Fri.Jun 11, 2021

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Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for a laundry list of alleged violations of the Fair Debt Collection Practices Act in a letter that was sent to the plaintiff while also declining a motion from the plaintiff to strike an affidavit and … The post Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter appeared first on AccountsRecovery.net.

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What Is Crypto Banking?

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. What is crypto banking? Let’s start with the “crypto” part. Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking.

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Spire Recovery Solutions Donates to Shriners Hospitals for Children

Account Recovery

Spire Recovery Solutions, a professional and nationally licensed full-service debt collection agency located in Lockport, New York, announces a $1500 donation to the Shriners Hospitals for Children. Shriners is a nationwide network of non-profit medical facilities that provides specialized pediatric care regardless of families’ ability to pay. “In these difficult times, we all have the … The post Spire Recovery Solutions Donates to Shriners Hospitals for Children appeared first on Accounts

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The Economics of How to Run a Haunted House

Nerd Wallet

Visiting a haunted house is a time-honored tradition during Halloween season. The months of September, October, and even into November are prime time for getting scared half to death by people in elaborate, grizzly costumes and terrifying props. It’s also (assuming you’re visiting a haunted house for entertainment purposes and not just some random abandoned.

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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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Tips to Hire The Best Candidates, Even in a Tough Job Market

Account Recovery

It might not seem like much until you sit down and actually quantify it, but hiring a job applicant who is not a good fit for your company can be a very costly mistake. Not just in the money that you spend on screening, training, and compensating the employee, but the money it takes to … The post Tips to Hire The Best Candidates, Even in a Tough Job Market appeared first on AccountsRecovery.net.

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Daily Digest – June 11. Judge Grants MSJ for Defendant in FDCPA Case Over Letter; Tips to Hire the Best Candidates, Even in a Tough Job Market

Account Recovery

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER COLLECTION LETTER A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for a laundry list of alleged violations of the Fair Debt Collection Practices Act in a letter that was sent to the plaintiff while also … The post Daily Digest – June 11.

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The Worsening State of Mortgage Affordability in 2021

Credit Corp

In a Nutshell. According to a recent study by Point2 , new homeowners in over 51 of the 100 largest cities in the US are spending more than 30% of their income on mortgage payments. This goes against the common wisdom of financial advisors that says homeowners should avoid spending more than 28% of their gross income on their mortgage. In this post, we’ll discuss the findings and try to find out what it means for new homeowners in 2021.

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One-Third of Consumers Find Errors on Credit Reports: Study

Account Recovery

More than one-third of individuals participating in a study organized by Consumer Reports found at least one error on their credit report, leading the advocacy group to call on furnishers — including debt collectors — to be required to follow stronger standards to ensure the accuracy of information contained in credit reports. A copy of … The post One-Third of Consumers Find Errors on Credit Reports: Study appeared first on AccountsRecovery.net.

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How to Create an Invoice in QuickBooks

Nerd Wallet

If QuickBooks is your business accounting software of choice, you’ll need to know how to create an invoice with the program. Both QuickBooks Online and Desktop versions enable you to quickly and easily create invoices for your customers. » MORE: NerdWallet’s best small-business apps How to create an invoice in QuickBooks Desktop There are three different.

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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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Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at the request of the Insolvency service. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law.

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How to Start a Wholesale Business and Keep It Successful

Nerd Wallet

If you’re an entrepreneur who wants to start a business and make a profit, getting into wholesale distributorship can be a great choice As a wholesaler, you’ll provide products to other companies for a profit. It can seem overwhelming, though, to think of everything that goes into how to start a wholesale business: financial planning, Sally Lauckner writes for NerdWallet.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

Fico Collections

We all purchase insurance policies for one fundamental reason – to protect against unexpected events. No one plans to have an automobile accident or to have a tree fall on their home, and insurance provides valuable peace of mind that, should significant unexpected events such as these occur, they don’t translate into financial hardships or major life disruptions.

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Time Tracking Apps: The 3 Best Apps on the Market

Nerd Wallet

When you’re a small-business owner looking for the best time tracking apps, you want to make sure you choose the right one out of the gate. How do you decide which one is right for you? I’ve spent years interacting with dozens and have to say that the below three are my favorite. I’ve reviewed each of these. Seth David writes for NerdWallet. Email: sdavid+wpguestuser@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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India Vincent Discusses Ransomware Surge and Prevention for Part B News

Burr Forman

As ransomware attacks continue to rise across industries and make national headlines, Burr & Forman Chief Privacy Officer India Vincent discussed the rising trend and risk management in the healthcare publication Part B News. Data from UK-based IT company Comparitech counted 92 ransomware attacks involving healthcare in 2020, which compromised 12.3 million patient records.

