Thu.Jan 13, 2022

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Getting to Know Jennifer Whipple of Collection Bureau Services

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 Jennifer Whipple

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What is the difference between Chapter 7 and Chapter 13 bankruptcy?

Roths Child Law

Are you drowning in debts? If so, you are not alone. The pandemic left many Americans unemployed and without the means to pay off their debts. However, you can get rid of the financial and emotional pressure of being a debtor by filing for Chapter 7 or Chapter 13 bankruptcy. Both Chapters can help you start anew and discharge your debts, but they work differently.

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Daily Digest – January 13. Getting to Know Jennifer Whipple; BK Appeals Court Overturns Ruling

Account Recovery

GETTING TO KNOW JENNIFER WHIPPLE OF COLLECTION BUREAU SERVICES In what might be a first for the “Getting to Know” series, a participant has taken the best advice she has ever received and turned that into some pretty good advice of her own. “Adapt, adjust, and overcome” writes Jennifer Whipple — and if that doesn’t … The post Daily Digest – January 13.

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Honoring Martin Luther King Jr. in our Fight for Transformative Racial Economic Justice

Prosperity Now

“But far from representing retrogression and tragic meaninglessness, the present tensions represent the necessary pains that accompany the birth of

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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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BK Appeals Court Overturns Attorney’s Fee Award Over Time-Barred Claims

Account Recovery

The Bankruptcy Appellate Panel, Ninth Circuit, has overturned a bankruptcy’s court ruling that awarded a debtor attorney’s fees after a debt collector filed proofs of claim that were time-barred. A copy of the ruling in the case of LVNV Funding v. Andrade-Garcia can be accessed by clicking here. The debtor filed for Chapter 7 bankruptcy … The post BK Appeals Court Overturns Attorney’s Fee Award Over Time-Barred Claims appeared first on AccountsRecovery.net.

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Calif. DFPI to Get $7M More in Proposed Budget

Account Recovery

The Governor of California has earmarked more than $11 million of the budget for the state’s Department of Financial Protection & Innovation to “protect consumers and ensure transparency of the debt collector industry through strong government oversight and data collection.” The item was part of Gov. Gavin Newsom’s $286 billion budget that was released earlier … The post Calif.

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In-Depth Inspirato Pass Review: Good Idea, Lousy Execution

Nerd Wallet

Luxury travel without the luxury price tag: That’s the dream of many travel optimizers, myself included. It’s why I got into points and miles in the first place, and one of the reasons why I was interested in Inspirato Pass, a luxury travel subscription service. Here’s the idea behind Inspirato Pass: For a flat monthly. Sam Kemmis writes for NerdWallet.

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State Donates $7100 to Holiday Adopt-a-Family

Account Recovery

Madison, Wis., (January 11, 2022) – In the spirit of the season, State continued its annual holiday tradition of Adopt-a-Family by donating $7,100 to assist families in our communities. 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. The generosity of State’s … The post State Donates $7100 to Holiday Adopt-a-Family appeared first on AccountsRecovery.net.

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5 Things to Know About Nova Credit

Nerd Wallet

Making a big move to the U.S. can already be a challenge for newcomers, but it’s even more difficult when you can’t get credit. It’s been a longtime obstacle for immigrants up until recent years, and Nova Credit is one of the financial technology companies clearing the path. Nova Credit offers immigrants from certain countries. Melissa Lambarena 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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IRS Shares Details About 2021 Tax Season; Special Access to Tax Prep Webinar Recording

Account Recovery

I’ve included a couple of links and references in the “Worth Noting” section of The Daily Digest this week with details about income tax returns, but wanted to put everything together and share access to a webinar recording on the topic of how companies in the ARM industry should be approaching tax season this year. … The post IRS Shares Details About 2021 Tax Season; Special Access to Tax Prep Webinar Recording appeared first on AccountsRecovery.net.

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$1,000 to Re-Enter the U.S. — How Much COVID Tests Abroad Can Cost Your Family

Nerd Wallet

How much money should you set aside for COVID tests when traveling internationally? It could cost you one grand. That’s what happened to Josh Summers and his family, who paid $1,000 for COVID-19 tests to come to the U.S. Summers lives in Chiang Mai, Thailand, but was headed to the U.S. to spend the 2021. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Is there a right time to file bankruptcy?

Albuquerque Law

Financial struggles can crop up quickly and often without warning. Thankfully, there are various options that you can pursue to find relief from debt and get a fresh start. However, many New Mexicans considering these options often wonder: when is it the right time to seek such debt relief? When should you file? It is true that timing can play a critical role in the bankruptcy process, especially regarding when you file bankruptcy.

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This Year, Resolve to Leave No Gift Card Unused

Nerd Wallet

Years ago, a friend who needed cash sold me a $100 Nordstrom gift card. I wish I knew where the heck I put it. Gift cards are a popular holiday solution, especially recently, as supply chain disruptions and shipping delays have made gift buying more challenging. Most gift cards are spent within a year, but. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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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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Late payments still afflicting businesses: why debt recovery should be taken seriously

CSA

Chris Leslie is CEO of Credit Services Association. Recent research by trade credit insurer Atradius reported by Credit Connect in December (? Businesses Write Off ?8 in Every ?100 as Uncollectable ? - 23 December 2021) suggested that as much as 44% of the total value of UK B2B sales were reported as ?overdue? in 2021 with a further eight percent written off entirely as ?

