Wed.Oct 27, 2021

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Bedard Finishes Analysis of Model Validation Notice’s Optional Disclosures

Account Recovery

In the latest episode of “You Wanted a Rule, You Got a Rule,” John Bedard of Bedard Law Group finishes walking through his analysis and breakdown of the eight optional disclosures that collectors are allowed to include on their copies of the Model Validation Notice and still enjoy the safe harbors provided to them under … The post Bedard Finishes Analysis of Model Validation Notice’s Optional Disclosures appeared first on AccountsRecovery.net.

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The Best Travel Plan for This Holiday Season Is a Backup Plan

Nerd Wallet

It’s not even the busiest time of year for travel yet, and 2021 has already been chaotic — even for the most seasoned travelers. Among the 2021 travel fiascos: Spirit Airlines underwent an operational meltdown, with 2,800 flights canceled between July 30 and Aug. 9 due to a combination of bad weather, staffing shortages and. Sally French writes for NerdWallet.

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Biden Names Rosenworcel to Top FCC Post; Nominates Sohn as Commissioner

Account Recovery

President Joe Biden yesterday nominated Jessica Rosenworcel to be the next Chair of the Federal Communication Commission and Gigi Sohn to be a Commissioner at the regulator, rounding out the leadership of that agency and all the agencies that oversee portions of the accounts receivable management industry. Rosenworcel has been Acting Chair following the resignation … The post Biden Names Rosenworcel to Top FCC Post; Nominates Sohn as Commissioner appeared first on AccountsRecovery.net.

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Why a Home Warranty May Not Give You the Fix You Crave

Nerd Wallet

It’s every homeowner’s nightmare — something is broken, and it’s going to cost a lot of money to fix or replace it. Unfortunately, no matter how well you take care of your home, sooner or later, an appliance or major system is bound to croak. Some homeowners plan for this by purchasing a home warranty, Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com.

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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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Daily Digest – October 27. Bedard Breaks Down MVN’s Optional Disclosures; Judge Grants MTD in FDCPA Case

Account Recovery

BEDARD FINISHES ANALYSIS OF MODEL VALIDATION NOTICE’S OPTIONAL DISCLOSURES In the latest episode of “You Wanted a Rule, You Got a Rule,” John Bedard of Bedard Law Group finishes walking through his analysis and breakdown of the eight optional disclosures that collectors are allowed to include on their copies of the Model Validation Notice and … The post Daily Digest – October 27.

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Judge Grants MTD in FDCPA Case Over Dispute Sent to Creditor, Not Collector

Account Recovery

A District Court judge in Michigan has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by contacting the plaintiff after she had disputed the debt in question with the original creditor and for making a “hard inquiry” on her credit report. A copy of … The post Judge Grants MTD in FDCPA Case Over Dispute Sent to Creditor, Not Collector appeared first on AccountsRecovery.net.

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Are Confidentiality Agreements or Other Restrictive Covenants Enforceable in Florida Real Estate Transactions?

Jimerson Firm

It is a common question whether certain restrictive covenants, such as confidentiality agreements, are enforceable in Florida. A restrictive covenant is a contractual agreement or provision designed to protect a party’s business interests and restricts what a party is allowed to do after the agreement is executed. See Proudfoot Consulting Co. v. Gordon , 576 F.3d 1223 (11th Cir. 2009).

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Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Debt is becoming an increasingly serious problem for Indiana residents as well as the rest of the United States. According to surveys conducted by QuoteWizard , almost 80 million Americans have a notable amount of medical debt and 12% of Americans’ income are spent on medical costs. Additionally, around 15% of Americans owe money for medical bills upwards of $10,000.

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Don't Sit On Your Points and Miles Balance

Nerd Wallet

With vaccination rates climbing and borders reopening around the world, even infrequent travelers may be itching to travel once again. If you’re sitting on a large collection of points or miles, now’s the time to act. As airlines and hotels continue to struggle to fill seats and beds, award redemption rates are still quite reasonable. JT Genter 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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Returning Citizens Need Better Housing Options – Here’s How They Can Get Them

Prosperity Now

Housing security is the key to building financial stability, acquiring wealth and connecting with the community, but returning citizens face

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How to Get the Best Macy’s Black Friday 2021 Deals

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Macy’s is joining the parade of national retailers expanding Black Friday throughout the month of November. NerdWallet writes for NerdWallet.

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TrueAccord Names Kelly Knepper-Stephens as Chief Compliance Officer and General Counsel

True Accord

Lenexa, KS – Oct. 27, 2021 – TrueAccord Corporation, a debt collection company offering AI-powered digital recovery solutions, is proud to announce the appointment of Kelly Knepper-Stephens as chief compliance officer and general counsel. TrueAccord started in 2013 as a digital-first collection agency built to fundamentally change collections into a recovery and reconciliation process.

