Mon.Aug 31, 2020

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Compliance Digest – August 31

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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When Is the Right Time to Be Thinking About Bankruptcy?

Sawin & Shea

Sometimes the best offense is a good defense, even when it comes to finances. If you have been hit hard by the economic upheaval of the coronavirus, filing for bankruptcy may be your best option. At a time when thousands are already struggling with historic stressors due to the uncertainty caused by the pandemic, it may be that bankruptcy could relieve the pressures you find yourself facing.

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Daily Digest – August 31. Judge Grants MSJ in Overshadowing Case; Former CFPB Acting Director Launching Hedge Fund

Account Recovery

JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA OVERSHADOWING CASE A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it allegedly overshadowed the validation notice in a collection letter by including a release that offered to check … The post Daily Digest – August 31.

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How Often Can You Check Your Credit Score, and How Do You Get It?

Credit Corp

Are you trying to keep a closer eye on your finances? Or maybe you want to get an auto loan, but you want to make sure your score is in good shape? Either way, you might be wondering if you’re checking your credit score too much. Honestly, there really isn’t a limit to how often you can check your credit score. But, before you blaze ahead and check your credit score, there are a few things you need to know.

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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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FFAM360 Announces 5th Annual Back to School Supply Drive

Account Recovery

For the fifth straight year, the FFAM360 Alliance Of Companies is hosting a back to school supply drive for local school-aged children to ensure that kids have the supplies they need as they return to the classroom. “As a result of the coronavirus pandemic, the needs in our communities are greater than ever. This year, … The post FFAM360 Announces 5th Annual Back to School Supply Drive appeared first on AccountsRecovery.net.

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More Trending

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Judge Grants MSJ for Defense in Overshadowing Case Over Insurance Release in Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it allegedly overshadowed the validation notice in a collection letter by including a release that offered to check whether any of the unpaid debt might be covered … The post Judge Grants MSJ for Defense in Overshadowing Case Over Insurance Release in Letter appeared first on AccountsRecovery.net.

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United Ditches Domestic Change Fees, Adds More Flexibility

Nerd Wallet

United Airlines is making some changes so that customers can enjoy more flexible travel, including ditching change fees for virtually all domestic flights — for good. Earlier this year, United, along with most other domestic airlines, began temporarily waiving change and cancellation fees for virtually all flights scheduled in or after March 2020 due to.

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Start-Up Aims to Help Individuals Being Sued for Unpaid Debts

Account Recovery

A new start-up is aiming to help individuals who are being sued, including by debt collectors, but who are not able to hire an attorney to represent themselves in court. The company, Courtroom5, has attracted attention from start-up investors and accelerators and claims to help seven out of every 10 customers settle or win their … The post Start-Up Aims to Help Individuals Being Sued for Unpaid Debts appeared first on AccountsRecovery.net.

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How to Be Reunited With Your Long-Lost Money

Nerd Wallet

Are you owed money you don’t even know about? You might be, if your name is in an unclaimed property database. Each year, billions of dollars from forgotten security deposits, refunds, uncashed paychecks and even old bank accounts are reported to state agencies. And each year, according to the National Association of Unclaimed Property Administrators, Margarette Burnette is a writer at NerdWallet.

Banks 101
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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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How to Remove Covington Credit from Your Credit Report Outline

Better Credit Blog

If you have an old debt hanging over your head, you may begin to hear from a debt collector called Covington Credit. Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. Not only are they a pain to deal with, but they can also wreak havoc on your credit in the process.

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Delta Follows United, Eliminates Change Fees

Nerd Wallet

Following United Airlines’ announcement regarding the elimination of change fees, Delta Air Lines has also made improvements by removing change fees from most domestic flights. Which flights are eligible for the change waiver? Effective immediately, domestic tickets purchased for travel within the United States, to Puerto Rico and to the U.S. Virgin Islands in Delta’s.

