Mon.Aug 30, 2021

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Daily Digest – August 30. Judge Denies Motion to Compel in FDCPA Class-Action; How Experts are Interpreting Latest Legal Rulings

Account Recovery

JUDGE DENIES MOTION TO COMPEL ARBITRATION OVER HOW ‘RECEIVABLE’ AND ‘ACCOUNT’ ARE DEFINED Synonyms and semantics can be deadly when in the hands of a federal judge. A defendant is learning that lesson the hard way after a District Court judge in New Jersey denied a defendant’s motion to compel arbitration in a Fair Debt … The post Daily Digest – August 30.

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How to Respond to Delinquent Customer Excuses for Late Payments

Enterprise Recovery

When your customer accounts become delinquent, they may have a number of reasons for not paying on time. Some of these excuses may be perfectly reasonable and others, not so much. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Here's how to respond to delinquent customer excuses for late payments.

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Compliance Digest – August 30

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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Tired of Your Big Bank? Consider These 4 Alternatives

Nerd Wallet

Checking account fees, minimal savings rates, impersonal customer support. The reasons you might choose to leave a big national bank vary, but where you go next might be a harder decision. Many of the biggest U.S. banks share many of the same benefits, including large networks of bank-owned branches and ATMs and robust mobile apps. Spencer Tierney 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 Denies Motion to Compel Over How ‘Receivable’ and ‘Account’ are Defined

Account Recovery

Synonyms and semantics can be deadly when in the hands of a federal judge. A defendant is learning that lesson the hard way after a District Court judge in New Jersey denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act case, ruling that the words “accounts” and “receivables” mean different … The post Judge Denies Motion to Compel Over How ‘Receivable’ and ‘Account’ are Defined appeared first on Acco

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Central Portfolio Control Raises Money for St. Jude Children’s Research Hospital

Account Recovery

Central Portfolio Control, Inc (CPC) hosted a Summer Party in July to celebrate employee achievement, enjoy time with family and friends, and raise money for another great cause. The Minnetonka, MN-based collection agency was able to donate over $1,700 for St. Jude Children’s Research Hospital (St. Jude’s) from the party’s dunk tank donations to support … The post Central Portfolio Control Raises Money for St.

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10 of the Best Hilton Honors Hotels in the Caribbean

Nerd Wallet

Whether you want to dip your toes in the sand or a refreshing swimming pool, there are plenty of resorts in the Caribbean where you can earn or redeem Hilton Honors points. If you have elite status in the Hilton Honors program, you can get extra perks like room upgrades, free breakfast (or a food. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Why the CTC and Baby Bonds are Smart Investments in our Children

Prosperity Now

Congress, the American public, and even national news outlets continue to uplift the powerful impact that the expanded Child Tax

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How to Maximize the Hyatt and Lindblad Expeditions Partnership

Nerd Wallet

Snorkeling and paddleboarding among the unique creatures of the Galapagos. Snowshoeing through Antarctica. Sailing past Norway’s towering fjords. Those are all experiences you can take via a trip with Lindblad Expeditions — which you can pay for using World of Hyatt points. Or, if you’re paying for one of those expeditions in cash (and yes, Sally French 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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Michigan Attorney General Argues that Legal Marijuana Use Shouldn’t be Grounds to Deny Unemployment Benefits

Fraser

In 2018, Michigan legalized the recreational use of marijuana. Marijuana use remains unlawful under federal law. Despite the legality under state law of use, some Michigan workers who have lost jobs have had state unemployment benefits denied on the basis that they failed an employer’s drug test due to marijuana use. Michigan Attorney General Dana Nessel (the “AG”) has waded into the fray to argue that an apparent conflict in state laws related to marijuana use and unemployment benefits should b

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How to Make Money From Your Phone

Nerd Wallet

Yes, you can make money from your phone. Just don’t expect to make millions this way, and fact-check influencers and bloggers who say you can. But if you’re looking to supplement your income or earn a few bucks while you’re already staring and scrolling, you might as well reach for your trusty device. The opportunities. Laura McMullen writes for NerdWallet.

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Unemployment Rates in 2021

Micro Bilt

After a year of low unemployment rates under 4%, the national-seasonally adjusted unemployment rate jumped to over 12% after the start of the pandemic.

