Thu.Jul 28, 2022

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Minnesota AG Extends Debt Collection Agreement with State Hospitals

Account Recovery

The Attorney General of Minnesota has extended a regulatory agreement put in place with nonprofit hospitals operating in the state, as well as a for-profit hospital for the first time, that protects patients from “abusive, harassing, and deceptive practices when hospitals seek to collect medical debt.” Along with including all 128 nonprofit hospitals operating in … The post Minnesota AG Extends Debt Collection Agreement with State Hospitals appeared first on AccountsRecovery.ne

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Mega Millions: 5 Ways to Spend a Billion Dollars

Nerd Wallet

The latest Mega Millions lottery jackpot has passed $1 billion for only the third time in the lottery game’s 26-year history. That’s, well, a lot of money. How much? Here’s one way to think about it: Let’s say you’ve just scored a dream salary of $1 million a year. Go, you! So, at that blistering. Rick VanderKnyff writes for NerdWallet. Email: rvanderknyff@nerdwallet.com.

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CFPB Publishes Report Analyzing Impact of Medical Debt Credit Reporting Changes

Account Recovery

Changes that have been announced and started to be put into place regarding how information about medical debts are furnished to the credit reporting agencies will remove those debts from the credit reports of about half of all consumers, according to an analysis of the data published yesterday by the Consumer Financial Protection Bureau. The … The post CFPB Publishes Report Analyzing Impact of Medical Debt Credit Reporting Changes appeared first on AccountsRecovery.net.

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CFPB Fines U.S. Bank $37.5 Million for Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspecting Customers

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission. U.S. Bank pressured and incentivized its employees to sell multiple products and services to its customers, including imposing sales goals as part of their employees’ job requirements.

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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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Getting to Know Monica Littman of Kaufman Dolowich & Voluck

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Monica Littman o

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CFPB Publishes More Reg F FAQs, Addressing Electronic Communications and Inconvenient Times & Places

Account Recovery

Even though Regulation F has been in effect for nearly eight months, the Consumer Financial Protection Bureau is still publishing guidance to help companies in the accounts receivable management industry comply with the rule. Yesterday, the Bureau published a new set of Frequently Asked Questions related to electronic communications and communicating during unusual or inconvenient … The post CFPB Publishes More Reg F FAQs, Addressing Electronic Communications and Inconvenient Times &

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CFPB and Justice Department Caution Auto Finance Companies about Servicemember Protections

Consumer Finance

The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Rights Act (SCRA). While servicemembers have the same rights as non-military borrowers, the SCRA provides additional rights to protect servicemembers and their families against unique financial challenges.

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Daily Digest – July 28. Getting to Know Monica Littman; CFPB Publishes New Set of Reg F FAQs

Account Recovery

GETTING TO KNOW MONICA LITTMAN OF KAUFMAN, DOLOWICH & VOLUCK Should it come as a surprise that an attorney representing companies in the accounts receivable management industry has a deep love for the game of tennis? The back-and-forth nature of the sport aligns well with the strategies and skillset needed to be a good attorney, … The post Daily Digest – July 28.

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Smart Money Podcast: Building a Brick-and-Mortar Business

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week, we talk with a business owner about how she opened a full-service beauty salon and bar, grew it to two locations with dozens of employees — and how she pivoted again and again during the COVID-19 pandemic. Check out this episode. Rosalie Murphy 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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It’s Getting Chilly: The “Cryptowinter” Marches On

PBWT

It’s been a hard year for cryptocurrency. The values of most cryptocurrencies, including major coins such as Bitcoin and Ethereum, have continued to tumble. In fact, the price of one stablecoin, which is a form of cryptocurrency tied to another currency, commodity or financial instrument, de-pegged from its cryptocurrency token and entered into a downward spiral.

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Benefits of the Wells Fargo Autograph

Nerd Wallet

Nowadays, most travel credit cards charge an annual fee in exchange for lucrative rewards and travel-friendly perks. So if you’re against paying a fee to carry a credit card, most travel credit cards won’t make the cut. Enter the Wells Fargo Autograph? Card, which offers standout rewards in multiple popular spending categories, plus valuable travel.

