Thu.Dec 08, 2022

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Getting to Know Justin Miller of Vital Solutions

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 Justin Miller of

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Ask a Nerd: How Should I Set Up My Bank Accounts?

Nerd Wallet

Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com. Twitter: @SpencerNerd. The article Ask a Nerd: How Should I Set Up My Bank Accounts? originally appeared on NerdWallet.

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McHenry Tapped to Lead House Financial Services Committee

Account Recovery

Surprising probably exactly zero people, Rep. Patrick McHenry [R-N.C.] was selected yesterday to be the next chair of the House Financial Services committee. Rep. McHenry, who has been ranking member of the committee for the past two years, will take over for Rep. Maxine Waters [D-Calif.] when the new congressional term is gaveled into session … The post McHenry Tapped to Lead House Financial Services Committee first appeared on AccountsRecovery.net.

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Avoid 5 Banking Mistakes to Earn More Interest, Pay Less in Fees

Nerd Wallet

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article Avoid 5 Banking Mistakes to Earn More Interest, Pay Less in Fees originally appeared on 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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Reg F Did Little to Push Agencies Into Using Email, Text: Survey

Account Recovery

Regulation F has had “little effect” on the communication methods used by third-party debt collectors, with email communications placing a “distant third” behind letters and phone calls attempting to get in touch with consumers to pay their unpaid debts, according to a report released yesterday by TransUnion on the third-party collection market.

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Daily Digest – December 8. Getting to Know Justin Miller of Vital Solutions; Reg F Did Little to Push Agencies Into Using Email, Text Messaging

Account Recovery

GETTING TO KNOW JUSTIN MILLER OF VITAL SOLUTIONS Grit and empathy — the two most important components of the genetic code that make up successful professionals in the accounts receivable management industry. Justin Miller — back for his second stint at Vital Solutions — definitely has both, which is what has allowed him to scale … The post Daily Digest – December 8.

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Coinbase Wallet Review 2022: Pros, Cons and How It Compares

Nerd Wallet

Our Take 4 The bottom line: Trezor's hardware cryptocurrency wallets are a good choice for users seeking simple, offline storage with high security. There are no native staking or NFT features, however, so users looking for more Web 3 access might prefer a device from competitor Ledger. The standard version, Model One, supports 1,289 cryptocurrencies.

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N.Y. Announces Anti-Surprise Billing Regulation

Account Recovery

The state of New York is enacting a regulation that will protect consumers from surprise medical bills when they relied on incorrect information from their insurance companies, Gov. Kathy Hochul announced yesterday, saying that she plans to include the proposal in her upcoming State of the State address. The regulation, which addresses a longstanding concern … The post N.Y.

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How to Make the Most of New Rules for Charitable Giving

Nerd Wallet

[link]. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. The article How to Make the Most of New Rules for Charitable Giving originally appeared on 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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More UK Energy firms are predicted to go bust in 2023

UK debt collections

More UK energy firms are predicted to go bust in 2023 according to one expert. The boss of Centrica, parent company of British gas made the stark prediction that many UK energy firms are already insolvent. Centrica Chief Executive Chris O’Shea is reported in the Daily Mail as suggesting some small energy firms have already run out of cash. This would render them as technically insolvent which makes for uncomfortable reading for many.

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The Guide to ANA Premium Economy

Nerd Wallet

Flights to Japan aren’t short. If the idea of flying across the Pacific Ocean in a standard economy seat sounds unbearable, the good news is that you’ve got options. Japan-based All Nippon Airways — better known by its abbreviation ANA — offers up to four classes of service on its flights between the U.S. and. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022)

Fico Collections

Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. FICO Admin. Tue, 02/18/2020 - 14:57. by David Binder. Senior Director, Scores. expand_less Back To Top.

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The Best Disney Resort for Adults

Nerd Wallet

While Disney is most well-known for its family-friendly activities and theme parks, it also plays host to a large variety of attractions geared toward adults. This includes its resorts, which often pair fantastical theming with exclusive benefits for its customers. But what is the best Disney resort for adults — and where will you find. Carissa Rawson 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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Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

Fico Collections

Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder. Senior Director, Scores. expand_less Back To Top. Thu, 12/08/2022 - 16:00. If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria.

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Japan Has Reopened for Tourism: What You Should Know and Do

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article Japan Has Reopened for Tourism: What You Should Know and Do originally appeared on NerdWallet.

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Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022)

Fico Collections

Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Saxon Shirley. Thu, 05/12/2022 - 07:46. by Jim Patterson. expand_less Back To Top. Thu, 12/08/2022 - 16:00. We all purchase insurance policies for one fundamental reason – to protect and manage our valuable assets against unexpected events.

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Ledger Crypto Wallet Review 2022: Pros, Cons and How It Compares

Nerd Wallet

Our Take 4 The bottom line: Trezor's hardware cryptocurrency wallets are a good choice for users seeking simple, offline storage with high security. There are no native staking or NFT features, however, so users looking for more Web 3 access might prefer a device from competitor Ledger. The standard version, Model One, supports 1,289 cryptocurrencies.

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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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Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022)

Fico Collections

Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022). Building portfolio risk resilience into Collections & Recovery. asokolowski. Fri, 06/03/2022 - 12:24. by Jim Patterson. expand_less Back To Top. Thu, 12/08/2022 - 16:00. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management.

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Arizona State Court Issues Show Cause Order: Will Review Constitutionality of Arizona Protection from Predatory Debt Collection Act

Troutman Sanders

On December 5, an Arizona Superior Court for Maricopa County issued an Order to Show Cause to the state of Arizona and scheduled an expedited evidentiary hearing in a suit challenging the newly passed Arizona Protection from Predatory Debt Collection Act (the Act), also known as Proposition 209. Arizona voters passed the Act in the November midterm elections and it became effective on December 5, the same day the suit and show cause order were filed.

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Free January Community Association Board Member Certification Course

Jimerson Firm

Join Jimerson Birr on Tuesday, January 17, 2023, for a free Community Association Board Member Certification Course. This is a DBPR-approved educational program designed for association board officers and directors. The course, led by Jimerson Birr Associate Attorney Bryan M. Davis , will help participants understand how effective associations can and should function, as well as how to become a more effective member of the team.

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US creditors can now DM debtors on social media

Collection Industry News

Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors to slide into the DMs of millions of Americans who have loans. Critics say the messages could be lost online or lead to invasions of privacy and a proliferation of new scams.

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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.