Thu.Jan 26, 2023

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Getting to Know Sarah Ritter of CSO Financial

Account Recovery

Sarah Ritter’s start in the collection industry is something out of a movie. Getting a new job, and then almost immediately watching her supervisor and the senior collector quit, leaving her to figure it all out on her own. Twenty-three years later, she is now the president of collections at CSO Financial. Read on to … The post Getting to Know Sarah Ritter of CSO Financial first appeared on AccountsRecovery.net.

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Business CCJ’s double whilst firms in significant distress soars

UK debt collections

Business CCJ’s have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles facing UK business during the current economic crisis. 610,405 business rated as being in “significant” financial distress in Q4 2022. This figure is up 4 per cent from the same period for 2021. “Critical” financial distress, meanwhile, increased 36 per cent from Q4 2021 to Q4 2022 and was up 10 per cent between Q3 and Q4 2022.

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Judge Denies Motion to Amend Judgment and Motion for Sanctions in FDCPA Case

Account Recovery

A District Court judge in Michigan has denied a plaintiff’s motion to amend or relieve a judgment while also denying the defendant’s motion for sanctions in a Fair Debt Collection Practices Act case in a ruling that closes a case that has been back and forth between the District Court and Court of Appeals for … The post Judge Denies Motion to Amend Judgment and Motion for Sanctions in FDCPA Case first appeared on AccountsRecovery.net.

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New X1+ Card: 4X Back on Expedia, Hotels.com, Vrbo; Unique Lounge Perks

Nerd Wallet

Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena. The article New X1+ Card: 4X Back on Expedia, Hotels.com, Vrbo; Unique Lounge Perks originally appeared on NerdWallet.

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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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California Seeks New Members for Debt Collection Committee

Account Recovery

California’s Department of Financial Protection & Innovation is seeking candidates to serve on its Debt Collection Advisory Committee. Seven members were selected back in 2021 to server two-year terms and those terms are about to expire. The DFPI is looking for individuals who can serve a two-year term from 2023 to 2025. At least of … The post California Seeks New Members for Debt Collection Committee first appeared on AccountsRecovery.net.

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Nebraska Legislature Holds Hearing on Bill Protecting Assault Victims from Collection

Account Recovery

The Nebraska legislature’s Judiciary Committee yesterday held a hearing on a bill that would prohibit the collect of certain medical debts — for those who are victims of crimes, as the bill appears to be gaining momentum. The bill, if enacted, would make it a crime to send accounts to collections for medical debts incurred … The post Nebraska Legislature Holds Hearing on Bill Protecting Assault Victims from Collection first appeared on AccountsRecovery.net.

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Law Eases the Way for Borrowers to Pay Student Loans, Invest

Nerd Wallet

Trea Branch writes for NerdWallet. Email: tbranch@nerdwallet.com. The article Law Eases the Way for Borrowers to Pay Student Loans, Invest originally appeared on NerdWallet.

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Recent Changes in Federal Nil Law

Jimerson Firm

Recent changes in “name image and likeness” (“NIL”) law created a new market for goods and services that have never existed before in college athletics. However, the NIL activity that occurred recently remains subject to the federal legal authority that spurred such activity. An understanding of the federal case law is needed to understand the future and risks associated with the current NIL landscape.

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The St. Regis Maldives Vommuli Resort Review

Nerd Wallet

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article The St. Regis Maldives Vommuli Resort Review originally appeared on 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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Dispute resolution provisions: What’s in your contract

Jimerson Firm

Well-drafted business contacts contain all types of key provisions, ranging from payment terms, work to be performed, and how disputes are resolved. When it comes to dispute resolution provisions in a business contract, those provisions should address where the dispute gets resolved (known as the forum or venue) and the manner in which the dispute will be resolved (such as in a court of law or in arbitration).

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Smart Money: Your Money in 2023: Managing Uncertainty

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Smart Money: Your Money in 2023: Managing Uncertainty originally appeared on NerdWallet.

