Wed.Jun 30, 2021

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CFPB Fines Debt Relief Company $150k For Scamming $30M From Consumers

Account Recovery

The Consumer Financial Protection Bureau and the Attorney General of Georgia yesterday announced a consent order with a debt relief and credit repair company and its owners that were accused of deceiving consumers into hiring the company to lower or eliminate credit card debt and improve the consumers’ credit scores. Under the terms of the … The post CFPB Fines Debt Relief Company $150k For Scamming $30M From Consumers appeared first on AccountsRecovery.net.

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What to Do When Cryptocurrency Is Crashing

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Cryptocurrencies were all the rage earlier this year, with the prices of several coins surging to record highs and crypto exchange Coinbase making its public offering.

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Judge Grants Motion on Pleadings for Defense in FDCPA Case Over Avila Disclosure in Letter

Account Recovery

Verbs are important components of a sentence. In fact, a sentence isn’t really a sentence without a verb in it. But choosing the right verb can be difficult. Take, for example, a collection letter that includes a disclosure attempting to inform the recipient of the letter that the balance that is owed is not static. … The post Judge Grants Motion on Pleadings for Defense in FDCPA Case Over Avila Disclosure in Letter appeared first on AccountsRecovery.net.

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Hire a Limo and Sidestep the Rental-Car Shortage in Style

Nerd Wallet

When Terika Haynes landed in Mexico, she skipped the rental car — and she skipped the taxi, too. Haynes, who works as a professional travel planner, did the math and determined that a limo was the cheapest option to get her and her friends from the airport to their resort. She calculated the cost of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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 – June 30. Judge Grants Motion on Pleadings for Defense in FDCPA Case Over Avila Disclosure; CFPB Fines Debt Relief Company $150k

Account Recovery

JUDGE GRANTS MOTION ON PLEADINGS FOR DEFENSE IN FDCPA CASE OVER AVILA DISCLOSURE Verbs are important components of a sentence. In fact, a sentence isn’t really a sentence without a verb in it. But choosing the right verb can be difficult. Take, for example, a collection letter that includes a disclosure attempting to inform the … The post Daily Digest – June 30.

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CFPB Releases Supervisory Highlights, Spotlight Issues Found During Examinations of Collection Operations

Account Recovery

The Consumer Financial Protection Bureau has released the 24th issue of its “Supervisory Highlights” reports, which shares the results and findings from examinations of companies regulated by the CFPB with respect to how those companies are complying with federal law. This includes debt collectors and their compliance with the Fair Debt Collection Practices Act, which … The post CFPB Releases Supervisory Highlights, Spotlight Issues Found During Examinations of Collection Opera

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Key Considerations for Lenders Foreclosing the Same Property Multiple Times in Florida

Jimerson Firm

When a borrower defaults on a mortgage, lenders will likely execute their right to foreclose on the property by filing a lawsuit. However, lenders are not always the successful party in the foreclosure and, to the disappointment of the lender, the lawsuit may be dismissed. Luckily, lenders can take a big sigh of relief because they may live to fight another day.

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STIR/SHAKEN Compliance Deadline is Today

Account Recovery

Today is a new day for companies making calls, including those in the accounts receivable management industry. Starting today, phone carriers are required to deploy the STIR/SHAKEN call authentication protocols that were built to combat the illegal spoofing of phone numbers and provide consumers with a level of comfort that the phone numbers they see … The post STIR/SHAKEN Compliance Deadline is Today appeared first on AccountsRecovery.net.

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American Airlines Adds Two Options to Retain Elite Status Until 2023

Nerd Wallet

As the pandemic rages on in parts of the world, frequent flyers are finding it hard to requalify for elite status through traditional ways, so, airlines are offering promotions to retain elite flyers. Delta is offering a Medallion Status Accelerator of 50-75% on all flights — including award flights. Alaska is offering Mileage Plan members. JT Genter 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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Debunked: Myths about Chapter 11 bankruptcy

Albuquerque Law

Many New Mexico business owners pour their hopes, work and finances into their business. Running their business is not only a job but often a dream that they have had for a long time. Therefore, it is natural to worry when the business comes up against debt and financial challenges. Business owners have several options to handle their debt, including Chapter 11 bankruptcy.

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Does Medicare Cover Flu Shots?

Nerd Wallet

Medicare Part B (Medical Insurance) covers one flu shot each flu season and will cover additional flu shots if they’re deemed medically necessary. Because flu season usually lasts from fall to spring, this could mean that you get two flu shots in one year — but in different flu seasons — and both shots are. Kate Ashford writes for NerdWallet. Email: kashford@nerdwallet.com.

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Is social media contributing to debt?

Albuquerque Law

Nearly 223 million Americans have at least one social media account. For people of all ages, social media has become a part of everyday life. While several studies indicate social media can affect one’s mental health, it seems it can also impact one’s financial health. Many people might think that social media has nothing to do with their finances – especially when it comes to debt.

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Is Burial Insurance Worth It?

