Wed.Jul 22, 2020

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What Does a Chapter 13 Repayment Plan Look Like?

Sawin & Shea

It’s a smart choice to file for Chapter 13 bankruptcy. Your bankruptcy plan will allow you to catch up on payments and settle your debts while giving you a chance to keep your home treasured belongings. If you have a job but you’re struggling to make your payments every month, Chapter 13 can help. In fact, the U.S. courts have nicknamed Chapter 13 bankruptcy the “wage earner’s plan.”.

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Avoiding Wage and Hour Lawsuits in the Financial Services Industry

Jimerson Firm

Wage and hour lawsuits under the Fair Labor Standards Act (“FLSA”) make up a significant percentage of employment lawsuits in the United States, and particularly in Florida. That trend holds true in the financial services industry, despite such lawsuits being more commonly associated with lower paid jobs. Below, we discuss three of the most common wage and hour issues that commonly arise in the financial services industry.

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Seven Ways Congress Can Help Working Families in the Next Stimulus Bill

Prosperity Now

As Congress moves into negotiations for a new stimulus bill, millions of Americans are still facing financial and health hardships

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The tidal wave of lawsuits is not consumers suing businesses--it's businesses suing consumers

Public Citizen

by Jeff Sovern. The argument that businesses should not be liable to consumers whom they carelessly infect with the coronavirus is based on the claim that if Congress does not outlaw such cases, we will see a tidal wave of lawsuits. Thus far, that argument has no basis in reality. In fact, if anything, consumer claims are getting lost in the undertow.

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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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Consumers Getting Shut Out of HELOC’s as an Option to Raise Cash During the Coronavirus Pandemic

Titan Consulting

Key Takeaways. Interest rates have dropped to historic lows, making now a great time to refinance or take out a Home Equity Line of Credit (HELOC). Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. In light of the pandemic, Banks are raising lending requirements, and in some cases, pausing applications for HELOCS and other credit lines.

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The Secret to Lower Delinquencies

Click Notices

The one common problem that plagues nearly every Property Manager is tenants missing rent payments. This problem has significantly increased over the course of the last few months. As a Property Manager, little matters more than proper cash flow. Without it, you risk missing payments to vendors and/or producing a negative return on your investment. The process of pursuing late rent forces you to incur extra costs in both lost time and legal fees.

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Burr’s Jim Gilliam Appointed to the South Carolina Chamber of Commerce Human Resources Committee

Burr Forman

Greenville partner Jim Gilliam was recently appointed to serve on the Human Resources Committee for the South Carolina Chamber of Commerce. The Human Resources Committee meets bi-monthly to offer input and guidance to both the Legislative Agenda Task Force and Chamber staff on all legislative matters relating to human resources. The Committee advises leadership with ways to develop and implement positive employee relations through policies and programs with HR.

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Construction Industry Webinar: Bond Law for Subcontractors and Suppliers

Jimerson Firm

Managing Problem Construction Projects in Turbulent Times: Tools for Success is a multi-part education series designed for business owners and leaders in the construction industry. This webinar is the third part of the series and covers bond law for subcontractors and suppliers, including payment bonds on Federal and Florida public and private construction projects, and the steps that should be taken to perfect, preserve and recover on their payment bond claims.

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Debt Collection: COVID-19 Response, Furnishing, and Regulatory Scrutiny

Collection Industry News

From the onset of COVID-19, debt collectors swiftly worked to assist the millions of Americans experiencing financial hardships caused by the pandemic through voluntary forbearance of collection activity and adjustments in response to changes in applicable law and regulations, and creditor customer requirements. As the pandemic continues, federal and state regulators are starting to take a strong look at how debt collectors are responding to the crisis.

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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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Consumer Financial Protection Bureau Announces Settlement with Foreclosure Relief Services Company and Its Owner

Consumer Finance

On July 20, 2020, the United States District Court for the Central District of California entered a stipulated final judgment resolving the Consumer Financial Protection Bureau’s allegations against Certified Forensic Loan Auditors, LLC (CFLA) and Andrew Lehman.

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How to Job Hunt During the Coronavirus Pandemic?

Collection Industry News

On March 28, over 6.6 million people filed for unemployment insurance, according to the U.S. Department of Labor. If you are not dismissed, your company still might consider freezing salary or implementing hiring. This also means that the promotion or raise you were expecting can extend for months. Even though with this pandemic going on, you should keep searching for a job by applying effective job search strategies.

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Florida Supreme Court Resolves Conflict on Business Records Exception to the Hearsay Rule and Clarifies Standard for Qualified Witness Testimony

Consumer Finance Watch

Wayne Streibich , Edward W. Chang , Nicole R. Topper , Anthony R. Yanez. On July 2, 2020, the Florida Supreme Court issued its written opinion [i] in Jackson v. Household Finance Corporation, III, 236 So. 3d 1170 (Fla. 2d DCA 2016) to resolve a conflict with a case decided by the Fourth District Court of Appeal ( Maslak v. Wells Fargo Bank, N.A., 190 So. 3d 656 (Fla. 4th DCA 2016).

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Getting Divorced? Here’s How Your Divorce May Impact Your Business

Collection Industry News

An article that was published by Business Insider ‘The Most Expensive (and Explosive) Celebrity Divorces of All Time’ gave the readers a peek inside the affluent world and their struggles after marriage fail. Divorce is very real for most of us. In the United States, roughly 40% to 50% of marriages end in divorce according to the American Psychological Association.

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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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“Adding Value with the Strategic Use of Continuation Patents,” Intellectual Property & Technology Law Journal

Burr Forman

Ryan Corbett authored an article for the July/August 2020 issue of the Intellectual Property & Technology Law Journal discussing the opportunities and benefits of filing a continuation application for patents to protect intellectual property. “From keeping competitors guessing, to shoring up unforeseen weaknesses in the original patent, there are many reasons why savvy patent applicants always try to keep a continuation application pending and why investors find value in this strategy,” he s

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Paperless in a Pinch: How to Get There from Here

NCBA Law Practice Management Blog

By now, the vast majority of law firms want to run paperless offices; the problem is often figuring out the logistics -- especially for law firms with decades of history (and files) behind them. T he most daunting question is often how to get started. So, let’s talk about how you can get paperless, even with a pile of paper behind you. This is the playbook: (1) If necessary, audit your files.

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12 tips to market your law practice during the COVID-19 pandemic

Collection Industry News

Due to the COVID 19 pandemic, Lawyers have received good opportunities to work on new files and business. Because of the lockdown restrictions, in-person scenarios are very few, however as the effect of quarantine, web traffic has increased by 27% according to the New York Times. This has motivated digital marketers to double up their online marketing game.