Mon.Mar 29, 2021

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Collector Facing Class-Action FDCPA Suit Over Validation Notice

Account Recovery

A Pennsylvania debt collector is facing a class-action lawsuit in New Jersey after it was accused of sending an initial communication that included a statement in the validation notice that said a dispute could be filed either verbally or in writing. A copy of the complaint in the case of Rodriguez v. Monarch Recovery Management … The post Collector Facing Class-Action FDCPA Suit Over Validation Notice appeared first on AccountsRecovery.net.

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ExtraCredit: The Most Comprehensive Credit Monitoring Tool on the Market

Credit Corp

ExtraCredit was created with one thing in mind: to create an all-encompassing credit monitoring product that puts the consumer first. Never before has there been such a comprehensive tool as ExtraCredit, and it was crafted with the goal of disrupting the saturated world of consumer finance. Credit can be complicated, which is why Credit.com set out to develop a tool that helps the hardest working Americans manage every aspect of their credit at an affordable price.

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Compliance Digest – March 29

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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5 Pandemic-Driven Financial Habits Worth Keeping

Nerd Wallet

As the pandemic shut down the world around her, Ashli Smith, an Atlanta resident and mom to a newborn, says she set up autopay for her recurring bills to help her stay organized and avoid late payments. “With everything going on, plus being a mom, I don’t want to forget to pay something or someone,”. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.

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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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Lawsuits Way Down, Complaints Way Up: WebRecon

Account Recovery

People sued less in February, but complained more, according to data released by WebRecon. The number of Fair Debt Collection Practices Act lawsuits is down 25% for the first two months of 2021, compared to the first two months of 2020, while the number of Fair Credit Reporting Act lawsuits is down 3%, and the … The post Lawsuits Way Down, Complaints Way Up: WebRecon appeared first on AccountsRecovery.net.

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Judge Grants MTD in FDCPA Case Over Communication Language

Account Recovery

If you’re about as old as I am, you may remember the TV show, “Cheers,” specifically mail carrier Cliff Claven, who, in a famous episode, appeared on Jeopardy! and, I won’t spoil it if you haven’t seen it, had one of the best all-time final jeopardy answers in history. A District Court judge in Utah … The post Judge Grants MTD in FDCPA Case Over Communication Language appeared first on AccountsRecovery.net.

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Nationwide Homeowners Insurance Review 2021

Nerd Wallet

One of the 10 largest U.S. insurers, Nationwide stands out for including coverage in its homeowners policies that would cost you extra elsewhere. Nationwide home insurance is available in most states and offers plenty of opportunities for discounts. Nationwide home insurance pros and cons ProsCons Offers some coverage standard that other companies charge extra forNot.

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Daily Digest – March 29. Judge Grants MTD in FDCPA Case; Collector Facing Class Action Over Validation Notice

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER COMMUNICATION LANGUAGE If you’re about as old as I am, you may remember the TV show, “Cheers,” specifically mail carrier Cliff Claven, who, in a famous episode, appeared on Jeopardy! and, I won’t spoil it if you haven’t seen it, had one of the best all-time final jeopardy … The post Daily Digest – March 29.

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Living With HIV? Life Insurance Is Available but Limited

Nerd Wallet

For decades, many people living with HIV were denied life insurance coverage, deemed too risky to insure. To this day, most life insurance applications ask applicants to answer “yes” if they are HIV-positive, and many companies deny coverage to those who do. But treatment for human immunodeficiency virus has greatly improved, and the 1.2 million. Ben Moore 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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Crown Asset Management Announces the Addition of Lisa Vee as Director of Operations

Account Recovery

Crown Asset Management, LLC (CAM), a professional receivables management firm located in Duluth, GA, announces the recent hire of Lisa Vee as Director of Operations. In this role, Lisa will work closely with senior management while managing CAM’s resources, ensuring that procedures are carried out properly while assisting with the development of the company’s long-term … The post Crown Asset Management Announces the Addition of Lisa Vee as Director of Operations appeared first on AccountsR

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Smart Money Podcast: Spring Cleaning and COVID Taxes

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 to spring clean your finances, including tidying up your digital life. Then, we pivot to this week’s question from Naomi, who left us a voicemail on the Nerd hotline: “I had a question. Liz Weston writes for NerdWallet.

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Judge Dismisses CFPB Suit Over Alleged Illegal Collection Practices

Account Recovery

A District Court judge in Delaware has dismissed a lawsuit filed by the Consumer Financial Protection Bureau that accused a student loan servicer and the debt collector it hired of engaging in deceptive collection practices, ruling that the regulator did not have the authority to file the lawsuits because it did so at a time … The post Judge Dismisses CFPB Suit Over Alleged Illegal Collection Practices appeared first on AccountsRecovery.net.

