Mon.Sep 14, 2020

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Compliance Digest – Sept. 14

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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How Soon Can You Refinance a Mortgage? Here Are the Rules

Nerd Wallet

How soon you can refinance a mortgage depends on the type of home loan you have and the type of refinance mortgage you’re getting. Some mortgages let you refinance immediately after getting the original loan, if you want. Others require a period to elapse — what the mortgage business calls “seasoning.” This article outlines the. Holden Lewis is a writer at NerdWallet.

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Unlicensed Debt Collector Arrested in North Carolina

Account Recovery

A year after he was sued by the Attorney General of North Carolina for collecting on debts without the proper license, Gordon Scott Engle has been arrested and charged with 81 counts of failing to secure a permit from the state’s Department of Insurance, which regulates and licenses debt collectors in the Tarheel State. Engle, … The post Unlicensed Debt Collector Arrested in North Carolina appeared first on AccountsRecovery.net.

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Best Banks to Avoid ATM Fees

Nerd Wallet

Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving ATM fees in response to widespread financial distress caused by the coronavirus situation. To find out if your bank or credit union is one of them, call its customer service line. Want to save some money each time you use the ATM? Think. Spencer Tierney is a writer at 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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Danish Bank Admits Knowledge of ‘Flaws’ in Debt Collection Operation

Account Recovery

A Danish bank is finding itself in hot water today after admitting it had known “for years” that technology problems with its systems were causing it to collect outdated or excessive amounts from its customers and never did anything to address the problem. Danske Bank, which has been in operation for 250 years and has … The post Danish Bank Admits Knowledge of ‘Flaws’ in Debt Collection Operation appeared first on AccountsRecovery.net.

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More Trending

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Nabil Foster Joins Barron & Newburger, P.C.

Account Recovery

Nabil G. Foster, a talented and distinguished financial services counsel, has joined Barron & Newburger as a shareholder in the firm’s new Illinois office. Nabil will join the firm’s Consumer Financial Services Law Group, focusing on financial services litigation including class action and regulatory defense and compliance for regulated entities.

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Smart Money Podcast: Fake Reviews and Saving ‘Too Much’

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 of fake online reviews and how to find trustworthy buying advice. Then we pivot to this week’s question from Kyle. He says, “Is it a bad idea to save too much money? Recently, my family. Liz Weston is a writer at NerdWallet.

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Judge Grants MTD in Student Loan Collection Case

Account Recovery

A District Court judge in Connecticut has granted a motion to dismiss filed by a collection agency, a student loan servicer, and the plaintiff’s employer for allegedly violating the Fair Debt Collection Practices Act by attempting to garnish the plaintiff’s wages, because the statute of limitations on filing a claim had passed when the lawsuit … The post Judge Grants MTD in Student Loan Collection Case appeared first on AccountsRecovery.net.

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5 Travel Writers ‘Draft’ Their Favorite Airlines

Nerd Wallet

While your friends might have spent the last several weeks debating the merits of Lamar Jackson versus Patrick Mahomes, our travel nerds have been working on a fantasy draft of their own: airlines. In the spirit of fantasy football season, five of our writers set out to draft the best “team” of airlines they could. Elina Geller is a writer at 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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Daily Digest – September 14. Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C.

Account Recovery

JUDGE GRANTS MTD IN STUDENT LOAN COLLECTION CASE A District Court judge in Connecticut has granted a motion to dismiss filed by a collection agency, a student loan servicer, and the plaintiff’s employer for allegedly violating the Fair Debt Collection Practices Act by attempting to garnish the plaintiff’s wages, because the statute of limitations on … The post Daily Digest – September 14.

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Wells Fargo, Hotels.com Partner on New Co-Branded Credit Card

Nerd Wallet

If you’re a hotel free agent and you like saving money on hotel stays, the new Hotels.com® Rewards Visa® credit card from Wells Fargo could be worth a look. But it suffers from some big drawbacks, chief among them its inflexible, convoluted rewards. Here’s a quick look at the card’s details and how it stacks up. Erin Hurd is a writer at NerdWallet. Email: ehurd@nerdwallet.com.

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Need a Little ExtraCredit? We Can Help

Credit Corp

We all know that we learn and change as we go through different stages of life. But did you know that our credit score changes right along with us? So the attention and care we give to our credit score needs to change, too. You probably have a score in mind that’ll be the perfect score for you, but it might feel elusive because you don’t know where to start.

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Free Debt Workshop Tomorrow

Dear Debt

Hey there debt fighter! These are strange and difficult times…and I want to help. Tomorrow, I’ll be hosting a workshop on How to Manage Debt During COVID-19 through Lola Retreat, my women +… Related Posts: Debt, Depression, and Suicide: There's Help Out There. Depression is a Liar. Lola LA Brunch + Retreat. Dealing with Suicidal Thoughts -- You're Not Alone.

