Tue.May 31, 2022

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Compliance Digest – May 31

Account Recovery

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.

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The best debt collection agencies-what do they have in common?

American Profit Recovery

Choosing a third-party collection agency Is a big step for some businesses. The business needs the cash flow, and is frustrated customers are paying late or in some cases not paying at all, but need a solution. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections.

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Daily Digest – May 31. Fla. Supreme Court Rules in Workers’ Comp Case; Calif. AG Backs DAs in Fight Over Illegal Collection Practices

Account Recovery

FLORIDA SUPREME COURT RULES INJURED WORKER CAN SUE UNDER STATE COLLECTION LAW The Florida Supreme Court has affirmed a lower court’s ruling holding that an individual subjected to debt collection activities for an injury covered by workers’ compensation can sue under the Florida Consumer Collection Practices Act instead of the state’s Department of Financial Services … The post Daily Digest – May 31.

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Business Loan vs. Line of Credit: Which Is Right for You?

Nerd Wallet

Business loans and business lines of credit are different forms of business financing. With a business loan, you’ll receive a lump sum of money and pay it back over time. A line of credit is a pool of money that you can keep dipping into, up to a limit. In general, business loans are the. Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com.

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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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Calif. AG Backs Local DAs in Fight Over Bank Accused of Illegal Collection Practices

Account Recovery

The briefs have been filed and the Attorney General of California has submitted an amicus brief to the Court of Appeals for the Ninth Circuit in a case in which four District Attorneys are attempting to sue a financial services company accused of violating the Rosenthal Fair Debt Collection Practices Act and the company is … The post Calif. AG Backs Local DAs in Fight Over Bank Accused of Illegal Collection Practices appeared first on AccountsRecovery.net.

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The Latest on Student Loan Debt Cancellation, Moratorium Expected to be Extended Again

Account Recovery

There are more than 7 million individuals who have defaulted on their federal student loans, and the current moratorium on making student loan payments is those individuals’ best shots at getting back in good standing, especially with published reports indicating that another extension of the moratorium is likely and that the federal government is considering … The post The Latest on Student Loan Debt Cancellation, Moratorium Expected to be Extended Again appeared first on AccountsRe

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How to Avoid Bad Money Advice

Nerd Wallet

There are a lot of people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking about. Whether it’s a friend with a hot investment tip, a relative spouting off outdated directives about the way it “should” be done or a. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Florida Supreme Court Rules Injured Worker Can Sue Under State Collection Law

Account Recovery

The Florida Supreme Court has affirmed a lower court’s ruling holding that an individual subjected to debt collection activities for an injury covered by workers’ compensation can sue under the Florida Consumer Collection Practices Act instead of the state’s Department of Financial Services holding jurisdiction. A copy of the ruling in the case of Sheridan … The post Florida Supreme Court Rules Injured Worker Can Sue Under State Collection Law appeared first on AccountsRe

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Paper on algorithmic price discrimination and consumer protection

Public Citizen

Mateusz Grochowski of the Max Planck Institute for Comparative and International Private Law; Yale Law School; Polish Academy of Sciences - Institute of Legal Studies; Agnieszka Jab?onowska of the University of Lodz - Faculty of Law and Administration; European University Institute - Department of Law (LAW); Francesca Lagioia of the European University Institute - Department of Law (LAW); University of Bologna - Research Center of History of Law, Philosophy and Sociology of Law, and Computer Sci

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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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Is the Hilton Grand Vacation Club Worth It?

Nerd Wallet

Perhaps you stay frequently enough at a certain hotel or destination that you’ve started to wonder whether to join a timeshare program. Many major hotel chains offer this option, which provides partial ownership of a hotel or resort and a guaranteed way to vacation. Hilton is no stranger to this type of program, and the. Carissa Rawson writes for NerdWallet.

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500,000 Small Businesses at risk of going bust within weeks

UK debt collections

Increasing running costs have created a ticking time bomb for Small Businesses according to the FSB. The Federation of Small Businesses (FSB) have issued a warning that around 500,000 Small Businesses are at serious risk of going bust within the next few weeks without new government support. FSB Chairman Martin McTague has applauded chacellor Rishi Sunak’s ‘cost of living’ package worth a total of £15bn.

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What Are Hyatt Credit Card Night Credits?

Nerd Wallet

Earning elite status in World of Hyatt is an achievement that can lead to everything from free breakfast and bonus points to late checkouts and free room upgrades. World of Hyatt status can be earned in several ways — one of which is staying a minimum number of nights with World of Hyatt properties, or. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.

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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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Singapore Airlines Premium Economy Overview

Nerd Wallet

Looking for a comfortable flight but not willing to splash out for business class? Premium economy may be a good fit for you, and Singapore Airlines premium economy is no exception. With wider seats, footrests and even an option to preorder a meal (book the cook), premium economy on Singapore Airlines can be a great. Carissa Rawson writes for NerdWallet.

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Client Alert: Broker & Consultant Fee Transparency to Group Health Plans

Fraser

As the health care arena continues to evolve following the ACA and its progeny, one common theme in the regulations has been to increase transparency in the marketplace. Following on that theme, the Department of Labor recently issued its Field Assistance Bulletin No. 2021-03 aimed at the fees charged by group health insurance brokerages and consultants.

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5 Benefits of Using a Debt Recovery Service

Credit Management Company

You may think your company has a handle on collecting past-due accounts, but the world of consumer and commercial debt collection is vast and complicated. In order to ensure that your team stays compliant with debt collection statutes and federal debt collection laws, it can be crucial to collaborate with a third-party debt recovery service like CMC.

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EU To Ban Most Russian Oil by Year-End

NACM

European Union leaders agreed late Monday to immediately ban 75% of oil imports, with plans to reach a ban on 90% of Russian oil by the end of this year, the Associated Press reported. The sanction covers oil imported by sea, but allows a temporary exemption on imports delivered by pipeline, "a move that was crucial to bring landlocked Hungary on b.

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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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California Governor’s Blockchain Executive Order Calls for State and Federal Regulatory Harmony

Troutman Sanders

On May 4, following in the footsteps of President Biden’s recent executive order (Federal EO), California Governor Gavin Newsom issued his own blockchain-related executive order (CA EO), making California the first among the states to endorse a proactive, harmonized approach to regulate blockchain technology. The CA EO assesses how existing state and public institutions may leverage blockchain technology to foster innovation and propel California to the forefront of the emerging digital asset ma

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Elo Reduces Payment Network Fraud by 30% With FICO Fraud Analytics

Fico Collections

Reducing fraud during an e-commerce boom. Elo, one of the largest and most innovative payment providers in Brazil, has used FICO® Falcon® Fraud Manager to reduce fraud by 30 percent for card issuers using its payment network. The best-in-class cloud-based solution also managed to decline online fraudulent transactions and brute force attacks, a significant achievement as e-commerce boomed during the pandemic.

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