Tue.Jan 31, 2023

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Law Firm Facing Reg F, FDCPA Class Action Over Conflicting Info in Email, Letters

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 Law Firm Facing Reg F, FDCPA Class Action Over Conflicting Info in Email, Letters first appeared on AccountsRecovery.net.

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CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off a junk fee protected by an immunity provision that allows issuers to escape scrutiny of otherwise illegal late fees.

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California DFPI Announces Enforcement Actions Against Five Collection Operations

Account Recovery

The California Department of Financial Protection & Innovation yesterday announced it has sent desist-and-refrain orders to five different collection operations, accusing them of operating in the state without applying for a license and other unlawful and deceptive acts and practices. The five operations are: Amherst and Associates Clayton Banner and Associates SARS Solutions Marvin, McCall … The post California DFPI Announces Enforcement Actions Against Five Collection Operations firs

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PDCflow Releases Card Verify for Credit Card Transaction Authentication

PDC Flow

Validating credit card information before a transaction is submitted can eliminate failed payments. To help merchants ensure card data is accurate before a transaction is processed, PDCflow announces the new Card Verify feature. Card Verify Benefits Companies with too many failed credit card payments lose out on revenue and waste staff time contacting customers for alternative card numbers.

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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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Judge Dismisses FDCPA Class Action for Lack of Standing

Account Recovery

A District Court judge in New Jersey has dismissed a Fair Debt Collection Practices Act class-action, ruling the plaintiffs lack standing to sue because they did not suffer a concrete injury when the defendant left voicemails using its official company name after sending letters to the plaintiffs using a different company name. The defendant had … The post Judge Dismisses FDCPA Class Action for Lack of Standing first appeared on AccountsRecovery.net.

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Robot Lawyer Pivots to Consumer Rights Areas

Account Recovery

A company that built what it billed as the world’s first robot lawyer is now pivoting away from that following threats of jail time for the company’s owner and is instead focusing its technology on other areas, including a couple that involve the accounts receivable management industry. When I mention the company name DoNotPay, you … The post Robot Lawyer Pivots to Consumer Rights Areas first appeared on AccountsRecovery.net.

Lawyers 130
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Most Tax Filers Work to Slash Their Bill, Embrace Green Credits

Nerd Wallet

Andrew Marder writes for NerdWallet. Email: amarder@nerdwallet.com. The article Most Tax Filers Work to Slash Their Bill, Embrace Green Credits originally appeared on NerdWallet.

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Daily Digest – January 31. Law Firm Facing Class Action; DFPI Announces Enforcement Actions

Account Recovery

LAW FIRM FACING REG F, FDCPA CLASS ACTION OVER CONFLICTING INFO IN EMAIL, LETTERS A class-action complaint has been filed in federal court in Texas accusing a collection law firm of violating Regulation F and the Fair Debt Collection Practices Act by sending two letters and an email on consecutive dats that allegedly contained conflicting … The post Daily Digest – January 31.

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NerdWallet Compares the Best Small Cities to Spend Your Retirement Savings

Nerd Wallet

Courtney Miller writes for NerdWallet. Email: courtney.miller@nerdwallet.com. The article NerdWallet Compares the Best Small Cities to Spend Your Retirement Savings originally appeared on 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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Illinois Federal Court Dismisses FDCPA Claim for Lack of Article III Standing

Troutman Sanders

Federal courts across the country continue to divest themselves of Fair Debt Collection Practices Act (FDCPA) cases following the Supreme Court’s salient Article III standing decision in TransUnion LLC v. Ramirez. The Southern District of Illinois is no exception, with a court in that district recently dismissing an FDCPA action for lack of standing alleging contact with a consumer after the debt collector received notice that the consumer was represented by an attorney.

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Big Life Changes Could Spell Big Shifts in 2022 Tax Outcomes

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Big Life Changes Could Spell Big Shifts in 2022 Tax Outcomes originally appeared on NerdWallet.

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Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

If you are struggling to pay your debts, you have a number of options at your disposal. You can approach your creditors for a waiver or negotiate a repayment plan that will work for you. If these options are not possible, you may consider filing for bankruptcy. No matter how you handle it, bankruptcy can have a lasting impact on your life. If you handle it right, bankruptcy can give you the relief you need to get back on your feet financially.

