Thu.Apr 15, 2021

article thumbnail

Indiana AG Obtains $1.3M Judgment Against Collection Agency, Owner

Account Recovery

The Attorney General of Indiana has obtained a $1.3 million judgment against a collection agency and its owner that were accused of engaging in deceptive and abusive collection practices and operating without a proper license. The AG filed a lawsuit against New Britain Financial and its founder, Nelson Macwan, last September. Neither the company nor … The post Indiana AG Obtains $1.3M Judgment Against Collection Agency, Owner appeared first on AccountsRecovery.net.

article thumbnail

College, Interrupted: The Case for Going (Back) to School

Nerd Wallet

A cautionary note for the high school classes of 2020 and 2021: Waiting to enroll in college decreases the likelihood you’ll ever attend or complete a degree. It’s a valid concern for both cohorts. Due to the pandemic, undergraduate enrollment was down 2.5% in fall 2020 and down 4.5% for spring 2021, compared with the. Anna Helhoski writes for NerdWallet.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Getting to Know Joe Partain of Convergent

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 Joe Partain of C

article thumbnail

Free Stock Screeners: 7 Options for Investors

Nerd Wallet

You shouldn’t pick stocks for your portfolio based on a hot tip you got from a friend or from a TikTok video. Selecting stocks takes some consideration; it’s best not to do it on a whim. Free stock screeners can help you make informed decisions when it comes to adding investments to your portfolio. If. Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.

113
113
article thumbnail

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.

article thumbnail

Former CFPB Deputy Director Shares Thoughts on Future of Debt Collection Rule

Account Recovery

LAS VEGAS — Many, if not most, of the people in the accounts receivable management industry are waiting with baited breath to see what Rohit Chopra is going to do with Regulation F — the Debt Collection Rule — if he is confirmed by the Senate to be the next director of of the Consumer … The post Former CFPB Deputy Director Shares Thoughts on Future of Debt Collection Rule appeared first on AccountsRecovery.net.

More Trending

article thumbnail

Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Healthcare Debt

Account Recovery

In a case that was defended by the team at Malone Frost Martin, the Court of Appeals for the Eighth Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it did not include a copy of the original creditor’s financial … The post Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Healthcare Debt appeared first on AccountsRecovery.net.

article thumbnail

Student loan companies can set borrowers up to default

Roths Child Law

Taking out a student loan is supposed to be a financial investment in your future. Unfortunately, many college graduates learn the hard way that even after graduating, they can't find a job offering the kind of income that they had once hoped to earn. It can be very difficult for college graduates to balance their daily financial needs with the obligation to repay massive student loans.

article thumbnail

Daily Digest – February 15. Getting to Know Joe Partain of Convergent; Former CFPB Deputy Director Shares Thoughts on Future of Reg F

Account Recovery

GETTING TO KNOW JOE PARTAIN OF CONVERGENT An attorney who freely admits being lied to on a semi-regular basis is probably not the norm, so it’s a good thing that the lies in this case pertain to frozen desserts and not things that are more important. Although it does sound like Chocolate Peanut Butter ice … The post Daily Digest – February 15.

147
147
article thumbnail

How to Generate Income from a Portfolio in [4 Easy] Ways

Credit Corp

This post originally appeared on The Financially Independent Millennial and has been republished with permission. Are you like many, wondering how to generate income from a portfolio? It can seem like a daunting question, but the answer is resoundingly simple. Ways to Generate Income from a Portfolio. As you know, your financial independence number is an estimate of how much you need to live off (the dividends) generated by your portfolio, forever.

Retail 98
article thumbnail

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.

article thumbnail

What You Need to Know About the Hyatt-MGM Partnership

Nerd Wallet

Planning a trip to Las Vegas? It’s your lucky day. Once you learn about the rewarding partnership between Hyatt and MGM, you might feel like you hit the jackpot before you even roll onto the strip. Status matching is key Because of Hyatt and MGM’s loyalty partnership, if you’ve got elite status with Hyatt, you. Kendra Collins writes for NerdWallet. Email: travel@nerdwallet.com.

98
article thumbnail

What Is Overtrading And What Are The Risks For My Business?

Hudson Weir

At Hudson Weir, we are first and foremost businesspeople. We recognise just how challenging it is to get your company up and running – let alone be a success. We also understand the thrill that many business owners feel as demand for their product or service starts accelerating. However, you might be surprised to learn that it can be highly detrimental for your business if you sell too much, too fast.

article thumbnail

How to Start an Import/Export Business in 6 Steps

Nerd Wallet

For nearly as long as there’s been people, there’s been trade. Imports and exports are how the potato came to Ireland, and in a more modern sense, it’s how we’re able to buy food, drinks, furniture, clothes, and nearly everything else, from all around the world today. Imports are any good or service brought in. Eric Goldschein writes for NerdWallet.

