idea of what the industry landscape is like: What are the earning potentials? What are the risks? Who is your competition? Given the marijuana industry’s short history, no one can be fully confident in how the cannabis industry will unravel—and how marijuana businesses will fare. A. Georgia McIntyre writes for NerdWallet.

78
article thumbnail

CFPB Settles with Yorba Capital Over Debt Collection Litigation Notices

Troutman Sanders

On April 6, the Consumer Financial Protection Bureau (CFPB) issued a consent order against California-based debt collector Yorba Capital Management LLC and its sole owner Daniel Portilla, Jr. for violating the Consumer Financial Protection Act and the Fair Debt Collection Practices Act. The consent order permanently bans Yorba and Portilla from the debt collection business and orders restitution and penalties to resolve the findings of the CFPB.

article thumbnail

Home Business Ideas: 40 Remote Jobs to Explore in 2021

Nerd Wallet

Working remotely and starting businesses from home have grown in popularity over the past decade. Currently, in the United States, millions of self-employed individuals have acted upon home business ideas and work regularly from their home. 40 home business ideas Freelance writing Virtual assistant Researching and fact-checking Social media managing Blogging and marketing Freelance designing Freelance.

72
article thumbnail

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.

article thumbnail

The FTC Takes Down Beam Financial Mobile Banking App

Troutman Sanders

Beam Financial, Inc. (Beam), a mobile banking app, will be banned from offering any service that may be used to deposit, store, or withdraw funds, and must give a full refund to users as part of a settlement with the Federal Trade Commission (FTC). It also is prohibited from misrepresenting the interest rates, restrictions, and other aspects of any financial product or service.

Banks 52
article thumbnail

39 Green Business Ideas for Sustainable Entrepreneurs

Nerd Wallet

An eco-friendly business, or “green business” is one that demonstrates a commitment to an environmentally sustainable future. Green businesses strive to have a positive impact on the environment and their community. This can be achieved through many practices and strategies, from recycling to sourcing local products to promoting energy efficiency. Sustainable and green business ideas.

71
article thumbnail

New York Receives $105 Million in Tax Revenue and Damages Under False Claims Statute, While Other States Take Steps to Remove Their Tax Bar

Troutman Sanders

In early March, New York State Attorney General Letitia James and New York City Corporation Counsel John E. Johnson announced a $105 million settlement against a hedge fund manager for tax evasion. The New York authorities were alerted to the potential of fraud in October 2018 by a whistleblower lawsuit brought under New York’s False Claims Act (FCA).

article thumbnail

The Best Boarding Pass Perks From Different Airlines

Nerd Wallet

After your next flight, don’t be so quick to toss out your boarding pass. Besides the fact that you should always keep it to make sure your frequent flyer miles post (some airlines still require you to send in details from or proof of the boarding pass if miles are missing), there are some creative. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

71
article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

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.