Tue.Sep 22, 2020

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Judge Denies MTD in FDCPA Case While State Court Case is Ongoing

Account Recovery

A District Court judge in Minnesota has denied a defendant’s motion to dismiss, and in the alternative, a motion to stay a lawsuit filed by a plaintiff alleging the defendant violated the Fair Debt Collection Practices Act during the course of filing its own lawsuit against the plaintiff in an attempt to collect on an … The post Judge Denies MTD in FDCPA Case While State Court Case is Ongoing appeared first on AccountsRecovery.net.

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6 National Parks to Visit This Fall, and Where to Stay on Points

Nerd Wallet

You may feel like this spring and summer blurred together and passed by as you stayed home amidst the coronavirus pandemic, but fall is a season that undeniably feels like change. If you want to embrace the crisp autumn air with some crunchy leaves underfoot, look no further than some of the nation’s most famous. Meghan Coyle is a writer at NerdWallet.

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Daily Digest – September 22. Judge Denies MTD While State Court Case is Ongoing; Nev. Agencies Back in the Office in 2021

Account Recovery

JUDGE DENIES MTD IN FDCPA CASE WHILE STATE COURT CASE IS ONGOING A District Court judge in Minnesota has denied a defendant’s motion to dismiss, and in the alternative, a motion to stay a lawsuit filed by a plaintiff alleging the defendant violated the Fair Debt Collection Practices Act during the course of filing its … The post Daily Digest – September 22.

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Is Debt Settlement Legit?

Titan Consulting

Key Takeaways. Multiple state and federal agencies strictly regulate the debt settlement industry. Protections that went into effect in 2010 increased the oversight and scrutiny of the industry, eliminating companies that utilized unethical practices to scam consumers. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score.

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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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Plaintiff Files TCPA Suit, Alleges Receiving 130 Collection Calls After Revoking Consent

Account Recovery

An individual has filed a Telephone Consumer Protection Act lawsuit, claiming she received more than 130 debt collection calls from a defendant allegedly using an automated telephone dialing system after revoking consent to be contacted. A copy of the complaint in the case of Hammond v. USAA Federal Savings Bank, which was filed in the … The post Plaintiff Files TCPA Suit, Alleges Receiving 130 Collection Calls After Revoking Consent appeared first on AccountsRecovery.net.

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Provider Pays $1.5M To Settle With HHS Following Data Breach

Account Recovery

The Department of Health and Human Services’ Office of Civil Rights has reached a settlement with a healthcare provider that was the subject of a data breach that compromised the identities of 209,000 individuals which will see the provider pay $1.5 million. The breach occurred in 2016 after it was uncovered that a hacker used … The post Provider Pays $1.5M To Settle With HHS Following Data Breach appeared first on AccountsRecovery.net.

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AR Deteriorates in Wake of COVID-19

Receivables Control

Receivables Control has the unique perspective of working AR across multiple industries and have seen deterioration resulting from the disruption caused by Covid-19. We want to take this opportunity to review those sectors of the US economy that are negatively impacted and zero in on where we see significant dilution in AR. The travel industry is struggling.

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Nevada Regulator Tells Agencies It’s Back to the Office in January

Account Recovery

A few years ago, my wife and I leased a sport utility vehicle. When the lease was up, we weren’t what to do, so the lender offered to extend the lease for a month. After a month, we still has not made up our minds and we asked for another one month extension. A month … The post Nevada Regulator Tells Agencies It’s Back to the Office in January appeared first on AccountsRecovery.net.

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How to Find Travel Insurance That Offers COVID Coverage

Nerd Wallet

Traveling now carries with it more uncertainty than ever before. If you plan on traveling anytime soon, one thing you can do to protect yourself is get a trip insurance policy that includes coronavirus coverage. Previously, many insurers excluded COVID-related claims due to the virus’ status as a foreseen event/pandemic. But now, some insurers are. Elina Geller is a writer at 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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Increase Debt Recovery with the ‘Goldilocks Zone of Connection’

PDC Flow

Are your collectors stuck in the friend zone with consumers? In other words, are your collectors sympathetic to consumers to the point where they feel bad asking for payment and don’t collect any money or only a small amount? Or, maybe it’s the opposite problem. Are you collectors so aggressive on collection calls that their words and behavior land them and consumers they’re speaking with in the conflict zone?

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How to Invest in Stocks: A Guide to Getting Started

Credit Corp

In 2020, around 55% of American adults invest in the stock market. That’s down from a peak of 65% in 2007 but around the average over the past 10 years. Do you want to get a piece of the action? Before you jump all in, make sure you know the basics of how to invest in stocks. . A quick note before we dive in: we’re not investment experts or advisors.

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Want Travel Flexibility? Consider the Capital One Venture Card

Nerd Wallet

If you like the idea of a travel rewards credit card, but you’d rather not be tied to a stash of airline miles or hotel points for a brand that you have no plans to commit to anytime soon (perhaps a little thing called COVID-19 caused that), then the Capital One® Venture® Rewards Credit Card. Sally French is a writer at NerdWallet. Email: sfrench@nerdwallet.com.

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[Client Reminder] October 14 Deadline: Medicare Part D Notice of Creditable (or Non-Creditable) Coverage

Fraser

Medicare Part D notices (of either creditable or non-creditable coverage) are due for distribution prior to October 15th. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 requires entities who offer prescription drug coverage to notify Medicare Part D eligible individuals whether their prescription coverage is creditable coverage.

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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 Do I Know If My Student Loans Are Federal?

Nerd Wallet

Most student loans are federal. But if you’re not sure about yours, here are three easy ways you can check. » MORE: Government student loans: What are the benefits? Check the Federal Student Aid site Studentaid.gov contains information on all federal student loans. It’s the easiest way to determine if your loans are federal and. Cecilia Clark is a writer at NerdWallet.

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Take 5 Immigration Podcast Series: Episode 10

Burr Forman

In Episode 10 of the Take 5 Immigration Podcast Series, Melissa discusses a topic that is oftentimes overlooked until a company is notified of a state or federal immigration audit, or when an issue involving employee status pops up. Melissa dives into the importance of conducting an I-9 self-audit during these times to make sure records are in order and that the company is following state and federal immigration laws.

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Capital One Venture Hikes Potential Bonus to 100K Miles If You Spend Enough

Nerd Wallet

If you’re looking to start stowing away travel rewards for a major vacation, now’s a good time to consider the Capital One® Venture® Rewards Credit Card. As of Sept. 22, 2020, and for a limited time, the $95-annual-fee card is doubling its potential sign-up bonus — although the spending requirement to earn it is also. Melissa Lambarena is a writer at NerdWallet.

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Sep 22, WAGE ATT 1

Debt Collection Answers

Does your paycheck list WAGE ATT 1 with money being taken out? Learn what you can do about wage garnishment here.

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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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How Do CDs Work?

Credit Corp

A certificate of deposit, more commonly known as a CD, is a special type of savings account. You deposit your money into the account and agree not to make any withdrawals for a certain period of time. At the end of that time, you get your money plus whatever was earned in interest back. Want to know more? We’ve got you covered. We’ll dig into traditional CDs, including what they are, how they work and whether they’re right for you.

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The Countdown Begins for Lifetime Income Disclosures

Burr Forman

The SECURE Act of 2019 made three statutory changes to ERISA regarding lifetime income benefit payments from defined contribution plans (e.g., 401(k), 403(b), profit sharing, and money purchase pension plans). This blog will cover one of those changes – an amendment to Section 105 of ERISA. Section 105 requires the plan administrator to issue periodic benefit statements to participants and requires the disclosure of certain information on those statements, such as the participant’s account bal

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