Trade 96
article thumbnail

What Are Debentures? Everything You Need To Know

Hudson Weir

A debenture is a type of loan agreement used in business finance. In this article we’ll explore what debentures are and how they work. What is a debenture? A debenture is a document representing a loan agreement between a lender and a borrower, granting the lender security over the borrower’s assets. This gives the lender a means of collecting the debt if the borrower cannot pay.

article thumbnail

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?

article thumbnail

Average Life Insurance Rates for 2021

Nerd Wallet

If you’re looking for life insurance, there are dozens of companies, term lengths and coverage amounts to choose from. Price will no doubt factor into your decision and may even determine what type of policy you choose. For a snapshot of those prices, NerdWallet compared average life insurance rates for men and women at different. Georgia Rose writes for NerdWallet.

83
article thumbnail

UK Credit Cards Report Shows Financial Stress and Less Spend

Fico Collections

The FICO Credit Market Report for the UK paints a conflicting picture of UK consumer finances, with both increased financial stress and reduced spending. Our February data reflects another month in lockdown and government support, with falling average spend, lower general card and cash usage and decreasing delinquency rates. Those able to save have put more aside but those suffering from financial stress have seen no change in the circumstances contributing to their situation.

Retail 52
article thumbnail

How to Make the Most of Avianca Business Class

Nerd Wallet

Most U.S.-based points and miles collectors may know Avianca because of its generous LifeMiles program, but the airline can also be a top choice if you’re flying to Central or South America. Since Avianca doesn’t have a first-class product, Avianca’s business class is the best way to fly Colombia’s flag carrier. We’ll show you how. JT Genter writes for NerdWallet.

82
article thumbnail

Getting Ready for the new Breathing Space legislation

Qualco

The constant rise of banking debt during the past years has steadily led to the revision of the existing Breathing Space regulation, or Debt Respite Scheme with its full name. With the new regulation coming into force on the 4th of May, creditors need to ensure that they have all the available tools within their reach, to efficiently manage the handling of a great number of cases in a limited timeframe.

article thumbnail

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.

article thumbnail

9 Money Numbers You Need to Know

Nerd Wallet

Your doctor needs to know certain numbers to judge your physical health, such as your weight, your blood pressure and your cholesterol levels. Similarly, you need to know certain numbers to monitor your own financial health, including: After-tax income and ‘must-have’ expenses Your after-tax income is your gross income minus the taxes you pay (federal, Liz Weston writes for NerdWallet.

78
article thumbnail

Student loan companies can set borrowers up to default

Roths Child Law

Taking out a student loan is supposed to be a financial investment in your future. Unfortunately, many college graduates learn the hard way that even after graduating, they can't find a job offering the kind of income that they had once hoped to earn. It can be very difficult for college graduates to balance their daily financial needs with the obligation to repay massive student loans.

article thumbnail

Form 3800 Instructions: How to Fill out the General Business Credit Form

Nerd Wallet

There are two main ways for entrepreneurs to save on their small-business taxes. One way is to claim tax deductions, and the other is to take advantage of small-business tax credits. Tax credits directly decrease your tax bill, reducing what you owe to the IRS. If you claim multiple small-business tax credits, you’ll need to. Priyanka Prakash writes for NerdWallet.

77
article thumbnail

"Why Ralph Nader wants you to know about tort law"

Public Citizen

Cartoonist Matt Wuerker enlists consumer advocate Ralph Nader to help explain tort law in this 3-minute video from Politico.

40
article thumbnail

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.

article thumbnail

IRS Business Forms: A Comprehensive List

Nerd Wallet

As the owner of a small business, your tax obligations are more involved than those of individual employees — in no small part because you’re also responsible for completing a variety of IRS business forms. To help you navigate this complex territory, we’ve compiled a comprehensive list of IRS business forms and a brief explanation. Randa Kriss writes for NerdWallet.

68
article thumbnail

CFPB Proposes COVID-19 Rule to Amend Its Mortgage Servicing Rule and Provide Additional Guidance Related to the Pandemic

Consumer Finance Watch

Jonathan K. Moore, Scott D.

Loans 40
article thumbnail

5 Free Small Business Budget Templates

Nerd Wallet

A business budget template is one of the most important tools you can use to run your small business. Unfortunately, many small business owners skip this vital business management step. The misconceptions surrounding budgeting are plenty. It seems complicated and time-consuming. But with a good business budget template, the process can be much less daunting.

67
article thumbnail

How to Spend Your Stimulus Money Wisely

Direct Recovery

Who would have ever thought that the COVID-19 pandemic would drag on for more than a full calendar year? Along those same lines, who would have ever thought that the United States government would make a regular habit of cutting checks directly to residents in an effort to encourage spending to stimulate the economy? Whether you expected it or not, and regardless of who you voted for last November, the majority of Americans received another big stimulus check over the past few weeks, and nothing

article thumbnail

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.