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Financial Fees Could Cost Americans $1.1 Million Over Their Lifetime

Nerd Wallet

Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com. The article Financial Fees Could Cost Americans $1.1 Million Over Their Lifetime originally appeared on 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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Hiring for Florida Banks and Credit Unions: A Summary of Background Checks and Other Information Required to Comply With Various Regulatory Schemes

Jimerson Firm

Banks and credit unions should not only routinely require, but also closely scrutinize, criminal background checks during the hiring process in order to maintain compliance with applicable regulatory schemes. As lenders and depositories, banks and credit unions are subject to numerous regulatory schemes under both federal and Florida law. This article does not aim to analyze all potential regulatory schemes.

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How Delta Choice Benefits Work

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article How Delta Choice Benefits Work originally appeared on NerdWallet.

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Noncompete Agreements: Protecting Referral Relationships as Legitimate Business Interests

Jimerson Firm

Referral relationships are a valuable business asset that can be difficult to protect with noncompete agreements. Depending on whether your company is seeking to enforce a noncompete agreement or defend against its enforcement, that difficulty can act to your detriment or in your favor. However, Florida courts have evaluated referral relationships as legitimate business interests and established a framework to navigate in your company’s best interests.

Trade 52
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Millennial Parents Outpace Gen X, Boomer Parents on Retirement Savings

Nerd Wallet

Arielle O'Shea writes for NerdWallet. Email: aoshea@nerdwallet.com. Twitter: @arioshea. The article Millennial Parents Outpace Gen X, Boomer Parents on Retirement Savings originally appeared on 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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Security Personnel as Independent Contractors – Part I: What Makes an Individual an Independent Contractor Instead of an Employee?

Jimerson Firm

When someone hired by the company commits a wrong, the company’s potential exposure to liability varies greatly depending on whether the individual is classified as an “employee” or an “independent contractor.” In high-risk fields of service, like those involving security, “bouncers,” or other fields which may require a company to physically contact its customers, companies should pay careful attention to their corporate policies to understand the company’s potential exposure in the event of an

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The Guide to Princess Dining at Disney World

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article The Guide to Princess Dining at Disney World originally appeared on NerdWallet.

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Security Personnel as Independent Contractors – Part Ii: What Liability Is Incurred to the Company From Accidents Involving Independent Contractors?

Jimerson Firm

When someone hired by the company commits a wrong, the company’s potential exposure to liability varies greatly depending on whether the individual is classified as an “employee” or an “independent contractor.” In high-risk fields of service, like those involving security, “bouncers,” or other fields which may require a company to physically contact its customers, companies should pay careful attention to their corporate policies to understand the company’s potential exposure in the event of an

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How Does a Car Insurance Deductible Work?

Nerd Wallet

Drew Gula writes for NerdWallet. Email: dgula@nerdwallet.com. The article How Does a Car Insurance Deductible Work? originally appeared on 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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Traditional Contract Principles Impacting Enforcement of Noncompete Agreements in Florida

Jimerson Firm

Florida law imposes many requirements on parties attempting to enforce noncompete agreements—some of which can be commonly overlooked. As outlined in the article below, Section 542.335, Florida Statutes, imposes the familiar requirements that can take substantial time and resources to satisfy. In that effort to satisfy the statutory requirements, foundational contract requirements established by Florida common law risk being overlooked by less-than-diligent plaintiffs who fail to recall the fund

Trade 52
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3 Ways to Save Money When Buying a Car

Nerd Wallet

Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com. The article 3 Ways to Save Money When Buying a Car originally appeared on NerdWallet.

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Commercial Collection Agencies of America Gives Back

Collection Industry News

Contact: Annette M. Waggoner; awaggoner@commercialcollectiongenciesofamerica Commercial Collection Agencies of America Gives Back January 25, 2023-Chicago-Commercial Collection Agencies of America announced that through its initiative, Commercial Collection Agencies of America Gives Back , a portion of the proceeds of its annual conference along with individual members’ donations, have been given to the Bone Marrow & Cancer Foundation.

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Credit Card Data

Nerd Wallet

NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com. The article Credit Card Data originally appeared on 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.