Thu.Mar 11, 2021

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Daily Digest – March 11. Getting to Know Brit Suttell of Barron & Newburger; Judge Grants MTD in FDCPA Case Over Tradeline Status

Account Recovery

GETTING TO KNOW BRIT SUTTELL OF BARRON & NEWBURGER There aren’t a lot of people in the ARM industry who you would consider to be a Jedi among us mere mortals, but Brit Suttell is one of them. Recognized by the National Creditors Bar Association last year as the winner of the Donald Kramer Award, … The post Daily Digest – March 11. Getting to Know Brit Suttell of Barron & Newburger; Judge Grants MTD in FDCPA Case Over Tradeline Status appeared first on AccountsRecovery.net.

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Five Key Commercial Lease Provisions for Commercial Tenants

Jimerson Firm

A business owner may enter into a commercial lease for purposes of renting space to operate its business activities. Unlike residential leases, a commercial lease should not be a one-size-fits-all lease. Under Florida law, non-residential tenancies (commercial tenancies) are governed by Sections 83.001-82.251 of the Florida Statutes. Business owners, or tenants, may be able to negotiate many of the provisions of their commercial lease with the landlord, and make it more customizable to fit their

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Getting to Know Brit Suttell of Barron & Newburger

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 Brit Suttell of

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Common Tools Can Save You Time, Money on Taxes

Nerd Wallet

Receipts, like memories, tend to fade with time. That’s just one reason to digitize and track tax-related information. The right apps and habits can save space, time, money and hassle — but only if you use them. “Apps should make things easier, not more complicated,” says Clare Levison, a certified public accountant in Blacksburg, Virginia. Liz Weston 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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Judge Grants MTD in FDCPA Case Over Tradeline Status

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because of how it described the status of an unpaid debt when it was reported to one of the credit reporting agencies. A copy of the ruling in the … The post Judge Grants MTD in FDCPA Case Over Tradeline Status appeared first on AccountsRecovery.net.

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Patient Billing Platform Raises $200M in Funding

Account Recovery

Cedar, an online service that aims to help patients pay their medical bills online, has announced that it has raised an additional $200 million in funding, bringing the total amount it has raised to $350 million. The current round of funding values the company at $3.2 billion. Cedar just raised $102 million last year. The … The post Patient Billing Platform Raises $200M in Funding appeared first on AccountsRecovery.net.

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Important: Keep all bankruptcy documents

Albuquerque Law

Receiving the discharge letter after navigating the bankruptcy process can bring a great feeling of relief. After all, the discharge of your debts is the goal, so you can obtain a fresh start. However, even when you obtain a discharge, there are a few more steps you must take. One step that you should not overlook involves collecting all of the documents you amassed during the bankruptcy process and organizing them for safekeeping.

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Where to Open a Business Checking Account With No ChexSystems Report

Nerd Wallet

When you apply for a business checking account, most banks will run a ChexSystems report to see your history with previous checking and savings accounts — similar to a lender running a credit check when you apply for a business loan. Unlike a credit report, however, a ChexSystems report mostly shows the misuse of checkings. Randa Kriss writes for NerdWallet.

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CFPB Proposes to Delay the Mandatory Compliance Date of the New General Qualified Mortgage Final Rule

Troutman Sanders

On February 23, the Consumer Financial Protection Bureau (CFPB) issued a statement that it planned to propose a rule to “delay the July 1, 2021 mandatory compliance date of the General QM Final Rule.” Consistent with that, the CFPB announced a notice of proposed rulemaking (NPRM) on March 3, which would push back the current mandatory compliance date for the General Qualified Mortgage (QM) Final Rule to October 1, 2022.

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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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Does an Eviction Hurt Your Credit?

Nerd Wallet

Being evicted from your home can be traumatic, but it won’t affect your credit unless you’re sent to collections for failure to pay any money owed. Eviction can hurt in other ways though: It’s costly, can disrupt employment and schooling, and it can make it harder to find another place to rent. What is eviction? Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

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FINRA Warns on Compliance Phishing

Burr Forman

On March 4, FINRA issued a Regulatory Notice warning member firms not to fall for phishing scam preying on compliance fears. The scam uses a phony email address, supports@finra-online.com, demanding an immediate response to an “attached report” of “regulatory non-compliance.” FINRA doesn’t have a “finra-online” domain and its gTLD is “.org” not “.com”.

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Game Apps That Pay Real Money: Play for Fun, Not Fortune

Nerd Wallet

Play games, get paid. Yes, there are mobile apps that promise such a thing. How can these apps pay you to play games? In many cases, you’re making them money by watching ads and filling out surveys between games. Your earnings will likely be a few cents a day, and payouts are generally made once. Hal M. Bundrick, CFP writes for NerdWallet. Email: hal@nerdwallet.com.

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CFPB rescinds disappointing abusiveness policy statement

Public Citizen

by Jeff Sovern. Last year we blogged about the CFPB's disappointing abusiveness policy statement. But things are different this year and the Bureau has wisely rescinded the Policy Statement, saying that it "was inconsistent with the Bureau’s duty to enforce Congress’s standard and rescinding it will better serve the CFPB’s objective to protect consumers from abusive practices.