Nerd Wallet

It’s not something we like to think about, but funerals can put a financial strain on families. If you reach your 50s, 60s, 70s or 80s and don’t yet have life insurance, a burial policy can step in to take care of that expense. Burial insurance is a small life insurance policy that’s meant to. Katia Iervasi writes for NerdWallet. Email: kiervasi@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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How Much Does It Cost to Be in a Sorority?

Credit Corp

In 2018, around 800,000 college students were part of Greek life. Almost 13% of incoming freshmen in one survey said they were interested in rushing for a sorority or fraternity. But how much does it cost to be in a sorority? You might be surprised to find out that this social aspect of campus life can come with long-lasting financial consequences if you’re not prepared to manage the expense.

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Best Wells Fargo Business Credit Cards of 2021

Nerd Wallet

Wells Fargo has a slim selection of business credit cards with just three options: Wells Fargo Business Platinum Credit Card, Wells Fargo Business Elite Signature Card and Wells Fargo Business Secured Credit Card. But that lack of choice is overshadowed by flexibility and convenience — particularly for existing Wells Fargo business banking customers.

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CFPB Consumer Complaint Bulletin Highlights Consumers’ Difficulties During Pandemic

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin covering several areas of concern related to relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium.

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[Limited Time] Venmo Card Doubles Cash-Back Rate for New Cardholders

Nerd Wallet

The Venmo Credit Card, introduced to app users in 2020, offers cash-back bonus categories that change monthly to adapt to your spending patterns. New cardholders of the Venmo Credit Card who are approved by July 31, 2021, will earn a special bonus offer on purchases made through Dec. 31, 2021: 6% cash back on one eligible top spend. Erin Hurd 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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What Is A Trade Sale Of A Business? A Guide

Hudson Weir

A trade sale is a term used to describe the sale of a business, usually to another company in the same sector. There are lots of formats this sort of transaction might take, such as: Sale of the company shareholding Retail of business assets, including stock or premises Purchasing an insolvent business. If you’d like to learn more about what a trade sale is (or you’re considering selling your own business), we’ll run through how this all works and the key considerations to keep

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How to Make the Most of Etihad First Class

Nerd Wallet

Known for operating one of the most luxurious cabins in the sky, Etihad Airways’ first class is sought after by travelers looking to splurge. If you’re planning on booking Etihad first class, knowing the ins and outs of this fare will help you get the most from your trip — such as even taking a. Rand Shoaf writes for NerdWallet. Email: travel@nerdwallet.com.

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Court Finds Calls Triggered by Alarm System Do Not Violate the TCPA

Troutman Sanders

In Watts v. Emergency Twenty Four, Inc. ( No. 20-cv-1820 (N.D. Ill. June 21, 2021 ), the Northern District of Illinois granted a motion to dismiss claims asserted against a security company under the Telephone Consumer Protection Act (TCPA), finding that dialing system at issue did not qualify as an automatic telephone dialing system (ATDS). The defendant in Watts , Emergency Twenty Four, Inc.

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The Great Unwinding: Land Use and the End of the COVID-19 Health Emergency

Price Meese

Page printed from: [link]. The Great Unwinding: Land Use and the End of the COVID-19 Health Emergency. The first step toward getting back to “normal” is unwinding the layers of executive orders, rules, and statutes adopted during the last 15 months in response to the COVID-19 pandemic. By Edward W. Purcell | June 16, 2021. While everyone breathes a sigh of relief as COVID-19 transmission rates are down and vaccination rates are up, land use attorneys are busy trying to acquaint thems

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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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Washington District Court Awards $60,000 in Emotional Distress Damages to Plaintiffs in FDCPA Case

Troutman Sanders

In Johnson v. Columbia Debt Recovery , a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA), $120 in treble actual damages under the Washington Collection Agency Act (WCAA) and the Washington Consumer Protection Act (WCPA), and $2,000 in statutory damages under the FDCPA.

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The connected financial professional | Whitepaper

On Guard

How can professionals balance workplace happiness while remaining valuable to their organisation? Connection and being connected is more important than ever. Especially now that, due to COVID-19, we have all been working from home for quite some time and there is much less human contact, both with customers and with the internal organisation. Moreover, the market is on edge.

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Supreme Court Decision: TransUnion v. Ramirez

Troutman Sanders

Register Here. Thursday, July 1 • 3:00 – 4:00 p.m. ET. On June 25, 2021, the Supreme Court decided TransUnion LLC v. Ramirez , holding in a 5-4 decision that the vast majority of class members lacked a “concrete” injury and, thus, they did not have standing to assert their Fair Credit Reporting Act claims in federal court. The decision makes a number of broad pronouncements about the requirements of standing, “risk of harm,””informational injuries, and how standing must be proven in class action

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Improve Payment Terms with Your Supplier With These Tips

JMA

What is cash flow to you? Is it simply the influx of sales and the payment to suppliers, among other things? We can think of cash flow as the heart of the business — it is literally what keeps the business running. It gives you profit, pays the bills, funds marketing campaigns — you name. Read more » The post Improve Payment Terms with Your Supplier With These Tips appeared first on JMA Credit Control.

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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.