Tue.Aug 17, 2021

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NY DFS Superintendent Announces Resignation

Account Recovery

Linda Lacewell, the Superintendent of the New York Department of Financial Services, has announced her resignation and will leave office on August 24, the same day as departing Gov. Andrew Cuomo. Lacewell has been tied to the sexual harassment claims made against the governor, allegedly helping work to discredit one of the women who had … The post NY DFS Superintendent Announces Resignation appeared first on AccountsRecovery.net.

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Industry Experts reject ‘Insolvency tsunami’ claims

UK debt collections

Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists. Government support measures have allowed insolvency levels to remain stable amid the pandemic, but recent data shows significant surges as crisis-era support is withdrawn. According to statistics released by the Insolvency Service , June 2021 saw a 63 percent year-on-year increase, and Q1 FY21 saw a 31 percent uptick on the

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Consumer Advocacy Report Details Number of Individuals Still Making Student Loan Payments During Pandemic Who are Underwater

Account Recovery

A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient. The analysis looked at individuals who are in income-driven repayment plans and voluntarily have made payments … The post Consumer Advocacy Report Details Number of Individuals Still Making Student Loan Payments During

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Avoiding and Defending Class Action Claims Under the Florida Security of Communications Act

Jimerson Firm

A new class action trend aimed at large companies has emerged in the United States. New York, California, and Florida have been the breeding grounds for these class action claims brought under each state’s “wiretapping” laws. More specifically, classes bringing these claims have accused companies of violating wiretapping laws by tracking user data on their websites using “session replay software.

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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 Upholds Win For Defendant in FDCPA Case

Account Recovery

The Court of Appeals for the Sixth Circuit yesterday overturned a summary judgment ruling in favor of a collector in a Fair Debt Collection Practices Act case, but only to remand the case back to the District Court with instructions to dismiss it instead, because the plaintiff lacked standing to bring his suit in the … The post Appeals Court Upholds Win For Defendant in FDCPA Case appeared first on AccountsRecovery.net.

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Daily Digest – August 17. Appeals Court Upholds Win for Defendant in FDCPA Case; NY DFS Superintendent Announces Resignation

Account Recovery

APPEALS COURT UPHOLDS WIN FOR DEFENDANT IN FDCPA CASE The Court of Appeals for the Sixth Circuit yesterday overturned a summary judgment ruling in favor of a collector in a Fair Debt Collection Practices Act case, but only to remand the case back to the District Court with instructions to dismiss it instead, because the … The post Daily Digest – August 17.

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Travelex Travel Insurance: What You Need to Know

Nerd Wallet

It can make a lot of sense for trip planners to get a travel insurance policy, as it can safeguard your nonrefundable deposits and protect you in case of an emergency. One provider is Travelex, which offers several travel insurance plans and flight insurance plans, plus customizable add-ons like Cancel For Any Reason and Adventure Sports. Elina Geller writes for NerdWallet.

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Judge Grants MSJ for Defendant in FDCPA Case Over Creditor ID in Letter

Account Recovery

A District Court judge in Florida has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, while also pointing out that the legal theory put forth by the plaintiff’s attorney has been “tartly” rejected by other courts and “does not improve by repetition.” A copy of the ruling in … The post Judge Grants MSJ for Defendant in FDCPA Case Over Creditor ID in Letter appeared first on AccountsRecovery.net.

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Epos Now Review 2021: Pricing, Features, Top Alternatives

Nerd Wallet

When it comes to choosing a POS system for your small business, you may want to consider Epos Now. It’s well-suited to a variety of business types, which is helpful to those small-to-medium-sized businesses working in the restaurant, retail or hospitality world. This comprehensive guide will help you decide whether Epos Now is a good. Nina Godlewski 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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Debt Collection Workflow Optimization in the Digital Era

PDC Flow

Workflow optimization is a trial and error process. It takes attention, time and patience to find the right system for the type of debt you’re collecting. In a recent webinar, “Developing the Optimal Workflow for Your Collection Process,” by Accountsrecovery.net , three debt collection experts discussed ways to adjust your systems, where to look for improvements and how to analyze the results.

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Shopping Guide: How to Get the Best Deals Online

Nerd Wallet

Online shopping has become a routine part of life. With a few clicks or taps, you can buy virtually anything. But before you restock on toilet paper or purchase those trendy sneakers from the ad in your Instagram feed, make sure you’re not spending more than you have to. Here’s how to shop smart and. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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The Importance of Financial Technology and Systems for Lenders, Explained

Micro Bilt

You may be a successful lender today, but are you ready for tomorrow? The simple truth is that technology is constantly changing and advancing. And as financial technology and systems evolve, it is important for lenders to change and adapt so they can remain successful in the market.

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Bindo POS Review 2021: Features, Cost, Alternatives

Nerd Wallet

Bindo is an iPad-based POS software that’s designed especially for retailers and restaurant owners. With this POS system and its compatible card-reading hardware, you can accept payments from your iPad at brick-and-mortar locations; and with Bindo Storefront, digital retailers can integrate their existing e-commerce websites with the Bindo POS system.

