Thu.Jun 17, 2021

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Ed. Dept. Cancels $500M in Loans for Scammed Students

Account Recovery

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million. The students in question attended ITT Technical Institute, which collapsed in 2016 after it was accused of using misleading … The post Ed.

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Should You Save Less For Retirement?

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Gwen Merz was fresh out of college in 2014, working an information technology job she hated, when she decided early retirement was the answer.

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CFPB to Restart Examinations Related to Military Lending

Account Recovery

The Consumer Financial Protection Bureau yesterday issued an interpretive rule that reverses a policy decision put in place under the Bureau’s former leadership that will restart examinations in order to enforce the Military Lending Act. The CFPB, under former Acting Director Mick Mulvaney announced in 2018 that it would not examine institutions for compliance with … The post CFPB to Restart Examinations Related to Military Lending appeared first on AccountsRecovery.net.

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Frank Springfield Featured in Bitcoin Panel Discussion on E-Crypto News

Burr Forman

In an E-Crypto News panel discussion, What Are The Long-Term Prospects For Bitcoin? author Christopher Hamman brought together a panel of 13 business professionals, including Frank Springfield , to discuss Bitcoin’s long term prospects. The full panel discussion can be found here. Frank’s interview in full text is below. “We have seen the amount of interest in cryptocurrencies skyrocket over the past year.

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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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DCM Services Names Elva Krantz Vice President of Human Resources

Account Recovery

Minneapolis, MN — June 17, 2021 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announces the addition of Elva (Betz) Krantz, SHRM-SCP to its senior leadership team. Elva will lead the DCMS Human Resources team as Vice President, Human Resources. Krantz is a results-focused Human Resources leader with … The post DCM Services Names Elva Krantz Vice President of Human Resources appeared first on AccountsRecovery.net.

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Getting to Know Catherine Calko of Spring Oaks Capital

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 Catherine Calko

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Selz Review 2021: Features, Cost, User Reviews

Nerd Wallet

If you’re looking for an e-commerce platform that caters largely to beginners and purports simplicity and ease of use, you might consider Selz, a multichannel e-commerce solution that allows you to sell your products in the way that’s best for you. However, if you’re looking for third-party processing, a free option or certain specific features, you’ll.

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CFPB Data Reveals Low Delinquency Rates, But Time Will Tell If That Continues, post-Pandemic

Account Recovery

The Consumer Financial Protection Bureau has updated a report it first released last year that detailed the delinquency rates on major types of credit in order to illustrate how consumers were being financially affected by the COVID-19 pandemic. Now looking at data through the end of April 2021, the CFPB’s data indicates that delinquency rates … The post CFPB Data Reveals Low Delinquency Rates, But Time Will Tell If That Continues, post-Pandemic appeared first on AccountsRecovery.net

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How to Apply for a Bank Loan in 5 Steps

Nerd Wallet

Banks offer personal loans typically ranging from $1,000 to $100,000. These loans have low interest rates and can come with perks for existing customers. Though not all banks offer personal loans, those that do are a smart first stop for borrowers. Applying for a bank loan can seem overwhelming if you’ve never done it before. Jackie Veling 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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Daily Digest – June 17. Getting to Know Catherine Calko of Spring Oaks Capital; Judge Grants MTD in FDCPA Case Over Alleged Attorney Threat in Letter

Account Recovery

GETTING TO KNOW CATHERINE CALKO OF SPRING OAKS CAPITAL Catherine Calko loves the classics. And that love extends to her work and career in the accounts receivable management industry. What she loves so much about working in this industry — collaboration and collective problem solving — is something she practices as much as she preaches … The post Daily Digest – June 17.

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How a Financial Plan Can Help You Buy Your First Property

Credit Corp

Saving money for your first property is often one of the most important personal finance processes a person will undertake. Whether you’re just getting into the planning process or are further into your property purchasing journey, taking a well-planned approach to buying a first home is crucial. It can minimize the financial impact of your mortgage, and maximize your chances of securing your dream home.

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Judge Grants MTD in FDCPA Case Over Alleged Attorney Threat in Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because the plaintiff received a collection letter that indicated her account would be referred to an attorney to review “possible legal options” if a payment was not received, … The post Judge Grants MTD in FDCPA Case Over Alleged Attorney Threat in Letter appeared first on AccountsRecovery.net.

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How Much Is the Average Electric Bill, and What Can I Afford?

