Thu.Feb 16, 2023

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Getting to Know Bob Burnside of Telrock Systems

Account Recovery

Chances are, from the sound of it, if there is a job somewhere inside a collection operation, Bob Burnside has done it, and likely done it well. Recognizing that spending more than three decades in the industry is an accomplishment in and of itself, Bob doesn’t take his longevity and success lightly. Read on to … The post Getting to Know Bob Burnside of Telrock Systems first appeared on AccountsRecovery.net.

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Survey: 42% of Gen Z Don’t Know Their Credit Score

Credit Corp

A healthy credit score can lead to better financial opportunities for people of all ages. That includes more opportunities for loans and credit—often at better rates. But a good credit score can also positively impact your chances at getting approved for a lease on an apartment. In fact, even a Congressman in Washington, D.C., can’t always score an apartment without a decent credit score—a fact the first Gen Z rep in the nation’s capital learned firsthand.

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BK Judge Substantially Reduces Fee Award in Decade-Long FDCPA Case

Account Recovery

I will admit that I scrolled past this ruling the first time I saw it — largely because it had to do with a mortgage foreclosure and because the ruling itself is really long (and I mean really long) — but someone who knows a lot more about the law in this industry pointed it … The post BK Judge Substantially Reduces Fee Award in Decade-Long FDCPA Case first appeared on AccountsRecovery.net.

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FICO Named America's Best Mid-Sized Employer by Forbes Magazine

Fico Collections

Home Blog FICO FICO Named America's Best Mid-Sized Employer by Forbes Magazine FICO recognized by Forbes for the third consecutive year Saxon Shirley Thu, 05/12/2022 - 07:46 by Richard Deal expand_less Back To Top Thu, 02/16/2023 - 20:00 FICO was recently named one of America’s Best Mid-Sized Employers by Forbes Magazine for the third consecutive year — ranking in the top quintile overall and #7 in the IT, Internet, Software & Services Industry segment.

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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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Why Payment Apps Are Something You Should be Looking At

Account Recovery

We have been talking about collectors taking payments via apps like Venmo and PayPal for quite a while now, and new data has been released showing just how much money consumers are storing in payment apps, be they for specific merchants (like Starbucks) or on general purpose apps. While we could turn the phrase “consumer … The post Why Payment Apps Are Something You Should be Looking At first appeared on AccountsRecovery.net.

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Judge Denies Defendant’s MSJ in FCRA Case Over Disputed Tradeline

Account Recovery

A District Court judge in Illinois has denied a defendant’s motion for summary judgment in a Fair Credit Reporting Act case, ruling that it did not meet its burden proving it conducted a reasonable investigation after the plaintiff submitted a dispute regarding an item on her credit report. A copy of the ruling in the … The post Judge Denies Defendant’s MSJ in FCRA Case Over Disputed Tradeline first appeared on AccountsRecovery.net.

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Pet Trusts: Ensuring the Best Future for Your Furry Friend

Debt Free Colorado

As pet owners, we all want our furry friends to live a long and healthy life. However, we can’t always guarantee that we will be around to take care of them for their entire lifetime. This is why it is important to plan for the future, especially when it comes to the financial well-being of our pets. In this article, we will discuss how to create a pet trust in Colorado to ensure that your pet will be taken care of, even after you’re gone.

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Daily Digest – February 16. Getting to Know Bob Burnside of Telrock Systems; BK Judge Reduces Fee Award in Decade-Long FDCPA Case

Account Recovery

GETTING TO KNOW BOB BURNSIDE OF TELROCK SYSTEMS Chances are, from the sound of it, if there is a job somewhere inside a collection operation, Bob Burnside has done it, and likely done it well. Recognizing that spending more than three decades in the industry is an accomplishment in and of itself, Bob doesn’t take … The post Daily Digest – February 16.

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10 Tips to Secure the Best Interest Rate on your Mortgage

Credit Corp

Article originally published December 13th, 2017. Updated February 16th, 2023. Buying a home is an extensive process. It includes marshaling your assets, reviewing your credit—and potentially trying to improve it—and shopping for a house that meets your wants and needs. That’s all before you enter the process of applying for a mortgage and considering your offers.

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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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Child and Dependent Care Credit: Definition, Who Qualifies

Nerd Wallet

Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com. The article Child and Dependent Care Credit: Definition, Who Qualifies originally appeared on NerdWallet.

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Scottish network highlights Freelancer late payment issues

UK debt collections

A Scottish Freelance network has highlighted Freelancer late payment as one of the challenges facing Freelancers in the UK. A key problem cited is late payment and fuels a need for debt collection for freelancers service. Literature Alliance Scotland (LAS) is launching a research report on the worrying state of the literary freelance workforce in Scotland that is sending them to a financial precipice.

