Fri.Jun 17, 2022

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Judge Grants MSJ for Defendant in FDCPA Case Over Early Out Collection Efforts

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the defendant was engaged in early-out collections and that it was not attempting to collect on a debt that was in default when it contacted the … The post Judge Grants MSJ for Defendant in FDCPA Case Over Early Out Collection Efforts appeared first on AccountsRecovery.net.

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What Is MLS in Real Estate?

Nerd Wallet

MLS in real estate stands for multiple listing service, the platform that real estate agents use to list properties for sale and find homes for buyers. The listing and buyer’s agents participating in the MLS agree to share commission when properties are sold. Although people often refer to the MLS as a single entity, there. Barbara Marquand writes for NerdWallet.

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New Data Indicates More Consumers Struggling to Make Ends Meet

Account Recovery

More than half of all consumers across the country are going into debt, borrowing money, or using their savings to cover their expenses right now as a result of higher prices for everything from gas to groceries, according to the results of a survey conducted by the National Retail Federation. The data is yet another … The post New Data Indicates More Consumers Struggling to Make Ends Meet appeared first on AccountsRecovery.net.

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Rising Interest Rates Mean It’s Time to Knock Out Credit Card Debt

Nerd Wallet

Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. On Wednesday, the Federal Reserve announced a 0.75% increase to the federal funds rate — its largest hike in almost 30 years. Increases to this rate tend to make borrowing more. Jackie Veling 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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Daily Digest – June 17. How Collectors Should Respond to Common Scenarios; Class Action Accuses Collector of Violating FDCPA via Text

Account Recovery

HOW COLLECTORS SHOULD RESPOND TO COMMON SCENARIOS WITH CONSUMERS Good collectors understand that winning a call is about getting a payment from a consumer, not winning a debate or conversation about who is right and who is wrong. It can be just as important not to address certain comments that a consumer might make during … The post Daily Digest – June 17.

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How Collectors Should Respond to Common Scenarios With Consumers

Account Recovery

Good collectors understand that winning a call is about getting a payment from a consumer, not winning a debate or conversation about who is right and who is wrong. It can be just as important not to address certain comments that a consumer might make during a conversation just to keep it flowing in the … The post How Collectors Should Respond to Common Scenarios With Consumers appeared first on AccountsRecovery.net.

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Business Loan Consultants Near You: How to Find Help

Nerd Wallet

Applying for a small-business loan can be a complex, time-consuming task. A business loan consultant can simplify the process by analyzing your firm’s finances, identifying the appropriate funding type and working with you to compile the documents needed for your loan. Loan consultants don’t offer their services for free; most charge either an hourly or per-session.

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Class Action Accuses Collector of Violating FDCPA via Text Message

Account Recovery

A class-action complaint has been filed in federal court in North Carolina accusing a collector of violating the Fair Debt Collection Practices Act by sending a text message to a consumer that created “a false sense of urgency” because of how it was worded, and for not identifying itself as a debt collector when it … The post Class Action Accuses Collector of Violating FDCPA via Text Message appeared first on AccountsRecovery.net.

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Delta Comfort Plus vs. First Class Cabin: Which is Right for You?

Nerd Wallet

When choosing an airline for your next trip, you might’ve considered Delta Air Lines — one of the “Big Four” U.S. carriers. According to the Bureau of Transportation Statistics, it ranks third for the highest percentage of on-time arrivals and departures. However, a traveler’s timely departures and arrivals are only part of a stellar flight. Jennifer Calonia writes for 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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SCOTUS Invalidates CA Law Preventing Arbitration of Individual PAGA Claims When a Valid Arbitration Agreement Exists

Troutman Sanders

In its 12th case regarding arbitration in the last five years, the Roberts court fascination with the dispute resolution method continues. In the second of two decisions regarding arbitration this week, the Court reestablished the primacy of the Federal Arbitration Act (FAA). In reasoning similar to the line of decisions that have enforced class-action waivers, the Court enforced an arbitration agreement and required arbitration of an employee’s individual claims under the California Labor Code

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Using Credit Card Points at Checkout Has Become Too Easy

Nerd Wallet

Travel and cash back are the most-touted ways to redeem your credit card rewards, but over the past decade or so, another redemption option emerged: the ability to pay with points at select merchants. It’s a pretty appealing feature. You’re planning on forking the money over for the purchase anyway, but you can use points. Sara Rathner writes for NerdWallet.

