Account Recovery

SEPTEMBER 24, 2021

Once again, the Consumer Financial Protection Bureau has opted not to include anyone from the accounts receivable management industry on its Consumer Advisory Board, despite multiple individuals from the industry who applied for a spot. The CFPB announced the members of four committees — the Consumer Advisory Board, the Community Bank Advisory Council, the Credit … The post CFPB Names New Members to Advisory Board — None from ARM Industry, Again appeared first on AccountsRecove

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Accounts Receivables Management Banks 246

American Profit Recovery

SEPTEMBER 24, 2021

I had worked in debt collections before when I came to American Profit Recovery six years ago, first in collections for vehicle loans, and later for collections in mortgages. I thought I knew what I was getting into—collections is collections, right? BOY was I wrong! Work life at American Profit Recovery is truly a unique atmosphere in so many ways.

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Account Recovery

SEPTEMBER 24, 2021

Harry Truman once famously asked his wife, Bess, “Why is it that only sons of b **s know how to lick a stamp?” For companies in the accounts receivable management industry, the cost to lick and put stamps on letters is about to go up again, at the same time that the United States Postal Service … The post Postage Costs Go Up as USPS Adjusts Delivery Timelines appeared first on AccountsRecovery.net.

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Accounts Receivables Management 240

Enterprise Recovery

SEPTEMBER 24, 2021

If you’re concerned about receiving timely payments, you might be interested to know that your clients have preferences about receiving your invoices. When you can meet their preferences to increase your cash flow, isn't it worth it? When is the best time to send your client an invoice?

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Collections 197

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.

Account Recovery

SEPTEMBER 24, 2021

A bill has been introduced in the Senate that would reward whistleblowers for reporting wrongdoing to the Consumer Financial Protection Bureau with as much as 30% of a settlement award or up to $50,000 if the settlement is less than $1 million. S.2775 was introduced earlier this week by Sen. Catherine Cortez Masto [D-Nev.], and … The post Bill Introduced to Compensate Whistleblowers Reporting Wrongdoing to CFPB appeared first on AccountsRecovery.net.

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Account Recovery

SEPTEMBER 24, 2021

W.V. AG SUES COLLECTOR FOR BREAKING TERMS OF SETTLEMENT, SEEKS SHUTDOWN AND FINE The Attorney General of West Virginia has filed a lawsuit in state court seeking to fine a New York collection agency for operating in the state without a license as well as ban the company from collecting debts in the Mountain State. … The post Daily Digest – September 24.

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Collection Agencies Collections Agency Collections 221

Nerd Wallet

SEPTEMBER 24, 2021

The pandemic isn’t crushing the entrepreneurial spirit. It’s fueling it. People normally tied to a desk or working double shifts used lockdown to launch side hustles, often out of necessity. And some have turned those side gigs into full-fledged businesses. According to the U.S. Census Bureau, 427,842 new business applications were filed in August 2021.

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Account Recovery

SEPTEMBER 24, 2021

The Attorney General of West Virginia has filed a lawsuit in state court seeking to fine a New York collection agency for operating in the state without a license as well as ban the company from collecting debts in the Mountain State. The suit was filed after the company signed an agreement with the AG’s … The post W.V. AG Sues Collector For Breaking Terms of Settlement, Seeks Shutdown and Fine appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 219

Collections Law

SEPTEMBER 24, 2021

If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The truth is, you have many tools available to you under Massachusetts law. The experienced commercial collections attorneys at the Law Offices of Alan M. Cohen LLC know how to choose the right tools for the job. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need.

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Collections Debtor Commercial Collection Judgment 98

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Collections

Fico Collections

SEPTEMBER 24, 2021

Do FICO Scores Consider Telco and Utility Data? The unequivocal answer is yes! FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. credit bureaus : Equifax, Experian and TransUnion. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989.

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Credit Bureau Lender Consumer Credit Loans 96

Nerd Wallet

SEPTEMBER 24, 2021

Frustrated AARP credit cardholders who may be enduring a problem-plagued transition from Chase to Barclays should activate their new cards online or with an automated phone system to avoid hours-long phone-call wait times. That’s the advice from Barclays, which has been dealing with new-customer ire despite beefing up its customer-service ranks in anticipation of higher.

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Credit Corp

SEPTEMBER 24, 2021

This article originally appeared on The Financially Independent Millennial and was republished with permission. Many people say a business plan is a key element for any start-up business. But in many cases, not just an operating plan, but a business exit strategy needs to be considered upfront. An exit objective and strategy may affect the business plan.

