Wed.Jan 04, 2023

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22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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Cruises Might Be a Surprisingly Affordable Way to Visit the South Pacific

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Cruises Might Be a Surprisingly Affordable Way to Visit the South Pacific originally appeared on NerdWallet.

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Judge Grants MTD in FDCPA Case Over Lack of License

Account Recovery

In a case that was defended by Rick Perr and the team at Kaufman Dolowich & Voluck, a District Court judge in New Jersey has added attempting to collect on a debt without the proper license to the growing list of claims that do not automatically confer standing for a plaintiff to sue in federal … The post Judge Grants MTD in FDCPA Case Over Lack of License first appeared on AccountsRecovery.net.

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Mortgage Interest Rate Deduction: What Qualifies for 2022

Nerd Wallet

Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com. The article Mortgage Interest Rate Deduction: What Qualifies for 2022 originally appeared on 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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Daily Digest – January 4. Judge Grants MTD in FDCPA Case Over Lack of License; CFPB Report Analyzes Credit Reporting Complaints

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER LACK OF LICENSE In a case that was defended by Rick Perr and the team at Kaufman Dolowich & Voluck, a District Court judge in New Jersey has added attempting to collect on a debt without the proper license to the growing list of claims that do not … The post Daily Digest – January 4. Judge Grants MTD in FDCPA Case Over Lack of License; CFPB Report Analyzes Credit Reporting Complaints first appeared on AccountsRecovery.net.

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Mark Schanck Joins Healthcare Revenue Cycle Leader Wakefield & Associates as Chief Revenue Officer

Account Recovery

AURORA, Colo., January 3, 2023 — Wakefield & Associates, one of the largest healthcare revenue cycle solutions companies in the nation, announced today that industry veteran Mark Schanck has joined the organization as its Chief Revenue Officer to provide executive leadership and oversight of the company’s business development efforts. “As one of the leading revenue … The post Mark Schanck Joins Healthcare Revenue Cycle Leader Wakefield & Associates as Chief Revenue Offi

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How to Think About Hotel Elite Status in 2023

Nerd Wallet

In the first couple of years of the COVID-19 pandemic, many hotel loyalty programs made it easier to earn elite status, either by reducing elite status requirements or by extending elite status for those who previously held it. Fast forward to today, hotel occupancy is coming back to roughly pre-pandemic levels. That means competition among. Sally French writes for NerdWallet.

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CFPB Report Analyzes Credit Reporting Complaints

Account Recovery

The Consumer Financial Protection Bureau is looking at instituting new rules regulating credit reporting agencies, based on the volume of consumer complaints that it has received related to consumers’ credit reports. The Bureau yesterday released a report that analyzed the complaints filed by consumers against Equifax, Experian, and TransUnion, spotlighting the changes that the companies … The post CFPB Report Analyzes Credit Reporting Complaints first appeared on AccountsRecovery.ne

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Best Credit Cards of 2023: Why These Repeat Winners Are Still No. 1

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article Best Credit Cards of 2023: Why These Repeat Winners Are Still No. 1 originally appeared on 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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European Business late payment clampdown in 2023

UK debt collections

European regulators are looking to clamp down on late European business late payment payments in 2023. In the U.K, the government announced the launch of a review into progress made in combating late business payments at the end of 2022, while the European Commission (EC) has included the revision of the late payments directive in its work program for 2023.

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Ask a Nerd: Does Inflation Affect Credit Scores?

Nerd Wallet

Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn. The article Ask a Nerd: Does Inflation Affect Credit Scores? originally appeared on NerdWallet.

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Ninth Circuit Finds Reliance on CDIA Guidance Acceptable and Affirms Summary Judgment on FCRA Claim

Burr Forman

In Mitchell v. Specialized Loan Servicing LLC , 2022 WL 17883609 (9th Cir. Dec. 23, 2022), the Ninth Circuit affirmed the district court’s dismissal of FCRA and related state law claims based on a mortgage servicer’s alleged failure to report the account as current in the payment history profile on the consumer’s credit report. Plaintiff filed a putative class action asserting FCRA and state law claims based on the mortgage servicer’s allegedly inaccurate credit reporting

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Despite Rapid Adoption of Digital Channels, Customer Trust Lags

Fico Collections

Home. Blog. FICO. Despite Rapid Adoption of Digital Channels, Customer Trust Lags. FICO global survey finds customers want better fraud protection and more security from their digital banking channels. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top. Wed, 01/04/2023 - 14:05. Though adoption of digital banking and e-commerce has grown substantially in the past three years, it isn't the case that all consumers prefer to use digital means, namely web portals or mob

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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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NerdWallet’s Credit Card Best-Of Award Categories 2023: What’s Changed and Why

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article NerdWallet’s Credit Card Best-Of Award Categories 2023: What’s Changed and Why originally appeared on NerdWallet.

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Labor Market Remains Tight, But Not for Long

NACM

Despite the Fed's aggressive interest rate hikes and stubborn inflation, the labor market remains tight. The unemployment rate is sitting at a historical low of 3.7% and average hourly earnings rose 5% year-over-year, "well above a pace that would be consistent with the Federal Reserve's 2% inflation goal," reads an article from Bloomberg.

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Senators Launch Inquiry into Medical Credit Cards

Account Recovery

A group of Senate Democrats, including Sen. Elizabeth Warren [D-Mass.] and Sen. Sherrod Brown [D-Ohio], the chair of the Senate Banking Committee, have opened an investigation into medical credit cards and the “potential harm they may inflict on patients.” The Senators sent letters to Synchrony Financial — which offers CareCredit — and Wells Fargo, looking … The post Senators Launch Inquiry into Medical Credit Cards first appeared on AccountsRecovery.net.

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