Fri.Apr 23, 2021

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Judge Grants MTD Over Lack of Standing on QR Code Case

Account Recovery

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss a class-action lawsuit, ruling a plaintiff lacked standing to sue after claiming that a collector violated the Fair Debt Collection Practices Act by including “Personal & Confidential” on the outside of an envelope containing a collection letter and because “data symbols similar … The post Judge Grants MTD Over Lack of Standing on QR Code Case appeared first on AccountsRecovery.ne

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The Benefits of Creating Strong Client Relationships

Enterprise Recovery

As a B2B business that supports other B2B businesses, we understand the value of strong client relationships. Much like other relationships, the value can increase over time, offering financial benefits through referrals and upselling. If handled correctly, these relationships can also be mutually beneficial to both parties. Here's how to create strong client relationships and reap long-term benefits.

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Daily Digest – April 23. First post-Hunstein Class Action Filed; CFPB, NY AG Go After Hidden Assets of Collection ‘Kingpin’

Account Recovery

FIRST CLASS-ACTION SUIT, POST-HUNSTEIN, FILED IN N.Y. FEDERAL COURT Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and … The post Daily Digest – April 23.

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9 Ways to Get Free Books for Kids

Nerd Wallet

Reading has plenty of upsides for kids: It develops skills, boosts intelligence and sparks imagination. Despite the benefits, reading can still turn into an expensive hobby. Thankfully, there are ways you can get new, used and even virtual books without paying a cent. Here’s how to get free children’s books. How to get physical copies. Lauren Schwahn writes for NerdWallet.

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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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First Class-Action Suit, post-Hunstein, Filed in N.Y. Federal Court

Account Recovery

Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and 1692f of the Fair Debt Collection Practices Act … The post First Class-Action Suit, post-Hunstein, Filed in N.Y.

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House Passes FDCPA Amendment Bill to Protect Servicemembers

Account Recovery

The House of Representatives has passed a bill aimed at amending the Fair Debt Collection Practices Act to provide additional protections to servicemembers. The bill, H.R. 1491, the Fair Debt Collection Practices for Servicemembers Act, was introduced in March by Rep, Madeleine Dean [D-Penn.]. This was the second time Dean had introduced the legislation.

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How to Buy a House With No Money Down

Nerd Wallet

Saving for a down payment is often the biggest roadblock for first-time home buyers. The good news is, you don’t need to put down 20% to buy a home. In fact, you may be able to buy a house with no money down if you served in the military, are a rural home buyer, are. Linda Bell writes for NerdWallet. Email: lbell@nerdwallet.com. Twitter: @lindanbell.

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CFPB, NY AG Go After Hidden Assets of Collection ‘Kingpin’

Account Recovery

It’s something you normally see on TV or in the movies. An individual, in an attempt to hide something valuable from an ex-spouse or law enforcement, signs over possession of the asset to a friend or relative for $1. It usually doesn’t work on TV or in the movies, and, if the Consumer Financial Protection … The post CFPB, NY AG Go After Hidden Assets of Collection ‘Kingpin’ appeared first on AccountsRecovery.net.

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Shopify vs. Amazon: Which Should You Use?

Nerd Wallet

As a digital business owner, one of your most important decisions is deciding which e-commerce platforms you should use to sell your goods online — and, as two of the biggest names in e-commerce, it’s likely you’ll end up deciding between Shopify and Amazon. While both have advantages and disadvantages, you may find your business benefits from. Caroline Goldstein writes for NerdWallet.

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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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9 Ways to Pay Off Debt without Spending Your Paycheck

Credit Corp

This post originally appeared on Money Saved Is Money Earned and has been republished with permission. . Paying off debt should be a high priority for every American. Earlier this year, consumer debt rose to $4.2 trillion. With so much uncertainty looming with the economy, along with the high debt and low savings of the average household, it’s more important than ever to work on paying off debt.

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Best Small-Business Credit Card Readers

Nerd Wallet

Credit card readers come in all different shapes and sizes. If you’re just starting your search for a small-business credit card reader, you’re likely becoming aware of that fact. To get you started, here’s a list of all the very best credit card readers — from the most basic, affordable readers to the most powerful. Maddie Shepherd writes for NerdWallet.

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How Much Does a Bankruptcy Attorney Cost?

Luftman, Heck & Associates.

If you’re considering bankruptcy, you probably want to know more about the process and what it costs. Many people who reach out to bankruptcy attorneys are worried about bankruptcy-related expenses, including attorney’s fees. We get it. You’re already struggling, and bankruptcy isn’t automatically free. But there are ways to deal with the costs, and in the long run, help you financially.

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How to Start a Laundry Business: The Ultimate Step-by-Step Guide

Nerd Wallet

Laundry is an essential part of life for most people. As long as clean clothes are in demand, a laundry business will be too. After all, not everyone has their own washer and dryer, or the time (or desire) to wash their clothes themselves. This makes starting a business in the laundry industry a great option. Nina Godlewski writes for NerdWallet. Email: ngodlewski+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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UK Credit & Collections Conference 2021 - save the date!

