Wed.Apr 28, 2021

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Daily Digest – April 28. Defendant in Hunstein Case Hires New Lawyer; Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case

Account Recovery

DEFENDANT IN HUNSTEIN CASE HIRES NEW LAWYER, WHO CONFIRMS EN BANC PETITION WILL BE FILED The defendant in the Hunstein case out of the Eleventh Circuit Court of Appeals has hired a new lawyer, who confirmed that the company will be filing a petition with the Court for an en banc rehearing of the case. … The post Daily Digest – April 28. Defendant in Hunstein Case Hires New Lawyer; Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case appeared first on AccountsR

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Going Green: An Update on Installing Electric Vehicle Charging Stations in Condominium Parking Areas

Jimerson Firm

In 2018, the Florida Legislature amended section 718.113 of the Florida Statutes to include a provision requiring that condominium associations allow unit owners to install electric charging stations in limited common element parking areas assigned to each unit owner. The statute does not apply to common element parking spaces. What’s the Difference?

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ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency

Account Recovery

The American Civil Liberties Union of Washington has filed a class-action lawsuit against Pierce County, Washington, accusing it of violating the constitutional rights of individuals by using private collection agencies to recover unpaid court debts. The suit, filed in Washington state court, was filed on behalf of a 56-year-old man who was in jail when … The post ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency appeared first on AccountsRecovery.net

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5 Key Credit Card Strategies for International Travelers

Nerd Wallet

Many of the perks and bonuses provided by credit cards are good only in the U.S. — a bummer for those Americans who don’t primarily travel domestically. Here are some tips and tricks for planning a smart credit card strategy if you frequently travel abroad. 1. Choose a card with no foreign transaction fees First. Elina Geller writes for NerdWallet. Email: egeller@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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CFPB Employees’ Union Raises Pay Discrimination Issue

Account Recovery

Does the Consumer Financial Protection Bureau have a racism problem? A report issued by the union representing employees at the regulator claims that Black employees are paid, on average, $20,000 less than their white counterparts, according to a published report. The union is calling on Rohit Chopra, who has been nominated to be the CFPB’s … The post CFPB Employees’ Union Raises Pay Discrimination Issue appeared first on AccountsRecovery.net.

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Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case Over Creditor ID in Letter

Account Recovery

In a case that was defended by Jin Shin and the team at Malone Frost Martin, a District Court judge in Illinois has reversed himself and granted a defendant’s motion for reconsideration, undoing class certification and summary judgment in favor of the plaintiff, and awarding summary judgment to the defendant in a Fair Debt Collection … The post Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case Over Creditor ID in Letter appeared first on AccountsRecovery.ne

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Overrated Travel Gear That You Should (Probably) Never Pack

Nerd Wallet

Just as the fitness industry wants to sell you equipment and supplements that you don’t actually need, the travel industry likewise promotes plenty of products that seem intriguing. If you’re new to travel, it’s easy to think you’ll need them, but in most cases, save your money — and room in your suitcase. Here are. Sally French writes for NerdWallet.

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Defendant in Hunstein Case Hires New Lawyer, Who Confirms En Banc Petition Will be Filed

Account Recovery

The defendant in the Hunstein case out of the Eleventh Circuit Court of Appeals has hired a new lawyer, who confirmed that the company will be filing a petition with the Court for an en banc rehearing of the case. Industry defense lawyer Rick Perr from Kaufman Dolowich & Voluck filed a notice of appearance … The post Defendant in Hunstein Case Hires New Lawyer, Who Confirms En Banc Petition Will be Filed appeared first on AccountsRecovery.net.

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5 Things to Know About the GO2bank Secured Credit Card

Nerd Wallet

The GO2bank Secured Credit Card can be an ideal option for those who want to build or repair their credit. While the $0-annual-fee card won’t offer much as far as traditional benefits or rewards go, it doesn’t require a credit check, and the security deposit is comparatively low. However, there’s no upgrade path once you’re. Funto Omojola 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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Company Directors banned for trading whilst insolvent

UK debt collections

Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients and make payments to themselves despite the company being insolvent. Independent Derivative Traders Ltd traded as Futex. They provided access to a financial markets trading platform for sub contracted independent traders in the UK.

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Elavon Review for 2021: Features, Pros, Cons, Pricing

Nerd Wallet

You could do worse than Elavon Merchant Services, but you could also do a lot better. As one of the largest merchant services providers in the U.S., Elavon offers a broad array of merchant services solutions for all types of businesses. But its reputation online is less than stellar due to surprise fees and poor. Matthew Speiser writes for NerdWallet.

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Will Becoming an Authorized User Help You Build Credit?

Credit Corp

Authorized users are secondary account holders on another’s credit account. It usually benefits those that have little credit history and are looking to build it. Being an authorized user means the account is yours to use, but you won’t be listed as the primary account holder. And therefore, you’re not responsible for bill payments. However, you get all credit benefits of the account, which, if done right, can help boost your credit score and credit in general.

