Mon.Feb 07, 2022

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Pa. Judge Denies Stay Request in Hunstein Case

Account Recovery

A District Court judge in Pennsylvania has denied a defendant’s motion to stay a Hunstein case pending the outcome of the en banc rehearing scheduled later this month before the Eleventh Circuit Court of Appeals, ruling that regardless of how the Eleventh Circuit rules, it will not have “binding precedence” with respect to the claims … The post Pa.

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Contactless Payments: How They Work, How Your Business Can Accept Them

Nerd Wallet

Contactless payments — which are tap-and-go transactions made with mobile wallets and contactless cards — have recently shot up in popularity. More than half of Americans reported using some form of contactless payment, according to a 2020 Mastercard poll. In 2016, only about 3% of credit cards were equipped with contactless technology, according to a.

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Jackman, Six Others Depart Ballard Spahr for Troutman Pepper

Account Recovery

Stefanie Jackman and a team of lawyers have left Ballard Spahr and are joining the law firm of Troutman Pepper, starting Monday, February 7. Joining Jackman in leaving Ballard Spahr for Troutman Pepper are Chris Willis, Mark Furletti, Jeremy Rosenblum, James Kim, Jason Cover, and Tony Kaye. “Our team is thrilled to join the Troutman … The post Jackman, Six Others Depart Ballard Spahr for Troutman Pepper appeared first on AccountsRecovery.net.

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What Is Medigap Plan B? What You Need to Know

Nerd Wallet

Medigap Plan B is a Medicare Supplement Insurance plan that helps cover some out-of-pocket expenses that remain after Medicare Part A and Part B pay for services. Medigap Plan B adds one additional benefit on top of the basic benefits provided by all Medigap plans: coverage for the Medicare Part A deductible. How it works. Alex Rosenberg 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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World Cancer Day Donation Helps St. Jude Celebrate 60th Anniversary and Close the Care Gap?

Account Recovery

NORFOLK, Va., Feb. 4, 2022 — In the spring of 2019, PRA Group Bankruptcy Counsel Tiffanie Fittes and her family were preparing for their eldest daughter Mackenzie’s high school graduation when they noticed a bulge near her right shoulder blade. After many tests, Mackenzie was diagnosed with a very large, very rare tumor. The family was devastated.

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Setting the Scene As RMAI’s Annual Conference Kicks Off

Account Recovery

Is it just me, or does it always seem like the accounts receivable management industry is always at an inflection point? Whether things are going well, but there are problems on the horizon, or vice versa, it seems as though the one constant in this industry is change. If the one constant is change, then … The post Setting the Scene As RMAI’s Annual Conference Kicks Off appeared first on AccountsRecovery.net.

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Behind the Scenes: How Does Life Insurance Underwriting Work?

Nerd Wallet

Life insurance underwriters have a pretty morbid job: figuring out how likely you are to die at any given age. For you, this means you’ll be asked questions about your age, health and lifestyle when you apply for life insurance. You might also need to carry out other tasks, like taking a medical exam. Here’s. Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com.

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Daily Digest – February 7. Pa. Judge Denies Stay in Hunstein Case; Setting the Scene as RMAI’s Conference Kicks Off

Account Recovery

PA. JUDGE DENIES STAY IN HUNSTEIN CASE A District Court judge in Pennsylvania has denied a defendant’s motion to stay a Hunstein case pending the outcome of the en banc rehearing scheduled later this month before the Eleventh Circuit Court of Appeals, ruling that regardless of how the Eleventh Circuit rules, it will not have … The post Daily Digest – February 7.

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5 Tips for Planning a Bachelor/ette Trip on a Budget

Nerd Wallet

Bachelor and bachelorette trips can certainly be memorable. But they should be memorable as a celebratory reunion with your grown-up, lifelong friends — not because a fight broke out at the dinner table over splitting the bill. Fortunately, you can have the most epic bachelor/ette party ever — even if some (or all) attendees are. Sally French writes for NerdWallet.

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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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Compliance Digest – February 7

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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What Is Personal Property Coverage? A Complete Guide

Nerd Wallet

Consider how much it would cost to replace all your belongings — every article of clothing, every piece of furniture, every dish and cup and spoon. If that’s a scary total, you’ll understand how important it is to have personal property insurance. What is personal property insurance? Personal property insurance is the part of a. Sarah Schlichter writes for NerdWallet.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Guide to Capital One Travel Portal

Nerd Wallet

If you’ve recently added a Capital One travel credit card such as the Capital One VentureOne Rewards Credit Card, Capital One Venture Rewards Credit Card, or new Capital One Venture X Rewards Credit Card to your wallet, you’re probably curious about how to best redeem all those miles you’re planning to earn. One popular way. Alisha McDarris writes for NerdWallet.

