Wed.Mar 02, 2022

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Judge Grants MTD in FDCPA Case Over $0.01 Discrepancy

Account Recovery

A penny saved is a penny earned, the saying goes. But when it comes to the Fair Debt Collection Practices Act, especially on a debt in excess of $3,000, not suing a debt collector over a penny is the best way to save your money, according to a District Court judge in New York who … The post Judge Grants MTD in FDCPA Case Over $0.01 Discrepancy appeared first on AccountsRecovery.net.

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Ask yourself these 5 questions before starting collection activity

American Profit Recovery

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program. But it is critical for your business to understand how a customer got to the point of collection activity before implementation.

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What Is a Section 341 Meeting and How Do I Prepare?

Sawin & Shea

Shortly after you file for Chapter 7 or Chapter 13 bankruptcy, you will receive a notice for your section 341 meeting of creditors. It’s an essential part of the bankruptcy process that usually takes place at the Federal courthouse, but currently is done over the phone or via a Zoom chat due to the pandemic. You might feel a bit intimidated thinking about your required appearance at the hearing, no matter how it takes place.

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Contractor Insurance: What It Is, How to Get It

Nerd Wallet

Contractor insurance protects your construction business in case of lawsuits, on-the-job injuries, damage to your equipment and more. You may be required, either by law or the company that hired you, to have this coverage. Most contractors need several business insurance policies to protect against these different risks, but you can usually buy them together.

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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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Designing a Responsive Program: Supporting Mariachi and Street Vendors in East LA

Prosperity Now

With ongoing support from the Wells Fargo Foundation, Prosperity Now partnered with the East Los Angeles Community Corporation (ELACC) to

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Ex Dragon’s Den star issued jail sentence for Unpaid Debt

UK debt collections

The High Court in London has issued a suspended Jail sentence against a former on-line Dragons Den star. High profile American entrepreneur Julie Marie Meyer MBE appeared as a ‘Dragon’ in a online version of the popular BBC television show Dragons Den in 2009. Meyer owes London Law firm Farrer & Co £200,000 in unpaid fees dating back to 2018.

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How to Choose a Seat on a Plane

Nerd Wallet

What used to be a simple part of purchasing an airline ticket has become a hot mess in recent years. Should you pay for more legroom? Should you pay at all? Do you have to select a seat in order to get on the plane? These are legitimate questions, and airlines do little to help. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif.

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New Mexico caps interest rates on storefront loans

Public Citizen

New Mexico's governor has signed a bill reforming predatory lending practices by lowering the cap on small loan interest rates from 175% to 36%. The governor's press release is here.

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Can Your First Credit Card Be a Travel Card?

Nerd Wallet

Maybe you love to travel and the thought of a shiny, metal card that gets you free flights is dazzling. Maybe you’re a pragmatic college student planning to study abroad and searched “best travel credit card.” Or perhaps you’re new to the U.S. and don’t have a credit history, but you want to book international. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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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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CFPB Warns Auto Finance Companies About Inadvertent Repossessions

Troutman Sanders

On February 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a bulletin and accompanying press release , highlighting an issue that the agency has written about frequently over the past several years: inadvertent repossessions. For the most part, the bulletin reminds the industry of guidance previously issued by the CFPB in several editions of Supervisory Highlights and a 2020 consent order, but it also stands as a clear reminder that inadvertent repossessions remain one of t

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Lock In Your Access to Hotel Refunds as Travel Remains Iffy

Nerd Wallet

Worried you might need to cancel your hotel stay last-minute? If the pandemic taught us anything, it’s that nothing is for certain — not even the room you booked. Sometimes the airline cancels your flight and can’t rebook you for at least another day, so you’ll arrive late and want a refund for your first. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Infrastructure Agenda Outlined During State of the Union Speech

NACM

President Joe Biden addressed plans for how the $1.2 trillion infrastructure budget, signed into law last November, would be used. The spending will be spread out over the next five to 10 years, according to the White House."America used to have the best roads, bridges and airports on Earth," Biden said during the State of the Union speech. "Now ou.

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5 Things to Know About Truist Credit Cards

Nerd Wallet

Truist Bank — a merger of former banks SunTrust Bank and BB&T — offers a suite of credit card products that include cash back, travel and secured card options: Enjoy Cash credit card, $0 annual fee. Enjoy Travel credit card, $0 annual fee. Future credit card, $0 annual fee. Enjoy Cash Secured credit card, $19 annual fee. Funto Omojola 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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Want to Buy SPY? Here’s What to Consider

Nerd Wallet

1. What is SPY? You may have caught a headline about “SPY stock.” But no, you didn’t stumble across an espionage-related tip. Neither is it a single stock. Instead, SPY is an exchange-traded fund, or ETF, that tracks stocks (often referred to as “equities”) in the S&P 500 index, which includes around 500 of the. Alieza Durana writes for NerdWallet.

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10 Best Credit Card Machines and Terminals for Small Businesses

Nerd Wallet

Finding the right credit card terminal is a vital part of operating a small business and involves matching key features with your budget. A dynamic credit card machine works with your business to make daily transactions easier for you and your customers. For some businesses, the ideal credit card terminal works without Wi-Fi and can. Whitney Vandiver writes for NerdWallet.

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How to Sell Your Car Online

Nerd Wallet

Selling your car online — to buyers such as Vroom, Carvana, CarMax or a dozen other rivals that have sprung up — has emerged as a viable option for drivers interested in selling their car outright or valuing it as a trade-in. All you need is an internet connection and a few details about your vehicle, Karen Aho writes for NerdWallet. Email: articles@nerdwallet.com.

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