Wed.Jun 02, 2021

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WDWI Judge Dismisses FDCPA Case for Lack of Standing

Account Recovery

A District Court judge in Wisconsin has dismissed a Fair Debt Collection Practices Act case for lack of standing, following a ruling in a similar case that was issued recently by the Seventh Circuit Court of Appeals. A copy of the ruling in the case of Fansler v. Messerli & Kramer, LVNV Funding can be … The post WDWI Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Cash flow and customers-How fuel dealers build better cash flow

American Profit Recovery

If you are in the oil delivery business or are a propane retailer, then you know the challenges of cash flow. In many areas of the country, your business can be seasonal and your ability to manage cash flow is very important to be able to get through the year. We have been working with fuel dealers for many years here and understand some of the financial challenges that many in this industry face.

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Baker’s Dozen of New Amicus Briefs Filed in Support of Hunstein Petition for Re-Hearing

Account Recovery

If there was any doubt over the importance of the Hunstein case to the accounts receivable management industry, and to the camaraderie and support that companies in this industry have for one another, and that every lawyer in the country was working over the Memorial Day holiday weekend, look no further than the amicus briefs … The post Baker’s Dozen of New Amicus Briefs Filed in Support of Hunstein Petition for Re-Hearing appeared first on AccountsRecovery.net.

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Why You Should Consider a ‘Second City’ Trip in 2021

Nerd Wallet

Even if you’re fully vaccinated, you might not want your next trip — and perhaps your first trip in over a year — to be in a packed, urban metropolis. Enter the “second city” trip. Second city is a somewhat ambiguous term, but it’s generally used to refer to the second-most populous city in a. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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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Judge Grants MSJ in TCPA Case Over Collection Calls

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case after it was sued for allegedly placing “several” hundred calls to the plaintiff’s cell phone in an effort to attempt to collect a debt, ruling that the technology used by the defendant did … The post Judge Grants MSJ in TCPA Case Over Collection Calls appeared first on AccountsRecovery.net.

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Logos Capital Systems Announces Monthly Charity Initiative

Account Recovery

Logos Capital Systems announces a new monthly charity initiative that gives top performing employees an opportunity to donate to the charitable organization of their choice. Our team of receivables management professionals is incredibly engaged in our corporate social responsibility efforts and dedicated to making an impact in our communities. We empower our team to allocate … The post Logos Capital Systems Announces Monthly Charity Initiative appeared first on AccountsRecovery.net.

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The 16 Best Pop-Up Shop Ideas for 2021

Nerd Wallet

Whether you started a business online or in a brick-and-mortar location, pop-up shops are a great way to increase your brand awareness, gain customers, and drive sales. Although there’s been a move away from brick-and-mortar stores as ecommerce has grown, many brands are finding that customers still like to experience their products or services and.

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Bedard Discusses Itemization Date, Other Validation Information Definitions in Latest Episode of “You Wanted a Rule, You Got a Rule”

Account Recovery

If there is one particular component of Regulation F — the Debt Collection Rule from the Consumer Financial Protection Bureau — that has tripped up and confused more people in the months since the rule was released, it is the itemization date that will need to be included in the validation letter that collectors send … The post Bedard Discusses Itemization Date, Other Validation Information Definitions in Latest Episode of “You Wanted a Rule, You Got a Rule” appeare

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Applying advanced analytics to improve cash collection

Qualco

What happened when a leading loan servicing organisation looking to optimise its treatment process and increase cash collections decided to leverage enhanced analytics? Our new case study showcases the impact of harnessing predictive analytics into one of our client’s overall collection process and gives a full view of the approach used to achieve significant positive results.

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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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Daily Digest – June 2. Bedard Discusses Itemization Date; 13 New Amicus Briefs Filed Supporting Hunstein Petition

Account Recovery

BEDARD DISCUSSES ITEMIZATION DATE, OTHER VALIDATION INFORMATION DEFINITIONS If there is one particular component of Regulation F — the Debt Collection Rule from the Consumer Financial Protection Bureau — that has tripped up and confused more people in the months since the rule was released, it is the itemization date that will need to be … The post Daily Digest – June 2.

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How a Mortgage Nerd Bought a House in a Seller’s Market

Nerd Wallet

I closed on my house about eight months ago, but it feels like it was in another lifetime. Yes, the COVID-19 pandemic makes time feel bizarrely elastic, but also, the housing market has undergone dramatic changes during that time period. As a writer focused on mortgages and homeownership, it’s my job to watch this stuff, Kate Wood writes for NerdWallet.

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What to Know About Medical Bills Sent to Collections

Credit Corp

If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. Medical bills that you don’t know about could be hurting your credit—and the odds are not in your favor. In fact, the Consumer Financial Protection Bureau reports that around 31.6% of adults in the United States have collections accounts on their credit reports.