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Loans for Self-Employed Workers: Personal and Business Options

Nerd Wallet

If you’re self-employed, you’re probably used to jumping through a few extra hoops when it comes to finances. Applying for a loan is no different. For personal loans, self-employed workers have access to the same lending options as everyone else — though you’ll probably have to provide some extra documentation to prove to a lender. Rosalie Murphy writes for NerdWallet.

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Tax Sale Insiders! and William Hereford Discuss the Ins and Outs of Alabama Department of Revenue State Owned Property

Burr Forman

Birmingham Partner, Will Hereford , was a guest on Episode 3 of the Tax Sale Insiders! podcast, hosted by Brian Seidensticker. Brian and Will discuss the ins and outs of how to invest in Alabama Department of Revenue state owned property. To listen and view the podcast, click here. This was Will’s second interview by Tax Sale Insider. In his first interview, he took guests into the heart of Alabama sales tax with an in-depth overview from start to finish.

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Does Chime Offer a Business Bank Account?

Nerd Wallet

Chime is an online financial company that doesn’t offer business bank accounts. Instead, it specializes in personal spending and savings accounts. NerdWallet recommends keeping personal and business checking accounts separate. But if you were interested in a Chime business bank account for benefits like good interest rates and low fees, the alternatives below may offer.

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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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FTC Says: “Show Me the Money”

Troutman Sanders

On June 7, the Federal Trade Commission (FTC) announced a proposed settlement with MoviePass. And in an interesting twist, the FTC used the proposed settlement to announce a novel means of obtaining monetary relief. As you’ll remember from our prior commentary , the Supreme Court recently held in AMG Capital Management that Section 13(b) of the FTC Act does not authorize the FTC to obtain monetary remedies.

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How to Start a Car Detailing Business: A Step-by-Step Guide

Nerd Wallet

Anyone who is considering starting a business of their own wants to ensure there’s enough demand to sustain their new venture. Between the higher prices of new cars and longer vehicle lifespans, people are buying fewer new cars and driving their current vehicles longer. This is one factor that has led to increased demand for. Tim Stobierski writes for NerdWallet.

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AALS call for submissions on climate science and banking regulation

Public Citizen

We received the following call for submissions: The AALS Section on Financial Institutions and Consumer Financial Services invites submissions of no more than five pages for its session at the 2022 annual meeting of the AALS. Next year’s annual meeting will be held virtually from January 5-9, 2022, with the date and time of the Section’s session yet to be announced.

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Trial, Error and What I Learned About Money in My 20s

Nerd Wallet

Your 20s are a time of self-exploration, finding your footing as an adult — and likely making some money mistakes. To save you from learning the hard way — and pass on some knowledge as I enter my 30s — here are five money lessons from my past decade. Get serious about goals For several. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com.

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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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Wake Up To O2C Automation – A guest blog by HighRadius

CICM

An evolving technological ecosystem requires companies to keep up with advancements and make sure that they remain current with the times. The order to cash space has seen immense growth over the last decade, with the introduction of faster and more efficient processing methods being innovated. The latest Hackett study on CFO priorities in 2020 shows that 75% of organizations took steps to optimize working capital practices, and 79% intend to make these changes permanent to bolster cash flow.

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How to Find the Best Virtual Bookkeeping Service for Your Business

Nerd Wallet

In the world of small-business accounting, virtual bookkeeping services are becoming more and more common — so much so that the practice of bookkeepers traveling to meet with clients is becoming more of the exception than the rule. In fact, I will likely never meet most of my clients in person. It can be difficult. Seth David writes for NerdWallet. Email: sdavid+wpguestuser@nerdwallet.com.

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Business Exposure to Internet Crime

Burr Forman

Each year, the Internet Crime Complaint Center ( “IC3” ) of the Federal Bureau of Investigation publishes its Internet Crime Report. The IC3’s 2020 Internet Crime Report includes startling information about the continuing increase in internet crime. IC3 received from the American public 791,790 complaints of Internet crime in 2020, a 69% increase from 2019.

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Top 10 Restaurant Franchise Opportunities for 2021

Nerd Wallet

One of the best ways to get through to someone is through their stomachs. That’s why the restaurant industry has been such a lucrative business opportunity that stands the test of time. Food franchises alone make up 36% of the establishments and 48% of the annual financial output of the U.S. franchise industry. If you. Christine Aebischer writes for NerdWallet.

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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.