Thu.Sep 02, 2021

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California Legislature Passes Debt Collection Assignment Notification Bill

Account Recovery

The California legislature has approved SB 531, a measure that will require collectors to have proof they have authority to collect a debt prior to doing so, and gives consumers the right to request that proof and other basic information about the debt. The bill now heads to the desk of California Gov. Gavin Newsom … The post California Legislature Passes Debt Collection Assignment Notification Bill appeared first on AccountsRecovery.net.

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How Video Games Can Level Up Kids’ Money Skills

Nerd Wallet

Every few days, my 8-year-old son, Neal, asks if he can “earn something” on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment. While I usually decline these requests, his persistence made me wonder. Kimberly Palmer writes for NerdWallet.

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Getting to Know Michael Zomcik of Rent Recovery Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Michael Zomcik o

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The Best Hotels That Allow Pets

Nerd Wallet

Are you the proud parent of a pandemic puppy or a quarantine kitty? Or maybe you’re a long-time pet owner. Taking your pet along on vacation will not only avoid pricey pet boarding, but can also ensure you don’t miss a day with your furry friend. But there’s a hard truth to swallow when traveling. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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 – September 2. Getting to Know Michael Zomcik of Rent Recovery Solutions; Calif. Passes Debt Collection Assignment Notification Bill

Account Recovery

GETTING TO KNOW MICHAEL ZOMCIK OF RENT RECOVERY SOLUTIONS Michael Zomcik is one of those rare finds that you don’t often see out in the wild of the accounts receivable management industry — a newbie. Six months into his stint in the ARM industry, Michael is busy trying to soak up as much knowledge as … The post Daily Digest – September 2.

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Mass. AG Reaches $27M Settlement With Auto Lender, Allegations Included Violating State Call Limits

Account Recovery

The Attorney General of Massachusetts has announced a $27 million settlement with an auto finance company that was sued back in 2020 for, among other alleged infractions, violating state law related to the number of phone call attempts that can be made when collecting on debts. A copy of the settlement agreement with Credit Acceptance … The post Mass.

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What to Buy (and Skip) in September 2021

Nerd Wallet

Thanks to seasonal retail cycles, products tend to go on sale at the same time each year. September is known for blowout deals on mattresses, appliances and outdoor furniture. But in 2021, despite some seasonal trends, September shopping won’t be like it is every other year. Increased labor costs, inflation, supply chain pressure and the pandemic are having.

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Judge Denies Competing Motions in FDCPA Case Over Debt Incurred During Political Campaign

Account Recovery

A case out in California is attempting to test the limits of what defines a consumer debt, at least as far as the Fair Debt Collection Practices Act is concerned. The issue is so thorny that a District Court judge has denied competing motions for summary judgment from both the plaintiff and the defendant, ruling … The post Judge Denies Competing Motions in FDCPA Case Over Debt Incurred During Political Campaign appeared first on AccountsRecovery.net.

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Ensuring Regulatory Compliance While Future-Proofing Your Collections Strategy

True Accord

Ensuring regulatory compliance in debt collection is a high stakes and increasingly complex process. As we know, the industry is constantly evolving and collections strategies must adapt. At the end of July, the Consumer Financial Protection Bureau (CFPB) announced that the final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on November 30.

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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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How Twitter Became the Unlikely Hero in a Rental Car Fiasco

Nerd Wallet

You’ve seen a friend angry-tweeting at an airline because a hurricane caused a flight delay, a futile attempt. But one Avis customer turned to Twitter after days of frustration and a bogus rental car bill — all because he said Avis “stole” his rental car — and it worked. Tarikh Campbell, who works in Boston. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Dealing with Debt Collection in France

UK debt collections

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. Contracting out your debt collection affairs to a French third-party Agency will reinforce your chances at recovering your unpaid by limiting the potential for miscommunic

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Do Consultants Need Professional Liability Insurance?

Nerd Wallet

Professional liability insurance is essential for any business that provides services or advice for a fee — that includes contractors. In fact, clients will often require proof of coverage before agreeing to do business with you or your firm. What is covered under professional liability insurance? Professional liability insurance covers defense costs and damages if your.

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30 Yr VS 15 Yr Mortgage Comparison: Which is Better?

