Fri.Apr 16, 2021

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Proposal Released to Standardize, Modernize Licensing Process

Account Recovery

The Conference of State Bank Supervisors has issued a set of proposed requirements aimed at developing a standardized approach to the state licensing process for nonbank financial regulatory entities. It is seeking comments on the proposal through May 31. The overarching objective of the CSBS’s plan is to modernize the Nationwide Multistate Licensing System to … The post Proposal Released to Standardize, Modernize Licensing Process appeared first on AccountsRecovery.net.

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Ways to Save Money on a Tight Budget

Nerd Wallet

If you’re so strapped that you have to choose between paying your electricity or water bills, we’ll spare you the “stop buying coffee” advice. Simple money-saving hacks won’t cut it if you’re scraping by from one paycheck to the next — or have no paycheck at all. Before figuring out ways to save money on. Laura McMullen writes for NerdWallet. Email: lmcmullen@nerdwallet.com.

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RMAI Honors Outstanding Member and Executive Director

Account Recovery

April 14, 2021 (Sacramento, CA)?– Against all odds, the Receivables Management Association International held its 2021 Annual Conference in Las Vegas, April 12-25, 2021. With more than 500 in-person attendees and more than 150 virtual attendees, leaders from RMAI capitalized on the event by honoring an outstanding member and RMAI’s executive director.

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How My Travel Credit Card’s Benefit Saved Me Over $1,000

Nerd Wallet

In 2020, I was looking forward to leaving Los Angeles for a socially distanced vacation in San Diego. I had stocked up on food, hand sanitizer, wipes and masks. To stay safe and distant, I had booked two cottages near the beach with my travel credit card. My friend and his significant other would stay. Melissa Lambarena writes for NerdWallet. Email: mlambarena@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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Some Final Thoughts — and Photos — From RMAI’s Conference

Account Recovery

LAS VEGAS — Perhaps the most telling comment I can make about how the annual conference hosted by Receivables Management Association International (RMAI) went these past few days is the number of times I heard people asking one another, “So, what is the next conference you’re going to?” People were asking if they were going … The post Some Final Thoughts — and Photos — From RMAI’s Conference appeared first on AccountsRecovery.net.

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Daily Digest – April 16. Some Final Thoughts, and Photos, From RMAI; Judge Grants MSJ for Defense in FDCPA Dispute Case

Account Recovery

SOME FINAL THOUGHTS — AND PHOTOS — FROM RMAI’S CONFERENCE Perhaps the most telling comment I can make about how the annual conference hosted by Receivables Management Association International (RMAI) went these past few days is the number of times I heard people asking one another, “So, what is the next conference you’re going to?” … The post Daily Digest – April 16.

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Best Salon POS Systems for 2021

Nerd Wallet

The best salon POS systems today are loaded with features beyond just efficiently accepting payment: they can also help you schedule appointments, manage your employees and inventory and even automate your marketing material. What to look for in a salon POS system At the heart of it, a good POS system enables you to accept and process. Caroline Goldstein writes for NerdWallet.

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Judge Grants MSJ For Defense Under BFE in FDCPA Dispute Case

Account Recovery

What do you do when you receive a letter disputing a debt, but when you check your records, you have more than 600 individuals with the same name in your system? Sometimes, you don’t mark the right accounts with the dispute notification. But, if you have the proper policies and procedures in place, you can … The post Judge Grants MSJ For Defense Under BFE in FDCPA Dispute Case appeared first on AccountsRecovery.net.

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48% of Businesses see increase in late payments

UK debt collections

New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners. Late payments damage cash flow, restrict growth and can even present insolvency risks.

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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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12 Top Budget Categories You Need In Your Plan

Credit Corp

This post originally appeared on Arrest Your Debt and has been republished with permission. There’s an old meme floating around the internet that draws attention to the fact that public school systems are quick to teach you that the mitochondria are the powerhouse of the cell. But they fail to teach you more practical information that you actually need in your daily life–like which budget categories you need to plan out your money.

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How to Process Credit Card Payments in QuickBooks Online

Nerd Wallet

Once you’ve got your QuickBooks Online subscription set up, the next important step is to set up your QuickBooks credit card payments account. Accepting credit card payments makes it easier for your customers or clients to pay you, as well as reducing the time you spend recording payment transactions. Setting up your QuickBooks credit card payments.

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Free Weekly Credit Reports During COVID-19 Extended Until April 2022

Troutman Sanders

The Federal Trade Commission (FTC) announced the three national consumer reporting agencies will extend weekly access to consumers to monitor their credit report for free until April 20, 2022. Under federal law, consumers are normally permitted one free credit report every 12 months from each consumer reporting agency. The novel coronavirus (COVID-19) has had an impact on the financial lives of many Americans, and free weekly access to credit reports is intended to aid in the management of each

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How to Get a Delta Air Lines Refund

Nerd Wallet

The assurance of a flexible refund policy can ease a stressful travel experience when unexpected events, like a severe illness or poor weather, derail your flight plans. Travelers who fly on Delta Air Lines might have the ability to request a refund, depending on the specifics of their ticket. Keep reading to learn more about. Jennifer Calonia 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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Not So Fast! Ninth Circuit Clarifies the Role of Materiality in Triggering SLUSA’s Class Action Bar

