Mon.Apr 19, 2021

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Comment Period Now Open on CFPB NPRM to Delay Rule’s Effective Date

Account Recovery

The 30-day comment period on the Consumer Financial Protection Bureau’s proposal to delay the effective date of Regulation F, its Debt Collection Rule, is now open, after the Notice of Proposed Rulemaking was published today in the Federal Register. Comments on the NPRM to delay the implementation of Regulation F to Jan. 29, 2022 from … The post Comment Period Now Open on CFPB NPRM to Delay Rule’s Effective Date appeared first on AccountsRecovery.net.

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IRS Form 941 Instructions: How to Fill Out and File Form 941

Nerd Wallet

Unlike individual taxpayers who only have to file one tax return per year, most businesses are required to file quarterly tax returns. On Form 941, also known as the Employer’s Quarterly Federal Tax Return, businesses must report the income taxes and payroll taxes that they’ve withheld from their employees’ wages — as well as calculate and. Priyanka Prakash writes for NerdWallet.

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Judge Awards $17k in Damages and Attorney’s Fees in FCRA Default Judgment

Account Recovery

A District Court judge in Arizona has awarded more than $17,000 in damages and attorney’s fees to a plaintiff who obtained a default judgment against a collection agency for allegedly violating the Fair Credit Reporting Act by furnishing inaccurate information because it reported a delinquent account that was more than seven years old. A copy … The post Judge Awards $17k in Damages and Attorney’s Fees in FCRA Default Judgment appeared first on AccountsRecovery.net.

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Does Medicare Cover Acupuncture?

Nerd Wallet

Medicare Part B (Medical Insurance) covers acupuncture, but only in very limited circumstances, and for limited visits each year. The number of treatments you receive also depends on whether you’re improving. Medicare started covering acupuncture in 2020, in an effort to increase access to alternatives to prescription opioids for pain relief. What is acupuncture?

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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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Bill Seeks to Keep Operation Choke Point From Happening Again

Account Recovery

A bill has been introduced in the Senate that seeks to prohibit financial institutions from denying services to law-abiding businesses, such as companies in the accounts receivable management industry, as a means of ensuring crackdowns like Operation Choke Point never happen again. The legislation, S. 1088, was introduced by Sen. Ted Cruz [R-Texas].

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Compliance Digest – April 19

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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What to Know About Buying a Second Home

Nerd Wallet

Buying a second home is a big upgrade, whether you’re laying claim to your favorite vacation spot or taking a first step into real estate investment. But the costs involved with purchasing and maintaining a second home add up fast, and vary considerably depending on how you use the property. Mortgage options will also be. Kate Wood writes for NerdWallet.

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Daily Digest – April 19. Judge Awards $17k in Damages, Attorney’s Fees in FCRA Default Judgment; Comment Period Now Open on CFPB NPRM to Delay Rule’s Effective Date

Account Recovery

JUDGE AWARDS $17K IN DAMAGES, ATTORNEY’S FEES IN FCRA DEFAULT JUDGMENT A District Court judge in Arizona has awarded more than $17,000 in damages and attorney’s fees to a plaintiff who obtained a default judgment against a collection agency for allegedly violating the Fair Credit Reporting Act by furnishing inaccurate information because it reported a … The post Daily Digest – April 19.

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Cheapest Credit Card Processing Companies for Small Business

Nerd Wallet

Whether you’ve just decided to start taking credit cards or you’ve been doing so for a while and feel like it’s too expensive, you might be wondering: Who is the cheapest credit card processing company? Unfortunately, with all of the complexities of credit card processing and merchant services, there is no simple answer to this question. Randa Kriss 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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Minnesota AG Settles with Student Loan Debt Relief Company

Account Recovery

The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as a debt settlement service provider. … The post Minnesota AG Settles with Student Loan Debt Relief Company appeared first on AccountsRecovery.net.

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Webull vs. Robinhood: 2021 Comparison

Nerd Wallet

Webull and Robinhood have many similarities, but there’s one major difference: Webull offers more sophisticated trading features geared toward intermediate and advanced traders, while Robinhood provides a bare-bones trading platform for new investors looking for a streamlined experience. Each has its pros and cons, depending on which category of investor you fall into.