Nerd Wallet

A budget is a helpful way to meet financial goals and easily track spending, especially with bills like electricity. Electricity bills can accumulate quickly and be costly. For example, in 2020, as a side effect of the pandemic and the increased time spent at home, more people than ever were using their heating and cooling. Aysia Morton 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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18 Mistakes People Make When Finding Their First Apartment After College

Credit Corp

It can be both exciting and intimidating to look for your first apartment after college. You’re working your first full-time post grad job, and you need a great place to live—but where should you look, and how much should you pay? What’s a reasonable deposit, and how much will you need to budget for regular monthly bills? Apartment-hunting mistakes are common—especially when you start looking—and we’ll explore eighteen of the most frequent errors in this post.

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How to Get the Most From the New United Quest Card

Nerd Wallet

Earlier this spring, Chase and United Airlines issued a new co-branded credit card, the New United Quest? Card. The card piqued many travelers’ interest with a sizable welcome bonus, an annual United purchase credit and award flight credits, among other benefits. If you earn the full sign-up bonus, the miles alone can get you at. Anya Kartashova writes for NerdWallet.

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Shock as Government extends Commercial Eviction ban

UK debt collections

The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. The ban, which stops landlords from taking tenants to court for non-payment, was due to end on 30th June. The Government says that the extension to the order will give places such as nightclubs and other hospitality businesses the help they need to recover from the pandemic, Communities Secretary Robert Jenrick has announced that legislation will be introduced

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When Do Unemployment Benefits End?

Nerd Wallet

As the nation pivots from pandemic emergency to economic recovery, certain federal benefits, including unemployment benefits, are set to expire. Federal unemployment benefits that supplemented state unemployment benefits and provided jobless benefits to the self-employed are set to expire at the end of September. But that’s at the federal level; some deadlines could be even.

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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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Statement by CFPB Acting Director Dave Uejio on Impact of the Juneteenth National Independence Day Federal Holiday on Residential Mortgage Closings

Consumer Finance

On June 18, 2021, CFPB Acting Director Dave Uejio issued the following statement on the impact of the Juneteenth National Independence Day federal holiday on residential mortgage closings.

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5 Tips for Long Airport Layovers

Nerd Wallet

Sometimes a great airfare comes with a catch: a long layover. Faced with the prospect of a 4-, 8- or even 12-hour wait between flights, you may be tempted to buy a more expensive ticket or change your travel dates. But actually, a long layover can be a blessing, depending on the amenities that are. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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Payment Methods and Fraud: Are Too Many Schemes a Bad Thing?

Fico Collections

In the build-up to Euro 2021, the countries of Europe hold their breath, experience sleepless nights and cold sweats in anticipation of the trials and tribulations of a football tournament. This led me recently to a ‘once in a blue moon’ purchase – England shirts for myself and the family – and I was frankly shocked to see the number of payment mechanisms and BNPL (Buy Now Pay Later) schemes offered.

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Delta Air Lines Credit Cards Boost Welcome Offers

Nerd Wallet

Delta Air Lines credit cards have raised welcome offers for new cardholders, offering thousands more Delta SkyMiles, statement credits and introductory offers as incentives to apply. For the first time, the issuer, American Express, is offering a low introductory APR on some Delta Air Lines cards. And the cards come with a $200 statement credit. Gregory Karp writes for NerdWallet.

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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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5 benefits of turbocharging your accounts receivable management

On Guard

5 benefits of turbocharging your accounts receivable management. On paper, the accounts receivable process is downright easy: money comes in, you mark that the client has paid, and you deposit the money into the business bank account. Those of us who work with it daily know that accounts receivable management is rarely that easy. Clients may forget to mention the invoice number or pay from another account than you are used to.

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Marriott Bonvoy Credit Cards Alter Sign-up Bonuses

Nerd Wallet

Chase is switching up the welcome bonuses for two of its travel credit cards. The limited-time offer on the $0-annual-fee Marriott Bonvoy Bold™ Credit Card has expired, so its sign-up bonus has been lowered. Meanwhile, the Marriott Bonvoy Boundless™ Credit Card‘s offer has increased and there are now temporary bonus categories to earn more points. New customers.

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How to know if you need to file bankruptcy

Roths Child Law

It's one thing to be burdened by a single bill. You may be able to negotiate a reduced settlement with your creditor to alleviate yourself of that pesky bill. Debtors with multiple delinquent accounts don't often have the luxury of negotiating balances. It's unlikely that their various creditors will all agree to renegotiate. Situations such as these may call for debtors to file bankruptcy.

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How to know if you need to file bankruptcy

Roths Child Law

It's one thing to be burdened by a single bill. You may be able to negotiate a reduced settlement with your creditor to alleviate yourself of that pesky bill. Debtors with multiple delinquent accounts don't often have the luxury of negotiating balances. It's unlikely that their various creditors will all agree to renegotiate. Situations such as these may call for debtors to file bankruptcy.

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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.