Tue.Jan 05, 2021

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Bedard Shares Where Location Information Calls Most Often Go Awry in Latest Episode of ‘You Wanted a Rule, You Got a Rule’

Account Recovery

While not all of the details and provisions of the Consumer Financial Protection Bureau’s debt collection rule are new, that does not mean that regulations which have been on the books for years — but are still included in the rule — should be overlooked, especially since there are important opportunities for refresher lessons, noted … The post Bedard Shares Where Location Information Calls Most Often Go Awry in Latest Episode of ‘You Wanted a Rule, You Got a Rule&#

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5 Credit Card Trends to Watch for in 2021

Nerd Wallet

The COVID-19 pandemic forced credit card companies to make dramatic changes in 2020, some of which will continue into 2021. Many issuers tightened their underwriting, leaving consumers with fewer card options to choose from if they had less-than-good credit. Balance transfer cards all but disappeared, with some exceptions for those with excellent credit.

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Katabat Expands Product Reach by Acquiring Simplicity Collection Software

Account Recovery

WILMINGTON, Del., Jan. 5, 2021 /PRNewswire/ — Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. The acquisition aligns with and accelerates Katabat’s vision to be the dominant provider of debt collection software products for global consumer lenders … The post Katabat Expands Product Reach by Acquiring Simplicity Colle

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Avoid These Vague Financial Resolutions in 2021

Nerd Wallet

As we close out 2020 and enter 2021, most of us are anxiously awaiting a happier year ahead. Traditionally, we mark the fresh calendar year with New Year’s resolutions to keep us hopeful and motivated — particularly when it comes to our finances. If all goes well, by this time next year, you’ll be posting. Courtney Jespersen writes for NerdWallet. Email: courtney@nerdwallet.com.

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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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Daily Digest – January 5. Industry Experts Share Their Expectations for 2021; Where Location Information Calls Go Awry

Account Recovery

INDUSTRY EXPERTS SHARE WHAT THEY THINK WILL HAVE THE BIGGEST IMPACT ON THE ARM INDUSTRY IN 2021 A year ago, nobody would have predicted that a virus would be what impacted the world — and the ARM industry — more than anything else. What will shape our industry in 2021? Maybe it will be something … The post Daily Digest – January 5. Industry Experts Share Their Expectations for 2021; Where Location Information Calls Go Awry appeared first on AccountsRecovery.net.

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What event/occurrence will have the biggest impact on the ARM industry in 2021?

Account Recovery

A year ago, nobody would have predicted that a virus would be what impacted the world — and the ARM industry — more than anything else. What will shape our industry in 2021? Maybe it will be something we expect, maybe it won’t. AccountsRecovery.net asked nine members of the ARM industry — Mike Frost, Larry … The post What event/occurrence will have the biggest impact on the ARM industry in 2021?

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The Do’s and Don’ts of Lis Pendens in Florida

Jimerson Firm

A lis pendens is a common tool used in Florida to put third parties on notice of a pending lawsuit against real estate. If filed properly, a lis pendens protects the plaintiff in a lawsuit from any intervening liens on the property filed after the lis pendens. However, property owners may not be able to sell, obtain financing, or obtain title insurance until the lis pendens is removed.

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Orion Capital Solutions Donates Holiday Gifts to Local Families

Account Recovery

Orion Capital Solutions is donating Christmas gifts through Watermark Wesleyan Church in support of local families in need throughout our community. The team at our receivables management firm is committed to helping bring these families some additional joy as we celebrate the holiday season. Throughout the year, we promote several employee-driven efforts within our local … The post Orion Capital Solutions Donates Holiday Gifts to Local Families appeared first on AccountsRecovery.net.

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NerdWallet Writers and Editors Share What to Look for in a Credit Card, Savings Account and More

Nerd Wallet

We know you want the best things, whether that’s a feature-rich savings account or a credit card that gives you perks you’ll actually use. Regardless of what you’re shopping for, it helps to have a trusted, unbiased person who can tell you what to look for (and why). That’s why we turned to our NerdWallet writers. Valerie Lai writes for NerdWallet. Email: vlai@nerdwallet.com.

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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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Auditor Calls Out IRS For Allowing Agencies to Receive Commissions On Unstructured Payments

Account Recovery

The Internal Revenue Service has rejected a recommendation from an auditor that recommended the private collection agencies stop being paid commissions when accepting payments outside of formal payment arrangements, saying that it believes it is complying with the law by allowing the agencies to do so. The Treasury Department’s Inspector General for Tax Administration released … The post Auditor Calls Out IRS For Allowing Agencies to Receive Commissions On Unstructured Payments appea

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Brown & Joseph/Altus and Paragon Merger Announcement

Brown and Joseph

Brown & Joseph / Altus and Paragon Asset Recovery Services Inc. (Paragon), leading providers of commercial accounts receivable services to the insurance industry, are proud to… The post Brown & Joseph/Altus and Paragon Merger Announcement appeared first on Brown & Joseph, LLC.

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46 Hospitals Sue HHS Secretary to Reverse Bad Debt Policy

Account Recovery

A group of 46 hospitals have filed suit against Alex Azar, the Secretary for the Department of Health and Human Services, seeking the reversal of a policy that has kept hospitals from receiving $1.4 million in bad debt payments. A copy of the complaint, filed in the District Court for the District of Columbia, can … The post 46 Hospitals Sue HHS Secretary to Reverse Bad Debt Policy appeared first on AccountsRecovery.net.