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What’s the Average Parent PLUS Loan Debt?

Nerd Wallet

The average parent PLUS loan debt is $16,452, according to federal loan data analyzed by the Urban Institute, a Washington, D.C.-based think tank. The data, based on academic year 2017-18 and the most recent available, also show parent PLUS borrower debt totaled $12.8 billion overall. Parent PLUS loans are federal direct loans parents can use. Anna Helhoski 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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People in debt could get two month ‘breathing space’

UK debt collections

People who are in debt from credit cards, loans and other personal debt sources could be given ‘breathing space’ under new temporary measures the government has announced. The Debt respite scheme has been launched to help protect debtors in relation to a number of personal debts which include personal financial agreements and rent obligations.

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Miss the Boat on SPACs? It May Be for the Better

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. When a house party gets a little too rowdy, it’s only a matter of time before the police take notice. And when that party’s. Chris Davis writes for NerdWallet.

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Top 3 Benefits to Frugality

Debt Guru

Okay, it’s time to get real: Statistics show that most of us are WAY overspending. We’re either not saving enough to maintain a sufficient emergency fund or – even worse – spending more than we earn. In fact, the average American household spends 90% of its income. At the same time, wages across most sectors are pretty stagnant. Pay fell during the Great Recession of 2008, and most of us haven’t seen much of a rebound.

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SwipeSimple Review 2021: Pricing, Features, Top Alternatives

Nerd Wallet

SwipeSimple is a mobile POS system provided by payments technology provider CardFlight. It comes with a broad range of features that can serve both merchants on the go and merchants who sell behind a countertop. Plus, SwipeSimple partners with some of the top merchant account providers, giving you the flexibility to find a service that. Matthew Speiser 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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COVID Vaccine Fraud: Be Wary of the Scammers

Fico Collections

Around the world, COVID vaccination campaigns are ramping up, as leaders pledge to protect their citizens from the deadliest pandemic in a century. But despite Herculean logistics efforts worldwide , in some countries (and localities within the US), the vaccine is still hard to come by. People everywhere are anxious to get the COVID jab, and fearful of contracting the disease—two vulnerabilities that are among fraudsters’ favorites to exploit.

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IRS Form 4562 Instructions: The Complete Guide

Nerd Wallet

Knowing how to handle depreciation and amortization will help you maximize your business deductions come tax season — and IRS Form 4562 is the form you’ll need to do that. Learn how depreciation and amortization work, how to accurately depreciate your business properties and how to fill out and file IRS Form 4562. » MORE: Matthew Speiser writes for NerdWallet.

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FTC Requests Congress to Restore Consumer Redress After AMG Capital Management Decision

Troutman Sanders

The Federal Trade Commission (FTC) is acting swiftly to restore its authority to obtain consumer redress under Section 13(b) of the FTC Act after the Supreme Court’s recent decision in AMG Capital Management, LLC v. FTC , discussed in our blog post here , rejecting the agency’s longstanding position that Section 13(b) authorizes monetary remedies. In testimony before the House Energy and Commerce Subcommittee on Consumer Protection on April 27, the FTC asked Congress to pass legislation to re-es

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Wells Fargo Propel Pauses New Applications

Nerd Wallet

As of April 2021, the Wells Fargo Propel American Express® card isn’t available to apply for on the Wells Fargo website. A Wells Fargo spokesperson said the issuer has paused accepting new applications for the card. That action has no effect on existing cardholders, the spokesperson said. The $0-annual-fee Wells Fargo Propel American Express® card debuted.

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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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CFP: Global Forum for Financial Consumers

Public Citizen

We received the following call for papers: The 2021 Global Forum for Financial Consumers (GFFC). Organized by International Academy of Financial Consumers (IAFICO) Call for Papers (1 st )   August 6 th  ~ 7 th , 2021 Format: Online & onsite webinar Onsite venue: Seoul National Univ., Seoul, Korea Theme: Financial Consumer Protection Linking Theories & Evidences to Policy Practices.

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How to Travel to Atlanta on Points and Miles

Nerd Wallet

There are few cities more iconic in the Southern U.S. than Atlanta. As it’s been throughout its existence, the Georgia capital is frequently in a tug of war between preserving its history and reinventing itself — making it a fascinating place to visit. You can see Martin Luther King Jr.’s childhood home and the historic. JT Genter writes for NerdWallet.

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So Your Employee Wasn’t Selected in the H-1B Lottery… Now What?

Burr Forman

On March 30, 2021, USCIS announced completion of the initial FY2022 H-1B Cap-Subject lottery selection process. Beginning April 1st, those selected were eligible to start filing. But what if your employee was not selected? Even without an H-1B selection, there are numerous options still available so businesses can continue to employ valuable foreign national workers.

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Prepared Remarks of Acting Director Dave Uejio for the Asian Real Estate Association of America Housing and Diversity Conference

Consumer Finance

Acting Director Dave Uejio remarks at the Asian Real Estate Association of America Housing and Diversity Conference.

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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.