Account Recovery
MAY 6, 2021
In the process of announcing its financial report for the first quarter of 2021, FICO — the company behind the original credit score — announced it was divesting itself of its debt collection and recovery business, selling it to Constellation’s Jonas Software, an enterprise management software company. Terms of the deal were not disclosed.
Nexa Collect
MAY 6, 2021
If you own a business, you are likely looking for ways to be more efficient and save money every day. Whether it’s in how you operate, creating efficiencies, removing obstacles, settling deals, or in how you power your facilities, there are savings to be found. Especially when you consider switching to solar energy. Rooftop solar for homes has been around for decades, and likewise, there are many businesses that have adopted this clean, affordable, reliable way of powering the things they do eac
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Account Recovery
MAY 6, 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 Jill Kennady of
Nerd Wallet
MAY 6, 2021
Starting a new business can be thrilling and rewarding. But the road from idea to reality can also be long and tough — especially for entrepreneurs who face credit struggles. Here are the stories of three now-successful entrepreneurs, how they got their credit on track, and the lessons they learned. From prison to business launch. Erin Hurd writes for NerdWallet.
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
MAY 6, 2021
What determines whether an investigation into a disputed debt is reasonable or not? A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case, saying that its policies and procedures were “beyond question” in making sure a debt was … The post Judge Grants MSJ for Defendant in FDCPA, FCRA Case Over Alleged ID Theft 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
MAY 6, 2021
The Centers for Disease Control & Prevention’s moratorium on evictions in the wake of the COVID-19 pandemic took another turn yesterday, with a District Court judge in the District of Columbia ruling that the agency overstepped its bounds by saying that individuals could not be evicted during the pandemic. The ruling occurred on the same … The post Judge Strikes Down CDC’s Ban on Evictions; DOJ Plans to Appeal appeared first on AccountsRecovery.net.
Nerd Wallet
MAY 6, 2021
This article has been reviewed by tax expert Erica Gellerman, CPA. It’s likely that you’re familiar with what bookkeepers and certified public accountants do, but these aren’t the only types of financial professionals available to business owners. A lesser-known but equally noteworthy title is that of the enrolled agent, which is the highest credential a tax.
Account Recovery
MAY 6, 2021
GETTING TO KNOW JILL KENNADY OF RESURGENT CAPITAL SERVICES Much of the work that Jill Kennady did before entering the accounts receivable management space gave her a solid foundation on which to build her career — working in social work and mental health counseling. Having found a home at Resurgent Capital Services, Jill has been … The post Daily Digest – May 6.
Nerd Wallet
MAY 6, 2021
As Americans ponder post-pandemic travel, AmEx and Hilton are boosting the welcome bonuses on several of their co-branded credit cards. As of May 6, 2021, Hilton enthusiasts who qualify for the Hilton Honors American Express Card, the Hilton Honors American Express Surpass® Card or The Hilton Honors American Express Business Card can earn extra points: The Hilton.
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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.
Credit Corp
MAY 6, 2021
This article originally appeared on Transcription Outsourcing and has been republished with permission. Now may be the ideal time to ditch the corporate gig and become a freelancer. Working for yourself comes with many perks, such as setting your own hours, working remotely, and sometimes working from multiple locations. Knowing how to financially succeed as a freelancer can be challenging in the beginning.
Nerd Wallet
MAY 6, 2021
ShopKeep and Square are both top-notch merchant services providers that offer point-of-sale software, hardware and payment processing. While Square’s POS system offers more features and is generally more affordable than ShopKeep, ShopKeep offers superior access to customer service and is more customizable. If you’re less experienced in the world of merchant services, ShopKeep might be a better.
Fraser
MAY 6, 2021
As explained in previous Client Alerts, the American Rescue Plan Act of 2021 (“ARPA”) requires that employers provide 100% COBRA subsidies to certain assistance eligible individuals from April 1, 2021 through September 30, 2021. Not only will COBRA be fully paid for these individuals during this time period, but eligible individuals who had previously declined COBRA (or who had elected COBRA and dropped it) have a second chance to elect and take advantage of the subsidized COBRA coverage.
Nerd Wallet
MAY 6, 2021
Las Vegas is a city that has something for everyone, whether that’s shows, gambling, eating or pools. But that doesn’t mean that every hotel property has amenities that are right for all visitors. For instance, if you need a weekend away with your partner, you probably don’t want a hotel overrun with children. Likewise, if. Michael Friedman writes for NerdWallet.
