Mon.Oct 26, 2020

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Daily Digest – October 26. Supporters of Broader ATDS Definition File Briefs; 47% of Hospitals See Bad Debt Spike

Account Recovery

SUPPORTERS OF BROADER ATDS DEFINITION FILE BRIEFS WITH SUPREME COURT Those deadline for entities and organizations that want the Supreme Court to adopt a more restrictive definition of the Automated Telephone Dialing System under the Telephone Consumer Protection Act to file their briefs was Friday, and there were seven submitted, including a bipartisan group of … The post Daily Digest – October 26.

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I Refinanced My Mortgage. Here’s What Happened to My Credit Score

Nerd Wallet

When interest rates started to drop in the spring of 2020, my husband and I took notice. We watched as the rates on both fixed-rate and adjustable-rate mortgages continued to slide to historic lows. As a growing number of friends gushed about how much they’d lowered their rates and monthly payments, we decided to look. Erin Hurd is a writer at NerdWallet.

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Compliance Digest – October 26

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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Consumer Financial Protection Bureau Announces Settlement With Washington Federal Bank, N.A. For Flawed Mortgage-Loan Data Reporting

Consumer Finance

Today, the Consumer Financial Protection Bureau settled with Washington Federal Bank, N.A., a federally insured national bank, to address the Bureau’s finding that it reported inaccurate Home Mortgage Disclosure Act data about its mortgage transactions for 2016 and 2017.

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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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47% of Hospitals See Spike in Bad Debt During Pandemic: Survey

Account Recovery

Nearly 50% of healthcare facilities across the country have seen their amount of bad debt and uncompensated care increase during the coronavirus pandemic, according to the results of a survey that were released last week. Nearly just as many facilities have seen an increase in the number of patients who are either self-pay or uninsured, … The post 47% of Hospitals See Spike in Bad Debt During Pandemic: Survey appeared first on AccountsRecovery.net.

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Pace of TCPA Suits Continues to Decrease: WebRecon Data

Account Recovery

While there was an uptick in some of the data points tracked by WebRecon in September, the increases — whether comparing the data to August or comparing it to last September — were not that large. The data points that were lower, however, were significantly so. For example, the number of lawsuits that were filed … The post Pace of TCPA Suits Continues to Decrease: WebRecon Data appeared first on AccountsRecovery.net.

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Denied for Student Loan Refinancing? What to Do Next

Nerd Wallet

With fixed interest rates as low as 3%, it’s a great time to refinance private student loans. Except if you can’t. Mario Martinez, a 29-year-old from Houston, owes approximately $130,000 in private student loans and hoped that refinancing could reduce the $1,600 he pays each month. “I’d finally have some wiggle room to do extra. Ryan Lane is a writer at NerdWallet.

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Pa. Bill Would Require Utilities to Credit Report All Payments

Account Recovery

A bill has been introduced in the Pennsylvania General Assembly that would require utility companies give consumers the option of opting in to have their payments reported to the three major credit reporting agencies as a means of helping consumers improve their credit scores. A copy of H.B. 2932, which was introduced by State Rep. … The post Pa.

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AmEx Green, Gold, Platinum Add Eats Pass From Uber; Gold to Get Uber Cash Perk

Nerd Wallet

There’s more to Uber than just rides, and starting Oct. 26, 2020, eligible American Express cardholders will get a 12-month test-drive of another Uber offering. Those who carry The Platinum Card® from American Express, American Express® Gold Card and American Express® Green Card credit cards will have access to a complimentary Eats Pass membership from Uber.

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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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Oct 26, Can They Place a Lien On My House for Credit Card Debt?

Debt Collection Answers

When can a credit card company place a lien on your house for credit card debts or other bills? Learn about your rights here.

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Travel Insurance Options for Digital Nomads

Nerd Wallet

Travel insurance can safeguard your nonrefundable reservations and reimburse you for any unexpected emergency medical costs that you incur while traveling. However, the travel insurance needs of those taking several short vacations per year will vary from those of digital nomads, who may spend significant portions of the year living and working from abroad.

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Dunning Letter with Zero Balance for Interest and Other Charges Not Misleading to Reasonable Unsophisticated Consumer under the FDCPA, Holds Seventh Circuit

Troutman Sanders

Plaintiff Joseph Degroot defaulted on a credit card debt, which was subsequently placed with a collection agency. The agency sent the plaintiff a collection letter stating that “interest and fees are no longer being added to your account,” which the plaintiff took to mean that the account had been charged off. The debt was then placed with a second agency, which sent the plaintiff its own collection letter that included an itemized breakdown of the debt, as follows: Balance Due at Charge-Off: $4

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Ring Doorbell Black Friday 2020 Deals: Are They Worth It?

