Wed.Sep 01, 2021

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Conn. Regulator Fines Collector For Collecting Interest on One Account

Account Recovery

The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry. Resurgent Capital Services has agreed to pay a fine of $2,500 without … The post Conn.

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Where to Turn When a Natural Disaster Upends Your Finances

Nerd Wallet

Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. Deal with immediate needs first First things first: Contact the. NerdWallet writes for NerdWallet.

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N.Y. Gov. Nominates New DFS Superintendent

Account Recovery

New York Gov. Kathy Hochul yesterday nominated Adrienne Harris, a former economic advisor to President Obama, to be the next Superintendent of the state’s Department of Financial Services. Harris, if confirmed, will replaced Linda Lacewell, who resigned last month in the wake of the scandal that brought down Gov. Andrew Cuomo. Most recently, Harris has … The post N.Y.

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5 Ways Women Can Combat Investing Disadvantages

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Women are paid less than men and are more likely to leave the workforce to take care of loved ones, both of which negatively impact the amount of money they.

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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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Mass. AG Levies $1M Fine Against Debt Settlement Company

Account Recovery

The Attorney General of Massachusetts has announced a consent order with a debt settlement company that will pay $1 million to settle claims it took advantage of consumers by charging them “significant” fees for negotiating settlements with creditors and enrolling consumers in “unaffordable” programs that left consumers “in worse financial condition than before.” A copy … The post Mass.

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Daily Digest – September 1. Appeals Court Reverses Ruling For Plaintiff; Mass. AG Fines Debt Settlement Co. $1M

Account Recovery

SEVENTH CIRCUIT REVERSES RULING FOR PLAINTIFF IN FDCPA SUIT, CONTINUES ATTACK ON STANDING Continuing its year-long attack on standing to file Fair Debt Collection Practices Act lawsuits, the Seventh Circuit Court of Appeals yesterday reversed a lower court’s ruling and ordered it to dismiss a case where the defendant did not send a written notice … The post Daily Digest – September 1.

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Cybersecurity Insurance: What It Is, Which Businesses Need It

Nerd Wallet

Cybersecurity insurance protects businesses against financial losses caused by cyber incidents, including data breaches and theft, system hacking, ransomware extortion payments and denial of service. For small businesses that store sensitive information online or on a computer, this coverage could prove useful. Among small businesses with fewer than 250 employees, the average reported cyberattack cost was about.

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Seventh Circuit Reverses Ruling for Plaintiff in FDCPA Suit, Continues Attack on Standing

Account Recovery

Continuing its year-long attack on standing to file Fair Debt Collection Practices Act lawsuits, the Seventh Circuit Court of Appeals yesterday reversed a lower court’s ruling and ordered it to dismiss a case where the defendant did not send a written notice within five days of the initial contact and where one of the defendant’s … The post Seventh Circuit Reverses Ruling for Plaintiff in FDCPA Suit, Continues Attack on Standing appeared first on AccountsRecovery.net.

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You Don’t Have to Fly First Class to Enjoy Travel Rewards

Nerd Wallet

The internet can make it seem like collecting points and miles — done primarily through a travel rewards credit card — is only for the most impressive among us. And certainly, people who spend thousands of dollars on lavish shopping sprees do tend to rack up travel rewards for swanky “free” first-class airfares to (and. Sally French 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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CFPB Requests Comments on Plans to Study Electronic Disclosure on Mobile Devices

Troutman Sanders

On August 11, the Consumer Financial Protection Bureau (CFPB) published a notice and request for comment in the Federal Register on its information collection initiative, “Electronic Disclosure on Mobile Devices.” The CFPB issued the request for comment in advance of seeking formal approval for the initiative from the Office of Management and Budget (OMB).

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Survey: Less Than Half of Women in U.S. Invest in the Stock Market

Nerd Wallet

Women tend to live longer and earn less than men, increasing their need to put money away for the future. Saving toward a long-term goal is great, but investing can make your money grow over time. And while more than half of Americans (56%) say they currently invest in the stock market, this is only. Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com.

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The 4-1-1 on CBD Payment Processing

Payment Savvy

CBD (cannabidiol) has recently gained popularity, with most users swearing by its health benefits. Many business owners have shifted to manufacturing CBD products because of this great demand. With increased demand and sales, businesses must find a CBD payment solution that fits their current needs and future goals. Read on to learn the ins and outs of CBD Payment Processing as a high-risk merchant.

