Account Recovery

JANUARY 25, 2021

The Attorney General of Washington state is seeking to increase the penalty for violating the state’s consumer protection act by more than 500%, claiming that the increase is overdue because the fine limit has not been increased since the state law went into effect five decades ago. The proposed legislation put forth by Attorney General … The post Washington AG Proposes Increasing Consumer Protection Act Fines by 500% appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 25, 2021

Budget? Me? Heck, I can’t even stand to read the directions when I have to assemble something, you say. Have a written plan for my finances? You’re kidding, right? If this sounds familiar, we feel you. Budgeting isn’t for everyone. But here’s the thing: You don’t have to follow a budget to keep your finances. Hal M. Bundrick, CFP writes for NerdWallet.

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Account Recovery

JANUARY 25, 2021

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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Nerd Wallet

JANUARY 25, 2021

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. The COVID-19 pandemic and shutdown upended our lives on multiple fronts. While enduring widespread unemployment and the economic downturn, many Americans leaned on their.

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Education 115

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.

Account Recovery

JANUARY 25, 2021

A District Court judge in Indiana has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because the internal account numbers it referenced in two collection letters — seeking to collect the same debt owed to the same creditor — were different. A copy of the … The post Judge Grants MTD in FDCPA Case Over Different Internal Account Numbers in Collection Letters appeared first on AccountsRecovery.net.

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Account Recovery

JANUARY 25, 2021

Jacksonville, Fl – Imagined.Cloud and LegalStream are excited to announce that they have joined forces to deliver a platform that seamlessly manages legal account outsourcing. Imagined.Cloud and LegalStream are now integrated to provide a seamless interface for the lifecycle management of outsourced legal accounts. The integrated platforms provide end-to-end visibility, transparency and complete reconciliation of … The post Improved Insights for Your Legal Recovery Process appeared first o

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Fico Collections

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. I will define it here for financial services and regulated companies as the business strategy and processes by which an organization establishes who a customer is and ensures that activity on their accounts is carried out by them. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact.

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Nerd Wallet

JANUARY 25, 2021

Medicare does not pay most costs of nursing home care. But there are alternative ways to pay much of these expenses, which reached a median of $105,850 annually in 2020 for a private room, according to a survey by Genworth, a provider of long-term care insurance. A third of people who are 65 in 2021. John Rossheim writes for NerdWallet. Email: USexpansion@nerdwallet.com.

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UK debt collections

JANUARY 25, 2021

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor. The latest research for Q4 2020 recorded the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown.

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Construction Financial services Government Trade 93

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Collections

Nerd Wallet

JANUARY 25, 2021

Credit scores are designed to help lenders understand how likely you are to repay borrowed money. Credit-scoring companies apply a mathematical formula to data about how you’ve handled credit in the past — and that data comes from your credit reports. You have a right to see your credit reports, and taking a look at. Bev O'Shea writes for NerdWallet.

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Lender 83

Fico Collections

JANUARY 25, 2021

At FICO, we are continuously innovating scoring products and services that create greater financial inclusion across communities and empower lenders’ decision making. We are a longtime leader in incorporating alternative data, which is typically not housed at the credit bureaus, to help expand credit access for consumers who are otherwise ineligible for a traditional credit score.

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Lender 52

Nerd Wallet

JANUARY 25, 2021

If you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers can charge you more for it). Drivers with poor credit pay an average of 77%. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com.

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Auto Insurance 80

Troutman Sanders

JANUARY 25, 2021

Session: Matching: Beyond the Basics. Date & Time: 4/19/2021 2:30 – 3:00pm ET. Please join Troutman Pepper attorney’s David Anthony , Cindy Hanson , and Tim St. George for the virtual PBSA Mid-Year Legislative & Regulatory Conference. They will be hosting a presentation titled, “Matching: Beyond the Basics” on April 19, 2021 from 2:30 – 3:00pm ET.

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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?

Banks

Nerd Wallet

JANUARY 25, 2021

As you take a closer look at your financial footing amid the headwinds of a pandemic, it’s an excellent time to examine the possible impact of a Joe Biden presidency on money matters. The balance of Congress has shifted following the Georgia runoffs, providing possible momentum for President Biden’s agenda. A $2,000 COVID check, taxes, Hal M. Bundrick, CFP writes for NerdWallet.

