Mon.Nov 07, 2022

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Appeals Court Upholds Ruling for Defendant in FCRA Case Over BK Notation on Credit Report

Account Recovery

The Court of Appeals for the Sixth Circuit has upheld a lower court’s summary judgment ruling in favor of a credit reporting agency that was accused of violating the Fair Credit Reporting Act because it erroneously reported a father’s bankruptcy on his son’s credit report because the original petitions both had the son’s Social Security … The post Appeals Court Upholds Ruling for Defendant in FCRA Case Over BK Notation on Credit Report appeared first on AccountsReco

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Cryptocurrency Scams Explained

Nerd Wallet

Though cryptocurrency can be an attractive investment, it’s more susceptible to scams than any other payment method. Over $1 billion has been reported stolen through crypto scams between January 2021 and June 2022, according to a report by the Federal Trade Commission. Crypto scams are a type of investment fraud that can take many forms, Brean Horne writes for NerdWallet.

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Mass. Regulator Issues Cease Order For Unlicensed Collector

Account Recovery

The Massachusetts Division of Banks has issued a cease and desist order to a debt collector that has been accused of operating in the state for more than six years without a license, in violation of state law. A copy of the order, issued against Full Circle Financial Services, can be accessed by clicking here. … The post Mass. Regulator Issues Cease Order For Unlicensed Collector appeared first on AccountsRecovery.net.

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How Employees Can Maximize Benefits During Inflation

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Employee benefits are one of the most attractive things about a prospective job and can determine whether you take.

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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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Judge Denies Motion to Remand FDCPA Case Back to State Court

Account Recovery

Any case where a motion to remand back to state court is denied seems like it’s worth writing about these days … A District Court judge in New York has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court, rebuffing the plaintiff’s argument that remand was required … The post Judge Denies Motion to Remand FDCPA Case Back to State Court appeared first on AccountsRecovery.net.

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Compliance Digest – November 7

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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The Guide to American Airlines’ Main Cabin Extra

Nerd Wallet

What used to be simply seating with extra legroom has received an upgrade, and it even has a new name — American Airlines Main Cabin Extra. Yes, you’ll still get extra legroom, and that’s why many travelers will book it. However, American Airlines has differentiated Main Cabin Extra from standard economy with perks like early. JT Genter writes for NerdWallet.

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Daily Digest – November 7. Judge Denies Motion to Remand FDCPA Case Back to State Court; Mass. Regulator Issues Cease Order for Unlicensed Collector

Account Recovery

JUDGE DENIES MOTION TO REMAND FDCPA CASE BACK TO STATE COURT A District Court judge in New York has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court, rebuffing the plaintiff’s argument that remand was required because all of the defendants in the case did not consent … The post Daily Digest – November 7.

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The Guide to United Premier Silver

Nerd Wallet

Premier Silver is the first tier in the United Airlines MileagePlus program. There are several paths to get there, including matching hotel elite status or leveraging certain credit card perks. For those who fly frequently with United and Star Alliance partners, the benefits of Silver status can improve your flight experience. Let’s take a look. Ramsey Qubein 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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FTC Fines Vonage $100M for “Junk Fees” and Using “Dark Patterns” to Make It Hard for Consumers to Cancel

Troutman Sanders

The Federal Trade Commission (FTC) reached a $100 million settlement with Vonage over allegations that the internet phone service provider violated the FTC and Restore Online Shoppers’ Confidence Act (ROSCA) by adding “junk fees” and using “dark patterns” to make it difficult for consumers to cancel. In addition to the fine that will be used by the FTC to provide refunds to consumers, the proposed settlement order includes a remediation plan, which requires Vonage to: (1) obtain consumers expres

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What Types of Tires Should I Buy?

Nerd Wallet

As every 5-year-old child’s drawing of a race car or fire truck shows, tires are a vital part of a vehicle’s design. But not all tires provide the same experience. “I think it’s important that a consumer understands that tires are very different and they come with different levels of performance and different features and. Whitney Vandiver writes for NerdWallet.

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Four steps to scaling with fintech

On Guard

CFOs need a firm grip on digital strategies to ensure their department – and organisation – can capture opportunities quickly and at scale in the years ahead. Here, we look at four core technologies that should feature in your growth plans and assist you with scaling. 1. Use RPA to boost workforce productivity. Most finance teams today use robotic process automation (RPA) in some form to drive efficiencies and manage greater volume without the increased headcount.

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Smart Money: When Your Bank Stiffs You, and Co-Signing Risks

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 what to do when your bank stiffs you with a low annual percentage yield. Then we pivot to this week’s money question from Andrew, who left this voicemail: “I had a question about helping. Jae Bratton 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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Business uses of three domains within Web3

On Guard

Web3 innovations such as crypto, NFTs, smart contracting, blockchain technology and tokenisation are gaining ground in the business world. Yet our research on Web3 shows that finance professionals are still hesitant to look at these innovations. This is partly due to the unclear image and fickle crypto market. Moreover, most finance professionals still lack knowledge and understanding of how to deploy the new technologies within their organisations.

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Homeowners of America Home Insurance Review 2022

Nerd Wallet

Pros: Low volume of consumer complaints. Many discounts available. Cons: Not available in all states. No online quotes or mobile app. Bottom line: Coverage available through local agents in 20 states. As its name implies, Homeowners of America sells mainly homeowners insurance, though it also offers renters, condo and landlord policies in select states.

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Mortgage rates fall sharply to under 7% after inflation eases

Collection Industry News

Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October , prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. That matches the record drop at the start of the Covid 19 pandemic. The rate, however, is still more than double what it was at the start of this year.

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An Interview with Tracey Walker-Carter, Director of IRS SPEC

Prosperity Now

This month, we spoke with the new Director of IRS SPEC, Tracey Walker-Carter!

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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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Fighting Scams and Authorized Push Payment Fraud in the US

Fico Collections

Home. Blog. FICO. Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Mon, 11/07/2022 - 09:50. In multiple geographies around the world, there has been a strong focus on authorized push payment fraud.

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Now is the Time to Optimize Your Tax-Planning Strategies for 2022 and Beyond

Fraser

With year-end quickly approaching, reducing taxes is on many people’s minds. It’s been a tumultuous few years, with many changes to people’s individual circumstances and tax laws at state and federal levels. Now is the time to focus on your year-end taxes and engage in estate and income tax planning opportunities. At Fraser Trebilcock, our tax attorneys have made sure you don’t have to start your preparations from scratch, with a two-part checklist of year-end tax considerations you should make