Mon.Jul 12, 2021

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Ed. Dept. Cancels More Loans for Misled Students

Account Recovery

The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions. The individuals attended Westwood College, Marinello Schools of Beauty and … The post Ed.

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Millennials, what will you teach your kids about money?

Nerd Wallet

Hey, internet: Remember millennials? Many of us have graduated from our lattes and leisurely brunches to become parents with jobs, car loans and perhaps even a mortgage. On our road to adulthood, we’ve experienced two global crises — a recession and a pandemic. Many of us are also still carrying mountains of student debt. These. Amrita Jayakumar writes for NerdWallet.

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Compliance Digest – July 12

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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6 Essential Terms to Understand in Your Homeowners Policy

Nerd Wallet

Stuffed with industry jargon and legalese, your home insurance policy isn’t exactly light reading — but that doesn’t mean you should toss it in a drawer without a glance. After all, the words in that policy could mean the difference between being completely covered for a disaster or having to pay thousands of dollars to. Sarah Schlichter 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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Spire Recovery Solutions Supports Local Community with Donation to FeedMore WNY

Account Recovery

Spire Recovery Solutions, a professional accounts receivable collection agency in Lockport, NY, made a recent donation to FeedMore WNY, a charitable nonprofit organization dedicated to ending hunger in the Western New York area. The organization is the primary nonprofit food provider in the region and includes both Meals on Wheels and Food Pantry services.

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Colorado Latest State to Enact Privacy Law

Account Recovery

Colorado has become the third state in the country to enact a comprehensive privacy law, which follows the model set for by the laws in California and Virginia, while possessing its own quirks and nuances. The law is scheduled to go into effect on July 1, 2023. Similar to California and Virginia, the Colorado Privacy … The post Colorado Latest State to Enact Privacy Law appeared first on AccountsRecovery.net.

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How to Pay Yourself as a Business Owner

Nerd Wallet

How to pay yourself as a business owner depends on the business structure, the stage of growth of your business and other factors. While paying yourself may not be the first thing that comes to mind as you’re building a business, knowing the factors to consider and using the correct payment method can set you. Amrita Jayakumar writes for NerdWallet.

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Daily Digest – July 12. Ed. Dept. Cancels More Loans; WH Seeks to Slow Bank Mergers, Give Consumers More Control of their Financial Data

Account Recovery

ED. DEPT. CANCELS MORE LOANS FOR MISLED STUDENTS The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

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Smart Money Podcast: Fighting Inflation and Risks of Small Mortgage Lenders

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a new segment we’re calling Buzzwords, where we discuss terms you’ve probably been hearing about in the news and what they mean for your bottom line. To kick off the series, we’re discussing inflation. Then we pivot to. Liz Weston 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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Charles Jimerson Interviewed by the Miami Herald for Condo Law Expertise for Surfside Condo Collapse Article

Jimerson Firm

On Friday, July 9, 2021, the Miami Herald covered the Surfside condo collapse in their latest news article, “ Condos’ reserve funds, delayed repairs under new scrutiny since Surfside tragedy.” Managing partner Charles Jimerson was quoted throughout the piece for his expertise in condominium law by the Miami Herald’s Mary Ellen Klas and Ana Ceballos of the Herald/Times Tallahassee Bureau.

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Is the United Quest Card Worth Its Annual Fee?

Nerd Wallet

If you fly United Airlines, a new credit card could make your travels more rewarding. The New United Quest? Card has a unique roster of benefits that make it a compelling new option among United credit cards. But is it worth the $250 annual fee? A look at the card’s benefits reveals who should get. Carissa Rawson writes for NerdWallet. Email: wpguestuser+carissarawson@nerdwallet.com.

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Continuing Our Work with the Southern Partnership to Reduce Debt (SPRD)

Prosperity Now

Prosperity Now is happy to announce that we are starting the next phase of our work with the Annie E.

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How to Travel to Denver on Points and Miles

Nerd Wallet

Denver is known as the Mile High City because it’s literally one mile above sea level. It’s a popular tourist destination for its professional sports and as a launching point for Colorado’s famed ski resorts. But there’s so much more to the city, including touring the U.S. Mint, exploring the Denver Museum of Nature & Lee Huffman 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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6 Best Personal Finance Courses

Credit Corp

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. With personal finance, it seems that many people are unaware of the best techniques they can use for budgeting and saving money. So, even more experienced people tend to make simple finance-related mistakes they could have avoided quite easily.

