Fri.Jan 07, 2022

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Daily Digest – January 7. FDCPA Class-Action Accuses Collector of Overshadowing; NCLC Publishes State Law Guide

Account Recovery

FDCPA CLASS-ACTION COMPLAINT ACCUSES COLLECTOR OF OVERSHADOWING Does threatening to permanently disconnect an individual’s suspended cell phone service constitute overshadowing? That particular individual is alleging that it does, accusing a collector of violating the Fair Debt Collection Practices Act in a class-action lawsuit. NCLC PUBLISHES GUIDE OF STATE CONSUMER PROTECTION LAWS GOING INTO EFFECT IN … The post Daily Digest – January 7.

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Improve Your Accounts Receivable and Business Collections in 2022

Enterprise Recovery

Every year, we take a look back at the previous year's blog entries to learn more about what you, our readers, want to see. In 2020, we observed that our readers were interested in building out their own successful A/R departments and first-party collections efforts. We're here to help! Use the top accounts receivable and business collections posts of 2021 to increase cash flow in 2022.

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Commercial Collection Agencies of America Announces Board of Directors

Account Recovery

Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc., Jim … The post Commercial Collection Agencies of America Announces Board of Directors appeared first o

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Save for What Makes You Feel Good in 2022

Nerd Wallet

You probably know to plan and save for the big and boring expenses, aka financial needs. But what about the fun stuff? Expenses that don’t put a roof over your head, but do provide joy, rejuvenation and other hard-to-quantify benefits are worth saving for, too. In fact, they deserve their own account, says Delia Fernandez, Laura McMullen 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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NCLC Publishes Guide of State Consumer Protection Laws Going Into Effect in 2022

Account Recovery

The National Consumer Law Center has published a guide of all the state consumer laws that are currently scheduled to go into effect at some point in 2022, providing a handy reference to anyone who needs to be aware of such changes. For companies in the accounts receivable management industry, some notable items on the … The post NCLC Publishes Guide of State Consumer Protection Laws Going Into Effect in 2022 appeared first on AccountsRecovery.net.

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FDCPA Class-Action Complaint Accuses Collector of Overshadowing

Account Recovery

Does threatening to permanently disconnect an individual’s suspended cell phone service constitute overshadowing? That particular individual is alleging that it does, accusing a collector of violating the Fair Debt Collection Practices Act in a class-action lawsuit. A copy of the complaint in the case of Henry v. Convergent Outsourcing can be accessed by clicking here. … The post FDCPA Class-Action Complaint Accuses Collector of Overshadowing appeared first on AccountsRecovery.net.

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3 Easy Ways to Increase Your Annual Vacation Budget

Nerd Wallet

Having an annual vacation budget is a helpful way to know how much you can spend on trips and travel every year. If you would like to increase the amount of money you have available for vacations, this guide offers tips on creating a budget and three steps you can take to boost your vacation. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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FTC Publishes Biennial Report to Congress About Do Not Call Registry

Account Recovery

The Federal Trade Commission has published its biennial report to Congress detailing information about the national Do Not Call registry, which now has more than 244 million phone numbers on it, while also revealing that consumers filed more than 5 million complaints during the 2021 fiscal year, with robocalls being the source of the overwhelming … The post FTC Publishes Biennial Report to Congress About Do Not Call Registry appeared first on AccountsRecovery.net.

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NerdWallet Insurance Services, Inc. Licenses and Disclosures

Nerd Wallet

Last updated 7/2/20 NerdWallet Insurance Services, Inc., a Delaware corporation, is a licensed property and casualty insurance producer (broker/agent) in the District of Columbia and all states EXCEPT New York, as follows: License StateRegistered Entity Name License # AlabamaNerdWallet Insurance Services, Inc.764734 AlaskaNerdWallet Insurance Services, Inc.100132633 ArizonaNerdWallet Insurance Services, Inc.1800015257 ArkansasNerdWallet Insurance Services, Inc.100155330 CaliforniaNerdWallet.

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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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What Happens To Staff When A Company Goes Into Administration?

Hudson Weir

Knowing what happens to staff when a company goes into administration is very important, regardless of where you are in the process. For a business facing insolvency, administration can provide additional time to tackle debts and some breathing space from creditor claims. Typically ending within a year, several outcomes are possible including the company being returned to directors’ control, liquidated , or dissolved.

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How a Financial Therapist Can Help Shift Your Money Mindset

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Investing your money can be an emotional affair. On one hand, you might be excited about creating financial stability and building wealth. On the other hand, you might feel some.

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Client Alert: PCORI Fees Due by July 31, 2022!

Fraser

The Internal Revenue Service recently released Notice 2022-04 which sets forth the PCORI amount imposed on insured and self-funded health plans for policy and plan years that end on or after October 1, 2021 and before October 1, 2022. Background. The Patient-Centered Outcomes Research Institute (PCORI) fee is used to partially fund the Patient-Centered Outcomes Research Institute which was implemented as part of the Patient Protection and Affordable Care Act.

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Has the AmEx Platinum Turned Into a Glorified Coupon Book?

Nerd Wallet

The Platinum Card® from American Express raised its annual fee this year, and added a few more random discounts narrowly disguised as “statement credits.” We’re looking at you, Walmart+ and SoulCycle. With a massive $695 annual fee, is The Platinum Card® from American Express just a glorified coupon book? The card offers a long list. Meghan Coyle 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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Burr & Forman Names Eight New Partners Across Five Offices

Burr Forman

Birmingham AL – December January 6, 2022 – Burr & Forman LLP announces the election of eight attorneys to partnership, effective January 1. The new partners include Tala Amirfazli, John Carroll, Matthew Centeno, Meryl Cowan, Rachel Gilbert, Bill Lawrence, Armando Nozzolillo, and James Roberts. “Each new year presents an opportunity to promote and recognize the future leaders of our firm,” said Ed Christian, Partner, and CEO at Burr & Forman.

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Suit accuses "New York" Jets and Giants of false advertising because they play in NJ instead of for claim that they are professional football teams

Public Citizen

by Jeff Sovern. Story here. The joke is courtesy of my brother-in-law, Ray Conley.

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The COVID-19 Federal Student Loan Freeze Was Extended—What’s Next?

Credit Corp

Christmas came early for millions of federal student loan borrowers courtesy of the federal government. While the federal student loan freeze was set to unfreeze on January 31, 2022, with payments restarting in February, President Biden pointed to the continuing “impacts of the pandemic” as the primary reason for keeping federal student loan payments, interest accrual, and collections on defaulted loans on pause.