Account Recovery
SEPTEMBER 21, 2021
A hearing was held yesterday before the Massachusetts state legislature on a bill that would require companies calling individuals in that state and using a Caller ID number displaying a Massachusetts area code to have a physical presence in the state or face fines of up to $10,000 per call. The bill, H.312, was introduced … The post Mass. Leg.
Nerd Wallet
SEPTEMBER 21, 2021
About half of Americans have deliberately shopped more at small and locally owned businesses during the pandemic, and many have rallied especially hard around small businesses with four particular characteristics, according to a new NerdWallet survey. The survey of over 2,000 U.S. adults found that 51% of Americans made a dedicated effort to shop at.
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Account Recovery
SEPTEMBER 21, 2021
When the federal government declares the COVID-19 public health emergency to finally be over, as many as 15 million individuals could lose their health insurance coverage through Medicaid, according to a new study, which would likely result in a lot more medical debt to be collected for the accounts receivable management industry. Enrollment in Medicaid … The post 15M Could Lose Medicaid Coverage When Pandemic Ends: Study appeared first on AccountsRecovery.net.
Nerd Wallet
SEPTEMBER 21, 2021
Younger generations seem to have a knack for disrupting the status quo, and life insurance may be next on the list. As Generation Z and millennial workers challenge the concept of a traditional career and drive an increase in freelancing, the role of workplace group life insurance in long-term financial plans is likely to change. Georgia Rose 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
SEPTEMBER 21, 2021
JUDGE DISMISSES FDCPA SUIT FOR LACK OF SUBJECT MATTER JURISDICTION A District Court judge in Indiana has dismissed a Fair Debt Collection Practices Act case for lack of subject-matter jurisdiction, ruling the plaintiff lacked standing on any of the claims he made because he did not allege sufficient concrete injuries to move forward with his … The post Daily Digest – September 21.
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Account Recovery
SEPTEMBER 21, 2021
If anything, Richard Cordray understands that restarting a behemoth like federal student loan payments is not as simple as flipping a switch and the gravity of the importance in making sure that the restart is done properly is not lost on him, based on a speech that he gave last week before the Education Finance … The post Cordray Talks About ‘Defining Moment’ As Student Loan Forbearance Ends appeared first on AccountsRecovery.net.
Nerd Wallet
SEPTEMBER 21, 2021
Liability insurance is coverage that pays out if you’re financially responsible for damage to a person or their property. It protects people and businesses from lawsuits from a third party, whether that be for damage after an at-fault crash or a faulty product shipped out from a business. Liability coverage can be found in both. Ben Moore writes for NerdWallet.
Account Recovery
SEPTEMBER 21, 2021
A District Court judge in Indiana has dismissed a Fair Debt Collection Practices Act case for lack of subject-matter jurisdiction, ruling the plaintiff lacked standing on any of the claims he made because he did not allege sufficient concrete injuries to move forward with his lawsuit. A copy of the ruling in the case of … The post Judge Dismisses FDCPA Suit For Lack of Subject Matter Jurisdiction appeared first on AccountsRecovery.net.
Consumer Finance
SEPTEMBER 21, 2021
CFPB Acting Director Dave Uejio today announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends.
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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.
Nerd Wallet
SEPTEMBER 21, 2021
More than 4.2 million people in Texas are signed up for Medicare, making it the third-largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older. Medicare Advantage is an all-in-one alternative to Medicare that offers all the same benefits and usually some extras, such as dental. Kate Ashford writes for NerdWallet.
Credit Corp
SEPTEMBER 21, 2021
The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Over the years, the prevalent form of payment has migrated from barter, to cash, to checks, to credit and debit cards. And payment methods continue to evolve — a 2021 GoCardless survey showed that 76% of Americans would like to decrease their use of credit cards.
Nerd Wallet
SEPTEMBER 21, 2021
The country’s first statewide stay-at-home order of the pandemic was issued in California over 18 months ago, and many small-business owners have been on a turbulent ride since. But a new NerdWallet survey reveals many Americans made — and continue to make — a conscious effort to help these businesses stay afloat. Half of Americans. Elizabeth Renter writes for NerdWallet.
Micro Bilt
SEPTEMBER 21, 2021
If you're trying to recover debt from someone, your first step is an accurate asset assessment. You need to know exactly what they own, how much money they have coming in, as well as any other outstanding debts. What are the secrets to effective debt collection? Keep reading to learn about the best debt recovery tools on the market today.
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?
