Thu.Oct 14, 2021

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CFPB Announces Leadership Changes on Chopra’s First Day on the Job

Account Recovery

On his first full day on the job at the Consumer Financial Protection Bureau, former Acting Director Mick Mulvaney brought donuts with him, ostensibly for the protestors he expected to be there to oppose his appointment. Encountering none, Mulvaney ended up giving the donuts his new employees. There aren’t any reports of protestors or donuts … The post CFPB Announces Leadership Changes on Chopra’s First Day on the Job appeared first on AccountsRecovery.net.

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Scam Alert: ‘Prove to Me You Are a Human and Not a Bot’

Nerd Wallet

Journalist Kelly Rissman of New York City had advertised some furniture online with not so much as a nibble when “Jaree” sent a message via the OfferUp resale app asking if it was still available. Jaree asked for Rissman’s phone number, then texted to say she would send a code that Rissman could text back. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

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Plaintiff in a Hunstein Copycat Class Action Does Not Have Standing to Sue in Federal Court, NDIL Judge Rules

Account Recovery

In a case that is being defended by David Schultz and the team at Hinshaw Culbertson, a District Court judge in Illinois has granted a plaintiff’s motion to remand a Hunstein class action lawsuit back to state court, disagreeing with the Eleventh Circuit Court of Appeals’s ruling in the case and determining that the plaintiff … The post Plaintiff in a Hunstein Copycat Class Action Does Not Have Standing to Sue in Federal Court, NDIL Judge Rules appeared first on AccountsRecover

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Crypto Loans Unlock Cash, but They Carry Risks

Nerd Wallet

Like a house, car or other investment, your cryptocurrency can serve as collateral for crypto loans, which are loans that can have low interest rates, same-day funding and no credit check. The downside? If your crypto’s value falls, you may need to pledge more crypto. “That is going to be the main disadvantage of crypto,”. Chanell Alexander 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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Daily Digest – October 14. Getting to Know Christopher McCaleb of Reliant Capital Solutions; No Standing for Plaintiff in Hunstein Copycat Case

Account Recovery

GETTING TO KNOW CHRISTOPHER MCCALEB OF RELIANT CAPITAL SOLUTIONS Even though he has only been in the accounts receivable management industry for a relatively short time, Christopher McCaleb has learned the important lesson about the role that compliance can play in the growth of a successful company. Being comfortable in his own skin has helped … The post Daily Digest – October 14.

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Alyssa Johnson Joins Barron & Newburger, P.C.

Account Recovery

AUSTIN, UNITED STATES, October 13, 2021 — Alyssa A. Johnson, a talented litigator, has joined Barron & Newburger’s Attorneys Risk Management Practice Group and will be practicing as Senior Counsel in the Firm’s Milwaukee office. In addition to her responsibilities with the Attorneys Risk Management Practice Group, Alyssa will lend her talents and experience to … The post Alyssa Johnson Joins Barron & Newburger, P.C. appeared first on AccountsRecovery.net.

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The real cost of Small Business late payment

UK debt collections

The financial impacts from COVID is forcing many SME’s into bankruptcy. One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. . As the instrumental player in the UK’s economy, SME’s turnover turnover is estimated at £2.2trillion annually. Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential.

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N.Y. Governor Signs Law Requiring New Disclosure in Initial Communications

Account Recovery

A new law is scheduled to go into effect in New York next month that will require collectors to provide an additional disclosure on initial letters sent to consumers, letting consumers know that the letter can be requested in an alternative format, such as large print, braille, or audio compact disc. S737A was signed by … The post N.Y. Governor Signs Law Requiring New Disclosure in Initial Communications appeared first on AccountsRecovery.net.

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What You Should Know Before Taking a Loan From Your Credit Card Processor

FFGN COLLECT NY

Credit card processors often offer loans to businesses that accept credit cards. While these loans may have seemingly inviting agreements, there are some terms that offer the credit card processor speedier debt collection relief against you. Here are a few things you may want to consider before agreeing to the terms of the loan. Default. With most loans, failure to pay as required by the underlying agreement or failure to maintain a minimum balance constitutes a default in the loan agreement.

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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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Getting to Know Christopher McCaleb of Reliant Capital Solutions

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 Christopher McCa

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. Auto insurance prices tend to inch up over time, but. NerdWallet writes for NerdWallet.

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Traitor Joe – another big company with no sense of humor making IP threats

Public Citizen

by Paul Alan Levy. This past week I had the pleasure of representing Dan McCall again — author of such wicked parodies as NSA – the Only Part of Government That Actually Listens (we got to sue the NSA for a declaratory judgment of noninfringement); Ready for Oligarchy (over which we came with hours of filing suit against Hillary Clinton’s exploratory committee); and Bernie Is My Comrade (Sanders’ committee had the smarts to retract quickly ).  Last week, I sent a response to a demand lette

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8 Times to Rethink Asking for a Credit Card Product Change

Nerd Wallet

It’s natural for your credit card needs to change over time. Perhaps you no longer need that 0% APR balance transfer card, and you’d rather start racking up travel rewards instead. Maybe your spending patterns have shifted and a card that rewards you more for groceries instead of entertainment could now be more worthwhile. A. Erin Hurd writes for NerdWallet.

