Mon.Aug 16, 2021

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Compliance Digest – August 16

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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$20K or More to Expand Your Family? How to Pay for Adoption

Nerd Wallet

Sarah Bailey’s adoption experience began in 2013 when she connected with an adoption placement agency and paid fees for a parental class and to advertise to birth mothers for one year. In 2014, and still without a successful adoption, Bailey began paying a monthly $340 advertising fee each time an adoption fell through. “I didn’t. Chanell Alexander writes for NerdWallet.

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Did He or Didn’t He? Judge Grants MSJ For Defense in FDCPA Suit Arguing Attorney Did and Did Not Review Case Before Sending Letter

Account Recovery

You’ve all seen those videos where a driver suddenly realizes he or she missed their turn and tries to immediately double back, only to end up getting into an accident? In a case defended by Mitch Williamson at Barron & Newburger, a District Court judge in New Jersey has granted a collection law firm’s motion … The post Did He or Didn’t He?

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Burr & Forman Grows Jacksonville Office with Addition of Former City General Counsel Jason Gabriel

Burr Forman

JACKSONVILLE, FLA. – AUGUST 16, 2021 – Burr & Forman LLP announces the addition of Jason R. Gabriel as a partner in the firm’s Jacksonville office. Gabriel joins the firm’s land use and real estate practice group after 11 years at the City of Jacksonville, serving as General Counsel to the entire consolidated City government for the past 7 years.

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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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Error Leads Judge to Overturn Verdict in Favor of Defendant in FDCPA Class Action

Account Recovery

A District Court judge in Nebraska has admitted he made a mistake and thrown out a jury verdict in favor of a defendant, determining that the plaintiffs in a Fair Debt Collection Practices Act class action should be the prevailing parties, and awarding $39,000 in damages and attorney fees. A copy of the ruling the … The post Error Leads Judge to Overturn Verdict in Favor of Defendant in FDCPA Class Action appeared first on AccountsRecovery.net.

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Daily Digest – August 16. Did He or Didn’t He?; Error Leads Judge to Overturn Verdict in FDCPA Class Action

Account Recovery

DID HE OR DIDN’T HE? JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA SUIT ARGUING ATTORNEY DID AND DID NOT REVIEW CASE BEFORE SENDING LETTER You’ve all seen those videos where a driver suddenly realizes he or she missed their turn and tries to immediately double back, only to end up getting into an accident? In … The post Daily Digest – August 16.

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CFPB Takes Action Against Debt Collector for Failing to Investigate Reports of Identity Theft and Misrepresenting Consumers’ Debts

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) yesterday filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner. The CFPB alleges that Fair Collections & Outsourcing (FCO) violated federal law by failing to establish or implement reasonable written policies and procedures regarding the accuracy and integrity of the information it furnished to credit reporting agencies and failed to conduct reasonable investigations of indirect consumer disputes,

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Think You Won Your Credit Card Dispute? Not So Fast

Credit Corp

A chargeback occurs when you successfully dispute a charge on your credit card. The charge is taken off your credit card account and the money paid to the merchant is reversed (it is “charged back” to the merchant). Many people dispute credit card charges for services not rendered. In fact, COVID-19 has led to an increase in chargebacks as many companies struggled to keep up with demand.

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Average U.S. FICO® Score at 716, Indicating Improvement in Consumer Credit Behaviors Despite Pandemic

Fico Collections

The FICO® Score is the lingua franca, or common language, for the credit scoring industry. It serves as a broad-based, independent standard measure of credit risk. It is relied upon by stakeholders across the entire lending ecosystem – from regulators, investors and boards to consumers, lenders, and brokers – as a baseline metric for assessing credit risk that is fair to both lenders and consumers. .

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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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Condominium Association Boards: Why You Should Not Avoid Maintenance

Jimerson Firm

Disputes over the party responsible for the maintenance of various areas of a condominium complex are common. Disagreements frequently arise between unit owners and an association over whether the association or the owner is responsible for the maintenance and upkeep of a particular area. This blog post provides an overview and summary of Florida law on the maintenance responsibilities of a condominium association as well as best practices condominium associations can take to meet these responsi

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Sage 100 Software 2021 Review

Nerd Wallet

Sage 100 is not your basic business accounting software. The enterprise resource planning software, or ERP, is built to handle financials, inventory management, distribution, order management, business processes and customer relations. That’s a lot to pack into one service — and it’s more than many businesses will need — but midsize manufacturing and distribution companies.

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Don’t Buy These 9 Investments in Retirement

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Investors nearing retirement have different needs than investors with many years remaining in the workforce. Retiring means losing the regular paycheck from work, and as a result, replacing that income is a key consideration.

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Shopify Pricing and Plans 2021: Which Plan Should I Pick?