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Uk’s top 10 worst Business late payers named and shamed

UK debt collections

New IPSE research finds that late payments have worsened despite recent government reforms, alluding that not enough is being done to crack down on companies that do not pay freelancers on time. Now more than ever freelancers and self employed must do credit checks or some due diligence about new clients before they start working with them. Nearly a quarter (23%) of freelancers have had to use their credit card or overdraft and a further one in five (21%) have used up all or most of their saving

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How to Budget Realistically for Home Repairs

Nerd Wallet

If you’re a homeowner and haven’t faced a big repair bill yet, just wait. Even in the best-maintained homes, stuff will wear out or break. Budgeting for these inevitable bills isn’t always easy. One commonly cited rule of thumb — to save 1% to 4% of your home’s value each year for maintenance and repairs. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com.

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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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FTC and CFPB Crack Down on Military Lending Act Violations

Troutman Sanders

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) highlighted their efforts to aggressively enforce provisions of the Military Lending Act (MLA) in a recently issued press release and testimony before Congress. The FTC — along with 18 states — announced it had brought its first-ever case, alleging violations of the MLA against Harris Jewelry, while the CFPB touted its actions against businesses that violated the MLA by forcing servicemembers to repay loans by

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How Much Does It Cost to Tow a Car?

Nerd Wallet

While the final bill depends on several factors, the national average cost to tow a car is around $100. But your bill might be higher if you’ve been in a collision, your car is stuck in mud or snow, or you drive an oversized vehicle. You might be able to save some money if you. Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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Recent Trends in Class-Action Consumer Finance Litigation

Troutman Sanders

Please join Consumer Financial Services Partner Chris Willis and his guests and colleagues Dave Gettings and Mary Kate Kamka as they discuss recent trends in class-action consumer finance litigation, including: The long-term impact of Spokeo and Ramirez ; Key considerations in discovery; When it’s appropriate to move to strike class allegations; and.

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How to Buy Tron Crypto (TRX)

Nerd Wallet

Tronix, or TRX, is the cryptocurrency associated with the decentralized blockchain network Tron. With over 92 billion TRX tokens in circulation, it has become one of the most popular cryptocurrencies available on the market. Competing with entertainment companies like Netflix, Disney or Amazon, Tron’s objective is to provide a more cost-effective space for sharing digital.

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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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Supreme Court Invalidates Chapter 11 Fee Scheme

PBWT

We have previously written about Siegel v. Fitzgerald , No. 21-441, the Supreme Court case considering the question of whether the 2018 difference in fees between Bankruptcy Administrator judicial districts and U.S. Trustee judicial districts was consistent with the Constitution’s uniformity requirement for bankruptcy laws. On June 5, the Supreme Court decided the case, ruling that the scheme violated the uniformity requirement, but remanding to the Fourth Circuit to consider the appropria

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The Best Chase Credit Card Strategy for Travel

Nerd Wallet

Chase offers a wide variety of credit cards for travelers. For example, travelers can benefit from a Chase Ultimate Rewards® transferable points card plus airline and hotel co-branded cards. Even the no-annual-fee Freedom-branded cards can play a role in a Chase credit card strategy. Depending on how complex of a strategy you want to pursue, JT Genter writes for NerdWallet.

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July Newsletter: Taking Time to Appreciate Others

Jimerson Firm

Featured in the July 2022 Issue. Partner’s Perspective: Taking Time to Appreciate Others. Florida Legislative Highlights. Blog Highlights. Curiosities, Ruminations and Various Eccentricities of Firm Biz. READ NEWSLETTER. The post July Newsletter: Taking Time to Appreciate Others appeared first on Jimerson Birr.

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Hilton Lifetime Diamond Status: The Best Perks

Nerd Wallet

Hotels want your business. Whether you’re traveling once per year or once per week, it’s in their best interest to make you a customer. One of the methods to draw you in is by providing perks to returning customers. Hotel loyalty programs offer members the perks of elite status, including benefits such as room upgrades, Carissa Rawson 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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Bots May Block Back-to-School Bargains; Romance Scams Target Crypto

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Ahhh, the smell of books, backpacks and new shoes. Back-to-school has been particularly difficult the last couple of years.

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The Best Alaska Airlines Lounges on Priority Pass

Nerd Wallet

Looking for an airport lounge? There’s nothing quite like stepping away from the bustle of the terminal for some free food and drinks. Luckily, airports abound with lounges, though access policies vary. If you have a Priority Pass membership, you may be looking for Alaska Lounge Priority Pass options. Here’s a look at where Alaska. Carissa Rawson writes for NerdWallet.

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