Wed.Aug 17, 2022

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Collection Law Firm Not Subject to State Lending Law, Maryland Appeals Court Rules

Account Recovery

A Maryland Appeals Court has issued a ruling in a case being heard in federal court, determining that law firms engaged in debt collection activities on behalf of a client are not subject to the Maryland Consumer Loan Law. A copy of the ruling, in the case of Nagle & Zaller v. Delegall can be … The post Collection Law Firm Not Subject to State Lending Law, Maryland Appeals Court Rules appeared first on AccountsRecovery.net.

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Can I Hire Multiple Collection Agencies at One Time?

Nexa Collect

You can legally hire more than one collection agency at a time, provided you do not assign the same account to multiple collection agencies. If one debtor starts getting contacted by different agencies, you can be sued for harassment. . However, hiring more than one collection agency will be very hard to manage. Keeping track of which accounts have been assigned to Collection Agency “A” and others to Collection Agency “B” is always confusing.

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Appeals Court Affirms Rulings for Defendant in FCRA Cases

Account Recovery

The Court of Appeals for the Eighth Circuit has affirmed lower court rulings for the defendants in a pair of Fair Credit Reporting Act cases, ruling that injuries allegedly suffered by the plaintiffs because of issues related to bankruptcy notations on their credit reports were not sufficient to confer standing or create a genuine fact … The post Appeals Court Affirms Rulings for Defendant in FCRA Cases appeared first on AccountsRecovery.net.

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Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices

Nerd Wallet

Rising prices (i.e., inflation) are everywhere you look — on the news, at the pump and in the grocery store. We notice these changes when we reach for our wallets, but it’s difficult to grasp what an extra dollar here or several dollars there mean over the course of several weeks, months or an entire. Elizabeth Renter writes for NerdWallet. Email: elizabeth@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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22 Companies Looking to Hire Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Looking to Hire Collection Talent appeared first on AccountsRecovery.net.

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Daily Digest – August 17. Appeals Court Affirms Ruling for Defendants in FCRA Cases; Ed. Dept. Cancels $4B of Loans

Account Recovery

APPEALS COURT AFFIRMS RULINGS FOR DEFENDANTS IN FCRA CASES The Court of Appeals for the Eighth Circuit has affirmed lower court rulings for the defendants in a pair of Fair Credit Reporting Act cases, ruling that injuries allegedly suffered by the plaintiffs because of issues related to bankruptcy notations on their credit reports were not … The post Daily Digest – August 17.

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Best Life Insurance for Children: 5 Policies That Cover Kids in August 2022

Nerd Wallet

As a parent, grandparent or legal guardian, buying life insurance for children is one way to guarantee coverage for them later in life. Our list of the best life insurance for kids includes companies that offer standalone life insurance policies for children — not riders, which tend to expire when the child becomes an adult. Katia Iervasi writes for NerdWallet.

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Ed. Dept. Discharges All Remaining Loans for ITT Tech Students

Account Recovery

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9 billion on those outstanding debts. At the same time, the … The post Ed.

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Buying a New Car? Prepare for Over $10K in Yearly Ownership Costs

Nerd Wallet

The annual cost of owning and operating a new car ballooned nearly 11% in the past year to $10,728 — or $894 per month — according to AAA’s Your Driving Costs study. That represents a considerable hike from 2021, when it cost an estimated $9,666, or $805 per month, to own a new car. Costs. Cara Smith writes for NerdWallet. Email: cara.smith@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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Top Reasons to Outsource Debt Collection

Taurus Collect

Recovering debts can be arduous, time-consuming, inefficient, and expensive if you lack the proper knowledge and expertise. This is one of the significant reasons why top companies are constantly hiring debt collection agencies to help them conduct hassle-free debt collection. Some companies often refrain from chasing payments from clients due to the fear of disrupting their relationships with them.

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Flight Deals Still Exist: 4 Ways to Find Them

Nerd Wallet

Gone are the days of jaw-droppingly low prices on plane tickets. In fact, according to the Bureau of Labor Statistics, airfare has jumped 27.7% in the past year. Although you may not find pandemic flight deals, there are still ways to get a good deal on your tickets. Here are a few methods you can. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Ways Effective Collections Process Improves Your Cash Flow

Taurus Collect

Expanding your business is an expensive endeavor, demanding excessive planning and resources. Every company seeks opportunities to scale its business by increasing profitability or boosting revenue. However, one of the significant ways to ensure phenomenal business growth is by maintaining a healthy cash flow. Cash-in-hand is a critical resource that equips you to sponsor growth-oriented initiatives.

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What Is Proof-of-Stake Cryptocurrency?

Nerd Wallet

Proof-of-stake cryptocurrencies are digital assets that use a method known as staking rather than mining to ensure the legitimacy of transactions reported by users. Staking is a way to earn passive income by committing cryptocurrency to aid in the operation of a blockchain network. Among the major cryptocurrencies that use proof of stake are Cardano, Andy Rosen 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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CFPB Turns Its Attention to Data Security

Troutman Sanders

On August 11, the Consumer Financial Protection Bureau (CFPB) published a circular, answering the question “Can entities violate the prohibition on unfair acts or practices in the Consumer Financial Protection Act (CFPA) when they have insufficient data protection or information security?” with a resounding “yes.” Specifically, the CFPB pointed to three practices — inadequate authorization, poor password management, and lax software update policies — as examples of data security practices that w

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Frank, Frank, Goldstein And Nager Once Again Named One Of Inc. 5000’S Top Private Companies

FFGN COLLECT NY

Frank, Frank Goldstein & Nager is proud to announce that it has once again been recognized by Inc. Magazine’s prestigious Inc. 5000 list as one of the fastest-growing private companies in the United States. FFGN, a law firm devoted to the collection of bad debt, is the only New York Law Firm to appear on this year’s list, coming in 40 th in the legal industry.

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What You Should Bring to Your Next Airbnb to Make It Livable

Nerd Wallet

Short-term vacation rentals such as Airbnb and Vrbo offer much that hotels can’t, such as authenticity and uniqueness. Yet these benefits come with some major downsides. Unpredictability and hit-or-miss property management means that travelers never know what to expect before walking in the door. According to a survey commissioned by Airbnb in 2019, “functionality” (such.

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Merchants Are Now Consumers? FTC Settles Action Against Payment Processor After Alleging Its Merchants Are “Consumers”

Troutman Sanders

On July 29, the Federal Trade Commission (FTC) filed a complaint and executed a stipulated order with payment processor First American Payment Systems LP (First American) and companies that market its services — Eliot Management Group LLC (Eliot) and Think Point Financial LLC (Think Point) (collectively, the defendants). The FTC alleged that the defendants violated Section 5 of the Federal Trade Commission Act (FTC Act), 15 U.S.C. § 45, and Section 4 of the Restore Online Shoppers’ Confidence Ac

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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 Much Does a Vasectomy Cost?

Nerd Wallet

A vasectomy is a safe, minor surgical procedure and form of birth control that has a nearly 100% success rate. It’s estimated that 500,000 people get vasectomies in the U.S. each year, according to a 2018 article in the journal Urology. On average, a vasectomy costs around $1,000, according to Planned Parenthood and Medicare. Of. Cara Smith writes for NerdWallet.

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Inflation Reduction Act Targets Climate Change, Health Care Costs, Taxes

NACM

President Joe Biden signed on Tuesday the Inflation Reduction Act into law, which aims to lower health care costs and raise taxes on corporations. The law includes $369 billion for climate and energy policies; $64 billion to reduce health insurance costs; and a minimum 15% corporate tax rate for companies that earn more than $1 billion a year."The.

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