Fri.Jul 16, 2021

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Appeals Court Affirms Ruling For Defendants in FCRA Cases Over Ownership of Debts

Account Recovery

The Court of Appeals for the Seventh Circuit has affirmed the rulings from District Court judges in a consolidated appeal of seven Fair Credit Reporting Act cases in which the plaintiffs sued credit reporting agencies because they allegedly did not properly investigate claims that debts being reported by debt buyers on the plaintiffs’ credit reports … The post Appeals Court Affirms Ruling For Defendants in FCRA Cases Over Ownership of Debts appeared first on AccountsRecovery.net.

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Making the Most of First Class on Cathay Pacific

Nerd Wallet

Craving a truly luxurious first class flying experience? Then, Cathay Pacific first class may be just the ticket. But keep in mind that with a limited number of first-class seats available on the Hong Kong-based airline, scoring one of the airline’s most coveted seats won’t be easy. But it’s one splurge that may be well. Rachel Morgan Cautero writes for NerdWallet.

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Understanding the Importance of Technology

Account Recovery

I might be a little too far ahead of the curve here, which definitely wouldn’t be the first time that has happened, but I came across a report today detailing how our use of cash as a means of paying for stuff is falling faster than ever. That triggered a memory in my brain from … The post Understanding the Importance of Technology appeared first on AccountsRecovery.net.

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How I Ditched Debt: Getting On Board With a Budget for Baby

Nerd Wallet

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Steffa and CJ Mantilla Paid off: $71,361 in 5 years As a former zookeeper, Steffa Mantilla promises she didn’t use any animal training techniques to get her husband on board with a debt reduction plan. Hal M. Bundrick, CFP 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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Appeals Court Rules Boilerplate Disclosures Do Not Turn Letter into FDCPA Communication

Account Recovery

On many of my webinars, attorneys have exhorted companies in the accounts receivable management industry from being creative, at least when it comes to making required disclosures. Getting cute or creative is rarely a good idea. Now, the Eighth Circuit Court of Appeals has jumped on board this train, ruling that the use or boilerplate … The post Appeals Court Rules Boilerplate Disclosures Do Not Turn Letter into FDCPA Communication appeared first on AccountsRecovery.net.

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Daily Digest – July 16. Appeals Court Affirms Ruling for Defendants in FCRA Cases; Understanding the Importance of Technology

Account Recovery

APPEALS COURT AFFIRMS RULING FOR DEFENDANTS IN FCRA CASES OVER OWNERSHIP OF DEBTS The Court of Appeals for the Seventh Circuit has affirmed the rulings from District Court judges in a consolidated appeal of seven Fair Credit Reporting Act cases in which the plaintiffs sued credit reporting agencies because they allegedly did not properly investigate … The post Daily Digest – July 16.

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‘Back to Normal’ Boosts Pandemic Pup Costs

Nerd Wallet

Last summer, like millions of Americans, I brought home a 7-pound ball of fluff. Over the past year, my mini-goldendoodle has turned into 23 pounds of pure joy. Close to 1 in 5 households have acquired a dog or cat since the beginning of the COVID-19 pandemic, according to a recent survey from the ASPCA. Courtney Jespersen writes for NerdWallet. Email: courtney@nerdwallet.com.

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Judge Grants MSJ For Defense in FCRA Case, But Denies Motion for Sanctions Against Plaintiff’s Counsel

Account Recovery

A District Court judge in Michigan has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case while also denying the defendant’s motion for sanctions, but noting that he was “troubled” by the plaintiff’s counsel’s conduct in the case and “expressly” warning that “continuing to file and pursue similar baseless claims … The post Judge Grants MSJ For Defense in FCRA Case, But Denies Motion for Sanctions Again

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How to Make the Most of First Class on Japan Airlines

Nerd Wallet

Many travelers consider Japan Airlines’ first class cabin among the best in the world. Its open suites don’t have doors — and yet they feel exceptionally private. The seat is very spacious and feels as if it’s been designed to conform to the contours of your body. The gastronomical marvels prepared by the hand-picked celebrity. Andy Shuman writes for NerdWallet.

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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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Financial and Compliance Professional Stephanie Schenking Joins Crown Asset Management Team

Account Recovery

Crown Asset Management, LLC (CAM), a receivables management and specialty finance firm in Duluth, GA, proudly announces the addition of Stephanie Schenking as CAM’s Agency Relationship Manager. Ms. Schenking has over 20 years of experience in the financial services industry. As Agency Relationship Manager, she will serve as a liaison between CAM and network collection … The post Financial and Compliance Professional Stephanie Schenking Joins Crown Asset Management Team appeared first on Ac

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5 Bookkeeping Best Practices for Startups and Small Businesses

Nerd Wallet

Small-business owners know that smart money management is one of the most crucial aspects of success, regardless of how much revenue a company brings in. How you keep your books can make or break your business, because those records are the only true representation of your profits and losses. Building a consistent bookkeeping practice can. Katherine Fan writes for NerdWallet.

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15 High Dividend Stocks with 5%+ Yields

Credit Corp

This article originally appeared on The Financially Independent Millennial and has been republished here with permission. Disclaimer: Data accurate as of Jun 24, 2021. Income investors are always on the hunt for high dividend yields. But with stock prices at record highs, the average S&P 500 dividend yield is just 1.5%. And with interest rates near historic lows, income investors are starved for yield.

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How Bonus Depreciation Affects Business Taxes

Nerd Wallet

A concept that can be confusing and frustrating for small-business owners — especially come tax season — is depreciation. With depreciation, when you buy an asset (like a computer), even though the money has already left your bank account you can’t recognize the full expense. Luckily, there are tax-saving alternatives business owners can use, including bonus.

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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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Perception versus reality: Automation uptake in the finance industry

On Guard

The events of the last year or so have forced organisations to adapt quickly to remain competitive and maintain business stability. Despite signs of economic recovery, 2022 is set to see modest economic growth following a major downturn in 2020, representing continued challenges for finance professionals in their daily tasks. With the difficult economic climate proving a stumbling block for businesses, a Dun & Bradstreet survey of more than 1,200 CFOs and other finance professionals from a r

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How Long to Keep Business Tax Records

Nerd Wallet

One part of being a business owner means keeping records for everything, including what you’ve earned, what you’ve spent and where you’ve traveled. It can become easy to get swamped in paperwork, and you may be tempted to toss your records once your business taxes are filed. The IRS requires that you hang onto those. Erica Gellerman, CPA writes for NerdWallet.

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AmEx Marriott Cards Offer Bonus Rewards on Travel-Related Spending

Nerd Wallet

In the heat of summer travel season, two Marriott co-branded American Express credit cards are elevating rewards points on several travel spending categories. From July 14 through Sept 30, 2021, existing holders of the Marriott Bonvoy and the Marriott Bonvoy Brilliant™ American Express® Card can earn 6 Marriott Bonvoy points per dollar on the following.

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Which QuickBooks Product Do You Need?

Nerd Wallet

QuickBooks is well-known for its vast suite of small-business accounting software and currently offers six distinct products: QuickBooks Self-Employed, QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise and QuickBooks for Mac. One of the four QuickBooks Online plans will likely be the best choice for most small businesses. QuickBooks Online is a cloud-based, user-friendly solution.

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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.