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90 Days From Exemplification To Domesticate Judgment in NY?

FFGN COLLECT NY

New York gives full faith and credit to judgments entered in other states as required by the Constitution and under New York Civil Rules, provided the judgment was not entered on default and not entered pursuant to a confession of judgment. If you are wondering whether there is a time constraint from exemplification to domesticate a judgment in NY, read on to learn more about the process.

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Personal Guarantees for Business Loans: What to Know Before Signing

Nerd Wallet

Personal guarantees on business loans are common. But before you sign one, make sure you know what it can mean for your business and your personal finances. What is a personal guarantee on a business loan? A personal guarantee is a borrower’s promise to repay a business loan from their personal assets if the business. Tina Orem writes for 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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Five Stories that Matter in Michigan This Week – June 17, 2022

Fraser

Five Stories that Matter in Michigan This Week – June 17, 2022; Legal, Legislative, and Regulatory Insights. Court of Appeals Considers Arguments in Significant No-Fault Case. An important case involving Michigan’s auto no-fault law is before the Michigan Court of Appeals. The dispute in the case of Andary, et al v. USAA Casualty Insurance Company , et al is focused on whether the no-fault reforms passed in 2019 apply retroactively for people injured before the law was passed.

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Humana Medicare Part D 2022 Review

Nerd Wallet

Humana is the fourth-largest company offering Medicare Part D plans. About 3.5 million Medicare beneficiaries have Humana Part D plans as of April 2022. Humana’s overall star rating from the Centers for Medicare & Medicaid Services is close to average, but its plans fall short on eight out of 12 Medicare Part D quality measures. Alex Rosenberg writes for NerdWallet.

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The Latest Episode of Extra Credit Is Here!

NACM

Good morning credit professionals! ?? Get your Friday started by listening to the latest episode of our Extra Credit #podcast (And make sure you subscribe on Spotify or Amazon Music so you never miss a notification ??)[link] you know. 44% of credit professionals still work remotely either part or full t.

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How to Get a Hilton Credit Card

Nerd Wallet

As one of the biggest hotel chains in the world, Hilton offers plenty of properties for your next vacation. Whether you’re traveling to California or South Africa, there’s a Hilton hotel for rest after a day of adventures. With such a wide variety of locations, you may be thinking about getting a Hilton credit card. Carissa Rawson 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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How Old Do You Have to Be to Buy a Car?

Nerd Wallet

Most states have no age requirement for buying a vehicle, but you will need to be at least 18 to register, title and insure it in most states. Also, you cannot get an auto loan if you are under 18. If you aren’t 18 yet, you will most likely need the help of an adult. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com. The article How Old Do You Have to Be to Buy a Car?

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SENTRI vs. Global Entry: Which is Better?

Nerd Wallet

If you travel frequently and are looking for a way to save time when traveling, you may be considering applying for SENTRI or Global Entry. If you’re comparing SENTRI versus Global Entry to decide which is best, you’ll need to understand how the programs differ. This guide outlines the difference between Global Entry and SENTRI. Natasha Gabrielle writes for NerdWallet.

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The Guide to Capital One Lounges

Nerd Wallet

Who doesn’t want to hang out in an airport lounge? Away from the crowded terminals, these spaces provide a comfortable place to sit, relax and enjoy some free food. Businesses know this — it’s the reason that competitors such as American Express and Chase have begun operating their own branded lounges. Capital One is no. Carissa Rawson writes for NerdWallet.

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