Fri.Dec 10, 2021

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Judge Denies MTD in FDCPA, TCPA Class Action Over Orally Made Cease Request

Account Recovery

A District Court judge in Florida has denied a defendant’s motion to dismiss a class-action after it was sued for violating the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, and the Florida Consumer Collection Practices Act for making calls to the plaintiff’s cell phone and leaving voicemails using pre-recorded messages after the … The post Judge Denies MTD in FDCPA, TCPA Class Action Over Orally Made Cease Request appeared first on AccountsRecovery

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A/R Trends to Get Late Payments Finally Paid!

Enterprise Recovery

Chasing down late payments is no one's idea of fun. Have you considered making it easier for your clients to pay what's owed to you? To protect your cash flow and increase working capital, it may be time to consider some updates to your accounts receivable and invoicing process. Here are the top A/R trends to get those late payments finally paid!

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Bipartisan Anti-Robocall Bill Introduced in Senate

Account Recovery

Two of the authors of the TRACED Act have introduced another bill in the Senate that seeks to further protect consumers from receiving illegal robocalls while also holding those making the calls accountable for their actions. A copy of the draft version of the Robocall Trace Back Enhancement Act, introduced by Sen. John Thune [R-S.D.] … The post Bipartisan Anti-Robocall Bill Introduced in Senate appeared first on AccountsRecovery.net.

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Small-Business Outlook: 6 Predictions for 2022

Nerd Wallet

Small-business owners looked to 2021 as a chance to rebound and rebuild from nearly a year of coronavirus-induced losses. Instead, many were dealt repeated blows with supply chain backups, unfilled “hiring” signs and renewed restrictions and mandates. The year wasn’t a complete bust, though. Entrepreneurship grew at a record pace in 2021, with more than.

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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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Daily Digest – December 10. Judge Denies MTD in FDCPA, TCPA Class Action; Lawmakers Making Waves Over Student Loans

Account Recovery

JUDGE DENIES MTD IN FDCPA, TCPA CLASS ACTION OVER ORALLY MADE CEASE REQUEST A District Court judge in Florida has denied a defendant’s motion to dismiss a class-action after it was sued for violating the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, and the Florida Consumer Collection Practices Act for making calls … The post Daily Digest – December 10.

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CFPB Denies Request to Modify or Set Aside CID

Account Recovery

The Consumer Financial Protection Bureau has published an order from its former Acting Director denying a request from a petitioner to modify or set aside a Civil Investigative Demand it received but has granted in part a request from the petitioner that part of their petitions and portions of a declaration be treated confidentially. A … The post CFPB Denies Request to Modify or Set Aside CID appeared first on AccountsRecovery.net.

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Does Medicare Cover Prescription Drugs?

Nerd Wallet

The good news is that when you’re eligible to enroll in Medicare, you’ll also be eligible to buy insurance that pays some of the costs of your prescription drugs — in many cases, most of the costs. But there are numerous caveats to Medicare drug coverage and important variations in coverage and costs among plans. John Rossheim writes for NerdWallet.

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Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium

Account Recovery

As the clock continues to count down toward the restart of individuals having to make payments on their student loans, lawmakers are pulling out all the stops to keep that from crippling the financial situations of millions of borrowers as the country deals with record inflation and a rising number of COVID-19 cases across the … The post Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium appeared first on AccountsRecovery.net.

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Holiday Supply Chain Woes? Consider Gifting to 529s Instead

Nerd Wallet

As we continue navigating pandemic life, supply chain issues have caused disruptions and delays, but don’t fret: other gifts besides the hottest new toy or tech gadget can be given. Contributing to 529s, for example, can reduce your holiday shopping stress while making a meaningful impact through the gift of education. What is a 529. Tiffany Lam-Balfour 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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Judge Issues "Gag Order" Forbidding Disclosure of "Confidential Information" in Records Mistakenly Disclosed under New Jersey's Open Public Records Act

Public Citizen

I first posted about this case about early last month. In releasing documents electronically pursuant to a public records request, a local government body in New Jersey made a rookie error : using software (presumably Word) to perform redactions in a manner that was easily undone when the requester opened the provided PDF documents using his own device.

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How to Holiday Shop at the Last Minute

Nerd Wallet

Supply chain snags. Sold-out merchandise. Empty shelves. Hefty shipping fees. Inflation. There are plenty of complications working against you this holiday shopping season. And despite warnings to shop early because of pandemic-related delays, some of us didn’t prioritize holiday shopping in October and November. But all hope isn’t lost. Here’s what to do if you.

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How Long Should You Keep Company Records After Liquidation?

Hudson Weir

There’s lots to do when closing a business – while it’s not the first thing you’ll think of, it’s vital to know how long to keep company records for after liquidation. The Insolvency Service’s latest figures show that for the first time, the number of Creditors’ Voluntary Liquidations (CVLs) has gone up compared to before the COVID-19 pandemic.

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Is the Chase Aeroplan Credit Card Worth Its Annual Fee?

