Account Recovery
AUGUST 3, 2020
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.
Nerd Wallet
AUGUST 3, 2020
August mortgage rates forecast Mortgage rates are likely to set record lows in August for the third month in a row. The 30-year fixed-rate mortgage averaged 3.18% APR in July, a record low in NerdWallet’s mortgage rate survey. The average rate tumbled 15 basis points compared with June, which at the time had the record. Holden Lewis is a writer at NerdWallet.
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Account Recovery
AUGUST 3, 2020
A District Court judge in Tennessee has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, agreeing that the defendant does not meet the definition of debt collector under the statute, in large part because the plaintiff’s agreement with the creditor spells out the exact nature of the relationship … The post Judge Grants MSJ for Defendant in FDCPA Case Because Debt Was Not in Default When Placed appeared first on AccountsRecovery.net
Credit Corp
AUGUST 3, 2020
Life can be unpredictable, and you never know exactly what you may need to spend money on tomorrow. In these situations, you may suddenly need more spending power on your credit cards than you previously anticipated. Fortunately, there are credit and charge cards that allow you to make the charges you need. If your credit score is good enough, you might be able to score an “unlimited credit card”—one without a preset spending limit.
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.
Account Recovery
AUGUST 3, 2020
The Consumer Financial Protection Bureau has filed its response to an order to show cause, arguing that a collection law firm should not be able to use the Supreme Court’s ruling in Seila Law v. CFPB to dismiss a lawsuit attempting to force the firm to respond to a Civil Investigative Demand letter. A copy … The post CFPB Argues Seila Law Ruling Shouldn’t Keep Collection Law Firm From CID Response appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
AUGUST 3, 2020
A Wisconsin hospital’s collections process drew the ire of a local union, which organized a protest yesterday to get the provider to stop “aggressively suing” patients with unpaid medical debts. The protest even made its way onto the local news in Western Wisconsin. It was organized by the Service Employees International Union, the largest health … The post Union Organizes Protest Against Wisc.
Nerd Wallet
AUGUST 3, 2020
Walk through an airport, step into a bank or just fire up your browser and you’ll likely be met with alluring offers for credit cards with seemingly too-good-to-be-true bonuses. Thousands of points over here! Hundreds of cash-back dollars over there! It can be tempting to rush right into these limited-time promotions without looking at the. Erin Hurd is a writer at NerdWallet.
Account Recovery
AUGUST 3, 2020
JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE BECAUSE DEBT WAS NOT IN DEFAULT WHEN PLACED A District Court judge in Tennessee has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, agreeing that the defendant does not meet the definition of debt collector under the statute, in large … The post Daily Digest – August 3.
Nerd Wallet
AUGUST 3, 2020
If you are considering the Hilton Honors American Express Card, you’ll want to know how to get the most from your new card. You’re probably already savvy to the basics that this card offers if you’ve done some research. However, if reading the fine print isn’t one of your hobbies, this guide will help you. Rand Shoaf is a writer at NerdWallet. Email: travel@nerdwallet.com.
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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.
Debt Recoveries
AUGUST 3, 2020
Section 51 of the Insurance Contracts Act 1984 (Cth) (“ICA”) has shown us that third parties who have a claim against an insured, are now provided with an avenue to make a claim directly against the insurer. However, case law has shown that third parties bringing a claim under section 51 of the ICA are not always successful. Section 51 of the ICA has been implemented for the purpose of providing justice to third parties who have a claim against the insured, in instances where the insured has die
Nerd Wallet
AUGUST 3, 2020
American Express has added another limited-time offer for Marriott cardholders during the prolonged fallout of the coronavirus pandemic. The new 10x spending bonuses reflect a change in the way people are traveling and spending right now, which means more road trips than airplane flights. Here’s what you need to know. The offer Now, cardholders of. Meghan Coyle is a writer at NerdWallet.
Troutman Sanders
AUGUST 3, 2020
Enforcement of the California Consumer Privacy Act (CCPA) began July 1, 2020. Our privacy team at Troutman Pepper includes several attorneys who worked in an attorney general’s office. This privacy regulatory team has identified six areas of enforcement likely to catch the California Office of the Attorney General’s (OAG) attention, which arguably holds sole regulatory enforcement authority under the Act.
Nerd Wallet
AUGUST 3, 2020
Federal student loan borrowers haven’t had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart. Automatic, interest-free forbearance provided by the first coronavirus relief package was not extended by the Health, Economic Assistance, Liability Protection and.