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Are State Interest-Rate Caps an Automatic Win for Borrowers?

Nerd Wallet

Small-dollar, short-term lenders, unburdened by a federal maximum interest rate, can charge borrowers rates of 400% or more for their loans. But more states are bringing that number down by setting rate caps to curb high-interest lending. Currently, 18 states and Washington, D.C., have laws that limit short-term loan rates to 36% or lower, according.

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13 Best Liquid Investments to Consider

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. There are various liquid investments you can profit from. However, we need to define and understand what a liquid investment is. Before you invest in anything, you should understand everything about it–from availability to potential risk. The most basic truth to investing: if you can’t explain an investment to a six-year-old, you don’t understand the investment yourself.

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QuickBooks for Mac 2021 Review

Nerd Wallet

Software company Intuit is one of the best-known resources for financial tools. Its Apple-exclusive product, QuickBooks Desktop for Mac 2021 (or, QuickBooks for Mac), works well for a niche group of small-business owners. QuickBooks for Mac is a good fit for users who: Heavily rely on Apple computers. Have three or fewer employees who will. Katherine Fan 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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NCAA Issues Interim Policy Allowing Student-Athletes to Monetize Their Name, Image and Likeness

Fraser

The NCAA recently announced an interim policy that allows student-athletes from all three divisions to monetize their name, image and likeness (often referred to as “NIL”). The new policy went into effect on July 1, 2021. The NCAA’s new interim policy was enacted on the cusp of laws in a number of states, such as Alabama, Florida, Georgia, Mississippi, New Mexico and Texas, taking effect which allow NCAA athletes to monetize their NIL.

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How to Use Statement Credits Without Overspending

Nerd Wallet

In addition to solid welcome offers and plenty of travel perks, premium travel cards offer various statement credits to help offset the annual fee. It can be easy to overspend in pursuit of these credits, but there are ways to use them without spending money unnecessarily. Here’s what you can do to optimize your statement. Elina Geller writes for NerdWallet.

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Lawmakers Aim to Limit Ransomware Response Options

Troutman Sanders

Organizations worldwide were busy this weekend after Keyasa, a software provider servicing more than 40,000 organizations, disclosed that it was the victim of a sophisticated cyberattack that is believed to have been orchestrated by REvil, a cybercriminal acting out of Russia. This latest announcement comes on the heels of several high-profile ransomware attacks that have occurred during the COVID-19 pandemic.

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QuickBooks Pro vs. Premier: Which Is Right for Your Business?

Nerd Wallet

QuickBooks Pro and Premier are both powerful accounting software solutions that allow you to purchase a one-time subscription and install it locally on your PC. Comparing these two versions of QuickBooks Desktop, Premier outstrips Pro with more in-depth inventory, sales and reporting functionality. Additionally, QuickBooks Premier gives you access to industry-specific tools, as well as.

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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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What is the role of the trustee in a Chapter 13 filing?

Roths Child Law

There are many differences between Chapter 13 and Chapter 7 bankruptcy for individuals. They have vastly different timelines and qualifications for filing, for example. One of the more significant differences is the role of the appointed trustee. In a Chapter 7 filing, the trustee reviews the paperwork submitting by the person filing, just like they do in Chapter 13 proceedings.

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Florida’s New TCPA Law Effective July 1

Troutman Sanders

This past April, the Florida legislature passed an amendment to Florida’s version of the Telephone Consumer Protection Act, CS/SB 1120. Two days before the amendment’s effective date of July 1, 2021, Governor Ron DeSantis signed the amendment into law, giving companies little time to prepare. The amendment imposes a new requirement on making telephonic sales calls using an automated system.

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Debt Collection Approaches for the COVID-19 Recovery

Fico Collections

The End of COVID-19 Support. Loans, grants, and job protection schemes provided by governments around the world during the past 18 months have eased the financial burden of the pandemic, for both businesses and their consumers. Lenders have benefitted from state measures which have so far helped limit near-term loan defaults. But with discussions around withdrawing government support now underway , many stimulus packages will start to be wound down within the next six months or so.

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What is the role of the trustee in a Chapter 13 filing?

Roths Child Law

There are many differences between Chapter 13 and Chapter 7 bankruptcy for individuals. They have vastly different timelines and qualifications for filing, for example. One of the more significant differences is the role of the appointed trustee. In a Chapter 7 filing, the trustee reviews the paperwork submitting by the person filing, just like they do in Chapter 13 proceedings.

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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.