Mon.Jun 06, 2022

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Judge Sanctions Defendant, Certifies Class of 300k Who Did Not Have Credit Reports Updated After BK Discharge

Account Recovery

A Bankruptcy Court judge in New York has certified a class of nearly 300,000 consumers for whom a furnisher failed to update their credit reports to discharged via bankruptcy from charged off while also sanctioning the furnisher for “repeated, lengthy, and willful discovery failures” including the submission of false affidavits and repeated misrepresentations to the … The post Judge Sanctions Defendant, Certifies Class of 300k Who Did Not Have Credit Reports Updated After BK Di

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Ethereum (ETH) Definition, Current Price and How It Works

Nerd Wallet

Ethereum is a central building block of the economy developed around cryptocurrency. Ethereum’s native token, Ether (ETH), is the second-most valuable cryptocurrency by market capitalization. And Ethereum’s underlying technology has been used to create many other high-profile projects, including additional cryptocurrencies, NFTs, and financial products.

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Equifax Confirms Issues with Some Credit Scores

Account Recovery

Thanks to Michael Lamm at Corporate Advisory Solutions for giving me a heads up about this issue… Equifax has been telling lenders that about 12% of the credit scores it has been providing recently are inaccurate, likely a result of a coding error. The issue affected individuals who received credit scores via Equifax’s platform between … The post Equifax Confirms Issues with Some Credit Scores appeared first on AccountsRecovery.net.

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QuickBooks Time Review 2022

Nerd Wallet

QuickBooks Time lets you manage your team’s time and schedules without the need for a physical time clock or cumbersome spreadsheets. It is available in QuickBooks Online and integrates seamlessly with QuickBooks Payroll, ADP, Gusto and other popular payroll software. QuickBooks Time is well-suited for remote teams and for businesses with employees who have to.

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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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More Families Making Financial Sacrifices After Child Tax Credits Expire

Account Recovery

The expiration of child tax credits that were put in place to help families during the COVID-19 pandemic is causing more parents and households to make tough choices, including skipping meals, giving up medical insurance and not paying medical bills, and using money saved for rainy days or emergencies to cover their expenses, according to … The post More Families Making Financial Sacrifices After Child Tax Credits Expire appeared first on AccountsRecovery.net.

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Daily Digest – June 6. Judge Sanctions Defendant, Certifies Class of 300k; Equifax Confirms Issues With Some Credit Scores

Account Recovery

JUDGE SANCTIONS DEFENDANT, CERTIFIES CLASS OF 300K WHO DID NOT HAVE CREDIT REPORTS UPDATED AFTER BK DISCHARGE A Bankruptcy Court judge in New York has certified a class of nearly 300,000 consumers for whom a furnisher failed to update their credit reports to discharged via bankruptcy from charged off while also sanctioning the furnisher for … The post Daily Digest – June 6.

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Amazon Business Line of Credit Alternatives

Nerd Wallet

Applications for the Amazon Business Line of Credit are no longer being accepted, as of this writing. Business owners who are interested in the Amazon Business Line of Credit can explore other credit options offered by Amazon, as well as those offered by banks and alternative lenders. Amazon business credit options Besides its Business Line. Lisa Anthony writes for NerdWallet.

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Compliance Digest – June 6

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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5 Things to Know About American Express Lounge Access

Nerd Wallet

American Express offers many credit cards with airport lounge access. But American Express lounge access isn’t equal across all AmEx cards. AmEx lounge benefits for some cards include complimentary access to over 1,400 airport lounges around the world while other cards don’t even allow you paid access to Centurion Lounges. Terms apply. Let’s review the.

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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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Another Unanimous Supreme Court Decision Goes Against a Company Seeking Arbitration

Public Citizen

For the second time in the space of two weeks, the Supreme Court issued a narrow, but unanimous, decision against a company seeking arbitration. Today's decision in Southwest Airlines v. Saxon , like the one two weeks ago in Morgan v. Sundance, Inc. , involved an employment arbitration agreement, not a consumer agreement. And the specific issue decided today, concerning the scope of the Federal Arbitration Act's exclusion of arbitration agreements involving transportation workers, arises

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What Is Regulation E and How Does It Impact Your Bank Account?

Nerd Wallet

If you’ve ever had your debit card number stolen or had an unauthorized transfer made from your bank account, you may be familiar with some of the details of Regulation E, a federal framework to protect consumers. What is Regulation E? Regulation E is a framework created by the Federal Reserve that outlines the responsibilities. Chanelle Bessette writes for NerdWallet.

