Mon.Jan 30, 2023

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Financial Credit Network, Inc. and Acclaim Credit Technologies Join Forces

Account Recovery

In an effort to broaden their scope of debt collection services, Financial Credit Network, Inc. (FCN) and Acclaim Credit Technologies (ACT) announce they have merged as of February 1, 2023. Financial Credit Network has been servicing the debt collection needs of their clients since 1954 and is highly regarded within the collection community. Alicia Sundstrom … The post Financial Credit Network, Inc. and Acclaim Credit Technologies Join Forces first appeared on AccountsRecovery.net.

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Student Loans: 5 Biggest Winners of Biden’s New IDR Plan

Nerd Wallet

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Student Loans: 5 Biggest Winners of Biden’s New IDR Plan originally appeared on NerdWallet.

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Judge Denies Certification, Defendants’ MSJ in FDCPA Class Action

Account Recovery

A District Court judge in Washington has denied a plaintiff’s motion to certify a class while also denying motions for summary judgment from a number of defendants in a Fair Debt Collection Practices Act case stemming from a consent order between one of the defendants and the Consumer Financial Protection Bureau. A copy of the … The post Judge Denies Certification, Defendants’ MSJ in FDCPA Class Action first appeared on AccountsRecovery.net.

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What to Expect From the First FOMC Meeting of 2023

Nerd Wallet

Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article What to Expect From the First FOMC Meeting of 2023 originally appeared on 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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COVID Helped Boost Credit Scores, But Will They Stay There?

Account Recovery

In what should come as a surprise to nobody in the accounts receivable management industry, the average credit scores for consumers increased during the pandemic, according to a report released last week by the Consumer Financial Protection Bureau. While the report cited mortgage forbearance agreements, pauses on repaying student loans, and stimulus packages from the … The post COVID Helped Boost Credit Scores, But Will They Stay There?

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FCC Takes More Action to Fight Illegal Robocalls

Account Recovery

The Federal Communications Commission last week put voice service providers on notice that it is taking its fight against illegal robocalls seriously, ordering a pair of providers to stop carrying suspected illegal robocalls while also telling all providers to investigate their networks for signs of alleged illegal activity and report back to the FCC what … The post FCC Takes More Action to Fight Illegal Robocalls first appeared on AccountsRecovery.net.

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Why Do So Many Older Adults Choose Medicare Advantage?

Nerd Wallet

Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Why Do So Many Older Adults Choose Medicare Advantage? originally appeared on NerdWallet.

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Compliance Digest – January 30

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 Couples Can Team Up on Debt Repayment

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How Couples Can Team Up on Debt Repayment originally appeared on 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 – January 30. Judge Denies Certification, Defendants’ MSJ in FDCPA Class; FCC Takes More Action to Fight Robocalls

Account Recovery

JUDGE DENIES CERTIFICATION, DEFENDANTS’ MSJ IN FDCPA CLASS ACTION A District Court judge in Washington has denied a plaintiff’s motion to certify a class while also denying motions for summary judgment from a number of defendants in a Fair Debt Collection Practices Act case stemming from a consent order between one of the defendants and … The post Daily Digest – January 30.

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Best Medicare Advantage Plans in Colorado

Nerd Wallet

Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Best Medicare Advantage Plans in Colorado originally appeared on NerdWallet.

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Bankruptcy Court Issues Ruling on Ownership of Celsius Account Assets

PBWT

The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors. Defined by section 541 of the Bankruptcy Code, “property of the estate” broadly encompasses the debtor’s interests in property, with certain additions and exceptions provided for in the Code.

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The Guide to Alaska Airlines Basic Economy, Saver Fares

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article The Guide to Alaska Airlines Basic Economy, Saver Fares originally appeared on 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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Recent Changes to Florida’s 25% Roof Replacement Rule

Jimerson Firm

Many homeowners in Florida are no stranger to experiencing damage to their roof during hurricane season. Before May 26, 2022, the rule in Florida was that, if more than 25% of a roof needed to be repaired or replaced, then the entire roof system was required to be replaced to bring the entire roof up to code (the “25% Roof Replacement Rule”). However, on May 26, 2022, SB 4-D took effect, which eliminated Florida’s 25% Roof Replacement Rule.

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Rekindle Your Fizzling Financial Resolutions

Nerd Wallet

Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. The article Rekindle Your Fizzling Financial Resolutions originally appeared on NerdWallet.

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MP’s family firm chased SME’s for unpaid commercial rent during covid

UK debt collections

Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a number of Commercial properties in Birmingham. A barber said he was forced to liquidate his business after being hounded by under-fire minister Nadhim Zahawi’s family firm. Jafar Jahromi, 57, was among small businesses chased for unpaid rent during the pandemic by Zahawi and Zahawi Ltd.

Trade 59
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Smart Money: No-Spend Month, and Recover From Credit Damage

Nerd Wallet

Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: No-Spend Month, and Recover From Credit Damage originally appeared on NerdWallet.

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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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Operating Agreements: How Members Can Run an LLC on Their Terms

Jimerson Firm

Operating agreements can provide members of a limited liability company (“LLC”) with the power to create their own governing rules and resolve disputes before they arise. As LLCs become the predominant form of legal entity, members need to consider the importance of an operating agreement to ensure the LLC and members can operate under their own agreed upon terms.

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Air Canada vs. Lufthansa

Nerd Wallet

Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com. The article Air Canada vs. Lufthansa originally appeared on NerdWallet.

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How to Leverage a Settlement of Your Property Insurance Claim

Jimerson Firm

If you filed a claim on your residential or commercial property insurance policy that you believe was wrongfully denied, you may be thinking about filing a lawsuit against your insurance company for coverage. As of July 1, 2021, before an insured can file a lawsuit against the insurance company, the insured is required to provide the insurance company with written notice of intent to initiate litigation.

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Best Medicare Advantage Plans in Illinois

Nerd Wallet

Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Best Medicare Advantage Plans in Illinois originally appeared on 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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The Effect of Remote Work on Non-Compete Agreements

Jimerson Firm

As a result of the COVID-19 pandemic, many Florida companies have continued to embrace remote work. This new era of remote work comes with a lot of perks for employees, but also employers, by opening up the pool of potential new employees to those who live in entirely different cities, states, and even countries. However, if a company is planning to hire an employee who will be working in an entirely different state or country, the company should be mindful of the impact remote work has on the

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On January 27, the Federal Reserve Board (Fed) announced its decision to deny Custodia Bank’s (Custodia) application to become a member of the Federal Reserve System.

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Why is My Mortgage Company On My Insurance Check?

Jimerson Firm

If you make an insurance claim for damage to your property, you may be surprised to find both your name and your mortgage company on the insurance check. This is common because the mortgage company has a financial interest in your property—just like you. If you are wondering why your mortgage company is named on your insurance check, and what the mortgage company may do with the insurance proceeds, your mortgage agreement likely has the answers.

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Fed Declares Supervised Banks Will be Subject to Activity Limitations, Including Crypto-Asset and Other Novel Banking Activities

Troutman Sanders

The Federal Deposit Insurance Act (FDIA) generally prohibits insured state banks, but not uninsured state member banks, from acting as principal in activities that are not permissible for national banks. Relying on its authority under the FDIA to limit the activities of state member banks, on January 27, 2023, the Federal Reserve Board (Fed) issued a policy statement announcing that banks under its supervision, regardless of deposit insurance status, will be subject to the same limitations on ac

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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.