Thu.May 20, 2021

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Appeals Court Affirms TCPA Ruling for Defendant Over Lack of Standing

Account Recovery

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Telephone Consumer Protection Act suit in which the District Court ruled the plaintiff lacked standing to sue because he never claimed anything other than a “bare procedural harm that resulted in no harm.” A copy of the ruling in the case … The post Appeals Court Affirms TCPA Ruling for Defendant Over Lack of Standing appeared first on AccountsRecovery.net.

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How to Find Products to Sell on Amazon

Nerd Wallet

Finding products to sell on Amazon is easy once you understand your sourcing options as an ecommerce seller. Wholesale products and made-to-order manufactured goods are what most startups and small businesses think of at first. However, these are just two of six very different methods when it comes to how to find products to sell on. Krista Fabregas writes for NerdWallet.

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Getting to Know Mindy Chumbley of Solverity

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Mindy Chumbley o

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What’s the Difference Between Copyright and Trademark?

Nerd Wallet

Is your business also a brand? Do you create original materials and assets for your business? If so, it’s likely you’ve considered how to protect your intellectual property—and therefore, you might be wondering about the difference between copyright vs. trademark. Ultimately, intellectual property and brand identity can be just as important as revenue when it comes.

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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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Industry ‘Well-Prepared’ to Comply with Reg F, Encore States in Comment to CFPB, As Advocacy Groups Urge Rule’s Overhaul

Account Recovery

A number of industry participants, as well as a group of consumer advocacy organizations have filed their comments on the Consumer Financial Protection Bureau’s proposal to delay the effective date of Regulation F by 60 days, pushing it out to January 29, 2022. And while the advocacy groups used their comments as an opportunity to … The post Industry ‘Well-Prepared’ to Comply with Reg F, Encore States in Comment to CFPB, As Advocacy Groups Urge Rule’s Overhaul appea

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Daily Digest – May 20. Getting to Know Mindy Chumbley of Solverity; Judge Grants MTD in FDCPA Case, Mentions Hunstein

Account Recovery

GETTING TO KNOW MINDY CHUMBLEY OF SOLVERITY While she wasn’t necessarily talking specifically about collections when she said it, Mindy Chumbley did an amazing job of encapsulating the dynamic that collectors face everyday when she said that “making friends out of enemies” is her favorite outcome. Mindy was talking about working with lawmakers to change … The post Daily Digest – May 20.

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The Checks That Could Change Your Financial Life

Nerd Wallet

Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan’s expansion of the child tax credit. The payments are scheduled to end in December, and it’s unclear whether they will be extended. But even six months of payments could make. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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Legal Service of Process Leader ProVest Celebrates 30th Anniversary

Account Recovery

TAMPA, Fla. – ProVest, an industry leader in serving legal process, is celebrating its 30th anniversary. In 1991 Scott Strady founded the firm with the vision to create a nationwide network of agents, down to the county level, to manage the entire process of service for law firms and banking clients. “Prior to ProVest, law … The post Legal Service of Process Leader ProVest Celebrates 30th Anniversary appeared first on AccountsRecovery.net.

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How to Start a Trucking Company

Nerd Wallet

When most people think about booming industries in the U.S., trucking might not be the first one that comes to mind. But one drive on an interstate should tell you all you need to know about the demand for trucking and haulage companies. If you’ve been thinking about starting a business of your own and. Brian O'Connor writes for NerdWallet. Email: wpguestuser+boconnor@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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Judge Grants MTD in FDCPA Case Over Settlement Language, Mentions Hunstein

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it informed the plaintiff in two collection letters that it was not obligated to renew settlement offers that were being made and because the inclusion of the defendant’s … The post Judge Grants MTD in FDCPA Case Over Settlement Language, Mentions Hunstein appeared first on AccountsRecovery.net.

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You’ve Inherited a Business… Now What? Next Steps, Dos, and Don’ts

Nerd Wallet

Small business owners often focus so much on the day-to-day responsibilities of running a company that they don’t give much thought as to what will happen after they step down. This can leave heirs of the business in an uncertain situation. A whopping 90% of American businesses are family-owned, but most of those businesses don’t. Priyanka Prakash writes for NerdWallet.

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CFPB Takes Action Against Auto Lender for Unfair Loss Damage Waiver Practices

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued a consent order today against 3rd Generation, Inc., doing business as California Auto Finance (California Auto) for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.

