Mon.Aug 23, 2021

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Ed. Dept. Announces Automatic Student Loan Cancellation For Disabled Borrowers

Account Recovery

The Department of Education has announced that 323,000 individuals who have a total and permanent disability will have their unpaid student loans automatically discharged without having to file any paperwork or applications. The discharges will wipe out $5.8 billion in unpaid loans. Previously, individuals who had a total and permanent disability (TPD) had to apply … The post Ed.

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How to Hire a Social Influencer for Your Business Marketing

Nexa Collect

For your business, there are never enough ways for you to promote your brand and your company. It is your opportunity to show your local community why they should spend time at your company and why they should trust you over other competitors. For marketing, there are many routes that you could take to improve your visibility in your industry. You could take on the role yourself, implementing these strategies, but it can be challenging to do that while running your company!

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Judge Denies Plaintiffs’ Motions to Remand Hunstein Cases Back to State Court

Account Recovery

A District Court judge in Illinois has denied motions in two separate Hunstein cases seeking to remove cases back to state court, ruling that the plaintiffs have alleged to have suffered concrete harms and thus have standing to sue in federal court. Both cases were originally filed in state court, but were remanded to federal … The post Judge Denies Plaintiffs’ Motions to Remand Hunstein Cases Back to State Court appeared first on AccountsRecovery.net.

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Lifestyle Creep: Eroding Your Savings, One Raise at a Time

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. The idea of anything creeping in unnoticed is enough to unnerve the bravest among us. In the world of personal finance, it’s the subtle, sneaking changes in spending habits that.

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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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Compliance Digest – August 23

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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Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony

Account Recovery

The Chief Executive of one of the nation’s largest student loan servicing companies is being accused of lying in testimony before Congress, as the companies winds down its operations servicing student loans on behalf of the federal government. James Steeley, the CEO of the Pennsylvania Higher Education Assistance Agency (PHEAA) testified before the Senate Banking … The post Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony appeared first on AccountsReco

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6 Ways to Make Your Business More Agile

Nerd Wallet

The onset of the COVID-19 pandemic was disruptive for many small businesses. However, there are insights that can be drawn from this experience — and these could help your business survive the next challenge or capitalize on an unexpected opportunity. Business agility is vital. Small businesses that can quickly make adjustments to daily operations, the.

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Daily Digest – August 23. Judge Denies Plaintiffs’ Motions in Hunstein Cases; Senators Accuse Student Loan Servicer CEO of Lying

Account Recovery

JUDGE DENIES PLAINTIFFS’ MOTIONS TO REMAND HUNSTEIN CASES BACK TO STATE COURT A District Court judge in Illinois has denied motions in two separate Hunstein cases seeking to remove cases back to state court, ruling that the plaintiffs have alleged to have suffered concrete harms and thus have standing to sue in federal court. Both … The post Daily Digest – August 23.

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How Much Is Workers’ Comp Insurance?

Nerd Wallet

Annual premiums for workers’ compensation insurance can cost a small business anywhere from a few hundred dollars to a few thousand dollars per $100,000 in payroll, depending on factors like the business’s industry, location and claims history. While your final cost for workers’ compensation insurance is up to experienced actuaries, understanding how it is calculated.

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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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Researcher Calls on Federal Gov’t To ‘Step Up’ and Help Those ‘Burdened’ With Medical Debt

Account Recovery

The author of a recently released study that estimated how much medical debt is being carried by individuals across the United States has published an op-ed that calls on state and federal governments to boost their protections of individuals from the “burden of medical debt.” Neale Mahoney, a professor and health economist at Stanford University … The post Researcher Calls on Federal Gov’t To ‘Step Up’ and Help Those ‘Burdened’ With Medical Debt a

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PayPal Rates and Fees: How Much Does PayPal Merchant Services Cost?

Nerd Wallet

PayPal has grown considerably since its 1998 launch, when it made digital payments available to the masses. It now provides a full range of merchant services, accepts a variety of different payment options and is generally considered an extremely trustworthy processor. That said, you’re probably wondering exactly how much it will cost to work with PayPal.

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10 Reasons You Were Rejected for Credit

Credit Corp

It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Find out what these reason codes actually mean and what to do about them below. 8 Common Reasons You Were Denied Credit.

