Account Recovery

JUNE 21, 2021

A District Court judge in Washington has awarded two plaintiffs more than $60,000 in emotional damages in a bench trial after suing a collector for allegedly violating the Fair Debt Collection Practices Act because the defendant attempted to collect more than what was owed and for making false and misleading statements when attempting to collect. … The post Judge Awards $62k in Emotional Damages to Plaintiffs in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 242

Fair Debt Collection Collections Debt Recovery 242

Nerd Wallet

JUNE 21, 2021

Getting ready to sell your home? No matter the listing price, in today’s strong seller’s market, you may find yourself getting at least one cash offer. In March 2021, 23% of home buyers (including real estate investors) financed their purchases with cash, according to the National Association of Realtors. But are cash offers better for. Kate Wood writes for NerdWallet.

122

122

Account Recovery

JUNE 21, 2021

A proposed bill has been re-introduced in the Senate that would create a new consumer “watchdog” agency seeking to give individuals more control over their personal data. Called the “Data Protection Act of 2021,” the bill was introduced by Sen. Kirsten Gillibrand [D-N.Y.] with the intention of safeguarding consumer privacy and ensuring companies follow proper … The post Bill Introduced in Senate to Create New Data Privacy Regulator appeared first on AccountsRecovery

228

228

Fico Collections

JUNE 21, 2021

With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitter and Salesforce say they “plan to bulk up ethics teams responsible for evaluating the behavior of algorithms.”.

Government 116

Government 116

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

JUNE 21, 2021

In a case that was first mentioned at TCPAWorld.com, a District Court judge in Illinois has partially granted a defendant’s motion to dismiss after it was sued for violating the Telephone Consumer Protection Act for allowing wrong-number calls from debt collectors because, for some reason, the plaintiff’s name was not on the account in question. … The post Judge Dismisses Hate Crime Count from TCPA Complaint appeared first on AccountsRecovery.net.

Debt collector 147

Debt collector 147

Account Recovery

JUNE 21, 2021

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

147

147

Nerd Wallet

JUNE 21, 2021

Buy now, pay later — aka “BNPL" — is having a moment. Popular providers like Affirm, Afterpay and Klarna allow shoppers to break up specific purchases into predictable installments, and plenty of consumers are opting in. “The pandemic really accelerated the use of buy now, pay later services," says Collin Czarneck, who was behind a recent. Kimberly Palmer writes for NerdWallet.

98

98

Account Recovery

JUNE 21, 2021

JUDGE AWARDS $62K IN EMOTIONAL DAMAGES TO PLAINTIFFS IN FDCPA CASE A District Court judge in Washington has awarded two plaintiffs more than $60,000 in emotional damages in a bench trial after suing a collector for allegedly violating the Fair Debt Collection Practices Act because the defendant attempted to collect more than what was owed … The post Daily Digest – June 21.

Fair Debt Collection 147

Fair Debt Collection Collections 147

Nerd Wallet

JUNE 21, 2021

Forget the daily $5 latte as an already timeworn example of less than mindful spending. One financial advisor had a client spending some $3,000 a month on sushi — without realizing it. The advisor convinced his client to track a month’s worth of spending and both of them were surprised by the results. Solution: a. Hal M. Bundrick, CFP writes for NerdWallet.

94

94

Advertisement

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.

Collections

Credit Corp

JUNE 21, 2021

In a Nutshell. People with qualifying children can claim the child tax credit on their federal tax returns to help reduce their tax burden. The child tax credit is going up in 2021, and many families will qualify for advance payment, which begins July 2021. What Is the Child Tax Credit? The child tax credit is a partially refundable tax credit for parents of qualifying children.

Banks 59

Banks 59

Nerd Wallet

JUNE 21, 2021

PCI compliance is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. PCI compliance is administered and managed by the PCI Security Standards Council (SSC), an independent body comprised of the major payment card brands. Different business types will have.

82

82

Fico Collections

JUNE 21, 2021

The duration and depth of the COVID-19 pandemic have been increasingly challenging to predict, especially its impact on consumer finances. Many credit card issuers were faced with making new operational decisions, adapting to new regulations, and providing a safe and engaging customer experience. Since March 2020, the impact of COVID has also influenced spending patterns, payment rates and delinquency levels across revolving bankcard debt.

Retail 52

Retail Lender Government 52

Nerd Wallet

JUNE 21, 2021

One of the most important aspects of running a bar is providing great customer service. Having a point-of-sale system suited to your bar’s needs can make many of your operations tasks a cinch, allowing you to focus on providing a great experience to your customers. The best POS systems for bars provide solutions that can work for. Matthew Speiser writes for NerdWallet.

