Mon.Mar 15, 2021

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Compliance Digest – March 15

Account Recovery

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.

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Better Savers Spend Less Money on These 3 Things

Nerd Wallet

Reducing spending in three common budget categories may significantly boost your ability to save money. And a small mental trick could help you stick to an ongoing savings plan. Those are the findings of two studies investigating the spending habits of better savers and the psychology of saving. Here’s how to apply these habits to. Hal M. Bundrick, CFP writes for NerdWallet.

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Daily Digest – March 15. Judge Grants MTD in FDCPA Case Over Complaints About Letter; Appeals Court Affirms Ruling for Insurance Company in FDCPA, TCPA Case

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER LIST OF COMPLAINTS ABOUT LETTER In a case that was defended by Rick Perr and the team at Kaufman Dolowich & Voluck, a District Court judge in New York has granted a defendant’s motion to dismiss after it was sued in a class action for violating the Fair … The post Daily Digest – March 15. Judge Grants MTD in FDCPA Case Over Complaints About Letter; Appeals Court Affirms Ruling for Insurance Company in FDCPA, TCPA Case appeared first on Accounts

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Does Medicare Cover COVID Testing and Vaccines?

Nerd Wallet

As the U.S. enters its second year of the coronavirus pandemic, the country has conducted more than 360 million tests for COVID-19 and continues to roll out millions of vaccines. It hasn’t been seamless — about 1 in 6 people who are 65 and older tried and failed to sign up for a vaccine, according. Kate Ashford writes for NerdWallet. Email: kashford@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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Fewer Americans Planning to Use Tax Refunds to Pay Down Debt This Year: Survey

Account Recovery

Fewer people plan to use their income tax returns this year to pay down debt or catch up on bills and will instead put that money away for a rainy day or make a big purchase like a car or house, according to the results of a survey released by NerdWallet. But people better get … The post Fewer Americans Planning to Use Tax Refunds to Pay Down Debt This Year: Survey appeared first on AccountsRecovery.net.

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Judge Grants MTD in FDCPA Case Over List of Complaints About Letter

Account Recovery

In a case that was defended by Rick Perr and the team at Kaufman Dolowich & Voluck, a District Court judge in New York has granted a defendant’s motion to dismiss after it was sued in a class action for violating the Fair Debt Collection Practices Act in a number of ways relative to collection … The post Judge Grants MTD in FDCPA Case Over List of Complaints About Letter appeared first on AccountsRecovery.net.

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Basic Fiduciary Duties Owed in Florida Professional Service Provider Companies

Jimerson Firm

Professional service providers in the state of Florida find themselves in precarious legal situations often given the nature of their work. Because these companies are providing advice, consulting, or other services based an employee’s individual qualifications or relationships, there is always an opportunity for the individual to act in his or her own best interest rather than in the interests of the professional service provider company or the client.

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Appeals Court Affirms Ruling That Insurance Company Does Not Have to Defend Customer in FDCPA, TCPA Suit

Account Recovery

The Court of Appeals for the Seventh Circuit has upheld a lower court’s ruling that an insurer did not have a duty to defend a mortgage servicing company that was sued for violating the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act, ruling that the assertions made by the plaintiff in her … The post Appeals Court Affirms Ruling That Insurance Company Does Not Have to Defend Customer in FDCPA, TCPA Suit appeared first on AccountsRecovery.net.

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FICO's National "Score A Better Future" Credit Education Program Reaches Milestone

Fico Collections

When we launched FICO’s “Score A Better Future” program in October 2018, our main goal was to continue to expand consumer credit access through financial education. Our mantra, “Your FICO® Score today doesn’t have to be your FICO Score in the future” still holds true today. These free events are designed to demystify credit and give consumers the tools – including non-profit credit counseling – to take control of their financial health.

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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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DCM Services, LLC Launches Major Upgrade to Probate Finder OnDemand® with New Functionality

Account Recovery

MINNEAPOLIS – DCM Services, LLC (“DCMS”) and its sister company, Forte, LLC, the industry leaders in data and contact management solutions for the estate and specialty receivables recovery market, celebrate the launch of a major upgrade to the Probate Finder OnDemand application. Probate Finder OnDemand provides client access to Forte’s patented Probate Finder® technology and … The post DCM Services, LLC Launches Major Upgrade to Probate Finder OnDemand® with New Functionality appeared fir

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How the Car You Drive Can Raise Your Auto Insurance Rates

Nerd Wallet

Having a spotless driving record doesn’t guarantee you’ll receive a low car insurance rate. While your driving history matters, the car you drive also matters — and it can affect your rates more than you may think. Your car insurance rate is based on a number of factors that help determine the risk presented by. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com.

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Chasing Points: How Many of Us Use Credit Cards Just for the Rewards?

Credit Corp

This post originally appeared on Finder.com. Almost 120 million Americans pay with plastic for the perks. More than a third (47%) of American adults say they’ve used a credit card solely to rack up rewards points, according to the latest Chasing Points study from Finder, an annual study of roughly 1,800 American adults about their credit card spending habits.

