Thu.Sep 16, 2021

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Daily Digest – September 16. Getting to Know Trace Dillon of Gulf Coast Collection Bureau; InDebted Announces Four-Day Workweek

Account Recovery

GETTING TO KNOW TRACE DILLON OF GULF COAST COLLECTION BUREAU Compliance flows through the blood of Trace Dillon. Even if he wasn’t working in the accounts receivable management industry, he still would likely be working to make sure someone wasn’t running afoul of any laws. Trace is also one of those rare compliance folks who … The post Daily Digest – September 16.

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How to Negotiate Your Way to a Richer Life

Nerd Wallet

Negotiating is an important personal finance skill that can help you earn more and pay less. Whether you’re discussing a job offer, dickering at a car dealership or just trying to work out a budget with your significant other, the ability to bargain effectively can have a huge impact. You don’t have to be a. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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Judge Grants Defendant’s Motion for Judgment on Pleadings in ‘Imposter’ Case

Account Recovery

A District Court judge has granted a defendant’s motion for judgment on the pleadings after it was sued by a brother and sister for allegedly violating the Fair Debt Collection Practices Act by discussing the sister’s debt with the brother, but only after the brother used the sister’s personal information — the last four digits … The post Judge Grants Defendant’s Motion for Judgment on Pleadings in ‘Imposter’ Case appeared first on AccountsRecovery

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4 Signs That Buying a Home Now Could Sow Regret

Nerd Wallet

It’s a tough time to be a homebuying hopeful. Sellers rule this market, and potential buyers are battling with one another over a high-priced handful of homes. Buying a home is a weighty, long-term decision, and buying right now could lead to long-term regrets. Roughly two-thirds (67%) of Americans who recently purchased their home say. Elizabeth Renter 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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InDebted Announces Four-Day Workweek, Including Here in U.S.

Account Recovery

InDebted, an Australian debt collection company that is expanding globally, including here in the United States, was already known for doing things differently. Focused on a digital-first approach to collections and eschewing phone calls, InDebted entered the U.S. earlier this year through the purchase of Delta Outsource Group. Now, InDebted has announced another initiative that … The post InDebted Announces Four-Day Workweek, Including Here in U.S. appeared first on AccountsRecovery.net.

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Getting to Know Trace Dillon of Gulf Coast Collection Bureau

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 Trace Dillon of

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Restricted Stock Units: What You Need to Know About RSUs

Nerd Wallet

There are many forms of equity- or stock-based benefits that an employee can receive as part of their compensation package. One that’s common is restricted stock units. RSUs, along with other forms of equity compensation, can be complex and require detailed planning for employees to reap the greatest reward. What are restricted stock units, or. Tiffany Lam-Balfour writes for NerdWallet.

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Judge Denies Plaintiff’s Motion to Remand Hunstein Case Back to State Court

Account Recovery

A District Court judge in Illinois has denied a plaintiff’s request to move a Hunstein case back to state court, ruling that the Eleventh Circuit’s decision in the case lays the groundwork for the kind of concrete injury that is needed to be suffered in order for the case to be tried in federal court. … The post Judge Denies Plaintiff’s Motion to Remand Hunstein Case Back to State Court appeared first on AccountsRecovery.net.

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CFPB Report: Renters at Risk as COVID-19 Safety Net Ends

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. The report, “Financial conditions for renters before and during the COVID-19 Pandemic,” finds that some government relief efforts likely helped maintain the financial stability of renters and their families, suggesting that many may be at risk as those programs ex

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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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Virtual Terminals: How Businesses Use Them and Best Options

Nerd Wallet

Virtual terminals are web apps that allow a computer, tablet or smartphone to process card payments without a card reader or point-of-sale hardware. They are primarily used by businesses that receive orders by phone, fax, email or mail — transactions where the customer is not present. After the customer’s credit card details are manually entered, the.