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 27. As an Amazon-owned product, the Ring doorbell is sure to appear among the e-commerce giant’s Black. Lauren Schwahn is a writer at 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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Why Getting Credit Insurance is the Best Thing You Can Do For Your Business

JMA

There is always a chance you may be transacting with a fraudulent client and the thought can make any business owner wary. There is a lot of trust required in a business relationship – it really is a matter of whether the client will keep their end of the bargain or not. When you are. Read more » The post Why Getting Credit Insurance is the Best Thing You Can Do For Your Business appeared first on JMA Credit Control.

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Flight Review: Aer Lingus Business Class, Dublin to Boston

Nerd Wallet

I recently had the opportunity to fly Aer Lingus in business class from Dublin to Boston. Here are some insights from my experience before, during and after the flight that can help travelers looking at carriers for their next trans-Atlantic journey. How to book Aer Lingus business class Aer Lingus operates under the Avios loyalty. Ramsey Qubein is a writer at NerdWallet.

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OFAC Warns Companies About Facilitating Ransomware Payments

Troutman Sanders

On October 1, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory warning of the perils of facilitating ransomware payments involving malicious cyber-enabled activities. OFAC has seen an increase in ransomware attacks on various governmental entities, financial institutions, health care institutions, and educational institutions during the COVID-19 pandemic.

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Underrated Reasons Why You Need a Southwest Rapid Rewards Performance Business Card

Nerd Wallet

With the Southwest Rapid Rewards® Performance Business Credit Card, business owners not only earn valuable Rapid Rewards points redeemable for flights, but they get lots of other perks that can save money and time. Plus, travelers who want to earn Southwest A-List status or the famous Southwest Companion Pass can accelerate the process with this. Lee Huffman is a writer at NerdWallet.

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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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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). In response, Troutman Pepper developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Which United Credit Card Should You Get?

Nerd Wallet

United Airlines offers three branded credit cards from Chase: a basic card with no annual fee, a premium card with a high-end price tag, and an in-between card with an in-between fee. All three cards earn MileagePlus miles on spending, which you can redeem for free flights, seat upgrades, lounge passes and more. Here’s a rundown. Erin Hurd is a writer at NerdWallet.

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Troutman Pepper Commemorates FCRA 50th Anniversary

Troutman Sanders

October 26, 2020, marks the 50th anniversary of the Fair Credit Reporting Act (FCRA, 15 U.S.C. § 1681, et seq.), which along with the Fair Debt Collection Practices Act, Telephone Consumer Protection Act, Section 5 of the Federal Trade Commission Act, and the Truth in Lending Act, forms the foundation of federal consumer rights law in the United States.

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Smart Money Podcast: Remote Work Burnout and Saving for College

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of work-from-home burnout along with effective ways to avoid Zoom fatigue, Blursday and living in your sweatpants (not that there’s anything wrong with that). Then we pivot to this week’s question from Rob in San.

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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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How to Use Video in Sales For Prospecting [Script Included]

Arbeit Software

So. you want to learn how to use video in sales for prospecting? We were thinking the same thing! Keith Zadig, Relationship Development Representative Manager at Gravy , shared his secrets to creating a memorable prospecting video with us, plus a customizable script to guide your first video.

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Burr & Forman Welcomes Eight Associates Across Alabama and South Carolina

Burr Forman

BIRMINGHAM, Ala., October 26, 2020 – Burr & Forman LLP announces the addition of eight new associates in the firm’s Birmingham and Columbia office, strengthening multiple practice areas within the firm. Birmingham. In Birmingham, the firm welcomes associates Elena Bauer, Gabriell Jeffreys, Ryli Leader, Tucker Martin, Liz Moore, Lindsey Phillips and Corban Snider.

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Prosperity Now Newsletter: Findings from a National Poll, Highlighting Entrepreneurship, and More!

Prosperity Now

From the President & CEO Dear friends, It’s been an eventful October here at Prosperity Now and in our country.

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Women’s Podcast Series: A New Reality – Surviving and Thriving While Working Remotely

Burr Forman

In episode 3 of the Women’s Podcast Series, Burr partner Ginger Busby is joined by special guest Teresa Hairston, the Diversity and Inclusion Engagement Leader at Mercedes-Benz USA, to discuss the new reality of working remotely during the COVID-19 pandemic. The women talk about how to survive working remotely both mentally and physically, and the best practices for a productive remote working environment.

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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.