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Smart Money Podcast: Saving for Your Dream 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. Welcome to NerdWallet’s Smart Money podcast, where we usually answer your real-world money questions. But in this episode, we continue our series on financial dreams, with conversations with Nerds who.

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Efficient Ways to Collect Money From Clients

JMA

Owning and running a business involves a careful balancing act. From accounts to clients, goods and services to cash flow – at any one time, there is a lot going on. So, the last thing you need is having to chase clients for unpaid invoices. As a business owner, one of the things you strive. Read more » The post Efficient Ways to Collect Money From Clients appeared first on JMA Credit Control.

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USAA Renters Insurance Review 2022

Nerd Wallet

USAA serves veterans and active members of the military, offering not only insurance but also financial products such as bank accounts, credit cards and investments. If you’re eligible to buy a policy, USAA renters insurance is well worth considering. The company’s renters policies are more comprehensive than most. Nearly every insurer will cover things like.

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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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Supreme Court Blocks OSHA’s Emergency Temporary Standard for Employee COVID-19 Vaccination and Testing

Burr Forman

WHAT MATTERS. After more than two months of litigation, the Supreme Court stayed OSHA’s November 5, 2021 Emergency Temporary Standard requiring COVID-19 vaccination or weekly testing for employers with more than 100 employees. On January 13, 2022, the Supreme Court, in an unsigned 6-3 per curiam decision , stayed the Occupational Safety and Health Administration’s (“OSHA”) COVID-19 Vaccination and Testing Emergency Temporary Standard (“ETS”).

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Debt Collection and Debt Resolution in 2022

Fico Collections

Now that we’ve turned the page on the calendar, and entered the third year of the global pandemic, what are the challenges facing debt collection and debt resolution professionals? I’ve been in the business for more than 30 years now, and while some of what I see is new, much of it is awfully familiar. Stress on Household Wallets. Regardless of the billions in cash reserves governments have invested in furlough schemes, business loans, deferred repayments and debt relief schemes, the cost of liv

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NACA essay argues that consumer statutory damages set decades ago should be increased because of inflation

Public Citizen

Here. Excerpt: Since the 70’s, the FCRA has allowed consumers with credit reporting claims to recover up to $1,000 per statutory violation of the law, while the FDCPA allows statutory damages up to $1000 per case even when multiple violations of the law are present. It is decades-past time for an update. An annual inflation rate of 6.2%, a 31-year high, has been enough to spark panicked headlines and heavy debate among policymakers, but the effects of the 351% cumulative rate of inflation on FDC

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Debtor Allowed to Make Voluntary Contributions to Retirement Fund While Repaying Creditors

ABI

Jennifer Hepner. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In In re Marlena Joy Pizzo , the United States Bankruptcy Court for the District of South Carolina held that a debtor may voluntarily contribute to her retirement plan while paying creditors under a bankruptcy plan. [1] Following the filing of her petition for relief under Chapter 13 of title 11 of the United States Code (the “Bankruptcy Code”), Marlena Pizzo proposed a bankruptc

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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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Ninth Circuit says BMW can't force arbitration based on arbitration clause in purchase agreement between the consumer and the car dealership

Public Citizen

Here's the first paragraph of yesterday's decision in Ngo v. BMW North America : In 2012, Kim Ngo bought a new BMW 535i sedan from Peter Pan Motors, Inc, a car dealership. Because the dealership financed Ngo’s purchase, they entered into a purchase agreement which contained an arbitration clause. As a result of alleged defects with the car, Ngo sued BMW of North America, LLC (“BMW”), the manufacturer, which was not a signatory to the purchase agreement.

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Second Circuit Disallows Private Educational Loans from Discharge Under 11 U.S.C. § 523(a)(8)(ii)

ABI

By: Sean B. King. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In Homaidan v. Sallie Mae , the United States Court of Appeals for the Second Circuit held that private educational loans may be discharged under § 523(a)(8)(ii) of title 11 of the United States Code (the “Bankruptcy Code”). [1] Homaidan funded his college education, in part, with two private tuition loans from Navient that totaled $12,567. [2] Soon after graduating f

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A Foreign Debtor May Qualify for Florida Homestead Exception

ABI

Jenna Kirkland. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In In re De Bauer , a bankruptcy court in Florida held that a debtor who was not a permanent resident of the United States was entitled to the Florida homestead exemption. [1] Adaluz Rojas De Bauer (“Debtor”), who is not a permanent resident or citizen of the United States, filed a voluntary petition for relief under Chapter 7 of the title 11 of the United States Code (the “Bankruptcy

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Debtors do not have the Burden to Prove Section 523(a)(8) applies to their Loans

ABI

Kimberly Lee. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] However, the undue hardship requirement does not apply to all student loans; section 523(a)(8) generally applies to a loan guaranteed by the government or funded by the government or a nonprofit

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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.