Thu.May 05, 2022

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Getting to Know Debbie Frank of Credit Bureau Services

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 Debbie Frank of

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Surge in Landlords seeking Rent Arrears Debt Collection

UK debt collections

There has been a significant increase in the number of landlords seeking rent arrears debt collection action to recover lost rent, according to eviction firm Landlord Action. The debt collection industry has seen a sharp rise in landlords requesting information on how to recover unpaid private housing rent. Debt Collection for unpaid rent is a well sought after service but is notoriously difficult especially in the current climate.

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Papaya and Applied Innovation Partner to Enable Frictionless Payment Methods for Accounts Receivable Management

Account Recovery

LOS ANGELES, CA – May 4, 2022 – Papaya, a modern bill payment platform that uses proprietary computer vision technology to simplify bill payments for consumers, today announced its partnership with Applied Innovation, a software development company that provides a suite of solutions for the Accounts Receivable Management (ARM) industry to automate workflow and improve … The post Papaya and Applied Innovation Partner to Enable Frictionless Payment Methods for Accounts Receivable

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Smart Money Podcast: Travel Diary: Cut Costs on Weightlifting Trip

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this week’s episode, a Travel Nerd shares her story about going to New Mexico for a weightlifting meet and how she saved money along the way. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take To. Sally French 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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Bill Introduced in House to Strengthen Efforts to Identify Sources of Illegal Robocalls

Account Recovery

A pair of bills have been introduced in Congress that seeks to strengthen private efforts to identify the origin of robocalls by offering immunity to anyone who shares information about unlawful activity. In the House of Representatives, H.R. 7598 was introduced by Rep. Bob Latta [R-Ohio], the ranking member of the House Energy & Commerce … The post Bill Introduced in House to Strengthen Efforts to Identify Sources of Illegal Robocalls appeared first on AccountsRecovery.net.

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CFPB Fines BofA $10M for Improper Garnishments

Account Recovery

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Bank of America, in which the nation’s second-largest financial institution will pay a fine of $10 million after it was accused of unlawfully garnishing $592,000 from its customers’ bank accounts. A copy of the settlement order can be accessed by clicking here.

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How to Save Money on Flights

Nerd Wallet

Is it your first time taking to the skies or are you an airline warrior anxious to hop back into that narrow metal tube? Whatever the reason and even though tickets can be expensive, there are ways to save money when booking flights. Here’s a look at how to save money on flights, tips for. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Daily Digest – May 5. Getting to Know Debbie Frank of Credit Bureau Services; CFPB Fines BofA $10M for Improper Garnishments

Account Recovery

GETTING TO KNOW DEBBIE FRANK OF CREDIT BUREAU SERVICES One of the great benefits of working in the accounts receivable management industry is the willingness to collaborate, the understanding that a rising tide lifts all boats. Perhaps nobody appreciates that — and embodies it — more than Debbie Frank. Helping you become better faster is … The post Daily Digest – May 5.

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To Fight Inflation, Take Down Food Expenses

Nerd Wallet

Like many shoppers, I’ve noticed my grocery bill getting bigger each week: February food prices were 7.9% higher than they were a year ago, according to the U.S. Department of Agriculture’s Economic Research Service. To compensate for my family’s busy spring schedule, I’d also been turning to shortcuts like prepackaged snacks and meal kits, which. Kimberly Palmer writes for NerdWallet.

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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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AGs Call on President to Cancel Student Loan Debt, While Memo From Former Ed. Dept. Lawyer Says Move Would be ‘Legally Risky’

Account Recovery

A group of eight state attorneys general have sent a letter to President Biden, urging him to cancel all outstanding federal student loan debt, while at the same time, an attorney who worked in the Department of Education under President Obama has written a memo, outlining why such a move would be “legally risky” according … The post AGs Call on President to Cancel Student Loan Debt, While Memo From Former Ed.

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Russell 2000 Index Explained

Nerd Wallet

What is the Russell 2000? The Russell 2000 Index follows the performance of a group of roughly 2,000 small-cap stocks. Its focus on smaller companies makes it a common economic indicator for that segment of the U.S. market, which includes public companies with market capitalization between $250 million and $2 billion. » MORE: What is. Taryn Phaneuf writes for NerdWallet.

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CFPB Supervisory Report Finds Issues in Several Financial Institution Practices

Troutman Sanders

On May 2, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Supervisory Highlights report on legal violations discovered during examinations in the second half of 2021. The Supervisory Highlights detail issues identified by CFPB examination teams across a wide number of segments of the consumer financial services industry. Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits

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4 Reasons to Be Glad You Can Book Qatar Airways With Avios

Nerd Wallet

On March 23, Qatar Airways dropped the name Qmiles and adopted Avios as the name of its mileage currency. If that name sounds familiar, that’s because Avios is the mileage currency of British Airways, Iberia Airlines, Aer Lingus and Vueling. While all of these airlines use the same name for their mileage currency, each airline. JT Genter writes for 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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Introduction to The Consumer Finance Podcast

Troutman Sanders

The Consumer Finance Podcast provides reliable, insightful, and entertaining industry-specific content central to consumer finance services. Hosted by veteran Troutman Pepper CFS Partner Chris Willis, this podcast features industry experts, insiders, and other Troutman Pepper attorneys delivering easily digestible segments on a variety of topics.

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What Is a Private Party Auto Loan?

Nerd Wallet

Private-party auto loans help you pay for a car you buy from an individual, such as a family member or on Craigslist. When you purchase a car from a private seller, you won’t have a car dealership finance department to set up financing. You can find private-party auto loans at banks, credit unions and online. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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You’re Invited: The Possibilities, and Pitfalls, for Testing Non-Credit Operations for Discrimination

Troutman Sanders

Register Here Tuesday, May 17 • 12:00 – 1:00 p.m. ET. The CFPB’s recent announcement that it will now be examining non-credit products, services, and processes for discrimination under the Bureau’s UDAAP authority raises the question of how financial services companies should go about testing various aspects of their operations for potential discrimination.

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Guide to Using Zelle for Business: Pros, Cons, How It Works

Nerd Wallet

Zelle is a peer-to-peer, or P2P, money transfer service and digital payment network. It’s co-owned by seven major U.S. banks and is compatible with most U.S. banks and credit unions. Once you enroll with the service through your bank’s mobile app, you can send and receive money directly from your bank account. The platform extended. Dalia Ramirez 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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Client Alert: IRS Announces 2023 Adjustments for HSAs & Excepted Benefit HRAs

Fraser

The IRS has released its 2023 annual inflation adjustments for Health Savings Accounts (“HSAs”) as determined under Section 223 of the Internal Revenue Code. Specifically, IRS Revenue Procedure 2022-24 provides the adjusted limits for contributions to a HSA, as well as the high deductible health plan (“HDHP”) minimums and maximums for calendar year 2023.

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How Transaction Analytics Transform Lending Speed and Results

Fico Collections

How can transaction analytics deliver a major competitive advantage in lending? This is the topic I will be discussing at the Gartner Data & Analytics conference May 9-11 in London. Here’s a preview. The pandemic highlighted the over-reliance of banks on traditional data when making credit decisions. The sudden nature of the lockdowns had an immediate impact on incomes for consumers and the businesses that supported them.

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