Account Recovery
MAY 3, 2021
JUDGE DENIES MTD IN FDCPA SUIT OVER FRAUDULENT DEBT A District Court judge in Washington has denied a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act after it was accused of continuing to demand payment and moving forward with a collection lawsuit even though it had been notified by the … The post Daily Digest – May 3.
Nerd Wallet
MAY 3, 2021
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about pet scams, including common scams people fall victim to and how to avoid them. Then we pivot to this week’s two listener questions about buying different home types. First, a listener asked, “Can you please.
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Account Recovery
MAY 3, 2021
The Eleventh Circuit Court of Appeals has dismissed an appeal filed by a plaintiff seeking to recover additional recoveries after being awarded $14,000 in a Telephone Consumer Protection Act case against a collector. A copy of the ruling in the case of Floyd v. Navient Solutions can be accessed by clicking here. The plaintiff sued … The post Appeals Court Dismisses Request Seeking Additional Damages in TCPA Suit appeared first on AccountsRecovery.net.
Nerd Wallet
MAY 3, 2021
May mortgage rates forecast I predict that the rate on the 30-year mortgage won’t change much in May. It will go up and down a bit day to day but will remain between 2.875% and 3.25%. Companies will continue to hire, and consumers will keep spending, supported by relief checks from the American Rescue Plan. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.
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.
Account Recovery
MAY 3, 2021
In a sign of what is likely to come, lawsuits alleging violations of the Fair Debt Collection Practices Act increased 19% in March compared with February, although the total for the first quarter of 2021 is still well below that from the same period last year, according to data released last week by WebRecon. Lawsuit … The post Lawsuit Totals Spike in March: WebRecon appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MAY 3, 2021
There is likely a sense that only people who do not make a lot of money are unable to afford paying for healthcare, and while that is largely true, data from a nationwide poll reveals that regardless of how much money an individual makes, healthcare costs force difficult decisions to be made. About 46 million … The post Healthcare Costs Cause Problems For Everyone, Regardless of Income appeared first on AccountsRecovery.net.
Debt
MAY 3, 2021
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the COVID-19 Emergency Relief program. In addition to the well-publicized rule that no payments are necessary on Direct Federal Student Loans until at least Sept. 30… The post How to Get a Refund on Your Student Loan Payments During COVID-19 appeared first on Debt.org.
Account Recovery
MAY 3, 2021
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Nerd Wallet
MAY 3, 2021
I’m a frequent traveler, having visited over 50 countries (sometimes multiple times) in the last 13 years. For over a decade, I’ve been loyal to United Airlines, but I’m now considering switching my loyalty to Alaska Airlines. Why I’ve been loyal to United Hub access to a variety of destinations One of the main reasons. Josh Garber writes for NerdWallet.
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Account Recovery
MAY 3, 2021
A District Court judge in Washington has denied a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act after it was accused of continuing to demand payment and moving forward with a collection lawsuit even though it had been notified by the plaintiff’s attorney that the underlying debt in question was … The post Judge Denies MTD in FDCPA Suit Over Fraudulent Debt appeared first on AccountsRecovery.net.
Credit Corp
MAY 3, 2021
NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to May 17, 2021. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn More. Some canceled debts are treated like income by the IRS.
Consumer Finance
MAY 3, 2021
The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.
Nerd Wallet
MAY 3, 2021
Bounced checks happen. Maybe you got an unexpected delay in receiving your paycheck before you mailed out your rent payment. Or maybe you forgot that you sent a check for your niece’s birthday and double-dipped that same cash on another check to the electric company. Here’s how you can recover from sending a bounced check. Chanelle Bessette writes for NerdWallet.
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?