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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 Start Building Credit as a Recent College Grad

Credit Corp

Graduating college can come with a lot of implications and responsibility, and those associated with your finances are certainly no exception. On top of the need to get your career off the ground, you should also think about how this impending career and salary will help you get your relationship with your personal finances in good shape, as well. Prior to college, you probably did not have any credit.

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Is the Petal Card Legit?

Nerd Wallet

Fintech company Petal currently offers two credit cards: the Petal® 1 "No Annual Fee" Visa® Credit Card and the Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Both cards are legitimate payment methods and credit-building options that report payments to all three major credit bureaus. The Petal® 1 "No Annual Fee" Visa® Credit Card, as. Melissa Lambarena writes for NerdWallet.

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New Podcast: Talking Numbers with Paul Jansz ???

Debtor Daddy

Debtor Daddy CEO Matt McFedries recently had the pleasure of chatting on the Talking Numbers podcast hosted by Paul Jansz from The Professional Partners Accounting Network. Located in Melbourne, each week Paul interviews all kinds of guests – experienced entrepreneurs, accountants and consultants – with the aim of giving accountants an inside edge on what makes a successful accountant tick.

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Best Online Credit Card Payment Processing Services of 2021

Nerd Wallet

The best online payment processing services for your e-commerce business or online store come with competitive rates for online sales, useful integrations with accounting and e-commerce platforms, and solid customer support. Here are our top picks. Stripe: Best overall Price: Free with pay-as-you-go pricing. Processing fees: Flat 2.9% plus 30 cents per transaction.

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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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They’re Baaaack! Admissions in SEC Settled Actions

Burr Forman

In remarks this week at the SEC Speaks conference, new SEC Enforcement Director Gurbir Grewal said he’s bringing back admissions in SEC settled actions to help spur accountability. Most SEC actions are settled on a “neither admit nor deny” basis. “When it comes to accountability, few things rival the magnitude of wrongdoers admitting that they broke the law, and so, in an era of diminished trust, we will, in appropriate circumstances, be requiring admissions in cases where heightened accountabi

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The Cost of Whole Life Insurance, and Why It’s So High

Nerd Wallet

Whole life insurance is more expensive than term life insurance, and for a good reason: it’s a complex product. Along with setting you up with coverage for life, it grows in value as time goes on. If you’re in the market for a life insurance policy that can turn into a cash asset, be prepared. Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com.

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Decision Optimization: 5 Reasons You Need It More than Ever

Fico Collections

The marketplace is now completely different from where it was before the start of the global pandemic — and it’s evolving fast. Are your decision strategies evolving as fast? Are your offers and your options still relevant to your customers? And, crucially, are they agile enough to track and meet quickly emerging business expectations, while maintaining the ability to pivot and make course corrections if conditions change again?

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Crypto Debit Cards: 5 Things to Know

Nerd Wallet

If you find yourself wishing more retailers accepted cryptocurrency so you could pay with it directly, a crypto debit card might be what you want. And you wouldn’t be alone. While cryptocurrency and crypto banking are still relatively new, Visa reported that over a billion dollars were spent on crypto-linked Visa cards in the first. Ruth Sarreal 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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Getting started with apprenticeships ? a step-by-step guide from Credit Services Association

CSA

Think your organisation could benefit from apprenticeships but don?t know where to start? It?s not as complicated as it might seem. Step 1 If you haven?t already, register for an account with the Government?s apprenticeship service and find out how the funding works if you are an Apprenticeship Levy-paying organisation or if you are not. Remember, beyond Apprenticeship Levy funds, there are additional incentives available for taking on new apprentices including the ?

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Is United Airlines Good?

Nerd Wallet

U.S.-based flyers have many carriers to select from for their flights, including Delta Air Lines, Alaska Airlines, JetBlue, Southwest Airlines and United Airlines. Considering flyers have so many options, we analyzed whether United is a good airline compared with other domestic carriers. Here’s what NerdWallet found based on several factors, including United’s loyalty program, its.

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Is the OpenSky Card Legit?

Nerd Wallet

The OpenSky® Secured Visa® Credit Card is a legitimate card, and it’s also one of NerdWallet’s picks for the best credit cards for building credit. Issued by Capital Bank, it offers a way to build your credit by using what’s known as a secured card. That means you put down a refundable deposit, which becomes. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.

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The Pros and Cons of the World of Hyatt Program

Nerd Wallet

The Hyatt rewards program, World of Hyatt, has some really loyal fans. The program takes excellent care of its elite members with great perks, but there are benefits for everyone, especially those with the World of Hyatt Credit Card. Its low annual fee of $95 comes with: A sign-up bonus: Earn 30,000 Bonus Points after you spend $3,000. Ramsey Qubein 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.