Wed.Jan 11, 2023

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Daily Digest – January 11. Judge Dismisses FDCPA Class Action; DoE Announces Student Loan Repayment Proposal

Account Recovery

JUDGE DISMISSES FDCPA CLAIM FOR LACK OF STANDING RELATED TO SOL DISCLOSURE A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action lawsuit, ruling the plaintiff lacked standing to sue after arguing that a violation of state law cause the alleged FDCPA infraction.More details … The post Daily Digest – January 11.

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Small-Business Trends: 6 Predictions for 2023

Nerd Wallet

Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article Small-Business Trends: 6 Predictions for 2023 originally appeared on NerdWallet.

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N.Y. Governor’s Agenda Includes Medical Debt Collection Initiatives

Account Recovery

The Governor of New York yesterday announced a number of healthcare-related proposes during her State of the State address, including a plan to include medical debt in the state’s Consumer Credit Fairness Act. Including medical debt in the Consumer Credit Fairness Act would lower the statute of limitations on filing lawsuits to collect on unpaid … The post N.Y.

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Smart Money: Retirement Changes You May Have Missed

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Retirement Changes You May Have Missed 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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Dept. of Education Announces Proposal to Change Repayment Plans on Student Loans

Account Recovery

The Department of Education yesterday announced a proposed rule that aims to lower the student loan payments being made by those with student loan debt, while completely pausing payments for individuals who make less than $30,600 per year. A copy of the proposed rulemaking can be accessed by clicking here. A 30-day comment period is … The post Dept. of Education Announces Proposal to Change Repayment Plans on Student Loans first appeared on AccountsRecovery.net.

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TrueML Names Thomas Overton as Chief Technology Officer

Account Recovery

Lenexa, KS – January 11, 2023 – One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication in the financial services space, today announced that Thomas Overton will join as Chief Technology Officer. TrueML develops software using patented machine learning technology to create a digital-first … The post TrueML Names Thomas Overton as Chief Technology Officer first appe

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DOJ Provides Settlement Update with Meta Over Allegedly Discriminatory Housing Advertising Practices

Troutman Sanders

As discussed here , on June 21, 2022, the United States Department of Justice (DOJ) filed a lawsuit and on June 27, 2022, obtained a settlement agreement with Meta Platforms Inc. (Meta previously known as Facebook) to resolve allegations that Meta’s housing advertising system discriminated against Facebook users in violation of the Fair Housing Act (FHA).

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Judge Dismisses FDCPA Class for Lack of Standing Related to SOL Disclosure

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action lawsuit, ruling the plaintiff lacked standing to sue after arguing that a violation of state law cause the alleged FDCPA infraction. A copy of the ruling in the case of Gregg v. SN Servicing … The post Judge Dismisses FDCPA Class for Lack of Standing Related to SOL Disclosure first appeared on AccountsRecovery.net.

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How to Avoid Hotel Resort Fees (and Which Brands Are the Worst)

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article How to Avoid Hotel Resort Fees (and Which Brands Are the Worst) 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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22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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Deputy Director Martinez’s Prepared Remarks at the National Fair Housing Alliance Event Previewing “Our America: Lowballed”

Consumer Finance

Deputy Director Martinez delivered prepared remarks at an event hosted by the National Fair Housing Alliance and the Brookings Institution in Washington, DC.

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Luxury Candle maker goes bust with huge unpaid business debts

UK debt collections

A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold in high-end stores but despite this, the firm has gone bust with debts of more than £1m. This has occurred after cash-strapped consumers fell out of love with candles. Plymouth based Luxus Home Fragrance Ltd made products sold in John Lewis, Marks and Spencer and London’s Harrods and had five years of success and a turnover of £1.8m in 2021.

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5 Things to Know About the Varo Credit Card

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article 5 Things to Know About the Varo Credit Card 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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Wrong Distance: Creating an Employer-Employee Relationship

NCBA Law Practice Management Blog

Managing people kind of sucks; it’s one of the hardest things to do as a business owner. And, it’s hard to generate a formal employer/employee relationship, especially the first time you ever hire somebody. You see it all the time; but, if you get too buddy-buddy with your employee, and you try to act like som e body’s friend – the next thing you know, your work ‘friend’ is taking three - hour lunches, or bagging at 3 pm, without any kind of notice.

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The Eleventh Circuit’s Minority View of Article III Results in Dismissal of Another TCPA Case

TCPA

The District Court for the Southern District of Florida recently dismissed a TCPA lawsuit for lack of Article III standing, holding that five unsolicited text messages did not constitute a concrete injury. Muccio v. Global Motivation, Inc., __ F. Supp.

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CFPB Moves Forward With Proposed Rule Establishing Public Registry of Terms and Conditions in Form Contracts

Troutman Sanders

As forecasted in its 2022 Fall Rulemaking Agenda discussed here , today the Consumer Financial Protection Bureau (CFPB) published a proposed rule with request for public comment s that would require certain nonbank covered entities, with limited exceptions, to submit information on terms and conditions in their form contracts that “seek to waive or limit individuals’ rights and other legal protections.

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What Are the Development Restrictions Applicable to My Zoning District and Can They Be Waived?

Jimerson Firm

Land use and zoning lawyers commonly with real estate investors, developers, and homebuyers who purchase real estate looking to either add on to the existing structural improvements on the property or redesign the use of the property, tear down the existing structure, and build brand new. It is natural to be excited about the opportunities that owning a new piece of real estate can offer while figuring out how to maximize the profitability of the property.

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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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How to Plan a Disneyland Trip for the Disney100 Celebration

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article How to Plan a Disneyland Trip for the Disney100 Celebration originally appeared on NerdWallet.

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Mineral Rights Were Reserved on My Property Before I Bought It; What Now?

Jimerson Firm

The reservation of mineral rights on real property throughout Florida is not uncommon. When the State of Florida first conveyed title to state owned lands, it was customary for the state to reserve an interest in all oil, gas and minerals on the property. This included the right to drill, mine and excavate these interests. Once these properties began to be improved with commercial and residential developments, these rights raised significant issues for developers and their lenders.

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Economic Growth Remains Strong but Subject to Change

NACM

​Economic data shows that U.S. economic growth remained steady in the last quarter of 2022. In December, payrolls rose by $223,000 while the unemployment rate fell to 3.5% and average hourly earnings eased by 0.3%, per Wells Fargo. Job openings fell to 10.46 million in November. Not only that, "ISM manufacturing fell to 48.4 in December, while the.

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How to Legally Sell the Property of a Recently Deceased Family Member

Jimerson Firm

People who inherit real property from their deceased loved ones often do not understand the process of how to move forward to legally sell the property. The process can be confusing, particularly when dealing with non-homestead property, and what steps need to be taken depends on how the property was inherited. Real estate can be inherited by deed, by will, by trust, or if the decedent passed away without a will, the inheritance process will be determined by the Florida Intestate Statute.

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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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Top 5 Decision Management Posts of 2022: AI and Digital Jane

Fico Collections

Home. Blog. FICO. Top 5 Decision Management Posts of 2022: AI and Digital Jane. From diversity in AI to the film Highlander to transformative banking experiences, these decision management topics pointed the way to the future. Saxon Shirley. Wed, 05/25/2022 - 03:43. by FICO. expand_less Back To Top. Wed, 01/11/2023 - 14:25. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category.