Thu.Jul 01, 2021

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Judge Partially Denies Defendant’s Motion for Judgment in FCRA, FDCPA Case Over Removal of Dispute Notification

Account Recovery

Navigating the rough waters of credit reporting is tough sailing oftentimes. Even when a company tries to do the right thing, problems can arise. One defendant is learning that after a District Court judge in Missouri partially granted and partially denied its motion for judgment on the pleadings in a Fair Credit Reporting Act and … The post Judge Partially Denies Defendant’s Motion for Judgment in FCRA, FDCPA Case Over Removal of Dispute Notification appeared first on AccountsRecove

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Financial Vital Signs to Monitor Right Now

Nerd Wallet

A midyear financial review is often a good idea. This year, it’s almost essential. With people going back to offices, travel resuming and Congress making significant changes to various laws affecting your finances, consider taking some time to check in on your money. You might be able to make some smart moves to reflect the. Liz Weston writes for NerdWallet.

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New Florida TCPA Bill Signed Into Law and Now in Effect; Kaminski Breaks Down What You Need to Know

Account Recovery

To quote Ron Burgundy, “That escalated quickly.” From wondering whether a bill in Florida aimed at creating its own state version of the Telephone Consumer Protection Act would ever make it to the governor’s desk to the bill becoming law and going into effect feels like it took less than the time to type out … The post New Florida TCPA Bill Signed Into Law and Now in Effect; Kaminski Breaks Down What You Need to Know appeared first on AccountsRecovery.net.

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Charles Jimerson Interviewed by NBC 6 South Florida to Offer Legal Insight on Surfside Condo Collapse

Jimerson Firm

NBC 6 South Florida interviewed managing partner Charlie Jimerson to discuss the recent Champlain Towers South building collapse in Surfside, Florida. He provided expert legal insight on the role of condominium and homeowners associations in Florida and discussed potential regulation changes the state may see in the aftermath of this tragic event. WATCH NOW.

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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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Getting to Know Kelsi Hamilton of Dynamic Collectors

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 Kelsi Hamilton o

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Paul Hammer Joins Barron & Newburger

Account Recovery

HOUSTON, TEXAS, UNITED STATES, June 30, 2021 — Paul Hammer, an experienced and well-regarded bankruptcy and reorganization counsel specializing in complex commercial matters, has joined Barron & Newburger, P.C. as a senior attorney managing the firm’s new Houston office. Paul will work with the firm’s Bankruptcy and Reorganization Practice Group, growing the firm’s presence in … The post Paul Hammer Joins Barron & Newburger appeared first on AccountsRecovery.net.

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Refreshed AmEx Platinum Boosts Annual Fee to $695, Beefs Up Benefits

Nerd Wallet

In a refresh of the iconic luxury travel card, The Platinum Card® from American Express has raised its annual fee to one of the highest in the industry. But it also beefed up its many benefits and is launching a huge welcome bonus for new cardholders. As of July 1, 2021, the card’s annual fee. Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com.

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Penn. Legislature Passes Bill Allowing State Courts to Hire Private Collection Agencies

Account Recovery

The Pennsylvania legislature has passed a bill that will allow state courts in the Commonwealth to place accounts private collection agencies to pursue individuals with overdue court fines and costs. The bill, SB 516, has been presented to Pennsylvania Gov. Tom Wolf for his signature or veto. The bill passed in the state Senate by … The post Penn.

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Contractors and Owners in Florida Beware: Higher Interest Rates and Increased Penalties for Withholding or Misapplying Construction Funds

Jimerson Firm

On July 1, 2021, Florida Senate Bill 378 takes effect and amends a number of Florida Statutes governing prompt payment on various types of Florida construction projects. These changes to Florida law result in increased penalties for withholding or misapplying construction funds by increasing interest rates on overdue balances and mandating the suspension of construction licenses.

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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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Daily Digest – July 1. Getting to Know Kelsi Hamilton of Dynamic Collectors; Judge Partially Denies Motion for Judgment in FCRA, FDCPA Case

Account Recovery

GETTING TO KNOW KELSI HAMILTON OF DYNAMIC COLLECTORS From emptying the garbage cans to ACA Unit Leader of the Year. If Kelsi Hamilton can come this far, then the sky is the limit for what the future holds for the Director of Compliance and Legislative Affairs at Dynamic Collectors in Chehalis, Wash. Principled and dedicated, … The post Daily Digest – July 1.

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TrueAccord Featured in Aite Group’s Spotlight on Disruptive Fintech

True Accord

In a recent report by the Aite Group , TrueAccord was featured in the inaugural edition of the “Retail Banking & Payments Fintech Spotlight” , which highlighted disruptive fintechs with a strong focus on technologies that improve the customer experience. Analysts from Aite Group selected the six featured fintech vendors exclusively based on their level of innovation and their interesting approaches to wider business challenges facing the retail banking and payments market from both bank and

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QuickBooks Desktop Premier Review 2021

Nerd Wallet

QuickBooks Desktop Premier is accounting software that users install locally on their own PCs. In addition to standard accounting features, Desktop Premier allows users to generate industry-specific reports and fulfill needs specific to certain industries, e.g., nonprofits, general contractors, manufacturers and wholesalers, retailers and professional services businesses.

