Thu.Feb 03, 2022

article thumbnail

FCC Chair Seeks to Classify Ringless Voicemails as Calls Under TCPA, Requiring Consumer Consent

Account Recovery

The Chairwoman of the Federal Communications Commission yesterday announced the release of a Declaratory Ruling that classifies ringless voicemail messages to consumers’ cell phones as calls under the Telephone Consumer Protection Act, meaning that consumers would have to provide their consent prior to receiving such messages. The Ruling — which must be approved by the … The post FCC Chair Seeks to Classify Ringless Voicemails as Calls Under TCPA, Requiring Consumer Consent app

246
246
article thumbnail

Average Recovery Rate of a Collection Agency

Nexa Collect

An average collection agency will recover about 20% of the total debt assigned. Some clients may get a 100% recovery rate, for others it could very well be 0%. Here are the most important factors which decide how much a collection agency will collect for you: 1. Collection Agency itself: A collection agency that follows a friendly approach makes persistent contacts, follows legally complaint tactics , yet a firm approach will recover maximum money.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Appeals Court Affirms Ruling in One Case, Overturns Ruling in Another, Over BFE Defense

Account Recovery

The Court of Appeals for the Seventh Circuit affirmed one summary judgment ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act yesterday while overturning a separate summary judgment ruling, concluding that one defendant was entitled to the FDCPA’s bona fide error defense while the other should not … The post Appeals Court Affirms Ruling in One Case, Overturns Ruling in Another, Over BFE Defense appeared first on AccountsRecovery.net.

article thumbnail

7 Black Financial Influencers to Follow in 2022

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. One of the easiest ways to manage your money better this year is to hit the follow button on. Alana Benson writes for NerdWallet.

Education 144
article thumbnail

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.

article thumbnail

Getting to Know Karen Kelly-Braem of Springman Braden Wilson & Pontius

Account Recovery

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 Karen Kelly-Brae

More Trending

article thumbnail

Daily Digest – February 3. Getting to Know Karen Kelly-Braem; Appeals Court Affirms Ruling in One Case, Overturns Ruling in Another

Account Recovery

GETTING TO KNOW KAREN KELLY-BRAEM OF SPRINGMAN BRADEN WILSON & PONTIUS Is there anything more inspiring or heartening than seeing someone start at the bottom of the ladder and work her way to the top, overcoming adversity and making sacrifices to achieve something great? Karen Kelly-Braem has accomplished such a feat, rising from receptionist to … The post Daily Digest – February 3.

243
243
article thumbnail

Medicare to Offer Free At-Home COVID-19 Tests in Early Spring

Nerd Wallet

Medicare and Medicare Advantage members will soon be able to get eight over-the-counter at-home COVID-19 tests per month directly from eligible pharmacies, according to an announcement Thursday by the Centers for Medicare & Medicaid Services, or CMS. Private and group health insurance plans have been required to cover free over-the-counter COVID-19 tests since mid-January.

92
article thumbnail

Judge Grants MTD in Hunstein Copycat Case

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion to dismiss a Hunstein lawsuit, ruling the plaintiff lacked standing to sue because “[a] debt collector that outsources the mechanical tasks of preparing and mailing letters that the debt collector itself is authorized to send does not inflict any concrete injury on the debtor.” … The post Judge Grants MTD in Hunstein Copycat Case appeared first on AccountsRecovery.net.

article thumbnail

Construction industry fears rise for firms going bust

UK debt collections

The construction industry is the latest sector to brace itself for a spike in Insolvencies. The ever increasing cost of labour and materials is adding weight to rising numbers of insolvencies. In addition, building contractors being tied to fixed-price jobs and the end of covid support are all being blamed for the spike. The industry has been warned to expect more firms to go bust after the latest official figures showed the number of contractors going under has gone up by a quarter.

article thumbnail

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.

article thumbnail

What Do Rising Interest Rates Mean for Personal Loans?

Nerd Wallet

In an effort to slow down inflation, the Federal Reserve is expected to raise interest rates beginning in March. Hikes to the federal funds rate tend to make borrowing more expensive for consumers, but not all types of financing are affected the same. While it’s possible personal loans may see an uptick in average interest. Jackie Veling writes for NerdWallet.

article thumbnail

How to Lower Your Car Insurance in 2022

Credit Corp

At the start of every new year, people set goals. Many of the most common resolutions set during the new year are financial in nature. For instance, some people resolve to pay off their debt before the year ends. Others want to decrease their spending and save money. If you’re one of those people who want to save money, decreasing your car insurance premium is one way to get closer to your financial goals.