Better Credit Blog

When it comes to the length of your mortgage, there is a fair amount of flexibility regarding term lengths, depending on which company you go with. By and large, 30-year terms and 15-year terms remain perennial favorites. But which mortgage term is the right one for you and your household? Well, that depends on your situation and financial goals. One of the most appealing aspects of a longer-term mortgage is that monthly payments tend to be lower, which makes it a more affordable option for many

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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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How to Get Business Insurance for Landscaping and Lawn Care Companies

Nerd Wallet

Whether you’re a self-employed landscaping contractor or you run a lawn care company with multiple employees, small-business insurance can protect you against lawsuits and other financial losses. Lawn care businesses face a range of industry-specific hazards — working with heavy equipment, machinery, potentially harmful chemicals, etc. — which means you’ll likely need multiple types of.

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Can all businesses file Chapter 11 bankruptcy?

Albuquerque Law

Many business owners believe that only big businesses can file Chapter 11 bankruptcy. This belief likely stems from the fact that when big businesses file bankruptcy, it usually becomes national news. It is not common to hear about a smaller business’s bankruptcy simply because it does not make it into popular news stories. While it is a common myth that only larger businesses can seek debt relief through Chapter 11 bankruptcy, the question remains: which businesses can file reorganization bankr

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The Guide to Cathay Pacific Lounges in Hong Kong

Nerd Wallet

One of the most sought-after perks of premium cabin flight bookings and airline elite status is access to exclusive airline lounges at airports around the world. It’s understandable that a visit to Cathay Pacific lounges in Hong Kong is added to many points and miles enthusiasts’ bucket lists — and this guide will illustrate why. Bethany Walsh writes for NerdWallet.

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What’s Your Credit Score? Understanding the Basics You Need to Qualify

Direct Recovery

Knowing and understanding your credit score is the first step towards getting whatever you are after if you are ready to apply for credit. In most cases, just a few simple tweaks can make a drastic improvement in your score, which can open up a world of options when you sit down to discuss the credit card, auto loan, or home mortgage you are interested in acquiring.

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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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A Guide to Temporary Car Insurance

Nerd Wallet

A college student who drives over summer break only. A houseguest borrowing their host’s car. A soldier who needs a vehicle to get around for a couple of months between deployments. If you find yourself in a situation like this, you might want temporary car insurance. However, you can’t just call up a big-name insurance. Sarah Schlichter writes for NerdWallet.

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Open Source Junkies: How Much Analytic Power Do You Need?

Fico Collections

. I’m a big fan of the Ford Bronco. In addition to the trusty Bronco I take off-roading, I’m near the top of the 125,000-person waiting list for the new model. In my years of negotiating impossible inclines and boulder-strewn roads I’ve realized that driving a Bronco is a lot like solving analytics challenges — it’s counterproductive to use more horsepower than you need.

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Visma | Onguard & CIB make collection process easier

On Guard

Collaboration ensures easy data exchange . Amsterdam, 2 September 2021 – Visma | Onguard and Centraal Invorderings Bureau (CIB) will work closely together in the field of data integration. The partnership includes the integration of Visma | Onguard’s software solution for credit management, within CIB. Customer data required for the collection process via CIB is therefore immediately available and can be supplemented from CIB.

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Can all businesses file Chapter 11 bankruptcy?

Albuquerque Law

Many business owners believe that only big businesses can file Chapter 11 bankruptcy. This belief likely stems from the fact that when big businesses file bankruptcy, it usually becomes national news. It is not common to hear about a smaller business’s bankruptcy simply because it does not make it into popular news stories. While it is a common myth that only larger businesses can seek debt relief through Chapter 11 bankruptcy, the question remains: which businesses can file reorganization bankr

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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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Michigan Regulatory Agency Clarifies Strict Guidelines for Marijuana Packaging Will Be Enforced Effective February 2022

Fraser

One of the important objectives of legal marijuana regulations in Michigan is keeping the product out of the hands of minors. To that end, the Michigan Marijuana Regulatory Agency (“MRA”) recently released an advisory bulletin that outlines packaging rules and enforcement guidelines for edible marijuana products in Michigan. This advisory comes in the wake of media reports indicating the number of cases of children ingesting marijuana products has risen based on data from Michigan Poison Centers

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