Tue.Mar 16, 2021

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NDOH Judge Grants MSJ for Defendant in FDCPA Case of Inclusion of ‘Interest’ in Letters

Account Recovery

A District Court judge in Ohio has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing to claim an injury after receiving collection letters that listed itemized columns for interest and other charges that were not accruing, because he didn’t do anything to … The post NDOH Judge Grants MSJ for Defendant in FDCPA Case of Inclusion of ‘Interest’ in Letters appeared first on AccountsR

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How Many Funds Should I Own to Save for Retirement?

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. The decision to invest to build long-term wealth is complicated by the plethora of choices. With thousands of funds available to U.S. investors, how.

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ACA International CEO Mark Neeb Refutes Claims that Debt Collectors are Targeting Economic Stimulus Checks

Account Recovery

March 15, 2021 – Washington, D.C. – ACA International CEO Mark Neeb released a statement today refuting claims that debt collectors are targeting economic stimulus checks. “ACA members are working hard to contact consumers who have fallen behind in payments to set up flexible plans that bridge the gap while fitting the needs of everyone … The post ACA International CEO Mark Neeb Refutes Claims that Debt Collectors are Targeting Economic Stimulus Checks appeared first on AccountsRecovery.ne

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Soon, Debt Collectors Can Contact You on Social Media

Sawin & Shea

A new rule will soon allow debt collection messages through social media. It’s expected to impact 1 in 4 adult Americans, or 70 million people , who have at least one bill in collections. On top of phone calls, emails, and text messages, the Consumer Financial Protection Bureau (CFPB) will allow debt collectors to message you through Facebook, Instagram, Twitter, and almost any other social media channel.

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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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Defendants Settle With FTC, Agree to Lifetime Ban From Collection Industry

Account Recovery

The Federal Trade Commission yesterday announced settlements in a pair of cases it brought under Operation Corrupt Collector, where each of the defendants have agreed to lifetime bans from working in the collection industry and will turn over all the money in their bank accounts to satisfy more than $27 million in judgments that were … The post Defendants Settle With FTC, Agree to Lifetime Ban From Collection Industry appeared first on AccountsRecovery.net.

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McHenry Bill Aims to Exclude Paid Medical Debts From Credit Reports

Account Recovery

A bill has been introduced by Rep. Patrick McHenry [R-N.C.], the ranking member of the House Financial Services Committee, that would amend the Fair Credit Reporting Act to exclude paid, non-elective medical debts from a consumer’s credit report and prohibit credit reporting agencies from using Social Security numbers for verification purposes, among other provisions.

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Cash Flow Problems: How To Improve Cash Flow When Facing Insolvency

Hudson Weir

Cash flow problems can cause serious issues for businesses if left unresolved, and can even lead to company failure. In this article we’ll look at how to identify and solve cash flow problems so that your business can thrive. What is a cash flow problem? If you have a cash flow problem, it means the amount of money coming into your business is not enough to cover accounts payable.

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Daily Digest – March 16. Judge Grants MSJ Over Inclusion of ‘Interest’ in Letters; Collectors Banned From Industry in Settlement with FTC

Account Recovery

NDOH JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER INCLUSION OF ‘INTEREST’ IN LETTERS In a case that was defended by the Law Office of Boyd Gentry, a District Court judge in Ohio has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing … The post Daily Digest – March 16.

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Utility Bill FAQs

Credit Corp

Depending on where you live, your utility bills could range from $100 to more than $500 per month. The average monthly utility costs in the US are just over $400, according to Move.org. Utility costs can be a significant burden on your budget. And if you don’t have a good credit rating , you might have to put down a sizable deposit or jump through other hoops during the setup process.

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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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Judge Grants MTD on Claim Collector Name Viewable Through Envelope Window Violates FDCPA

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a claim in a class-action suit that it violated the Fair Debt Collection Practices Act by allowing its name — Unifund CCR — to be viewed through a glassine window on an envelope containing a collection letter, rejecting the plaintiff’s argument … The post Judge Grants MTD on Claim Collector Name Viewable Through Envelope Window Violates FDCPA appeared first on AccountsRecovery.net.

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5 Things to Know About the Nissan Visa Credit Card

Nerd Wallet

The Nissan Visa Credit Card, issued by Synchrony Bank, may be worth considering for current or potential Nissan drivers. The $0-annual-fee card features a special financing promotion and offers generous rewards that can be earned and redeemed at Nissan dealerships. However, the promotional financing comes with some caveats, and redeeming rewards on anything other than.

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NRA Group Partners with Interactions to Drive Collections Industry Forward

Account Recovery

FRANKLIN, MA – March 16, 2021: Interactions, one of the world’s largest standalone conversational artificial intelligence (AI) companies, today announced that NRA Group, a leading accounts receivable management (ARM) company, has deployed a sophisticated Interactions Virtual Collection Agent (VCA) in record time. Progressing from contract signature to first call in a few months, NRA Group is accelerating the … The post NRA Group Partners with Interactions to Drive Collections Industry Forw

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Citibank Business Checking: 2021 Review

Nerd Wallet

Citibank offers four main business checking accounts: CitiBusiness® Streamlined Checking, CitiBusiness® Flexible Checking, CitiBusiness® Analyzed Checking and CitiBusiness® Interest Checking. Citibank also offers industry-specific banking programs designed for health care, legal, accounting and property management professionals, as well as the CitiBusiness® Preferred Banking programs, which allow you to customize a banking package for your unique.

