Thu.Sep 10, 2020

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Colo. AG To Hold Meeting To Discuss Extending Deadline on Barring ‘Extraordinary’ Collection Acts

Account Recovery

The Colorado Attorney General’s office has announced it will hold a virtual meeting on Thursday, Oct. 1, to solicit feedback to help it determine whether it should extend a prohibition on certain collection activities through February 2021 as a response to the coronavirus pandemic. The state legislature passed a bill in July that limits what … The post Colo.

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The Digest: September 2020

True Accord

As we begin to round out an unprecedented year, things remain…well…unprecedented. The world of collections is weathering the storm with new strategies and technology, all while staying focused on the rippling economic effects of the ongoing pandemic. Here’s the news we’re following at TrueAccord. What to keep an eye on. • Slowdowns at the USPS will have ramifications for the debt collection industry.

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Getting to Know Pam Hardy of Frost Arnett

Account Recovery

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Pam Hardy of Frost Arnett appeared first on AccountsRecovery.net.

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Cheap Car Insurance for Young Drivers

Nerd Wallet

It’s finally happened. You’re living on your own, independent from your family and able to make your own way. While most people know to budget for groceries and rent, you even remembered to include oft-forgotten expenses like car insurance in your monthly bills. To cut costs, consider shopping around for a lower car insurance rate. Kayda Norman is a writer at 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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Collection Firm Facing Class-Action FDCPA Suit

Account Recovery

A collection law firm in Virginia is being sued for allegedly violating the Fair Debt Collection Practices Act by misrepresenting the amount of attorney involvement in drafting collection letters and for charging “unreasonable” fees to individuals who do not pay their rent. A copy of the complaint in the case of Lord et al v. … The post Collection Firm Facing Class-Action FDCPA Suit appeared first on AccountsRecovery.net.

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Appeals Court Affirms MSJ For Defense in FCRA Permissible Purpose Case

Account Recovery

The Eleventh Circuit Court of Appeals has upheld a lower court’s summary judgment ruling in favor of a defendant that was accused of violating the Fair Credit Reporting Act by accessing an individual’s credit report after an identity thief submitted the plaintiff’s personal information to the defendant. A copy of the ruling in the case … The post Appeals Court Affirms MSJ For Defense in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.

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Debt Collection Email Templates To Help You Collect Debts Faster

Debt Recoveries

Let’s face it, snail mail is dead, so your internal debt collection processes should start with some good debt collection email templates. Forget about snail mail. It’s a waste of your time and more importantly, your customer’s time. So here are 3 debt collection templates that are guaranteed to get your customer to sit up and take notice: 1. Pre-Due Reminder Email.

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Daily Digest – September 10. Getting to Know Pam Hardy of Frost Arnett; Colo. AG Holding Meeting on Extending Collection Prohibitions

Account Recovery

GETTING TO KNOW PAM HARDY OF FROST ARNETT Pam Hardy is a teacher at heart and has found a home at Frost Arnett. For her, the joy in seeing an employee or new hire learn a new concept is the same as getting a payment in full. Read on to learn more about Pam and … The post Daily Digest – September 10. Getting to Know Pam Hardy of Frost Arnett; Colo.

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Accept a Discount or Long-term Payment Plan: A Real Life Example

The Kaplan Group

All too often during the collection process our clients need to consider which is best for them, a lump sum payment with at a significant discount of what they are owed or a long-term payment plan for the full amount. We always want to collect 100%, but that isn’t always the right business decision for our clients. Our clients look to us for recommendations.

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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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For Lower-Credit Homeowners, Refinancing Is Harder, but Not Hopeless

Nerd Wallet

With mortgage interest rates hitting record lows, many homeowners have already refinanced — but others are having trouble finding a lender that will approve a new loan. According to a report from the Urban Institute, between January and June 2020, it became substantially more difficult for homeowners with FICO scores of less than 700 to. Kate Wood is a writer at NerdWallet.