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?
Burr Forman
AUGUST 3, 2020
Reprinted with permission from the ABI Journal, Vol. XXXIX, No. 8, August 2020. An article written by Burr’s Richard Robinson and Russell Heller titled “Keep Your Friends Close, but Keep Your Critical Vendors Closer” is featured in the American Bankruptcy Institute Journal. The Seventh Circuit Court of Appeals’ 2004 decision in Kmart is the most frequently cited case on critical-vendor motions.
Nerd Wallet
AUGUST 3, 2020
Although United Airlines removed its region-based award charts, shifted to dynamic pricing and increased its redemptions by 10%, there is still value to be had in the carrier’s award program — you just need to know where to look. The Excursionist Perk, which is essentially a free one-way award on a multi-city itinerary, provides ample. Elina Geller is a writer at NerdWallet.
Burr Forman
AUGUST 3, 2020
In late July, the Environment and Natural Resources Division (“ENRD”) of the Department of Justice released a memo setting forth the Division’s policy for handling enforcement of civil Clean Water Act matters when a State has previously instituted a civil penalty proceeding under an analogous state law arising from the same operative facts. The policy reflects a cooperative federalism theme, which follows the current U.S.
Nerd Wallet
AUGUST 3, 2020
New payment options are coming to three American Express flagship cards. For starters, the issuer’s “Pay It Plan It” feature, which has been an option for some AmEx cards since 2017, is being extended to the following products: The American Express® Green Card. The American Express® Gold Card. The Platinum Card® from American Express. Pay It Plan. Melissa Lambarena is a writer at NerdWallet.
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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.
Burr Forman
AUGUST 3, 2020
*Reprinted with permission from the ABA TIPS Section Journal. Employers face a host of potential legal pitfalls as businesses that were closed in response to the COVID-19 pandemic reopen and new virus hotspots continue to emerge across the county. As guidance from state and federal agencies continues to evolve, it is important for employers to develop a plan to address both the legal and practical considerations for safely returning employees to work.
Nerd Wallet
AUGUST 3, 2020
If your personal fortune includes millions of dollars and a yacht or two, you may be the ideal candidate for working with a wealth advisor. Wealth advisors are the financial professionals whom affluent individuals often turn to when they need assistance managing their fortunes. Wealth advisor definition A wealth advisor is a type of financial. Alana Benson is a writer at NerdWallet.
Debt RR
AUGUST 3, 2020
It’s not uncommon for businesses to take on debt. Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Calls from a commercial debt collector can create an enormous amount of stress for many business owners. However, the reality is that working with them is simply a matter of open communication.
Nerd Wallet
AUGUST 3, 2020
Holders of some Chase travel credit cards might not be traveling much in late summer and early fall, but they can instead use those cards to earn more miles and points closer to home, at supermarkets and gas stations. The promotion is a response to shifts in household spending during the COVID-19 pandemic. From Aug. Gregory Karp is a writer at NerdWallet.
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.
Foster Swift
AUGUST 3, 2020
Once a Chapter 7 debtor receives a discharge of personal debts, creditors are enjoined from taking action to collect, recover, or offset such debts. However, unlike personal debts, liens held by secured creditors “ride through” bankruptcy. The underlying debt secured by the lien may be extinguished, but as long as the lien is valid it survives the bankruptcy.
Nerd Wallet
AUGUST 3, 2020
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of how to travel safely during the pandemic. In theory, airlines require masks, but they differ in how they enforce this. Also, some airlines are again selling middle seats, and fuller flights in general make. Liz Weston is a writer at NerdWallet.
Debt RR
AUGUST 3, 2020
Business debt is a crucial part of any company’s financial portfolio. Debt can help businesses stretch their cash flow while ensuring they have the capital for critical expenses. It can also help some businesses grow by freeing up cash for other endeavors. That debt, though, has to be managed so it doesn’t get out of control. That’s why business owners and finance managers calculate the debt ratio.
Nerd Wallet
AUGUST 3, 2020
Car ownership can take a significant bite out of your household budget, especially if you have a long commute. But the BuyPower Card from Capital One® earns rewards that can lower not just the cost of buying or leasing a new car, but also the cost of maintaining it. Unlike typical cash-back cards, however, you. Sara Rathner is a writer at NerdWallet.
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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.
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