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The Property Line: Housing Shortage Hangs On; Price Crash Unlikely

Nerd Wallet

If for-sale signs in front yards were creatures, they would have the life span of fruit flies. Among homes sold in March 2021, 83% had been on the market for less than a month. Homes sell fast because there aren’t enough to accommodate every household that wants to own one. The shortfall was 3.8 million. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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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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Bankruptcy Court Dismisses NRA’s Ch. 11 Petition

PBWT

United States Bankruptcy Judge Harlin Hale recently dismissed the National Rifle Association’s Chapter 11 petition as not filed in good faith. The decision leaves the 150-year-old gun-rights organization susceptible to the New York Attorney General’s suit seeking to dissolve it. In August 2020, New York Attorney General Letitia James (the “NYAG”) filed a lawsuit seeking to dissolve the National Rifle Association (the “NRA”), a non-profit organized in New York.

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Should You Sign Up for Medicare If You’re 65 and Still Working?

Nerd Wallet

If you’re 65 or older, still working and are covered by employer health insurance, it can make sense to sign up for Medicare now. Enrollment might reduce your out-of-pocket costs. Millions find themselves in this situation. The proportion of Americans ages 65 to 74 who are working is projected to reach 30.2% in 2026, according. John Rossheim writes for NerdWallet.

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Business Asset Disposal Relief: Our Guide

Hudson Weir

Capital Gains Tax is an area of confusion for millions of people, with an array of tax reliefs, rates, eligibility criteria and regulations – including Business Asset Disposal Relief. But with the right advice, it doesn’t need to be so complex. Here we’ll explore the scheme previously called Entrepreneur Relief and renamed in the Finance Act 2020.

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How Many Americans Have Student Loan Debt?

Nerd Wallet

About 43 million Americans have federal student loans, according to the most recent data from the U.S. Department of Education. That means about 1 in 8 (12.9%) people in the United States carry student loan debt, per an analysis of census data. Total outstanding student loan debt is $1.74 trillion as of the first quarter. Anna Helhoski 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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FICO Integrates Fraud and Scam Detection in FICO Falcon Retail Banking 3.0 Model

Fico Collections

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. The two scores will allow banks to better differentiate strategies to deal with these distinct financial crime realities.

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How to Start a Business in New York: The Ultimate Guide

Nerd Wallet

BuzzFeed, WeWork, Etsy, Blue Apron: Other than snagging a spot in the coveted “unicorn” club, what each of these billion-dollar startups have in common are their roots in the great state of New York. And if you’re an ambitious New Yorker, you might be curious about the process of starting a business in New York yourself. Caroline Goldstein writes for NerdWallet.

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What Is A Stay Of Execution And How Do I Obtain One?

Hudson Weir

If served with a County Court Judgement (CCJ) , your business is facing a serious threat – one that can be worrying both professionally and personally. Failure to pay a CCJ may lead to the appointment of High Court Enforcement Officers (more commonly known as bailiffs) by the creditor. The bailiffs are then tasked with seizing assets from your business’ premises in order to recoup the debt via sale at auction.

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16 Important Legal Requirements for Starting a Small Business

Nerd Wallet

Starting a new business is a challenging pursuit. Part of what makes it so complicated is all the legal implications that come with starting a business. As a business owner, you want to make sure you have covered all your legal bases to avoid any fines, lawsuits, or—worst case—even jail time. Fortunately, there are plenty of. Priyanka Prakash writes for 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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U.S. House Passes Comprehensive Debt Collection Improvement Act

Burr Forman

On May 13, 2021, the U.S. House of Representatives passed H.R. 2547 (the “Comprehensive Debt Collection Improvement Act” or “CDCIA”). Originally introduced by House Financial Services Chairwoman Maxine Waters, the CDCIA’s primary purpose is to provide additional financial protections for consumers and place restrictions on debt collection activities by amending several consumer finance statutes.

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How to Start a Tow Truck Business

Nerd Wallet

If you’re ready to learn how to start a business that is focused on cruising the roads, helping drivers in their time of need, and handling heavy automobiles, then you might be ready to start a tow truck business. Right now is the perfect time to join the tow truck industry: The automobile towing industry brought. Dan Marticio writes for NerdWallet.

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Nashville Business Journal Recognizes Bill Penny in the “Best of the Bar” for 2021

Burr Forman

Nashville Partner Bill Penny has been recognized once again as Nashville Business Journal’s “Best of the Bar.” The award recognizes Nashville’s most talented and well respected legal professionals across a variety of practices. The “Best of the Bar” is chosen through a peer recognition process. After nominations close, the nominees participate in private voting and vote on one another.

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How to Travel to Chicago on Points and Miles

Nerd Wallet

Chicago, the Windy City, is the largest city in the Midwest. The Chicagoland tri-state area has a wide variety of museums, attractions and festivals — something to attract every type of traveler. Here’s your points and miles guide to Chicago. Getting to Chicago Nearest airports Figuring out how to get to Chicago with points and. Dan Miller 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.