Mon.Nov 08, 2021

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Ed. Dept. Cancels Contracts With Private Collection Agencies

Account Recovery

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them. Instead, the accounts will be placed with five private contractors hired by the department last year to help provide customer support … The post Ed.

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How to Invest in Cryptocurrency Without Buying Any

Nerd Wallet

Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold. But it’s also hard to ignore some cryptocurrencies’ astounding performance: The price of. Alana Benson writes for NerdWallet.

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Judge Rules for Defendant in FDCPA Glassine Window Case

Account Recovery

There are no shortage of cases detailing the consequences of allowing an individual’s account number to be seen through the glassine portion of an envelope containing a collection letter, but a District Court judge in Illinois has settled the debate about what should happen when only a portion of an account number is visible through … The post Judge Rules for Defendant in FDCPA Glassine Window Case appeared first on AccountsRecovery.net.

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What Does the Mastercard-Bakkt Alliance Mean for Crypto Credit Cards?

Nerd Wallet

As traditional payment networks scramble to incorporate cryptocurrency into their offerings, a move by Mastercard could usher in an era when more credit card issuers offer rewards in the form of bitcoin and ether alongside cash back, points and miles. That could give consumers a way to passively earn a cryptocurrency just by using a. Gregory Karp 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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Illinois AG, IDFPR Reach Settlement With Payday Lead Generators

Account Recovery

The Attorney General of Illinois and the Illinois Department of Financial and Professional Regulation have reached a settlement with three online payday lending lead generators that will see them stop operating in the state without having a proper license. The AG and the IDFPR filed lawsuits against the companies — MoneyMutual LLC, PartnerWeekly LLC, and … The post Illinois AG, IDFPR Reach Settlement With Payday Lead Generators appeared first on AccountsRecovery.net.

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Daily Digest – November 8. Judge Rules for Defendant in Glassine Window Case; Ed. Dept. Cancels Contract with Private Collection Agencies

Account Recovery

JUDGE RULES FOR DEFENDANT IN FDCPA GLASSINE WINDOW CASE There are no shortage of cases detailing the consequences of allowing an individual’s account number to be seen through the glassine portion of an envelope containing a collection letter, but a District Court judge in Illinois has settled the debate about what should happen when only … The post Daily Digest – November 8.

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Smart Money Podcast: The Benefits of Being Boring With Your Money, and Why to Make a Will ASAP

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 the benefits of being boring with your money. Then we pivot to this week’s money question from Becky, who sent us an email: “I was wondering if you could discuss wills and trusts on. Liz Weston writes for NerdWallet.

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Compliance Digest – November 8

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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AirPods Black Friday 2021 Deals: Are They Worth It?

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Apple’s AirPods have ranked among the hottest holiday gifts the past couple of years, and their. Lauren Schwahn 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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Here’s How to Boost Your Credit after a Big Purchase Impacts Your Score

Credit Corp

Before you make a major purchase, like a home or car, you’ve probably put a lot of thought into the process. You might have worked to make sure your credit is in the best shape possible before you apply for a loan. Perhaps you’ve shopped around and compared interest rates to make sure you’re getting the best deal available on financing. Yet there’s one factor that many borrowers forget to consider before taking out a large loan–the impact it will have on your credit score.

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How to Refund a Payment on PayPal

Nerd Wallet

If you accept payments online, issuing a refund from time to time is an inevitable part of doing business. If you need to refund a PayPal transaction, you can do so in just a few steps from your “Activity” page: Choose the transaction. Select “Issue a refund.” Enter the refund amount. Select “Issue refund.” It. Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com.

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University gets help from top Debt Collection firm to educate students

UK debt collections

The UK’s largest University has called upon a leading UK Debt Collection Agency for help with course content for its students. It is seen a major boost in credibility for the industry and the acceptance of the role Debt Collection Agencies have to play in modern UK Business. The Open University is the UK’s largest academic institution and is the world’s leading distance learning option.

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Should You Bank With Your Brokerage?

Nerd Wallet

If you’ve invested with a brokerage firm in recent years, you may have noticed that your brokerage offers a product called a cash management account. These accounts are very similar to a checking or savings account and typically provide competitive interest rates, debit cards and other money management features. However, those services aren’t always standard.

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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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Daily Report: As NCAA Athletes Seek to Profit From New Endorsement Rules, Am Law 200 Firms Are Ready to Help

Burr Forman

By Jacob Polacheck. Daily Report (October 28, 2021 at 06:33 PM) — Since the NCAA’s June decision to allow student-athletes to profit off their name, image and likeness, law firms have found themselves with a new avenue for work as colleges, universities and student-athletes themselves are turning to lawyers for guidance on the new paradigm. To continue reading on Law.com , click here.

