Mon.Nov 01, 2021

article thumbnail

CFPB Publishes FAQs on Validation Information, Guidance on MVN’s Itemization Table

Account Recovery

The Consumer Financial Protection Bureau issued another set of Frequently Asked Questions related to Regulation F on Friday, this time tackling the area of Validation Information and Validation Information related to Residential Mortgage Debt. The CFPB also on Friday published guidance on how collectors can use the “itemization table” in the model validation notice and … The post CFPB Publishes FAQs on Validation Information, Guidance on MVN’s Itemization Table appeared f

246
246
article thumbnail

5 ways to build cash flow by end of year

American Profit Recovery

Improving cash flow should be a year-round process for your organization. Looking at the backbone of your business should not happen once a year. It should always be a top priority when running a business of any size. That being said, when we get towards the end of the year, it does provide a business with an opportunity to take a deeper look at the health of the business and ways to improve cash flow before the start of a new year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compliance Digest – November 1

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.

246
246
article thumbnail

Mortgage Outlook: November Rates Continue Marching Uphill

Nerd Wallet

November mortgage rates forecast After climbing solidly higher in October, mortgage rates are likely to continue rising in November, but not as steeply. The average rate on the 30-year fixed-rate mortgage was 3.04% in October, a significant increase from September’s average of 2.91%. It was the biggest one-month increase since March, when vaccine rollouts were.

106
106
article thumbnail

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.

article thumbnail

Appeals Court Affirms Ruling for Law Firm in FDCPA SOL Case

Account Recovery

The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a law firm that was accused of violating the Fair Debt Collection Practices Act by suing an individual who was allegedly responsible for a medical debt incurred by his wife, before they divorced. A copy of the ruling … The post Appeals Court Affirms Ruling for Law Firm in FDCPA SOL Case appeared first on AccountsRecovery.net.

Law Firms 246

More Trending

article thumbnail

Daily Digest – November 1. Appeals Court Affirms Ruling for Law Firm in FDCPA SOL Case; CFPB Publishes FAQs on Validation Information

Account Recovery

APPEALS COURT AFFIRMS RULING FOR LAW FIRM IN FDCPA SOL CASE The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a law firm that was accused of violating the Fair Debt Collection Practices Act by suing an individual who was allegedly responsible for a medical debt incurred … The post Daily Digest – November 1.

Law Firms 246
article thumbnail

Discover Shakes Up 5% Bonus Calendar for 2022, Adds New Categories

Nerd Wallet

Discover has announced its 5% bonus categories for 2022 and nearly every quarter looks different than in previous years. Eligible Discover cards, like the popular the Discover it® Cash Back and the Discover it® Student Cash Back, earn 5% cash back when activated (on up to $1,500 in combined quarterly spending) in bonus categories that rotate every quarter.

87
article thumbnail

Companies Urged to Start License Renewal Process Soon

Account Recovery

The focus for many companies in the coming month will largely be on getting ready for November 30 and the enactment of Regulation F — and rightfully so — but the Conference of State Bank Supervisors last week advised companies that will be renewing their licenses via the Nationwide Multistate Licensing System (NMLS) — including … The post Companies Urged to Start License Renewal Process Soon appeared first on AccountsRecovery.net.

Banks 245
article thumbnail

6 Benefits That Could Help Small Businesses Keep Employees

Nerd Wallet

Remote work and a difficult labor environment are making benefits that have gained traction during the pandemic more popular than ever, according to recent data, and that shift could make hiring and retaining workers easier for small-business owners — if they know which benefits to offer. Here are three perks that an increasing number of. Tina Orem writes for NerdWallet.

86
article thumbnail

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.

article thumbnail

CFPB Taps Supervision, Enforcement Unit Chiefs

Account Recovery

The Consumer Financial Protection Bureau on Friday announced two hires who will lead what many consider to be the most important departments within the agency — supervision and enforcement. The individual hired to run the CFPB’s enforcement operation had been previously mentioned, but the individual hired to run its supervision operation may have caught some … The post CFPB Taps Supervision, Enforcement Unit Chiefs appeared first on AccountsRecovery.net.

245
245
article thumbnail

How Are You Saving Your Money?

Credit Corp

See how your savings habits and priorities stack up against others. . Building healthy savings habits is never easy. A Starbucks here and some takeout there might have that much of an impact. However, impulse spending is something many struggle with. Once that paycheck comes in, it’s up to you to do your due diligence and strictly determine what goes where.

article thumbnail

Hawaii Welcomes Tourists Back

Nerd Wallet

Tourists can finally say “aloha” to Hawaii, as the state formally welcomes back visitors for nonessential travel. In August, Hawaii Gov. David Ige called upon visitors to delay all nonessential travel through the end of October due to an accelerated surge in COVID-19 cases, which he said had been overburdening the state’s health care facilities. Sally French writes for NerdWallet.

