Account Recovery

FEBRUARY 9, 2021

In issuing its debt collection rule, the Consumer Financial Protection Bureau had the opportunity to update a rule that had been left largely untouched since it went into effect more than 40 years ago. And, as has been discussed in previous videos, the CFPB did opt to modernize how debts are collected. But, as John … The post Bedard Breaks Down Rule’s Provisions Related to Location Information appeared first on AccountsRecovery.net.

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Collections Acquisition 243

American Profit Recovery

FEBRUARY 9, 2021

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. Choosing the right partner to work with your patients and handle payment arrangements is a critical part in managing not only your cash flow but your reputation.

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Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

FEBRUARY 9, 2021

The Federal Communications Commission yesterday announced that voice service providers must start reporting permanent disconnections of their subscribers starting on April 15 in the next step of the rollout of its reassigned numbers database. Voice service providers with fewer than 100,000 domestic retail subscribers will have an additional six months — to October 15 — … The post FCC Sets Date For Reporting Disconnect Data for Reassigned Number Database appeared first on Accoun

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Retail 242

Nerd Wallet

FEBRUARY 9, 2021

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business.

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Loans 142

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.

Account Recovery

FEBRUARY 9, 2021

BEDARD BREAKS DOWN RULE’S PROVISIONS RELATED TO LOCATION INFORMATION In issuing its debt collection rule, the Consumer Financial Protection Bureau had the opportunity to update a rule that had been left largely untouched since it went into effect more than 40 years ago. And, as has been discussed in previous videos, the CFPB did opt … The post Daily Digest – February 9.

Student loans 230

Student loans Student Loans Loans Collections 230

Account Recovery

FEBRUARY 9, 2021

A bill is circulating around the Colorado legislature that would dramatically overhaul how student loans are collected in the state, removing an exemption for licensed collection agencies while also imposing new disclosure requirements and imposing extensive civil liability exposure for those found to violate the provisions of the bill, should it become law.

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Student loans Student Loans Loans Collections 204

Prosperity Now

FEBRUARY 9, 2021

New Prosperity Now Scorecard data on policy adoption across the states is now available just in time for the start

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Account Recovery

FEBRUARY 9, 2021

A bill is moving through the legislature in Ohio that would halt the collection of all debts owed to any state college or university and any hospital operated by a college or university while also pausing the accrual of interest and collection fees on those debts. The bill was introduced by Rep. Jessica Miranda and … The post Ohio Bill Would Place Moratorium on Some Student Loan, Healthcare Debt Collection appeared first on AccountsRecovery.net.

Student loans 189

Student loans Student Loans Healthcare Loans 189

Credit Corp

FEBRUARY 9, 2021

The following is a guest post from Jacob Dayan, of Community Tax. Getting started with investing can be a fun and exhilarating way to make money—potentially a lot of money. However, for many young or beginner investors just getting started in the game, there are many pitfalls if they proceed without caution. Unfortunately, investing is glamorized in movies, TV shows, and popular culture.

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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.

Collections

Nerd Wallet

FEBRUARY 9, 2021

The Best Western Hotels & Resorts group is not the hotel chain your grandparents might remember. With 18 distinct brands and more than 4,700 individually owned properties across the globe, Best Western has offerings at every price point and across a wide range of styles. The Best Western Rewards loyalty program lets guests earn points. Ramsey Qubein writes for NerdWallet.

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PDC Flow

FEBRUARY 9, 2021

Another year of Collector.Live! content is in the books, and the speakers did not disappoint. Negotiation expert Joshua Weiss spoke about negotiation tactics front line collectors can use to improve call outcomes and Joann Needleman of Clark Hill discussed digital communication with consumers. Another inspiring speaker, Mike Hiller of American Profit Recovery , discussed the benefits of mental rehearsal for improving your behaviors when negotiating debt collection payments.

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Collections 88

Nerd Wallet

FEBRUARY 9, 2021

Key takeaways Discretionary income is the money you have left after you pay for essentials, like housing. You can use discretionary income to build a budget with the 50/30/20 strategy. The federal government uses a discretionary spending formula to set your student loan repayment amount under income-driven repayment programs. Discretionary income is the amount of.

Student loans 90

Student loans Student Loans Government Loans 90

Roths Child Law

FEBRUARY 9, 2021

If you've been considering filing for Chapter 7 bankruptcy in Tennessee, you've probably heard of the bankruptcy means test. The means test is a relatively lengthy form that is used to determine whether your disposable income is low enough to qualify you for Chapter 7 bankruptcy relief. Median income. The first step to passing the means test is to determine whether your average monthly income from all sources falls below the median income for Tennessee.