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Quitting Peloton? You Can Save Money, Even Back at the Gym

Nerd Wallet

The 2020 fitness industry was all about streaming classes to your living room, with some people purchasing fancy gym equipment like Pelotons for their homes, while others used rice bags, books and gallon water bottles as makeshift weights. But many gave up on that in 2021. While Peloton saw massive growth in 2020, the at-home. Sally French writes for NerdWallet.

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When in Doubt: A Trial Lawyer’s Call for Caution When it Comes to Remote Signings

McLane

States across the country took steps to permit remote execution of estate planning documents. In some instances, remote notarization and witness attestation are temporary conveniences, but as more drafters utilize these accommodations, the question becomes one of longevity: are these changes here to stay? And if so, the question for this attorney becomes one of risk as, surely, one size does not fit all.

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Best Credit Cards for Gamers

Nerd Wallet

A credit card can be the real-life equivalent of a level-up tool or weapon in your favorite video game — a master sword that can help you slash costs. This is true whether you’re looking to redeem rewards for games or save money on interest when buying a console. Ready, Player One? Here are some of the. Melissa Lambarena writes for NerdWallet. Email: mlambarena@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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8 Million Americans Are in Default With Their Student Debt

Collection Industry News

Source: site. Of the 43 million Americans who hold student debt, roughly a fifth were in default this summer, writes Sarah Sattelmeyer. Dreamstime. About the author: Sarah Sattelmeyer is the project director for education, opportunity, and mobility in the higher education initiative at New America. More than eight million Americans were in default on their student loans as of June.

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How Much Does Business Hazard Insurance Cost?

Nerd Wallet

Business hazard insurance costs a median of $63 per month, according to Insureon, a small-business insurance marketplace. That’s for a policy with a $60,000 limit and a median deductible of $1,000. Business hazard insurance is a term that is sometimes used interchangeably with business property insurance. It covers the cost of repairing or replacing property.

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Partner Tom Martin appointed to new position in New Jersey Community Associations Institute

Price Meese

As part of his Community Association Law practice, Partner, Thomas C. Martin, has been appointed to the Building Structural Integrity Committee of the New Jersey Community Associations Institute. The Building Structural Integrity Committee was formed to consider and propose legislation, inspections and regulations governing reserve funds and repairs to common element structural items in community associations in response to recent concerns about condominium building integrity and maintenance.

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How Does a Southwest Rapid Rewards Credit Card Work?

Nerd Wallet

If you’re going to travel on Southwest Airlines, it pays to have one of the airline’s credit cards. Cardholders automatically earn extra points on Southwest purchases, not to mention a bonus each year the card is renewed, amid myriad other benefits. So how does a Southwest Rapid Rewards credit card work? Here, we’ll go over. Lee Huffman writes for 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.

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State of Alabama Passes Law Governing COVID-19 Vaccine Exemption Requests

Burr Forman

On November 5, 2021, Alabama Governor Kay Ivey signed into law a bill governing COVID-19 vaccine exemption requests. The law is intended to provide safeguards to employees who refuse an employer-required COVID-19 vaccine, as long as that individual submits a completed exemption form to the employer. The provisions of the law are immediately effective.

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The MileagePlus Members’ Guide for United Flights to Vegas

Nerd Wallet

Are you planning a trip to the Las Vegas Strip? Well, if you’re considering one of the many United flights to Las Vegas, be prepared. It pays to know not only where you can fly from, but what to expect at the airport and how to know if you’re getting a good deal on award. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article The MileagePlus Members’ Guide for United Flights to Vegas originally appeared on NerdWallet.

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CFPB request for comment on Request for Big-Tech payment platforms

Public Citizen

On October 21, the Consumer Financial Protection Bureau ordered six large technology companies that operate payments systems in the United States -- Google, Apple, Facebook, Amazon, Square, and PayPal -- to provide information about certain of their business practices. The agency seeks the information to help it better understand how these companies use personal payments data and manage data access to users so the Bureau can ensure adequate consumer protection.  The CFPB has now published

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Biden Administration To Cut Ties With Debt Collectors For Student Loans

Collection Industry News

Source: site. The U.S. Department of Education said it is ending its relationship with private collection agencies that had been tasked with recovering payments from federal student loan borrowers in default to improve collections and provide borrowers with more support. Richard Cordray, chief operating officer of the department’s office of Federal Student Aid, said Thursday that collecting on defaulted loans would now be handled by five private contractors hired by the department last year to

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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.