Wed.Apr 14, 2021

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Optimism Abounds During Day 1 of RMAI’s Annual Conference

Account Recovery

LAS VEGAS — Hugs, handshakes, fist bumps, elbow bumps, and everything in between. Those were in full effect yesterday in and around the Aria Resort & Casino here as RMAI’s annual conference kicked off with hundreds of masked attendees seeing each other for the first time in a year or more. With plenty of talk … The post Optimism Abounds During Day 1 of RMAI’s Annual Conference appeared first on AccountsRecovery.net.

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How to Rethink ‘Home’ and ‘Travel’ if Your Job Is Now Remote

Nerd Wallet

As some workers begin returning to the office this year, others have been offered the opportunity to work from home indefinitely. Twitter, Dropbox, NerdWallet and many other tech companies will let employees go fully or nearly fully remote, freeing them from commutes and packed elevators. Yet what are the travel options and realities if you’re. Sam Kemmis writes for NerdWallet.

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Answering Credit Reporting Questions on Deleting Tradelines

Account Recovery

There is a common theme to the three questions posed by members of the accounts receivable management industry to our credit reporting expert — Alicia Mckeighan, the Chief Compliance Officer at Afni — in the next episode of “Ask The Credit Reporting Expert” and that common theme is one that is at the core of … The post Answering Credit Reporting Questions on Deleting Tradelines appeared first on AccountsRecovery.net.

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Paying Off Credit Cards Takes Money and the Right Mindset

Nerd Wallet

Credit card debt can be very expensive. But if you’re paying only the minimum when you can afford to do more, it could be that your past is to blame. When you carry a balance on one or more cards from month to month, you wind up paying far more for the items charged as. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter.

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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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FCC Announces Actions to Combat Illegal Robocalls

Account Recovery

The Federal Communications Commission undertook a number of actions yesterday related to blocking illegal and unwanted robocalls, including sending cease and desist letters to two carriers that “appear to be transmitting multiple unlawful robocall campaigns” and seeking updated information from all carriers and developers of call-blocking tools to learn more about the tools available to … The post FCC Announces Actions to Combat Illegal Robocalls appeared first on AccountsRecov

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Debt Settlement Firm to Pay $1.4M in Fines and Redress in Agreement with CFPB

Account Recovery

The Consumer Financial Protection Bureau yesterday announced an enforcement action against a debt settlement company that has ties to the very creditors it was trying to help consumers get out of debt from, fining the company $750,000 and ordering it to repay $646,000 back to its customers. The company, Settlet, Inc., was accused of violating … The post Debt Settlement Firm to Pay $1.4M in Fines and Redress in Agreement with CFPB appeared first on AccountsRecovery.net.

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How to Become an Airbnb Host and How Much Can You Make?

Nerd Wallet

If you’ve traveled recently, there’s a good chance you paid to stay in someone else’s home rather than a hotel, and you did so because of Airbnb. If your experience was positive, you might be asking how to become an Airbnb host yourself. While less involved than starting a business from scratch, there are still. Eric Goldschein writes for NerdWallet.

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Judge Rules Attorneys Fees Discoverable in FDCPA Class Action

Account Recovery

In a case that is being defended by the team at Malone Frost Martin, a District Court judge in Texas has granted a defendant’s motion to compel documents related to the plaintiff’s attorneys’ fees, costs, fee arrangements, and billing records in a Fair Debt Collection Practices Act class-action lawsuit, ruling that the information is discoverable. … The post Judge Rules Attorneys Fees Discoverable in FDCPA Class Action appeared first on AccountsRecovery.net.

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COVID Safety Rules May Limit Your Trip — Even If You’re Vaccinated

Nerd Wallet

You’ve finally gotten your vaccine and are ready to roar into 2021. You might hug Grandma for the first time in a year, and you’re finally set to jet off to hike Machu Picchu. Even newly issued guidance from the Centers for Disease Control and Prevention agrees that travel is low-risk for vaccinated people. Not. Sally French writes for NerdWallet. Email: sfrench@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 – April 14. Optimism Abounds During Day 1 of RMAI Conference; Answering Credit Reporting Questions About Deleting Tradelines

Account Recovery

OPTIMISM ABOUNDS AT DAY 1 OF RMAI’S ANNUAL CONFERENCE Hugs, handshakes, fist bumps, elbow bumps, and everything in between. Those were in full effect yesterday in and around the Aria Resort & Casino here as RMAI’s annual conference kicked off with hundreds of masked attendees seeing each other for the first time in a year … The post Daily Digest – April 14.

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What to Do if a Credit Card Issuer Lowers Your Credit Limit

Nerd Wallet

If a credit card issuer cuts your credit limit, you won’t be able to charge as much on the card, and you might see your credit scores drop. This happened to many cardholders in 2020 amid the economic uncertainty of the COVID-19 pandemic, for example. A lower credit limit could be bad, depending on how. Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com.

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Appeals Court Rules That a Discharge Injunction Bars a Fraudulent Transfer Claim Based on a Non-Dischargeable Debt

PBWT

A discharge of debt in bankruptcy “operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the debtor.” 11 U.S.C. § 524(a)(2). Certain debts, however, including debts “for violation of. any of the State securities laws,” are not subject to discharge.

