Thu.Jan 14, 2021

article thumbnail

Judge Grants MSJ For Defendant, Vacates Class Certification In FDCPA Creditor ID Case

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act class-action case, determining that the plaintiff lacked standing to sue because he took no action to clarify his confusion over whom he should pay after receiving a collection letter from the defendant. The judge … The post Judge Grants MSJ For Defendant, Vacates Class Certification In FDCPA Creditor ID Case appeared first on AccountsRecovery.net.

Creditors 242
article thumbnail

Why this collection agency tracks consumer compliments

American Profit Recovery

You might not think to place the words collection agency and compliments in the same sentence, especially when it comes to the consumers debt collectors are calling on. But let us take a few minutes to explain to you why those two, do indeed belong in the same sentence and discussion. We have been tracking consumer compliments for well over a year now.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Bill Introduced in Colorado to Extend Moratorium on ‘Extraordinary’ Collection Actions

Account Recovery

The Colorado legislature kicked off its 2021 session yesterday and the second bill that was introduced in the state Senate was a measure to extend the moratorium on “extraordinary” collection actions in the state until June 1. A copy of the bill, which was introduced by state Senators Faith Winter and Julie Gonzales, and state … The post Bill Introduced in Colorado to Extend Moratorium on ‘Extraordinary’ Collection Actions appeared first on AccountsRecovery.net.

article thumbnail

More Americans Are Saving Than Ever Before, Though in Unequal Amounts

Nerd Wallet

Families across the U.S. are financially diverse — and so is how they save. But across the board, more are saving now than ever before, whether it’s for emergency expenses or retirement. The recently released 2019 Survey of Consumer Finances from the Federal Reserve Board allows a 30-year look-back on family finances to see how. Elizabeth Renter writes for NerdWallet.

134
134
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

Getting to Know Kelly Feoli of MRS BPO

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Kelly Feoli of M

More Trending

article thumbnail

How Collection Agencies Should Not Act Like a Credit Card Company

Account Recovery

In collections, any payment can be considered to be a good payment, especially if it shows that an individual is interested and committed to paying off a debt. But as one agency learned that while any payment may be a good payment, collection agencies should not operate like credit card companies in one important way … The post How Collection Agencies Should Not Act Like a Credit Card Company appeared first on AccountsRecovery.net.

article thumbnail

7 Solid New Year’s Credit Resolutions for a Happier 2021

Credit Corp

We’re not going to lie—2020 was a tough year for everyone. Between COVID-19 and pandemic-driven layoffs, we’re all ready to move on from last year. So, what are your new year’s credit resolutions for 2021? Do you want to improve your credit score , pay your bills on time or create a savings plan? If you haven’t thought of any financial resolutions yet, don’t worry.

article thumbnail

Daily Digest – Getting to Know Kelly Feoli of MRS BPO; How Collection Agencies Should Not Act Like Credit Card Companies

Account Recovery

GETTING TO KNOW KELLY FEOLI OF MRS BPO It’s the end of the day. People are winding down after another day in the trenches. But Kelly Feoli is just warming up. Loving the quiet that follows another hard day in the office, it allows her to focus and strategize what to tackle tomorrow. Read on … The post Daily Digest – Getting to Know Kelly Feoli of MRS BPO; How Collection Agencies Should Not Act Like Credit Card Companies appeared first on AccountsRecovery.net.

article thumbnail

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 7: Expediting the Commercial Foreclosure Process Under Section 702.10, Florida Statutes

Jimerson Firm

The first half of this series evaluated options available to lenders prior to instituting a commercial foreclosure action. The second-half of this series has evaluated available options to lenders during the pendency of the foreclosure action. Since there are additional considerations for lenders dealing with lending to hotels, restaurants and others in the entertainment industry, obtaining fast relief is critical.

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

4 Financial ‘Experts’ Who Could Steer You Wrong

Nerd Wallet

None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so — nor are they required to put our interests ahead of theirs. Be cautious when accepting advice from the following sources. The dealership. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

89
article thumbnail

Consumer Financial Protection Bureau Sues 1st Alliance Lending, LLC and Its Principals for Alleged Unlawful Mortgage Lending Practices

Consumer Finance

On January 15, 2021, the Consumer Financial Protection Bureau filed a lawsuit against 1st Alliance Lending, LLC, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu for allegedly engaging in various unlawful mortgage-lending practices.

53
article thumbnail

Kitchen Island: Costs and Ways to Save

Nerd Wallet

Kitchen islands are freestanding structures in cooking areas that provide additional counter space for work, dining and storage. Some also feature cooktops and sinks. Whether you go big or small, adding an island can make your kitchen more functional — and perhaps more pleasant. According to a 2019 survey from the National Association of the. Carol J.

79
article thumbnail

Burr’s Robert Shreve Recognized in Mobile Bay’s 2020 Class of 40 Under 40

Burr Forman

Mobile Partner Robert Shreve has been named in Mobile Bay ’s 12th annual 40 Under 40 awards. These young professionals are recognized for raising the bar of success and inspiring optimism within their community. At Burr, Robert is described as an invaluable component of the firm’s Mobile office. Since joining the team, he has furthered the firm’s efforts to provide the highest level of service to clients.

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

A Comprehensive Guide to Airline (and Partner) Award Charts

Nerd Wallet

What kind of flight can 25,000 United miles get you? How much is 2,000 Southwest points worth? Trying to assign a value to airline points and miles can be a haphazard task. Here at NerdWallet, we’ve created our own airline miles valuations through a comprehensive analysis of hundreds of flights across eight airline programs. But. Sally French writes for NerdWallet.