83
article thumbnail

CFPB Finds Credit Report Disputes Far More Common in Majority Black and Hispanic Neighborhoods

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released research finding that consumers in majority Black and Hispanic neighborhoods, as well as younger consumers and those with low credit scores, are far more likely to have disputes appear on their credit reports.

86
article thumbnail

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?

article thumbnail

Smart Money Podcast: 3 Crypto Questions, and Improving Credit to Buy a House

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. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of three questions you should ask yourself before buying crypto.

article thumbnail

Court Finds Letter Warning Consumer of Tax Consequences for Debt Forgiveness Does Not Violate the FDCPA

Troutman Sanders

In Bordeaux v. LTD Financial Services, L.P. , No. 2:16-0243 (KSH) (CLW) (D.N.J Sept. 28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

article thumbnail

What to Buy (and Skip) in November 2021

Nerd Wallet

Are your mailbox, inbox and social media feed suddenly stuffed with holiday shopping promotions? Welcome to November! This month, expect plenty of deals — and a complication. That big, fat variable is the supply-chain bottleneck. While these issues are global in scale, they’ll likely affect your household shopping list. You may find that the items you.

76
article thumbnail

David Anthony Elected to the Governing Committee of the Conference on Consumer Finance Law

Troutman Sanders

Troutman Pepper David Anthony has been elected to the Governing Committee of the Conference on Consumer Finance Law (CCFL). Please visit CCFL’s website for more details. www.ccflonline.org.

article thumbnail

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.

article thumbnail

How to Get the Best Costco Black Friday 2021 Deals

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. The warehouse version of Black Friday is underway. Costco is super-sizing the holiday season with four. NerdWallet writes for NerdWallet.

Retail 76
article thumbnail

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.

article thumbnail

How to Maximize Wyndham Points with Vacation Rentals

Nerd Wallet

One hotel loyalty program that seems to get overlooked is Wyndham. With a wide range of properties, Wyndham Rewards has a lot to offer, particularly for those looking to book vacation rentals on points. In early 2021, Wyndham greatly expanded its portfolio by making points bookings available for Vacasa properties. Vacasa is a vacation rental. Carissa Rawson writes for NerdWallet.

73
article thumbnail

Vaccine-based U.S. Entry Restrictions to Replace Geographic COVID Travel Bans Starting November 8

Burr Forman

On October 25, 2021, President Biden announced plans to revoke the current country-by-country travel restrictions to the United States which have been in place since January 2020. The order outlines new air travel policies for foreign travelers seeking to enter the United States as nonimmigrants, which relies primarily on COVID-19 vaccination status and effectively revokes Presidential Proclamations 9984, 9992, 10143, and 10199, all of which restricted entry to the United States from Brazil, Chi

article thumbnail

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.

article thumbnail

From Sand to Slopes: 5 Best Destination by Hyatt Residences Bookable With Points

Nerd Wallet

Hyatt may not have as many locations as Marriott or Hilton, but it’s actively working on growing its portfolio. Building hotels takes years; instead, Hyatt is adding new properties to its collection by partnering with independent hotels and private residences through its Destination by Hyatt brand. Recently, Hyatt added more of these properties to the.

article thumbnail

Burr & Forman Represents AutoZone in Successful Decertification of Nationwide Collective Action

Burr Forman

Birmingham, November 1, 2021 – On October 20, 2021, Judge Abdul Kallon released a Memorandum Opinion in Hope M. Carr, et al. v. AutoZoner, LLC and AutoZone Stores, Inc. that decertifies a nationwide Fair Labor Standards Act collective action. The case was originally filed in February 2015 and conditionally certified as a collective action in September 2016.

article thumbnail

5 Things to Know About Splitit

Nerd Wallet

Splitit touts itself as the “responsible” buy now, pay later option since it doesn’t require taking on new financing. Instead, it allows you to use an existing credit card to break down purchases into installments with select merchants. Users won’t pay additional interest or fees beyond what their credit card issuer may charge for ongoing balances. Melissa Lambarena writes for NerdWallet.

64
article thumbnail

PBSA Volunteer of the Month

Troutman Sanders

Congratulations and thanks to Elizabeth Holt Andrews and Jennifer Sarvadi as the PBSA Volunteers of the Month. PBSA volunteers of the month are our more traditional volunteers. For November, PBSA is recognizing two members from our legal firms who dedicated their time in preparing the amicus letter and efforts in California. Elizabeth Holt Andrews, Counsel with Troutman Pepper and Jennifer Sarvadi, Partner with Hudson Cook, LLP, have been selected as the November 2021 PBSA Volunteer of the Month

52
article thumbnail

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.