Thu.Mar 24, 2022

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Daily Digest – March 24. Getting to Know Chris Repholz of The CCS Companies; Judge Grants Motion for Defendant in FCRA Case

Account Recovery

GETTING TO KNOW CHRIS REPHOLZ OF THE CCS COMPANIES If you learn anything from this profile, Chris Repholz wants you to know that his last name is pronounced “Rep-holts” not “Ref-olts.” But more than that, he is someone who has dedicated most of his professional life to the contact center and accounts receivable management industry … The post Daily Digest – March 24.

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Is It Cheaper to Rent a Car at the Airport?

Nerd Wallet

When it comes to saving money on rental cars, there’s no shortage of advice. Some suggest skipping mainstream companies and using a car rental alternative, like a peer-to-peer car-sharing service. Others promote package deals through online travel agencies like Expedia. And then there’s this advice: Rent through a rental car company’s downtown location, rather than.

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Judge Grants Motion for Defendant in FCRA Over Removal of Dispute Notification

Account Recovery

A District Court judge in Tennessee has granted a defendant’s motion for judgment on the pleadings that it did not violate the Fair Credit Reporting Act by failing to remove a dispute notification when furnishing information about an individual’s credit report to a credit reporting agency, because the individual only submitted the removal request to … The post Judge Grants Motion for Defendant in FCRA Over Removal of Dispute Notification appeared first on AccountsRecovery.net.

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How to Keep Your Tax Return From Getting Hung Up

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. There may never be a good time to draw the IRS’ attention, but this year you really want to. Liz Weston, CFP® writes for NerdWallet.

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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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Senate Committee to Hold Hearing on Impact of Medical Debt

Account Recovery

The Senate Banking Committee has scheduled a hearing for next Tuesday that will hear testimony related to the “impact of the growing burden of medical debt,” likely a response to a number of reports and activities detailing the size and scope of medical debt being carried by individuals in the United States. The hearing will … The post Senate Committee to Hold Hearing on Impact of Medical Debt appeared first on AccountsRecovery.net.

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Average Tax Refund Still Well Above Last Year’s Figure, Although Size of Refunds is Shrinking

Account Recovery

The pace of income tax returns that have been filed with the Internal Revenue Service is slowing down, compared with last year, but the size of the average income tax refund remains significantly higher, further confounding members of the accounts receivable management industry, who had expected tax refunds for 2021 to be lower than usual, … The post Average Tax Refund Still Well Above Last Year’s Figure, Although Size of Refunds is Shrinking appeared first on AccountsRecovery.net.

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Contractor late payment increases

UK debt collections

UK contractor late payment has been increasing since the start of the covid-19 outbreak two years ago. More than two-thirds (65%) of contractors have experienced slower payments since the start of the pandemic , according to research carried out by Lloyds Bank Commercial Banking. A quarter of businesses (26%) say it now takes their customers more than 30 days to settle outstanding invoices, with debtors most commonly citing cashflow pressures (33%) and late payments from their own customers (28%

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Getting to Know Chris Repholz of The CCS Companies

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Chris Repholz of

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The Property Line: Higher Rates May Slow Down Rising Home Prices

Nerd Wallet

Around 6 million people will buy homes this year, and they will confront two complications: Home prices will keep going up, and so will mortgage rates. These twin challenges might make you feel anxious about being able to afford to buy a home. The anxiety might give you the urge to hurry. “With mortgage rates. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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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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Student essay asks if anyone would have standing to sue in federal court to challenge student loan cancellation

Public Citizen

by Jeff Sovern. Jack Hoover, a 3L at Virginia, has written Standing and Student Loan Cancellation, 108 Va. L. Rev. Online (Forthcoming 2022). Here's the abstract: As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive branch has the legal authority to waive the federal government’s claim to up to $1.6 trillion in debt.

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Southwest vs. Delta: Which Is Better?

Nerd Wallet

Delta Air Lines and Southwest Airlines are two of the most well-known airlines in the U.S. They are also two of the largest in number of passengers served. However, the two carriers couldn’t be more different in the destinations they serve, loyalty programs they offer and fees they charge. When trying to decide if Delta. Anya Kartashova writes for NerdWallet.

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Virginia Legislature Passes Sales-Based Financing Disclosure and Registration Requirements

Troutman Sanders

On March 22, the Virginia legislature sent HB1027 (Act) to the governor. If signed by April 11, the Act will impose the nation’s first registration requirement on sales-based financing providers and brokers. Virginia would also be the third state to create commercial financing disclosure requirements applicable to sales-based financing, after New York and California.

