Wed.Feb 02, 2022

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Daily Digest – February 2. Judge Grants MSJ For Defense in FDCPA Case; Collector Accused of Violating 7-in-7

Account Recovery

JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA CASE OVER CALLS TO CONSUMER’S GRANDMOTHER After already granting a motion to dismiss on one claim that a collector violated the Fair Debt Collection Practices Act when it contacted a plaintiff seeking to collect on a debt that was actually owed by her granddaughter, a District Court judge … The post Daily Digest – February 2.

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10 Easy Tricks for Saving Money on Travel

Nerd Wallet

Travel can be expensive, whether it’s high gas prices during your road trip or increasing travel demand causing hotel and airline costs to rise. But it doesn’t have to be as costly as you might think with these tips for saving money on travel. How to save money while traveling 1. Pack light Packing light. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Judge Grants MSJ for Defense in FDCPA Case Over Calls to Consumer’s Grandmother

Account Recovery

After already granting a motion to dismiss on one claim that a collector violated the Fair Debt Collection Practices Act when it contacted a plaintiff seeking to collect on a debt that was actually owed by her granddaughter, a District Court judge in Florida has granted the defendant’s motion for summary judgment on the remaining … The post Judge Grants MSJ for Defense in FDCPA Case Over Calls to Consumer’s Grandmother appeared first on AccountsRecovery.net.

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5 Things to Know About the My GM Rewards Card

Nerd Wallet

Buying or leasing a car is a huge financial undertaking for many. And with high car prices come high car-maintenance costs. The My GM Rewards Card™ card can potentially help lower some of those car-related expenses. The $0-annual-fee card, issued by Goldman Sachs, earns rewards for General Motors Co. purchases as well as everyday spending. Funto Omojola 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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24 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 24 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Wall Street Projects Rapid Increase in Consumer Credit Interest Rates

Account Recovery

Many economists and bankers are expecting interest rates to rise during 2022, but a number of investment banks on Wall Street are projecting that rates will rise faster and higher than initially estimated, according to a published report. This means that the interest rates on products from credit cards to auto loans and mortgages will … The post Wall Street Projects Rapid Increase in Consumer Credit Interest Rates appeared first on AccountsRecovery.net.

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Life Insurance Face Amount: What It Means and How to Choose

Nerd Wallet

When you buy life insurance, you’re buying assurance that when you die, your insurer will pay out a sum of money to your loved ones. That number is known as your policy’s face amount, or face value, and it affects how much you’ll pay in premiums. While it usually stays the same, there are a. Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com.

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Collector Accused of Violating Reg F’s 7-in-7 Prohibitions

Account Recovery

A plaintiff in Illinois has filed a lawsuit against a payment processor and debt collector, alleging it violated the Fair Debt Collection Practices Act and Regulation F by making repeated phone calls to his cell phone after the plaintiff had asked for communications to be ceased. A copy of the complaint in the case of … The post Collector Accused of Violating Reg F’s 7-in-7 Prohibitions appeared first on AccountsRecovery.net.

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How to Avoid Long Lines at Rental Car Counters

Nerd Wallet

In the summer of 2021, rental car companies seemed caught off guard by the sudden recovery in rental car demand. Rental companies had downsized their fleets and staff to make it through the worst of the pandemic downturn. Then, rather suddenly, travelers started taking to the road once again, and incredibly long lines at rental. 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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5 Tips for Finding Your Payment Partner

Payment Savvy

As a merchant, do you shudder at the thought of credit card fees and interchange rates? If you’re like most business owners, you want to keep your costs as low as possible so you can focus on what you do best – running your business. That’s where payment processors can be beneficial. By finding the right payment partner for your business, you can save money on those pesky credit card fees and enjoy a streamlined and advanced payment process.

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NerdWallet’s Renters Insurance Reviews for 2022

Nerd Wallet

Each renters insurance company offers slightly different coverage options, discounts and consumer experiences. Not sure which one is right for you? The renters insurance reviews below explain the pros and cons of each company to help you determine which is the best fit. A | B | C | D | E . NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com.

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Digital Banking: Humanizing the Customer Experience

Fico Collections

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

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NerdWallet’s Best Credit Card Tips for January 2022

Nerd Wallet

The new year is filled with possibilities to uplevel to a better you. Whether you’re starting 2022 on track to fulfill your goals or you’re carrying the weight of financial circumstances, a new year offers a fresh start with room for improvement. A credit card can be a valuable tool along the way whether you’re. Melissa Lambarena 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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Oil Prices Are Increasing, But Supply Is Not

NACM

Oil prices are hovering near $90 a barrel on average, its highest seen since 2014. The sudden cost increase is likely due to political tensions in Eastern Europe and the Middle East, and a supply shortage. Normally, prices this high would call for OPEC to significantly increase oil exports. However, during a meeting this morning, OPEC and.

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Tips For Credit Card Debt Relief

Sawin & Shea

Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone. If you are drowning in debt but aren’t sure which option is right for you, it can help to consult with an experienced lawyer.

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Government Efforts to Address Cryptocurrencies Ramp Up as Federal Reserve Releases Report on Digital Currency

Troutman Sanders

Several recent events highlight the expanding effort by the federal government to address the growing digital currency marketplace and the government’s role in it. According to recent reporting , the Biden administration is preparing an executive order that will outline a comprehensive strategy for cryptocurrencies and ask federal agencies to assess the potential risks and opportunities.

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Meta Shutters Diem

Burr Forman

Requiescat Diem. Launched with great fanfare three years ago as Libra , the Facebook/Meta-led blockchain stablecoin effort now called Diem announced January 31 that it will shut down and sell its assets to Silvergate Capital Corporation. Libra was launched June 18, 2019, with support by many key finance and payments industry participants. Libra aspired to become a worldwide blockchain-based stablecoin payment system.

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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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“There Can Be Only One”: The Highlander Principle of Data Science

Fico Collections

Despite (or perhaps because of) being one of the cheesier movies I can recall from the 1980s, “ Highlander ” (1986) has had enormous staying power in nerd culture. I attribute its enduring popularity to three things: a timeless battle between immortal warriors, a bangin’ soundtrack by Queen, and the inimitable Sir Sean Connery’s one-liner: “In the end, there can be only one.”.