Wed.Sep 15, 2021

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Appeals Court Affirms Ruling in FDCPA Fees-on-Fees Case

Account Recovery

The Court of Appeals for the Seventh Circuit has affirmed a lower court’s ruling that a collector did not violate the Fair Debt Collection Practices Act by attempting to collect attorney’s fees and fees-on-fees after filing a collection lawsuit against an individual. A copy of the ruling in the case of Robbins v. MED-1 Solutions … The post Appeals Court Affirms Ruling in FDCPA Fees-on-Fees Case appeared first on AccountsRecovery.net.

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Need a Passport for a Trip? Give Yourself a Big Time Cushion

Nerd Wallet

If you’re a procrastinator and your passport is set to expire, hopefully you don’t have an international trip planned within the next four months (at least). The U.S. Department of State is warning of massive delays in turnaround times both for issuing new — and renewing existing — passports. If you’re renewing an existing passport. Sally French writes for NerdWallet.

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Lawmakers, Regulators Praise Ed. Dept.’s New Oversight Guidance

Account Recovery

Lawmakers, state Attorneys General, and state regulators — including those that regulate collection agencies — are praising a decision by the Department of Education to undo a Trump-era rule regulating debt collectors and servicers of federal student loans. The Education Department last month sought to repeal a rule that was enacted in 2018 preventing states … The post Lawmakers, Regulators Praise Ed.

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Should you give your customer a heads up they’re going to debt collection?

Collect More

This is a question we get asked all the time and our answer is always the same- absolutely you should. But give them one final chance and don’t ever give them longer than 24 hours to respond or pay. Short, sharp deadlines. The time for chit chat and niceties is over. You mean business and they can either pay you today or deal with the debt collectors tomorrow.

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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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Daily Digest – September 15. Collectors Share Tips to Connect With Consumers; Appeals Court Affirms Ruling for Defendant in FDCPA Case

Account Recovery

COLLECTORS SHARE TIPS TO HELP ESTABLISH CONNECTIONS WITH CONSUMERS Conversations between collectors and consumers are like snowflakes, in that each of them are unique and one-of-a-kind in their own way. Consumers can be hostile, skittish, uncertain, embarrassed, aggressive, confused, or some combination of any or all of those emotions. Making any of those types of … The post Daily Digest – September 15.

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Collectors Share Tips to Help Establish Connections with Consumers

Account Recovery

Conversations between collectors and consumers are like snowflakes, in that each of them are unique and one-of-a-kind in their own way. Consumers can be hostile, skittish, uncertain, embarrassed, aggressive, confused, or some combination of any or all of those emotions. Making any of those types of consumers feel comfortable is no small feat. And it’s … The post Collectors Share Tips to Help Establish Connections with Consumers appeared first on AccountsRecovery.net.

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Retail Insurance: What It Is, How to Get It for Your Business

Nerd Wallet

Most retail stores should have general liability and commercial property insurance to protect their businesses against common risks, such as customer injuries and property damage. In fact, in order to rent retail space, a landlord may require proof of both types of small-business insurance before approving your lease application. Although these policies may be sufficient.

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California Legislature Passes AB1020

Account Recovery

The California state Senate has followed the Assembly in passing AB1020, a bill that would restrict hospitals from selling certain patient debts, require collectors to certify that patients have been screened for public programs and financial assistance before filing a collection lawsuit, and extend the period before a debt could be placed with a collection … The post California Legislature Passes AB1020 appeared first on AccountsRecovery.net.

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Chase Freedom and Flex 5% Categories for Q4 2021: PayPal, Walmart

Nerd Wallet

Just in time for holiday shopping, PayPal and Walmart will be the fourth-quarter 2021 rotating bonus categories for the Chase Freedom Flex? and the older Chase Freedom®. It’s the second year in a row those spending categories have been featured in the fourth quarter for these popular cards issued by Chase. The quarter runs from. Gregory Karp 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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10 Practical Money Skills to Master Before Retirement

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. Everyone wants to enjoy a comfortable retirement , but unfortunately, this goal feels out of reach for most people. Individuals approaching retirement can increase their chances of financial stability by working to master practical skills that will be essential once the working years are in the rearview mirror.

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Medicare Advantage Plans in Florida

Nerd Wallet

More than 4.6 million people in Florida are signed up for Medicare, making it the second-largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older. Medicare Advantage is an all-in-one alternative to Medicare that offers all the same benefits and usually some extras, such as dental. Kate Ashford writes for NerdWallet.

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Can Social Security Overpayments be Discharged in Bankruptcy?

Sawin & Shea

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. The Social Security Administration sometimes makes the mistake of overpaying people so often that they have a formal procedure to follow when it happens, including forms ready to go when it is discovered. Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members.