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Venmo Charges Explained—How They Work and What You’re Really Paying For

Credit Corp

Venmo is a financial platform acquired by PayPal when it bought Braintree for $800 million in 2013. Venmo has competitors, but its reach is huge and its rise meteoric—especially with millennials and younger. In the fourth quarter of 2018, it processed 19 billion U.S. dollars—that’s 80% growth year-on-year. 1 Today, it has as many as 10 million users by some estimates.

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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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Mortgage Outlook: July Rates to Shrug and Stay the Course

Nerd Wallet

July mortgage rates forecast I think mortgage rates will stay about the same in July. The month’s average on the 30-year fixed-rate mortgage will be between 2.8% and 3% annual percentage rate. That’s within one-tenth of a percentage point on either side of June’s average of 2.9%. I think they’re more likely to go up. Holden Lewis writes for NerdWallet.

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Maryland Court Discharges Student Debt

PBWT

As we reported, on June 21, 2021, the U.S. Supreme Court declined to revisit the rigid Brunner standard for determining “undue hardship” capable of discharging student debt. The same day, United States Bankruptcy Judge Michelle M. Harner applied the Brunner standard , discharging $178,000 of student debt. Judge Harner explained that “[a]lthough the Bankruptcy Code[] reflects Congressional intent to provide debtors with as broad of a discharge as possible, Congress has expressly

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Chase Brings Back 5% Grocery Offer for Freedom Unlimited and Freedom Flex

Nerd Wallet

Beginning July 1, 2021, new Chase Freedom Unlimited® and Chase Freedom Flex? card holders will once again earn 5% cash back at grocery stores (excluding Target and Walmart) on up to $12,000 spent in the first year. That’s in addition to the existing bonus offered on both cards: Earn a $200 Bonus after you spend $500. Sara Rathner writes for NerdWallet.

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Is E-commerce a Viable Business Avenue Post-COVID?

Credit Corp

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. As the pandemic peaked and stores closed their doors, e-commerce accelerated in growth to become a steady crutch for businesses (and people) to lean on during unprecedented times. Global e-commerce sales rose to $26.7 trillion in 2020 , which is equivalent to 19% of all retail sales.

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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 to Cancel a Flight With Travel Insurance

Nerd Wallet

Travel insurance can reimburse you for the nonrefundable portion of your flight expenses when you have to cancel a trip due to serious illness, a death in the immediate family, natural disaster or other reason specifically covered by your policy. But to make sure your claim is processed, you need to cancel your flight and. Lee Huffman writes for NerdWallet.

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Just over one week to go: Why enter the inaugural CSA Awards 2021?

CSA

Chris Leslie is CEO of Credit Services Association. At the UK Credit & Collections Conference 2021 Gala Dinner (which will go ahead as a face-to-face event at the Crowne Plaza in Newcastle on 9 September), we will be presenting the inaugural members-only CSA Awards. So why should you enter? Celebrating the outstanding work and commitment of people working in our sector in response to Covid-19.

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Can I Consolidate My Student Loans More Than Once?

Nerd Wallet

Find the latest on $10,000 debt cancellation: Updates on Biden student loan forgiveness plans Paused student loan payments: Details on the federal student loan forbearance Details on free college: White House proposes free college tuition. Help for current students: Emergency COVID-19 relief for students In certain cases, you may be able to consolidate your.

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International Money Transfer Myths That Needs To Debunked

TAMSEY

Nowadays technology has come so far that sending money overseas has become a minute task. This is because of the several apps that offer quick and convenient money transfers to users. But, people hesitate to adopt online money transfer modes due to some myths that are rolling around. This is where we at Tamsey have come up with a motive to debunk those myths with our versatile online international money transfer platforms.

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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 Undo Reconciliation in QuickBooks Online

Nerd Wallet

Reconciling your accounts is an important step in your business accounting process. Usually, reconciliation signals all the information in your books has been verified against an outside source and the books are ready to be closed for the month. In other words, reconciliation is typically final. From time to time, it is necessary to undo reconciliation.

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CFPB Updates Electronic Fund Transfers FAQs

Troutman Sanders

On June 4, the Consumer Financial Protection Bureau (CFPB) issued a frequently asked question and answer guide. Regulation E, in part, establishes limitations on a consumer’s liability and requires investigations of consumers’ claims of unauthorized electronic fund transfers. This FAQ concerns unauthorized transfers governed by Regulation E. The first and second questions deal with a third party fraudulently inducing a consumer to make an electronic fund transfer and share account access informa

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Avios Cards Hike Sign-Up Bonuses to 100K for New Cardholders

Nerd Wallet

The British Airways Visa Signature® Card, Aer Lingus Visa Signature® Card and Iberia Visa Signature® Card are doubling their sign-up bonuses for new cardholders. The cards, issued by Chase, phrase their new sign-up bonus like this: Earn 100,000 Avios after spending $5,000 in 3 months. Other incentives for holders of these cards include: 5 Avios per.

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Collection Agency for Storage Warehouses and Moving Companies

Nexa Collect

With so many people moving all across America, storage and moving companies are in huge demand. However, many customers do not pay on time, leaving the storage unit’s rent overdue by many months. Most customers who do not pay their dues know that the value of goods inside the storage unit is not worth paying the accrued rent, plus the additional expenses and effort to transfer the goods.

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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.