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How Much Is the Average Gas Bill, and How Can I Lower Mine?

Nerd Wallet

Roughly half of U.S. households use natural gas for space and water heating, according to the U.S. Energy Information Administration. As you review your utility bill, you may wonder what amount others pay and if you’re paying too much. Here’s how much the average gas bill costs and what you can do to lower yours. Lauren Schwahn 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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Reach: Consumer-Friendly Language Wins the Day in Law Firm Marketing

NCBA Law Practice Management Blog

When it comes to marketing content, most lawyers are concerned about what to write. But, in reality, the more important question is how to write. The plain fact is that lawyers tend to write like lawyers, regardless of the audience. That means they use 2-dollar words, legal terms of art and lots of Latin. Now, that works when the audience is other attorneys, who eat that stuff up.

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Offerpad: What to Know

Nerd Wallet

Offerpad is an iBuyer that launched in 2015, and currently buys and sells homes in metro areas within 11 states, primarily in the southern half of the United States. In the second quarter of 2021, Offerpad purchased 2,025 homes — a new record for the company — and sold 1,259 homes. » MORE: What is. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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UKCCC 2021 speaker insight: A skills gap solution for credit and collections firms

CSA

Victoria Tomlinson is CEO and Founder of Next-Up , which she launched to help people find new ways to use their skills in ?unretirement? She is chair of Women in Leeds Digital and a former director of EY on the London management team. She ran an award-winning communications, digital and leadership business for 30 years and is an Amazon bestselling author, a blogger a BBC expert commentator.

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What Is a Certificate of Insurance for Business?

Nerd Wallet

As a small business owner, you probably communicate with potential business partners and clients every day. And if you plan to work closely with them, you’ll likely be asked to provide a certificate of insurance at some point. Here’s what that request means and how you can respond. What is a certificate of insurance? A. Katherine Fan 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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Vietnam is Latest Country to Struggle with Exports As Holiday Season Approaches

NACM

Vietnam is next in line to grapple with the challenges of widespread supply-chain woes as the country struggles to contain the coronavirus. Beginning today, Vietnam's major industrial southern provinces of Binh Duong and Dong Nai stay-home orders are extended for another 15 days."American companies that diversified their supplier bases outside of C.

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5 Things to Know About the CareCredit Card

Nerd Wallet

The CareCredit Card, issued by Synchrony, is designed to provide financing for consumers who are faced with medical expenses that aren’t covered by insurance. Medical bills are a big issue for Americans — according to the Journal of the American Medical Association, 17.8% of individuals in the U.S. had medical debt in collections in June 2020. Sara Rathner writes for NerdWallet.

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The Dangers of Bitcoin: Is Bitcoin a Safe Investment?

Credit Corp

In 2014, the Consumer Financial Protection Bureau (CFPB) warned consumers about the dangers of Bitcoin (BTC). According to the CFPB, Bitcoin users were liable to encounter “unclear costs, volatile exchange rates, the threat of hacking and scams.” Refunds were also hard to obtain. So, have things improved since then? In short, not really. Bitcoin is still volatile, and it’s still not backed by any government or central bank, so it remains a risky way to invest.

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Bankruptcy Reform Bill and Student Loans

Sawin & Shea

Student loan debt is one of the heaviest burdens on today’s society. Those in their 30’s and 40’s who would typically have bought homes and new cars and even started families at this point are years behind previous generations in those areas. Instead, they are buried under crippling debt, unable even to fathom the possibility of major life milestones such as buying a new home.

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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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Ask a Travel Nerd: Is It Time to Book Holiday Travel Yet?

Nerd Wallet

This was supposed to be the “summer of freedom,” as “fully vaccinated people would be shedding their masks and greeting one another with a smile,” according to President Joe Biden in a June address. But with the return of mask mandates in many parts of the U.S., that summer of freedom melted faster than an. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Bankruptcy Reform Bill and Student Loans

Sawin & Shea

Student loan debt is one of the heaviest burdens on today’s society. Those in their 30’s and 40’s who would typically have bought homes and new cars and even started families at this point are years behind previous generations in those areas. Instead, they are buried under crippling debt, unable even to fathom the possibility of major life milestones such as buying a new home.