Mon.Sep 27, 2021

article thumbnail

Judge Grants MTD Over Settlement Language in Letter

Account Recovery

Have you seen those videos, where someone painstakingly takes clips from actors saying different words and assembles them into recreations of songs or famous speeches? Well, at the end of the day, what is recreated is still a song or a famous speech? Similarly, plaintiffs can’t parse words in collection letters and accuse a collector … The post Judge Grants MTD Over Settlement Language in Letter appeared first on AccountsRecovery.net.

article thumbnail

Some of our best tips for handling debt collections internally

American Profit Recovery

There are several reasons why organizations of all sizes would be looking for a debt collection agency. You may be a small business and have reached the point where you’re tired of chasing down late and nonpaying customers. Or maybe your organization regardless of the size has limited internal resources to handle the task of getting your customers to pay on time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Daily Digest – September 27. Calif. Gov. Signs Collection ID Theft Bill Into Law; Hearing Today on N.M. Medical Debt Collection Bill

Account Recovery

CALIFORNIA GOVERNOR SIGNS DEBT COLLECTION ID THEFT BILL INTO LAW The Governor of California has signed a debt collection bill into law that will adjust how collectors address situations where an individual claims a debt is fraudulent as a result of identity theft. There was no effective date written into the statute, which means the … The post Daily Digest – September 27.

article thumbnail

Smart Money Podcast: 5 Financial Tasks for Fall, and Kid Debit Cards

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 about five financial tasks to take on this fall. Then we pivot to this week’s money question from Renee, who emailed us their question: “I’ve seen a few debit cards for kids, where parents can. Liz Weston writes for NerdWallet.

105
105
article thumbnail

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.

article thumbnail

Hearing Today to Discuss Rules Implementing N.M. Medical Debt Collection Law

Account Recovery

A virtual hearing is being held this morning, and comments are due later this afternoon to the New Mexico Office of Superintendent of Insurance to implement a new law that went into effect this year governing how medical debt is being collected. Consumer advocates are doing their part to get the word out about the … The post Hearing Today to Discuss Rules Implementing N.M.

More Trending

article thumbnail

Judge Grants MTD in FDCPA Case Over Alleged Conflicting, Overshadowing Language in Letter

Account Recovery

In a case that was defended by the team at Malone Frost Martin, a District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act by allegedly making conflicting and overshadowing claims in a collection letter. A copy of the ruling in … The post Judge Grants MTD in FDCPA Case Over Alleged Conflicting, Overshadowing Language in Letter appeared first on AccountsRecovery.net.

article thumbnail

Best Merchant Services of 2021

Nerd Wallet

Merchant services allow a business to accept credit and debit card transactions by transmitting the customer information to the card network and issuing bank and receiving the payment in a merchant account. The companies that offer merchant services vary in the related products and services they offer, and in their pricing models (flat rate, interchange.

Banks 101
article thumbnail

California Governor Signs Debt Collection ID Theft Bill Into Law

Account Recovery

The Governor of California has signed a debt collection bill into law that will adjust how collectors address situations where an individual claims a debt is fraudulent as a result of identity theft. There was no effective date written into the statute, which means the law is likely going to take effect on January 1, … The post California Governor Signs Debt Collection ID Theft Bill Into Law appeared first on AccountsRecovery.net.

article thumbnail

What Is Medigap Plan G? What You Need to Know

Nerd Wallet

Medigap Plan G is one of 10 Medicare Supplement Insurance plans. Medigap assists with fees such as coinsurance, copayments and deductibles that aren’t covered under Medicare Part A and Part B, also known as Original Medicare. How it works After Medicare pays its approved portion of medical costs, Medigap Plan G helps supplement remaining out-of-pocket.

99
article thumbnail

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.

article thumbnail

Ontario Systems to Offer New Digital Patient Engagement Solution via Flywire Partnership

Account Recovery

BURLINGTON, Mass., Sept. 23, 2021 /PRNewswire/ — Ontario Systems, a leading provider of enterprise workflow automation software – which accelerates revenue recovery and removes friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets – today announced a timely partnership with Flywire Corporation(Nasdaq: FLYW) (Flywire) a global payments enablement and software company, to offer a … The post Ontario Systems to Offe

article thumbnail

Big Cartel vs. Shopify: Which Is Right for Your Business?

