Wed.Jun 09, 2021

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Daily Digest – June 9. Collector to Pay $900k After Being Sued by Wash. AG; Judge Holds Debt Buyer Liable for Actions of Collector

Account Recovery

COLLECTOR TO PAY MORE THAN $900K IN RESTITUTION, FINES AFTER BEING SUED BY WASHINGTON AG The Attorney General of Washington yesterday announced an enforcement action against a collection agency for alleged unlawful debt collection practices, including assessing fees and costs to individuals without not collecting any money from them, operating without a license for more … The post Daily Digest – June 9.

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How Clean Is Your Hotel?

Nerd Wallet

In 2020, many vacationers turned to glamping, RVs and vacation rentals amid fears that hotels might not be the safest place to stay. After all, stepping into a shower that a stranger used yesterday may have already given germophobes the jitters — even before COVID-19 became the fastest-growing word in the lexicon. So, is it. Sally French writes for NerdWallet.

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Collector To Pay More Than $900k in Fines, Restitution After Being Sued by Washington AG

Account Recovery

The Attorney General of Washington yesterday announced an enforcement action against a collection agency for alleged unlawful debt collection practices, including assessing fees and costs to individuals without not collecting any money from them, operating without a license for more than a year, and failing to offer legally required garnishment exemptions to hundreds of Washingtonians. … The post Collector To Pay More Than $900k in Fines, Restitution After Being Sued by Washington AG appea

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How to Know When It’s Time to Ditch a Starter Credit Card

Nerd Wallet

As far as first credit card relationships go, it’s been good. Your starter card has taught you to be responsible and to think differently about your financial priorities, and it’s taught you that time (and bills) wait for no one. But eventually, your first credit card relationship needs to evolve. Breaking up with the card. Erin Hurd writes for NerdWallet.

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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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Trade Groups Oppose Call Blocking Petition

Account Recovery

A number of financial services trade associations — including ACA International — have filed a comment opposing a petition from a telecom organization that seeks to give voice service providers more flexibility when notifying consumers of calls that have been blocked. The comment requests that the Federal Communications Commission use the notification mechanisms that it … The post Trade Groups Oppose Call Blocking Petition appeared first on AccountsRecovery.net.

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Judge Holds Debt Buyer Liable for Actions of Collector in Partially Granting Plaintiff’s MSJ in FDCPA Case

Account Recovery

On remand from the Ninth Circuit Court of Appeals, a District Court judge in Oregon has partially granted a plaintiff’s motion for summary judgment, ruling that a debt buyer who places accounts with a debt collector can be held vicariously liable for the actions of the debt collector, because the debt buyer “bear[s] the burden” … The post Judge Holds Debt Buyer Liable for Actions of Collector in Partially Granting Plaintiff’s MSJ in FDCPA Case appeared first on Acco

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One Million Children Should Not Be Left Out of the Child Tax Credit

Prosperity Now

The recent expansion of the Child Tax Credit (CTC) under the American Rescue Plan is meant to provide relief to

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New Law in Arizona Changes Homestead Exemption for Judgment Creditors

Account Recovery

A bill has been signed into law in Arizona that raises the homestead exemption on judgments to $250,000 from $150,000, but has “gutted the protections” that were previously included in the state, according to one bankruptcy attorney, because the law now allows any judgment to be attached to a home and allows judgments to be … The post New Law in Arizona Changes Homestead Exemption for Judgment Creditors appeared first on AccountsRecovery.net.

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These Millionaires Reveal Their Top Money Secrets

Credit Corp

It’s common knowledge that millionaires handle their money differently than many, but what’s their secret? Does education have anything to do with it? Some say that you have to work hard, and others suggest saving every penny. But, which one is right for you? In this article, I interviewed these millionaires and asked them a very basic question: “As a millionaire, what is your number one money secret that could help others on their way to financial independence?

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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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Car Theft Is Up in the U.S.: Here’s How to Cover Yourself

Nerd Wallet

Car theft has risen dramatically in the U.S. during the pandemic — in 2020, it was up almost 10% from the prior year — reversing a two-year decline, according to an analysis of federal crime data by the National Insurance Crime Bureau, an industry organization that focuses on insurance fraud. On top of that, catalytic. Kayda Norman writes for NerdWallet.

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EEOC Issues New Guidance on Workplace Vaccine Policies

Fraser

On May 28, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding employment vaccination programs. As discussed below, the EEOC’s updated guidance provides additional information concerning key issues such as whether: Employers may mandate vaccines. An employee’s vaccination status is confidential medical information.

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Starting a Business in Virginia: The Ultimate Guide

Nerd Wallet

Virginia’s a great place for small businesses. If you’re thinking of starting a business in VA, you’re already ahead of the game simply by basing your venture in the Mother of States: In their annual study, CNBC deemed Virginia the top state for business in 2019, taking the top spot in a methodology that weighed. Caroline Goldstein writes for NerdWallet.

