Wed.Oct 06, 2021

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USPS Rolling Out New Financial Services; Bill Payment Option on the Menu

Account Recovery

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The post USPS Rolling Out New Financial Services; Bill Payment Option on the Menu appeared first on AccountsRecovery.net.

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The Best Airlines for Traveling With Your Pet

Nerd Wallet

If you’re traveling with a pet for the first time (or maybe just the first time in a year), a lot has changed. Some airlines that used to happily ship your pet in cargo will transport them no more. Your emotional support animal likely can no longer fly for free. COVID-19 upended many facets of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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MDPA Judge Rules for Defendant in FDCPA Case

Account Recovery

You’re damned if you do, and you’re damned if you don’t. Debt collectors are often accused of not providing enough documentation when filing lawsuits against consumers for unpaid debts, but can even be accused of violating the Fair Debt Collection Practices Act when they do provide all the documentation that is required. In a case … The post MDPA Judge Rules for Defendant in FDCPA Case appeared first on AccountsRecovery.net.

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FAR Council Issues Ensuring Adequate COVID-19 Safety Protocols for Federal Contractors Clause

Burr Forman

On September 27, 2021 Burr & Forman published COVID-19 Vaccine Guidance for Federal Contractors , noting that the Federal Acquisition Regulatory Council was to develop a mandatory Federal Acquisition Regulation (“FAR”) clause for new contracts and solicitations over the Simplified Acquisition Threshold (currently $250,000.00). The FAR Council has published the new clause (“COVID Clause”), and has asked contracting agencies to develop deviations allowing use of the new COVID Clause.

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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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Huntington Debt Holding Successfully Completes SOC 2 Type 2 Audit

Account Recovery

Huntington Debt Holding has successfully completed the Service Organization Control 2 (SOC2) Type 2 Reporting audit. Created by the American Institute of CPAs (AICPA), SOC 2 is a comprehensive reporting framework aimed to assure customers and business partners that our security guidelines are in place and that we follow through on our commitment to data … The post Huntington Debt Holding Successfully Completes SOC 2 Type 2 Audit appeared first on AccountsRecovery.net.

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Barron & Newburger, P.C. Establishes National Attorney Risk Management Practice Group with Significant Hires

Account Recovery

AUSTIN, TEXAS, UNITED STATES, October 6, 2021 /EINPresswire.com/ — Barron & Newburger, P.C. has established an Attorneys Risk Management Practice Group that serves the needs of law firms and attorneys in need of ethical guidance in today’s regulatory environment. The Group will focus on counseling, training, ethical guidance and providing professional representation.

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Jocelyn Nager Named Super Lawyer for Sixth Consecutive Year

FFGN COLLECT NY

Ms. Jocelyn Nager, managing partner of the New York debt collection law firm Frank, Frank, Goldstein & Nager P.C., has been named a “Super Lawyer” for the sixth consecutive year. Super Lawyers rates outstanding lawyers from more than 70 practice areas, recognizing no more than 5 percent of attorneys in each state. Lawyers featured have attained a high degree of peer recognition and professional achievement and are evaluated through rigorous independent research, peer nominations, and peer ev

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Appeals Court Upholds Ruling For Medical Provider in FDCPA False-Name Case

Account Recovery

The Court of Appeals for the Second Circuit has upheld a summary judgment ruling in favor of a medical provider that was sued for violating the Fair Debt Collection Practices Act because it allegedly attempted to collect a debt using a name other than its own, even though the letter includes seven separate references to … The post Appeals Court Upholds Ruling For Medical Provider in FDCPA False-Name Case appeared first on AccountsRecovery.net.

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The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

At the start of 2020, Americans and individuals all over the world were affected by the pandemic. While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options.

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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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Second Bill Introduced to Compensate Whistleblowers Reporting Financial Issues to CFPB

Account Recovery

A bill has been introduced in the House of Representatives — a companion bill to one already introduced in the Senate — that would compensate whistleblowers who report instances of financial wrongdoing to the Consumer Financial Protection Bureau. The House bill — H.R.5484 — was introduced by Rep. Al Green [D-Texas], and is modeled after … The post Second Bill Introduced to Compensate Whistleblowers Reporting Financial Issues to CFPB appeared first on AccountsRecover

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How to Find a Mortgage Broker

Nerd Wallet

When financing a home purchase, a mortgage broker is like a matchmaker in a relationship: They can match you with a lender to help you find the best mortgage for your needs, secure a competitive interest rate, and save you time and money. But just like the way a good matchmaker can make a big. Linda Bell writes for NerdWallet. Email: lbell@nerdwallet.com.