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Exploring a Holistic Savings Concept with Credit Unions

Prosperity Now

The interviews with credit unions that informed this blog were made possible thanks to the support of Inclusiv whose mission

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Does Medicare Cover Chiropractic Care?

Nerd Wallet

Medicare covers chiropractic services, but only under certain circumstances, and Medicare doesn’t cover some services and tests a chiropractor orders. What chiropractic care does Medicare cover? Medicare Part B (Medical Insurance) covers manual manipulation of the spine by a chiropractor or another qualified provider if it’s medically necessary to correct a subluxation.

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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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Statement by Gary Cunningham on the verdict in the murder trial of Derek Chauvin

Prosperity Now

Washington, DC (April 20, 2021) – Following is a statement by Gary Cunningham , President and CEO of Prosperity Now

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Smart Money Podcast: Cannabis Investing and Too Much Cash

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 about cannabis ETFs. While they may seem like an appealing investment, the industry’s volatility should give you pause. Then we pivot to this week’s question from Pete in Boston. He asks: “Is it possible to. Liz Weston writes for NerdWallet.

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What Happens When You Lease a Car?

Credit Corp

Are you thinking about getting a new car? Buying a car is a big step. There’s a ton to consider—what type of car do you want? Do you want a newest model? How long do you want to keep your car? You also need to consider things like your lifestyle, how often you travel and more. If you’re having trouble deciding, there is another option—leasing a car.

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How to Travel to Salt Lake City on Points and Miles

Nerd Wallet

Salt Lake City, home to “The Greatest Snow on Earth,” is famous for its ski resorts — 11 of them within an hour’s drive from downtown. Travelers seeking summer hikes and adventure love Utah for its natural wonders, including five national parks. Plus, Yellowstone National Park and Grand Teton National Park are also within a. Anya Kartashova 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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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Capital One Adds Airline Transfer Partners, Opens Airport Lounges

Nerd Wallet

Capital One might trail behind other big banks, like American Express and Chase, in the eyes of savvy travelers optimizing for credit card perks that level up their status, like airline lounges, trip flexibility and copious rewards points. But the bank behind the Capital One Venture Rewards Credit Card is emerging as a dark horse. Sally French writes for NerdWallet.

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CFPB rule: Tenants can hold debt collectors accountable for illegal evictions

Public Citizen

The Consumer Financial Protection Bureau today issued an interim final rule in support of the Centers for Disease Control and Prevention’s eviction moratorium. The CFPB’s rule requires debt collectors to provide written notice to tenants of their rights under the eviction moratorium and prohibits debt collectors from misrepresenting tenants’ eligibility for protection from eviction under the moratorium.

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How to Start a Daycare: A Step-by-Step Guide

Nerd Wallet

If you’re a teacher, former teacher, or simply have years of experience caring for children—and an entrepreneurial streak—you might have considered starting your own daycare center, either from home or in a dedicated facility. And at an expected job growth of 7% over the next decade, working in childcare is a stable career choice. So, Caroline Goldstein 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 Importance of Using Background Screening in Your Company

Micro Bilt

When you do universal background screenings, you help keep all your employees safe. You also keep your employees in a productive work environment.

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PrestaShop vs. Shopify 2021: Features, Pricing, Reviews

Nerd Wallet

Choosing the right e-commerce platform for your business will be an integral decision to starting an online store. Your e-commerce platform dictates how you create your site, list your products, accept payments and manage the whole of your operations. Luckily, there are numerous platforms on the market, each with different capabilities that may or may not meet.

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The People’s Prosperity Pilot is Providing Financial Relief for CollegeBound Saint Paul Families

Prosperity Now

In September 2020, the city of St.

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9 Million-Dollar Business Ideas in 2021

Nerd Wallet

Owning your own business can be a thrilling challenge and a freeing endeavor. However, starting a business can also be very costly. That’s why most entrepreneurs want to ensure they recoup their startup costs by entering a lucrative industry. People talk sometimes about “million-dollar” business ideas, and while the definition behind that term is murky, Jacqueline DeMarco writes for NerdWallet.

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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.