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5 Things to Know About Capital One’s New Student Credit Cards

Nerd Wallet

The Capital One Quicksilver Student Cash Rewards Credit Card and Capital One SavorOne Student Cash Rewards Credit Card get good marks compared to other student-friendly options in their class. Both cards exceed the standard 1% rewards rate that might be found on some student credit cards. The cards are versions of the existing Capital One. 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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Minnesota Establishes Licensing Requirement for Debt Buyers

Troutman Sanders

Earlier this summer, Minnesota extended many of its collection agency requirements to debt buyers through the enactment of H. F. No. 6. As of January 1, 2022, debt buyers will need to hold a collection agency license or have a licensing application filed with the Minnesota Department of Commerce (Department) in order to “engage[] in the purchase of any charged-off account, bill, or other indebtedness for collection purposes, whether the business collects the account, bill, or other indebtedness,

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7 Reasons to Join Hilton Honors

Nerd Wallet

Many travelers find themselves gravitating toward Hilton properties as their go-to hotel brand. As many as 118 million people are members of its loyalty program, Hilton Honors. Whether you’re a regular business traveler or an occasional guest on vacation, joining Hilton Honors can offer additional perks to make your stays even more rewarding. Here are.

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Can Social Security Overpayments be Discharged in Bankruptcy?

Sawin & Shea

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. The Social Security Administration sometimes makes the mistake of overpaying people so often that they have a formal procedure to follow when it happens, including forms ready to go when it is discovered. Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members.

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How to Get Construction Business Insurance

Nerd Wallet

Commercial insurance isn’t just essential for construction businesses, it is often required — either by the state or client — for contractors and developers. Whether you’re a plumber, electrician, carpenter or general contractor, these five steps will help you figure out what type of small-business insurance you need, and give you the tools to compare your.

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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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Avoiding Online Payment Issues

Payment Savvy

Businesses are moving in droves to e-commerce sites. When selling products or services online, having a solid and secure payment solution is a must. These types of payments are advantageous to both the consumer and the merchant. For customers, it provides the convenience of paying for needed items quickly over the internet. It allows sellers to increase their revenue by attracting more customers via a new selling platform – the far-reaching internet.

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Minimum wage for apprentices - what you need to know

CSA

All apprentices in the UK are entitled to be paid at least the National Minimum Wage. However, it is estimated that around one in five apprentices may not be paid correctly. It?s important that apprentices and their employers understand their rights and obligations around the National Minimum Wage. For apprentices (see below for information for employers).

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New Ninth Circuit ruling on Federal Arbitration Act preemption

Public Citizen

The Ninth Circuit issued a decision today in Chamber of Commerce v. Bonta. The Ninth Circuit write summaries of its opinions for public consumption. As the Ninth Circuit puts it, a summary "constitutes no part of the opinion of the court. It [is] prepared by court staff for the convenience of the reader." The following summary provides a synopsis of the majority opinion authored by Judge Charles Lucero (a Tenth Circuit judge sitting by designation) and a partial dissent authored by Jud

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Powerhouse Panel With Leading Technology, Law Enforcement, Cyber Insurance and Legal Experts to Help Protect Businesses from Crippling Ransomware Attacks

Jimerson Firm

Jacksonville, Fla. – September 15, 2021 – Jimerson Birr, a business law firm with an overarching mission of adding value with every engagement, has assembled a dynamic panel to offer resources and tools to companies for preventing and responding to ransomware attacks in a free seminar Thursday, October 7, 2021 from 11:30 a.m. to 1:00 p.m. A successful ransomware attack can cost a business hundreds of thousands of dollars or more in cash, plus weeks of lost productivity and temporary or permanent

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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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Season 2: Episode 4: A Discussion of Adarand Construction v. Pena

PBWT

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UK Delays Brexit Border Checks on Food as Grocery Stores Struggle to Stock Shelves

NACM

The United Kingdom will postpone the start of Brexit border checks on food imports from the European Union until July 2022, said Brexit minister David Frost in a statement on Tuesday.The goal of delaying some Brexit protocols is to give businesses more time to adjust and prevent the current food shortage in the U.K. from getting worse. Europe suppl.

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Which Is Harder: Customer Centricity or Solving a Rubik’s Cube?

Fico Collections

There’s a fun 40-minute documentary on Netflix called “The Speed Cubers,” about people for whom competitive Rubik’s Cube solving is somewhat of an obsession. And it holds some useful parallels for those who may find themselves responsible for solving their companies’ digital transformation and customer centricity challenges. First, here’s some interesting Rubik’s Cube statistics: There are more than 43 quintillion possible configurations of the Rubik's Cube… that’s 43 billion-billion, or 43 fol