Fri.Sep 02, 2022

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Collector Facing FDCPA Class Action Over Contradictory 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 Collector Facing FDCPA Class Action Over Contradictory Letters appeared first on AccountsRecovery.net.

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How to Stop Wasting Time in Your Business

Enterprise Recovery

Businesses have had to run leaner in recent years - something that startups know all about. A lean business is one that maximizes value with its resources and minimizes waste. People, money, and time are the most valuable resources in organizations. Maximizing time saves money and encourages your workforce to feel as if they're giving their best to their jobs.

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Daily Digest – September 2. Collector Facing FDCPA Class Action Over Contradictory Letters; Appeals Court Overturns Arbitration Denial

Account Recovery

COLLECTOR FACING FDCPA CLASS ACTION OVER CONTRADICTORY LETTERS The plaintiff received two letters that included different statements related to credit reporting. The letters were sent three years after the defendant had indicated it was ceasing collection activity on the accountThis content is sponsored by WebRecon. More details here. APPEALS COURT OVERTURNS LOWER COURT’S DENIAL OF … The post Daily Digest – September 2.

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Don’t Let Money Rules of Thumb Get You Down

Nerd Wallet

Put 20% down when buying a home. Don’t spend more than 30% of your income on housing costs. Keep child care expenses below 10% of your annual household income. These money rules of thumb can be useful guardrails, helping you allocate spending and determine what’s affordable. They can also be incredibly defeating when they feel. Kelsey Sheehy 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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CFPB Examines Debt Issues for People Living in Appalachia

Account Recovery

Individuals living in the 13 states that make up the Appalachian region are more likely to have medical debt than individuals living in the rest of the United States and those with medical debts have double the delinquency rates on other credit products, according to a research report issued yesterday by the Consumer Financial Protection … The post CFPB Examines Debt Issues for People Living in Appalachia appeared first on AccountsRecovery.net.

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Appeals Court Overturns Lower Court’s Denial of Arbitration Motion

Account Recovery

It is not the job of a Court to determine whether a matter needs to be arbitrated or not — it is the job of an arbitrator to do that, according to the Court of Appeals for the Third Circuit, which overturned a lower court’s denial of a motion to compel arbitration in a Fair … The post Appeals Court Overturns Lower Court’s Denial of Arbitration Motion appeared first on AccountsRecovery.net.

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Is TSA PreCheck Worth It?

Nerd Wallet

Few things are as easy on the eyes as the following two magical words printed on your boarding pass: “TSA PreCheck.” The phrase means a smoother, and oftentimes faster, security procedure, which is usually one of the most painful airport experiences (besides buying the most expensive bottled water you’ve ever seen). However, time is money, Anya Kartashova writes for NerdWallet.

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Five Stories that Matter in Michigan This Week – September 2, 2022

Fraser

President Biden Announces Student Loan Forgiveness. On Wednesday, August 24, President Biden announced the federal government will extend the current pause on monthly student loan payments. President Biden also stated that the federal government plans to forgive up to $20,000 worth of student loan debt for those who qualify. Why it Matters: President Biden is relying on the HEROES Act of 2003 [20USC 1098bb] to extend the pause on student payments as well as forgive certain amounts of student loa

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EIN vs. ITIN vs. SSN: What Business Owners Need to Know

Nerd Wallet

Most small business owners have an employer identification number and a Social Security number. This allows the IRS to identify and account for their business entities. Obtaining these numbers also ensures individuals remain in compliance with tax laws. However some people may have an individual taxpayer identification number instead. Which numbers you have largely comes.

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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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District Court Rules In Favor of TrueAccord

True Accord

A reply email with notice of attorney representation applies only to the individual account. A new District Court opinion weighs in on digital debt collection efforts, making clear that a notice of attorney representation provided in reply to an email about an account only applies to that specific account. In Tamika Gilbert v. TrueAccord Corp. , Case No.: 1:21-cv-00486, the United States District Court for the Eastern District of Illinois, dismissed the case in favor of TrueAccord.

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What to Buy (and Skip) in September 2022

Nerd Wallet

Thanks to seasonal retail cycles, products tend to go on sale at the same time each year. September is known for blowout deals on select products like mattresses. Much like in 2021, supply chain challenges stemming from the pandemic still loom large this year. And let’s not forget about inflation. But, in a bit of. Tommy Tindall writes for NerdWallet.

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3 Trends in B2B Credit: Podcast

NACM

? This week's episode of NACM's Extra Credit podcast hits 3?? major trends in the B2B credit world!1. The manufacturing sector is indicating recession conditions, according to the latest CMI report. Hear from Amy Crews Cutts;2. Commercial bankruptcy lawyers discuss the latest trends. Hear from Sharon Beausoleil;3. and how to make an argu.

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The Hardest Miles to Earn — and Why They’re Worth Trying to Get

Nerd Wallet

When flying United Airlines, most travelers default to earning miles through United’s MileagePlus loyalty program. However, I credit all of my United Airlines and Star Alliance flights to the loyalty program of an airline that I’ve never flown: Asiana Airlines. Why’s that? Asiana Club miles are much more valuable to me than United miles. After. JT Genter 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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How to Get Into a Priority Pass Lounge Before Your Flight

Nerd Wallet

These days, arriving early to the airport is a must, so having access to a lounge where you can relax with a drink, snacks and a quiet place to work is key. If you have club memberships to airline lounges like the Admirals Club or Delta Sky Club, you’ll want to make sure that you. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article How to Get Into a Priority Pass Lounge Before Your Flight originally appeared on NerdWallet.

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How to Incorporate a Business

Nerd Wallet

Incorporation is the process of registering your business as a corporation. Incorporating a business will differ based on which state you’re doing business in, and whether you’re launching a brand-new corporation or converting another business entity to a corporation. S-corporations and C-corporations are the two main types of corporations. You can switch from a C-corp.

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