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Bank of America Business Checking: 2021 Review

Nerd Wallet

Bank of America offers two small-business checking accounts: Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking (formerly Business Fundamentals Checking and Business Advantage Checking). With 4,300 branch locations across 37 states, plus Washington, D.C., Bank of America’s business accounts are digital-friendly options for small-business owners who want some access to in-person banking.

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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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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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Is the JetBlue Plus Card Worth Its Annual Fee?

Nerd Wallet

JetBlue is a top-rated U.S. airline and its co-branded credit card from Barclays, the JetBlue Plus Card, offers many benefits useful for JetBlue flyers. But are all those benefits worth the $99 annual fee? Here’s how to decide if you can come out ahead with this card. Valuable perks of the JetBlue Plus Card Generous welcome offer. Dustin Waller writes for NerdWallet.

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District of Nevada Grants Motion to Dismiss Claim Alleging Attempts to Recover Collection Fees Violated the FDCPA

Troutman Sanders

In Ahmed v. Richland Holdings , No. 2:19-CV-1925 JCM (DJA) (D. Nev. Feb. 26, 2021), the District of Nevada dismissed a pair for claims under the Fair Debt Collections Practices Act (FDCPA), alleging that a debt collector had improperly sought to recover collection fees in the amount of 50% of the outstanding debts. The plaintiffs, Shafique Ahmed and Mayra Munoz, each entered into identical agreements to purchase furniture on credit.

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5 Underrated Reasons Why You Need the Citi Rewards+ Card

Nerd Wallet

A lot of credit cards pay you valuable points for making charges. But the Citi Rewards+® Card is the only card that automatically rounds up to the nearest 10 points on every purchase. And while an extra eight or nine Citi ThankYou points may not seem like a big deal, this is actually an underrated. Jon Nickel-D'Andrea writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Please Join Us For The AccountsRecovery.net Webinar, “Where Most FCRA Mistakes Are Made” on March 30, 2021

Troutman Sanders

David Anthony will be speaking during the “Where Most FCRA Mistakes Are Made” webinar hosted by AccountsRecovery.net. The webinar will take place on March 30, 2021 at 1:00 pm ET. The Fair Credit Reporting Act is the only statute in the ARM industry where consumers are filing more lawsuits, There are a number of issues that collection operations face with respect to the FCRA, which may lead to lawsuits being filed against them.

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How Much Is the Average Water Bill, and What Can I Afford?

Nerd Wallet

Water and other utilities are included in monthly rent payments for some tenants. But if you’re a homeowner or water services aren’t written into your lease agreement, it’s up to you to foot the bill. How much should you budget for water? Here’s how much you can expect to spend and how to keep water. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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Drive Safe: Cloud Data Storage Is Not Backup

NCBA Law Practice Management Blog

As much as I advocate for the use of cloud software by law firms, sometimes there can develop an over reliance on such tools by lawyers. Take, for example, cloud document storage. If you’re a law firm, and you’ve recently moved to a paperless office , adding your document files to a cloud drive system ( like Google Drive , Microsoft OneDrive or Dropbox ) may seem like the solution to all of your problems.

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Banking for the People

Prosperity Now

The recently enacted $1.

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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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Open Banking: Will COVID-19 Unleash a Pandemic of Fraud?

Fico Collections

In April of 2020, as COVID-19 proliferated across the globe, a 99-year-old former British army Captain began walking laps in his garden to raise money for the UK National Health Service (NHS). At the time, NHS was in a heated battle against the rapidly spreading virus, and Captain Tom ’ s heroics quickly pulled in more tha £30 million in donations. However, Captain Tom may have done much more than awaken a nation’s generosity; the website used to facilitate the donations encouraged donors to eng

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How to Travel to Portland, OR, on Points and Miles

Nerd Wallet

“Keep Portland Weird” has been a slogan that the city of Portland, Oregon, has lived by for years. Known for its hipsters, donut shops, music venues, food trucks and proximity to nature, Portland offers an amazing vacation for singles, couples and families alike. Here is your points and miles guide to Portland, where you’ll find. Jon Nickel-D'Andrea writes for NerdWallet.

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Bust Gender Bias and Rebalance Work at Home

Nerd Wallet

No matter how modern opposite-sex couples can be in their views on equality, old habits die hard. The COVID-19 pandemic has made this abundantly clear to parents who already struggled to find balance. According to the Federal Reserve Bank of Minneapolis, mothers and fathers both left the workforce earlier in the pandemic in April 2020, Sara Rathner writes for NerdWallet.

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