Nerd Wallet

Air Canada announced a brand new credit card for U.S. travelers: the Aeroplan® Credit Card. This card launched on Dec. 2, 2021 and offers a wide range of perks for a $95 annual fee. So is the Aeroplan® Credit Card worth it — particularly for U.S.-based travelers? Let’s walk through some examples to see if. JT Genter writes for NerdWallet. Email: travel@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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An Ultimate Guide to Sending Money To India (2021 Updated)

TAMSEY

People living around the globe send money to their family or friends for different purposes. But just like you, most of them get stuck when it comes to transferring money to India. No doubt we have endless methods for transferring funds to India at the moment. So, it will not be easy to know which will be best for your interest. Are you tired of finding the Best Way To Send Money To India ?

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7 Things to Know Before Getting the Chase Aeroplan Credit Card

Nerd Wallet

On Dec. 2, Air Canada launched a brand new credit card for U.S. consumers — and it’s clear that the Canadian airline is certainly looking to make a splash. The new Chase-issued Aeroplan® Credit Card is offering a sign-up bonus: Earn 2 Welcome Flight Rewards (worth up to 100,000 total points) after you spend $4,000 in the. JT Genter writes for NerdWallet.

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Troutman Pepper Partner Mary Zinsner Selected for the American Arbitration Association’s Roster of Arbitrators

Troutman Sanders

Mary Zinsner , a partner in Troutman Pepper’s Washington, D.C. office who handles high stakes litigation matters for banks in state and federal courts nationwide, has been accepted into the American Arbitration Association’s Roster of Arbitrators. AAA arbitrators are viewed as leaders in the practice of alternative dispute resolution (ADR). Zinsner has handled every type of litigation impacting financial institutions, including lender liability, Uniform Commercial Code, bank operations, consumer

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Best Free Inventory Software and Apps of 2022

Nerd Wallet

Inventory management software is an important part of starting and running a business, but it can be really expensive. These free inventory software options will help you keep costs down, and they actually work. Sure, they may not all have the bells and whistles of software you have to pay for, but they might have. Tina Orem writes for NerdWallet. Email: torem@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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When can a reach and apply injunction help you collect bad debt?

Collections Law

Collecting on bad debt is never as simple as it sounds, especially with commercial debt. Even once you have a judgment in hand, many debtors still do not pay willingly. You may need to identify assets yourself in order to claim them for debt payment. One type of asset may be the debtor’s own accounts receivables. If a third party owes them money, you may be able to reach across to that third party and apply their debt to your judgment.

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Data Breach Notification Laws in the United States: What is Required and How is that Determined?

Burr Forman

Has your business considered what obligations you would have to notify people in the event of a cyber-attack that compromises some or all of your IT systems? Have you cataloged all the data you collect and where it is stored so that you can determine whose information is impacted by a breach? If not, you are certainly not alone. With the continuing increase in cyber-attacks and particularly ransomware, combined with laws that are imposing shorter and shorter notice deadlines, it is important for

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Freddie Mac Issues Bulletin Addressing Use of Cryptocurrency in Mortgage Qualification Process

Troutman Sanders

On December 1, Freddie Mac issued Bulletin 2021-36 to update lenders on changes in loan eligibility requirements. While it is not unusual for Freddie Mac to issue such bulletins, this bulletin contained changes pertaining to cryptocurrency. Specifically, the bulletin stated that Freddie Mac updated its Seller/Servicer Guide (the Guide) to address “the use of cryptocurrency in the Mortgage qualification process.

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Average Cost of Living in Germany

TAMSEY

If your dream of moving to Germany last year was not successful, don’t worry! The new year will surely bring a ray of hope for you. But wait! Before you decide to relocate to Germany, you need to know about the expenditure that you’re going to face there. The best part is that residents in Germany can enjoy relatively a low cost of living considering the standard of living in this country.

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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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Financial organisations increasingly turn to robotics as part of their data-driven dreams

On Guard

Rise in adoption coincides with uptake of Intelligent Automation solutions. London, 14th December 2021 – 61% of organisations now either use Robotic Process Automation (RPA)/robotisation or are developing ideas on how to incorporate the technology into their business. This rise in robotics represents an increase of 15% compared to 2020 figures (46%), as found by the latest Year-on-Year analysis of data accumulated by Visma | Onguard in its annual 2021 Fintech Barometer.

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FLORIDA CIVIL TRIAL PRACTICE, Ch. 17, Jury Instructions and Verdicts (13th ed. 2021)

Burr Forman

The post FLORIDA CIVIL TRIAL PRACTICE, Ch. 17, Jury Instructions and Verdicts (13th ed. 2021) appeared first on Burr & Forman.

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Real Cost and Benefits of Apprenticeships' report

CSA

The St Martin?s Group, in partnership with City & Guilds and NCFE, has published a report entitled ?The Real Cost and Benefits of Apprenticeships?, to shed light on the true value apprentices can bring to the workplace. The report emphasises that many of the additional upfront costs associated with onboarding apprentices can be recovered much earlier than anticipated, with apprentices on average, generating an early net benefit to businesses of at least ?

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Formation and Enforcement of On-Line Contracts

Burr Forman

How frequently do you make purchases or conduct other business on-line? If you are like the majority of people in the 21st Century, the answer is “all the time.”. Businesses expect to rely on the electronic contracts that consumers enter into through on-line transactions, including arbitration agreements and other terms of use. But, businesses are not always successful in doing so.

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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.