Account Recovery
SEPTEMBER 23, 2021
Starting today, individuals who owe the Internal Revenue Service for unpaid taxes may be contacted by one of three private collection agencies, after the IRS announced it had awarded contracts to the companies. The three companies receiving contracts are: CBE Group, Coast Professional, and ConServe. CBE and ConServe previously received contracts from the IRS.
Nexa Collect
SEPTEMBER 23, 2021
Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. To a standard person, it may appear that contacting a debtor either way (traditional or electronic) is the same, a contact made is a contact made regardless of the medium. right?
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Account Recovery
SEPTEMBER 23, 2021
The California Department of Financial Protection and Innovation has issued its first enforcement action against a debt buyer and debt collector, fining a firm $375,000 for allegedly breaking state and federal law by unlawfully threatening to sue consumers and submitting negative information to credit bureaus without notifying consumers. A copy of the enforcement action, against … The post California DFPI Fines Collector, Debt Buyer $375k appeared first on AccountsRecovery.net.
Collect More
SEPTEMBER 23, 2021
“The telephone is your best friend! Don’t be scared of the phone”!!! I really wish I could shout this constantly from the rooftops to every business owner in this country. The amount of people who are petrified of calling their overdue customer is crazy. Just yesterday I received an email from someone owed $210 admitting they “were too chicken to call so I just email” This really does break my heart and I shudder to think of the hundreds of millions and millions of
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.
Account Recovery
SEPTEMBER 23, 2021
Another bill has been introduced in the Senate that would require the Consumer Financial Protection Bureau’s budget to be approved by Congress as a means of instituting checks and balances against what the sponsor of the bills calls a “radical nominee” who is set to take over running the agency. S.2790, The Consumer Financial Protection … The post Bill Introduced in Senate to Subject CFPB to Congressional Appropriations Process appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
SEPTEMBER 23, 2021
GETTING TO KNOW SCOTT MORRIS OF TROMBERG, MORRIS & POULIN The calm inside the storm. Those are the type of people you want to be around. And Scott Morris is proof of that. The people, who, when things are at their craziest, they know exactly what to do and how to do it. Read on … The post Daily Digest – September 23. Getting to Know Scott Morris; DFPI Fines Collector $375k appeared first on AccountsRecovery.net.
Nerd Wallet
SEPTEMBER 23, 2021
Few retirement decisions are as critical, or as easy to get wrong, as when and how to take your Social Security benefits. The rules can be so convoluted that many people rely on what they’re told by Social Security employees, but that could prove to be an expensive mistake. Certified financial planner Kate Gregory of. Liz Weston writes for NerdWallet.
Account Recovery
SEPTEMBER 23, 2021
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 Scott Morris of
Nerd Wallet
SEPTEMBER 23, 2021
The debate over student loan debt often neglects a significant group: parents. About 1 in every 3 dollars the federal government lent for undergraduate education last year were in a parent’s name. In total, federal parent loan debt is over $103 billion across more than 3.6 million borrowers, according to the office of Federal Student. Cecilia Clark writes for NerdWallet.
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Prosperity Now
SEPTEMBER 23, 2021
Supporting CDFIs Led by and Serving Black Communities In 2020 Prosperity Now made a strategic decision to reenergize our focus
Nerd Wallet
SEPTEMBER 23, 2021
When it comes to compensation, the more you make, the more you pay — in taxes, that is. So if your employer provides you with the option of deferred compensation, it can be an intriguing way to put off that tax burden. However, weighing all the benefits and drawbacks can help you determine if using. Tiffany Lam-Balfour writes for NerdWallet. Email: tlambalfour@nerdwallet.com.
Public Citizen
SEPTEMBER 23, 2021
Daniel Wilf-Townsend of Chicago has written Assembly-Line Plaintiffs, Forthcoming in the Harvard Law Review. Here is the abstract: Around the country, state courts are being flooded with the claims of massive repeat filers. These large corporate plaintiffs leverage economies of scale to bring tremendous quantities of low-value claims against largely unrepresented individual defendants.
Nerd Wallet
SEPTEMBER 23, 2021
Marriott Bonvoy offers its loyalty program members two ways of booking free night awards: with Bonvoy points or with free night awards. Points can be accumulated by staying at Marriott properties and by making purchases on co-branded credit cards. Most free night awards come from holding and renewing Marriott credit cards issued by American Express.
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?
Credit Corp
SEPTEMBER 23, 2021
This article originally appeared on The Financially Independent Millennial and was republished with permission. Regardless of your income, you can become financially independent. For starters, adopting a positive mindset can pave the path to financial independence. Here’s how to live the lifestyle you deserve without breaking the bank. What’s the secret to spending less and living well?
Nerd Wallet
SEPTEMBER 23, 2021
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. For the next few weeks we’re diving deep into investing to teach you everything you need to.
Troutman Sanders
SEPTEMBER 23, 2021
In Rodenburg LLP v. The Cincinnati Insurance Company , No. 20-2521 (8th Cir. August 25, 2021), the Eighth Circuit upheld a district court’s grant of summary judgment in favor of an insurance company that was sued by a law firm, finding that the insurance company was not obligated to defend a Fair Debt Collection Practices Act (FDCPA) lawsuit filed against the law firm arising out of collection activities it mistakenly initiated against the wrong person.
Nerd Wallet
SEPTEMBER 23, 2021
If you’re planning to travel by air soon, you have a lot of airline options available. Choosing which airline brand to book a ticket with is a big decision, and your choice can impact your entire trip experience. The booking process, the type of customer service you encounter and your comfort level during the flight. Natasha Gabrielle writes for NerdWallet.
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Credit Management Company
SEPTEMBER 23, 2021
Long before the invention of computers, doctors and nurses needed to keep information on their patients. The data that was collected focused primarily on health issues. Now, we know more than allergies, surgeries, immunizations, illnesses, and results of tests. We know communication preferences. The amount of data that’s collected in every industry—including healthcare—keeps growing.
Troutman Sanders
SEPTEMBER 23, 2021
Earlier this month, the U.K.’s Age-Appropriate Design Code (referred to as the “Children’s Code”) took effect. The Children’s Code is not a law per se, but rather a set of 15 flexible standards that apply to online services, such as apps, online games, and web and social media sites, likely to be accessed by children in the U.K. The Children’s Code is meant to assist businesses in creating and maintaining age-appropriate services and fairly processing children’s data consistent with the GDPR.
Prosperity Now
SEPTEMBER 23, 2021
Advocacy for the CARES Act As the COVID-19 crisis hit and the federal government began to react to impending economic
Burr Forman
SEPTEMBER 23, 2021
This past Tuesday, September 21, the chorus calling for more regulation over crypto reached a sort of crescendo. The SEC. Earlier, in September 14 testimony before the Senate Banking Committee [1], former CFTC and current SEC Chair Gensler noted that cryptocurrencies sit astride several different regulatory regimes, posing broad risks: “Currently, we just don’t have enough investor protection in crypto finance, issuance, trading, or lending.
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.
Prosperity Now
SEPTEMBER 23, 2021
The Unequal Impact of the COVID-19 Crisis on Households’ Financial Stability In April 2021, we released a brief showing the
Prosperity Now
SEPTEMBER 23, 2021
COVID-19: New Crisis, Same Story!
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