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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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Manage Every Step in Your Digital Customer Communications Strategy

PDC Flow

Your payment collection agents have a lot of customer communication tasks to juggle on a daily basis. Between sending initial invoices or billing statements, tracking co payments and down payments and checking whether recurring payment schedules are set up (and if those payments are successful or failing), their days are full. Moving from paper notices to electronic invoicing and payment collection can alleviate some of the uncertainty that many businesses currently experience – especially if th

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Farmers Renters Insurance Review 2021

Nerd Wallet

As one of the nation’s largest insurers, Farmers offers a variety of useful features for renters, including several ways to customize coverage, a user-friendly app and the ability to manage a policy online. Although Farmers’ renters insurance rates were higher than the national average in NerdWallet’s analysis, the company offers several discounts. Farmers renters insurance.

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What Is Distribution In Specie? A Guide

Hudson Weir

Outside of financial circles, it’s a relatively little-known term. However, distribution in specie can play a useful and important role in solvent liquidation procedures such as Members’ Voluntary Liquidations (MVL). In this article we define distribution in specie and investigate when and how it might be used. What is distribution in specie? Latin buffs will be able to tell you that “in specie” translates as “in its actual form”.

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Guide to British Airways Avios Transfer Partners

Nerd Wallet

There are plenty of ways to redeem British Airways Avios points, and many travelers choose to use their Avios to snag British Airways award flights or to upgrade existing reservations. But another excellent way to use them is to book partner airline flights. British Airways is a member of the Oneworld alliance, and it has. Natasha Gabrielle writes for NerdWallet.

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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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District of New Jersey Dismisses FDCPA Claim Based on Possible Internet Search of Debt Collector’s Name

Troutman Sanders

In Cassandra Valentine v. Unifund CCR, Inc. et al. , the District Court of New Jersey dismissed the plaintiff’s claim that a benign company name appearing on a debt collection letter through the glassine window of an envelope constituted a violation of the FDCPA if an internet search could reveal the name as belonging to a debt collector. After allegedly defaulting on a financial obligation, plaintiff Cassandra Valentine’s debt was purchased by Distressed Asset Portfolio III, LLC (DAP III).

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Bouncing Around the (Zoom) Room: Taking Advantage of Online Networking Opportunities

NCBA Law Practice Management Blog

Lawyers who relied totally on networking and the personal referrals generating therefrom have take a hit of late, as many of those in-person marketing opportunities have dried up, or been significantly reduced. It’s not the end of networking as we know it, even if it feels that way. A lot of those networking opportunities have moved online, and lawyers can now take advantage of broader marketing options via the web.

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NerdWallet’s Best Accounting Software for Amazon FBA Sellers

Nerd Wallet

For Amazon sellers using Fulfillment by Amazon, the best accounting software comes with comprehensive reporting, easy-to-use features and integrations with useful e-commerce apps — for instance, ones that can help with inventory tracking. Here are our top picks. QuickBooks Online: Best for robust reporting Learn more on QuickBooks' site. QuickBooks Online offers standout reporting capabilities.

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Another District Court Joins Creasy Split

TCPA

Recently, the Eastern District of Missouri added to the split among courts deciding whether they can hear TCPA claims alleging robocall violations that occurred when the now-invalidated government debt exception was part of the statute.

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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 Maximize the AmEx Blue Delta SkyMiles Credit Card

Nerd Wallet

Considering its vast availability across the U.S., Delta isn’t a bad choice for airline loyalty. This accessibility makes collecting Delta SkyMiles, its loyalty program currency, useful for most travelers. The Delta SkyMiles® Blue American Express Card can make flying Delta even better: It’s a no-annual fee-card that offers 20% back on eligible Delta in-flight purchases.

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California AG Announces Approval of Fourth Set of Modifications to CCPA Regulations

Troutman Sanders

On March 15, California Attorney General Xavier Becerra announced that the California Office of Administrative Law approved his fourth set of proposed modifications to the California Consumer Privacy Act’s (CCPA) implementing regulations ( Fourth Set of Modifications ), completing the finalization process. In announcing the approval of the Fourth Set of Modifications, Attorney General Becerra noted that these revisions intend to “ensure that consumers will not be confused or misled when seekin

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5 Sweet Spots for Redeeming Lufthansa Miles

Nerd Wallet

Lufthansa’s Miles & More frequent flyer program may not be a household name for U.S.-based travelers, but with valuable award redemption options, it should not go overlooked. The program offers reasonably priced awards and provides extra opportunities to book Lufthansa’s coveted first class. On top of that, Miles & More has some valuable sweet spots.

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5 Ways Criminals Could Take Advantage of Open Banking

Fico Collections

Open banking was unveiled to increase competition in financial services and enable third-party providers to offer valuable new services to consumers and business customers alike. But access to the opportunities open banking can offer hinges exclusively on customers consenting to share personal information with a wider number of companies. This fundamentally alters the relationship between account providers and their customers, and introduces new service providers, providing criminals with new op

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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.