Fri.Oct 23, 2020

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Brit Suttell Awarded Prestigious Donald Kramer Award

Account Recovery

AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” Ms. Suttell currently serves as an … The post Brit Suttell Awarded Prestigious Donald Kramer Award appeared first on AccountsRecovery.net.

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Does Your B2B Debt Collections Company Offer Brand Protection?

Enterprise Recovery

In the age of social media and rapid-fire news stories, it's important for businesses to consider their brand reputation. If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding.

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Judge Grants MSJ For Defense Over Lack of Itemization in Letter

Account Recovery

In a case that was spotlighted by Barron & Newburger, a District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act by not itemizing a debt in the initial collection letter, but doing so in a subsequent letter, which the … The post Judge Grants MSJ For Defense Over Lack of Itemization in Letter appeared first on AccountsRecovery.net.

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A New Set of Shopping Tips in the Pandemic

Nerd Wallet

Prior to March, shoppers would go to the mall or grocery store — without masks — and scout out the latest sales. Now, shopping looks much different. “The way consumers approach shopping has understandably changed as a result of COVID-19,” said Katherine Cullen, senior director for industry and consumer insights at the National Retail Federation, Courtney Jespersen is a writer at NerdWallet.

Retail 101
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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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Plaintiff in Incentive Award Case Files En Banc Petition

Account Recovery

As first noted by Eric Troutman at TCPAWorld.com, the plaintiff in an Appeals Court decision that ruled incentive payments for the named plaintiff in a class-action lawsuit are illegal under Supreme Court precedent dating back more than 130 years has filed for an en banc hearing before the Eleventh Circuit. A copy of the petition … The post Plaintiff in Incentive Award Case Files En Banc Petition appeared first on AccountsRecovery.net.

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CFPB Issues ANPR on Consumer Access to Financial Records

Account Recovery

The Consumer Financial Protection Bureau yesterday started the rulemaking process seeking to codify consumers’ rights to their financial records. In releasing an Advanced Notice of Proposed Rulemaking, the CFPB is continuing a process that it started several years ago to help it understand how it should implement such a rule, which it is required to … The post CFPB Issues ANPR on Consumer Access to Financial Records appeared first on AccountsRecovery.net.

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PMSD SUCCESSFULLY OVERTURNS NYU ACTION SUSPENDING STUDENTS FOR CONDUCT DURING SUMMER BREAK

Price Meese

Karen Edler and Jackie Esposito, attorneys in Price, Meese, Shulman & D’Arminio, P.C.’s Education Law Group, successfully litigated an Article 78 proceeding in New York’s Supreme Court vindicating the rights of three New York University (“NYU”) students, and returning them to the classroom. In what is believed to be the first reported decision of the issue of a private university’s right to suspend students for COVID-19 violations, the Honorable Carol R.

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CFPB Reorg Could Lead to Fewer Investigations of Collectors: Report

Account Recovery

The Consumer Financial Protection Bureau is reorganizing its supervision and enforcement units which could lead to less scrutiny of smaller companies in the financial services industry, including debt collectors, according to a published report. The reorganization is an attempt to eliminate the “arguing” that goes on in the Bureau’s Office of Supervision, Enforcement, and Fair … The post CFPB Reorg Could Lead to Fewer Investigations of Collectors: Report appeared first on

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New Late Payment proposals to help SME’s ‘not enough’

UK debt collections

Under new proposals being drawn up by the government, large companies could now face fines or court orders if they fail to pay their smaller suppliers on time. However, according to Know-it, a cloud-based credit management platform, while the changes are welcome and will provide the small and medium-sized enterprise (SME) sector with some much-needed support, more is needed to unravel the culture of late payments across the supply chain.

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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 – October 23. CFPB Reorg Could Lead to Fewer Investigations of Collectors; Judge Grants MSJ Over Lack of Itemization

Account Recovery

CFPB REORG COULD LEAD TO FEWER INVESTIGATIONS OF COLLECTORS: REPORT The Consumer Financial Protection Bureau is reorganizing its supervision and enforcement units which could lead to less scrutiny of smaller companies in the financial services industry, including debt collectors, according to a published report. JUDGE GRANTS MSJ FOR DEFENSE OVER LACK OF ITEMIZATION IN LETTER In … The post Daily Digest – October 23.

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Eleventh Circuit Rejects Incentive and Award to Class Representative in TCPA Class Action

Troutman Sanders

In Johnson v. NPAS Sols. , LLC , No. 18-12344 (11th Cir. Sep. 17, 2020), the Eleventh Circuit (the “Court”) found a series of errors in an order entered by the Southern District of Florida approving the settlement of a class action alleging violations of the Telephone Consumer Protection Act. Significantly, the Court invalidated the use of incentive awards for named plaintiffs as inconsistent with the Federal Rules.

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Tips for Traveling as a Single Parent

Nerd Wallet

Traveling with children can be challenging, whether you have toddlers, teens or kids somewhere in between. Without another adult to balance the load, single parents take on even more stress when planning family trips. But you don’t have to settle for staycations at home. Vacationing with kids as a solo parent doesn’t have to be. Rebecca Lake is a writer at NerdWallet.

