Wed.Jan 06, 2021

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Alliant Capital Management Gives Back Through Holiday Food Drive

Account Recovery

This holiday season, Alliant Capital Management is hosting a food drive for the St Luke’s Mission of Mercy Church to provide meals for the homeless in our community. Our generous team has been bringing in donations of non-perishable food items that will help provide holiday meals for neighbors in need. With a 49% increase in … The post Alliant Capital Management Gives Back Through Holiday Food Drive appeared first on AccountsRecovery.net.

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9 Ways to Cut the Cost of Homeowners Insurance

Nerd Wallet

Home insurance rarely takes the spotlight, but if you’re a homeowner, it could be quietly costing you more money than it should. The good news is that insurers provide relatively easy-to-obtain incentives that can shave money off your homeowners insurance premium. Here are nine ways to save. 1. Raise your deductible A quick way to. Doug Sibor writes for NerdWallet.

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States Sue Bank Regulator to Overturn ‘True Lender’ Rule

Account Recovery

A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as debt buyers, arguing that the … The post States Sue Bank Regulator to Overturn ‘True Lender’ Rule appeared first on AccountsRecovery.net.

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Credit Card Benefits NerdWallet Travel Writers Seek for 2021

Nerd Wallet

The travel world as we knew it won’t be back for some time and credit card issuers had to zig and zag their way through 2020 to bring value to customers in the new normal. We saw things like the addition of Peloton partnerships, travel credits used at grocery stores, discounted streaming services and even. Elina Geller writes for NerdWallet. Email: egeller@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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Experts Weigh In: Will 2021 Be Better or Worse Than 2020

Account Recovery

To many, 2020 was a dumpster fire of unprecedented proportions. But to many in the ARM industry, 2020 was a pretty good year, all things considered. AccountsRecovery.net asked eight experts — Jack Brown, Jeff Freedman, Kelly Parsons-O’Brien, David Schultz, Jack Gordon, Christy Barger, Michael Lamm, and McKay Bird — will 2021 be better or worse … The post Experts Weigh In: Will 2021 Be Better or Worse Than 2020 appeared first on AccountsRecovery.net.

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Daily Digest – January 6. Experts Weigh in on Whether 2021 Will be Better than 2020 or Not; Court Grants Certification, MSJ for Plaintiff in FDCPA Case

Account Recovery

EXPERTS WEIGH IN: WILL 2021 BE BETTER OR WORSE THAN 2020? To many, 2020 was a dumpster fire of unprecedented proportions. But to many in the ARM industry, 2020 was a pretty good year, all things considered. AccountsRecovery.net asked eight experts — Jack Brown, Jeff Freedman, Kelly Parsons-O’Brien, David Schultz, Jack Gordon, Christy Barger, Michael … The post Daily Digest – January 6.

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How to Maximize the Blue Cash Preferred Card from American Express

Nerd Wallet

The Blue Cash Preferred® Card from American Express comes with a jaw-dropping 6% cash back on U.S. supermarket purchases, the same 6% cash back on select U.S. streaming subscriptions and 3% cash back on U.S. gas station purchases and transit. There is also 1% cash back on all other purchases, and some additional perks and. Andy Shuman writes for NerdWallet.

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Capital Accounts, LLC Announces New Chief Compliance Officer, Chief Technology Officer

Account Recovery

Nashville, Tennessee – Capital Accounts, LLC, a leader in the healthcare receivables industry, today proudly announces the additions of W. Judd Peak as its new Chief Compliance Officer and Scott E. Martin as its new Chief Technology Officer, both based in the company’s Franklin, Tennessee corporate headquarters. Mr. Peak and Mr. Martin join Capital Accounts … The post Capital Accounts, LLC Announces New Chief Compliance Officer, Chief Technology Officer appeared first on AccountsRecovery.n

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How to Use Travel Rewards to Elevate Your Staycation

Nerd Wallet

Perhaps you live in one of the cities that has been impacted by travel restrictions, and you’re not keen on leaving due to the mandatory quarantine upon return. Maybe you’re one of the people taking time off simply to de-stress from a wild 2020. Turns out, even if you’re not actually traveling, your credit card. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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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Court Grants Class Certification, MSJ for Plaintiff in FDCPA Case

Account Recovery

A District Court judge in Illinois has granted a plaintiff’s motion for class certification as well as a motion for summary judgment in a Fair Debt Collection Practices Act case that hinged on the defendant’s inclusion of an internal notation when it identified the creditor to whom the debt was owed in a collection letter. … The post Court Grants Class Certification, MSJ for Plaintiff in FDCPA Case appeared first on AccountsRecovery.net.

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Impact Investing: What It Is and How to Get Started

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Making a difference goes beyond volunteering and donating money: It can also extend to your investments. Impact investing is a way to put your.

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California District Court Criticizes Creasy, Concluding Barr Decision does not Deprive it of Jurisdiction

TCPA

A district court from the Central District of California cast its lot against the growing argument that federal courts lack jurisdiction over TCPA claims based on conduct that occurred when the government debt exception was part of the statute.

