Wed.Jul 06, 2022

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Conn. Regulator Fines Company $10k For Operating Without License

Account Recovery

The Connecticut Department of Banking has levied a $10,000 fine against a company for operating as a consumer collection agency in the state without obtaining the proper license. A copy of the ruling in the matter against Lockhart, Morris & Montgomery can be accessed by clicking here. Last June, Lockhart, Morris & Montgomery applied for … The post Conn.

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ABI’s Industry Viewpoint Interview: Intellectual Property And Bankruptcy

In the Red

. I recently had the honor of talking with the American Bankruptcy Institute’s Editor-at-Large Bill Rochelle about the intersection of intellectual property and bankruptcy, as part of ABI’s Industry Viewpoints video series. Bill and I discussed issues ranging from the U.S. Supreme Court’s Tempnology decision involving trademark licenses , to Section 365(n) of the Bankruptcy Code , to the very different issues posed when a licensee files bankruptcy and wants to assume or assign an inbound IP lic

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Collector Accused of Violating Reg F, FDCPA by Failing to Include Opt-Out Message in Emails

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to … The post Collector Accused of Violating Reg F, FDCPA by Failing to Include Opt-Out Message in Emails appeared first on AccountsRecovery.net.

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What Is a Personal Guarantee in Bankruptcy?

Sawin & Shea

A common question we receive from those considering bankruptcy is how it impacts personal guarantees. Some situations in which someone may sign a personal guarantee before filing bankruptcy include assisting a friend or family member in receiving a loan, and a business owner may sign a personal guarantee in order to secure funds for their company. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee.

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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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21 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Judge Grants MSJ for Defendant in FDCPA Case Over Disputed Debt

Account Recovery

A District Court judge in Georgia has granted a defendant’s motion for summary judgment, ruling that it was entitled to the Fair Debt Collection Practices Act’s bona fide error defense after a plaintiff disputed a debt that was not marked as disputed on the plaintiff’s credit report. A copy of the ruling in the case … The post Judge Grants MSJ for Defendant in FDCPA Case Over Disputed Debt appeared first on AccountsRecovery.net.

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California Dealership Resolves Telemarketing Prerecorded Message TCPA Class for $2.5M

Troutman Sanders

In late June 2022, the U.S. District Court for the Central District of California gave final approval for a $2.5 million class-action settlement in Johnson v. Moss Brothers Auto Group to resolve claims brought against a motor vehicle dealer under the Telephone Consumer Protection Act (TCPA). The settlement resolves a class action, pending since 2019, before the Supreme Court’s landmark TCPA decision in Facebook v.

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Daily Digest – July 6. Collector Accused of Violating FDCPA, Reg F; Judge Grants MSJ For Defendant Over Disputed Debt

Account Recovery

COLLECTOR ACCUSED OF VIOLATING FDCPA, REG F BY FAILING TO INCLUDE OPT-OUT MESSAGE IN EMAILS When a consumer tells a collector that he or she is not responsible for a debt, the collector usually has a process that seeks to get to the bottom of whether the consumer is telling the truth. But how far … The post Daily Digest – July 6. Collector Accused of Violating FDCPA, Reg F; Judge Grants MSJ For Defendant Over Disputed Debt appeared first on AccountsRecovery.net.

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Are 0% Interest Student Loans Better Than $10K Cancellation?

Nerd Wallet

Cancellation is the most popular proposal to address student loan debt, but it isn’t the only one out there. With the interest-free student loan payment pause in its third year, some wonder if 0% interest on student loans is a better answer. “I think this COVID pause has really illustrated — hopefully for policymakers but. Cecilia Clark 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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Service Charge: Your Law Firm Isn’t a Bank, So Stop Acting Like It Is

NCBA Law Practice Management Blog

Law firms have traditionally extended credit to clients by billing in arrears. This is, in fact, the most common way for law firms using an hourly billing model to invoice their clients. That’s why you hear advice like: Make sure to get the most you possibly can upfront/Charge the most significant retainer you can. But, let’s be honest. That’s not a client-facing model.

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How Does Financing a Business Work?