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Gaining Insights and Building Digital Assets from Data

Re:Ceeve

2.5 quintillion bytes of data is created each and every day. However, data on its own is of little use—the real magic happens when you turn raw data into tangible assets that add value to your business. As such, data analysis is the bedrock of any modern organisation. But how does this affect collections? Through data analysis, lenders will begin to understand their past-due customers in granular detail: their preferences, their habits, their dislikes, and their wishes.

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Sep 10, Can I get my wages garnished without notice?

Debt Collection Answers

Can your wages be garnished without notice from your employer? And how do you stop wage garnishment? Find out what to do.

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Understanding the USDA Streamlined Assist Refinance

Nerd Wallet

The USDA streamlined assist refinance program lets eligible homeowners refinance their existing USDA loans without undergoing a credit check or having their debt-to-income and loan-to-value ratios calculated. The program is available to homeowners with USDA guaranteed loans, which are backed by the United States Department of Agriculture but provided by approved lenders, and USDA direct.

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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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Labor & Employment Podcast Series: Episode 3

Burr Forman

In episode 3 of the Labor and Employment Podcast Series, Amy Wilkes and Nina-Maja Bergmar discuss the COVID-19 litigation trends they’ve been seeing, the types of potential lawsuits employers may face, and what employers can do to prepare for and/or avoid litigation. The podcast is hosted by Burr partner Amy Wilkes from the firm’s Birmingham office, and fellow labor and employment associate Nina-Maja Bergmar from the firm’s Atlanta office.

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Underrated Reasons Why You Need an AmEx Gold Card

Nerd Wallet

The American Express® Gold Card couldn’t get away with charging a hefty $250 annual fee if it didn’t offer lots of good perks in return. The travel benefits that shine brightest include a significant welcome bonus (which can net you solid value in the AmEx Travel Portal) and a 3-points-per-dollar payout on qualifying travel spending, June Casagrande is a writer at NerdWallet.

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COVID Crime: What Is Money Muling, and How Can We Fight It?

Fico Collections

With temperatures frequently north of 100º, Arizona gets mighty hot in the summer. It turns out that during the summer of COVID-19, it’s also a hotbed of money muling , a criminal act that can be defined as: The role of transferring stolen funds. Typically, money mules are unwittingly tricked into depositing a fraudulent check into a bank account or into receiving money from accounts without authorization of the account owner.

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What Does a Financial Counselor Do?

Nerd Wallet

Financial counselors may not have the highest certifications available for financial advisors, but their expertise — especially in topics relevant to lower-income clients — may offer the help you need. Plus, you may be able to access financial counseling for free. Financial counselor definition Financial counselors help clients deal with financial topics like budgeting, debt.

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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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New Release | CreditManager 3.16

On Guard

New Release | CreditManager 3.16. We are proud to announce our newest release of CreditManager 3.16, our data-driven, cloud-based solution for debtor management. Feedback from our customers drives a major part the progress and evolution of our software. This release aims to address the feedback we’ve received and improve the way our customers experience CreditManager.

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Which Marriott Annual Choice Benefit Should You Choose?

Nerd Wallet

One of the most valuable perks of reaching Marriott Bonvoy Platinum Elite or Titanium Elite status is an Annual Choice Benefit — or, as it’s sometimes called, an “Annual Gift Choice.” Marriott Bonvoy members who reach these status levels get to choose one of five or six perks, like Elite Night Credits for yourself or. JT Genter is a writer at NerdWallet.

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Is the Aer Lingus Visa Signature Card Worth Its Annual Fee?

Nerd Wallet

Annual fees can make or break a credit card. While some credit cards come with enough perks or points to easily outweigh the cost of the annual fee, others may be more difficult to break even on. The most important thing when deciding if a credit card with an annual fee is right for you. Amanda Johnson is a writer at NerdWallet. Email: travel@nerdwallet.com.

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State Farm Renters Insurance Review 2020

Nerd Wallet

While State Farm is best known for being the country’s largest auto insurer, it also offers quality renters insurance. With very few customer complaints, the ability to file and track claims online and an abundance of coverage options to choose from, State Farm’s renters insurance is one of the best available. State Farm renters insurance. Ben Moore is a writer at 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.