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A New Partnership for HomeReserve, Expanding Financial Well-being for Youth

Prosperity Now

What would it be like for 18-year-olds to be on track to be homeowners by 21?

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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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How to Sell Your Home to an iBuyer

Nerd Wallet

If you’re primed to move to your next house but are less enthused for the hassle and uncertainty of selling a home, selling to an iBuyer may be an option. Though iBuyers aren’t yet in every market, their ability to provide a nearly instant offer for your home is rapidly spreading. Intrigued by the idea. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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Which Procedural Rules Apply to Non-Core, “Related-To” Matters in Federal District Court?  Another Circuit Court Addresses the Issue

PBWT

At stake in a recent decision by the First Circuit was this: when a bankruptcy matter is before a federal district court based on non-core, “related to” jurisdiction, should the court apply the Federal Rules of Bankruptcy Procedure or the Federal Rules of Civil Procedure? The First Circuit ruled that the former apply, and in so doing joined three other circuits that have also considered this issue.

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How to Start a Graphic Design Business

Nerd Wallet

Deciding to start a business is a big step for any entrepreneur. However, what follows are many more steps to successfully launch and grow your business. For those with an eye for design and the technical skills, you may be wondering how to start a graphic design business. In this guide, we’ll break down all of. Sally Lauckner writes for NerdWallet.

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Robert Rosen Selected as President of the North Florida Chapter of JDRF

Burr Forman

Florida Partner, Robert Rosen has been selected to serve as the new Central Florida Board President of the North Florida Chapter of JDRF. Rob has been involved with the local chapter of JDRF for over 10 years, serving on the local board for seven of those years and was a former Board President. According to the chapter, “Rob has always been willing to serve in any capacity for JDRF and that is truly appreciated.” Rob serves as a Partner in the firm’s Real Estate and Lending Pra

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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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High Net Worth: What It Means to Be a HNWI

Nerd Wallet

Many people use net worth — the number you get when you subtract your debts from your assets — to measure wealth. But what number do you have to reach to become a high net worth individual, and what exactly does that status mean? Here’s what to know. What is a high net worth individual? Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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The Must-Have Travel Agency Payment Solution

Payment Savvy

With the global pandemic thankfully coming to a close, travel agencies are once again experiencing growth. People are eager to itch their travel urges after spending the past year cooped up staring at the wall. With this business boom, your payment offerings must be current and all-encompassing. While it’s enticing to add the latest and greatest, keeping a few tried and true payment solutions is a must to ensure your entire customer base can pay when they want and how they want.

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Inova Payroll Review: Pros, Cons, Alternatives

Nerd Wallet

Inova Payroll is a tech company that has been offering payroll, HR and human capital management solutions since 2011. Although there isn’t much information on Inova Payroll pricing online — which typically suggests a general lack of transparency — reviews from customers are some of the most positive in the industry. Larger businesses looking for. Maddie Shepherd writes for NerdWallet.

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Everything You Must Know About Sending Money to Slovenia

TAMSEY

Slovenia is popular for its divine nature, friendly people, and delicious food. The people living in Slovenia are known to be friendly and open-minded. Thus, it can be a great place for personal or professional purpose. Also, the country ranks in the top 10 on the Global Peace Index, which is great. But, Slovenians living outside the country lack reliable international money transfer services.

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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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Gusto vs. Zenefits: Which Is Best for Your Business?

Nerd Wallet

Gusto is an easy-to-use payroll platform for small businesses with add-on services for things like benefits administration and retirement planning. Zenefits is more of an HR platform that offers payroll as an add-on service. Zenefits is a cheaper option for very small businesses, but as your business scales, Gusto is more cost-efficient. Overall, Gusto is.

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Bar-Gill & Ben-Shahar paper on manipulation of consumers

Public Citizen

Oren Bar-Gill of Harvard and Omri Ben-Shahar of Chicago have written  Manipulation by Mislaid Priorities. Here is the abstract: This paper lays a foundation for a new theory of manipulation, based on the misprioritization of (truthful) information. Since consumers review only a subset of all available information, firms can harm consumers by prioritizing information that maximizes firms’ profits but has a smaller impact on the utility that consumers stand to gain from the purchase.

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Are There Instant-Approval Business Credit Cards?

Nerd Wallet

No business credit cards offer instant approval, strictly speaking. But some cards advertise fast decision times of less than 60 seconds and may provide your credit card number before your physical card so you can start spending immediately. Business owners with good to excellent credit (a FICO score of at least 690) stand the best. Meredith Turits writes for NerdWallet.

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Nassau County Imposes Extra Requirement to Obtain Debt Collection Judgments

FFGN COLLECT NY

Interested in entering a judgment to get closer to collecting in your New York debt collection case? If so, and you sued in Supreme Court, Nassau County, you will want to know about an extra requirement to obtain a default judgment in your debt collection case. As we wrote in a previous post, New York’s unified court system is not exactly unified.

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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.