Nerd Wallet

Business financing is money that helps you start, run or grow your business. You can get small-business financing by taking out a business loan or another kind of debt, like a business line of credit. You can also raise money from supporters or invest your own money. With debt-based financing, you’ll have to pay back. Rosalie Murphy writes for NerdWallet.

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Season 3: Episode 4: RBG, Justice Marshall and the Death Penalty (Part 1)

PBWT

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Medicare Supplement Open Enrollment: How to Sign Up or Switch Plans

Nerd Wallet

Medicare Supplement Insurance, or Medigap, is health insurance that covers “gaps” in Medicare Part A and Part B coverage. Although you use your Medigap policy with Original Medicare, Medigap has its own rules for when and how you can sign up. The Medigap open enrollment period is the easiest and least expensive opportunity to enroll. Alex Rosenberg 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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US Job Openings Slip, but Demand Remains Strong

NACM

Some signs are indicating that the U.S. economy is starting to cool off, though only slightly. Job openings fell for the second-consecutive month in May to 11.3 million, according the Bureau of Labor Statistics. However, demand for workers is still strong."There are nearly two job openings for every unemployed person, a sharp reversal from the hist.

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The Guide to Hilton Grand Vacations

Nerd Wallet

Hilton Grand Vacations is the Hilton-affiliated vacation home ownership brand that works like a timeshare program. It is designed so that travelers can lock in the price for hotel stays in various vacation destinations within the HGV network without worrying about fluctuating prices. Hilton Grand Vacations locations span the world and include almost 175 resorts.

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Using Life Insurance to Pay Off Debt

Nerd Wallet

Paying down debt can be financially draining and stressful and not something you’d want your loved ones to take on after you die. The good news is that debts are rarely inherited, so most likely, the people you care about won’t be left holding the bill. However, there are instances when an outstanding balance can. Georgia Rose writes for NerdWallet.

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Blockchain Stocks: 6 Companies to Consider

Nerd Wallet

Blockchain technology is the fundamental innovation behind cryptocurrency, but its applications may go beyond the world of Bitcoin and its many competitors. Some of the largest companies in the world believe blockchain technology could be an important tool for carrying out transactions and exchanging information securely. And the stocks of those companies give investors a.

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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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Best Leveraged ETFs for July 2022

Nerd Wallet

Leveraged ETFs promise big rewards, but the risk may outweigh them. If you’re looking to include leveraged ETFs in your investment portfolio, it’s a good idea to approach them with caution. Best-performing leveraged ETFs Here are some of the best-performing leveraged equity ETFs. Note, as with any investment, those performing well today may not be. Alana Benson writes for NerdWallet.

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The Worst Hidden Travel Fees and How to Avoid Them

Nerd Wallet

With travel prices soaring, customers might be tempted to pick the cheapest base option they find. But the base price of airfare and hotels represents only a fraction of the total costs. A parade of add-on fees await any traveler trying to navigate the checkout process, ballooning the final price. Experts call it “drip pricing.”. Sam Kemmis writes for NerdWallet.

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A Guide to Alaska Flights to the Caribbean

Nerd Wallet

If it’s a Caribbean destination you’re after — beaches, mojitos, ocean views — you may be surprised to discover that Alaska Airlines offers flights to some warmer tropical climates, including the Caribbean. But before you start planning your tropical getaway, you may want to temper your expectations. While flights do exist, destinations are in short.

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The Surprising Reason Why Hotel Guests May Be Grumpier Than Ever

Nerd Wallet

In the 1990s and early 2000s, the “100% Satisfaction Guarantee” was all the rage among many hotels. The gist was simple: Encounter a problem and receive your money back. In theory, this approach addressed fairly serious issues such as early-morning pool renovations that made the jackhammer an unwelcome alarm clock. Bed bugs. No hot water. Sally French writes for NerdWallet.

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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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Best Credit Cards for Car Repairs

Nerd Wallet

When the auto mechanic gives you that dreaded grimace, you know to brace for a pricey car repair. Unfortunately, car maintenance isn’t cheap. In 2020, the average cost of vehicle maintenance and repairs per household was $825, according to the Bureau of Labor Statistic’s Consumer Expenditure Survey. It’s not starkly different from the previous, and.

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