Mon.Nov 29, 2021

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Daily Digest – November 29. Judge Grants MTD in FDCPA Case; Series Finale of ‘You Wanted a Rule, You Got a Rule’

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER USE OF WORD ‘SUMMONS‘ A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act when one of its representatives used the word “summons” during a conversation with the plaintiff, who had been sued … The post Daily Digest – November 29.

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Small business needs you every day, not just Saturday

American Profit Recovery

Many small businesses took a beating during COVID-19. At the far end of the spectrum, numerous small retail shops and restaurants closed for good and those that did survive through the pandemic suffered tremendous losses that they now need to work day and night to make up for. And now with immense challenges in the supply chain which currently have no end in sight, small businesses are struggling once again in how they meet the demands of consumers.

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3M New Names on DNC List; 1M More Robocall Complaints: FTC

Account Recovery

Nearly 3 million additional people added their phone numbers to the national Do Not Call registry during the 2021 fiscal year, which ended September 30, according to data released by the Federal Trade Commission just before Thanksgiving last week, bringing the total number of actively registered numbers on the list to more than 244 million. … The post 3M New Names on DNC List; 1M More Robocall Complaints: FTC appeared first on AccountsRecovery.net.

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Mortgage Outlook: Rates Heading North in Late December

Nerd Wallet

December mortgage rates forecast I expect mortgage rates to rise modestly in December, especially toward the end of the month. As we approach the end of 2021, bond traders will cash out so they can take a few days off without worrying about having to react to abrupt price changes. When the traders sell their. Holden Lewis writes for NerdWallet. Email: hlewis@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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Judge Grants MTD in FDCPA Case Over Use of Word ‘Summons’

Account Recovery

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act when one of its representatives used the word “summons” during a conversation with the plaintiff, who had been sued by the defendant to recover an unpaid debt. A copy of … The post Judge Grants MTD in FDCPA Case Over Use of Word ‘Summons’ appeared first on AccountsRecovery.net.

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NY DFS Proposes Reg to Curb Surprise Medical Bills

Account Recovery

The New York State Department of Financial Services has issued a proposed regulation that aims to protect consumers who are provided misinformation about whether healthcare providers are part of their insurance network. The proposed regulation is an attempt, being promoted by consumer advocacy groups, to reduce what are known as surprise medical bills, which occur … The post NY DFS Proposes Reg to Curb Surprise Medical Bills appeared first on AccountsRecovery.net.

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How to Travel to Toronto on Points and Miles

Nerd Wallet

With its proximity to Niagara Falls and stunning skyline abutting Lake Ontario, Toronto has long attracted visitors. However, thrifty travelers can enjoy a trip to Canada’s most populous city for a reduced price with the help of credit card rewards. Here’s how to travel to Toronto with points and miles. Getting to Toronto Nearest airports. Anya Kartashova writes for NerdWallet.

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Compliance Digest – November 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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The Best Credit Cards for Las Vegas

Nerd Wallet

Famous for its excess, Las Vegas is home to just about anything you can imagine. Want waves lapping gently against a white-sand beach? You’ve got it. How about a roller coaster almost a thousand feet off the ground? Check. But perhaps even more memorable than its glitzy temptations are the costs of vacationing in Vegas. Carissa Rawson 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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Bedard Breaks Down Remaining Sections of Regulation F in Series Finale of ‘You Wanted a Rule, You Got a Rule’

Account Recovery

After 35 episodes and nearly eight hours of in-depth analysis, we have reached the end of the line. The series finale of “You Wanted a Rule, You Got a Rule.” In the last episode of the series, John Bedard of Bedard Law Group breaks down the last three sections of Regulation F — Sections 1006.100, … The post Bedard Breaks Down Remaining Sections of Regulation F in Series Finale of ‘You Wanted a Rule, You Got a Rule’ appeared first on AccountsRecovery.net.

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Smart Money Podcast: Travel Tips, and Finding the Right Financial Advisors

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. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about holiday travel.

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1 in 3 Businesses see late payment as biggest threat to survival

UK debt collections

Late payments are threatening the survival of British businesses. In-depth analysis by invoice finance provider, Time Finance has revealed some startling truths. Uncovering the shocking impact of late payments, analysis has found that challenges with cashflow and restricted growth ambitions were the direct effects of unpaid invoices. For 70% of SMEs, late payments are a reoccurring issue leading to more severe consequences with over 40% worrying about their own cashflow as a result.

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So You Want a New Job? Here’s How to Retrain

Nerd Wallet

The tens of millions of workers who have left their jobs in the “Great Resignation” — 4.4 million in September alone, according to the Bureau of Labor Statistics — won’t necessarily need to retrain before they land their next job. But those who want a new career entirely may find little financial help and social. 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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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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Just-in-Time Inventory: What Is It and Which Businesses Should Use It?

Nerd Wallet

Just-in-time inventory is a supply management strategy that schedules products and materials to arrive as they are needed to fulfill orders. This reduces how much inventory is kept on hand and can help small businesses reduce waste, save space and improve cash flow. Instead of ordering a large volume of items, businesses make smaller, more. Whitney Vandiver writes for NerdWallet.

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Wisconsin Enacts Insurance Data Security Law Requiring Notification of Cybersecurity Incidents to Insurance Commissioner Within Three Business Days

Troutman Sanders

Entities that collect Wisconsin residents’ personal information and are licensed, registered, or authorized (licensee) with the Office of the Commissioner of Insurance (commissioner) will have to abide by a new data security law (Wisconsin’s Insurance Data Security Law), which came into force on November 1. This bill had previously been introduced in the 2019-2020 legislative session and was passed by the assembly before COVID-19 shortened the legislative session.

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Meeting the Customer Affordability Challenge at Speed and scale

Fico Collections

Many lenders’ back-offices continue to be weighed down by legacy customer affordability systems. Updating them to meet rapidly changing market conditions has become hugely time-consuming and a typically onerous challenge. But there are quick wins when it comes to ensuring the adoption of true customer-centricity. The notion of affordability has evolved and increased in sophistication during the past 30 years as businesses refined and improved their models.

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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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The Impact of Inflation on Small Businesses

Nexa Collect

As the world adjusts to a new normal after the coronavirus pandemic, the economy has begun to make its own adjustments, as well. The pandemic made the transportation of goods more difficult and the cost of labor higher than it has been in years. Few workers have been available to gather and ship materials, causing the goods to become more challenging to obtain.