Wed.Sep 23, 2020

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VA Offers Debt Suspension to Vets Impacted by Natural Disasters

Account Recovery

The Department of Veterans Affairs has announced that individuals who have been affected by natural disasters, such as the wildfires in California and Oregon or hurricanes in the Southeast, can receive a 90-day suspension of debt collection efforts, in order to give those individuals time to get back on their feet. “Veterans and their families … The post VA Offers Debt Suspension to Vets Impacted by Natural Disasters appeared first on AccountsRecovery.net.

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5 Myths About High-Yield Savings Accounts During COVID-19

Nerd Wallet

Last year’s savings rates of 2% and higher have come and gone, but that doesn’t mean high-yield savings accounts disappeared. “There are high-yield savings accounts out there, but it’s all relative,” says Mike Schenk, chief economist for the Credit Union National Association. When the Federal Reserve cut its benchmark rate to nearly zero in March, Spencer Tierney is a writer at NerdWallet.

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More RCMs Planning to Allow Permanent Work-From-Home Privileges

Account Recovery

Only one out of four revenue cycle management companies are not planning on making any permanent changes to their operations as a result of the coronavirus pandemic, according to the results of a survey that were released this month. One-third of those companies are, for example, planning to allow more individuals to work from home … The post More RCMs Planning to Allow Permanent Work-From-Home Privileges appeared first on AccountsRecovery.net.

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Underrated Reasons Why You Need a Delta SkyMiles Gold Business American Express Card?

Nerd Wallet

The right business credit card can mean great benefits for business owners and their employees. Business cards often come with higher credit limits and better financing because businesses may have to put more charges on a card than the average consumer. And more purchases mean more opportunities to earn valuable rewards. » Learn more: 6. Ramsey Qubein is a writer at 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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Judge Grants MSJ For Defense in FDCPA Case Over Alleged Harassment

Account Recovery

[EDITOR’S NOTE: I didn’t realize it until I had finished writing the summary, but this ruling is from late February. While it might be a little stale, it still might present some interesting facts worth reading, and I didn’t want the time I spent writing it to go to waste. 🙂 ] How is a … The post Judge Grants MSJ For Defense in FDCPA Case Over Alleged Harassment appeared first on AccountsRecovery.net.

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Judge Grants MTD in FCRA Case Over Dispute Investigation

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Credit Reporting Act by not investigating and removing inaccurate information from the plaintiff’s credit report. A copy of the ruling in the case of Soyinka v. Equifax Information Services can be accessed by … The post Judge Grants MTD in FCRA Case Over Dispute Investigation appeared first on AccountsRecovery.net.

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A Divided Eleventh Circuit Holds that Incentive Awards are Prohibited

TCPA

In a decision that may have far-reaching consequences, a divided panel of the Eleventh Circuit ruled that incentive awards to named plaintiffs—which are routine in TCPA and other class action settlements—are improper. See Johnson v. NPAS Solutions, LLC, No.

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Daily Digest – September 23. Judge Grants MTD in FCRA Case; VA Offers Debt Suspension

Account Recovery

JUDGE GRANTS MTD IN FCRA CASE OVER DISPUTE INVESTIGATION A District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Credit Reporting Act by not investigating and removing inaccurate information from the plaintiff’s credit report. VA OFFERS DEBT SUSPENSION TO VETS IMPACTED BY NATURAL … The post Daily Digest – September 23.

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Delta Increases Flexibility and Extends Benefits (Again)

Nerd Wallet

In early April, Delta was the first U.S. airline to extend frequent flyer elite status and lounge memberships. Now, with the pandemic still raging months later, Delta is announcing another round of extensions to the expiration dates for memberships and benefits. Additionally, Delta is permanently eliminating change and redeposit fees on most domestic SkyMiles award.

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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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2021 FICO Decisions Awards Now Open

Fico Collections

Our customers all around the world bring together innovative approaches and technologies to conquer their challenges. The FICO Decisions Awards shine the spotlight on some of the best success stories of the year. Companies that have used the power of our platform and specialized solutions to gain insights from their data and operationalize analytics to achieve industry-leading results.

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Technological innovations will drive consumer financial services to succeed during the pandemic and beyond

True Accord

Last week, Sheila Monroe, TrueAccord’s COO, was the featured guest on “Credit Eco To Go,” a consumer finance podcast hosted by Joann Needleman, a leading financial services attorney at Clark Hill. The theme was putting the “consumer” back into consumer financial services. Sheila had the opportunity to share TrueAccord’s perspectives and experiences working with consumers throughout the credit ecosystems.

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Does Medicare Cover Dental?

Nerd Wallet

Although Medicare covers a variety of things, it doesn’t cover most dental care, including cleanings, fillings, extractions, dentures, dental plates or other dental devices. However, you may be eligible for some services covered under Medicare Part A — your hospital insurance. How does Original Medicare cover dental? The short answer is that Original Medicare (parts.

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How To Remove Allied Collection Service From Your Credit Report

Better Credit Blog

Are you concerned about a collections entry on your credit report? When debt reaches collections, it can hurt your credit score and leave you on the receiving end of seemingly nonstop phone calls and letters. If the name on your credit report and voicemails is Allied Collection Service, we can help. There’s no need to feel overwhelmed. While dealing with debt collectors can seem daunting, the tips below can help you to stop the agency’s calls and get them off your credit report.

