Tue.Mar 15, 2022

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Judge Grants Summary Judgment for Defendant in FDCPA Case Over Multiple Addresses on Payment Coupon

Account Recovery

In a case that was defended by Rick Perr and Monica Littman of Kaufman Dolowich & Voluck, a District Court judge in New York has granted a defendant’s motion for summary judgment in a class-action Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to sue because he did not suffer a concrete … The post Judge Grants Summary Judgment for Defendant in FDCPA Case Over Multiple Addresses on Payment Coupon appeared first on AccountsRecovery.net.

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CFPB Targets Unfair Discrimination in Consumer Finance

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations to better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.

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What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

Filing for bankruptcy is an important step for many individuals looking to overcome debts. Many people considering this option wonder what will happen to their investment real estate if they file. Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy.

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Make Sure to Verify a Debt Collection Affidavit Before Signing

FFGN COLLECT NY

It’s important you verify the information contained in a debt collection affidavit before you sign it. An affidavit is sworn testimony used to support your debt collection case. As with any signed document, you are “charged” with having read it and if it’s untrue, you run the risk of perjury and more. Such is the case again with Chase. In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits.

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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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What Is a Virtual Credit Card Number?

Nerd Wallet

A virtual credit card number is a limited-use code tied to a credit card you already have. You can request a one-time virtual credit card number from your card issuer, if it offers this feature, to use for an online purchase. Why use a virtual credit card number? It can make online shopping more secure. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Best Oil ETFs for Spring 2022

Nerd Wallet

Crude oil prices have risen over $100 a barrel since Russia’s invasion of Ukraine, and the average gas price in the U.S. has shot above $4 a gallon. If you’re curious about investing in oil, oil ETFs are an easy way to do so. What are oil ETFs? Oil ETFs, or exchange-traded funds, are baskets. Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.

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Nevada Transiting Collection Agency Related Licenses to NMLS

Troutman Sanders

On February 3, the Nevada Financial Institutions Division (NFID) issued a bulletin, stating that any licensed collection agency or manager must transition their license to the Nationwide Multistate Licensing System (NMLS) by June 30. Licensees that do not submit a request to transition by June 30 will see their licenses expire without an option for reinstatement.

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5 Things to Know About Guaranteed Universal Life Insurance

Nerd Wallet

Guaranteed universal life insurance, or GUL, is sometimes referred to as the Goldilocks policy. It strikes a balance between term and permanent life insurance that can be cost-effective for consumers, says John Keddy, senior principal at Aite-Novarica Group, a financial advisory firm. But this type of coverage makes up only 1% of individual life insurance.

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How To Collect Opt-In Consent Using Collection Letters

Arbeit Software

If you are already using letters for collection, this is a great place to include information about other channels you have available, as well as how consumers can reach you on those channels. Our Product Manager Kaitlyn shares two ways to get started collecting opt-ins via your letters. The post How To Collect Opt-In Consent Using Collection Letters appeared first on Arbeit -.

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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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How to Redeem 35K-Point Marriott Certificates at (Former) Category 7 Hotels

Nerd Wallet

Marriott loyalists received unwelcome news in late 2021 when it was revealed that the Bonvoy program would be dropping its award chart this month. This follows the trend of several other hotel programs, whose moves toward dynamic pricing mean that predicting reward redemptions may become much more difficult. Marriott maintains that despite the change, 97%.

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How could filing for bankruptcy save your marriage?

Roths Child Law

Money is one of the key factors that couples argue about. Unsurprisingly it is also a major factor in the breakup of marriages. People in relationships that are fine when the money flows can soon become divided by suspicion and guilt when the debts pile up. Functional relationships depend on good communication. If you feel so guilty about your debts that you keep them a secret from your partner, they may question what else you have been hiding from them when they discover it.

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Analysis: Taxpayers Waste Billions on Filing Federal Returns

Nerd Wallet

It’s a worthwhile aim: Make the annual filing of federal income taxes both easier and free for millions of Americans. But although those have been explicit goals of the IRS Free File program since its inception nearly 20 years ago, the revenue service and an alliance of several tax software companies fall considerably short, and. Elizabeth Renter writes for NerdWallet.

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Some first thoughts about methodological problems with the Chamber of Commerce Arbitration Study

Public Citizen

by Jeff Sovern. The Chamber of Commerce has released a study about arbitration. I paste in immediately below the relevant portion of the press release, and then I identify some methodological issues with the study. A new study released today by the U.S. Chamber of Commerce Institute for Legal Reform found that consumers and employees win more money, more often, and more quickly through arbitration than in litigation.

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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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Chase Announces 5% Bonus Categories for Q2 2022: Amazon, Streaming

Nerd Wallet

Stay-at-home activities continue to reign supreme for many, and for the second quarter of 2022 Chase is featuring bonus categories that will reward you for some online and streaming-related spending. From April 1, 2022, to June 30, 2022, the Chase Freedom Flex? and the Chase Freedom® earn 5% back on up to $1,500 in combined. Funto Omojola writes for NerdWallet.

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Register Now: Teaching Consumer Law in the New Normal- Keynote speaker, Richard Cordray

Public Citizen

Presented by the Center for Consumer Law, University of Houston, and the Center for Consumer Law & Economic Justice, UC Berkeley. Live in Santa Fe, New Mexico. May 20-21, 2022. Conference for Clinical Faculty, May 19th.*. It may seem like forever since there has been an in-person conference. but we are proud to present the twelfth biennial international Teaching Consumer Law Conference.

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How to Save Money on College Tours

Nerd Wallet

The college application process can be an exciting time, but also an expensive endeavor. Those application fees can quickly add up to hundreds of dollars, while college visits can tally into the thousands. Here, we’ll take a look at some tips to help you better solve how to save money on college tours. 6 tips. Kendra Collins writes for NerdWallet. Email: travel@nerdwallet.com.

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Michigan HB 4722 Would Limit Local Governments’ Ability to Regulate Short-Term Rentals

Fraser

Local communities will be limited in their ability to regulate short-term housing rentals if a bill passed by the Michigan House of Representatives, House Bill 4722 (“HB 4722”), becomes law. HB 4722 would amend the Michigan Zoning Enabling Act to establish that the rental of a dwelling, including a short-term rental: Is a residential use of property that is permitted in all residential zoning districts.

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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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American Airlines Loyalty Points Aren’t as Easy to Earn as You Might Think

Nerd Wallet

In October 2021, American Airlines announced a new “reimagined” program for earning AAdvantage elite status. Starting Jan. 1, 2022, American Airlines AAdvantage members now earn AAdvantage elite status based on “Loyalty Points” — rather than needing to meet Elite Qualifying Dollar, Elite Qualifying Mile and Elite Qualifying Segment thresholds. The promise of the Loyalty Points.

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How to get your invoices paid faster as an automotive and transport entrepreneur

On Guard

Every entrepreneur struggles with the question: how do I get my invoices paid faster? Also in the automotive and transport sector, you can still gain a lot with a better order-to-cash process. We will help you on your way with four tips. The good news is that the number of days that an invoice is outstanding (the DSO) at companies is steadily reducing in recent years.

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Senate Bill Introduced to Ban Forced Consumer Arbitration Clauses

Troutman Sanders

U.S. Senator Sherrod Brown (D-OH), chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, has introduced the Arbitration Fairness for Consumers Act. The legislation, introduced on March 7, proposes to amend Title X of the Consumer Financial Protection Act of 2010 to prohibit pre-dispute arbitration agreements and class-action waivers in contracts for consumer financial products or services.

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