Fri.Feb 10, 2023

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Security Company Reaches $6.5M Settlement with Mass. AG Over Collection Tactics, Improper Renewals

Account Recovery

The Attorney General of Massachusetts has announced a $6.5 million settlement with a home security company that was accused of “trapping” consumers in long-term auto renewal contracts while also violating the state’s debt collection regulations. A copy of the consent judgment with Safe Home Security, its sister companies, and the company’s chief executive can be … The post Security Company Reaches $6.5M Settlement with Mass.

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Important Financial Statements to Keep Your Business Running Smoothly

Enterprise Recovery

Financial statements are as important to business leaders as they are to investors. Working capital provides a financial snapshot of your business on the balance sheet - the difference between the company's current assets and its current liabilities. A cash flow statement offers insight into the expected cash generated over a certain period of time.

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Complaint Accuses Collector of Failing to Remove Dispute Flag When Furnishing to CRAs

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Collector of Failing to Remove Dispute Flag When Furnishing to CRAs first appeared on AccountsRecovery.net.

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The Cost of Groceries: Are Food Prices Going Up?

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article The Cost of Groceries: Are Food Prices Going Up? 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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Judge Rules Plaintiff Lacks Standing in FCRA Case Over Duplicative Items on Credit Report

Account Recovery

A District Court judge in Kentucky has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act, ruling that the plaintiff lacked standing to sue after accusing the defendant of furnishing information about a debt twice on his credit report. A copy of the ruling in the case … The post Judge Rules Plaintiff Lacks Standing in FCRA Case Over Duplicative Items on Credit Report first appeared on AccountsRecovery.net.

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Daily Digest – February 10. Collector Accused of Failing to Remove Dispute Flag; Mass. AG Fines Security Co. For Collection Violations

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF FAILING TO REMOVE DISPUTE FLAG WHEN FURNISHING TO CRAS A defendant has removed a case from state court to federal court in California after it was sued for violating the Fair Debt Collection Practices Act by not removing a dispute flag from an account when furnishing information to the credit reporting … The post Daily Digest – February 10.

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Are You and Your Partner Financially Compatible?

Nerd Wallet

Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn. The article Are You and Your Partner Financially Compatible? originally appeared on NerdWallet.

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Surge in Private Landlord Rental Evictions

UK debt collections

Rental evictions have surged by 98% in a year, official figures show, with a charity saying this showed the “devastating impact” of the cost of living crisis on renters. Repossessions by landlords hit 5,409 between 1 October and 31 December last year, which was almost double the number in the same period in 2021, according to new Ministry of Justice figures for England and Wales.

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Should We Have a Joint Bank Account as an Unmarried Couple?

Nerd Wallet

Chanelle Bessette writes for NerdWallet. Email: cbessette@nerdwallet.com. The article Should We Have a Joint Bank Account as an Unmarried Couple? 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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Consumers Prioritize Mortgage Payments Over Auto

Fico Collections

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? NicholetteLarsen@fico.com Tue, 03/23/2021 - 22:16 by Tommy Lee Senior Director, Analytics and Scores expand_less Back To Top Fri, 02/10/2023 - 16:00 At the start of the pandemic, unemployment spiked and the CARES Act was passed to support those in financial need to pay their bills, including mortgage and

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Why AirTags Alone Might Not Be Enough to Get Your Lost Bags Back

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article Why AirTags Alone Might Not Be Enough to Get Your Lost Bags Back originally appeared on NerdWallet.

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Most Credit Departments Still Rely on Paper Credit Applications

NACM

? The latest episode of NACM's #ExtraCredit podcast is available now! Click HERE to listen. Like many industries these past few years, B2B credit has needed to adjust to a new digital reality. Most credit departments have adopted more technology and automation than ever before, except when it comes to digital credit applications. According to.

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Age of AI: ChatGPT, Bard and How Money Advice Might Evolve

Nerd Wallet

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article Age of AI: ChatGPT, Bard and How Money Advice Might Evolve 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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How Much Does a Trip to Hawaii Cost?

Nerd Wallet

June Casagrande writes for NerdWallet. Email: travel@nerdwallet.com. The article How Much Does a Trip to Hawaii Cost? originally appeared on NerdWallet.

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Do You Have a Championship Savings Account?

Nerd Wallet

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. The article Do You Have a Championship Savings Account? originally appeared on NerdWallet.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com. The article The NerdWallet guide to finding the best car insurance rate originally appeared on NerdWallet.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. How to compare car insurance quotes First of all, every. Kayda Norman 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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Vehicle History Report Scams and How to Avoid Them

Nerd Wallet

Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Vehicle History Report Scams and How to Avoid Them originally appeared on NerdWallet.

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Smart Money: The Emotional Trade-Offs of Wealth Building

Nerd Wallet

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: The Emotional Trade-Offs of Wealth Building originally appeared on NerdWallet.

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Class of 2022 Missed Out on $3.6B in College Grants, Report Shows

Nerd Wallet

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Class of 2022 Missed Out on $3.6B in College Grants, Report Shows originally appeared on NerdWallet.

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The 8 Key Types of Car Insurance

Nerd Wallet

Drew Gula writes for NerdWallet. Email: dgula@nerdwallet.com. The article The 8 Key Types of Car Insurance originally appeared on NerdWallet.

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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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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. How to compare car insurance quotes First of all, every. Kayda Norman writes for NerdWallet.