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The 4 Best Accounting Blogs to Find Free Expert Advice

Nerd Wallet

One of the biggest challenges many business owners face is finding quality expert accounting advice and information. Although it’s always best to find and work with a qualified accounting professional, there are a number of free accounting blogs online that can also be extremely helpful. We’ve compiled a list of four of the best accounting blogs. Heather D.

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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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Supreme Court’s Facebook Decision Upends TCPA Litigation Landscape

TCPA

TCPA Blog’s Michael Daly will be participating in a webinar titled “Supreme Court’s Facebook Decision Upends TCPA Litigation Landscape.” This webinar on Thursday, April 22, 2021, will delve into the Supreme Court’s decision in Facebook v.

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Buy the Car You Loved in High School (Without Losing Your Shirt)

Nerd Wallet

A few decades late, you’ve finally got the cash to buy the car you coveted in high school. You can picture yourself behind the wheel, finally looking really cool. But do you have any idea what you’re getting yourself into? “I tell people, ‘Cool your heels, you’ve waited this long, find the best one you. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Second Circuit Holds Reporting a Judgment as “Satisfied” was Accurate and Provides Guidance on Defending Claims for Willfully Violating the FCRA

Troutman Sanders

The Second Circuit Court of Appeals recently upheld a ruling that reporting a judgment as “satisfied” was accurate under the Fair Credit Reporting Act (FCRA) when the underlying lawsuit was dismissed by stipulation as “settled” without the prior judgment being vacated. The Second Circuit further held that entities alleged to have willfully violated the FCRA are not required to have acted in conformity with a proposed interpretation of the FCRA in order to avail themselves

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TD Ameritrade vs. Robinhood: 2021 Comparison

Nerd Wallet

The biggest difference between TD Ameritrade and Robinhood is that TD Ameritrade typically appeals to advanced, active traders, offering a wide investment selection, several high-quality trading platforms and a deep library of research and data. Robinhood, on the other hand, seeks to attract beginner investors who prioritize streamlined mobile trading and low costs.

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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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Why do Acquiring Banks Perform a Risk Review?

Payment Savvy

Card brands, such as Visa and MasterCard, assess risk levels before boarding a merchant. Due to an acquiring bank processing card funds on behalf of merchants, MasterCard and Visa delegate this risk review to them. Merchant’s Risk Review. Determining merchant risk is not clear-cut. There are numerous factors to carefully consider and weigh. These factors include: .

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14 Food Franchise Opportunities

Nerd Wallet

If you’ve been dreaming of opening a restaurant, you may have come across franchising in your research. While the risk of opening a restaurant isn’t quite as dire as you may think, buying a food franchise mitigates much of that risk. By entering the franchise’s established framework, you’ll benefit from the business’s name recognition, business. Christine Aebischer writes for NerdWallet.

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Fiery Senate Hearing on Student Loans

Public Citizen

Forbes has an account here. Forbes has a paywall but if you haven't read any Forbes articles this month, you should be able to read the article. There's a lot in the article worth reading, but here's a short excerpt: Senator Warren opened the hearing by highlighting how student loan debt exacerbates the racial wealth gap, noting that, “After 20 years, the median Black borrower still owes 95% of the original amount borrowed.

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How to Get and Use Southwest Drink Coupons

Nerd Wallet

Southwest Airlines offers a variety of free beverages in-flight, including soft drinks, tea, hot chocolate and coffee. Beer, wine and spirits, on the other hand, come with a price tag of $6 to $7 per drink. Scoring Southwest drink coupons can save you money on those purchases. You can earn free drink coupons when you. Rebecca Lake 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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CFPB Proposes Delay of Effective Date for Debt Collection Rules

Consumer Finance Watch

Jonathan K. Moore and Louise Bowes Marencik On April 7, 2021, the Consumer Financial Protection Bureau (“CFPB”) issued a Notice of Proposed Rulemaking delaying the effective date of its recent debt collection final rules.

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Best Coffee Shop POS Systems

Nerd Wallet

The coffee shop industry is hot right now, with a market valuation of over $45 billion and an expected annual growth rate of nearly 3%. Capitalize on America’s coffee craze with these top five coffee shop POS systems for any type of coffee shop. What to look for in a coffee shop POS Running a. Matthew Speiser writes for NerdWallet. Email: mspeiser+wpguestuser@nerdwallet.com.

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NCBA SPRING 2021

Collection Industry News

Location: ORLANDO, FL. Date: MAY 19-21,2021. The post NCBA SPRING 2021 appeared first on Collection Industry News.

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How to Start a Clothing Line: The Ultimate 12-Step Guide

Nerd Wallet

Maybe you’ve been sketching designs since you were a kid, have been making your own award-winning Halloween costumes for decades, and have already sold out of the custom T-shirts you’re making out of your garage. Or maybe you’re just intensely entrepreneurial (and obsessed with style) and want a piece of the trillion-plus dollars floating around. Caroline Goldstein writes for NerdWallet.

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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.