Fri.Sep 30, 2022

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Getting to Know Nickole Fratz of FBCS

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Nickole Fratz of

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New SDNY Decision on Administrative Priority for Executory Contracts

PBWT

To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” 11 U.S.C. § 503(b); id. § 507(a)(2). Section 365 of the Bankruptcy Code permits the assumption or rejection of any executory contract—a contract in which the parties have ongoing duties of performance to each other

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Regions Bank Fined for Surprise Overdraft Fees

Account Recovery

In a consent order that was announced yesterday with the Consumer Financial Protection Bureau, Regions Bank has agreed to pay $191 million in fines and restitution after it was accused of charging its customers “illegal surprise” overdraft fees on certain purchases. A copy of the consent order can be accessed by clicking here. Regions will … The post Regions Bank Fined for Surprise Overdraft Fees appeared first on AccountsRecovery.net.

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Own a Kia or Hyundai? Here’s Why Your Insurance Rates Could Go Up

Nerd Wallet

Thieves inspired by social media are stealing certain models of Kias and Hyundais with little more than a phone-charging cable. The trend started in Milwaukee before spreading to cities nationwide. It has led to multiple lawsuits filed against the carmakers. Plaintiffs allege that Kia and Hyundai defrauded consumers by selling unsafe vehicles that lack a.

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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 – September 29. Getting to Know Nickole Fratz of FBCS; Groups Sue CFPB

Account Recovery

GETTING TO KNOW NICKOLE FRATZ OF FBCS Is there a parallel that can be drawn between someone who trains collectors, but said that if she weren’t in this industry, she would be teaching second graders? All kidding aside, the accolades are piling up for Nickole Fratz, the latest in a line of family members who … The post Daily Digest – September 29.

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‘Team Tom’ Raises $37,000 to Benefit Cars Curing Kids?

Account Recovery

(MADISON, Wis., September 29, 2022) – Thanks to the generosity of State team members, our vendor partners, and industry friends, State is thrilled to announce its “Team Tom” campaign raised $37,000 to benefit Cars Curing Kids! “I am overwhelmed by the number of people who joined ‘Team Tom’ to support me and Cars Curing Kids,” … The post ‘Team Tom’ Raises $37,000 to Benefit Cars Curing Kids appeared first on AccountsRecovery.net.

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Patchwork of Compliance Regulations

True Accord

Anyone working in the collections space should be familiar with the federal Fair Debt Collection Practices Act (“FDCPA”) and its regulation, Regulation F; but did you know that there are multiple debt collection laws and regulations at the state and local level too? State and local laws and regulations often mirror aspects of the FDCPA, however, there are a handful which are remarkably different from the FDCPA.

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Judge Grants Motion to Remand Hunstein Class Actions Back to State Court

Account Recovery

A District Court judge in Illinois has granted motions in two separate Fair Debt Collection Practices Act class-action lawsuits to remand the cases back to state court, ruling the plaintiffs lacked standing to sue in federal court. Copies of the rulings in Navarroli v. Medicredit and Maldonado v. Credit Control Services can be accessed by … The post Judge Grants Motion to Remand Hunstein Class Actions Back to State Court appeared first on AccountsRecovery.net.

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Medicare vs. Medi-Cal: What’s the Difference?

Nerd Wallet

Medicare and Medi-Cal are government-run health insurance programs, but each is designed to serve specific populations: Medicare is federal health insurance for those 65 or older as well as younger people who have end-stage renal disease or certain disabilities. Medi-Cal is California’s Medicaid plan. It’s a state-federal program designed to serve people whose income and.

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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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Groups Sue CFPB Over Anti-Discrimination Policy

Account Recovery

A group of financial services organizations, along with the U.S. Chamber of Commerce, yesterday sued the Consumer Financial Protection Bureau, alleging the regulator overstepped its statutory authority when it warned companies about engaging in activities that could be found to be discriminatory and claiming that it is acting outside of the powers that it was … The post Groups Sue CFPB Over Anti-Discrimination Policy appeared first on AccountsRecovery.net.

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Can a Dealership Refuse Outside Financing?

