Thu.Jan 07, 2021

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Unifund Partners with Cancer Family Care to Help Provide Families with Gifts this Holiday

Account Recovery

Unifund CCR Partners and Unifund CCR, LLC announces our partnership with Cancer Family Care and our participation in a virtual gift-giving opportunity that helped provide families with an extraordinary holiday season. As part of our ongoing commitment to being a powerful force for change and connecting the citizens of our communities with a more promising … The post Unifund Partners with Cancer Family Care to Help Provide Families with Gifts this Holiday appeared first on AccountsRecovery.

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Start 2021 Off Strong With These Smart Money Moves

Nerd Wallet

After the train wreck that was 2020, you may well question whether it’s worth trying to plan anything. But knocking off a few financial tasks early in the year can better prepare you for whatever 2021 has in store. File your tax return ASAP Filing your tax return early typically means getting your refund sooner. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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N.Y. Hospital Rescinds Collection Lawsuits After Report Cites ‘Flood’ of Litigation

Account Recovery

The largest hospital network in New York has decided to rescind lawsuits it filed against patients in 2020 and will pause any new filings after a report in The New York Times criticized the hospital network because it “plowed ahead” with a “flood of litigation” in the middle of the COVID-19 pandemic. Northwell Health had … The post N.Y.

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Why the Amazon Prime Rewards Card is 2021’s Best Card for Staying at Home

Nerd Wallet

The COVID-19 pandemic has upended the way we work, shop and live. So when NerdWallet’s credit cards team began the process of choosing our Best-Of Awards for 2021, we decided we needed a new category — one that would allow us to consider and recognize credit cards that reward our new routines, from shopping online to getting. Kimberly Palmer writes for NerdWallet.

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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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Daily Digest – January 7. Getting to Know Kimberlie Cline; How to Develop Consistency in Your Training Program

Account Recovery

GETTING TO KNOW KIMBERLIE CLINE OF PRO COM SERVICES OF ILLINOIS Kimberlie Cline might have the best answer to describe a typical workday in the history of the “Getting to Know” series. But leave it to someone who has been working at collection agencies since junior high to be able to accurately describe what a … The post Daily Digest – January 7.

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Mary Shores: How to Develop Consistency in Your Training Program

Account Recovery

There was once a man who got married. The man, who loved golf, was approached by some of his in-laws and was asked if he would teach them how to play. His new family saw how much he loved playing golf and wanted to share in that with him. But the man told them he … The post Mary Shores: How to Develop Consistency in Your Training Program appeared first on AccountsRecovery.net.

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Why Airlines Like Qatar Airways Are Launching New International Routes, Despite COVID

Nerd Wallet

With a sharp decrease in travel comes a sharp decrease in airline routes you can take. Now, you can no longer travel direct from, say, Orlando to Amsterdam (a route once offered by Delta). About one-third of airline routes worldwide were lost in 2020. But launching a new international route during a pandemic? That seems. Sally French writes for NerdWallet.

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Getting to Know Kimberlie Cline of Pro Com Services of Illinois

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 Kimberlie Cline

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New Licensing Requirements That Construction Contractors Need to Know About (The Occupational Freedom and Opportunity Act)

Jimerson Firm

On July 1, 2020, the Occupational Freedom and Opportunity Act (the “Act”) became law, which eliminated some barriers for construction contractors to become licensed in Florida. Particularly, the Act: (1) clarified that a passing result on a licensing examination does not expire; (2) eliminated the requirement for some applicants to take and pass all parts of the certification examination; (3) expanded the qualifications for an out-of-state licensed contractor to obtain a license in Florida; (4)

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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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State Donates $8800 to Holiday Adopt-a-Family

Account Recovery

Madison, Wis., (January 7, 2021) – In the spirit of the season, State continued its holiday tradition of Adopt-a-Family by donating $8,800 to provide gifts and other holiday trimmings to area families. In past years, State’s team has collected gifts to donate but with most team members currently working remote, State shifted to an online fundraiser.

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Brown & Joseph Welcomes Mike McClellan

Brown and Joseph

Brown & Joseph/Altus, the leading commercial collections company in the U.S., is pleased to announce that Mike McClellan has joined the team as Vice President… The post Brown & Joseph Welcomes Mike McClellan appeared first on Brown & Joseph, LLC.

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How Businesses Can Apply for a Second PPP Loan

Nerd Wallet

Small businesses hit hardest by the coronavirus pandemic can soon receive a second forgivable loan under the newly revived Paycheck Protection Program. Congress designated $137 billion for “second-draw” loans as part of a larger funding and relief package. The bill, signed into law on Dec. 27, includes a total of $284.5 billion for PPP loans. Kelsey Sheehy writes for NerdWallet.

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More Privacy Please

Troutman Sanders

Do you want a simple way to keep current on important privacy changes? Avoid sleepless nights wondering whether you missed a privacy speed bump or pothole between annual updates? Worry no longer. Troutman Pepper is pleased to offer More Privacy Please , a monthly newsletter recapping significant industry and legal developments, as well as trends in the areas of cybersecurity, information governance, and privacy.

