Tue.Aug 02, 2022

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State AGs Call on Administration to Extend PSLF Forgiveness Waiver

Account Recovery

A group of nearly two dozen state Attorneys General have written a letter to President Biden and Education Secretary Miguel Cardona, asking them to extend the deadline for individuals to file claims under the Public Service Loan Forgiveness (PSLF) program, arguing that too many eligible candidates are still unaware or confused by the waiver. A … The post State AGs Call on Administration to Extend PSLF Forgiveness Waiver appeared first on AccountsRecovery.net.

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The Ethereum Merge Is Coming: What It Means for You

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The Ethereum merge is the moment when the network switches from using a proof-of-work consensus mechanism to proof-of-stake.

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Class-Action Accuses Collector of Violating FDCPA Through Discount Language in Letter

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 Class-Action Accuses Collector of Violating FDCPA Through Discount Language in Letter appeared first on AccountsRecovery.net.

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Can You Convert Chapter 13 to Chapter 7?

Sawin & Shea

No matter who you are, bankruptcy can be an incredibly stressful process—but it doesn’t have to be. We understand what it’s like to be drowning in your finances and are here to help. One question we get a lot from many of our clients when they are filing for bankruptcy or have already filed is, “Can I convert Chapter 13 to Chapter 7?” . Unfortunately, there is no one answer to this question, as it can vary on a case-by-case basis.

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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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Daily Digest – August 2. Discount Language in Letter Leads to Class-Action; Judge Grants MSJ for Defense Over Tax Language

Account Recovery

CLASS-ACTION ACCUSES COLLECTOR OF VIOLATING FDCPA THROUGH DISCOUNT LANGUAGE IN LETTER A class-action complaint has been filed against a debt collector for allegedly violating the Fair Debt Collection Practices Act because of the language it used in a letter offering the plaintiff opportunities to repay the debt by making less than a payment in full. … The post Daily Digest – August 2.

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Judge Grants Defendant’s MSJ In FDCPA Class over Tax Reporting Language in Letter

Account Recovery

Despite making many arguments to the contrary, a District Court judge in New Jersey has granted summary judgment to the defendant in a Fair Debt Collection Practices Act case, ruling the plaintiffs now lack standing to sue in federal court, even though a class had previously been certified in the case. A copy of the … The post Judge Grants Defendant’s MSJ In FDCPA Class over Tax Reporting Language in Letter appeared first on AccountsRecovery.net.

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What Is a Market Adjustment on a Car?

Nerd Wallet

A market adjustment on a new car is simply added profit. The dealership believes demand for the vehicle supports a price higher than the manufacturer-suggested retail price on the government-mandated Monroney window sticker. The practice goes by several other names: Added dealer markup, or ADM. Added dealer profit, or ADP. Adjusted market value. You’ll find.

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Nursing Homes Suing Friends and Family of Residents to Recover Unpaid Debts: Report

Account Recovery

As part of its ongoing investigation into how medical debts affect individuals across the country, Kaiser Health News (KHN) and National Public Radio (NPR) have published an article that details how some nursing homes are filing lawsuits to collect on unpaid debts, and the friends and family members of those living in the homes are … The post Nursing Homes Suing Friends and Family of Residents to Recover Unpaid Debts: Report appeared first on AccountsRecovery.net.

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5 Things to Know Before You Start Earning Capital One Miles

Nerd Wallet

Capital One has done its best to make its reward program — Capital One Miles — competitive with other card issuers. Along with launching new cards, Capital One has added new transfer partners and revamped its transfer ratios over the last few years. If Capital One Miles have caught your eye and you’re considering investing. Carissa Rawson 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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Proposed New Data Security Rules Could Prove Duplicative, Forcing Banks to Turn Over Dangerous Amounts of Secured Data

Troutman Sanders

An amendment to the National Defense Authorization Act passed by the House in July would create a “systemically important entity” designation, applying new regulations and offering priority aid to certain critical infrastructure companies. But the American Bankers Association and Bank Policy Institute say the amendment as applied to financial institutions would duplicate existing regulations under the Dodd-Frank Act, while also requiring the turnover of a substantial amount of cybersecurity-rela

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Stocks Today: Top Gainers and Losers

Nerd Wallet

The top stocks today may look great right now, but it’s possible they may be the worst stocks tomorrow. Some of the stocks below are penny stocks, which are stocks that trade for less than $5 per share. Because of their low price, it can be enticing for investors to buy lots of shares in. Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.

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WSJ: Equifax Sent Lenders Inaccurate Credit Scores on Millions of Consumers

Public Citizen

Here but paywalled. Excerpt: * * * The scores were sometimes off by 20 points or more in either direction, the people said, enough to alter the interest rates consumers were offered or to result in their applications being rejected altogether. * * *. “We have determined that there was no shift in the vast majority of scores during the three-week timeframe of the issue,” Sid Singh, president of Equifax’s U.S.

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Travel Insurance for Australia: What to Know

Nerd Wallet

Now open to tourists after two years of pandemic-related closures, Australia is back on many travelers’ wish lists, and for good reason. Whether you’re interested in surfing on the Gold Coast, taking a road trip through the Outback or diving along the Great Barrier Reef, there are a lot of options to consider. But with. Carissa Rawson 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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Shipping Costs Rise Even as Demand Drops

NACM

Although consumer demand is starting to soften, shipping prices are bolstered by container shortages and port congestion, said Lori Ann LaRocco, CNBC senior editor, during a news report. "East Coast [port] congestion has created a floor in prices at around the $9,000 range," she said. "Because congestion takes boxes out of the supply for future use.

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Where You Can Fly Business Class in Lie-Flat Seats

Nerd Wallet

In the past decade, many airlines have significantly improved business and first class offerings — particularly on long-haul international flights. From United Airlines to Qatar Airways, several airlines introduced excellent new business class seats that fully recline into lie-flat beds. Best of all, you can sometimes fly in these business class lie-flat seats on flights.

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Which Is Better: Alaska Airlines vs. JetBlue Airways

Nerd Wallet

There are so many airlines flying across the country these days, that it can be difficult to parse which one is best. While most people are familiar with bigger companies like American Airlines or Delta Air Lines, some of the smaller ones — including Alaska Airlines or Jetblue Airways — may still be a bit. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.

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