Troutman Sanders

In a noteworthy decision refining application of the Securities Litigation Uniform Standards Act (SLUSA), the Ninth Circuit recently held that SLUSA did not bar a state law class action for alleged breach of fiduciary duties brought by investors against a financial advisory firm. In Anderson v. Edward D. Jones & Col, L.P , decided in March 2021, the panel reversed a dismissal of fiduciary duty claims, while clarifying that SLUSA only bars actions based on alleged misrepresentations or omissi

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Why I’m Using All of My Travel Points and Miles Now

Nerd Wallet

As an avid traveler and points collector, I’ve amassed well over 1 million points and miles between various airlines, hotels and credit cards. Although I’m confident in the future of points and miles (and you should be, too), I’ve adopted a new points and miles strategy during COVID-19 focused on maximizing the value of my. Josh Garber writes for NerdWallet.

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Compelling Arbitration: The Eleventh Circuit Court of Appeals Reverses and Remands a District Court Holding Denying Defendant’s Motion to Compel Arbitration in an FCRA Case

Troutman Sanders

In Hearn v. Comcast Cable Communications, LLC , the Eleventh Circuit Court of Appeals reversed a district court holding denying the defendant’s motion to compel arbitration regarding the plaintiff’s Fair Credit Reporting Act claim and remanded the matter for further proceedings. In that case, the plaintiff obtained services from the defendant in 2016, and signed a subscriber agreement with an arbitration provision stating that “[a]ny dispute involving [the customer] and Comcast

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How to Start a Meal Prep Business: A Step-by-Step Guide

Nerd Wallet

7 Steps to starting a meal prep business Pick your niche. Create a business plan. Obtain licenses, permits, and insurance. Identify where you will sell your goods. Find some small business funding. Find and manage supplies. Write a marketing plan. As people around the globe became busier, our food became easier to obtain than ever. Jacqueline DeMarco 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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How delayed foreclosure response cost one millionaire his mansion

Roths Child Law

Despite the saying that home is where the heart is, home is often where people store much of their personal wealth. When you purchase a property and begin making payments on a mortgage, you slowly accrue equity. When you eventually sell the home, all of that equity can become money in your pocket. You can also increase the equity in your home by increasing its overall value through repairs, updates and even additions.

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QuickBooks Price Levels: How to Adjust Prices and Price Levels in QuickBooks Online

Nerd Wallet

Whether your small business sells products or services, you might sometimes want to offer sales and discounts as incentives. Luckily, with QuickBooks Online, you can make these price adjustments automatic, set them up to run for a specific time period — and extend the adjusted price to all your customers or just a certain segment. This. Stacy Kildal writes for NerdWallet.

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The Digital Transformation Cavalry Isn’t Coming

Fico Collections

Given the onslaught of digital disruptors and the 70% failure rate in digital transformation, a lot of c-suites are anxiously seeking a savior: a Chief Digital Transformation Officer (CDxO) who will ride in on a white horse, run off digital disruptors, and transform the company in an online juggernaut. Hopefully, you are not in a hurry. Because as recent report from one of the world’s most respected executive recruiting firms, Korn-Ferry, warns, “Highly experienced digital talent, now capable of

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The Guide to Wine Loyalty Programs

Nerd Wallet

If you’re an experienced oenophile or simply in need of a tipple, there’s no shortage of exceptional wine to sample at home, in a restaurant or at a vineyard. Even better, you can earn points and miles while you do it. Many winemakers offer loyalty programs of their own to help you maximize value when. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Going Omnichannel for ARM

Katabat

Multichannel … Omnichannel … it’s time to brush up on some of these marketing terms we’ve been hearing for years—and to an extent may already have in place. This is because of the CFPB ’s recently released updates to the FDCPA that “Clarifies that newer communication technologies, such as emails and text messages, may be used in debt collection, with certain limitations to protect consumer privacy and to protect consumers from harassment or abuse, false or misleading representations, or unfair p

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How to File a Complaint Against Your Bank

Nerd Wallet

If you get wrongly charged a fee or fraud hits your account, you may feel frustrated and impatient with your bank. If you’re not being heard or treated fairly, it might be time to file a complaint. And be assured your actions can help more than just you. “If multiple people complain about the same. Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com.

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CFPB Squeezes SettleIt for $1.4 Million, Citing “Abusive” Practices

Troutman Sanders

The Consumer Financial Protection Bureau (CFPB) and SettleIt, Inc., an online debt-settlement company, have agreed to settle “abusiveness” claims for $1.4 million. In an April 13 complaint filed in a California federal court, the CFPB detailed SettleIt’s business practices and alleged SettleIt concealed information from its customers.

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5 Things to Know About the Barclay’s Upromise Card

Nerd Wallet

The Upromise Mastercard, issued by Barclays, allows cardholders to earn rewards directly toward a 529 college savings account. You’ll earn a decent cash-back rate with the $0-annual-fee card, but only if your account is linked to an eligible 529 account. Most, even those actively saving toward a college fund, would be better off with a. Funto Omojola 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.