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Smart Money Podcast: Delta Spending Habits and Marriage vs. Mortgage

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about how the delta variant of the coronavirus is changing the way people are managing their money. Then we pivot to this week’s money question from Daphne. They emailed us asking whether to save for. Liz Weston 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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What Is A Winding Up Petition? Our Guide

Hudson Weir

If you’re wondering ‘what is a winding up petition?’, then this short guide will help. A winding up petition is a real threat to a business’ survival, so if your company has received one, or if you believe it’s at risk of this, you need to think about the next steps without delay. In this guide we’ll run through a typical winding up petition procedure, as well as the options available for, potentially, how to stop a winding up petition as soon as possible.

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Mortgage Outlook: September Rates to Ascend, Then Level Off

Nerd Wallet

September mortgage rates forecast Mortgage rates went up about an eighth of a percentage point in August, and I think they’ll continue to rise modestly in the first half of September, then level out. The roots of this prediction stretch all the way back to March. Rates went up sharply that month as COVID-19 vaccines. Holden Lewis writes for NerdWallet.

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What Does An Official Receiver Do In Insolvency Procedures?

Hudson Weir

If you’re looking for information about what an official receiver does in insolvency procedures, we’ve put together a short summary. And what does the official receiver check during an interview? We’ll explain this and also go into detail about official receiver fees. You may also find our article from earlier this year about receivership and administration helpful.

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Business Renters Insurance: The Ultimate Guide

Nerd Wallet

Business renters insurance refers to any policy or combination of policies that protect businesses that rent property, such as offices, storefronts or warehouses, against certain losses and damages. Depending on the coverage you want from business renters insurance, a policy could include any or all of the following types of insurance: General liability insurance: This coverage.

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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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Need Debt Relief? Here Are Your Options

Debt Guru

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. But before you seek relief from a professional, you should understand your options. Some professionals will helpfully walk you through a debt management program or counsel you about the best way to handle your debt, but scammers will take advantage of you unless you know what to look for.

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Installment Loan Calculator: See Your Monthly Payments

Nerd Wallet

An installment loan is money you borrow in a lump sum and repay in fixed payments over a few months or years. An installment loan calculator can help you see how much those monthly payments might be. Use this installment loan calculator to see your monthly payments based on the loan’s annual percentage rate and. Annie Millerbernd writes for NerdWallet.

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What Is A Management Buyout And How Does It Work?

Hudson Weir

Have you ever wondered, ‘what is a management buyout?’. For some companies, a management buyout is an attractive solution when the current ownership model has run its course. With a different direction and purpose, the business can embark on a new strategy. Its employees will be more aligned on the company’s future ambitions than ever before. In the UK, as an example there have been some notable cases from within the Virgin Group of businesses.

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How Much Does Professional Liability Insurance Cost?

Nerd Wallet

Errors can cost a business everything, especially if it’s not protected by professional liability insurance. Also known as errors and omissions insurance, this coverage shields you from costly lawsuits that stem from mistakes, oversights and incorrect advice. This type of coverage is essential for fee-for-service businesses, such as accountants, architects and financial advisors.

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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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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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How Do Travel Credit Cards Work?

Nerd Wallet

You’ve probably heard of travel credit cards or travel rewards cards, but you may not be clear on how they work. These cards pay you points or miles for making both travel purchases and everyday purchases. Once you accumulate enough points or miles, you can redeem them for rewards like flights and hotel stays. If. Natasha Gabrielle writes for NerdWallet.

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U.S. Senators Reintroduce Privacy Legislation

Troutman Sanders

In recent months, updated versions of the Data Protection Act of 2020 and the SAFE DATA Act have been reintroduced in the U.S. Senate. This post provides an overview of these updated privacy bills, both of which were previously introduced during the 116th Congress. The Data Protection Act of 2021. On June 17, Sen. Kirsten Gillibrand (D-NY) introduced the Data Protection Act of 2021 (S. 2134).

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Zillow Offers: What to Know

Nerd Wallet

Launched in 2018, Zillow Offers buys and sells homes in more than two dozen real estate markets in 12 states. The company is the second most active iBuyer in the U.S., behind Opendoor, in purchase and sales transactions, according to an April 2021 report by Mike DelPrete, a real estate technology strategist. » MORE: What. Barbara Marquand writes for NerdWallet.

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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.