Account Recovery

JUNE 23, 2021

BEDARD CONTINUES BREAKDOWN OF VALIDATION INFORMATION DISCLOSURES As discussed last week, there are four pieces of information that make up what the Consumer Financial Protection Bureau refers to as “validation information” in Regulation F. They are: debt collection communication disclosures, information about the debt, information about consumer protections, and information about how the consumer can … The post Daily Digest – June 23.

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Collect More

JUNE 23, 2021

Demand emails- we see A LOT of them. Whenever we are sent a new debt to collect our client’s will include the emails they have already sent their debtor requesting payment. Obviously it hasn’t worked and it is almost always because of this reason- the sign-off is too nice. It is completely different to the body of the email- you have to be consistent.

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Account Recovery

JUNE 23, 2021

Even though the COVID-19 pandemic may be close to ending, that does not mean that consumer protections put into place during the pandemic are on the way out, too. In this case, protections put in place to keep renters and homeowners in their residences and not face evictions or foreclosures may continue through the end … The post Waters Seeks Foreclosure Moratorium Extension as CFPB Preps Rule appeared first on AccountsRecovery.net.

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Collect More

JUNE 23, 2021

Right then folks- there are mere days left. If you’re like most business owners, you want your bank balance at 30 June to be as healthy as possible. Here’s how to convert “Money owed” to “Cash at bank”. – Sell the benefits, for them, in paying you before 30th June. Closure and the opportunity for “a fresh start in a brand new year without this debt hanging over their head”.

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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

JUNE 23, 2021

As discussed last week, there are four pieces of information that make up what the Consumer Financial Protection Bureau refers to as “validation information” in Regulation F. They are: debt collection communication disclosures, information about the debt, information about consumer protections, and information about how the consumer can respond to the letter.

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Account Recovery

JUNE 23, 2021

A lot of eyes that worry about autodialers and telephone calls are fixed firmly on The Sunshine State, wondering if its version of the Telephone Consumer Protection Act will go into effect next week or not. The state legislature in April passed CS/SB 1120, but Gov. Ron DeSantis has still not yet indicated whether he … The post Waiting Game Surrounding Florida’s TCPA Bill Continues appeared first on AccountsRecovery.net.

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Nerd Wallet

JUNE 23, 2021

There are many ways to handle shipping for your WooCommerce orders. The right solution really depends on your overall sales volume, the items that you ship and how you fulfill your orders. Sellers who ship packages of similar size and weight have different needs than those who ship a variety of parcels or use outsourced fulfillment providers. Krista Fabregas writes for NerdWallet.

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Account Recovery

JUNE 23, 2021

A District Court judge in New York has rejected a plaintiff’s legal theory that a judgment obtained in a collection suit extinguishes the underlying debt and thus the underlying agreement, and instead granted a defendant’s motion to compel arbitration and dismissed a Fair Debt Collection Practices Act class-action lawsuit without prejudice.

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Jimerson Firm

JUNE 23, 2021

Oftentimes, residential and commercial real estate developers or brokers may confront title issues that interfere with the ability to sell or close on a property. If the property owner does not have clear, marketable title, it means that there is a “cloud on title.” Since clouds on title interfere with the ability to sell or close on real property, residential and commercial brokers will need to consider effective ways to have the cloud on title removed.

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Collections

Nerd Wallet

JUNE 23, 2021

Regardless of your business’s size, offering your employees a retirement savings plan is a crucial part of any HR operation. Not only will offering comprehensive employee benefits draw top talent, but it’ll make your current employees feel valued and provide them peace of mind that they’re making the right financial decisions for their future—and happier employees.

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Troutman Sanders

JUNE 23, 2021

In Mikhael v. Credit Corp Solutions, Inc. , the Eastern District of New York held that a letter alluding to the possibility of referring an account to an attorney for review does not constitute a threat to take imminent action that “cannot legally be taken or that was not intended to be taken” under the FDCPA. Thus, Mikhael had failed to state a claim upon which relief may be granted, and her complaint was dismissed.

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Nerd Wallet

JUNE 23, 2021

As Europe reopens to tourists, many Americans are itching to visit. If you’re headed across the Atlantic, Europe’s budget airlines are certainly tempting for getting around the continent. These carriers offer surprisingly low fares and direct flights between popular destinations, and they typically don’t force flyers to connect through a major hub. But while these.