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American Airlines Revolutionizes How You Earn AAdvantage Elite Status

Nerd Wallet

Long gone are the days of “a mile flown is a mile earned” when you fly a U.S. airline. For the past several years, elite status has been earned mostly based on the amount you pay for your ticket (thus earning you more elite points) rather than the miles you fly. But now, American Airlines. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Ninth Circuit Takes the Con Out of ConAgra

Public Citizen

by Steve Gardner. Yesterday, the Ninth Circuit issued an excellent opinion on the issue of preemption of state law claims for deception involving foods regulated by USDA.   Cohen v. ConAgra Brands, Inc. Robert Cohen sued ConAgra for violations of California consumer laws. As the Court noted: Cohen began purchasing various frozen chicken products such as chicken nuggets and fried chicken.

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Does Medicare Cover Eyeglasses and Contacts?

Nerd Wallet

Original Medicare generally doesn’t pay for eyeglasses or contact lenses. You can obtain some vision care insurance through Medicare Advantage or a private or group plan, but you should assess the value of such coverage before enrolling. What you pay for eyeglasses and contacts In most cases, as a Medicare Part B beneficiary you’ll pay. John Rossheim writes for NerdWallet.

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Recent Decision on Derivative Standing by a Creditors’ Committee to Challenge a Lender’s Liens

PBWT

In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. One way committees try to enhance recoveries is by seeking “derivative standing” to commence adversary proceedings challenging the validity of a secured lender’s pre-petition liens.

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California Privacy Protection Agency Begins to Take Shape

Troutman Sanders

The California Privacy Protection Agency (CPPA) is the first state privacy agency in the nation and was created as part of the California Privacy Rights Act (CPRA). While this agency has already been formed, it will not begin enforcement activities until July 1, 2023 (six months after the CPRA takes effect). The agency’s mandate includes enforcing California privacy law, a duty currently carried out by California’s attorney general.

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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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What Is Alternative Credit Reporting?

Micro Bilt

For those who have no or bad credit, alternative credit reporting may be the answer for you. This blog post will go over how credit is determined and how you can lend to individuals without a credit history. Read on for more information.

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Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Debt is becoming an increasingly serious problem for Indiana residents as well as the rest of the United States. According to surveys conducted by QuoteWizard , almost 80 million Americans have a notable amount of medical debt and 12% of Americans’ income are spent on medical costs. Additionally, around 15% of Americans owe money for medical bills upwards of $10,000.

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The Cost of Bad Debt to Your Business

JMA

Debt is a part of owning and running a business. In fact, debt is crucial in enabling many businesses to actually operate. Owning a business also involves a lot of trust, and this trust goes hand in hand with debt. When your business provides goods or services to a customer, there is an element of. Read more » The post The Cost of Bad Debt to Your Business appeared first on JMA Credit Control.

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Steps to Successfully Set Up a New Business

Payment Savvy

Starting a new business is an exciting new adventure for many people. Those new to the world of small businesses tend to become overwhelmed with all of the latest information they need to learn. It’s essential to set up your business right from the get-go to avoid any issues down the road. Ready to achieve entrepreneurial success? Read on to learn the steps to take to start your new business.

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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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Fighting Bias: How Interpretable Latent Features Remove Bias in Neural Networks

Fico Collections

One of the biggest challenges of working with data and building predictive models is identifying and handling inherent biases in the data. Here, bias can arise for a number of reasons, including how the data was collected, why it was collected, and simply because bias is inherent in our society. While techniques exist to detect whether a model produces biased results among protected groups, there are insufficient methods to uncover the biased relationships a machine learning model may learn from

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Opening Statement of Director Rohit Chopra before the House Committee on Financial Services

Consumer Finance

Director Rohit Chopra's opening statement before the House Committee on Financial Services.

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G7 Finds Common Ground with Digital Trade and Data Sharing

NACM

During a meeting between the Group of Seven wealthy nations (G7) on Friday, a consensus was reached on a set of principles to govern cross-border data use and digital trade. The deal is considered to be a breakthrough as it could free up hundreds of billions of dollars of international commerce. "The deal sets out a middle ground between highly reg.

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Written Testimony of Director Rohit Chopra before the Senate Committee on Banking, Housing, and Urban Affairs

Consumer Finance

Director Rohit Chopra's written testimony before the Senate Committee on Banking, Housing, and Urban Affairs.

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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.