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How To Realign Your Travel Reward Strategy for 2021

Nerd Wallet

Although the pandemic remains as disruptive as ever, the vaccine rollout has opened the possibility that travel could resume sometime in 2021. Maybe. We won’t go into speculation about when or if travel will return this year, but instead focus on what you can do to realign your travel rewards strategy to the new reality. Sam Kemmis 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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Context Matters: Court Grants Summary Judgment for Defendant and Emphasizes that Entire Tradeline Must be Analyzed in FCRA Claims

Troutman Sanders

In Ellis v. Warehouse Home Furnishings Distribs. , Judge Catherine M. Salinas, of the United States District Court for the Northern District of Georgia, granted summary judgment for Warehouse Home Furnishings Distributors, Inc., f/k/a Farmers Furniture Company (“Farmers”), holding that Ellis failed to raise a genuine issue of material fact as to whether “the Farmers tradeline on [Ellis’s] credit reports contained any inaccurate or incomplete information” or whether Ellis suffered damages regardi

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Merchant Cash Advance Calculator: Find the True Cost of an MCA

Nerd Wallet

A merchant cash advance is not a small-business loan; rather, it’s a cash advance in exchange for a cut of your future business sales. Instead of making monthly installment payments over a set period of time, you make daily or weekly payments, plus fees, until the merchant cash advance is paid in full. MCAs often. NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com.

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What is BRKSB/CBNA on My Credit Report?

Better Credit Blog

BRKSB/CBNA may be an unfamiliar name, but it’s short for two popular businesses: Brooks Brothers and Citibank North America. Without reading the fine print, some shoppers are surprised to learn their quick credit card application resulted in a hard inquiry. If you applied for one of Brooks Brothers’ credit cards, it’s likely to blame for the BRKSB/CBNA entry on your report.

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5 Things to Know About the Blaze Mastercard

Nerd Wallet

The Blaze Mastercard offers those with less-than-ideal credit a chance to work on their credit score without excessive fees. The cost-effective card doesn’t require a security deposit to qualify and won’t charge you activation fees, monthly maintenance fees or other expensive fees. It’s issued by First Savings Bank and serviced by Capital Services in South Dakota.

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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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Congressional Override Grants SEC 10-Year Statutory Disgorgement Remedy

Burr Forman

On the new year’s first day, Congress passed the NDAA over President Trump’s veto and gave the SEC more clear – and longer – disgorgement authority for enforcement actions in the courts. The National Defense Authorization Act for Fiscal Year 2021, H.R. 6395 (116th Cong. 2019-2020) is here. First, Section 6501(a)(3) of the Act amends Securities Exchange Act Section 21(d), 15 U.S.C. § 78u(d) to provide express statutory authorization for SEC’s disgorgement remedy in court actions: (7) Disgorgemen

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Annual Opportunity to Switch Medicare Advantage Plans Has Arrived

Nerd Wallet

If you have a Medicare Advantage Plan but aren’t thrilled with it, you have a chance now to change things up: The annual Medicare Advantage Open Enrollment period opened Jan. 1. During this period, which ends March 31, you’re allowed to take one of the following actions once if you’re in a Medicare Advantage Plan: Kate Ashford writes for NerdWallet.

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Model Governance: Yapi Kredi Takes Advanced Approach

Fico Collections

As regulators apply greater pressure on lenders to explain every decision, even those made using AI and machine learning, banking leaders worldwide are seeking a more advanced approach to model governance. An excellent example is Yapi Kredi, one of the largest private banks in Turkey, which will use FICO® Decision Central™ to manage analytics models and decision logic across the enterprise.

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How NerdWallet’s Best-Of Credit Cards Awards Changed for 2021

Nerd Wallet

In 2020, takeout and streaming television became the new dinner and a movie. Webinars became the new business travel. Leggings became real pants. All of these COVID-19-related societal shifts affect where our money goes and which credit cards we turn to when it’s time to make a purchase. Every year, we at NerdWallet look forward. Sara Rathner writes for NerdWallet.

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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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Engagement strategy to recover Bounce Back Loans could return ?6bn to the Exchequer

CSA

A consistent policy for the repayment or recovery of Business Bounce Back Loans (BBLs) and the use of professional debt collection agencies to ensure best practice and forbearance could make a ?6bn difference to the public purse. These are two of the principal recommendations made by the Credit Services Association (CSA) ? the voice of the UK debt collection and debt purchase sectors ?

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Burr & Forman Expands Lending and Real Estate Practices in Charlotte and Atlanta

Burr Forman

Burr & Forman LLP announces the addition of Charlotte-based associate Max Swindle and Atlanta-based associate Maia Middleton. Swindle practices in the firm’s Lending Practice Group, while Middleton practices in the firm’s Real Estate Practice Group. Max Swindle obtained his Juris Doctor from the University of North Carolina School of Law and earned his Bachelor of Arts from the University of North Carolina at Chapel Hill.

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The Digest: January 2021

True Accord

We’re only one week into 2021, and it’s already an eventful year. The surging pandemic , lagging vaccine rollout , imminent political change , and turmoil in Washington are affecting every corner of the country, including the worlds of finance, fintech, and collections. Here are the articles we’re reading to help make sense of what this year may bring: • Distribution of the COVID-19 vaccine in the US is much slower than expected , but economists are already looking ahead to what a post-vaccine e

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One Ringless Voicemail: On Appeal, Eleventh Circuit Affirms District Court Holding on Article III Standing in TCPA Case

Troutman Sanders

On appeal in Grigorian v. FCA US LLC , the Eleventh Circuit affirmed the holding of Judge Cooke, of the United States District Court for the Southern District of Florida, that Mariam Grigorian (“Mariam”), Plaintiff and Appellant, lacked Article III standing in her Telephone Consumer Protection Act claim against FCA US, LLC (“FCA”), Defendant and Appellee.

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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.