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What to Know Before Your Business Adds Buy Now, Pay Later

Nerd Wallet

“Buy now, pay later” is becoming common at large retailers like Target, Ikea and Macy’s. More and more small-business owners are allowing their customers the ability to pay in installments, too. In fact, 55% of local businesses use buy now, pay later online and 5% offer it as an in-store payment option, according to a. Rosalie Murphy 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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Utah Becomes Fourth State to Adopt Privacy Legislation

Troutman Sanders

On March 24, Governor Spencer J. Cox signed the Utah Consumer Privacy Act (UCPA), making Utah the fourth state in the country to adopt a comprehensive privacy law. The UCPA is set to take effect on December 31, 2023, and this law’s substantive requirements closely mirror the Virginia Consumer Data Protection Act (VCDPA). The UCPA includes broad exemptions for businesses and data subject to federal sector-specific privacy regimes, and all enforcement will be carried out by the Utah attorney gener

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Why the Citi Premier Is a Surprisingly Good Cash Back Card

Nerd Wallet

For years, the $95-annual-fee Citi Premier® Card has been overshadowed by other mid-tier travel cards like the Chase Sapphire Preferred® Card. That’s despite the Citi Premier® Card offering 3 points per dollar spent in many categories, including supermarkets, and newer Citi Premier® Card benefits like a $100 hotel credit. However, Citi recently tweaked what you.

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What Debt Collectors Can and Can’t do on Social Media

The Kaplan Group

Yes, it’s true. Debt collectors can now contact consumers on social media. Here’s the background and all you need to know about what debt collectors can and can’t do on social media. The History. In November 2021, The CFPB made some long-awaited updates to the Fair Debt Collection Practices Act. The FDCPA was enacted by congress in 1977, so the standards regarding communication between debtors and collectors were not up to speed with modern technologies.

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Capital One Entertainment: Your Ticket to a Different Redemption

Nerd Wallet

Capital One Entertainment is a ticketing platform that allows eligible Capital One cardholders to redeem credit card rewards for tickets and exclusive experiences at sports games, music performances and other events. Capital One Entertainment: The basics Powered by online event-ticket marketplace Vivid Seats, Capital One Entertainment allows cardholders to redeem rewards for tickets and packages.

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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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Financial Center First Credit Union Repossession

Indiana Consumer Law Group

Indiana Consumer Law Group announces the filing of a lawsuit against Financial Center First Credit Union, a credit union located in Indianapolis, Indiana. The lawsuit alleges that Financial Center First Credit Union repossessed our client’s car. It then sent her a letter titled “Notice of Our Plan to Sell Property” which advised her that her car would be sold at auction at Indianapolis Car Exchange, a dealer-only auction located in Whitestown, Indiana and gave her a specific da

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Eighth Circuit Holds Text System That Randomly Selects Phone Numbers From Database Does Not Qualify as ATDS

Troutman Sanders

On March 24, the Eighth Circuit Court of Appeals issued an opinion , upholding separate district court decisions finding that a system that sends promotional text messages to phone numbers randomly selected from a database of customer information is not an automatic telephone dialing system (ATDS) under the Telephone Consumer Protection Act (TCPA). The concise opinion espouses a common sense reading of the word “produce,” finding that the word requires an ATDS to generate a random number, rather

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What Is An Aged Debtor Report?

Taurus Collect

An aged debtors/ receivables report lists down all the unpaid sales invoices of your business. It displays the overall amount of money each customer owes you on a given date. Hence, this debtor report lists down the total amount of your monthly debts by giving you a breakdown for each customer. This further allows you to drill down and see the invoice number, the amount due, and the specific date for which the amount is due.

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Ninth Circuit Reversal of Trial Court Order Equals Big Win for Payors

Troutman Sanders

On March 22, the Ninth Circuit reversed the trial court’s order and underlying decision in Wit et. al. v. United Behavioral Health and Alexander et al. v. United Behavioral Health (Case Numbers 20-17363, 20-17364, 21-15193, and 21-15194). In doing so, the court undid a pair of orders that had required UnitedHealthcare Group, Inc.’s (United) behavioral health unit to reprocess thousands of claims for substance abuse and mental health treatment after finding United’s coverage guidelines were impro

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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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Managing Partner Charles B. Jimerson Honored as one of America’s Top 100 Attorneys

Jimerson Firm

Jacksonville, Fla—March 24, 2022—Jimerson Birr Managing Partner Charles B. Jimerson, Esq. has been named as one of America’s Top 100 Attorneys® for lifetime achievement, an honor only.05 percent of attorneys in the United States will receive. Lifetime selection is not achieved based on a single accomplishment or a single great year of success, but on a lifetime of hard work, ethical standards, and community-enriching accomplishments that are inspiring among the legal profession.

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Another California Court of Appeals Weighs In On Availability of Attorneys’ Fees under the FTC’s Holder Rule

Troutman Sanders

On March 22, California’s Fifth Appellate District Court of Appeals issued a decision on the availability of attorneys’ fees under the Federal Trade Commission’s (FTC) Holder Rule. This case follows recent FTC guidance and two decisions from California’s Second Appellate District Court of Appeals holding that the Holder Rule does not bar recovery of attorneys’ fees in excess of the amount paid pursuant to the contract.

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Is Walmart Targeting Your Law Firm? What Alternative Business Structures Will Mean for Small Firms

NCBA Law Practice Management Blog

Small law firms generally have it pretty good, in that they’ve mostly had to compete only against other small law firms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. Now, over the course of time, cracks have been made in that armor, as organizations like LegalZoom have addressed services for legal consumers in an entirely different way – by focusing on products (document delivery), at more cost-effective prices than most law