Nerd Wallet

Car dealerships have the right to refuse your outside financing, and they don’t need a special reason to do so. Although legal, the practice can be frustrating for buyers who don’t want to be forced into dealer-arranged financing, especially if they’ve already been preapproved for an auto loan with better rates. Why dealers refuse outside. Benjamin Din writes for NerdWallet.

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Which MLA Safe Harbor Are You Using? Recent Decision Highlights Overlap and Distinction Points

Troutman Sanders

A recent federal court decision from the Northern District of Texas offers some useful lessons and insights for creditors relying on the Military Lending Act’s (MLA) safe harbors for verifying whether a consumer is a “covered borrower.”. In Greenwood v. Cottonwood Financial, Ltd. , 2022 WL 3754706 (N.D. Tex. 2022) ( see also court decision here ), the plaintiff obtained a high-APR cash advance from a lender that used status reports from a nationwide consumer reporting agency (CRA) to verify appl

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How to Optimize Chase Freedom Flex, Discover it Cash Back for Q4 2022

Nerd Wallet

These days, even small discounts can be a big deal to help offset rising prices. From Oct. 1 to Dec. 31, 2022, cardholders of the Chase Freedom Flex℠ and select Discover cards like the Discover it® Cash Back can earn 5% cash back on up to $1,500 in combined quarterly spending in the following categories: Craig Joseph writes for NerdWallet. Email: cjoseph@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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Meet Our 2023 FICO Decisions Awards Judges

Fico Collections

Home. Blog. FICO. Meet Our 2023 FICO Decisions Awards Judges. Panel of 8 global experts to review outstanding results with AI, machine learning and digital transformation. Saxon Shirley. Thu, 05/12/2022 - 10:29. by Nikhil Behl. expand_less Back To Top. Thu, 09/29/2022 - 15:15. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, mana

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How to Earn Radisson Rewards Americas Points

Nerd Wallet

While certainly not the biggest hotel chain in America, Radisson’s loyalty program, Radisson Rewards Americas, is the best. At least that’s according to NerdWallet’s annual rating of the best hotel loyalty programs. When you stay at a Radisson hotel in the Americas — which includes properties in the U.S., Canada, Latin America and the Caribbean. Sally French writes for NerdWallet.

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How to Cultivate Better Relationships with Debtors

Credit Management Company

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Falling on hard times or being unable to meet financial obligations is never a smooth process, but there are steps creditors can take to create better relationships with debtors. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA)

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4 Things to Know About Pet Travel Insurance

Nerd Wallet

Traveling with your pet can be so rewarding; but it can also be a huge hassle. Between ever-changing airline policies regarding emotional support animals, to needing to shell out a few hundred dollars for a round-trip flight for your furry friend, traveling can get complicated (and costly) fast. And that’s if everything goes according to. Alisha McDarris writes for 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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FTC Notice of Proposed Rulemaking for Voluntary Products in Automobile Finance Transactions

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and his guests and colleagues Alan Wingfield and Brooke Conkle as they discuss the Federal Trade Commission’s (FTC) recent Notice of Proposed Rulemaking governing voluntary products in automobile finance transactions. During the podcast, they examine the requirements imposed on both advertising practices and the sales process and what it means for the automotive industry.

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Greg Meese and Ed Purcell Present the Rules of Small Wireless Facility Siting to a National Audience.

Price Meese

Greg Meese and Ed Purcell will be presenting a nation-wide webinar for Thomson Reuter’s West Legal Education Center entitled “Rules of the Road-Siting Small Wireless Facilities in the Public Rights-of-Way” on October 5, 2022 at 12:00 p.m. Fifth generation (“5G) wireless technology is the future of communications in the United States. Small wireless facilities, located in every city’s public right-of-way, will be needed to roll out these new 5G services.

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How to Cultivate a Happier Retirement

Nerd Wallet

Researchers have identified several factors besides money that contribute to a happier retirement, including good health, strong relationships and a sense of purpose. But setbacks are inevitable, in life and in retirement. Not everyone enjoys good health — and no one enjoys it forever. Loved ones die or move away. The pursuits you thought would. Liz Weston, CFP® writes for NerdWallet.

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