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Katabat

JUNE 23, 2021

At Katabat we take extreme pride in the comprehensive and robust security with which we protect our operational infrastructure and, of course, the data of our customers. As ransomware and other hacking attacks become an ever more common part of the daily news, I thought it would be a good time to provide some insight into how we protect our IT resources from hackers—including professional criminals and state actors.

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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

Nerd Wallet

JUNE 23, 2021

With used car prices soaring and the cost of gas up nearly $1 over last year, a used electric vehicle — either a plug-in hybrid or an all-electric car — could be a real money saver. The price of used cars has risen 48% year over year, according to the Manheim Used Vehicle Value Index. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Loans 65

Burr Forman

JUNE 23, 2021

MOBILE, AL, June 23, 2021 – Burr & Forman is pleased to announce Partner and trial lawyer, John Browning has been elected to the Alabama Defense Lawyers Association (ADLA) Board of Directors to serve through 2022. Browning, a partner in the firm’s Mobile office, is an experienced trial lawyer, having represented businesses and their insurers in cases involving personal injury, wrongful death, and commercial losses arising out of motor vehicle accidents, engineering and construction def

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Nerd Wallet

JUNE 23, 2021

There is more to inventory valuation than simply entering the amount you pay for your inventory into your accounting software. There are a number of ways you can value your inventory, and choosing the best inventory valuation method for your business depends on a variety of factors. FIFO and LIFO are the two most common inventory. Billie Anne Grigg writes for NerdWallet.

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Katabat

JUNE 23, 2021

At Katabat we take extreme pride in the comprehensive and robust security with which we protect our operational infrastructure and, of course, the data of our customers. As ransomware and other hacking attacks become an ever more common part of the daily news, I thought it would be a good time to provide some insight into how we protect our IT resources from hackers—including professional criminals and state actors.

Startups 52

Startups Financial services Banks 52

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Collections

Nerd Wallet

JUNE 23, 2021

As a business owner, keeping your business and personal finances separate is a must. But you may want to split up parts of your business’s finances, too. To help do this, you can open multiple business bank accounts — including more than one business checking account or savings account. Why and where you open those. Brian O'Connor writes for NerdWallet.

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Direct Recovery

JUNE 23, 2021

After more than a full year of mask mandates and stay-at-home orders, we are finally starting to see the world begin returning to normal life…or at least something closer than what we have been accustomed to lately. As mask mandates and other restrictions disappear on a state-by-state basis, we are learning an incredible amount from the more adventurous states about what we can expect when that happens here in California.

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Collections 52

Nerd Wallet

JUNE 23, 2021

Even in a hot market where “for sale” signs don’t last long, you might need to be sure your house will sell quickly. There are several approaches you can take to sell your house fast; the right one for you may depend less on your exact timeline and more on what you prioritize in addition. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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Payment Savvy

JUNE 23, 2021

Whether or not you are a high-risk merchant , convenience in the online shopping world is critical. A well-outlined website is the first step towards providing your customers with an easy way to purchase goods and services. Having a simple online payment process keeps your conversion rate high. As suspected, your checkout page is the most crucial part of your online store.

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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.

Nerd Wallet

JUNE 23, 2021

This article has been reviewed by tax expert Erica Gellerman, CPA. IRS Form 8941 isn’t the simplest of tax documents to fill out. However, if you are eligible, it’s wise to take advantage of this small-business tax credit. If you need help, consult a bookkeeper or certified public accountant (CPA). Taking time to complete IRS Form 8941 carefully and accurately.

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Troutman Sanders

JUNE 23, 2021

If you use the internet, you have probably encountered at least one of the scams con artists use to bilk victims. There’s “catfishing” and other online dating fraud, where scammers use fake identities to woo victims into sending money. There’s also “grandparent scams,” where typically elderly victims are tricked by those posing as his or her grandchild into sending money for a faux emergency.

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Trade Financial services Government 52

Nerd Wallet

JUNE 23, 2021

As restaurant owners across the U.S. make major operational changes in response to the COVID-19 pandemic, their ability to track profitability and metrics like cost of goods sold, labor and sales has become crucial. Strong restaurant accounting software can help you make informed, data-driven decisions that protect your restaurant from changing tides by giving you access.

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Credit Corp

JUNE 23, 2021

This article originally appeared on The Financially Independent Millennial and has been republished here with permission. Investors need to be careful when selecting high-dividend stocks. An outsized dividend yield is sometimes a sign of danger. When a stock price crashes, its dividend yield rises. Therefore, there are times when a high yield is simply the result of a collapsing share price.

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