Mon.Apr 26, 2021

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Compliance Digest – April 26

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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What’s the Average Student Loan Debt for a Bachelor’s Degree?

Nerd Wallet

The average loan debt for a bachelor’s degree among the class of 2019 was $28,950, according to the most recent data available from The Institute for College Access & Success. The amount of debt you take on for college will depend on a variety of factors. The most important factors to consider are where you. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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Daily Digest – April 26. More on Hunstein; Judge Grants MTD in FDCPA Case Over Transaction Fee

Account Recovery

MORE ON HUNSTEIN; EN BANC LIKELIHOOD, WEBINAR RECORDING The defendant in a case ruled on last week by the Eleventh Circuit Court of Appeals which determined that sending a consumer’s personal information to a letter vendor constituted a communication under the Fair Debt Collection Practices Act has a 50-50 shot of getting the entire panel … The post Daily Digest – April 26.

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How to Line Up Rent Aid — and a Backup Plan

Nerd Wallet

Congress has appropriated more than $46 billion in emergency assistance to help cover back rent and utilities owed by struggling renters. But getting a share of that money isn’t automatic or guaranteed. Not everyone who’s behind on their rent qualifies for help. In addition, some states and cities require more paperwork than others, which can. Liz Weston writes for 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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Judge Grants MTD in FDCPA Case Over Transaction Fee

Account Recovery

A District Court judge in Ohio has granted a defendant’s motion to dismiss a class-action lawsuit alleging it violated the Fair Debt Collection Practices Act by informing the recipient of a collection letter than payments made using a debit or credit card would be subject to a 3% transaction fee. A copy of the ruling … The post Judge Grants MTD in FDCPA Case Over Transaction Fee appeared first on AccountsRecovery.net.

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Short Comment Period on Rule Requiring Eviction Disclosures Opens

Account Recovery

The short comment period on an interim final rule from the Consumer Financial Protection Bureau seeking to amend the Fair Debt Collection Practices Act to require collectors to provide tenants written notice of their rights prior to an eviction has started, and will remain open for the next 11 days. Interested parties can submit comments … The post Short Comment Period on Rule Requiring Eviction Disclosures Opens appeared first on AccountsRecovery.net.

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What to Do With Extra Money

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Despite the massive economic toll the coronavirus pandemic has wreaked on many people, others may have added some unexpected cash to their bank accounts.

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More on Hunstein; En Banc Likelihood, Webinar Recording

Account Recovery

The defendant in a case ruled on last week by the Eleventh Circuit Court of Appeals which determined that sending a consumer’s personal information to a letter vendor constituted a communication under the Fair Debt Collection Practices Act has a 50-50 shot of getting the entire panel of judges from the Eleventh Circuit to re-hear … The post More on Hunstein; En Banc Likelihood, Webinar Recording appeared first on AccountsRecovery.net.

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The Best Credit Cards With Fitness Perks

Nerd Wallet

Good health is one perk of exercising. Saving money and earning points could be another. If health and wellness is a major spending category for you, why not bolster your points earnings by choosing to spend on credit cards with fitness perks? Get statement credits when you become a member of popular fitness programs like. Alex Cramer 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 Delays Mandatory Compliance Date for General Qualified Mortgage Final Rule

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022.

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Don’t Let Self-Care Sabotage Your Savings

Nerd Wallet

Don’t worry, this article won’t tell you to forgo every face scrub and cappuccino that calls your name and only spend money on survival needs. Of course, you should treat yourself and practice self-care, particularly during a nightmarish pandemic. And retailers want you to care for yourself, too — specifically, with their products. It’s an. Laura McMullen writes for NerdWallet.

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Statement by CFPB Acting Director Dave Uejio on Mr. Cooper Unauthorized Withdrawals

Consumer Finance

Today Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio issued the following statement in response to unauthorized withdrawals made by a mortgage servicer, Mr. Cooper.

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12 Creative Business Ideas for Artists

Nerd Wallet

If you want to combine your creative skills with your entrepreneurial savviness and start a business to leverage your artistic skills, then you’re in luck. In this guide, we’ve rounded up 12 of the best art business ideas for you to consider. What is a creative art business? A creative art business can take many. Jacqueline DeMarco 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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Personal Loans Statistics

Credit Corp

Americans always seem to want more–we’re all guilty of it. But how far are we extending our hands to get the things we want? This post originally appeared on Finder.com. With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. The results might be surprising for a year of economic instability.

