Tue.Mar 29, 2022

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Ignite! Attendees Share Their Best Takeaways

Account Recovery

ACA International recently held its Ignite! conference in Las Vegas. AccountsRecovery.net asked some of those who attended the conference to share the most important takeaway they had at the conference, or the best idea they learned there. Here are some of their answers. HEATH MORGAN, MALONE FROST MARTIN For me, I think the biggest takeaway … The post Ignite!

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CFPB Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued a report today showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are charged in addition to interest when a cardholder does not make the minimum payment by the due date.

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Judge Denies Defendant’s MSJ in FCCPA Case Over BK Filing, Attorney Representation

Account Recovery

A District Court judge in Florida has denied a defendant’s motion for summary judgment while partially granting and partially denying a similar motion from the plaintiff in a Florida Consumer Collection Practices Act case over alleged attempts to collect a debt after the plaintiff had filed for bankruptcy protection and allegedly notified the defendant that … The post Judge Denies Defendant’s MSJ in FCCPA Case Over BK Filing, Attorney Representation appeared first on AccountsRe

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The Majority of Americans Plan to Travel in 2022

Nerd Wallet

Traveling during the COVID-19 pandemic is still a divisive topic for some Americans. In the post-vaccine era, some Americans are making travel plans, while others continue playing it safe. Regardless of where they stand on travel, over half of Americans (62%) agree they would feel more comfortable traveling if certain COVID-19 precautions were in place, Melissa Lambarena 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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Repeat Violators Risk Losing Licenses, Chopra Warns

Account Recovery

The Consumer Financial Protection Bureau is planning to establish dedicated units aimed at detecting repeat offenses and corporate recidivism “to better hold them accountable” while also laying out a series of enforcement options that the regulator will consider when it finds financial services organizations committing the same types of violations over and over again, Rohit … The post Repeat Violators Risk Losing Licenses, Chopra Warns appeared first on AccountsRecovery.net.

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Crown Asset Management Names 2021 Firm & Agency of the Year Award Winners

Account Recovery

DULUTH, Ga. – Crown Asset Management, a specialty finance and receivables management firm, is announcing its 2021 Agency of the Year and Firm of the Year awards. The Award Winners were selected from the company’s national network of partner collection agencies and law firms. The award selection process consists of an annual review completed at the … The post Crown Asset Management Names 2021 Firm & Agency of the Year Award Winners appeared first on AccountsRecovery.net.

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SEC Explained

Nerd Wallet

What is the SEC? The Securities and Exchange Commission is an independent federal agency tasked with regulating U.S. securities markets. Its mission comprises three goals: protecting investors; ensuring the markets remain fair, orderly and efficient; and facilitating capital formation. What does the SEC do? The SEC strives to maintain public trust in the U.S. markets.

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TrueAccord Launches Web Chat for Consumers

Account Recovery

TrueAccord announced last week that it has rolled out a web chat feature for consumers who would prefer to communicate with the company online, citing data that a growing number of consumer prefer that method over phone, email, and social media support. Looking to capitalize on the last few weeks of tax season, in which … The post TrueAccord Launches Web Chat for Consumers appeared first on AccountsRecovery.net.

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The Cheapest Award Flights to Las Vegas on Delta

Nerd Wallet

Delta Air Lines flyers who have been racking up SkyMiles might be ready to use those points to skip town for a much-needed vacation. One sweet spot for a quick getaway is Las Vegas. There are plenty of options for using your miles to book flights to Las Vegas. Although Delta Air Lines no longer. Anya Kartashova writes for NerdWallet. Email: travel@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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Daily Digest – March 29. Judge Denies Defendant’s MSJ in FCCPA Case; Ignite! Attendees Share Best Ideas

Account Recovery

JUDGE DENIES DEFENDANT’S MSJ IN FCCPA CASE OVER BK FILING, ATTORNEY REPRESENTATION A District Court judge in Florida has denied a defendant’s motion for summary judgment while partially granting and partially denying a similar motion from the plaintiff in a Florida Consumer Collection Practices Act case over alleged attempts to collect a debt after the … The post Daily Digest – March 29.

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8 Things to Know Before Joining Emerald Club

Nerd Wallet

Emerald Club, the loyalty program of National Car Rental, offers members the chance to earn free car rentals and to skip the line and pick out your own car, along with some other perks. Here’s what to know about National’s Emerald Club to help you decide whether you should give the company your loyalty. What. June Casagrande writes for NerdWallet. Email: travel@nerdwallet.com.

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New law introduced to solve Covid Commercial Rent arrears

UK debt collections

Business Minister Paul Scully has announced the launch of a new law to help resolve remaining commercial rent debts accrued because of the pandemic. The ‘Commercial Rent (Coronavirus) Act 2022’ received Royal Assent means that a legally binding arbitration process will be available for eligible commercial landlords and tenants who have not already reached an agreement.

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3 Ways to Get Money Back When COVID Ruins Your Vacation

Nerd Wallet

You probably long to sip umbrella drinks by the beach while soaking up some vitamin D on a vacation, but exposure to the coronavirus could have you drinking those cocktails behind closed doors. Even in the vaccine era, the coronavirus continues to impact vacation plans. One exposure at home or abroad can lead to a. Melissa Lambarena 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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Court Rejects Healthcare Facility’s Use of Emergency Purpose Exception

TCPA

The Middle District of Florida recently held that a defendant cannot invoke the “emergency purposes” exception to the TCPA if the defendant continues to send messages after the plaintiff has instructed the defendant to stop. In Farhat v.

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5 Key Numbers to Know About Savings Accounts

Nerd Wallet

You don’t have to be a numbers person to have a healthy bank account. But when it comes to savings, knowing a few key figures can help you maximize your options. Here are five numbers that can help you determine if a savings account is ideal — or if it could cost you. 1. Minimum. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com.

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David Dayen's profile of Rohit Chopra in The American Prospect: "Washington's Best Hope"

Public Citizen

Here. Dayen paints Chopra as someone who finds ways to get positive things done through hard work and imaginative use of agency powers. How does the industry react to this? Here is one paragraph: Financial firms didn’t want to see anyone rousing the machinery of the federal government, and they  groused about Chopra  to anyone and everyone.

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USAA Medicare Supplement Insurance 2022 Review

Nerd Wallet

USAA is a financial services company serving current and former U.S. military members, their spouses and children. Its services include banking, investing, retirement and insurance. USAA offers Medicare Supplement Insurance, or Medigap, in 45 states and Washington, D.C. You need to be a USAA member to buy a USAA Medigap policy. Membership is free, but.

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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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Reverse Auto Loan Calculator: What Your Payment Buys

Nerd Wallet

If you know how much car payment you can afford each month, a reverse auto loan calculator can tell you how that translates into the total amount you can borrow. But, of course, there are variables: the length of the loan and the interest rate you get. Say you have decided that you can afford. NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com.

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When to Use Kiwi for Your Next Flight Booking

Nerd Wallet

Say you see a great flight deal to Europe, but you don’t live anywhere near the departing city. Optimistically, you search for flights out of your home airport, but the price is more than double that of the flight deal you found. Rather than throwing in the towel and letting another travel dream pass you. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Three Insurance Review 2022: Pros, Cons, Alternatives

Nerd Wallet

Three is one of Berkshire Hathaway’s business insurance brands. What sets Three apart is that it aims to provide all the coverage small-business owners need in just a single, three-page policy — hence the brand name. Three’s policy includes many of the same protections you’d find in a traditional business owner’s policy, like general liability. Rosalie Murphy writes for NerdWallet.

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