Nerd Wallet
SEPTEMBER 21, 2021
LendUp, an online lender that offered high-interest installment and single-payment loans to borrowers with poor credit, no longer originates new loans, according to a company spokesperson. The company did not offer a reason for the change. The loans it offered were small — usually a few hundred dollars — with interest rates that reached as. Annie Millerbernd writes for NerdWallet.
Jimerson Firm
SEPTEMBER 21, 2021
Different situations can lead to a corporate buyout. As a business move, a majority shareholder may seek to buyout the minority shareholders or one company may seek to acquire a majority of another company’s shares. Buyouts may also be contractually forced under a company’s governing documents or legally forced by courts pursuant to a statute. In the context of a forced buyout, if parties cannot agree to the share value, the court may have to make a determination as to the fair value of the s
Nerd Wallet
SEPTEMBER 21, 2021
Shopify POS syncs directly with the Shopify e-commerce platform, one of the most popular e-commerce solutions on the market. Shopify POS is one of the best point-of-sale systems for multichannel sellers — in other words, e-commerce businesses that want to sell their products or services in person as well as online. Unlike some competitors, however, Randa Kriss writes for NerdWallet.
Burr Forman
SEPTEMBER 21, 2021
The Supreme Court’s recent opinion in Ford Motor Company v. Montana Eighth Judicial District , 141 S. Ct. 1017 (March 25, 2021), could have far-ranging implications for courts’ application of specific personal jurisdiction. In Montana Eighth , multiple plaintiffs sued a national automaker alleging defects in their model vehicles caused injuries, in one instance fatal, in Montana and Minnesota.
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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.
Nerd Wallet
SEPTEMBER 21, 2021
Japanese carrier All Nippon Airways has a solid loyalty program, and if you earn American Express Memberships Rewards, you can easily leverage them because ANA is a transfer partner. ANA has a generous partner award chart with sweet spots that you can use to fly some of its Star Alliance partner airlines. We’re talking round-trip. Elina Geller writes for NerdWallet.
Burr Forman
SEPTEMBER 21, 2021
By now, property insurance carriers and their counsel are likely familiar with Senate Bill 76, in which the Florida Legislature finally codified long-needed changes to the current property insurance litigation framework. The bill is a nice start in reigning in frivolous and fraudulent property insurance claims made by homeowners, public adjusters, contractors, and disingenuous homeowners’ counsel seeking egregious attorney fee payouts that have plagued both Florida’s property insurance industry
Nerd Wallet
SEPTEMBER 21, 2021
More than 6.4 million people in California are signed up for Medicare, making it the largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people of ages 65 and older. Medicare Advantage is an all-in-one alternative to Medicare that offers all the same benefits and usually some extras, such as. Kate Ashford writes for NerdWallet.
Account Recovery
SEPTEMBER 21, 2021
(MADISON, Wis., Sept. 21, 2021) – State is pleased to announce Sameer Maini as its Chief Information Officer. He joins the company’s Executive Team with the goal of increasing recoveries and patient satisfaction for State’s clients through technology initiatives designed to improve and modernize the patient financial experience. “It’s not every day you find a talented … The post State Names Sameer Maini as Chief Information Officer appeared first on AccountsRecovery.net.
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.
Nerd Wallet
SEPTEMBER 21, 2021
Shift4 Payments helps small businesses accept several different kinds of payments, both in person and online. Its services may be especially attractive to small businesses in food, hospitality and a short list of other industries, but if you want upfront pricing and a simple solution, you may want to look at other options. What is. Tina Orem writes for NerdWallet.
Collection Industry News
SEPTEMBER 21, 2021
Source: site. Millions of renters, and especially minority and low-income families, may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end, according to a report released today by The Consumer Financial Protection Bureau. The report, “Financial conditions for renters before and during the COVID-19 Pandemic,” finds that some government relief efforts likely helped maintain the financial stability of renters and their families.
Nerd Wallet
SEPTEMBER 21, 2021
If you’re a homeowner in Illinois, you’ll typically pay a little less than the national average for your home insurance. At an average of $1,481 per year, home insurance in Illinois costs about $100 less than the national average of $1,585. NerdWallet looked at 10 different insurers in the state to determine the best homeowners. Doug Sibor writes for NerdWallet.
Collection Industry News
SEPTEMBER 21, 2021
Source: site. On September 13, 2021, the Federal Trade Commission published final revisions to five rules promulgated pursuant to the Fair Credit Reporting Act (“FCRA”), to clarify that the rules apply only to motor vehicle dealers. The final revisions were made to bring the rules in line with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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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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