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5 Best Remote Work Destinations This Year

Nerd Wallet

Approximately 50% of American workers worked remotely during the coronavirus pandemic, according to a 2020 Gallup survey. And almost 90% of workers believe that they’ll be working remotely at least some of the time in the future, Boston Consulting Group reported in March. What does working remotely mean? In general, remote work is when instead. Josh Garber 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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More Than 232 Million US Consumers Can Be Scored by the FICO Score Suite

Fico Collections

Based on the 2020 US Census , the US credit-eligible population (those over 18 years of age) is 258 million people. But how many of those consumers can obtain a FICO® Score? . Calculations by FICO data scientists indicate that more than 232 million US consumers can be scored by the FICO® Score suite. That is 90% of the credit-eligible US population.

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3 Things to Do Before You Buy Crypto

Nerd Wallet

Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you. Sara Rathner writes for NerdWallet.

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How is the Pandemic Driving Digital Transformation in Account Opening?

Fico Collections

The global pandemic is driving a digital-first mindset for account opening. To measure the impact of COVID-19 on digital transformation in financial services, FICO surveyed 14,000 consumers across 14 countries in 2021 to evaluate customer-willingness for digital account opening. Today, we’ll share the top-five takeaways from our NORAM survey results.

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Smart Money Podcast: School Supply Shopping and Breaking Bad Money Habits

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a conversation about how to save money when back-to-school shopping this year. Then we pivot to this week’s money question from Alfredo, who left us a voicemail: “Hey, Nerds. I’m in my mid-20s, and ever since I. Sean Pyles 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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Where does Tennessee rank for bankruptcy? 

Roths Child Law

Where you live can impact the odds that you will need to file for bankruptcy. There are many contributing factors, of course, so not every individual faces the same risks, but a look at the trends does show you if you’re in an area where bankruptcy is common or one where it is rare. With this in mind, let’s take a look at where Tennessee ranks out among the other states in the U.S.

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How Your Driving Habits Can Lower Your Insurance Bill

Nerd Wallet

If you’re a safe driver or working from home and on the road less often, you may be able to find cheap car insurance rates by joining a telematics program. Offered by multiple insurers, these programs use tracking devices or apps to monitor your driving behavior and reward safe habits. How to choose a telematics program. Kayda Norman writes for NerdWallet.

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Join Us for the ABA’s Consumer Financial Services Basics 2021 Virtual Conference

Troutman Sanders

We are pleased to announce that Troutman Pepper partner Ron Raether will be a featured speaker at the American Bar Association’s Consumer Financial Services Basics Virtual Conference, on Thursday, October 21 st from 3:10 to 4:10pm ET. Ron will participate in a panel discussion entitled “Financial Privacy and Data Security,” during which the presenters will discuss key restrictions on the use and disclosure of consumer financial information, including the Gramm-Leach-Bliley Act’s privacy provisio

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BankAmericard Credit Card Adds Sign-up Bonus

Nerd Wallet

The BankAmericard® credit card is adding an incentive for new cardmembers: Starting Aug. 23, 2021, the $0-annual-fee card, which didn’t previously feature a sign-up bonus, is offering the following: $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening. This new bonus is in addition. Funto Omojola 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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Ginger Busby Selected to Serve on the American Bar Association’s Board of Governors

Burr Forman

Birmingham, AL – August 23, 2021 – Burr & Forman is pleased to announce that Ginger Busby has been selected to serve on the Board of Governors of the American Bar Association (ABA). Ginger Busby, a partner at the firm’s Birmingham office, is a litigator with over 30 years of experience. She represents manufacturing and insurance clients in evaluating risk, developing strategy, and in litigation and regulatory matters.

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Delta vs. United Airlines: Which Is Best For You?

Nerd Wallet

Delta Air Lines and United Airlines are two of the biggest U.S. carriers. So which is better for your individual travel needs, preferences and budget? A side-by-side comparison will let you decide which is better, Delta or United. Where they’re based and where they fly Delta Delta Air Lines passengers can fly to about 300. Anya Kartashova writes for NerdWallet.

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Three Effective Debt Recovery Strategies

JMA

Debt recovery can be tricky and it isn’t as clean cut as we may think. It requires negotiating, patience, and a lot of effort — things that a business owner may not have the luxury to do. With so much on their plate, it’s no wonder that debt recovery can take a backseat. We’ve explained. Read more » The post Three Effective Debt Recovery Strategies appeared first on JMA Credit Control.

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PrestaShop Review: Pricing, User Reviews, Alternatives

Nerd Wallet

With a variety of e-commerce platforms on the market, all at different price points, you may be wondering if there are any free options. That’s where open-source platforms, like PrestaShop, come in. Unlike many other e-commerce solutions, open-source platforms are free to download and allow you to modify the code of the software to fit. Randa Kriss writes for NerdWallet.

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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.