CSA

We are delighted to announce that the date for the UK Credit & Collections Conference (UKCCC) 2021 has been confirmed as Thursday 9 September and it will be held in the form of a physical, face-to-face event (subject to the removal of remaining restrictions in the summer). The conference programme has been streamlined to focus on key business issues of 'effective operations', 'regulation and policy', and 'new business innovation' with the aim of helping firms to navigate the challenging time

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How to Start a Consulting Business

Nerd Wallet

Starting any kind of business is a challenge, but starting a business where your goal is to help others run their own more efficiently is doubly challenging. A niche tends to be a good place to look when determining how to start a consulting business, whether your area is HR (managing the workforce of a. Eric Goldschein writes for NerdWallet. Email: egoldschein@nerdwallet.com.

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Collecting in a Post-Pandemic Economy

Katabat

Ok, now what? The world was coming to an end. For those of us in the collections and ARM industries, Covid had seismic and permanent impacts covered amply elsewhere. It is rare to have an entire business model come under immediate and intense stress (“10 years of change in 8 weeks”), and it was equally remarkable how the industry emerged through the crucible with rapid business model changes.

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Starting a Business With a Friend: Important Dos and Don’ts

Nerd Wallet

If you and your friend are both entrepreneurs (or aspiring entrepreneurs), brainstorming new business ideas are probably standard issue. And when you hit upon a really good business idea, you’ll want to take that entrepreneurial spirit off your friend’s living room couch and into the boardroom. That could be a great decision. Be aware, though, Caroline Goldstein writes for NerdWallet.

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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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Eleventh Circuit Holds Transmitting Consumer Information to Third Parties Exposes Debt Collectors to Liability under the FDCPA

Burr Forman

In a decision that could throw the debt-collection industry into turmoil, on April 21, 2021, the Eleventh Circuit Court of Appeals released its opinion in the case Hunstein v. Preferred Collection & Mgmt. Servs., Inc. , No. 19-14434, 2021 WL 1556069 (11th Cir. Apr. 21, 2021). The crux of the opinion is the court’s holding that a debt collector faces potential liability under the FDCPA for transmitting a consumer’s personal information to any third-party not explicitly designated by the stat

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How to Start a Candle Business: A Step-by-Step Guide

Nerd Wallet

We all like our homes to smell nice and to feel cozy. What better way to make this happen than by lighting some candles. Not only are they an affordable indulgence, but they also make great gifts and literally brighten any room. If you’re considering starting a business and are passionate about wicks, soy blends, Jacqueline DeMarco writes for NerdWallet.

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Fourth Circuit Revisits Law of Contract Formation in the Digital Age and Finds No Agreement to Arbitrate

Troutman Sanders

The Fourth Circuit recently affirmed a district court’s finding that no agreement to arbitrate claims was ever formed, holding that because the evidence showed two versions of a contract and there were variations between the agreements, no meeting of the minds as to the material terms of the contract occurred. See Rowland v. Sandy Morris Fin. & Estate Planning Services, LLC, 2021 U.S.

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Aloha POS System Review for 2021

Nerd Wallet

A product of NCR, Aloha point-of-sale services over 75,000 restaurants around the world. Despite Aloha’s user-friendly design, the absence of transparent pricing information and ample reviews citing high costs and poor customer service mean that newcomers like Square and Clover may be better alternatives for your business. Overview The Aloha POS software gives restaurant owners.

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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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READ ABOUT THIS: Objecting lawyers allege that Monsanto is paying a tort plaintiff to appeal a trial-court judgment *favorable* to Monsanto! Yes, you read that right.

Public Citizen

Some lawyers (I'll call them "objecting lawyers") say that they got wind of an effort by Monsanto to pay a tort plaintiff to appeal a claim that the plaintiff lost in federal district court. Why? According to the objecting lawyers, because Monsanto wants to keep the case alive to try to obtain a Monsanto-favorable federal-preemption ruling on appeal.

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How to Create a Business Budget for Your Small Business

Nerd Wallet

As a new small business owner, you have to figure out a lot of things you’ve never done before. One of them is how to create a business budget—and that can be intimidating, especially when you’re just starting out. How, exactly, do you know where to find the right financial information—let alone learn the business. Meredith Turits writes for NerdWallet.

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Burr & Forman’s Kermit Kendrick and April Mason Named to Birmingham Business Journal’s “Best of the Bar”

Burr Forman

Birmingham partners Kermit Kendrick and April Mason have both been recognized by the Birmingham Business Journal as “Best of the Bar.” This year’s recognized attorneys were selected based on their accomplishments within their practice area and firm, within Birmingham and its legal community, and businesses around the nation. Kermit Kendrick is a partner in the firm’s Litigation Section where he defends all types of litigation, including insurance defense, personal injury, wrongful death, t

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Changing the Face of the Cannabis Industry

Nerd Wallet

Cannabis businesses have transformed from clandestine ventures to glossy lifestyle brands in a matter of years, thanks to an evolving regulatory and business landscape. The majority of states now have some form of legalized cannabis, whether for medical or recreational use. The 2021 U.S. cannabis market is valued at $33 billion, according to an analysis.

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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.