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How to minimise risk in the automotive order-to-cash process

On Guard

Minimising risk in the automotive order-to-cash process. In the early years of the automotive sector, cars were luxury items that weren’t attainable for everyone. However, that has changed with assembly line production making more affordable cars available to the masses. Now, rather than cars being reserved for the elite, UK households have an average of 1.2 cars in their driveway.

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Car Loan-to-Value Ratio Explained: Why LTV Matters

Nerd Wallet

A car’s loan-to-value ratio, or LTV, is the amount you want to borrow divided by the value of the car you want to buy. Because auto loans are secured — the vehicle serves as collateral — the LTV is a way for lenders to measure how much risk they are taking when approving your loan. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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11th Circuit Court of Appeals Vacates Employer’s Tip Credit Summary Judgment Victory in Rafferty v. Denny’s

Burr Forman

The 11th Circuit clarified that employers, not employees, bear the burden of proving compliance with the 80-20 rule for employees subject to the tip credit under the FLSA. Tip Credits under the Fair Labor Standards Act. The Fair Labor Standards Act (“FLSA”) generally permits employers to pay tipped employees less than the minimum hourly wage, provided that the tips the employee receives are at least equal to the difference between the required cash wage (which must be at least $2.13 per hour) an

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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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The Guide to Delta’s ‘Bags on Time’ Guarantee

Nerd Wallet

Delta’s Bags on Time guarantee is a customer-friendly effort to get bags from the plane to baggage claim within 20 minutes of your arrival for any domestic flight. While some airlines may leave you waiting a while in the arrivals area, Delta’s efforts are guaranteed to have you on your way quickly or with some. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Barr Ruling Cures Claims Arising During Life of Government-Debt Exception, Holds Texas District Court

TCPA

Last week, the U.S. District Court for the Southern District of Texas concluded that plaintiffs can bring claims for violations of 47 U.S.C. § 227(b) that arose while the government-debt exception (“GDE”) to that provision was still on the books.

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Underrated Reasons Why You Need a United Quest Card

Nerd Wallet

New to market in 2021, the New United Quest? Card offers a sweet spot in the United’s co-branded credit card lineup. The New United Quest? Card is one of several co-branded credit cards available from United and Chase that integrates perfectly with the United MileagePlus frequent traveler program. The card comes with a cluster of. Alisha McDarris writes for NerdWallet.

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Interactive Long-Term Care Planning Decision Tree: Workshop Breakdown

Fraser

When evaluating long-term care strategies for clients, the lawyer must ask a series of questions to understand the issues and variables to consider in planning. Every client has their own unique needs, requiring valuable insight from an experienced attorney. Fraser Trebilcock attorney Melisa M. W. Mysliwiec will be sharing key information with other attorneys in Michigan to help them better serve their own clients in long-term care planning.

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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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Virginia State Tax: Rates and Who Pays in 2021

Nerd Wallet

Virginia state income tax rates are 2%, 3%, 5% and 5.75%. Virginia state income tax brackets and income tax rates depend on taxable income and residency status. Virginia state income tax rates and tax brackets Tax rateTaxable income bracketTax owed 2%$0 to $3,000.2% of taxable income. 3%$3,001 to $5,000.$60 plus 3% of the amount over. Tina Orem writes for NerdWallet.

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UK Card Trends: Pandemic Savings Mask Picture of Debt

Fico Collections

Our UK Credit Market Report of UK card trends for July 2021 reveals that there was an uplift in missed payment rates, whilst spend on cards marginally fell. There was also growth in cash usage. . It was the first full month of all retail and hospitality sectors being open; the school summer holidays started and the government furlough contribution reduced from 80 percent to 70 percent.

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Season 2: Episode 5: A Discussion of Ricci v. DeStefano

PBWT

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[Client Reminder] October 14 Deadline: Medicare Part D Notice of Creditable (or Non-Creditable) Coverage

Fraser

Medicare Part D notices (of either creditable or non-creditable coverage). are due for distribution prior to October 15th. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 requires entities who offer prescription drug coverage to notify Medicare Part D eligible individuals whether their prescription coverage is creditable coverage.

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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.