Mon.Aug 08, 2022

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Trial to Start This Week Challenging Arizona Medical Debt Collection Initiative

Account Recovery

A trial is scheduled for this week in Arizona to challenge adding an item to the November ballot that would give residents of the state the opportunity to increase the amounts that consumers can shield from garnishments to pay medical debts while also lowering the judgment interest rate on medical debt. A Political Action Committee … The post Trial to Start This Week Challenging Arizona Medical Debt Collection Initiative appeared first on AccountsRecovery.net.

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What the Inflation Reduction Act Means for Green Energy Stocks

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. Despite its name, the Inflation Reduction Act is largely a climate spending bill. If passed, it would represent the.

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PRA Group Leader LaTisha Tarrant Named Chief Human Resources Officer

Account Recovery

NORFOLK, Va., Aug. 5, 2022 — PRA Group, Inc., a global financial services company, has named LaTisha Tarrant as Chief Human Resources Officer (CHRO), effective Aug. 15. Tarrant brings more than 20 years of public company experience to her new role and joins the company’s senior leadership team to head its global human resources operation.

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Where Are We Now? 2022 Data Science and AI Predictions Revisited

Fico Collections

Home. Blog. FICO. Where Are We Now? 2022 Data Science and AI Predictions Revisited. Within my AI predictions for the year, interpretable machine learning (ML) models have surprised me by garnering greater awareness from data science leaders. Saxon Shirley. Thu, 05/12/2022 - 07:46. by Scott Zoldi. expand_less Back To Top. Mon, 08/08/2022 - 15:30. One of my favorite things to think about is my annual data science and artificial intelligence (AI) predictions blog.

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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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Encore CEO Not Worried About Recession’s Impact on Collections

Account Recovery

There does not seem to be a lot of cause for concern about the economy heading into a recession and that leading to consumers becoming unable to make payments on their unpaid debts, according to the Chief Executive of Encore Capital Group, who shared his feelings last week during a conference call with analysts to … The post Encore CEO Not Worried About Recession’s Impact on Collections appeared first on AccountsRecovery.net.

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Judge Rules Plaintiff Who Claimed to Suffer Stress & Anxiety Over Collection Attempt Has Standing to Sue

Account Recovery

A District Court judge in Georgia has denied a defendant’s motion to dismiss on the grounds that the plaintiff lacks standing to sue, ruling that his claims of being “stressed, anxious, and worried” after receiving a letter attempting to collect a debt he did not believe he owed was enough for him to have suffered … The post Judge Rules Plaintiff Who Claimed to Suffer Stress & Anxiety Over Collection Attempt Has Standing to Sue appeared first on AccountsRecovery.net.

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How to Save on School Supplies by Tapping Your Community

Nerd Wallet

It’s that time again: back to school, back to spending so much money on supplies. And this year, families will have to shell out even more than usual because of inflation. Thankfully, you can still save money on supplies and other gear by leaning on local parents, neighbors and community members. Here’s how. Buy in. Laura McMullen writes for NerdWallet.

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Compliance Digest – August 8

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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The Guide to Chase Freedom Rental Car Insurance

Nerd Wallet

Car accidents can happen at any moment — even while you’re on vacation. When you’re renting a car, being involved in an accident can be even more stressful because you’re in a new location with a car that isn’t even yours. Thankfully, many credit cards offer some type of rental car insurance that can help. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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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 – August 8. Judge Rules Plaintiff has Standing After Suffering Stress & Anxiety; Encore Capital’s CEO Weighs in on Inflation and Recession

Account Recovery

JUDGE RULES PLAINTIFF WHO CLAIMED TO SUFFER STRESS & ANXIETY OVER COLLECTION ATTEMPT HAS STANDING TO SUE A District Court judge in Georgia has denied a defendant’s motion to dismiss on the grounds that the plaintiff lacks standing to sue, ruling that his claims of being “stressed, anxious, and worried” after receiving a letter attempting … The post Daily Digest – August 8.

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Delta Comfort Plus vs. Premium Select: Which Is Best?

Nerd Wallet

Choosing where to sit on a flight used to be fairly straightforward: You chose either first class or economy. These days, airlines have created so many classes of service it can be hard to tell what each one offers. From the posh Delta One seats to Comfort Plus, basic economy and more, Delta has a. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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Writing in the Margins: Just How Much Does Your Overhead Cut Into Your Revenue?