Banks 98
article thumbnail

Flying vs. Driving: Factors to Consider Besides Just Cost

Nerd Wallet

Is it better to drive or fly? Maybe you’re traveling solo and found a cheap airfare deal. But then you add up the costs of rideshares to and from the airport, plus checked bag fees, and it’s suddenly not so cheap. You consider driving, but ultra-high gas prices make you think again. The literal costs. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

80
article thumbnail

Corporate Resiliency Revisited: Things to Think About Now to Ensure Financial Health Ahead of an Economic Downturn

Burr Forman

As we all know, COVID-19 caused a shutdown of many aspects of the US and world economies. Due to, among other things, funding and other relief from the U.S. government, the economic downturn that many had initially projected has not yet materialized in the ways that were anticipated. Bankruptcy filings are down 29.1% for the 12-month period ending on September 30, 2021, accordingly to the Administrative Office of the U.S.

article thumbnail

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?

article thumbnail

How Your Parents’ Debt Could Outlive Them

Nerd Wallet

Many people believe one of two common myths when a parent dies in debt, says Chicago estate planning attorney Michael Whitty. The first myth is that an adult child will become liable for their parents’ debt. The second myth is that they can’t. Adult children typically don’t have to pay their parents’ bills, but there. Liz Weston writes for NerdWallet.

78
article thumbnail

Collections Economics 101 for Digital Lenders

True Accord

With digital lending via neobanks and fintechs on the rise, consumers have more options than ever for obtaining loans. There are a lot of considerations for these digital financial providers when building their business models, but one important and often-overlooked strategy is recovery for delinquent accounts. We sat down with TrueAccord’s Chief Growth Officer, Sheila Monroe , who has held numerous executive-level positions at TrueAccord on top of a multi-decade career in collections, to learn

Lender 52
article thumbnail

Just How Passive Is Passive Income?

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. The opportunity to make money while we sleep is one few of us would turn down. And passive income, Colin Beresford writes for NerdWallet.

article thumbnail

6 Best Identity Theft Protection Services

Better Credit Blog

Ads by Money. We may be compensated if you click this ad. Ad Best Overall Best Features Best Credit Monitoring Services Best All-Around Protection Best Restoration Services Best Child Protection Features Identity Guard LifeLock IdentityIQ IdentityForce IDShield ID Watchdog Our Partner Our Partner Our Partner Our Partner Our Partner View Plans View Plans View Plans View Plans View Plans View Plans Monthly Cost for Individual Plans (amount paid annually) $7.50-$25 $8.29–$24.99 $8.99-$21.99 $17.95–

article thumbnail

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.

article thumbnail

Toast’s Online Ordering Platforms: How They Work, Alternatives

Nerd Wallet

Toast has three online ordering platforms for restaurants: Online Ordering, where customers place takeout and delivery orders. Order & Pay, where customers scan a QR code while in your restaurant to see your menu, place their orders and pay. Toast TakeOut, a consumer app for takeout and delivery, similar to apps like Uber Eats, that. Kurt Woock writes for NerdWallet.

68
article thumbnail

Solidifying Security Systems Standards

Troutman Sanders

On January 20, President Biden signed a memorandum aimed at improving the cybersecurity of the National Security, Department of Defense, and Intelligence Community Systems (together, the “National Security Systems). A National Security System (NSS) is an information system used or operated by an agency or on its behalf, the function, operation, or use of which involves: (i) intelligence activities; (ii) cryptologic activities related to national security; (iii) command and control of military fo

article thumbnail

What Is a Credit Reference?

Nerd Wallet

A credit reference is a document, person or company that can provide information about whether you typically have paid your bills on time. You’re most likely to be asked for a credit reference when you are trying to rent a home, get utilities connected or borrow money. Also, some states allow potential employers to check. Bev O'Shea writes for NerdWallet.

65
article thumbnail

How to Travel to Austin With Points and Miles for a Bachelor/ette Party

Nerd Wallet

Austin, the capital of Texas, is a sprawling city — home to nearly a million people. Known as the live music capital of the world, there’s good reason for you and your friends to spend a weekend here. Whether you’re looking for an easy trip out of town or a spot to have a special. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

60
article thumbnail

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.