Account Recovery

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans. The consent order, against Better Future Forward, requires the company to stop misleading borrowers, eliminate prepayment penalties, and provide required disclosures … The post CFPB Takes Enforcement Action Against ISA Provider appeared first on Ac

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Nerd Wallet

SEPTEMBER 8, 2021

In an era where mask requirements flip back and forth, rules are relaxed and then restricted, and COVID-19 cases increase after they just decreased, you’re probably not keen on booking travel too far in advance. And there’s one more reason why you might not want to book in advance anyway: It’s often cheaper to book. Sally French writes for NerdWallet.

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Account Recovery

SEPTEMBER 8, 2021

If there was any lingering doubt among the minds of anyone in the accounts receivable management industry that the Consumer Financial Protection Bureau was not going to put Regulation F into effect on November 30 — those doubts can be put to rest. The CFPB has taken the official step of withdrawing its proposed rule … The post CFPB Officially Withdraws Proposal to Extend Enactment Date of Regulation F appeared first on AccountsRecovery.net.

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Nerd Wallet

SEPTEMBER 8, 2021

Travel has been picking up lately as countries and states have been reopening for tourism. If you’re thinking of traveling internationally, the Centers for Disease Control and Prevention recommends that you get fully vaccinated so that you’ll be less likely to catch and spread the coronavirus. However, even after you’ve been vaccinated, there are things.

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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.

Account Recovery

SEPTEMBER 8, 2021

A District Court judge in Mississippi has denied a defendant’s motion to stay a Hunstein case, ruling that it did not meet its burden of “establishing a clear case of hardship or inequity,” and because the Eleventh Circuit has not yet “agreed to take the rare step of” granting the petition to rehear the underlying … The post Judge Denies Stay in Hunstein Copycat Case appeared first on AccountsRecovery.net.

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Account Recovery

SEPTEMBER 8, 2021

The Federal Communications Commission has announced it is seeking comments from the public related to a petition for declaratory ruling that asks the regulator to clarify whether a ringless voicemail constitutes a call under the Telephone Consumer Protection Act’s prohibitions against using an automated telephone dialing system to contact an individual on his or her … The post FCC Seeks Comment on Ringless Voicemail Petition appeared first on AccountsRecovery.net.

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Jimerson Firm

SEPTEMBER 8, 2021

Different situations can lead to a corporate buyout. As a business move, a majority shareholder may seek to buyout the minority shareholders, or one company may seek to acquire a majority of another company’s shares. Buyouts may also be contractually forced under a company’s governing documents or legally forced by courts pursuant to a statute. In the context of a forced buyout, if parties cannot agree to the share value, the court may have to make a determination as to the fair value of the

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Account Recovery

SEPTEMBER 8, 2021

The Attorney General of Massachusetts has reached a settlement with a debt collection that will see the collector pay $2.25 million and agree to change its business practices after it was accused of violating the state’s law on call frequency, collecting on time-barred debts without disclosing that the debts were time-barred, and using false and … The post Collector Settles With Mass.

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Nerd Wallet

SEPTEMBER 8, 2021

A 529 plan can be a great way to save for college, if you know the rules and how to optimize your investment. What is a 529 plan? A 529 plan is a type of savings and investment account in which money grows tax-free as long as the withdrawals are for qualified education expenses. They are named. Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.

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Education 96

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Collections

Account Recovery

SEPTEMBER 8, 2021

COLLECTOR SETTLES WITH MASS. AG, PAYS $2.25M FINE The Attorney General of Massachusetts has reached a settlement with a debt collection that will see the collector pay $2.25 million and agree to change its business practices after it was accused of violating the state’s law on call frequency, collecting on time-barred debts without disclosing that … The post Daily Digest – September 8.

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Nerd Wallet

SEPTEMBER 8, 2021

Cleaning businesses face risks unique to their industry. A worker could knock over a client’s valuable vase while dusting a mantel or accidentally spray a caustic cleaning agent into their own eyes, requiring medical treatment. Unless you’re protected by business insurance, your company could be responsible for paying those replacement costs or medical expenses.

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Consumer Finance

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing LendUp Loans, LLC of violating a 2016 consent order and deceiving tens of thousands of borrowers.

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Loans 72

Nerd Wallet

SEPTEMBER 8, 2021

WooCommerce and Shopify are two of the most widely used e-commerce platforms in the world — but that’s pretty much where the similarities end. The approach each platform takes in delivering its service is vastly different. Here’s what you need to know to decide which of these options might be right for your small business. WooCommerce: The. Matthew Speiser writes for NerdWallet.

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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?

