Tue.Apr 20, 2021

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UVA Health to Wipe Out Tens of Thousands of Liens, Judgments

Account Recovery

UVA Health said yesterday that it is canceling many of its outstanding liens and judgments resulting from collection lawsuits dating back to the 1990s. The move is expected to impact tens of thousands of families. UVA was one of several hospitals and healthcare networks across the country that have been spotlighted in recent years for … The post UVA Health to Wipe Out Tens of Thousands of Liens, Judgments appeared first on AccountsRecovery.net.

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Consider the Value of Daily Tasks When Buying Life Insurance

Nerd Wallet

You may not be getting paid to run the kids to school, do the laundry or fix the kitchen sink, but the day-to-day support you provide for your family can feel like a full-time job. And hiring someone to handle these tasks in the event of your death can be expensive, which is why life. Georgia Rose writes for NerdWallet. Email: grose@nerdwallet.com. The article Consider the Value of Daily Tasks When Buying Life Insurance originally appeared on NerdWallet.

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CFPB Rule Requires Collectors to Provide Statement of Rights When Evicting Tenants

Account Recovery

Debt collectors that evict tenants will have to provide written notice to those individuals, alerting them to their rights under the Centers for Disease Control’s moratorium on evictions and will face prosecution by state attorneys general for violations of the Fair Debt Collection Practices Act or private lawsuits by the tenants for not doing so … The post CFPB Rule Requires Collectors to Provide Statement of Rights When Evicting Tenants appeared first on AccountsRecovery.net.

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5 Sweet Spots of Qatar’s Newly Revalued Qmiles

Nerd Wallet

For the past few years, it’s been easy to write off the Qatar Privilege Club program. Between high award costs and out-of-pocket fees, there was little value to be found — especially for travelers based in the U.S. Then, an unexpected thing happened. In November 2020, Qatar Airways lowered award redemption rates by up to. JT Genter writes for NerdWallet.

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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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House Committee to Mark Up Collection Bills Today

Account Recovery

The House Financial Services Committee will be marking up a series of bills today, including one that was introduced last week by Rep. Maxine Waters [D-Calif.], the chairwoman of the Committee, that includes eight different bills aimed at debt collectors. The committee will be marking up H.R. 2547, The Comprehensive Debt Collection Improvement Act. Among … The post House Committee to Mark Up Collection Bills Today appeared first on AccountsRecovery.net.

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Washington Legislature Increases Fines For Consumer Protection Act Violations

Account Recovery

The Washington state legislature has passed a bill at the request of the state Attorney General that increases the penalty for violation of the state’s Consumer Protection Act nearly fourfold, to $7,500 — the first time the penalty has been increased since the law was adopted more than five decades ago. SB 5025 now heads … The post Washington Legislature Increases Fines For Consumer Protection Act Violations appeared first on AccountsRecovery.net.

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Understanding Indiana Foreclosure Laws

Sawin & Shea

When an Indiana homeowner is unable to make their mortgage payments, the lender eventually starts a foreclosure. The foreclosure process, if left to proceed, ultimately results in the house being sold off to settle all or part of the debt. This is a nightmare for a family that’s already struggling to make ends meet. Your unpaid bills are piling up and now your home is gone too.

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Bedard Walks Through Regulation F’s Other Prohibited Practices

Account Recovery

One of the first things that most collectors and debt buyers do after receiving a new account or portfolio of accounts is make sure that none of the individuals have filed for bankruptcy protection. Section 1006.30 of Regulation F, more commonly known as the Consumer Financial Protection Bureau’s Debt Collection Rule is essentially the reason … The post Bedard Walks Through Regulation F’s Other Prohibited Practices appeared first on AccountsRecovery.net.

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10 New Choice Hotels for Your Return to Travel

Nerd Wallet

Choice Hotels has a wide range of options within its portfolio including many new Cambria and Ascend Hotel Collection properties that are steering the brand in a new, more upscale direction. Choice Privileges, the brand’s loyalty program, follows a dynamic pricing model with redemption rates varying by night; points rates start at 8,000 points. Whether.

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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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Daily Digest – April 20. Bedard Walks Through Regulation F’s Other Prohibited Practices; CFPB Rule Requires Collectors to Provide Statement of Rights When Evicting Tenants

Account Recovery

BEDARD WALKS THROUGH REGULATION F’S OTHER PROHIBITED PRACTICES One of the first things that most collectors and debt buyers do after receiving a new account or portfolio of accounts is make sure that none of the individuals have filed for bankruptcy protection. Section 1006.30 of Regulation F, more commonly known as the Consumer Financial Protection … The post Daily Digest – April 20.

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17 3D Printing Business Ideas for 2021

Nerd Wallet

One of the coolest and latest technologies to find popularity in the last few years is the 3D printer. While starting a business in the 3D printing industry would be an interesting endeavor for any entrepreneur, there’s also another pro to consider. Even though the technology for 3D printing has been around for a while, Christine Aebischer writes for NerdWallet.

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Council creates new Debt Collection service

UK debt collections

A new debt collection service has been launched by Barking & Dagenham Council. The Debt Collection service has been launched to reduce the need for enforcement action. The new debt collection agency will be known as ‘Beacontree collections’ and will cater for council owed debts only. It started its new life on April 12th and it is hoped it will help drive up engagement and be more compassionate.