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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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Chase vs. Wells Fargo: Which Is Best for You?

Nerd Wallet

Wells Fargo and Chase are two of the largest U.S. banks, and they make it convenient to bank in person, with many ATMs and branches. One big difference: Chase offers a savings bonus and a checking bonus with easy qualifications. Keep in mind, though, the interest rates both banks pay are low compared with other. Margarette Burnette is a writer at NerdWallet.

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You’ve Got Mail, Everywhere: So, Just Use One Email Account

NCBA Law Practice Management Blog

One consistent bit of trouble lawyers have encountered during this pandemic is adjusting to working from home. Taking an entire work process, and moving it to an out of office location for an undetermined amount of time was never going to be easy. But, one issue that has been popping up over and over again is email management. Lots of lawyers who have traditionally managed multiple premise-based email systems are now having trouble moving from home to office, and transitioning those messages as

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Bank of America vs. Chase: Which Is Best for You?

Nerd Wallet

With big national banks like Bank of America and JPMorgan Chase, it can be tough at first to see much of a distinction. Both have thousands of branches and ATMs, a variety of account choices and up-to-date technology. But the details can make the difference. Snapshot comparison Choose Bank of America if: You want slightly. Tony Armstrong is a writer at NerdWallet.

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Debt Collection Industry Asks CFPB for Clarity in Updated FDCPA Rule

Collection Industry News

ACA International Leadership to Discuss its Comments on the Proposed Rule in Press Briefing Today. WASHINGTON , Sept. 18, 2019 /PRNewswire/ — ACA International’s comprehensive comments in response to the Consumer Financial Protection Bureau’s proposed debt collection rule recommend fair and objective policies that clarify legal obligations for the accounts receivable management (ARM) industry and provide clarity for consumers.

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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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Chase vs Citibank: Which Is Best for You?

Nerd Wallet

The two big national banks Chase and Citibank have solid branch and ATM networks that reach both coasts, but they differ in some ways. Consider what’s important in your banking life, whether that means nearby ATMs or branch access, and read on to see how the banks compare. Snapshot comparison Choose Chase if: You prioritize. Spencer Tierney is a writer at NerdWallet.

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CFPB Announces new Consumer Advisory Board Members, No Respresentation for Debt Collectors Yet Again

Collection Industry News

Last week, the Consumer Financial Protection Bureau (CFPB) announced the newest members of its advisory boards , including the Consumer Advisory Board (CAB). Notably, the CAB is yet again devoid of representation from the debt collection industry, which has been a pattern ever since 2018, when the CFPB’s Former Acting Director Mick Mulvaney disbanded the advisory board on which Ohad Samet, CEO of TrueAccord, sat.

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U.S. Bank vs. Chase: Which Is Best for You?

Nerd Wallet

U.S. Bank and Chase offer similar benefits, such as multiple account offerings and extensive ATM and branch networks. But which is best for you? To help you decide, we compared them side by side. Snapshot comparison Choose Chase if: You’re looking for checking accounts with easy ways to waive monthly fees. Choose U.S. Bank if: Margarette Burnette is a writer at NerdWallet.

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Pandemic Causes Historic Debt Collection Law Changes [Podcast]

Collection Industry News

In this episode of the Debt Collection Drill podcast, Moss & Barnett attorneys discuss the recent, historic changes to the laws restricting debt collection and how agencies can comply. You can listen to the episode here. The post Pandemic Causes Historic Debt Collection Law Changes [Podcast] appeared first on Collection Industry News.

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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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6 Items to Add to Your Packing List for COVID-Era Travel

Nerd Wallet

You don’t need a travel writer to tell you that the way you travel has dramatically changed due to the coronavirus pandemi. The items on your packing list may also need to change. Of course, there are the obvious things you should add, like masks — they’re mandatory on most airlines and at pretty much. Sally French is a writer at NerdWallet. Email: sfrench@nerdwallet.com.

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2nd Cir. Holds FDCPA Defendant’s ‘Bona Fide Error’ Defense Should Go to Jury

Collection Industry News

The U.S. Court of Appeals for the Second Circuit recently held that a debt collector did not violate the federal Fair Debt Collection Practices Act (FDCPA) where it unintentionally sent a valid debt collection communication to a non-debtor. However, the Second Circuit also held that the trial court erred in granting summary judgment for the debt collector based on the bona fide error defense relating to additional communications made to the non-debtor because a reasonable jury could find these e

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District Courts Split on Convenience Fees Under Debt Collection Laws

Collection Industry News

A&B ABstract: In a number of recent decisions, district courts have split on the issue of whether a mortgage servicer violates the Fair Debt Collection Practices Act (“FDCPA”) and related state debt collection statutes by charging a borrower a convenience fee for making a mortgage payment over the phone, interactive voice recording system (“IVR”).

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Debt Collection Lawsuits Are Surging

Collection Industry News

The U.S. civil court system was designed to handle a wide range of non-criminal cases, ranging from family disputes to substantive contract breaches, property disputes and more. However, over the past several years, the civil courts in most states have been overrun by debt collection cases against consumers. The increase in lawsuits filed against consumers for unpaid medical debt, credit card bills, automobile loans and other collection issues comes as no surprise to attorneys and others working

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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.