59

59

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

Burr Forman

JUNE 21, 2021

In episode four of the Immigration Insights podcast series, host Melissa Azallion Kenny discusses potential complications with an employee’s immigration status when a foreign passport is coming up for expiration. Immigration Insights is a weekly podcast hosted by Melissa Azallion Kenny , a partner in the firm’s Hilton Head office. The post Immigration Insights: Episode 4 appeared first on Burr & Forman.

52

52

Nerd Wallet

JUNE 21, 2021

Since Square released its headphone jack card reader in 2010, iPad POS systems have become the go-to solution for affordable, easy payment processing. Many POS systems for iPads and tablets have flooded the market since 2010, so if you’re looking for the right one for your business, you’ve got plenty of options to choose from. With all of the. Maddie Shepherd writes for NerdWallet.

58

58

Burr Forman

JUNE 21, 2021

COLUMBIA, S.C., June 21, 2021 – Burr & Forman LLP Columbia-based partner Brad Wright has been named a 2021 Leadership in Law honoree by South Carolina Lawyers Weekly. The Leadership in Law event recognizes law firm leaders from across the Palmetto State who have gone above and beyond in their professions, achieved success in their law practice, made contributions to society and had an impact on their communities.

Lawyers 52

Lawyers Acquisition Law Firms Government 52

Nerd Wallet

JUNE 21, 2021

For travelers who choose IHG hotels, it pays to have one of the hotel’s credit cards. You’ll earn bonus points at IHG properties and receive the fourth night free when booking an award reservation. One card has an annual fee and enhanced benefits. The other has no fee but still offers some attractive perks. Which. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.

54

54

Advertisement

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.

Collections

Fraser

JUNE 21, 2021

On June 8th, 2021, the U.S. Senate passed the United States Innovation and Competition Act (“USICA”), which is bipartisan legislation that would authorize billions of dollars in funding for technology research in the United States. A significant amount of funding is aimed at institutions of higher education. The USICA, which would authorize $200 billion in funding for fiscal year FY 2022-FY 2026, is intended, according to its proponents, to counter the political and economic influence of China.

Education 51

Education Government 51

Nerd Wallet

JUNE 21, 2021

HungerRush, formerly known as Revention and rebranded in 2020, is a restaurant point-of-sale system provider used by over 10,000 businesses around the world. The company is known for its range of products and quote-based pricing. With this system, merchants can mix and match their hardware and software to create a solution that works perfectly for. Matthew Speiser writes for NerdWallet.

52

52

Debt Collection Answers

JUNE 21, 2021

New medical debt collection laws in Nevada and New Mexico may provide some help to consumers when dealing with our complicated and convoluted medical billing and insurance system. They don't do anything to help bring down the price of medical care but in the case of New Mexico's law in particular, may help to bring some transparency.

Collections 40

Collections 40

Nerd Wallet

JUNE 21, 2021

Hotel loyalty programs reward you for sticking with their brands, so it pays to figure out which hotel chain deserves your repeat business. It’s not always an easy choice. Hotel room prices, geographic location of hotels, program perks, hotel benefits and ease of redeeming points for free nights are a few of the things to. Keith M. Rosso writes for NerdWallet.

52

52

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.

Collection Industry News

JUNE 21, 2021

Source: site. Congress enacted the TCPA because it “was broadly concerned about intrusive telemarketing practices.” Facebook, Inc. v. Duguid , 141 S. Ct. 1163, 11729 (2021). And the statute allows $500 in damages for any “violation” of “the regulations prescribed” under the TCPA. 47 U.S.C. 227(c)(5). But Plaintiffs often do not recover for some violations of TCPA regulations.

Judgment 40

Judgment Collections 40

Nerd Wallet

JUNE 21, 2021

Paysafe is a merchant services provider with a global presence. It delivers payment solutions to merchants in over 40 different countries and is known for its wide variety of payment solutions, including multiple alternative payment solutions that are becoming increasingly popular. However, it lacks transparency in pricing and terms and receives negative user feedback.

52

52

Collection Industry News

JUNE 21, 2021

Source: site. Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. Homeowners, renters, borrowers, lenders and mortgage servicers had one less thing to worry about as they absorbed the implications of pandemic-sparked forbearance rules and other regulatory shelters: realigned NYDFS operations were already in synch with th

Law Firms 40

Law Firms Financial services Lender Collections 40

Nerd Wallet

JUNE 21, 2021

Floreant POS is free, open-source software that anyone can download and modify for their specific needs. This specific point-of-sale software was created with restaurants in mind; however, you may be able to use it for different business needs. If you’re looking for a free POS system and feel confident in your ability to use software that comes. Nina Godlewski writes for NerdWallet.

52

52

Advertisement

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.

Credit Unions