76
article thumbnail

OCC Finalizes Rule Requiring Large Banks to Provide Fair Access to Services, Capital, and Credit

Troutman Sanders

In a final act of his tenure, Brian Brooks, the acting Comptroller of the Currency (OCC) on January 14 finalized a rule to ensure “fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.” Brooks announced that he would be stepping down from his role on the same day the rule was finalized.

Banks 52
article thumbnail

New Hotels Options In the Preferred Hotels & Resorts Program

Nerd Wallet

Preferred Hotels & Resorts brings together high-end boutique and luxury hotels from around the world. While its I Prefer Hotel Rewards program is much smaller than big names like Marriott Bonvoy and World of Hyatt, it offers simplicity in earning and burning points. The I Prefer program allows members to earn points for every eligible. Ramsey Qubein writes for NerdWallet.

66
article thumbnail

Jennifer Berardo featured speaker for OAAA seminar

Price Meese

Jennifer Berardo spoke on December 10, 2020 for the Out of Home Advertising Association of America “OAAA” 18th Annual Legal Seminar [link]. Jennifer spoke on Lease Disputes, Development Clauses, and Real Estate and Construction Issues. Contact Jennifer at JBerardo@pricemeese.com. The post Jennifer Berardo featured speaker for OAAA seminar appeared first on Price, Meese, Shulman & D’Arminio, PC.

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

Alliant Platinum Rewards Card Slashes Its Points Value

Nerd Wallet

Holders of the Alliant Visa® Platinum Rewards Credit Card are getting some bad news: As of early 2021, points are no longer worth the industry-standard 1 cent apiece, which dramatically lowers the card’s effective earning rate. The card still offers 2 points per $1 spent on all purchases, but Alliant confirms that those points are now. Melissa Lambarena writes for NerdWallet.

58
article thumbnail

Upcoming Deadlines: (1) Form W-2 Reporting of Employer-Provided Health Coverage; and (2) Medicare Part D Notices to CMS

Fraser

Reminder: Form W-2 Reporting on Aggregate Cost of Employer Sponsored Coverage. Unless subject to an exemption, employers must report the aggregate cost of employer-sponsored health coverage provided in 2020 on their employees’ Form W-2 (Code DD in Box 12) issued in January 2021. Please see IRS Notice 2012-09 and our previous e-mail alerts for more information.

Lawyers 52
article thumbnail

U.S. District Court Invalidates Two Provisions of the CFPB’s Prepaid Rule: The Disclosure Clauses and the Thirty-Day Credit Linking Restriction

Troutman Sanders

On December 30, 2020, Judge Richard J. Leon on the United States District Court for the District of Columbia entered an Order in PayPal, Inc. v. Consumer Financial Protection Bureau, et al., No. 19-3700-RJL, 2020 WL 7773392 (D.D.C. Dec. 30, 2020) invalidating two provisions of the Consumer Financial Protection Bureau (“the CFPB” or “Bureau”)’s “Prepaid Rule” (“the Rule”): (i) the mandatory short-form fee disclosure requirement, and (ii) the requirement for a thirty-day waiting period before link

article thumbnail

What is Credit Plus Inquiry on My Credit Report?

Better Credit Blog

Is a Credit Plus inquiry weighing down your credit report? If you noticed a new entry from Credit Plus on your credit report, the unfamiliar name may have raised some concerns. This particular entry is probably on your account as the result of a hard inquiry prompted by a mortgage application. When you apply for a loan, including a home loan, lenders access your credit reports, often employing the services of an agency like Credit Plus.

Lender 52
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

Debt Collection: 5 Questions for Meeting Inbound Demand

Fico Collections

In my last post, “Debt Collection in the Pandemic: Why UK Customers are Dissatisfied” , based on insights obtained from a FICO and Censuswide customer survey , I looked at the importance of KYC (“Know Your Customer”) in collections and some of the practical steps that you can take to eradicate customer dissatisfaction by ensuring the delivery of effective communication.

article thumbnail

What is CRDT First on My Credit Report?

Better Credit Blog

Are you concerned about a new entry from CRDT First on your credit report? If the name isn’t ringing any bells, you’ve come to the right place. CRDT First is one of the credit reporting codes that represent the Credit First National Association. They are a major issuer of credit cards and financing for the automotive industry. If you applied for a recent credit card, it’s likely to blame for the inquiry on your report.

Loans 52
article thumbnail

Tamika Walters Joins Burr & Forman as Chief Diversity & Inclusion Officer

Burr Forman

ATLANTA, January 14, 2021 – Burr & Forman is pleased to announce the addition of Tamika D. Walters as Chief Diversity & Inclusion Officer of the firm. Walters will lead the firm’s diversity strategy and help further its goals of building a more inclusive culture and diverse workforce. “Tamika has an impressive record of fostering diverse work environments and creating inclusive cultures,” said Ed Christian, Chief Executive Officer of Burr & Forman.

article thumbnail

Recent acitivty at the Dept of Education

Public Citizen

Although the Betsy DeVos resigned as Secretary of Education last week, the Department has continued to push ahead in the rush to the Trump Administration finish line. On Friday, ED's Office of the General Counsel published a memorandum stating that LGBTQ students are not expressly included in protections under Title IX, the law that prohibits sex discrimination at federally funded institutions.

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.