Account Recovery
FEBRUARY 25, 2021
A bill has been introduced in the New York legislature that would place a tax on the data collected and used by business for commercial purposes, although the threshold for being subject to the tax appears to be very high. The bill, S4959, was introduced earlier this week by state Sen. Liz Krueger, the chair … The post Bill Introduced in New York to Tax Data Collection appeared first on AccountsRecovery.net.
Nerd Wallet
FEBRUARY 25, 2021
Real estate agents have an urgent message for homeowners: Now is the time to sell. “A lot of people are missing the best market now by waiting,” says agent Kris Lindahl. Home sellers wield formidable negotiating mojo because demand outweighs supply. Buyers outnumber sellers, as relatively few owners are putting their homes on the market. Holden Lewis writes for NerdWallet.
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Account Recovery
FEBRUARY 25, 2021
Profits for all of 2020 were up at Encore Capital Group even though it made less money in the fourth quarter than it did in the same period a year earlier, according to the company’s quarterly financials that were released yesterday. Even though the company spent 34% less on portfolio purchases in 2020 than it … The post Profits For 2020 Up at Encore Capital Group appeared first on AccountsRecovery.net.
Credit Corp
FEBRUARY 25, 2021
Good credit is crucial to unlocking many financial opportunities in life. When you have a great credit score , you can get lower interest rates on car loans, credit cards and mortgages. Some employers and landlords even check credit reports before they make a job offer or approve a resident application. While developing a solid credit history takes time, follow some of these tips on how to establish credit once you turn 18 to get started as soon as possible. 1.
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 25, 2021
GETTING TO KNOW MATT INSCORE OF CSO FINANCIAL Family history may have predestined Matt Inscore for a career in the ARM industry, but to his credit, he hasn’t accepted his fate as a burden. Rather, his enthusiasm for helping support co-workers and colleagues he has been around so long that he considers them to be … The post Daily Digest – February 25.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
FEBRUARY 25, 2021
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 Matt Inscore of
Nerd Wallet
FEBRUARY 25, 2021
Chase is using a new and expanded definition of “cash-like transactions,” which for Chase credit card holders refers to purchases that trigger the penalties of taking a cash advance. Cash advance rules can vary by card, but they often include expensive fees and interest while also disqualifying the purchase from earning rewards, such as cash. Gregory Karp writes for NerdWallet.
Account Recovery
FEBRUARY 25, 2021
A District Court judge in Texas has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it failed to mention that a partial payment may revive the statute of limitations on a time-barred debt because state law in Texas requires written acknowledgement in order … The post Judge Grants MTD Over Time-Barred Disclosure, Use of ‘We’ in Collection Letter appeared first on AccountsRecovery.net.
Nerd Wallet
FEBRUARY 25, 2021
The Capital One® Spark® Miles Select for Business is an excellent credit card for small-business owners looking for a $0-fee card that rewards frequent travelers. The card comes with several different perks, and you’ll want to take advantage of all of them to get the greatest value out of the card. Here’s how to maximize. Alex Cramer writes for NerdWallet.
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Better Credit Blog
FEBRUARY 25, 2021
Are you concerned about an entry from First Federal Credit Control? If the name above is on your credit report, you’ve probably received phone calls and letters from the agency as well. First Federal is most likely on your report as a collections entry because of an unpaid bill. Because collections accounts can lower your credit score, it’s important to act quickly to get them off your report.
PBWT
FEBRUARY 25, 2021
Does a debtor’s pre-petition change of the beneficiary of a life insurance policy constitute a “transfer” of an interest of the debtor in property? Not according to the U.S. Bankruptcy Court for the Eastern District of North Carolina, which held earlier this week that such transfers do not “diminish” the estate. [1] In Harrison , the debtor’s schedules listed his interest in a life insurance policy with a cash value of $814,917.
Nerd Wallet
FEBRUARY 25, 2021
Editor’s note: As of publication, NorthOne has paused new accounts to upgrade to its banking technology. Business owners who apply and are approved during this time will be placed on a waitlist for accounts to be opened on March 16. The NorthOne business bank account is a worthwhile option for any small-business owner looking for an online. Randa Kriss writes for NerdWallet.
Burr Forman
FEBRUARY 25, 2021
The Deposit Trust & Clearing Corp. (“DTCC”) released a February 24 roadmap for shortening the settlement cycle for US equities by half over the next two years. The proposal anticipates DTCC’s completion of its “Project ION” using distributed ledger technology (“DLT”) to integrate and speed clearing and settlement processes. Moving to a shorter settlement cycle would reduce industry costs, market risk and lower margin requirements.
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?
Nerd Wallet
FEBRUARY 25, 2021
Emotional support animals on planes are no longer a given — at least not for free. While passengers were once able to bring just about any type of animal on board for no extra fee, as long as they had a doctor’s note declaring it an emotional support animal, that’s no longer the case. As. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.
Fico Collections
FEBRUARY 25, 2021
Against a backdrop of uncertainty and financial instability, the importance of banks and the role they play at both a local and global economic level has never been higher. Retail consumers, small and medium enterprises, and commercial entities are looking to banks for increasing levels of support and assistance, especially as government-introduced stimulus programs start to mature and expire around the globe, leaving more vulnerable customers wondering where to turn.
Nerd Wallet
FEBRUARY 25, 2021
One of the key benefits of the Chase Freedom Flex? credit card is a rotating 5% earning category. Every quarter, cardholders will earn 5% cash back on up to $1,500 in combined purchases in select categories. That’s up to $300 cash back each year. The catch? Once you pass the $1,500 spending threshold, you’ll only earn. JT Genter writes for NerdWallet.
Burr Forman
FEBRUARY 25, 2021
The Deposit Trust & Clearing Corp. (“DTCC”) released a February 24 roadmap for shortening the settlement cycle for US equities by half over the next two years. The proposal anticipates DTCC’s completion of its “Project ION” using distributed ledger technology (“DLT”) to integrate and speed clearing and settlement processes. Moving to a shorter settlement cycle would reduce industry costs, market risk and lower margin requirements.
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CICM
FEBRUARY 25, 2021
Hints and Tips When Pursuing Insolvency Proceedings. With fears that insolvencies are set to rise this year once Government support is withdrawn and businesses must ‘stand on their own two feet’, it is important to understand what options are available to creditors to maximise their recovery of undisputed debts. The Debt Recovery team at UK-top 200 Yorkshire law firm Keebles LLP have outlined some key points for consideration.
Burr Forman
FEBRUARY 25, 2021
Callie Whatley authored an article published by Business Alabama on February 19, 2021 discussing what businesses need to know about the PPP loans available through March 31 under the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act). One feature of the Economic Aid Act is that businesses who previously secured PPP funds may apply for a second draw.
Jimerson Firm
FEBRUARY 25, 2021
Featured in the February 2021 Issue. Partner’s Perspective: A Suite of Information at Your Fingertips. Jimerson Birr Named Among Top 100 Fastest-Growing Businesses in the World Led by UF Alumni. Register Now for the Construction Industry Webinar: 15 Critical Construction Contract Provisions. Registration is Open for the Banking & Financial Services Industry Webinar: Properly Handling Mortgage Foreclosures.
Troutman Sanders
FEBRUARY 25, 2021
Last week, attorneys general from 17 states wrote a letter to Democrat and Republican leaders in both houses of Congress, expressing support for Senate Resolution 46 and House Resolution 100, which call upon President Biden to use executive authority under the Higher Education Act to cancel up to $50,000 in federal student loan debt for all student loan borrowers.
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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