Mon.Aug 29, 2022

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Daily Digest – August 29. Judge Sanctions Plaintiff’s Attorney; Conn. Regulator Revokes Agency’s License, Fines it $100k

Account Recovery

JUDGE SANCTIONS PLAINTIFF’S ATTORNEY FOR PROLONGING LITIGATION The attorney sought a “windfall” by engaging in conduct he later described as “petty.”The judge granted the defendant’s motion for attorneys’ fees and costs, ruling that the plaintiff’s attorney prolonged the case for “several months.” CONNECTICUT REGULATOR REVOKES LICENSE, FINES AGENCY $100K Not answering your mail is an … The post Daily Digest – August 29.

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Is Your Bank Greenwashing? Here’s How to Check

Nerd Wallet

Your bank plays a role in climate change through its lending and other actions. But is your bank making a positive environmental impact? It can be hard to know. Through their messaging, banks sometimes paint a greener picture of their impact on the climate than what their holdings or other factors indicate, a process known. Spencer Tierney writes for NerdWallet.

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Compliance Digest – August 29

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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Should You Ask for a Refund on Student Loan Payments?

Nerd Wallet

Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the opportunity to pay down their balances. Now that the White House has announced plans to cancel up to $20,000 in student loan debt, some of those borrowers may be wondering how to get. Cecilia Clark 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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California AG Issues $1.2M Fine for CCPA Violation

Account Recovery

The Attorney General of California has fined a retailer $1.2 million to resolve allegations it violated the California Consumer Privacy Act, while also announcing that other businesses are being notified of not complying with the CCPA, specifically failing to process consumer opt-out requests made via user-enabled global privacy controls. A copy of the settlement in … The post California AG Issues $1.2M Fine for CCPA Violation appeared first on AccountsRecovery.net.

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Connecticut Regulator Revokes License, Fines Agency $100k

Account Recovery

The Connecticut Department of Banking has revoked the consumer collection agency license and imposed a fine of $100,000 on a collection agency for failing to provide information requested during an examination, which rendered the state unable to determine the financial responsibility and general fitness of the operation that it could operate soundly and efficiently.

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Smart Money Podcast: How to Manage Medical Debt

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode features a conversation with Emily Maloney, author of “Cost of Living” — essays about the cost of health care in this country. Personal finance Nerd Kim Palmer talks with Maloney about her own experience working in an ER as. Kimberly Palmer writes for NerdWallet.

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Judge Sanctions Plaintiff’s Attorney For Prolonging Litigation

Account Recovery

A District Court judge in Minnesota has called out a plaintiff’s attorney for engaging “in conduct designed to prolong this litigation and augment” a plaintiff’s recovery after an offer of judgment had been accepted, and limited the amount of attorney’s fees to be awarded to the plaintiff to what was incurred when the offer was … The post Judge Sanctions Plaintiff’s Attorney For Prolonging Litigation appeared first on AccountsRecovery.net.

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Crypto Tax Rates for 2022: How to Calculate What You Owe

Nerd Wallet

When you sell cryptocurrency, you are subject to the federal capital gains tax. This is the same tax you pay for the sale of other assets, including stocks. Capital gains taxes are a percentage of your gain, or profit. There is not a single percentage used; instead, the percentage is determined by two factors: How. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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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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Court Says Creditor Can Sue a Liquidating Trustee without Prior Permission

PBWT

A bankruptcy court ruled that a creditor didn’t need to seek derivative standing to sue a liquidating trustee. The creditor, himself a trustee of the debtor’s employee stock-option plan, had standing to sue without prior court permission because his suit wasn’t brought on behalf of the bankruptcy estate. In re Foods , Inc. , Case No. 14-02689, Adv.

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Forming an LLC in North Carolina: The Step-by-Step Guide

Nerd Wallet

With steady population growth, proximity to top colleges and universities, an affordable cost of living and a pleasant climate, North Carolina is one of the best places in the country to start a business. Therefore, if you’re looking to launch your business in this state, one of your first steps will be selecting a business. Priyanka Prakash writes for NerdWallet.

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Third Circuit Adopts New “Reasonable Reader” Standard and Holds Reporting Consumers’ Pay Status as Past Due with $0 Balance after Transfer Did Not Violate the FCRA

Consumer Finance Watch

Diana M. Eng and Andrea M. Roberts ? In Bibbs v. TransUnion LLC, 2022 WL 3149216 (3d Circ. Aug. 8, 2022), the Third Circuit Court of Appeals (“Third Circuit”) affirmed the United States District Court for the District of Pennsylvania’s (“District Court”) … Continue reading → The post <strong>Third Circuit Adopts New “Reasonable Reader” Standard and Holds Reporting Consumers’ Pay Status as Past Due with $0 Balance after Transfer Did Not Violate the FCRA</strong> appear

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Delta Gold vs. Platinum: Which is Better for You?

Nerd Wallet

If you’re a Delta Air Lines fan, holding one of the airline’s affiliated credit cards can get you some sizable perks. This can include a waived checked bag fee, priority boarding and bonus SkyMiles when buying Delta flights. When it comes to choosing which card is better for you, however, the debate between the Delta. Ramsey Qubein writes for NerdWallet.

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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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Eleventh Circuit Applies TransUnion and Vacates Class Certification

TCPA

The Eleventh Circuit recently decertified a TCPA settlement class because the class definition included members who could never have Article III standing under Eleventh Circuit precedent. Drazen v. Pinto, — F.4th –, No.

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Medigap Plan F vs. Plan G: Which One Is Right for You?

Nerd Wallet

Medigap Plan F and Medigap Plan G are the two most comprehensive Medicare Supplement Insurance plans. Plan F offers the most coverage, but it’s not available to everyone. Plan G covers nearly as much as Plan F — and it’s available for any Medicare member. Because Plan F covers more than Plan G, it also. Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com.

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CFS Webinar Series – Developments in Consumer Arbitration

Troutman Sanders

Wednesday, August 31 • 2:30 – 3:30 p.m. ET. Register Here. Arbitration agreements continue to be a pressing issue in consumer-facing agreements. The United States Supreme Court recently issued several important decisions impacting how consumer arbitration agreements will be interpreted and enforced by the courts, including in the important arena of Private Attorneys General Act (PAGA) actions.

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6 Cheap Flights Within Europe to Book With Points

Nerd Wallet

If you’re planning to fly to Europe, hopefully, you aren’t planning to visit just one city. Europe is renowned for its rail network. But sometimes, a flight can get you where you want to go much cheaper and faster. And, by using points and miles, you can book these intra-Europe flights for a surprisingly reasonable. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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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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President Biden Announces Student Loan Forgiveness

Fraser

On Wednesday, August 24, President Biden announced that the federal government will extend the current pause on monthly student loan payments, which means that borrowers will not have to resume making payments until at least January. President Biden also stated that the federal government plans to forgive up to $20,000 worth of student loan debt, for those who qualify.

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SBA Loan Calculator: Estimate Monthly Payments on 7(a), 504 Loans

Nerd Wallet

Government-backed SBA loans offer low interest rates and long repayment terms, which can make them a great way to fund your business. NerdWallet’s SBA loan calculator can help you estimate monthly bills and total payments on an SBA 7(a), Express or 504 loan to decide if one is a good fit. The best small-business loan. Rosalie Murphy writes for NerdWallet.

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