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Sonesta Hotels Are Popping Up Everywhere

Nerd Wallet

Big changes may be coming to your next hotel search, especially if you’re a Marriott Bonvoy member. Sonesta Hotels, a previously little-known company with five brands at different price points, is adding 88 properties to its portfolio by the end of March — and every one of them is transitioning from Marriott. It’s part of. Ramsey Qubein 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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Alabama Enacts COVID-19 Liability Protections for Businesses and Healthcare Providers

Burr Forman

Reprinted with permission from the Birmingham Medical News. Like many states, the Alabama legislature passed, and Governor Ivey signed into law, a bill that provides civil liability protections to Alabama businesses and healthcare providers related to COVID-19. On May 8, 2020, Governor Ivey issued an executive order providing similar civil immunity to businesses and healthcare providers, but this legislation provides further protection to ensure businesses are able to remain open and to provide

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Stock Analysis: An Introduction

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. For the average retail investor, trying to beat the market by analyzing and investing in individual stocks isn’t an easy feat. According to Keith.

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Bill Introduced in Congress to Amend the Fair Debt Collection Practices Act to Provide Enhanced Protection Against Debt Collector Harassment of Members of the Armed Forces

Troutman Sanders

On March 2, Rep. Madeleine Dean (D-PA) introduced a bill, the Fair Debt Collection Practices for Servicemembers Act (H.R. 1491), proposing to amend two sections of the Fair Debt Collection Practices Act (FDCPA or the Act) — namely Section 805 of the FDCPA (15 U.S.C. § 1692c) and Section 808 of the FDCPA (15 U.S.C. § 1692f) — to afford additional protection to servicemembers from certain debt collecting practices.

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Scam Alert: Find a COVID Vaccine, but Avoid Criminals

Nerd Wallet

The rollout of COVID vaccines offers rich opportunities for scammers: There’s not yet enough supply for everyone who wants a shot. Eligibility rules and sign-up procedures vary by location and change frequently. Everyone is tired of pandemic restrictions and desperate to hear — and believe — that they can get that coveted jab sooner. It. Bev O'Shea 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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Brit Suttell profiled in Creditor Collections Today

BN Lawyers

Creditor Collections Today wrote a nice profile of BNPC attorney Brit Suttell. Highlights include how Brit grew up addressing green cards in her father’s law office and how she wooed her wife by catching and grilling a salmon. Read the profile at [link]. Share List.

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3 Ways COVID-19 Reshuffled Our Finances

Nerd Wallet

The U.S. economy ground to a halt in March 2020 as state after state issued lockdown orders and shut down businesses to blunt the spread of the coronavirus. A year later, mask-wearing is commonplace, the phrase “social distancing” is now in the dictionary, elbow bumps have replaced fist bumps and hugs are still on pause. Kelsey Sheehy writes for NerdWallet.

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American Rescue Plan Extends Employee Retention Credit

Burr Forman

Prior to the passage of The American Rescue Plan Act of 2021 on March 11, 2021 (the “Rescue Act”) the employee retention credit, as amended by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”), was set to expire for wages paid after June 30, 2021. The Rescue Act extends the employee retention credit to qualifying wages paid through December 31, 2021.

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Smart Money Podcast: Procrastination, and Paying Student Loans vs. Investing

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion on how to stop procrastinating on big money tasks. Then we pivot to this week’s question from Jasmine from Michigan, who asks, “I’m wondering whether it’s a better idea to put money in a 401(k). Liz Weston 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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The 5G Data Explosion - Make it Your Competitive Advantage

Fico Collections

The comprehensive roll-out of 5G across the UK and the rest of Europe is due to be completed within the next five years, although many analysts agree there’s already a notable lag behind North America and Asia. It’s worth noting because the numbers are significant, with 5G’s arrival expected to drive a predicted US$700 billion in global business opportunities during the next decade.

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The Busy Person’s Guide to United Airlines Customer Service

Nerd Wallet

If you travel with United Airlines frequently, chances are you’ll need to contact customer service at some point. These days, travelers are reaching out to airlines more than ever to check up on safety measures, request refunds and flight changes, or simply seek information about upcoming travel plans. So here’s our guide to United Airlines’. Alisha McDarris writes for NerdWallet.

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2020 State of the Children’s Savings Field – Resilience Despite Challenges 

Prosperity Now

The children’s savings field continued to grow in 2020, according to a new report from Prosperity Now, Sustaining the Movement:

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A Guide to Best Western Redemption Partners

Nerd Wallet

If you’re sitting on Best Western Rewards points, but you don’t feel like redeeming them for a hotel stay, you can use them at Best Western partners. These partner redemptions probably won’t get you the same value as redeeming points for hotel stays in the Best Western family, but they may better fit your plans. Andy Shuman writes for NerdWallet. Email: travel@nerdwallet.com.

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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.