Banks

Sawin & Shea

SEPTEMBER 8, 2021

It’s normal to have a lot of questions about the process and impact of bankruptcy. Even though there are hundreds of thousands of Americans who file for bankruptcy every year, it is still a pretty mystifying experience for most people. That’s one of the reasons why you should always have someone on your side during the bankruptcy process; it’s so important that you have someone available to answer your questions and guide you through the bankruptcy experience.

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Nerd Wallet

SEPTEMBER 8, 2021

A Realtist is a real estate professional who is a member of the National Association of Real Estate Brokers, an equal rights organization focused on serving people of color. NAREB’s mission is “democracy in housing,” which is the right for people of every race, color or creed to become homeowners. NAREB, the oldest minority real. Linda Bell writes for NerdWallet.

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Sawin & Shea

SEPTEMBER 8, 2021

It’s normal to have a lot of questions about the process and impact of bankruptcy. Even though there are hundreds of thousands of Americans who file for bankruptcy every year, it is still a pretty mystifying experience for most people. That’s one of the reasons why you should always have someone on your side during the bankruptcy process; it’s so important that you have someone available to answer your questions and guide you through the bankruptcy experience.

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Nerd Wallet

SEPTEMBER 8, 2021

When you have a loved one with a disability or functional needs, planning ahead and creating financial security for them is likely a top priority. How can you offer financial support without negatively affecting any means-tested government benefits they’re receiving or may receive in the future? A special needs trust is one solid solution. What. Elizabeth Ayoola writes for NerdWallet.

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Collections

Consumer Finance

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today released a report on the agreements signed between credit card issuers and colleges, or organizations affiliated with colleges, finding that the market for college credit cards continued its general trend of decline in 2020.

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Financial services 52

Nerd Wallet

SEPTEMBER 8, 2021

You can lower your car payment, but the strategy you choose depends on your personal financial situation. Maybe you financed your car at the dealership and now realize you could have qualified for a loan with a lower rate and payment. Perhaps you bought a more expensive car than you could realistically afford. Your credit. Shannon Bradley writes for NerdWallet.

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Loans 68

PBWT

SEPTEMBER 8, 2021

Debtors and trustees seeking to avoid the hardship of a foreclosure often attempt to employ sections 547 and 548 of the Bankruptcy Code. [1] In accordance with the former section, a debtor may avoid any transfer of an interest in property “on or within 90 days before the date of the filing of the petition.” When there is an allegation of a fraudulent transfer, the latter section provides, “The trustee may avoid any transfer. incurred by the debtor that was made or incurred on o

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Nerd Wallet

SEPTEMBER 8, 2021

With both its Essentials and Enterprise subscription options, BigCommerce is a popular solution among smaller and larger businesses alike. If you’ve found, however, that BigCommerce hasn’t met your specific business needs — or you simply want to consider all of your options before making a decision, you may be searching for some good alternatives. These 10 options.

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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.

Troutman Sanders

SEPTEMBER 8, 2021

We are pleased to announce that Troutman Pepper attorney Sadia Mirza will be presenting during the NetDiligence Cyber Risk Summit at the Loews Santa Monica Beach Hotel in California. This conference features two full days of panel discussions by leading cyber experts who will share their insights on hot topics, trends, and cybersecurity concerns. Sadia will be moderating the panel, “How 2020 Has Blurred Attorney Client Privilege in Incident Response” on Tuesday, October 5, 2021 at 11:40 a.m.

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Burr Forman

SEPTEMBER 8, 2021

India Vincent, Burr & Forman’s Chief Privacy Officer and Chairwoman of the firm’s Intellectual Property, Data Privacy and Cybersecurity practice group, was profiled in a Q&A by Law.com as part of the publication’s “How I Made Law Firm Leader” series. In addition to detailing her career arc from beginning her career at the firm to her current leadership roles, Vincent provides insights and valuable takeaways for success in the legal profession.

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Troutman Sanders

SEPTEMBER 8, 2021

In Wadsworth v. Kross, Liberman & Stone, Inc. , the Seventh Circuit Court of Appeals reversed a district court’s entry of summary judgment for the plaintiff in a Fair Debt Collection Practices Act (FDCPA) case and remanded the case with instructions to dismiss for lack of jurisdiction. In its holding, the court emphasized that in order to establish Article III standing, a plaintiff must establish concrete harm that he/she would not have incurred had the debt collector complied with the FDCPA

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Payment Savvy

SEPTEMBER 8, 2021

2020 was a very challenging year. And while everyone felt the impact of the COVID-19 pandemic, business owners were among those who were hit most. Many small businesses had to reinvent themselves to thrive during this time. But, this year, with individuals being vaccinated, things are slowly returning to normal. And while businesses will continue reinventing, there’s hope for growth in this sector.

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