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Burr Forman

JANUARY 25, 2021

Burr’s Chip Collins has been appointed by Senator John Albers to the City of Sandy Springs Charter Commission. Chip is currently the chair of the Sandy Springs Development Authority and has previously served as a city council member. He is a past president of the Sandy Springs Perimeter Chamber and remains on the Board of that organization. The Charter Commission is comprised of Sandy Springs residents who review the Charter and the City’s history and make recommendations to the Georgia General

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Nerd Wallet

JANUARY 25, 2021

Spirit Airlines’ new program is now live, and as previously announced, the changes are very customer-friendly. Details of Spirit’s new credit cards were also provided, and for Spirit loyalists, they offer a lot of perks. Here’s what you need to know about the new program. The new Free Spirit loyalty program The new program is. Elina Geller writes for NerdWallet.

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TCPA

JANUARY 25, 2021

The TRACED Act’s December 30, 2020 deadline was not the end of the FCC’s recent series of actions to bring more clarity to certain forms of TCPA exemptions.

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Healthcare 52

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Collections

Nerd Wallet

JANUARY 25, 2021

Elite status in a hotel loyalty program can get you perks like suite upgrades, points bonus on paid stays, executive lounge access and late checkout — but only at hotels within the chain. Stay with another chain and you will be treated the same as any other traveler, with no special perks and no prestige. Dan Miller writes for NerdWallet. Email: travel@nerdwallet.com.

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Consumer Finance Watch

JANUARY 25, 2021

Andrea M. Roberts and Diana M. Eng In CitiMortgage, Inc. v. Ramirez, 2020 WL 7647749, at *3 (3d Dept. Dec. 24, 2020), the Appellate Division, Third Department, held that CitiMortgage, Inc.

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Collections 52

Nerd Wallet

JANUARY 25, 2021

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of NerdWallet’s Best-Of Awards, which list the best financial products and providers. Then we pivot to what people need to know if they want to buy a home this year. Check out this episode on. Liz Weston writes for NerdWallet.

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Burr Forman

JANUARY 25, 2021

The Top Patent Law Firms of 2020 list released this month and highlighted in Law360 reveal Burr & Forman has moved up 144 spots in the rankings. The law firms recognized on the list must have obtained at least 50 U.S. utility patents in 2020 where they are listed on the front of the patent. Burr & Forman secured 176 utility patents in 2020 resulting in a 64% increase in the firm’s number of issued patents in 2019.

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Law Firms 40

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.

Nerd Wallet

JANUARY 25, 2021

If you have a travel credit card that includes a Priority Pass lounge membership, you can put it to good use by planning your travel through airports that have some of the top lounges in the country. Visiting a great airport lounge can make a significant difference in your airport and travel experience with a. Natasha Gabrielle writes for NerdWallet.

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Collection Industry News

JANUARY 25, 2021

As previously reported , the Economic Growth, Regulatory Relief, and Consumer Protection Act (Growth Act), passed in June 2018, created an exemption from the requirement to maintain an escrow account in connection with a higher-priced mortgage loan (HPML) for insured depository institutions and insured credit unions (insured creditors) that meet certain conditions.

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Loans Creditors Credit Unions Credit Unions 40

Micro Bilt

JANUARY 25, 2021

Compliance is critical for lenders who work with military service members and their dependents to help you avoid the penalties and fines associated with failure to comply. These are some of the more critical details for lenders to be aware of when working to ensure you stay within Military Lending Act compliance.

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Collection Industry News

JANUARY 25, 2021

Though a woman defeated a debt collector’s claim for arbitration, her lawsuit challenging the creditor’s debt collection practices lacks standing, the 7th Circuit Court of Appeals has affirmed. Judge Frank Easterbrook wrote the five-page order Thursday in Francina Smith v. GC Services Limited Partnership and ORG GC GP Buyer, LLC , 19-3494. The debt at issue involves plaintiff-appellant Francina Smith and her Sam’s Club credit card obtained through Synchrony Bank.

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Credit Unions