Nerd Wallet

Among all of the online retail options for small businesses, Shopify is a perennial contender for best small-business e-commerce platform. What was once a robust option for selling products online has blossomed into a solution that includes web hosting, in-store POS systems and much more. Just because Shopify offers so many features, however, doesn’t necessarily mean.

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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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ExtraCredit by Credit.com Surpasses 100,000 Signups

Credit Corp

SALT LAKE CITY, UT, 08/17/2021. Credit.com is excited to announce that ExtraCredit, the most comprehensive credit monitoring solution on the market, has surpassed 100,000 signups! In seeing how many of the hardest working Americans™ struggle to make ends meet, we’re thrilled to see this many consumers enjoy the benefits of our product. As the nation continues on from the pandemic, more and more people need tools and resources to build their credit profile and get a comprehensive look at t

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The Guide to Invited by Small Luxury Hotels of the World

Nerd Wallet

Small Luxury Hotels of the World is a group of around 520 high-end boutique hotels and resorts in more than 90 countries around the world. They vary in size and amenities, but all are chosen by SLH to participate based on top-notch quality and individuality. In fact, SLH sends inspectors to each property once a. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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No Standing in Data Breach Case Involving “Essentially Useless” Stolen Data

Troutman Sanders

The Central District of California recently dismissed a data breach class action for lack of standing, notwithstanding evidence that the stolen data of 40 million consumers had allegedly been offered for sale on the dark web. The court determined that the data breach could not possibly have caused a risk of identity theft, fraud, and attendant harms given the “essentially useless” nature of the data.

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Business Income Insurance: What It Is, Which Businesses Can Benefit

Nerd Wallet

Business income insurance, also known as business interruption insurance, helps to cover lost income when a company’s physical property is damaged and you’re unable to operate your business because of certain perils covered in the policy. In an extended shutdown, these policies can provide the financial support needed to pay employees, cover rent and keep the.

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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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Six Personal Habits Anyone (Even Commercial Debt Collectors) Can Do To Improve Their Daily Job Performance

Direct Recovery

With the entire world finally starting to get back to some form of what we used to call “normal life,” there is no shortage of work to be done in just about every field, including commercial debt collection. Whether you are collecting on behalf of a small business or working as a part of a debt collection agency, everyone will be spending these summer months focused on getting the most out of the effort they put into their work.

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Capital One Debuts SavorOne and Quicksilver Student Cards

Nerd Wallet

In time for the back-to-school season, Capital One is now accepting applications for two student-friendly credit cards: The Capital One Quicksilver Student Cash Rewards Credit Card. The Capital One SavorOne Student Cash Rewards Credit Card. The cards are new versions of the existing Capital One QuicksilverOne Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card, Melissa Lambarena writes for NerdWallet.

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FICO Applauds FHFA Inclusion of Rental Data in Underwriting

Fico Collections

FICO Applauds FHFA Inclusion of Rental Data in Underwriting. Joanne Gaskin. Mon, 08/16/2021 - 18:53. Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will begin considering borrowers’ rental payment history in its risk assessment process. This is a significant step forward in the use of alternative data in underwriting, and the FHFA and Fannie Mae are to be commended.

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How to Earn Airline Miles When Booking Through Online Travel Agencies

Nerd Wallet

Priceline, Expedia, Orbitz and other online travel agencies let you easily compare fares for different airlines, helping you save money. But unless you take a few extra steps, you could miss out on earning the frequent flyer miles you would get if you booked directly with the airline. When you book through an OTA, you. Carissa Rawson writes for 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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FFIEC Issues Guidance on Authentication and Access to Financial Institution Services and Systems

Troutman Sanders

On August 11, the Federal Financial Institutions Examination Council (FFIEC) issued guidance, titled “ Authentication and Access to Financial Institution Services and Systems ,” which provides financial institutions with examples of effective authentication and access risk management principles and practices for customers (both business and consumer), employees, and third parties accessing digital banking services and information systems.

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How to Surprise Someone With a Trip

Nerd Wallet

Whether it’s for Father’s Day, graduation, Christmas or a birthday, there’s no gift quite as exciting and surprising as a trip to a thrilling new destination. If you can manage to keep it a secret, that is — which is easier said than done. But we’ll help you line up the perfect experience with this. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.

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UK Credit Market Report June 2021: Spending Tops 2019 Level

Fico Collections

Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability.

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Benefits of the Wells Fargo Active Cash Card

Nerd Wallet

The Wells Fargo Active Cash? Card is a solid cash-back card because of its high rewards rate and a sign-up bonus. Its $0 annual fee is another advantage. It could be a good fit if you want to take a minimalist approach and use one rewards card for all purchases, or combine the Wells Fargo. Sara Rathner writes for NerdWallet. Email: srathner@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.