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Top Private Schools Association partners leading Debt Collection Agency

UK debt collections

A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections. In a statement on their website, the Independent Schools Association ( ISA ) has given Frontline Collections a ‘Gold Supplier Status’ for it members. The ISA has over 500 members which include some of the UK’s leading Independent Schools.

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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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How to Get the Best Apple Black Friday 2020 Deals

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 27. What are Apple’s Black Friday 2020 plans? As we all know, Apple doesn’t have “discount” in. Hal M. Bundrick, CFP is a writer at NerdWallet.

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Will the Wealthy Be Taxed More?

Debt

There has been much talk this campaign year about a “Wealth Tax” and whether it would impact the wallets of middle and lower-income America, even if its name doesn’t. Rest easy. You need a net worth of at least $16 million to have any of the published proposals impact your tax filing next April and… The post Will the Wealthy Be Taxed More? appeared first on Debt.org.

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Is the Marriott Bonvoy Brilliant AmEx Worth Its Annual Fee?

Nerd Wallet

At first glance, a $450 annual fee hotel credit card might not seem like a good fit. But sometimes you have to pay more to get more. Depending on your travel and spending habits, you can maximize the benefits of the Marriott Bonvoy Brilliant™ American Express® Card to get value well above the $450 annual fee. Here’s. Keith M. Rosso is a writer at NerdWallet.

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Brit Suttell Awarded Prestigious Donald Kramer Award

BN Lawyers

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. AUSTIN, TEXAS, USA, October 23, 2020 / EINPresswire.com / — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.”.

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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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Does Capital One Offer Student Loans?

Nerd Wallet

Capital One does not offer student loans. If you need a private student loan for college or want to refinance your existing loans, you’ll have to look elsewhere. Few banks offer student loans. If Capital One is your bank of choice, explore all your private loan options to get the best deal possible. Capital One. Ryan Lane is a writer at NerdWallet. Email: rlane@nerdwallet.com.

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A second dip with a second wave? Prospects for consumer credit as the economic recovery stalls

CSA

Chris Leslie is Chief Executive of the Credit Services Association. It?s feeling increasingly likely we will look back at the summer of 2020 as an economic false dawn, as the Covid pandemic rears its head again on our way towards winter. Those initial months of national lockdown, clapping for the NHS and rainbows in windows, seem quite long ago now.

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How Can I Get Rid of Student Loans Without Paying?

Nerd Wallet

There’s no simple way to get rid of student loans without paying. But for federal student loans, there are forgiveness programs available after you make payments and meet other qualifications. The most easily accessible student loan forgiveness programs include: Public Service Loan Forgiveness: After 10 years of making payments while working full time for a.

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FTC Announces New Consumer Fraud Reporting Website

Troutman Sanders

On October 22, 2020, the Federal Trade Commission (“FTC”) announced the launch of its new consumer fraud-reporting website at ReportFraud.ftc.gov. The website will provide a reporting platform allowing consumer to directly report instances of fraud to the FTC, as well as related consumer issues under the FTC’s purview. The FTC touted the platform’s “streamlined experience” and “user-friendly” tools to submit reports to the agency about “scams, frauds, and bad business practices.

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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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5 Things to Know About the Norwegian Cruise Line Credit Card

Nerd Wallet

The Norwegian Cruise Line operates nearly 20 ships that travel to hundreds of destinations around the world. If you’re thinking about heading to one of these destinations, you might also be considering how the Norwegian Cruise Line® World Mastercard® could help you lower the cost of your voyage. The Bank of America®-issued card offers decent rewards.

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Matt Bruckner article on the roles of the states in protecting student loan borrowers from misbehaving schools

Public Citizen

Matthew A. Bruckner of Howard has written The Forgotten Stewards of Higher Education Quality, 11 U.C. Irvine L. Rev. 1 - 41 (2020). Here's the abstract: A “triad” of regulators is supposed to ensure that student loan borrowers are not harmed by low-value institutions of higher education, including exploitative profiteers operating fly-by-night or predatory institutions of higher education.

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Underrated Reasons Why You Need a United Gateway Card

Nerd Wallet

The United Gateway? Card is the newest in the lineup of United MileagePlus travel rewards credit cards available from Chase. Its $0 annual fee and generous earning potential on grocery purchases may have caught your eye, but there are plenty of other reasons to sign up for this card, from travel protections to no blackout. Alisha McDarris is a writer at NerdWallet.

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Michigan Supreme Court Officially Incorporates Centers for Disease Control’s Order Halting Evictions

Fraser

On September 4, 2020, we reported on the Centers for Disease Control and Prevention’s order halting evictions nationwide through December 31, 2020 for tenants who cannot pay rent based on COVID-19 related circumstances. An article interpreting that order and discussing how it might apply to common eviction, landlord, mortgage and land contract situations appears here.

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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.