NCBA Law Practice Management Blog

Law firms often focus on gross revenue, when calculating how much they make. But, there are expenses that go into running every business, including a law firm. And, gross profits aren’t what you really make. What you really make i s your gross profit minus the cost of expenses for running your business. And, this can be expressed in a number of ways.

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Round-Trip vs. One-Way Award Flights: Why It’s Worth Considering

Nerd Wallet

If you’ve ever priced one-way international flights, you probably found that two one-way flights are more expensive than a round-trip flight. However, this isn’t always the case — especially when booking flights using points and miles. On many trips, loyalty programs charge one-way award flights at half of the round-trip award price. But there are. JT Genter 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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Texas District Court Joins the Third, Sixth, and Eleventh Circuit Courts of Appeal, Permitting a Private Right of Action for Violation of Section 64.1200(d)

TCPA

The Northern District of Texas, in Powers v. One Technologies, LLC, joined its sister courts and the Third, Sixth, and Eleventh Circuit Courts of Appeal to hold that 47 C.F.R. § 64.

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4 Bank App Features You Might Be Missing Out On

Nerd Wallet

If you use your bank’s mobile app, you likely have access to an array of features, some of which you may not know about. These features could make saving, earning cash back, budgeting, increasing your financial security and checking your credit score easier depending on what services your bank offers. Here are some features to. Chanelle Bessette writes for NerdWallet.

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2023 FICO Decisions Awards Now Open

Fico Collections

Home. Blog. FICO. 2023 FICO Decisions Awards Now Open. Call for analytics and digital transformation champions! Saxon Shirley. Thu, 08/04/2022 - 10:01. by Nikhil Behl. expand_less Back To Top. Mon, 08/08/2022 - 15:10. I am excited to announce that our 2023 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. .

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California Privacy Protection Agency Unanimously Opposes the American Data Privacy and Protection Act

Collection Industry News

Cynthia Larose, August 4, 2022. The new California privacy regulatory body, the California Privacy Protection Agency (CPPA), has loudly voiced its opposition to the proposed federal American Data Privacy and Protection Act (ADPPA). The bottom line for the unanimous opposition: the ADPPA would preempt California’s privacy laws – both the California Consumer Privacy Act and the California Privacy Rights Act effective as of 1/1/23 – and establishes a ceiling on privacy regulation by states.

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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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CFPB Director Chopra Discusses Inflation and Cryptocurrency

Collection Industry News

Moorari Shah, A.J. S. Dhaliwal, Gabriel Khoury. August 8, 2022. On July 27, CFPB Director Chopra was interviewed in multiple publications, here and here, about, among other topics, how the CFPB could seek to help mortgage borrowers strained by the Federal Reserve’s battle against inflation and how the agency is looking at cryptocurrency. Below are some of the more important updates from the interviews.

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California Private Student Loan Collections

Collection Industry News

Chris Micheli, August 5, 2022. California has a number of formal acts in statute. Civil Code Division 3, Part 4, Title 1.6C.15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Title 1.6C.15 was added in 2021 by Chapter 559. Section 1788.20 names the Act. Section 1788.201 provides definitions for the following terms: “borrower”; “student loan borrower”; “consumer report”; “consumer reporting agency”; “cosigner”; “creditor”; “debtor” “e

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53% of Consumers Say They Are Financially Worse Off Than Last Year

Collection Industry News

PYMNTS, August 5, 2022. Inflation runs rampant, at levels not seen in decades. Earnings reports continue to roll in, complete with cautious management commentary: Though consumers are still spending, taking reserves against anticipated loan losses seems the prudent thing to do. And through it all, the Fed continues to raise rates, which means that the carrying costs of debt is more expensive.

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US employers add 528,000 jobs; unemployment falls to 3.5% despite fears of a recession

Collection Industry News

PAUL WISEMAN, AP Economics Writer, Aug 5, 2022. WASHINGTON (AP) — America’s employers added a stunning 528,000 jobs last month despite raging inflation and anxiety about a possible recession, restoring all of the positions lost in the coronavirus recession. Unemployment fell to 3.5%, the lowest level since the pandemic struck in early 2020. There were 130,000 more jobs created in July than there were in June, and the most since February.

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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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Student Loan Forgiveness: New Blockbuster Plan To Cancel Student Loans

Collection Industry News

Zack Friedman, Aug 5, 2022. Republicans have proposed a blockbuster new plan for student loan forgiveness. Here’s what you need to know — and what it means for your student loans. Student Loans President Joe Biden is days away from announcing his decision on broad student loan forgiveness. Before that happens, however, Republicans in Congress have introduced major legislation to change the future of student loans and student loan forgiveness.