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How to Start a Winery: 5 Steps to Starting a Wine Business

Nerd Wallet

To take on the challenge of how to start a winery, you need to be determined, fearless, and passionate about your craft—although owning a vineyard seems romantic, starting a business in any industry is work, and the wine business is a tough one. Just take a look at the success story behind Russell Bevan of. Caroline Goldstein writes for NerdWallet. Email: wpguestuser+cgoldstein@nerdwallet.com.

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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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Business Insolvency statistics defying gravity

UK debt collections

Business insolvency statistics continue to defy gravity in the UK. Whilst this maybe viewed as positive news, the IVA increase shows that personal finances are beginning to take a hit. Insolvency statistics recently released by the Government’s Insolvency Service show a 20% drop in corporate insolvencies compared to March last year, and a 37% drop compared to March 2019.

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7 Beauty Business Ideas for 2021

Nerd Wallet

If you have a passion for helping people look their best and you want to start a business of your own, the beauty industry may be the place for you. Cosmetics businesses alone represent a multi-billion-dollar industry, with numbers continuing to increase. This is incredibly promising for beauty-focused entrepreneurs—and what constitutes a beauty business idea can extend far.

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Modernize the Patient Financial Journey: Where, Why and How

PDC Flow

If you receive a bill months after a service, how likely are you to remember what it’s for? What if you try to pay but mailing a check or calling an office during your work hours are the only options? As consumers, none of us would be happy if we were put in these positions. So why do we expect healthcare patients to deal with these issues? Privacy roadblocks and the inability for systems to work together have created an inadequate patient financial journey.

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Shopify vs. Etsy: Which Should You Use?

Nerd Wallet

If you’re a small-business owner hoping to sell online, one of your most important decisions is choosing the right digital home for your products. While there are many factors to consider, between Shopify and Etsy, Etsy may be a better choice for new businesses or those that sell very few items and don’t need to. Caroline Goldstein writes for NerdWallet.

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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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Investing in Colombia: Infrastructure Trends and 5G Concessions

Burr Forman

In this episode of the Burr & Forman podcast, partner Ty Roofner is joined by José Alejandro Torres, Infrastructure & PPP Partner with Posse Herrera Ruiz, to discuss infrastructure trends, 5G concessions and the challenges Colombia will have in a post-pandemic world. You can register for the webinar here. This episode is hosted by Ty Roofner, a partner in Burr & Forman’s Corporate Practice Group and a member of the firm’s executive committee, located in the firm’s Orla

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How to Start a Hardware Store in 5 Steps

Nerd Wallet

Starting a hardware store—a brick-and-mortar shop that sells, essentially, brick and mortar (and everything else you need to build a house, fix a leaky faucet, or paint the garage)—might seem daunting in this day and age. Smaller hardware stores, like small businesses in every industry, face cutthroat competition, not just from other local businesses but.

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Six Ways to Enjoy Reopening Without Taking on Debt

Direct Recovery

After more than a year of limited social interaction and cautious travel arrangements, just about everyone across the globe is ready to get out and enjoy life throughout the summer of 2021! There are going to be hundreds of different ways to enjoy the reopening of our local, national, and global economies this summer, but savvy consumers are going to be looking for ways to get out and enjoy themselves without driving themselves deep into debt.

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Are Mattress Runs Still Worth It?

Nerd Wallet

Mattress runs, the process of booking a cheap stay at a hotel in order to earn elite status, have long been a staple of the savvy traveler looking to earn elite status. Travelers who value the perks of such status can take advantage of benefits like room upgrades, free breakfast, early check-in and late check-out and complimentary. Carissa Rawson 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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New Illinois Predatory Loan Prevention Act Leaves Lenders and Borrowers with Uncertain Future

Troutman Sanders

Illinois Governor J.B. Pritzker signed the Illinois Predatory Loan Prevention Act (Act) into immediate effect on March 23. The Act imposes sweeping changes and contains broad language, leaving the state’s lenders and borrowers with an uncertain future. To understand this new law, one must recognize that Illinois based the Act on the federal government’s Military Lending Act (MLA), which instituted an annual percentage cap for loans to service members by stating that “lenders could no

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Why is Your Revenue Cycle More Important Post-Pandemic?

Credit Management Company

No crystal ball has enough power to make predictions for 2021 since the pandemic is still surging in parts of the world. As we slowly return to some sense of normalcy, however, you might be wondering about the outlook for your organization’s revenue this year. Will this year be better than the last? Here we’ll review a report showing the financial implications COVID-19 might have for health organizations in 2021.

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Reimagining Savings: Reporting from the Savings Virtual Roundtables

Prosperity Now

Gathering a Roundtable As part of our continued savings work with Prudential Financial , we hosted two sets of virtual

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What Is A Dormant Company And Should You Make Your Company Dormant?

Hudson Weir

Whether you’re a contractor running your own operation, or an owner of a bigger business, there are many reasons why you might take a step back from the duties that directorship of a limited company entails. However, shutting down a business in its entirety may seem a drastic step, so a preferable option may be to make your company dormant instead. In this article we look at what a dormant company is and discuss whether you should make your company dormant.

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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.