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How to Travel to Los Angeles on Points and Miles

Nerd Wallet

Los Angeles, with its year-round beautiful weather, beaches, scenery, hikes and world-renowned restaurants and nightlife, makes for a great vacation destination. The second-largest city in the U.S. offers visitors a wide range of possibilities including luxe hotel stays, hiking in Malibu, learning to surf in Santa Monica and walking down the Hollywood Walk of Fame.

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Strengthening Low-Income Communities Through Free Tax Prep

Prosperity Now

Millions of low-income Americans work hard for wages but face obstacles in filing their taxes.

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Complete Guide to Opening a Chick-fil-A Franchise

Nerd Wallet

Chick-fil-A has accomplished impressive feats since their founding in 1946. This franchise has opened over 2,000 restaurants, reported $9 billion in revenue in 2017, and is an industry leader in customer satisfaction. Chick-fil-A’s reputation is so impressive that they have the most satisfied customers among their competitors, reports QSR Magazine. It’s no surprise why Chick-fil-A.

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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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Preference Avoidance Actions: When Late is Ordinary

PBWT

A recent case shows how even late payments can be used to satisfy the ordinary course of business defense in a preference avoidance action. Baumgart v. Savani Props Ltd. (In re Murphy) , Case No. 20-11873, Adv. Pro. No. 20-1070, 2021 Bankr. LEXIS 1035 (Bankr. N.D. Ohio Apr. 19, 2021). The defendant owned an apartment building where the debtor was a tenant.

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What Kind of Business Should I Start?

Nerd Wallet

For some entrepreneurs, the types of businesses to start are obvious from the get-go. For others, a little more soul-searching might be in order. And finding the best answer to that question you keep asking yourself—”What kind of business should I start?”—certainly deserves a good bit of attention. Because deciding what kind of business to start. Maddie Shepherd writes for NerdWallet.

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Debt ridden Football Club described as ‘hopelessly insolvent’

UK debt collections

A judge has heard how a English Professional Football Club is described as “hopelessly insolvent” at a high court hearing over a ownership dispute. The comments came as desperate attempts to save Swindon Town Football Club entered a new chapter. At the High Court, a judge was told the League One side would need £2.8m cash in the four months to the end of June and had last month taken a loan from the football league to help pay the club’s wage bill.

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How to Start a Greeting Card Business: A Step-by-Step Guide

Nerd Wallet

Sending a greeting card can really brighten someone’s day. Whether you want to congratulate them, say happy birthday, or just let them know they’re on your mind, sending a card is a simple act that shows a loved one you care. If you’re passionate about the importance of snail mail and have a passion for. Jacqueline DeMarco writes for NerdWallet. Email: wpguestuser+jdemarco@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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CFPB Takes Action Against Reverse Mortgage Lender for Deceptive Advertising

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today took action against Nationwide Equities Corporation for sending deceptive loan advertisements to hundreds of thousands of older borrowers.

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Full Coverage Car Insurance: What It Is and Who Needs It

Nerd Wallet

You’ve probably heard of full coverage car insurance, but might not know what it means. Turns out, there’s no such thing as a “full coverage policy.” Rather, full coverage insurance is a combination of coverage types that can protect your car in most situations. Full coverage insurance definition Full coverage insurance typically combines collision and.

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Start Fresh: A Legacy System is the Recycling Bin for All Your Old Business Processes

NCBA Law Practice Management Blog

Most law firms need to update their technology, and many are aware of it. Of course, that doesn’t mean they will actually update their technology. A primary reason for the reluctance is simple: data transfers suck. For example, i f you’re thinking of replacing your case management software , one of the main reasons you would hold off is because the data migration seems costly, and time-consuming.

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PNC Merchant Services Review 2021, Plus Top Alternatives

Nerd Wallet

If you want your business to be able to accept credit cards — whether in person or online — you’ll need to work with a merchant service provider. These third parties can provide you with the capability to accept credit cards and a variety of different payment methods in a capacity that meets your business’s needs. Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com.

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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.