Thu.Mar 25, 2021

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Getting to Know Kristen DeFiore of Glasser and Glasser

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 Kristen DeFiore

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Will You Really Run Out of Money in Retirement?

Nerd Wallet

Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, and Warren Cormier, executive director of the Defined Contribution Institutional Investment Association’s Retirement.

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Appeals Court Overturns Ruling Against Consumer Rights Law Firm

Account Recovery

The Court of Appeals for the Third Circuit has reversed the dismissal of a lawsuit filed by an individual against the consumer rights law firm she hired to help repair her credit that accused the firm of engaging in racketeering, consumer fraud, and unlawful debt adjustment practices, ruling that the lower court mis-applied the choice … The post Appeals Court Overturns Ruling Against Consumer Rights Law Firm appeared first on AccountsRecovery.net.

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5 Home Remodeling Trends to Watch for in 2021

Nerd Wallet

After a year of spending more time at home due to the COVID-19 pandemic, many homeowners are looking for ways to make their homes fit their new realities. Open floor plans are out; dedicated spaces for remote work and learning are in. Yards are being transformed into entertainment spaces and walls are being repainted. At. Carol J. Alexander writes for 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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CFPB Releases Annual Complaint Report

Account Recovery

Complaints about debt collectors filed by consumers with the Consumer Financial Protection Bureau increased 10% in 2020 compared with 2019, ranking the industry only behind credit or consumer reporting in terms of the total number of complaints that were filed last year, a year in which the total number of complaints increased by 54%. Credit … The post CFPB Releases Annual Complaint Report appeared first on AccountsRecovery.net.

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Daily Digest – March 25. Getting to Know Kristen DeFiore; Judge Denies MTD in FDCPA SOL Case

Account Recovery

GETTING TO KNOW KRISTEN DEFIORE OF GLASSER AND GLASSER Finishing law school and passing the bar is no joke, any attorney will tell you. Doing it while working full time is just showing off. But that accomplishment speaks to the kind of ambition and passion for the law that Kristen DeFiore has. Read on to … The post Daily Digest – March 25.

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Regulators Care As Much About Consumer Preference in Debt Collection as Creditors

True Accord

Recent regulatory activity makes it clear: regulators care as much about consumer preference in debt collection as creditors. In this blog post, Kelly Knepper-Stephens, TrueAccord’s VP Legal & Compliance, highlights the recent laws and regulations designed to protect consumer preferences in debt collection. At a time when consumers’ power to impact a lender has increased dramatically, Klarna made the decision to outsource 1,005 of its debt collection activities.

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Judge Denies MTD in FDCPA Case Over Inadvertent SOL Disclosure in Letter

Account Recovery

A District Court judge in New York has denied a defendant’s motion to dismiss a class-action lawsuit alleging it violated the Fair Debt Collection Practices Act by including statements in two collection letters indicating that the statute of limitations during which the individual could be sued for the unpaid debt had expired, even though it … The post Judge Denies MTD in FDCPA Case Over Inadvertent SOL Disclosure in Letter appeared first on AccountsRecovery.net.

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FFCRA Paid Leave Extension Until September 30, 2021 with Tax Credits

Fraser

If you are a private employer with under 500 employees, were you aware you can voluntarily extend FFCRA paid leave from April 1 through September 30, 2021 and still receive a tax credit? This is now allowed under the American Rescue Plan Act (“ARPA”), which was enacted on March 11, 2021. However, be cautious. ARPA changes the rules for Emergency Paid Sick Leave (“EPSL”) and Emergency FMLA Extension (“EFMLA”).

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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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VeriFacts Donates to YWCA’s Domestic Violence Program

Account Recovery

VeriFacts supports YWCA Sauk Valley’s efforts to provide transitional housing facilities and support services to local victims of domestic violence. Our team has already collected and delivered two truckloads of kitchen supplies, bedding, and various household items to our local YWCA and will continue to accept donations throughout the month. These donations will help fill … The post VeriFacts Donates to YWCA’s Domestic Violence Program appeared first on AccountsRecovery.net.

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How to Save Miles by Flying United With Other Airlines’ Miles

Nerd Wallet

United is a member of the Star Alliance, the largest airline alliance in the world. That means members of United’s frequent flyer program, MileagePlus, can earn and redeem miles not only on United flights, but also on more than two dozen other Star Alliance member airlines. Why it’s worth shopping around United doesn’t add “fuel. Andy Shuman writes for NerdWallet.

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How to Free up Money to Put Towards Debt Repayment

Dear Debt

This article was contributed by The Zebra. Money is tighter than ever before in the midst of the pandemic, and personal debt remains a major issue for many Americans. All… Related Posts: Financial Literacy Matters, Especially for Women. Look How Far You've Come. 10 Signs You Have a Toxic Relationship With Credit. 13 Ways You Can Make Money. Resources for Taking Care of Your Mental Health and Wealth.