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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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Frank, Frank, Goldstein and Nager Named One of Inc. 5000’s Top Private Companies

FFGN COLLECT NY

Frank, Frank Goldstein & Nager is proud to announce that it has been recognized by Inc. Magazine’s prestigious Inc. 5000 list as one of the fastest-growing private companies in the United States. After a tumultuous year for global trade, finance, and health, Inc. has recognized FFGN as a company that continues to grow and serve creditors left financially harmed as a result of the economic downturn caused by the global pandemic.

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Shopify vs. WordPress: Which Is Best for Your Online Store

Nerd Wallet

If you’re searching for the best e-commerce platform for your online store, you’ve no doubt run across the names Shopify and WordPress. When comparing these two options, Shopify is the winner for sales-focused businesses that want an easy-to-use, full-featured and relatively automated e-commerce solution. WordPress takes far more getting used to, however, its the hands-down champion when it.

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Baby Steps: Efficiency Builds Slowly, But Impressively

NCBA Law Practice Management Blog

In the book, ‘ Cheaper by the Dozen ’ , the father of a family of 12 is. ( wait for it ) : an efficiency expert. Because, he’d have to be, right? (Ba-dum-cha.) But, t he book is actually non-fiction; it’s written by 2 of the 12 children in the family. And, the mom was actually an efficiency expert, too. Truth is stranger than fiction, amiright? There’s this on e early scene in the book, where the Dad is buttoning his shirt from the bottom up.

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Allstate Business Insurance: Pros, Cons, Coverage Options

Nerd Wallet

Perhaps most well-known for consumer auto insurance, Allstate is one of the top 10 largest providers of commercial auto insurance in the U.S. The company offers small-business insurance in all 50 states plus Washington, D.C., and has a wide network of agents across the country. In addition to its commercial auto insurance, Allstate offers a. Randa Kriss 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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Let Me Google That For You: 2 Free Tools to Improve Your Web Presence

NCBA Law Practice Management Blog

Many law firms don’t have a better web presence in part because they don’t know enough about their existing web presence to improve upon it. At a baseline level, most lawyers don’t often Google their own name, or the name of their law firm – so, they have no idea what potential legal c lients see about them , when they are searching for legal services.

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Employer’s Liability Insurance: What It Is, Which Businesses Need It

Nerd Wallet

Employer’s liability insurance protects your company from costs arising from employee injury lawsuits, including legal fees, damages and settlements. It’s usually included as an add-on to workers’ compensation insurance as “Part 2” or “Part B” of the policy. You don’t even have to ask for it. But there are four states that require you to. Billie Anne Grigg writes for NerdWallet.

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FINRA Vendor-Management Guidance: You Can’t Outsource Responsibility

Burr Forman

On August 13, 2021, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 21-29, collecting guidance on outsourcing and vendor management. The Notice was prompted by increased reliance on outsourcing (especially during COVID), some enforcement actions involving vendor-management issues, and similar proposed inter-agency guidance by banking regulators.

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Hiscox Business Insurance Review 2021: Pros, Cons and Coverage Options

Nerd Wallet

Hiscox is an international insurer headquartered in Bermuda and listed on the London Stock Exchange. Through its Hiscox Retail division, it offers various business insurance policies in the U.S., where it has nine offices. Hiscox may be a good candidate for small businesses that want comprehensive coverage specialized for their industry. Hiscox business insurance: Pros.

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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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The Five Best Mortgage Refinance Lenders

Better Credit Blog

Ads by Money. We may be compensated if you click this ad. Ad Most Flexible Most Convenient Best for Low Credit Scores Best Home Equity Loans Most Options Quicken Loans Better Mortgage Refinance Guild Mortgage SunTrust Mortgage Refinance BMO Harris Bank Our Partner Our Partner Check Price Check Price Check Price Check Price Check Price Minimum Credit Score 620 620 600 620 700 Down Payment 3% 3% 3% 3% 1% available to qualifying customers.

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Private Cause of Action Exists for Violations of Do-Not-Call Rule, North Carolina Federal Judge Says

TCPA

Last week, Judge James C. Denver III of the U.S. District Court for the Eastern District of North Carolina handed down a decision of first impression for that court: the FCC’s do-not-call rule, 47 C.F.R. § 64.

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The Five Best Mortgage Refinance Lenders

Better Credit Blog

Ads by Money. We may be compensated if you click this ad. Ad Most Flexible Most Convenient Best for Low Credit Scores Best Home Equity Loans Most Options Quicken Loans Better Mortgage Refinance Guild Mortgage SunTrust Mortgage Refinance BMO Harris Bank Our Partner Our Partner Check Price Check Price Check Price Check Price Check Price Minimum Credit Score 620 620 600 620 700 Down Payment 3% 3% 3% 3% 1% available to qualifying customers.

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Dodd-Frank News, Dodd Frank Wall Street Reform and Consumer Protection Act Update, October 2011-October 2016

Burr Forman

The post Dodd-Frank News, Dodd Frank Wall Street Reform and Consumer Protection Act Update, October 2011-October 2016 appeared first on Burr & Forman.

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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.