Fri.Dec 02, 2022

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Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block

Account Recovery

The Supreme Court yesterday agreed to hear arguments this term in a lawsuit over the Biden administrations plan to cancel up to $20,000 of student loan debt, while another appeals court issued a ruling upheld a lower court’s decision to temporarily halt the program, after 26 million individuals had applied for loan forgiveness. Arguments in … The post Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block first appeared

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Don't Let Past Due Invoices Ruin Your Holidays!

Enterprise Recovery

The holidays are a special time when your business breathes out a sigh as one year ends and another begins. Right? Before that happens, there is much to do! The end of the year signals the looming beginning of tax preparation and budget decisions. It also means closing out the books for the year and discovering delinquent receivables. Don't let past-due invoices ruin your holidays!

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Data Breach at Wash. Collection Agency Impacts 3.7M Consumers

Account Recovery

A Washington-based collection agency has reported a data breach to the Attorney General of Maine after being the target of a ransomware attack last year that compromised the personal information of more than 3 million people, according to published reports. Attorneys have already started looking for individuals whose information may have been part of the … The post Data Breach at Wash.

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Labor Market Kept It Tight in 2022

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Labor Market Kept It Tight in 2022 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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Judge Grants MSJ for Defendant in FDCPA Case Over Cease Communications Request

Account Recovery

In a case that was defended by Cooper Walker at Frost Echols, a District Court judge in Texas has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case after the plaintiff admitted during a deposition that he never asked the defendant to stop calling him — even though that’s … The post Judge Grants MSJ for Defendant in FDCPA Case Over Cease Communications Request first appeared on AccountsRecovery.net.

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Collector Accused of Violating Reg F, FDCPA by Furnishing Info about Plaintiff’s Father on Plaintiff’s Credit Report

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Collector Accused of Violating Reg F, FDCPA by Furnishing Info about Plaintiff’s Father on Plaintiff’s Credit Report first appe

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Save for ‘Retirement’? Generate Lifetime Income Instead

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Let’s blow up the New Year’s financial resolution delusion. Instead, set a life-changing plan. Rather than saving money for.

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Daily Digest – December 2. Collector Accused of Violating Reg F Over Debt Parking; Data Breach at Wash. Collection Agency Impacts 3M Consumers

Account Recovery

COLLECTOR ACCUSED OF VIOLATING REG F, FDCPA BY FURNISHING INFO ABOUT PLAINTIFF’S FATHER ON PLAINTIFF’S CREDIT REPORT A defendant is being accused of violating the debt parking provisions of Regulation F and the Fair Debt Collection Practices Act because it allegedly furnished information about an unpaid debt to the credit reporting agencies that was owed … The post Daily Digest – December 2.

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The Guide to Star Alliance Silver

Nerd Wallet

When you earn elite status through an airline that’s part of an alliance, in a way, you’re earning two elite statuses. First, you receive benefits from the airline with which you earned your status. However, you also achieve elite status with that airline’s global alliance. Elite members of United MileagePlus, Air Canada Aeroplan and other. JT Genter 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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New regulatory body for Bailiffs launched

UK debt collections

A new regulatory body for bailiffs was launched on Wednesday as new figures reveal that over a third of families fear the cost-of-living crisis will force them into debt. The Enforcement Conduct Board (ECB) is the new independent oversight body for bailiffs set up to ensure that all those who are subject to enforcement action in England and Wales are fairly treated.

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4 Reasons to Buy Thrifted Gifts This Year

Nerd Wallet

Thrifting is hot, and Goodwill finds are cool again. But while we’re thrilled to find the perfect throwback tee for our own closet, gifting used goods still carries a stigma for some. It shouldn’t. Secondhand gifts are better for your wallet, your community and the environment. “The planet is drowning in excess stuff,” says Lauren. Kelsey Sheehy writes for NerdWallet.

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What Is an HSA?

Payment Savvy

A health savings account, or HSA, is a tax-advantaged account that allows account holders to save for qualified medical expenses , such as dental services or vision care, that are not reimbursed by high-deductible health plans. Apart from being handy for saving on medical costs, HSA is also useful for reducing taxable income. If you’re wondering how a health savings account (HSA) works and whether you are eligible to open it, read our guide and find all the answers here.