Fraser
MAY 3, 2021
In December, 2019, Michigan authorized the sale of adult-use marijuana (i.e., recreational marijuana). Michigan municipalities are thus automatically deemed to permit adult-use businesses without restriction unless they pass ordinances restricting or prohibiting them within their jurisdictions. The legalization of adult-use marijuana has resulted in the establishment of procedures for businesses to become licensed to sell in accordance with local regulations and restrictions on the number and ty
Nerd Wallet
MAY 3, 2021
As of May 4, 2021, the Frontier Airlines World Mastercard® is allowing new cardholders to skip the annual fee in the first year after opening an account. After that, the annual fee will be the normal $79. If Frontier is your preferred airline, the Frontier Airlines World Mastercard® now becomes more valuable during the first. Melissa Lambarena writes for NerdWallet.
Credit Corp
MAY 3, 2021
You might know all about your personal FICO score and how to keep it in good shape. But did you know your business could have a rating of its own? That rating can be important when it comes to financing or working with certain business partners. If you’re ready to learn more, think of this guide as your business credit 101 class. What Is Business Credit?
Nerd Wallet
MAY 3, 2021
The best business accounting software for freelancers is easy to use, affordable and powerful enough to provide the functionality you need to run your business efficiently. » MORE: NerdWallet’s best small-business apps There are numerous good options on the market for freelancers, but three stand above the rest in terms of functionality, ease of use.
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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.
Burr Forman
MAY 3, 2021
Since the appointment of Allison Heron Lee as interim SEC chair, the SEC has pushed an ESG agenda in all things from corporate disclosures, to investment companies, international standards and even enforcement. See this blog post here. Those moves have sparked discussion, and sometimes, skepticism. Read more about that in this blog post here. As April ended, the Street’s other main regulator, FINRA, joined the ESG discussion – but in a different way.
Nerd Wallet
MAY 3, 2021
Dharma Merchant Services is a merchant services provider that prioritizes simplicity and affordability, fees and payments that small-business owners encounter. Plus, its platform-agnostic software system allows business owners to use the point-of-sale hardware of their choosing. All told, Dharma Merchant Services offers a great service at a great price, so long as your business meets.
TCPA
MAY 3, 2021
In an interesting decision from the District Court of Oregon, United States Magistrate Judge Youlee Yim You recommended granting a motion to deny class certification where uncertainty about the appropriate classification of a cell phone number’s use was enough to … Continue reading →
Nerd Wallet
MAY 3, 2021
Air France flies to about 200 destinations in 91 countries and its first class cabin, La Première, is made up of individual suites offering maximum privacy and luxurious extras. From food to seats to service, Air France’s La Première cabin is a must-try for any premium cabin traveler. Here’s how to make the most of. Anya Kartashova writes for NerdWallet.
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.
Katabat
MAY 3, 2021
“Is the U.S. Student Loan Program Facing a $500 Billion Hole? One Banker Thinks So.”. That’s the headline from a recent Wall Street Journal article on a 144-page report by a former JP Morgan executive Jeff Courtney who calculates that more than $500 billion of the U.S. government’s $1.6 trillion student loan portfolio could be defaulted on. The article notes that the half trillion dollars of default would exceed what taxpayers lost on the saving-and-loan crisis 30 years ago.
Nerd Wallet
MAY 3, 2021
In simple terms, what is investing? Investing is putting your money into assets, such as stocks or bonds, with the expectation that your money will grow. That’s it. Personal finance is full of concepts that can intimidate newcomers. In reality, being smart with money doesn’t require being a genius or getting an MBA. A lot. NerdWallet writes for NerdWallet.
Public Citizen
MAY 3, 2021
The U.S. Department of Education announced today that Richard Cordray will be its Chief Operating Officer of Federal Student Aid. Cordray is the former Director of the Consumer Financial Protection Bureau and the former Attorney General of Ohio. Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965, including grants, work-study and loans for students attending college or career school.
Nerd Wallet
MAY 3, 2021
If you’re looking for an easy-to-use, cloud-based, professional-looking invoicing software with an equally functional mobile option, Invoice2go should be at the top of your list. Invoice2go will probably work best for sole proprietorships, freelancers and very small businesses with low invoicing volume; or, more broadly, the businesses that just need a simple, easy-to-use, but highly.
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