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Barclays’ Arrival Cards Allowing Redemption at Full Value on Groceries, Gas, Restaurants (Limited Time)

Nerd Wallet

The three credit cards in Barclays’ portfolio of Arrival products are no longer available to new applicants — but if you already have one of them, the rewards you earn will be more flexible for a limited time. Arrival miles are still worth a penny each when you redeem them to “erase” eligible travel expenses. But through. Erin Hurd 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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2021 Minimum Wage Rates — Important State and Federal Changes

Fraser

Minimum wage laws are a mishmash of state and federal statutes and rules. Minimum wage rates and rules beginning in 2021 are an interesting reflection of this split of jurisdiction and federal rulemaking under the outgoing administration. This blog highlights some of the more impactful changes. State Of Michigan. The Michigan Minimum Wage Rate, currently $9.65 per hour, is consistently higher than the federal rate.

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AmEx Unveils Slew of Perks, Including $30 Monthly PayPal Credit for the Platinum (Limited Time)

Nerd Wallet

AmEx is kicking off 2021 by adding valuable credit card perks, most notably for holders of The Platinum Card® from American Express From Jan. 1 through June 30, 2021, the $550-annual-fee premium travel card will offer $30 per month in statement credits on eligible PayPal purchases. That’s a total of up to $180 in credits over. Erin Hurd writes for NerdWallet.

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10 Customer Experience Statistics For Accounts Receivable

PDC Flow

Poor customer experience negatively impacts companies every day – whether they realize it or not. However, the accounts receivable industry is seeing a shift in focus to prioritize consumers. If your AR company hasn’t made the shift yet, here are ten customer experience statistics that may change your mind. Impact of Negative Customer Service on Business.

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7 Smart Ways to Cut Car Costs in 2021

Nerd Wallet

From monthly payments to repairs to insurance, a car can be one of your biggest expenses. But that also makes it one of your biggest opportunities to put money back in your pocket. If you’re trying to make ends meet or want to simply save some money in 2021, here are seven easy ways to. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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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 Home Depot CBNA on My Credit Report?

Better Credit Blog

Did you apply for a Home Depot credit card, loan, or credit account? If so, there could be a hard inquiry from Home Depot CBNA on your report. Whenever you apply for funding, you can expect a hard credit check. Unfortunately, hard inquiries sometimes happen without your consent, due to reporting errors and identity theft. Home Depot CBNA On My Credit Report.

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Last Call: IHG Rewards Club Premier 140,000-point Sign-up Bonus

Nerd Wallet

If you’re searching for a new hotel credit card in hopes that 2021 will be the year you check trips off your travel bucket list, consider applying for the IHG® Rewards Club Premier Credit Card. Just hurry. The card currently has a fantastic sign-up bonus: Earn 140,000 bonus points after spending $3,000 on purchases within. Sally French writes for NerdWallet.

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What is CCB/LNDINGCL on My Credit Report?

Better Credit Blog

Wondering why CCB/LNDINGCL is on your credit report? The credit code represents Comenity Capital Bank/Lending Club, and it’s likely on your account because you applied for Lending Club’s Patient Solutions. Whenever you apply for a loan or a credit card, it leads to a hard inquiry like the one featured in your report. While a new entry can be an unwelcome surprise, a hard credit inquiry is a standard part of the credit application process.

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Is the United Business Card Worth Its Annual Fee?

Nerd Wallet

If you’re a business owner and a regular United Airlines flyer, the United? Business Card may be a match for you. It offers better perks than United’s similarly priced card for non-business owners, the United? Explorer Card. Benefits include a nice stack of welcome bonus miles, extra miles earned at office supply stores and a chance. June Casagrande writes for 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.

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What is Home Depot CBNA on My Credit Report?

Better Credit Blog

Did you apply for a Home Depot credit card, loan, or credit account? If so, there could be a hard inquiry from Home Depot CBNA on your report. Whenever you apply for funding, you can expect a hard credit check. Unfortunately, hard inquiries sometimes happen without your consent, due to reporting errors and identity theft. Home Depot CBNA On My Credit Report.

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5 Ways Young Drivers Can Save on Car Insurance

Nerd Wallet

Insurance costs for drivers in their early 20s can be staggering — after teenagers, young adults have some of the highest car insurance rates in the country. In fact, the average car insurance rate for drivers 20 to 25 years old is about $2,200 a year for full coverage, according to a 2020 NerdWallet analysis. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com.

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Online Retailer Settles with State Attorneys General Over Security Incident

Troutman Sanders

Seven state attorneys general, led by New York Attorney General Letisha James, reached a settlement with Residual Pumpkin Entity LLC (formerly known as CafePress LLC) (“CafePress”), related to a 2019 data security incident, exposing 22 million customer accounts and as many as 186,000 social security and tax identification numbers. Background. Based on the state attorneys general’s Assurance of Voluntary Compliance , CafePress — an online retailer of customizable apparel, mugs, and other consume

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Fundation Business Loan Review

Nerd Wallet

Online lender Fundation is a good option for small-business owners who: Want flexible term lengths: With terms from one to four years, you can access short-term cash for payroll or inventory, or longer-term financing for bigger projects. Have employees: Fundation requires that businesses are made up of the borrower and at least two other individuals.

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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.