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Daily Digest – October 6. Appeals Court Upholds Ruling for Medical Provider in FDCPA False Name Case; USPS Rolling out New Financial Services

Account Recovery

APPEALS COURT UPHOLDS RULING FOR MEDICAL PROVIDER IN FDCPA FALSE NAME CASE The Court of Appeals for the Second Circuit has upheld a summary judgment ruling in favor of a medical provider that was sued for violating the Fair Debt Collection Practices Act because it allegedly attempted to collect a debt using a name other … The post Daily Digest – October 6.

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How you can travel without a credit card

Nerd Wallet

Do you need a credit card to travel? Not exactly. Though it’s true that built-in card benefits, like purchase protection and the ability to dispute a charge, make using a credit card often the easiest and safest way to pay for travel, not everyone wants to get a credit card — or is able to get. Elina Geller writes for NerdWallet. Email: egeller@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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Monthly Accounts Receivables Roundup for September 2021

Katabat

Never Mind the Nation’s Credit Rating? I think everyone in our industry winced when S&P downgraded the U.S. credit rating from AAA to AA+ ten years ago. As members of the House and Senate continue to play brinksmanship about the debt ceiling and the potential for another government shutdown before year’s end, it is painful to think of the potential for our credit rating taking another hit.

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Can You Decline an Approved Car Loan?

Nerd Wallet

Can you decline an approved car loan? Absolutely. If you’ve gone through the necessary steps to apply for an auto loan and been approved, you’re not obligated to accept the offer. Auto experts advise borrowers to seek preapproval with multiple lenders to find the best offer, then use that as a backup at the dealership. Dawnielle Robinson-Walker writes for NerdWallet.

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The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

At the start of 2020, Americans and individuals all over the world were affected by the pandemic. While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options.

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How to Optimize Chase Freedom, Discover it Cash Back for Q4 2021

Nerd Wallet

It’s never too early to get started on your holiday shopping. And this quarter, the $0-annual-fee Chase Freedom Flex? and the older Chase Freedom® feature bonus categories that can make it cheaper to fill up your cart — at home and in person. The same is true for eligible Discover cards like the popular $0-annual-fee Discover it® Cash Back. Nerdy Tip: The Chase Freedom.

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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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3 Tips to Successful Debt Negotiation

Payment Savvy

Collection agencies often find themselves in a tough position when attempting to collect on a delinquent account. If they have no prior relationship with the debtor, it can be nearly impossible to get payment from the debtor. However, there are some things that collection agencies can do to promote repayment quickly. Here are 3 tips to assist in successful debt negotiation.

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Authorize.net vs. PayPal: Which Is Right for Your Business?

Nerd Wallet

Authorize.net and PayPal are payment service providers, or PSPs, that help small businesses take payments in person and online. PayPal may be better for small businesses with an international customer base, but small businesses may prefer Authorize.net on price. Here’s how the two companies compare. What to look for in a PSP Payment service providers.

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The Big Picture: Four Ways to Up Your Video Conference Game

NCBA Law Practice Management Blog

As much as you might dread the next Zoom meeting. And, the one after that. And, the next one. And, the one after that one. Video conferencing is here to stay. But, being at home, it’s easy to get blasé about how you treat those video conferences. It’s no sweat to keep the sweatpants on, to half-comb your hair, to sneak an Oreo. Of course, you’d never do that at an in-person event.

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Monthly Accounts Receivables Roundup for September 2021

Katabat

Never Mind the Nation’s Credit Rating? I think everyone in our industry winced when S&P downgraded the U.S. credit rating from AAA to AA+ ten years ago. As members of the House and Senate continue to play brinksmanship about the debt ceiling and the potential for another government shutdown before year’s end, it is painful to think of the potential for our credit rating taking another hit.

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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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2022 FICO Decisions Awards Now Open

Fico Collections

I am excited to announce that our 2022 FICO Decisions Awards are now open! We are calling on our customers who are achieving outstanding success using analytics and decision management solutions from FICO to submit nominations for the awards. . Nominations are due December 3, 2021 , and winners will be announced on January 28, 2022. For more information and to enter a nomination, visit www.fico.com/decisionsawards.

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Global Trade Rebound Is Strong but Unequal, WTO Say

NACM

The World Trade Organization (WTO) updated its economic forecast for 2021-22 with a more positive outlook for global trade. The WTO now predicts trade will grow 10.8% this year, up from the 8% forecasted in March.However, while overall recovery is strong, many developing regions remain far behind partly due to the lack of vaccine access. "The.

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How Credit Scores Affect Mortgage Rates

Better Credit Blog

Your credit score is one of the most important factors in how much you‘ll pay for a mortgage, or even on whether you qualify for a mortgage at all. The reason your credit score, or your FICO score as it’s known in the financial industry, is so important is that mortgage lenders will use it to determine how much of a risk it is to lend to you, based on your history of paying your bills on time and other factors.

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