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National Foundation for Credit Counseling Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Organization: National Foundation for Credit Counseling. Mission statement: “Since 1951, the National Foundation for Credit Counseling (NFCC) has helped millions of people lead a more financially fit life. As the largest and longest-serving nonprofit financial.

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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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CSA urges Minister for Financial Inclusion to promote early engagement in combating problem debt

CSA

CSA figures show more than 750,000 customers received additional forbearance during 2020. Lesson from COVID is that engagement with creditors can prevent worsening debt woes. The Government and the Money Advice and Pension Service (MaPS) are being urged to promote early engagement between customers and creditors as the most effective route to resolving problem debt.

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Discover Business Checking Alternatives

Nerd Wallet

Discover does not have a business checking account. The bank does offer personal checking, but it’s smart and professional to separate your finances from your company’s. If you already use Discover Bank, you may value some of its features, like no fees and cash-back rewards. Here are some alternative business checking accounts that offer similar. Ryan Lane writes for NerdWallet.

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Burr & Forman’s Adam Artigliere and Peg Fox Recognized on the South Carolina Supreme Court Pro Bono Honor Roll

Burr Forman

The South Carolina Supreme Court Honor Roll recognizes South Carolina attorneys who volunteer 50 hours or more of legal service in a manner set forth in Rule 6.1 of the South Carolina Rules of Professional Conduct. Rule 6.1 encourages attorneys to provide free or low-cost legal services to people of limited means and charitable organizations, and to engage in activities that improve the law, the legal system, and the legal profession.

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The Award Traveler’s Guide to Alaska Lounges in Seattle

Nerd Wallet

Despite its name, Alaska Airlines is headquartered in Seattle, with Seattle-Tacoma Airport serving as its main hub. The airline has multiple lounges at the airport, each offering a unique experience to weary travelers on the go. Here’s everything you need to know about the Alaska lounges in Seattle so you can escape some of the. Jon Nickel-D'Andrea writes for 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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March 2021 Firm Newsletter: What Do You Want for Your Future?

Jimerson Firm

Featured in the March 2021 Issue. Partner’s Perspective: What Do You Want for Your Future? Jimerson Birr Wins Platinum Readers’ Choice Award from Florida Community Association Journal. Register Now for the Construction Industry Webinar: Critical Construction Contract Provisions for Trade Subcontractors. Join JB at the Inaugural Boss of the Sauce Festival in Downtown Jacksonville This April.

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How to Use Travel Funds on Southwest Airlines

Nerd Wallet

Southwest is one of the most popular airlines to fly in the U.S., partially because it offers a generous cancellation and flight change policy. However, depending upon the ticket you buy, you may receive travel funds instead of a cash refund in the event your flight plans change. Here’s how to use travel funds on. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.

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7 Ways to Manage Your Fear of Spending Money [Chrometophobia]

Credit Corp

This post originally appeared on Arrest Your Debt. If you believe your life is being disrupted by Chrometophobia, seek professional help. Most people worry about money, and some of them even develop a fear of spending money. Americans think and worry about money most of the time. At least 70 percent of Americans are in debt, with at least 15 percent having a negative net worth.

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Falcon Intelligence Network: A Fraud Consortium for Fraud-Fighting Machine Learning Innovation

Fico Collections

Rome wasn’t built in a day. And neither was the FICO® Falcon® Intelligence Network , the industry’s richest repository of legitimate and fraudulent payment data. But unlike crumbling ancient Roman ruins, the Falcon Intelligence Network, FICO’s fraud consortium, is stronger and more vital today than ever. Its detailed consortium data is not only one of FICO’s secret weapons for fighting card fraud, but also fraud that proliferates across every payment channel, from mobile, to card not present, to

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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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Minimum Wage in the United States. What is all the fuss about?

TAMSEY

People have several questions when it comes to living and working abroad. Onebig question that comes back over and over again is “how much can I earn in the country in which I intend to live?”. This is an important concern for most people, whether they are deciding to study or accept a job offer abroad because it directly impacts living conditions. In order to make sound decisions it is therefore important to understand how much you are likely to earn.

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Is the payday lending rule coming back in some form?

Public Citizen

by Jeff Sovern. Yesterday, Acting CFPB Director Dave Uejio posted an item to the CFPPB Blog that suggests that the Bureau may rekindle its former payday lending rule in some form. Here's the post in full: The CFPB is acutely aware of consumer harms in the small dollar lending market, and is particularly concerned with any lender’s business model that is dependent on consumers’ inability to repay their loans.

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