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The New York Times Feature

Fraser

Fraser Trebilcock election law attorney Garett Koger was quoted by The New York Times recently on an article discussing the Michigan Supreme Court’s decision to deny requests by three candidates for governor to be restored to the August primary ballot. Fraser Trebilcock’s election law team of Thad Morgan and Garett Koger , aided by attorneys Paul McCord , Robert Burgee , and Elizabeth Siefker , worked on the matters.

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What Cards Can Get Me Into AmEx Centurion Lounges?

Nerd Wallet

The Centurion Lounges by American Express are some of the nicest airport lounges currently available. Centurion Lounge benefits include chef-prepared hot meals from a buffet, complimentary cocktails, liquors and wine, and a variety of seating areas to either relax or get some work done before your flight. Some lounges have a spa where you can. JT Genter writes for NerdWallet.

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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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FTC Revisiting Key Digital Advertising Guidance

Troutman Sanders

On June 3, the Federal Trade Commission (FTC) published a request for information that could form the basis for a major update of its digital advertising guidance. The FTC’s most recent digital advertising guidance is its 2013 “.com Disclosures – How to Make Effective Disclosures in Digital Advertising ” (.com Disclosures Guide). The.com Disclosure Guide provides guidance on how to make “clear and conspicuous” disclosures in online advertisements and provides examples of problematic advertisemen

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5 Things to Know About the Synchrony Car Care Credit Card

Nerd Wallet

Between gas, maintenance, insurance and monthly car payments, a car can cost you thousands of dollars a year. Sometimes you can plan for significant car-related expenses, but pricey repair bills have a habit of coming out of nowhere when you might not have the money to afford them. The $0-annual-fee Synchrony Car Care credit card. Sara Rathner writes for NerdWallet.

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Background Screener Agrees to Resolve Class Action Over Alleged Misreporting of Criminal Convictions

Troutman Sanders

On May 26, preliminary approval was sought to resolve a proposed class action, pending in the U.S. District Court for the District of Minnesota, against background screening company Inflection Risk Solutions LLC (Inflection). The proposed settlement seeks to resolve claims that Inflection violated the Fair Credit Reporting Act by allegedly reporting misdemeanor convictions as felonies in criminal background reports, without noting that such convictions, though originally categorized as felonies,

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Can’t Get a Business Loan? Consider These Alternatives

Nerd Wallet

Banks and credit unions tend to offer the most affordable business financing — if your business can qualify. Only a fraction of small-business loan applications are approved, and this disparity is getting worse. According to the Federal Reserve’s 2022 Small Business Credit Survey, approval rates from both small and large banks declined from 2019 to.

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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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How Making the Switch to Digital-First Helped Recover $17M with TrueAccord’s Retain Platform

True Accord

When COVID hit in 2020, one Fortune 500 company needed to find an effective way to communicate and collect from the rising overdue accounts, with many of their customers falling into financial hardships. While the company had previously relied on old-school communication tactics like direct mail and an in-house call center to reach customers who had delinquent accounts, they knew a better solution was needed. .

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Smart Money Podcast: Giving Money to Family, and Inflation Woes

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about when and how to give your family and friends money. Then we pivot to a conversation about what’s driving inflation with Darian Woods from NPR’s podcast “The Indicator from Planet Money.” Check out this. Liz Weston, CFP® writes for NerdWallet.

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How to Make the Most of Hilton Diamond Status

Nerd Wallet

Hilton’s loyalty program, Hilton Honors, has four tiers — Member, Silver, Gold, and Diamond. The highest tier, Hilton Diamond status, comes with the most benefits, including space-available room upgrades, a daily food and beverage credit, and elite gifting status. Here are some tips and tricks on making the most of Diamond status with Hilton. How. Josh Garber writes for NerdWallet.

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How to Buy Google Stock: Investing in GOOGL (Alphabet) 

Nerd Wallet

Google, a joint venture between Larry Page and Sergey Brin, began as an effort to organize and rank information across the world wide web. Today, Google is known for more than just revolutionizing the search engine. Under its holding company, Alphabet Inc., Google’s commercial projects also now include software, cloud computing tools and even cell. Sabrina Parys 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.

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How to Make Sure You’re Insured for Summer Activities

Nerd Wallet

Summer is a time for gathering with friends and family, but with more activity and travel comes increased risk of accident and injury. Some of these incidents could cost you thousands of dollars if you don’t have the right insurance coverage. Here’s how to make sure you’re properly covered for some common summer scenarios so. Ciarra Jones writes for NerdWallet.