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Judgement Collection in Florida: Garnishment of Bank Accounts

Jimerson Firm

When a judgment creditor in Florida attempts to collect on a judgment involving an individual, one mechanism for doing so is through a garnishment action of the judgment debtor’s bank account. Florida has a statutory garnishment process that judgment creditors must follow. See Florida Statute Chapter 77. Not all Bank Accounts Are Created Equal However, not all bank accounts are subject to garnishment in Florida.

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What You Need To Know About Electric Car Insurance

Nerd Wallet

Ryan Brady writes for NerdWallet. Email: rbrady@nerdwallet.com. Twitter: @reallyryanbrady. The article What You Need To Know About Electric Car Insurance originally appeared on 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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California AG Agrees with CFPB’s Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA Preemption

Troutman Sanders

As discussed here , on December 7, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) made a preliminary conclusion that a New York commercial financing law was not preempted by the Truth in Lending Act (TILA). The Bureau indicated it was also considering whether to make a preemption determination regarding similar state laws in California, Utah, and Virginia.

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Lightning Lane vs. Genie+

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article Lightning Lane vs. Genie+ originally appeared on NerdWallet.

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A Trustee can Retain Intellectual Property Rights After Post-Petition Transfer

ABI

Kathryn-Rose Russotto St. John’s University School of Law American Bankruptcy Institute Law Review Staff In In re Gordos Restaurant Corp. , the United States Bankruptcy Court for the Southern District of New York held that a trustee appointed under title 11 of the United States Code (the “Bankruptcy Code”) can recover intellectual property rights after a post-petition transfer. [1] Between 1972 and 2019, Gordon Krueger and Arthur Greason (the “Original Owners”) operated a restaurant and bar

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What Is Auto Insurance and Why Do You Need It?

Nerd Wallet

Drew Gula writes for NerdWallet. Email: dgula@nerdwallet.com. The article What Is Auto Insurance and Why Do You Need It? originally appeared on 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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A Court May Refuse to Discharge Debt Resulting from a Fraud Even Absent a Showing that the Debtor Benefited from the Fraud

ABI

Elizabeth Tighe St. John’s University School of Law American Bankruptcy Institute Law Review Staff Title 11 of the United States Code (the “Bankruptcy Code”) provides debtors with “a fresh start” by granting them a discharge of most debts. [1] However, there are exceptions to discharge, including 11 U.S.C. § 523(a)(2)(A), which states a debt is not dischargeable when the debt relates to “money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by

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Best Bank Stocks: January 2023

Nerd Wallet

Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article Best Bank Stocks: January 2023 originally appeared on NerdWallet.

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Affordable Care Act’s Shared Responsibility Payment is a Tax Entitled to Priority

ABI

Ashton Bryan St. John’s University School of Law American Bankruptcy Institute Law Review Staff Under the Affordable Care Act (“ACA”), the Internal Revenue Service (the “IRS”) is entrusted with collecting a “shared responsibility payment” from an individual who must maintain health insurance coverage if he or she fails to maintain coverage for one month or more. [1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility

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Disneyland vs. California Adventure

Nerd Wallet

Jennifer Calonia writes for NerdWallet. Email: travel@nerdwallet.com. The article Disneyland vs. California Adventure originally appeared on 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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January Newsletter – Must-Reads for the Modern Mogul: A Review of Business Books That Made Me Think and Change

Jimerson Firm

Featured in the January 2023 Issue Partner’s Perspective: Must-Reads for the Modern Mogul: A Review of Business Books That Made Me Think and Change Jimerson Birr hosts networking social for trade partners Blog Highlights Curiosities, Ruminations and Various Eccentricities of Firm Biz READ NEWSLETTER The post January Newsletter – Must-Reads for the Modern Mogul: A Review of Business Books That Made Me Think and Change appeared first on Jimerson Birr.

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Should I Rent a Car in Oahu?

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Should I Rent a Car in Oahu? originally appeared on NerdWallet.

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