Thu.Dec 02, 2021

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Getting to Know Matthew Berumen of Credit Service Company

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 Matthew Berumen

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Can’t Keep Up? 4 Best Practices to Simplify Your Small Business

Nerd Wallet

As a small-business owner, the demands on your time are constant. Even if you don’t have a family to consider outside of work hours, you wear multiple hats at all times. You’re responsible for the vision of the company and may have to shoulder most or all of the execution, as well. And, if your. Katherine Fan writes for NerdWallet. Email: kfan@nerdwallet.com.

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CFPB Announces Crackdown on NSF, Overdraft Fees

Account Recovery

The Consumer Financial Protection Bureau yesterday put overdraft fees in its crosshairs yesterday, and already banks are responding by announcing they will no longer assess NSF fees when consumers spend more than they have in their bank accounts. Rohit Chopra, the Director of the CFPB, announced that the regulator is seeking to “restore meaningful competition” … The post CFPB Announces Crackdown on NSF, Overdraft Fees appeared first on AccountsRecovery.net.

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Resources for Reskilling: Worker Retraining Programs

Nerd Wallet

If you want to change your work life, you’ll likely need a new degree or certificate. There are many challenges to getting “reskilled.” These obstacles can be practical — like a lack of time or money — or emotionally rooted, as it’s a daunting prospect for any adult. Whether you want to go back to. Anna Helhoski writes for NerdWallet. Email: anna@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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Mainstream Media Picks up Scent of Social Media Contacts Following Enactment of Reg F

Account Recovery

When the Consumer Financial Protection Bureau issued its proposed debt collection rule back in May 2019, there were a rash of headlines in the mainstream media warning consumers that debt collectors were going to start messaging them on Facebook and other social media platforms. The government wants to let collectors be able to slide into … The post Mainstream Media Picks up Scent of Social Media Contacts Following Enactment of Reg F appeared first on AccountsRecovery.net.

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Daily Digest – December 2. Getting to Know Matthew Berumen; Judge Remands Class Back to State Court

Account Recovery

GETTING TO KNOW MATTHEW BERUMEN OF CREDIT SERVICE COMPANY When asked what they do better than anyone else, few people have the hardware to back it up. Matthew Berumen is one of those people. Perhaps missing his calling as a chili cook, Matthew has instead found a home in the accounts receivable management industry. Read … The post Daily Digest – December 2.

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How to Maximize Your ‘Health Span’

Nerd Wallet

We’re living longer on average, but the number of years we’re healthy hasn’t kept up. This lagging “health span” translates into more time living with serious illness and disabilities at the end of our lives. This can have significant repercussions for our retirements. Some of us will have our working lives cut short by ill. Liz Weston writes for NerdWallet.

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Judge Remands FDCPA Class Back to State Court, Orders Defendant to Pay Fees

Account Recovery

Trying to convince a federal judge that a plaintiff has standing to pursue a lawsuit is a tightrope walk for companies in the accounts receivable management industry. The company doesn’t want to admit to making a mistake, yet also needs to convince a judge that the plaintiff was harmed by whatever action he or she … The post Judge Remands FDCPA Class Back to State Court, Orders Defendant to Pay Fees appeared first on AccountsRecovery.net.

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9 States With No Income Tax

Nerd Wallet

Living in a state with no income tax is one strategy for lowering your overall tax burden. As of 2021, eight states — Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming — do not levy a state income tax. A ninth state, New Hampshire, does not tax earned income, but it does impose. Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com.

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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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Deploying a Debt Management and Collections System

Katabat

Why the Best Time is NOW. Up until a few weeks ago the economy was ticking right along, and everything was rosy on the collections front. But signs of inflation and economic uncertainty are looming and a rise in the likelihood of consumers defaulting is potentially just over the horizon. Which begs the question: When should you start thinking about upgrading your collection capabilities?

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First-Time Home Buyers Find Slowing Prices, Inventory Uptick in Q3

Nerd Wallet

Price growth slowed a skosh and inventory ticked up slightly across the nation’s biggest metros in the third quarter. And while many potential first-time buyers have found their savings bolstered during the pandemic, those who haven’t squirreled away a surplus will find these modest improvements underwhelming. National averages provide a good big-picture look at what’s.

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Counsel Ellen O’Connell prevails in Appellate Division case involving dispute over ownership of Bergen County Church property

Price Meese

On November 29, 2021, the Superior Court, Appellate Division held that the firm’s client, the Eastern Korean Presbytery of Presbyterian Church (USA), was the proper entity to control the assets of the defunct Palisades Presbyterian Church in Old Tappan, NJ. Former members of the Church unsuccessfully argued that they should have been awarded ownership and control of the Church and its assets because they had made the contributions for the construction of the church building.

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How to Get a Personal Loan in 6 Steps

Nerd Wallet

Shopping for a personal loan doesn’t have to be a complicated process. Knowing where to start and understanding how to compare offers can help you select the best personal loan. Below are six steps to guide you through the process of shopping for and getting a personal loan. 1. Check your credit score A high. Chanell Alexander 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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Think Fast: Banking Regulators Release Final Computer-Security Incident Notification Requirements

Troutman Sanders

Introduction. On November 18, federal banking agencies [1] issued the long-awaited final rule, [2] establishing data security incident response notification requirements for “banking organizations” and “bank service providers” (terms defined below). Included in this rule is a headline-grabbing 36-hour regulatory notification requirement for banking organizations.

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How to Get Free Upgrades on Flights

Nerd Wallet

The internet is full of lousy advice about how to get upgraded on a flight for free. Perhaps in the past, you could get an upgrade simply by dressing up. But that’s rarely going to happen anymore. And no, you can’t summon a flight upgrade by mentioning the magic words “revenue management” to an airline. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Deploying a Debt Management and Collections System

Katabat

Why the Best Time is NOW. Up until a few weeks ago the economy was ticking right along, and everything was rosy on the collections front. But signs of inflation and economic uncertainty are looming and a rise in the likelihood of consumers defaulting is potentially just over the horizon. Which begs the question: When should you start thinking about upgrading your collection capabilities?

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The Best Toronto Hotels to Book With Points

Nerd Wallet

Toronto is a great city with a gorgeous skyline, delicious restaurants and eateries, impressive sports teams, and notable museums and attractions. If you’re planning to visit Toronto, you may be hoping to use points for your hotel instead of paying by cash. Redeeming points for your hotel stay can help cut down on the total. Natasha Gabrielle 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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Digital Account Opening in Finance: What Consumers Want

Fico Collections

All businesses are now managing a tricky balancing act to meet digital consumers’ expectations. We’re an impatient lot and our tolerance for delays is getting shorter, driven in part the ongoing pandemic. Both the onboarding of returning customers and signing in of new visitors requires some form of verification to safeguard them from ID theft, prevent fraud and uphold regulatory requirements.

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How Much Money Should You Save Every Month?

Credit Corp

This article originally appeared on Radical FIRE and has been republished here with permission. . Many people are asking themselves: how much money should I save every month? We’re not talking absolute numbers, but a percentage of your income. How do you know that you’re saving enough? Let’s get to the answer today! When you’re looking to work towards financial security or financial independence, saving is how you’ll get there fastest.

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