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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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Simple, the Popular Banking Service, Is Shutting Down

Nerd Wallet

After more than a decade in business, online banking service Simple is shutting down. News reached customers by email Thursday that their bank accounts under the Simple banner will soon be transitioned to Simple’s parent company, BBVA. Accounts will continue to be housed in these FDIC-insured deposit accounts but under the full-time account servicing of BBVA.

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State of the Collections Industry in 2021

The Kaplan Group

How did Covid-19 and the resulting economic downturn affect the collections industry? We may not know all the ramifications for a few years, but it’s clear that things have changed and will continue to do so. While delinquency levels did not spike, it is unclear how consumers will manage their obligations as the recession continues. Businesses are still reeling from the impact of pandemic related lockdowns and restrictions.

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Moving Day Checklist

Nerd Wallet

After endless planning and packing, moving day has finally arrived — and there’s still so much more to do. Whether you’re working with professional movers or taking a do-it-yourself approach, this moving day checklist will help you sail through the final stretch of this journey. Nerd Tip: While this checklist is geared toward same-day moves, Roberta Pescow writes for NerdWallet.

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How a Foreign Judgment Is Enforced in Massachusetts

Collections Law

If you are an out-of-state business dealing with a delinquent debtor in the Commonwealth of Massachusetts, it’s a much more straightforward process than you might think to domesticate your judgment. However, it is still an uphill battle to have such a judgment enforced. Without a timely and efficient plan in place to enforce judgments , you could likely miss out on the monies owed to you, with your debtor feeling no sense of urgency to repay the outstanding accounts receivable.

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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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What COVID-Related Help Are Credit Card Issuers Offering in 2021?

Nerd Wallet

Although 2021 is the year that the COVID-19 vaccine could offer hope for many Americans, the pandemic’s lasting effects will undoubtedly leave some credit card holders struggling financially and looking for help from their card issuers. Banks, credit unions and other issuers continue to offer credit card hardship programs and other assistance, but such programs.

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Top 5 Decision Management Posts for 2020: AI to Platform

Fico Collections

The topic of digital transformation and digital decisioning took on new urgency last year, as the pandemic forced businesses of all kinds to make many processes digital only. Supply chain optimization, digital performance and AI were all topics explored by FICO bloggers. Here are the 5 most popular 2020 posts on decision management. #1. How Do You Improve Supply Chain Resiliency?

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Florida Supreme Court Amends Summary Judgment Procedural Rule to Mirror Federal Doctrine

Burr Forman

Florida courts have required the moving party to “conclusively disprove” the nonmovant’s theory of the case in order to eliminate any issue of fact, whereas the federal doctrine permits the entry of summary judgment when there is an absence of evidence to support the nonmoving party’s case. Through In Re: Amendments to Florida Rule of Civil Procedure 1.510 , No.

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6 Ways Collection Agencies Can Offer Customer Satisfaction

Payment Savvy

A recent study conducted by Pew Charitable Trust revealed that 8 out of 10 people in the United States live in debt. Similarly, when customers fall behind on payments, it poses significant challenges for both the consumer and the business. All businesses, regardless of the industry, require timely and regular payments from customers to stay afloat. When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf.

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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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Can the Treasury square the circle in recovering Bounce Back Loans?

CSA

Chris Leslie is Chief Executive of the Credit Services Association. It?s a difficult balance for the Government to strike; on the one hand the Bounce Back Loans (BBLs) scheme has provided swift financial support to nearly a quarter of Britain?s small firms. On the other hand, the Treasury have promised to guarantee ?44bn of these loans so far with taxpayers?

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New Year, New Rules: FCC Modifies Existing TCPA Exemptions, Adopts New “Call Blocking” Requirements, and Clarifies TCPA Application Over Soundboard Technology

TCPA

Some welcome the New Year with new goals and new plans while others – the FCC, in particular, welcomes the New Year by wrapping up TCPA rulemakings and issuing other rulings.

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Burr & Forman Names 9 New Partners Across Georgia, Alabama, South Carolina and Florida

Burr Forman

“The start of every new year gives us an opportunity to promote and recognize the future leaders of our firm. These individuals have demonstrated dedication to their clients, communities and Burr,” said Ed Christian, Chief Executive Officer at Burr & Forman. “I am excited to welcome this group to our partnership – a group that showcases the strong talent we have throughout our entire 19 office footprint.”.

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

Between Santa shenanigans, special foods, long-distance travel and treats, holiday spending adds up quickly—and so does holiday debt. In 2019, shoppers in the US spent 3.4% more than they did in 2018. Unsurprisingly, they also ended up owing 8% more—roughly $1,325 per adult in 2019 versus just over $1,000 per adult in 2018. Unfortunately, holiday credit card debt lingers far longer than leftover turkey.

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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.