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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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Sila Offers Customers Digital Debt Collection Services through New TrueAccord Partnership

True Accord

PORTLAND, Ore., (February 7, 2022) – Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it partnered with TrueAccord, the leading debt collection company offering intelligent, digital-first collection and recovery solutions, to make it easier for Sila’s customers to use TrueAccord’s products and services.

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What Is Medigap Plan L? What You Need to Know

Nerd Wallet

Medigap Plan L is a Medicare Supplement Insurance plan that helps pay for some out-of-pocket expenses related to Medicare Part A and Part B coverage. Unlike most Medigap plans, Plan L pays for only part of the cost of covered services. As a result, you’ll still have to pay some out-of-pocket costs, but the plan’s. Alex Rosenberg writes for NerdWallet.

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How To Improve Your Online Presence By Running Ads To Your Phone Number

Arbeit Software

The search results of a phone number can be a scary place, especially in the debt collection industry. Links to 800notes, consumer attorneys looking to pounce, bad reviews - these can all get in the way of an otherwise pleasant conversation. Learn how running ads to your phone number can lead to more conversations. The post How To Improve Your Online Presence By Running Ads To Your Phone Number appeared first on Arbeit -.

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Smart Money Podcast: Stock Market Shakiness, and Car Buying in 2022

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about how to manage stock market anxiety. Then we pivot to this week’s money question from a listener’s email: “Our car was totaled in an accident recently. And while we were thankfully all safe, we. Liz Weston 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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Could Hyper Inflation Impact Your Collections in 2022?

Direct Recovery

After more than a decade of government money printing, inflation has finally started to rear its ugly head in the budgets of consumers around the country. It feels like just about everything has doubled in price over the past few months, and that is having a tremendous impact on the spending power of families everywhere. In addition to impacting American families, inflation and the potential for hyperinflation also impact debt collection efforts across the board.

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CFPB Announces 2022 Increases To Maximum Amount Of Civil Penalties

Collection Industry News

Source- site. The Consumer Financial Protection Bureau increased the maximum civil penalty it can impose within its jurisdiction after Jan. 15, 2022. The increases are mandated by federal law, which requires agencies to adjust for inflation each civil monetary penalty within an agency’s jurisdiction by Jan. 15, 2022. The adjustments are based on the percentage by which the Consumer Price Index for all-urban consumers for October 2021 exceeded the CPI for October 2020.

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How Credit Limit Increase Optimization Drives Portfolio Profit

Fico Collections

Credit limit management is regarded as a key driver to profitable portfolios. But despite this, many issuers fail to apply advanced prescriptive analytics to a crucially important process, or if they have, it may often be without a framework or infrastructure to maximise the effectiveness of the insights it can bring. Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals.

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Navient settles predatory student loan claims for $1.85B

Collection Industry News

Source- site. The company agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties. BOSTON — Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.

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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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US Calls for China to Meet Trade Deal Commitment

NACM

U.S. officials are calling for China to meet its commitment to purchase $200 billion in additional U.S goods and services during 2020 and 2021, according to multiple news reports. The agreement was set in place under "Phase 1" of the trade deal signed by former President Donald Trump.The U.S. government will release its full-year trade data tomorro.

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Medical debt elimination coalition working on additional measures

Collection Industry News

Source- site. Late last month, a broad coalition of Arkansas nonprofits and donors coordinated the elimination of $35 million in medical debt for over 23,000 Arkansans. Leaders from two of the organizing groups say there is still much work to be done in this area and they hope to advance public policies addressing systemic challenges to lower-income citizens who encounter medical emergencies.

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New laws will see cap on Parking Debt Collectors Fees

UK debt collections

The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge. It is said that Millions of motorists are set to benefit from a major government crackdown on rogue parking firms. This will see parking fines slashed and a clearer appeals system created. A package of new measures announced today aims to protect drivers from unfair and extortionate charges.

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What Is A “Junk Fee?” CFPB’s Inquiry Sparks Industry Backlash

Collection Industry News

Source- site. The Consumer Financial Protection Bureau’s Director Rohit Chopra raised hackles by launching a broad inquiry last week into so-called “junk fees” charged on run-of-the-mill financial products such as loans, mortgages and credit cards. “Service charges inflate ticket prices, resort fees hike our costs to stay in hotels, and our phone bills are often laden with mystery charges,” Copra said in a Jan. 26 press call.

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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.