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Fair Debt Collection Practices Act (FDCPA)

Better Credit Blog

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

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Chase Shakes Up Freedom Cards: New ‘Flex’ Option, New Categories for Unlimited

Nerd Wallet

Chase is adding to its Freedom family of credit cards with the new Chase Freedom Flex. The new card will debut Sept. 15, 2020. It combines some of the benefits offered by the Chase Freedom® and the Chase Freedom Unlimited® — including rotating 5% cash-back categories and extra cash back at grocery stores for the first. Sara Rathner is a writer at 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 Remove Convergent Outsourcing From Your Credit Report

Better Credit Blog

If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. This is because they must open a collection account on your credit report before they can begin pursuing you for payment.

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5 Things to Know About Gusto

Nerd Wallet

Gusto is an easy-to-use small-business software package that lets you manage payroll, benefits and human resources all in one place. Designed for businesses with 100 employees or fewer, it stands out from the competition with its user-friendly features, transparent pricing and solid customer service. » MORE: NerdWallet’s best payroll software for small businesses It’s also.

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How to Remove ConServe from Your Credit Report

Better Credit Blog

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. They are notoriously difficult to work with, and their presence on your credit report can mean trouble for your score in the long run.

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Mortgage Outlook: A Light Lift to September Rates

Nerd Wallet

September mortgage rates forecast The interest rate on the most popular mortgage has fallen to record lows for three months in a row. That streak might snap in September. The 30-year fixed-rate mortgage averaged 3.08% in August, down from the average of 3.18% in July and 3.33% in June. Fixed mortgage rates have fallen more. Holden Lewis is a writer at 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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How to Remove GC Services from Your Credit Report

Better Credit Blog

If you’ve been contacted by GC Services, they are probably pursuing you for an old debt. Dealing with debt collectors is stressful, but the harassing phone calls are only the tip of the iceberg. Being pursued for an old debt means that GC Services has opened up a collections account on your credit report. Collections accounts are a black mark on your credit report and can affect your credit score for up to seven years.

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Distance Learning Can Fit Into Your Back-to-School Budget

Nerd Wallet

For many students, “going back to school” this fall could be just a figure of speech. As the pandemic persists, the decision about whether to allow in-person learning or keep classrooms closed is coming down to the wire. The possibilities of distance learning are influencing how much families anticipate spending on back-to-school purchases. Parents with.

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Consumer Financial Protection Bureau Settles with Fifth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Consumer Finance

Today, the Consumer Financial Protection Bureau issued a consent order against Hypotec, Inc., a mortgage broker based in Miami, Florida that is licensed in eight states.

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Smart Money Podcast: Renters Are Struggling, and What to Do With an Old 401(k)

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of NerdWallet’s new study about renters, who are really struggling in this economy. Renters tend to have lower incomes and spend more money on housing, which means they often have less of a cushion against. Liz Weston is a writer at 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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Consumer Financial Protection Bureau Settles with Sixth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Consumer Finance

Today, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Service 1st Mortgage, Inc. (Service 1st), a mortgage broker based in Glen Burnie, Maryland that is licensed in about 12 states.

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Is the Bank of America Travel Rewards Credit Card Worth It?

Nerd Wallet

The Bank of America® Travel Rewards credit card offers you a simple way to earn valuable rewards on a travel credit card with a $0 annual fee. This is a good card to consider if you don’t like the restrictions of airline and hotel loyalty programs but want straightforward earning and easy redemption options. Here. Dustin Waller is a writer at NerdWallet.

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10 Most Common Landlord Legal Pitfalls - And How to Avoid Them

Micro Bilt

The current pandemic has left many landlords in uneasy positions across the country.

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Your Guide to Hilton Honors Hotel Brands

Nerd Wallet

Hilton Honors spans the globe with its properties, offering guests everything from affordable hotels with all the basics to some of the most luxurious addresses around the world. Hilton’s 18 brands include more than 6,200 properties in 118 countries and territories, and Hilton Honors members have come to expect notable perks with them no matter. Ramsey Qubein is a writer at 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.