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Opening a Domino’s Pizza Franchise: Info and Costs

Nerd Wallet

In the U.S., it’s almost impossible to not have heard of Domino’s. A staple of main streets and sports arenas alike, Domino’s has a wide reputation and a steady fan base across the country. If you’re curious about franchising, opening a Domino’s pizza franchise may be just the right endeavor. In this guide, we’ll cover. Christine Aebischer 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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Unlawful Commercial Evictions: A Cautionary Tale for Commercial Landlords Wanting to Use Self-Help to Retake Possession of Leased Property

Jimerson Firm

Using “self-help” as a means to evict commercial tenants is no longer acceptable and likely to result in a lawsuit against the commercial landlord. When a tenant fails to pay rent as it becomes due, breach appears to be undisputed. After all, paying rent is typically why the tenant is allowed to occupy the leasehold in the first place. Jumping to conclusions, it may seem reasonable for a commercial landlord to take actions to remove the tenant without a court order of possession because the c

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What Is Accounts Receivable Factoring?

Nerd Wallet

When a business has an unpaid customer invoice but can’t wait 30 to 90 days for a payment, accounts receivable factoring may offer a solution. Here’s how it works: The business owner sells an invoice to a factoring company, which pays the business owner a large percentage of the invoice as an advance. The factoring. Rosalie Murphy writes for NerdWallet.

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Client Alert: PCORI Fees Due by July 31, 2021!

Fraser

In Notice 2020-84 , the Internal Revenue Service set forth the PCORI amount imposed on insured and self-funded health plans for policy and plan years that end on or after October 1, 2020 and before October 1, 2021. Background. The Patient-Centered Outcomes Research Institute (PCORI) fee is used to partially fund the Patient-Centered Outcomes Research Institute which was implemented as part of the Patient Protection and Affordable Care Act.

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The Economics of Running a NYC Corner Deli

Nerd Wallet

Part grocery store, part deli, part variety store, and everything else in-between, bodegas—interchangeably called delis and corner grocers—are essential to every New York neighborhood, selling everything from beer to toiletries. The best part about all of this? Every bodega is always conveniently located down the street. But bodegas today no longer thrive like their early.

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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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Inhumanity Exposed, Remedy Enhanced in ‘Shocking’ Involuntary Servitude Case

Burr Forman

This article was originally printed in the June 2021 issue of South Carolina Employment Law Letter. Click here for a pdf. It’s one of the most horrific cases with employment implications to be decided in recent years. The U.S. 4th Circuit Court of Appeals (which covers South Carolina employers) recently held the Trafficking Victims Protection Act (TVPA) (a statute passed to implement the Thirteenth Amendment against slavery or involuntary servitude) requires a person found guilty of obtaining fo

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How to Make the Most of Copa Airlines Business Class

Nerd Wallet

Copa Airlines is a Latin American airline based in Panama City, Panama, that flies to over two dozen countries across North, Central and South America. If you’re considering flying Copa Airlines between continents, or even shorter distances, you may wonder what Copa Airlines business class is like — including the service and benefits you can. Josh Garber writes for NerdWallet.

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Did You Know Options Can Increase Payments?

Credit Management Company

Before smartphones, life had forced boundaries. An email was just accessed from a computer, only friends and family knew your cell phone number, and landline phones were the way you reached others. And, when a business needed to contact you, they sent a letter or called your home phone number. That all changed in 2007 when the iPhone hit the market.

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What Are Premium Bank Accounts?

Nerd Wallet

Key takeaways Premium bank accounts include checking and savings accounts. A premium bank account might reward you for relationship banking — that is, having multiple financial accounts with the same bank. Rewards include higher interest rates on deposit accounts, free or waived fees for ATM use and other services, and higher limits on transactions.

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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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Four Ways Electronic Payments Shape Your High-Risk Business

Payment Savvy

As a high-risk business owner, whether you are operating on a large or small scale, it is crucial to accept electronic payments. More and more consumers are demanding electronic payments, and incorporating these systems can place your business on the path to success. Electronic payments refer to credit and debit card payments that can either be made online or physically at brick-and-mortar stores.

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The Complete Guide to Buying a Franchise

Nerd Wallet

There’s almost no possibility you haven’t walked into a franchised business. Restaurants, spas, exercise studios—they’re everywhere. Franchises can be highly lucrative with the right combination of management and location, but they can also have a big upfront investment. Here, we’ll review the ins and outs of buying a franchise, so if you’re interested in pursuing.

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Rick Steinberg to attend Conference of Freight Counsel

Price Meese

Rick Steinberg will be attending the Conference of Freight Counsel in Annapolis, MD on June 5-7 and giving several presentations regarding various transportation law cases and issues. Rick practices in the areas of transportation law, commercial litigation and bankruptcy. The post Rick Steinberg to attend Conference of Freight Counsel appeared first on Price, Meese, Shulman & D’Arminio, PC.

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12 Travel Business Ideas

Nerd Wallet

If there is one thing most people can agree on, it’s that traveling is one of life’s great pleasures. Exploring new cultures, visiting the world’s great wonders, spending days following your instincts and trying exotic foods—there’s a lot to love about discovering new places. If you want to take your love of travel to the. Jacqueline DeMarco 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.