Wed.Nov 17, 2021

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Eleventh Circuit Announces En Banc Rehearing in Hunstein Case

Account Recovery

The Eleventh Circuit Court of Appeals announced today that the entire panel of judges will rehear arguments en banc in the Hunstein v. Preferred Management & Collections case, vacating the opinion that was issued last month, and giving the industry hope that the case may be reversed. A copy of the ruling, issued sua sponte … The post Eleventh Circuit Announces En Banc Rehearing in Hunstein Case appeared first on AccountsRecovery.net.

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What’s New for Medicare in 2022?

Nerd Wallet

Open enrollment for Medicare goes from Oct. 15 to Dec. 7 each year, when Medicare beneficiaries choose their coverage for the next plan year. As Medicare enrollees contemplate their choices for 2022, here are overall Medicare changes to keep in mind. Original Medicare costs are going up Original Medicare includes Part A and Part B. Kate Ashford writes for NerdWallet.

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Daily Digest – November 17. Bedard Breaks Down Sending MVN in Other Languages; Q&A With Rick Bonitzer

Account Recovery

BEDARD BREAKS DOWN SENDING MVN IN OTHER LANGUAGES America is a melting pot of cultures and backgrounds. And that means that a lot of the people living here in the United States came from places where English wasn’t the primary language that was spoken. Take me, for instance. Being Canadian, it took a lot for … The post Daily Digest – November 17.

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Why Might Your Mortgage App Fail? Learn From 2020’s Denials

Nerd Wallet

Mortgage application data from years past can teach important lessons. It may not be as engrossing as a memoir, but the story the data tells could help aspiring homeowners make their dreams reality. In 2020, as potential home buyers hustled to take advantage of ultra-low mortgage rates, more than half a million mortgage applications were. 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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Bedard Breaks Down Sending MVN in Other Languages

Account Recovery

America is a melting pot of cultures and backgrounds. And that means that a lot of the people living here in the United States came from places where English wasn’t the primary language that was spoken. Take me, for instance. Being Canadian, it took a lot for me to learn how to say “about” instead … The post Bedard Breaks Down Sending MVN in Other Languages appeared first on AccountsRecovery.net.

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TCN Launches Online Regulation F Guide for Collection Agencies to Maintain Compliance in Their Communication Practices

Account Recovery

ST. GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc., a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs, and collection agencies, today announced the launch of “A Comprehensive Guide to Regulation F and How It Impacts Debt Collection,” an online guide that details the new rules announced by the Consumer Financial … The post TCN Launches Online Regulation F Guide for Collection Agencies to Maintain Compliance in Their Communication

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Holiday Travel: The Pros and Cons of Booking Now

Nerd Wallet

For the thousands of travelers who intended to fly on Southwest Airlines during Columbus Day/Indigenous Peoples Day weekend — but instead had their flights canceled — no amount of advance planning could have guaranteed a smooth arrival. Instead, even the most proactive planners were left scrambling to book last-minute flights on other airlines. While you.

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State Appeals Court Reverses Ruling, Puts Agency on Hook for Debtor’s Legal Fees

Account Recovery

For companies in the accounts receivable management industry, knowing when to settle a lawsuit or continue defending it is a decision that is never simple or straightforward. Settle and you save money now, but possibly paint a target on your back for more lawsuits. Fight and you may stop future lawsuits from being filed, but … The post State Appeals Court Reverses Ruling, Puts Agency on Hook for Debtor’s Legal Fees appeared first on AccountsRecovery.net.

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Credit Card Tips for the Holidays

Credit Corp

According to one survey, Americans carried over $1,380 in holiday debt in 2020. It might not sound like much, but it’s a dollar figure that can haunt budgets for months or years if you’re not using credit responsibly. For example, $1,380 on a credit card with 17% interest can take you more than 5 years to pay off if you make only minimum payments—and you’ll pay over $2,000 just in interest.

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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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New Job Listings This Week

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post New Job Listings This Week appeared first on AccountsRecovery.net.

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5 Mistakes That Can Lead to a Bad Car Loan

Nerd Wallet

As if we need more bad news about car buying, an analysis by Consumer Reports shows that many Americans are drastically overpaying for their car loans. And we can’t place all the blame on the pandemic or supply chain problems. In one case, Consumer Reports found that a Maryland resident with “sterling credit” who bought. Philip Reed writes for NerdWallet.