Nerd Wallet

Big Cartel and Shopify are both web-based e-commerce platforms that allow you to create an online store, manage customer orders and run discounts and promotions. Although the two solutions have similar features, Big Cartel is a good option for independent artists and retailers selling a limited number of products. Big Cartel offers a free plan, Randa Kriss writes for NerdWallet.

Retail 83
article thumbnail

Most Frequent Student Loan Mistakes

Credit Corp

Almost 70% of students in North America take out student loans. Many students can’t afford post-secondary education without financial help. Loans are scary, and come with lots of disadvantages. Don’t fear, because we will be covering the most frequent student loan mistakes. Avoid the consequences by learning from our tips below. Forgetting to Research.

article thumbnail

What Is Stripe, and How Does It Work?

Nerd Wallet

Stripe is a payment service provider that business owners can use to accept dozens of payment methods, from credit cards to buy now, pay later services. It charges a fee on each transaction. Stripe works best if you want to accept online payments. But, with added hardware, you can also use it for in-person payments. Rosalie Murphy writes for NerdWallet.

67
article thumbnail

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?

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

article thumbnail

How Does an Accelerated Death Benefit Work?

Nerd Wallet

Life insurance is there to support the people who rely on you financially in case you die unexpectedly. But if you’re living with a serious illness, a common policy feature known as an accelerated death benefit could step in to help you cover medical bills and other expenses while you’re still alive. Also known as. Katia Iervasi writes for NerdWallet.

65
article thumbnail

How to Get Out of Your Vehicle Lease Without Ruining Your Credit

Direct Recovery

Are you ready for a new vehicle? Do you feel stuck in your current lease? Are you afraid to make any changes and risk damaging your credit? Relax! Getting out of a vehicle lease is often much easier than you might think. And in some cases, thanks to rapidly increasing used vehicle prices, you might even have some equity in that lease that you can put towards your next vehicle!

article thumbnail

4 Workarounds to Book Your Fall Vacation Rental With Points

Nerd Wallet

Even before the pandemic, home booking sites like Airbnb and Vrbo were becoming increasingly popular with travelers. The opportunity to have a homelike experience, complete with full kitchen, extra living space and local flavor, was more appealing than a standard hotel room for many. Arlyce Melheim from Stillwater, Minnesota, likes to book homes for family.

65
article thumbnail

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.

article thumbnail

White House Announcement on COVID-19: Replacing Regional Travel Bans with Vaccination Requirements

Burr Forman

The White House recently announced that travel restrictions for all international travelers entering the United States by air will change in early November 2021. Since 2020, several Presidential Proclamations have instituted regional COVID-19 travel bans by restricting travel to the United States for international travelers physically present in China, Iran, the Schengen Area, the United Kingdom, Ireland, Brazil, South Africa, and India during the fourteen-day period prior to U.S. entry with li

52
article thumbnail

The Best Cheap Renters Insurance in California

Nerd Wallet

Renters insurance isn’t required by law in California, but it’s often worth buying — especially if you live in an area at risk for wildfires or earthquakes. While your landlord will insure the building you live in, it’s up to you to cover your own belongings. Here’s how much you can expect to pay and. Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.

63
article thumbnail

Understanding Overdraft Programs (Part 2): A New Approach to Overdraft

Fico Collections

In our previous blog post I examined the shifting regulatory landscape, recent changes in bank overdraft program changes, and what’s next with regulations on overdraft. There has been a burst of activity introducing new approaches to courtesy overdraft. In this, my second post on overdraft, I will explore new approaches banks should consider. Consider the following setting.

Banks 52
article thumbnail

Do Hilton Points Expire?

Nerd Wallet

Hotel points are a great way to earn deeply discounted stays at your favorite properties, but they don’t last forever. If you’re a loyal Hilton member — or even if you’ve just earned some points for the first time, you may wonder “Do Hilton points expire?” The short answer is that they can, but they. Carissa Rawson writes for NerdWallet. Email: wpguestuser+carissarawson@nerdwallet.com.

58
article thumbnail

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.

article thumbnail

How to Travel to Cancun With Points and Miles

Nerd Wallet

Cancun is a hugely popular destination for American travelers. It’s got turquoise water, long stretches of beach and several neighboring hotspots along the Riviera Maya, like Playa del Carmen and Tulum. Besides excellent food and plenty of natural attractions, the hotel scene in Cancun is well-rounded, with everything from budget to luxury accommodations and lots.

58