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Airbnb Just Had Its Best Market Day Yet. Can It Keep the Run Going?

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article Airbnb Just Had Its Best Market Day Yet. Can It Keep the Run Going? originally appeared on NerdWallet.

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How to Negotiate with Your Debtors

JMA

Debt collection is a complicated and time-consuming process that requires patience, persistence, and effective communication skills. When dealing with debtors who are unwilling or uncooperative, negotiating is a critical step in collecting what is owed and can prevent the situation from escalating into a legal battle. In this article, we will provide comprehensive tips on.

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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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Ask a Nerd: Why Southwest Should Allow 3rd-Party Airfare Search

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Ask a Nerd: Why Southwest Should Allow 3rd-Party Airfare Search originally appeared on NerdWallet.

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Rick Steinberg presents at Transportation Lawyers Association webinar

Price Meese

Rick Steinberg presented a webinar to the Transportation Lawyers Association on February 16, 2023 entitled “Keep on Truckin’ Even After a Catastrophic Accident: Subchapter V as the Last Line of Defense.” Rick is the Chairman of the TLA Bankruptcy and Creditors’ Rights Committee. The post Rick Steinberg presents at Transportation Lawyers Association webinar appeared first on Price, Meese, Shulman & D’Arminio, PC.

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SBA Loan Overview: Types, Pros and Cons, How to Apply (test)

Nerd Wallet

Franchisees looking to get an SBA loan can fund their business with an SBA 7(a) or SBA CDC/504 loan. These SBA loans are partially guaranteed by the U.S. Small Business Administration and issued by participating lenders, typically banks and credit unions. To qualify for an SBA loan, however, you’ll need to meet strict lending criteria. Caroline Goldstein writes for NerdWallet.

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Rick Steinberg appointed to Executive Committee of Transportation Lawyers Association

Price Meese

Rick Steinberg has been appointed a Representative at Large to the Executive Committee of the Transportation Lawyers Association to serve a two year term commencing May, 2023. The post Rick Steinberg appointed to Executive Committee of Transportation Lawyers Association appeared first on Price, Meese, Shulman & D’Arminio, PC.

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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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Family Budgeting Tips That Actually Work

Nerd Wallet

Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer. The article Family Budgeting Tips That Actually Work originally appeared on NerdWallet.

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What Are the Downsides to Merchant Cash Advance Agreements?

FFGN COLLECT NY

There are many downsides to merchant cash advances. A merchant cash advance, or MCA , is a type of financing agreement for businesses. An MCA company purchases a portion of a business’s future revenue in exchange for a lump sum. That money is often repaid with a percentage of the business’ credit card sales, what’s known as the hold-back percentage.

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Smart Money: 'The Color of Wealth': Investing for Your Future

Nerd Wallet

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: 'The Color of Wealth': Investing for Your Future originally appeared on NerdWallet.

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Conflicting Decisions Illustrate Uncertainty as to Whether TCPA Extends to Text Messages

TCPA

Two recent District Court opinions highlight an ongoing dispute as to whether the TCPA and its implementing regulations should apply to mobile (cellular) phones and text messages received thereon, as opposed to the more limited application of only traditional residential … Continue reading →

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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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Best Universal Orlando Hotels

Nerd Wallet

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article Best Universal Orlando Hotels originally appeared on NerdWallet.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On February 10, while delivering remarks on CNBC ‘s Squawk Box and discussing the Securities and Exchange Commission’s (SEC) recent $30 million-dollar settlement with cryptocurrency exchange Kraken for its offering of a crypto staking program, S

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Michaels Crafts a Credit Card Earning 9% Back on Store Purchases

Nerd Wallet

Jaime Hanson writes for NerdWallet. Email: jhanson@nerdwallet.com. The article Michaels Crafts a Credit Card Earning 9% Back on Store Purchases originally appeared on NerdWallet.

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“Consumers deserve to understand better the investment they are making”: Senate Banking Committee Probes a Regulatory Framework for Digital Assets After the Implosion of FTX

Troutman Sanders

On February 14, the U.S. Senate Committee on Banking, Housing, and Urban Affairs (Committee) conducted an open session hearing entitled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets.” The chosen title of the hearing very clearly highlights two issues that continue to plague the digital asset market: (1) the financial harm imposed on consumers by the continual entry of unsupervised cryptographic-based financial products into the U.S. economy; and (2) the lack of a b

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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.