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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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Is the Citi Rewards+ Card Worth It?

Nerd Wallet

The Citi Rewards+® Card is a no-annual-fee card that puts a spin on earning rewards: Most notably, all points earned per purchase are rounded up to the nearest 10 points. Plus, when it comes to redeeming points, you’ll get a 10% points rebate on up to 100,000 points redeemed each year. Although these features are. Rand Shoaf writes for NerdWallet. Email: travel@nerdwallet.com.

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Nomination News: Senate Banking Committee split on Chopra; Will Baradaran lead the OCC?

Public Citizen

by Jeff Sovern. Yesterday, the Senate Banking Committee split, 12-12 on the vote to confirm FTC Commissioner Rohit Chopra to be the next CFPB director. According to Neil Haggerty's report in the American Banker (behind a paywall but available on Lexis), the Senate can still confirm Chopra but it will first require a motion to discharge the nomination from the Committee.

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What Is the Best Delta Platinum Choice Benefit?

Nerd Wallet

In response to the pandemic, Delta Air Lines has extended elite status for its customers through Jan. 31, 2022. In the process, Platinum-level elites got an extension of their Platinum Choice Benefits. This unique elite status perk lets members choose their preferred benefits from a menu of choices. So what is the best Choice Benefit. Michael Friedman writes for NerdWallet.

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Important: Keep all bankruptcy documents

Albuquerque Law

Receiving the discharge letter after navigating the bankruptcy process can bring a great feeling of relief. After all, the discharge of your debts is the goal, so you can obtain a fresh start. However, even when you obtain a discharge, there are a few more steps you must take. One step that you should not overlook involves collecting all of the documents you amassed during the bankruptcy process and organizing them for safekeeping.

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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 Use Hyatt’s Guest of Honor Globalist Benefit

Nerd Wallet

Earning elite status with any hotel chain is an impressive feat. You’ve more than likely spent weeks inside of hotel rooms to reach that tier, so it seems rightly fair that the rewards for that loyalty should be equally impressive. Knowing that you’ve worked hard to earn status, Hyatt also believes that sharing that status. Ben Nickel-D’Andrea writes for NerdWallet.

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FFGN President Jocelyn Nager Featured in ABA Journal

FFGN COLLECT NY

Jocelyn Nager, president of Frank, Frank, Goldstein & Nager, was recently interviewed by the American Bar Association’s national magazine about the ongoing impact of the COVID-19 pandemic. The pandemic has seen businesses shutter and the economy suffer, leaving the businesses that remain struggling to survive and facing “sometimes-ruinous consequences” from downstream debt.

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How to Plan a Wedding on a Budget of $1000

Credit Corp

This post originally appeared on The Financially Independent Millennial. If you’re like thousands of American couples each year, you might ask yourself how to plan a wedding on a budget of $1000. Weddings are often the second-most costly expense a family will pay for, after the home. Fortunately, weddings can be affordable. This article will cover ways for budgeting a wedding under $1000!

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Order Up! Restaurant Revitalization Fund to Provide Billions in Restaurant Relief

Burr Forman

Background. On March 6, 2021, the Senate passed President Joe Biden’s $1.9 trillion COVID-19 relief package, known as the American Rescue Plan (the “ARP”). The ARP includes a $28.6 billion fund to aid restaurants, also known as the Restaurant Revitalization Fund (the “Fund”). The House of Representatives voted to approve the Senate’s amendments to the ARP on March 10, 2021.

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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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This Time, the Stimulus Package Helps More College Students

Nerd Wallet

In the third round of COVID-19 relief, college students and their families could see more money in their pockets than before. The $1.9 trillion American Rescue Plan Act, signed by President Joe Biden on Thursday, provides students with immediate and long-lasting financial benefits, including: Relief checks, even for dependent students. Emergency financial aid grants from.

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Is Telemedicine Here To Stay?

Credit Management Company

Thanks to the invention of technology, telemedicine is becoming mainstream. If you think that invention is video conferencing, you’re wrong. Would you believe it’s radio? Back in 1924, the cover of Radio News featured an image of a physician who could see and be seen by patients. At that time, telemedicine sounded like science fiction. Thanks to cloud technology, video conferencing, and other technological advances, telemedicine is now a viable reality.

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Why You Might Treat Your Third Stimulus Check Differently

Nerd Wallet

Congress has passed the third stimulus check relief package, and President Joe Biden promptly signed it into law Thursday. Here are the details of the American Rescue Plan Act of 2021, plus an actionable priority list of the best ways to use the money based on your current financial circumstances. How much will the 2021. Hal M. Bundrick, CFP writes for NerdWallet.

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Conductor Increases Fraud Detection by 25%

Fico Collections

Delivering leading AI-driven fraud prevention to a new business model. Conductor, the leading payments and banking-as-a-service platform in Latin America, has increased fraud detection by 25 percent and reduced overall payments fraud by 18 percent. This is a significant reduction for the company which currently powers 90 million accounts and over USD 25 billion in payment volumes.

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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.