Tue.Mar 01, 2022

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Appeals Court Upholds Ruling for Defendant in FDCPA, FCRA Case Over ID Theft

Account Recovery

The Court of Appeals for the Seventh Circuit has upheld a lower court’s summary judgment ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act and Fair Credit Reporting Act by attempting to collect on a debt that was allegedly incurred as a result of identity theft, ruling … The post Appeals Court Upholds Ruling for Defendant in FDCPA, FCRA Case Over ID Theft appeared first on AccountsRecovery.net.

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Through Good Times and Bad-Our Team Sticks with Our Mission

American Profit Recovery

By Brian: It’s a satisfying feeling knowing that we can continue to help support small businesses and help consumers throughout the year regardless of what is happening across the country. It’s what we have always done since opening our doors. We have assisted consumers during events throughout the years such as recession and natural disasters that had a negative effect on the economy as well as during economic booms that had a positive effect, pulling together to help those in need.

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Debt Relief Scammers Banned From Industry, to Pay $425k in Penalties

Account Recovery

The operators of a debt relief scam have agreed to a permanent ban from the industry and will pay $425,000 out of a $5.3 million fine as part of a settlement that was announced by the Federal Trade Commission and the Attorney General of Florida. The FTC and Florida AG sued Gino de Paz, Grace … The post Debt Relief Scammers Banned From Industry, to Pay $425k in Penalties appeared first on AccountsRecovery.net.

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How to Insure Your Money When You’re Banking Over $250K

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The Federal Deposit Insurance Corp. insures up to $250,000 per depositor, per institution and per ownership category at member.

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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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Filing Fees Blocking Access to Justice in Collection Suits, SoloSuit Founder Argues

Account Recovery

The founder of a service that helps consumers respond to collection suits is calling out courts across the country for charging defendants filing fees when responding to lawsuits, saying the fees “block justice,” particularly in debt collection suits. George Simons, the founder of SoloSuit, shared his views in an article that was published last week. … The post Filing Fees Blocking Access to Justice in Collection Suits, SoloSuit Founder Argues appeared first on AccountsRecovery

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Bill Introduced in House to Keep COVID-Related Evictions Off Credit Reports

Account Recovery

A bill has been introduced in the House of Representatives that would prohibit evictions that were related to the COVID-19 pandemic from appearing on those individuals’ credit reports. H.R. 6882, the Keeping Evictions Off Credit Reports Act was introduced by Rep. Steve Cohen [D-Tenn.]. Rep. Cohen claims that 40 million individuals have faced the threat … The post Bill Introduced in House to Keep COVID-Related Evictions Off Credit Reports appeared first on AccountsRecovery.net.

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Charles Schwab vs. Robinhood: 2022 Comparison

Nerd Wallet

In some ways, Charles Schwab and Robinhood are similar: Both brokers will allow you to trade stocks and exchange-traded funds with no commission, and both offer fractional shares, so investors can buy slices of public companies with small amounts of money. But where they differ is in the level of service provided. Charles Schwab is. Arielle O'Shea writes for NerdWallet.

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34 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 34 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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EToro vs. Robinhood: 2022 Comparison

Nerd Wallet

If you’re looking to trade crypto, you may be interested in eToro and Robinhood. EToro became popular in part because it features social trading, which allows users to copy the trades of other investors. But its U.S. offering is limited; it only lets U.S. investors trade crypto. EToro charges trading fees, but it offers 17. Pamela de la Fuente writes for 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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Tools for Addressing COVID-19 Mortgage Forbearance Balances

Debt Free Colorado

Addressing COVID-19 Mortgage Forbearance Balances in Denver, CO. If you were in forbearance on your mortgage payments because of COVID-19, the time is quickly approaching for you to resume making payments and come up with a plan to get caught up on missed payments. This probably sounds overwhelming, but fortunately, there are a number of options for bringing your mortgage current and keeping your home.

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Is an Airbnb or a Hotel Right for Your Next Trip?

Nerd Wallet

We all travel for different reasons and with different expectations depending on where we are headed. Perhaps a family vacation means you want to have kitchen and dining space. A business trip to a big city could put a comfortable bed and deep soaking tub at the top of the priority list. When deciding between. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Debt Collection from Russia just got even harder

UK debt collections

Collecting debt has always presented its own challenges for the UK’s Debt Collection industry. With the current Ukraine conflict ongoing and widespread International condemnation, that challenge is getting even harder. Increasing economic sanctions and financial boycotts of the country, have made the hurdles even higher. Whilst the UN and International Countries have been quick to place financial restraints on Russia, there is also the flip side where Businesses and Individuals outside of

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Webull vs. E*TRADE: 2022 Comparison

Nerd Wallet

Webull and E*TRADE both have easy-to-use trading platforms, which is always a plus. But below, we’ll compare these two brokers head-to-head in more detail to help you decide which might be best for you. Webull has a slick website and app, but it’s short on educational resources and doesn’t offer mutual funds. For that reason, Pamela de la Fuente 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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Fiserv Reduces Fraud Losses for Small to Midsize Banks with AI

Fico Collections

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. False declines — legitimate transactions wrongly flagged as fraudulent — decreased by an average of 20%.

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Charles Schwab vs. E*TRADE: 2022 Comparison

Nerd Wallet

There’s a lot to like about E*TRADE and Charles Schwab. Both brokers cater to beginner investors and advanced traders alike. Both offer large investment selections, commission-free trades of stocks and exchange-traded funds and access to extensive research. Schwab has an above-average mobile app, but it offers a smaller selection of fractional shares than some other brokers.

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Digital Banking Commandment: Respect Your Customers’ Data!

Fico Collections

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

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Valentine’s Day Order Gives No Love to Clearview AI’s First Amendment Arguments

Troutman Sanders

On February 14, Northern District of Illinois Judge Sharon Johnson Coleman rejected Clearview AI’s arguments that Illinois’ Biometric Information Privacy Act (BIPA) violated the First Amendment. In 2020, Clearview AI was accused of violating BIPA in multiple cases filed in the Northern District of Illinois and the Southern District of New York. The plaintiffs alleged that Clearview AI covertly scraped over three billion photographs of facial images from the internet and used artificial intellige

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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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Vanguard vs. TD Ameritrade: 2022 Comparison

Nerd Wallet

Vanguard and TD Ameritrade are both powerhouse brokers. Vanguard is known for its vast selection of no-transaction-fee mutual funds, and is a solid choice for retirement investors. Its trading platform is no-frills, and while it does offer educational tools and research, the selection of third-party research providers is narrower than at some competitors.

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Interactive Brokers vs. TD Ameritrade: 2022 Comparison

Nerd Wallet

Interactive Brokers and TD Ameritrade are both solid choices for advanced traders. But below, we’ll compare these two brokers head-to-head to help you decide which is best for you. Both brokers have large investment selections and access to quality research and tools. Interactive Brokers stands out for offering fractional shares — which is not yet. Pamela de la Fuente writes for NerdWallet.

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Webull vs. TD Ameritrade: 2022 Comparison

Nerd Wallet

Webull and TD Ameritrade are both impressive options for investors. But below, we’ll compare these two brokers head-to-head to help you decide which is best for you. Webull offers crypto, and boasts some of the lowest fees among brokerages, but it lacks access to mutual funds. TD Ameritrade offers extensive educational materials and a wide. Pamela de la Fuente writes for NerdWallet.