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Loans Collections 96

Nerd Wallet

SEPTEMBER 24, 2021

Mobile point-of-sale systems allow you to input customer orders and process transactions on a tablet, phone or proprietary mobile device. When comparing options, it’s helpful to consider three common costs: Hardware: Some mobile POS hardware is free, while other devices can cost a few hundred dollars. Generally, the devices that attach to smartphones or tablets.

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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?

Banks

Hudson Weir

SEPTEMBER 24, 2021

While preference shares are much less common than ordinary shares, they have some clear advantages. One of these advantages takes effect when a company is insolvent. As UK firms try returning to business as usual, following the lockdowns caused by Covid-19, the government has now announced that temporary insolvency restriction protections are ending.

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Unsecured Creditor Creditors Secured Creditor Government 52

Nerd Wallet

SEPTEMBER 24, 2021

From Sept. 23 through Nov. 3, 2021, the Chase-issued Marriott Bonvoy Boundless® Credit Card and Marriott Bonvoy Bold® Credit Card are increasing their sign-up bonuses to their highest levels to date. The Marriott Bonvoy Boundless® Credit Card What’s changing The Marriott Bonvoy Boundless® Credit Card will offer this bonus for new cardholders: For a Limited.

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CSA

SEPTEMBER 24, 2021

Lackfords Debt Specialists is a UK-wide debt collection and high court enforcement agency, based in Newton Abbot in South West England. In 2019, six months after launching the business, the firm joined Credit Services Association (CSA), the UK trade body for the collections and debt purchase sector. As a well-established and successful approved apprenticeships training provider, CSA became a ?

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Trade Debt Recovery Collections Government 52

Nerd Wallet

SEPTEMBER 24, 2021

There are several options available to you when you need to find a loan to purchase a home. For example, you can work with a mortgage broker who will take your specific needs and circumstances into account and compare rates from a variety of lenders. You could also research lenders on your own and work. Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com.

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Lender Loans 76

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Collections

Burr Forman

SEPTEMBER 24, 2021

The People’s Bank of China (“PBOC”) announced this morning that it is banning crypto currencies and related services, including “trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.” CNBC and other outlets reported that the ban also extends to overseas exchanges serving Chinese residents: “’Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC s

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Financial Institution Trade Banks 52

Nerd Wallet

SEPTEMBER 24, 2021

The cost of owning a new car rose 5% in the last year, according to the 2021 AAA Your Driving Costs Study. Costs increased across all categories, bringing the average expenditure up to $9,282 a year, or $773.50 a month. AAA reviewed 45 top-selling sedans and SUVs, factoring in six expense categories: fuel, maintenance, full-coverage. Dawnielle Robinson-Walker writes for NerdWallet.

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Loans 76

Fico Collections

SEPTEMBER 24, 2021

Do FICO Scores Consider Telco and Utility Data? The unequivocal answer is yes! FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. credit bureaus : Equifax, Experian and TransUnion. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989.

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Credit Bureau Lender Consumer Credit Loans 52

Nerd Wallet

SEPTEMBER 24, 2021

Rewards optimizers who lament not being able to pay rent — often the largest monthly bill — with a credit card can finally rejoice. Bilt Rewards offers a Mastercard that allows you to not only earn rewards when you pay rent, but to earn them with no fee. The rewards you can earn from the. Erin Hurd writes for NerdWallet. Email: ehurd@nerdwallet.com.

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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.

Nerd Wallet

SEPTEMBER 24, 2021

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. A bank is a financial institution with a license to hold and lend money. It can provide checking and savings accounts, credit cards, mortgages, auto loans, personal loans, small business.

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Banks Financial Institution Personal loans Education 73

Nerd Wallet

SEPTEMBER 24, 2021

More than 2.3 million people in Ohio are signed up for Medicare, making it the sixth-largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older. Medicare Advantage is an all-in-one alternative to Medicare that offers all the same benefits and usually some extras, such as dental. Kate Ashford writes for NerdWallet.

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Government 72

Nerd Wallet

SEPTEMBER 24, 2021

Southwest is one of the most popular airlines for Americans. It offers numerous methods to earn Rapid Rewards points that can be redeemed for flights. When you need extra points to book an award flight, one option is to purchase points for Southwest Airlines. Buying points generally isn’t recommended because you might end up paying. Lee Huffman writes for NerdWallet.

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Nerd Wallet

SEPTEMBER 24, 2021

Marriott Bonvoy has more than two dozen brands and 8,000-plus hotels from which to choose when earning and redeeming points. With so many options, Marriott has a property that can suit any taste from a business-focused conference locale to a budget-minded hotel in cities large and small. Within Marriott Bonvoy, there are several brands notable. Ramsey Qubein writes for NerdWallet.

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