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5 Tips for Booking Group Travel Insurance

Nerd Wallet

Are you planning a group travel event? Maybe you have a large family, or you’re heading to an event hosted by your employer. Whatever the case, you may be looking to purchase travel insurance for your time out of town; but since there are so many of you, it may make sense to purchase group. Carissa Rawson writes for NerdWallet. Email: articles@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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Credit Card Processing Outage

Payment Savvy

Most businesses these days benefit from credit card payments, at least in some capacity. This means that whenever a card processing outage occurs, business owners have reasons to be worried. Nobody wants to tell their clients they can’t facilitate their payments, so fixing the problem in a timely manner is the number one priority. What can you do in such a situation?

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Common Bankruptcy Mistakes to Avoid

Luftman, Heck & Associates.

If you want to keep some of your debts, a repayment plan via a Chapter 13 bankruptcy may be the right move if you’re struggling. Alternatively, Chapter 7 could let you discharge everything to move on faster. But no matter what type of bankruptcy you go with, there are several missteps a debtor can make along the way. Some bigger mistakes have severe implications or may disqualify you from bankruptcy Read More.

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What Is an HSA Card and How To Use It?

Payment Savvy

Medical expenses are a major cause of bankruptcy in the U.S. The average American spends about $12,500 per year on health care. That’s a lot of money to pay out-of-pocket, especially when you consider that most people don’t have thousands of dollars sitting around in a savings account. What many people don’t realize is that there are ways to lower your medical expenses and save money without sacrificing quality care.

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Supreme Court to Hear Arguments on Biden’s Student Loan Forgiveness Plan

Troutman Sanders

As discussed here , on November 18, the Biden administration filed an application with the U.S. Supreme Court to vacate the Eighth Circuit injunction temporarily pausing the administration’s student loan forgiveness program. In its application, the administration requested that the Court either vacate the injunction, or, in the alternative, to construe the application as a petition for writ of certiorari before judgment, grant the petition, and set the case for an expedited briefing and argument

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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 Is an FSA?

Payment Savvy

A flexible spending arrangement or flexible spending account (FSA) is a tax-advantaged account provided by an employer to an employee to allow for covering eligible healthcare expenses or dependent care costs. It’s an employer-sponsored account, and in this regard varies from a health savings account (HSA). Depending on the extent of your medical or dependent care expenses, an FSA can help you save a significant amount of money on taxes.

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Specialized Brains ICT help improve user experience and capabilities within Visma | Onguard solutions

On Guard

Amsterdam, 2 December 2022 – Despite the talents that people with autism have, it is very difficult for them to function well in a regular work environment. Because of this, the idea of creating a protected environment where their talents can be fully expressed has emerged. While they are busy doing what they are good at, testing software, they are trained and coached in the areas they are less good at, namely communication skills.

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HSA vs. FSA – Which Is Better?

Payment Savvy

Health savings account (HSA) and flexible spending account (FSA) are tax-advantaged accounts that you can use to save money for qualified medical expenses as well as benefit from significant savings on your taxes. HSAs and FSAs have different advantages and eligibility requirements. If you are considering starting a savings plan that will suit your healthcare needs, here is all you need to know about both options to help you make a decision.

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November CMI Falls to New Low as Downward Trend Continues

NACM

?? The November NACM Credit Managers' Index fell once again, this time by 1.2 points to a reading of 52.0, its lowest since May 2020 and the lowest non-recession, non-pandemic value recorded.?? Hear from NACM Economist Amy Crews Cutts about her latest recession outlooks. The latest episode for Extra Credit can be found here.

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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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What is NFC Mobile Payment and How to Use It?

Payment Savvy

Consumer shopping behavior has changed greatly during the last decade. Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. Luckily, advances in payment technologies have paved the way for an improved experience at checkout, and such fast, secure, and convenient payment methods as near-field communication (NFC) entered the game.

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