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Celebrating Native American Heritage Month

Prosperity Now

Native American Heritage Month is a time to honor and commemorate Native American culture while also acknowledging the historical wrongs

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Ask a Travel Nerd: How to Skip Lines at the Airport

Nerd Wallet

Long airport lines during a holiday travel season that coincide with a pandemic are ruthless. That is, for most people. But you are not most people. You’ve turned to the Nerds, and we know not only how to avoid lines at airport security, but how to avoid paying for the privilege. Apply for TSA PreCheck. Sally French writes for NerdWallet. Email: sfrench@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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Labor & Employment E-Note November 2021

Burr Forman

Resources. Safer Federal Workforce Task Force Updates Guidance for Federal Contractors. On November 10, 2021, the Safer Federal Workforce Task Force updated its Guidance for Federal Contractors (“Guidance”). As discussed in earlier updates, all federal contracts meeting certain criteria issued after November 15 incorporate the Guidance through FAR Clause 52.223-99 or an agency-specific version of it.

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Ask a Travel Nerd: How Tech Can Help You Travel This Holiday

Nerd Wallet

Whether it was switching from cash to credit card payments, washing your hands more frequently or donning a mask to hop on the bus, the COVID-19 pandemic likely changed a lot of your everyday habits. Unsurprisingly, you’ll probably also need to adjust some travel habits. These days, don’t plan on cruising up to an open. Sally French writes for NerdWallet.

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I, Cobot: Humans and Machines Team Up to Fight Fraud

Fico Collections

It is a new buzzword for me: cobot, or collaborative robot, “a robot intended for direct human-robot interaction within a shared space.” And I got a few HAL vibes when reading a Harvard Business Review article on cobots that says: “Firms achieve the most significant performance improvements when humans and machines work together. Through such collaborative intelligence, humans and AI actively enhance each other’s complementary strengths: the leadership, teamwork, creativity, and social skills of

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TV Black Friday 2021 Deals: Are They Worth It?

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Black Friday sales are well underway, and as usual, there are heaps of TV deals front. Lauren Schwahn 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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Utility Bills and Bankruptcy

Sawin & Shea

When you are behind on payments to numerous creditors, you may decide to prioritize some payments over others, such as utility bills. Having your utilities shut off can be a disaster, especially if there are children in the household. So, you may be faced with a difficult decision when it comes to deciding which bills to pay. However, it’s important to keep in mind that paying one creditor and not another can be seen as preferential treatment should you decide to file for bankruptcy.

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Passive Investing: What It Is and How It Works

Nerd Wallet

What is passive investing? To understand passive investing, think of the saying, “slow and steady wins the race.” Passive investing is when you buy securities that mirror stock market indexes, then hold them long term. “And the goal of you investing this way is that you basically want to replicate the returns of that particular. Elizabeth Ayoola writes for NerdWallet.

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Utility Bills and Bankruptcy

Sawin & Shea

When you are behind on payments to numerous creditors, you may decide to prioritize some payments over others, such as utility bills. Having your utilities shut off can be a disaster, especially if there are children in the household. So, you may be faced with a difficult decision when it comes to deciding which bills to pay. However, it’s important to keep in mind that paying one creditor and not another can be seen as preferential treatment should you decide to file for bankruptcy.

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What Is a Joint Loan?

Nerd Wallet

A joint loan allows you to get a loan with another person, known as a co-borrower, who shares ownership of the loan and responsibility for repayment. Mortgages and auto loans are commonly joint loans, but you can also get a joint personal loan. Joint personal loans are good options for borrowers whose credit scores or. Chanell Alexander 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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New NY State Law Will Reduce Legal Interest on Consumer Claims

FFGN COLLECT NY

The legal rate of interest that can be awarded in a money judgment against an individual person is expected to be reduced as New York continues to protect the rights of individuals. The laws of usuary, which specifies the legal rate of interest that can be charged to a consumer is not at issue at this time. What is awaiting the Governor’s signature is the percentage rate of interest that can be included in a money judgment entered against an individual.

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5 Hostel Safety Tips for Shared Travel Accommodations

Nerd Wallet

Booking a private room in accommodations that include shared community spaces can be a great way not only to save money while traveling, but also meet like-minded travelers. Alternatively, to save even more money, you might consider staying in a hostel dorm, where you share both sleeping space and community space. According to a 2020. Elina Geller writes for NerdWallet.

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FTC Report Highlights Disproportionate Impact of Consumer Fraud on Minority Communities

Troutman Sanders

The Federal Trade Commission (FTC) recently released a “Serving Communities of Color” report that details fraud and consumer issues that have a disproportionately negative impact on communities of color. This report is the latest installment released by the FTC on the topic and follows prior initiatives, such as the 2014 “ Every Community Initiative ” that helped the FTC develop a strategic plan for addressing disparities in communities of color and the June 2016 “Combating Fraud in African-Amer

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Amazon Gives New Prime Cardholders $200, No Strings Attached

Nerd Wallet

The holiday season is right around the corner, and Amazon is delivering gift card bonuses just in time for the giving season. Starting Nov. 17 through Nov. 30, 2021, Amazon Prime members who apply and are approved for the Amazon Prime Rewards Visa Signature Card will instantly get a $200 Amazon gift card. Unlike many new credit. Funto Omojola 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.