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?
Troutman Sanders
MAY 6, 2021
In Tinsley v. Fairway Collections, LLC , the Western District of Washington recently issued an opinion finding that dismissal of a consumer’s FDCPA claim was not warranted because she alleged not owing the underlying debt at the time a collection lawsuit was filed against her. The court also found that a consumer does not need to allege that the collection lawsuit filed against her was in bad faith in order to assert a violation of the FDCPA.
Nerd Wallet
MAY 6, 2021
You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars. You hit a bunch. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.
Troutman Sanders
MAY 6, 2021
A district court judge in California has certified a FDCPA letter class involving billing and collection letters sent by a collection company used by Hertz car rental agency. The plaintiff in DeNicolo v. Hertz Corp. alleges that the letters, sent to consumers after Hertz allegedly discovered damage to the returned rental cars, were attempts to collect a debt sent without the mini-Miranda notice.
Nerd Wallet
MAY 6, 2021
OpenEdge is a merchant services provider that allows you to integrate payments into an existing platform via a common API. OpenEdge is touted as being a simple service for developers. It comes with a hosted payments page, virtual terminal, desktop application and more. Pricing is quote-based, and users have complained about unfair rates and hidden. Matthew Speiser writes for NerdWallet.
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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.
Fico Collections
MAY 6, 2021
In my previous post I talked about external data and data ingestion capabilities a financial platform must have. Now I’d like to describe the capability of developing big data characteristics characteristics from the data, how important this capability is for a financial platform and how banks can use this capability to boost the value received from the data they can access.
Nerd Wallet
MAY 6, 2021
Sellfy is an e-commerce platform designed specifically for selling digital products, such as music, illustrations, photos, books or videos in digital files. It’s best for digital product businesses that want a comprehensive online store solution that is quick and easy to create and manage. However, businesses that consider using Sellfy also have to be willing to.
PDC Flow
MAY 6, 2021
Ogden, Utah – As part of their ongoing dedication to provide secure, convenient payment communications to consumers, PDCflow announces new bank account tokenization capabilities for ACH payments. ACH tokenization enhances the already strong data security and fraud protection within PDCflow’s User Interface (UI) without impacting current or future merchant operations.
Nerd Wallet
MAY 6, 2021
The Delta SkyMiles® Gold American Express Card is a great tool for travelers who want to earn SkyMiles for their spending and enjoy other perks for a mid-range annual fee of $0 intro for the first year, then $99. Terms apply. Some travelers may find that SkyMiles are difficult to use because the number of. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.
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.
Troutman Sanders
MAY 6, 2021
Judge James Teilborg of the U.S. District Court Judge for the District of Arizona awarded Thomas McDermott over $17,000 in damages and attorney’s fees after he obtained a default judgment against collection agency, Perfection Collection LLC (Perfection Collection), for violating the Fair Credit Reporting Act (FCRA) by furnishing inaccurate information when it reported a delinquent home monitoring alarm system account (Account) that was more than seven years old.
On Guard
MAY 6, 2021
New Visma | Onguard research reveals determination among businesses to adopt the technology . Amsterdam, London, 6th May 2021 – Intelligent Automation (IA) is set to become the latest technology buzzword in the financial sector, with 94% of finance professionals stating they are looking to implement the technology. Despite this, 50% of finance professionals do not understand the technology or the benefits it can bring, according to the latest Fintech Barometer study conducted by Visma
Public Citizen
MAY 6, 2021
Prentiss Cox of Minnesota and Christopher Lewis Peterson of Utah have written Public Compensation for Public Enforcement, 39 Yale Journal on Regulation (2022). Here's the abstract: Public enforcement actions frequently result in the distribution of money to people affected by violation of market protection laws. This “public compensation” returns billions of dollars to consumers, investors, and others each year.
Burr Forman
MAY 6, 2021
“‘Please stay 6 feet apart.’ Since last March, these signs have shown up everywhere to remind us to remain socially distant in order to slow the spread of COVID-19. However, the distance that must be maintained between a former employee and your business information is far greater than the minimum social distancing guidelines set forth by the Centers for Disease Control…” To continue reading, download the PDF below or click the link below.
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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.
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