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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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Should I Pay for My Hotel Using Cash, Points or Both?

Nerd Wallet

Among the most vexing questions for travel award aficionados: Should you pay for your next vacation with cash or points? And sometimes, there’s a third option: Paying with a combination of currencies (points or miles, plus good ole money). That third combo option is becoming increasingly common in the travel industry. In fact, JetBlue this. Sally French is a writer at NerdWallet.

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Computing Time for a Filing Deadline: Should You Count a Day When a Clerk’s Office is Closed?

PBWT

This post concerns computation of time under Bankruptcy Rule 9006. The specific issue addressed is whether a bankruptcy court — when computing a filing deadline — should count a day when its clerk’s office is closed, even if the electronic filing system is available. In a recent case, a federal district judge explained why in his view the day shouldn’t be counted.

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Is the American Airlines AAdvantage MileUp Mastercard Worth Getting?

Nerd Wallet

Several travel rewards credit cards are designed for big spenders — people who don’t mind paying annual fees, people who can charge thousands in purchases to earn a pile of bonus miles. That’s not for everyone. Enter the American Airlines AAdvantage MileUp? Card, a solid option for frugal types who want to earn travel rewards. June Casagrande is a writer at NerdWallet.

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How to Remove Waypoint Resource Group from Your Credit Report

Better Credit Blog

If you have been receiving calls from Waypoint Resource Group, you likely have an unpaid debt that is hanging over your head. It also means that they have opened a collections account on your credit report. Waypoint Resource Group is unpleasant to deal with, but their entry on your credit report can mean trouble for your credit score. Having collection accounts on your credit score is incredibly damaging to your credit health.

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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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Bluebird Prepaid Card Review

Nerd Wallet

Bluebird, offered by American Express, is an FDIC-insured prepaid debit card with virtually no fees. It functions almost like a checking account, making it a useful substitute for consumers who don’t have a bank account. Even if you have a bank account, Bluebird’s family-friendly money management tools may be appealing. Best for: Families that want.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Burr’s Jacqueline Simms-Petredis Joins Bay Area Legal Services’ Development Council

Burr Forman

Tampa Partner, Jacqueline Simms-Petredis has been appointed to Bay Area Legal Services’ Development Council, a volunteer leadership group that helps to secure the financial future of Bay Area Legal through fundraising efforts. Bay Area Legal is a nonprofit law firm that serves residents in the Tampa Bay area by providing free civil legal services. The Council’s membership consists of 20-25 community-leaders in diverse fields that consist of medicine, real estate, insurance, education, financial

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Businesses, Trade Associations, and Public Policy Groups Flood Supreme Court with Amicus Briefs Supporting Narrow Reading of ATDS Definition

TCPA

Late last week, numerous trade associations and public policy institutions filed amicus briefs supporting the narrow interpretation of the ATDS definition for which Facebook and the United States had advocated in briefs filed the week before. The case, Facebook, Inc.

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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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Walmart MoneyCard Review

Nerd Wallet

The Walmart MoneyCard prepaid debit card can be a good value for dedicated Walmart customers. The card, issued by Green Dot Bank, has cash-back rewards for Walmart purchases and free online services. Best for: Frequent Walmart customers. People who want free bill pay and money transfers between friends and family. Those who have had trouble. Spencer Tierney is a writer at NerdWallet.

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California Lawmakers Propose New Tax That Applies to Former Residents

Direct Recovery

Just when you thought that things couldn’t possibly get any crazier, a California lawmaker proposed a new wealth tax last month that applies to residents, including those that choose to leave in search of homes with better tax situations. While the headline sounds pretty outrageous, the fact of the matter is that the state of California is going to be in big trouble when the time comes to start paying the tab on the debt we are currently racking up to get through the Covid-19 pandemic.

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RushCard Prepaid Card Review

Nerd Wallet

RushCard is a prepaid debit card that can be a convenient alternative to a checking account. But, like many prepaid debit cards, you’ll pay for the convenience — and RushCard is more expensive than some of its competitors. In 2017, RushCard’s parent company, UniRush, and its payment processor paid out millions after a technology outage left tens. Alice Holbrook is a writer at NerdWallet.

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CDC Orders Nationwide Moratorium on Evictions for Renters Affected by COVID-19

Troutman Sanders

On September 4, 2020, the Centers for Disease Control and Prevention (CDC) issued a new Order, entitled “ Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19.” The Order is effective nationwide through December 31, 2020 and creates the most wide-spread COVID-19 eviction moratorium to date. Under the CDC’s Order, “a landlord, owner of a residential property, or other person [including corporations, firms, partnerships, etc.] with a legal right to pursue eviction or p

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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.