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Chapter 7 bankruptcy Bankruptcy Education Creditors 80

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?

Banks

Nerd Wallet

FEBRUARY 9, 2021

If the past year spent at home has you itching to jump on every airplane you can with your BFF, here’s a deal for you: Southwest’s Companion Pass has just become much easier to earn. That’s because Chase, which offers three Southwest co-branded credit cards for consumers — the Southwest Rapid Rewards® Plus Credit Card, Sally French writes for NerdWallet.

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Prosperity Now

FEBRUARY 9, 2021

Each year, millions of households struggle to cover their basic needs in the face of economic fluctuations.

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Nerd Wallet

FEBRUARY 9, 2021

Both digital banks and some brick-and-mortar institutions allow you to open a business checking account online. Although brick-and-mortar banks have expanded their online capabilities, especially during the COVID-19 pandemic, you’ll find that big-name, national banks are more likely to provide online applications compared with smaller, local institutions.

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Banks 73

On Guard

FEBRUARY 9, 2021

How businesses can implement risk-reducing measures to boost the likelihood of timely payments during turbulent economic times. Q: During this period of economic uncertainty, it’s crucial that our business minimises risk in order to reduce the likelihood of non-payment, but where do I start with creating an effective risk strategy within my order-to-cash process?

Credit Management 59

Credit Management 59

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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.

Collections

Nerd Wallet

FEBRUARY 9, 2021

OnPay’s platform provides payroll, human resources and benefits functions through a software service that’s designed for small businesses but is versatile enough to meet the needs of midsize companies and specialized industries such as restaurants, nonprofits and farms. Businesses can use the software to run their payroll operation, automate all taxes and simplify their HR.

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Debt Guru

FEBRUARY 9, 2021

Credit cards are a great option when you don’t want to carry cash. They enable online purchases. They are abundantly available. And they offer convenience, protection, and rewards that make them handy tools in your financial arsenal. They work well when you manage them smartly by paying off your balances every month. On the flip side of the coin, credit cards can be financially devastating if you don’t consider the risks before getting in over your head.

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Bankruptcy Debt Management Lender Loans 52

Nerd Wallet

FEBRUARY 9, 2021

A new sign-up bonus for three Southwest-branded credit cards will make it easier to access the airline’s sought-after Companion Pass. The offer, launching Feb. 9, 2021, is as follows: “Earn a Companion Pass through 2/28/2022 plus 30,000 points after you spend $5,000 on purchases in the first 3 months.” Eligible cards include: Southwest Rapid Rewards®.

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Fico Collections

FEBRUARY 9, 2021

A fraudster’s perfect storm has broken in the UK. When the country voted in favour of Brexit in June 2016, it signalled the start of a long, painstaking journey to split from the European Union. Politicians clashed over trade deals, European citizens living in the UK became unsure of their residential status, and newspaper headlines provoked more questions than they answered – a fraudster’s dream.

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Government Banks Education Trade 52

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.

Troutman Sanders

FEBRUARY 9, 2021

Last Thursday, the Eleventh Circuit affirmed a district court’s dismissal for lack of standing in a data incident case. The majority opinion, written by Senior Judge Gerald Bard Tjoflat and joined by Judge Adalberto Jordan and Senior Fourth Circuit Judge William Traxler sitting by designation, highlighted the disagreement among federal appellate courts about the type of harm that will support Article III standing in a data incident case.

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Manufacturing Government 52

Fico Collections

FEBRUARY 9, 2021

In June this year, the FATF released their report on, ‘ Money Laundering and the Illegal Wildlife Trade’. This is a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4thmost lucrative trade.

Trade 52

Trade Banks Financial services 52

Burr Forman

FEBRUARY 9, 2021

During the height of the GameStop (NYSE: GME) mania, Slate author Jordan Weissman explained that. “[A]t a moment that the markets are being overrun, for better or worse, by posters who’ve basically dedicated themselves to shredding the idea that markets are efficient, rational mechanisms for allocating capital and discovering value, tweeting about stonks seems far more appropriate than discussing something as reasonable and comprehensible as stocks.

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Trade Financial Institution Retail Financial services 52

Fico Collections

FEBRUARY 9, 2021

Instant Mortgages, Just Add Data and Decision Management. Singapore’s OCBC Bank is using FICO technology to approve mortgages in 60 minutes. The winner of the 2021 FICO Decisions Award for Customer Onboarding & Management used FICO® Origination Manager to create a self-serve online ‘instant mortgage’ service. OCBC’s offering has been very successful in Singapore, and particularly timely.

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Banks Loans Collections 52

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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.

Credit Unions