Tue.Jul 06, 2021

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Daily Digest – July 6. Judge Uses TU Ruling to Grant MTD in FDCPA Case; People Still Slow to Look for Work

Account Recovery

WDTN JUDGE USES TRANSUNION RULING TO GRANT MTD IN FDCPA CASE OVER DEBT AMOUNT A District Court judge in Tennessee is the latest to use the Supreme Court’s ruling in TransUnion v. Ramirez as grounds to determine that a plaintiff lacked standing to sue a collector for allegedly violating the Fair Debt Collection Practices Act because it indicated in … The post Daily Digest – July 6.

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Succession Planning: Why Having an Exit Strategy Matters for Your Business

Nerd Wallet

Many people make detailed plans to take care of loved ones and handle their personal affairs in the future, using legal tools such as wills and trusts. For business owners, there are additional considerations to make when figuring out how to exit their business once they retire, become unable to manage the day-to-day operations or. Tiffany Lam-Balfour writes for NerdWallet.

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WDTN Judge Uses TransUnion Ruling to Grant MTD in FDCPA Case Over Debt Amount

Account Recovery

A District Court judge in Tennessee is the latest to use the Supreme Court’s ruling in TransUnion v. Ramirez as grounds to determine that a plaintiff lacked standing to sue a collector for allegedly violating the Fair Debt Collection Practices Act because it indicated in a collection letter that additional fees could be added to … The post WDTN Judge Uses TransUnion Ruling to Grant MTD in FDCPA Case Over Debt Amount appeared first on AccountsRecovery.net.

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What Gen Z Can Learn From Millennials’ Money Mistakes

Nerd Wallet

The jokes about millennials being perpetual children are aging about as quickly as millennials themselves. With the eldest of our generation pushing 40, lately we’re less about rosé all day and more about term life insurance. The geriatric among us were already working (or trying to) when the Great Recession hit. And now, some of. Sara Rathner 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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SDNY Judge Grants MTD in FDCPA Case Over Who Sent Collection Letter

Account Recovery

In what may be a case of mistaken identity or a case of a first-party collector doing its job properly, a District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it allegedly sent a collection letter that included … The post SDNY Judge Grants MTD in FDCPA Case Over Who Sent Collection Letter appeared first on AccountsRecovery.net.

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People Still Slow to Look for Work in States That Ended Additional Unemployment Benefits: Report

Account Recovery

One of the biggest problems for companies in the accounts receivable management industry in recent months has been finding qualified applicants and candidates who are willing to work. Companies have reported declines in the number of applicants, the number of individuals who show up for interviews, and the number of individuals who make it through … The post People Still Slow to Look for Work in States That Ended Additional Unemployment Benefits: Report appeared first on AccountsRecovery.n

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Should You Keep Investing at All-Time Highs?

Credit Corp

This article was originally published on The Best Interest Blog and has been republished here with permission. A note from a dedicated reader inspired today’s article. It’s a question about the stock market and investing at all-time highs. It reads: Hey Jesse. So, back in March you said that you were going to keep on investing despite the major crash.

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Managing Partner Charles Jimerson Discusses Gaps in Florida’s Condo Laws With NBC 6 Following Surfside Condo Collapse

Jimerson Firm

Managing partner Charles Jimerson recently spoke to NBC 6 South Florida about the gap in Florida’s condominium laws. Only two counties in the state require a 40-year recertification process even though Florida has the most condominiums of any U.S. state. As investigations continue into the Champlain Towers South building collapse in Surfside, Florida, the safety of these self-governing communities is now being examined.

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WooCommerce Alternatives: 5 Top Options to Consider

Nerd Wallet

WooCommerce is a great e-commerce platform for any business owner with a business website on WordPress. However, if you don’t have a WordPress site — or just want to explore your other options before making a final decision — there are plenty of other WooCommerce alternatives for you to explore. Unlike WooCommerce, which is a. Nina Godlewski 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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TrueAccord Offers Buy Now, Pay Later Clients the Opportunity to Improve Repayment Success

True Accord

If you aren’t familiar with Buy Now, Pay Later (BNPL) yet, it’s a safe bet that you will be soon. The service, which allows consumers to split a purchase into several payments over a set period of time, has been popular in other countries and has been gaining traction in the U.S. To quantify the growth in BNPL use, a February 2021 survey conducted by The Strawhecker Group (TSG) of more than 1,500 U.S. consumers found that nearly two in five (39%) had used a BNPL service and predicted that BNPL v

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Paylocity Payroll Review 2021: Benefits, Drawbacks, Alternatives

Nerd Wallet

Paylocity’s all-in-one cloud-based payroll and human resources platform stands out by offering scalable services, hundreds of app integrations and solid customer service availability. Its payroll features aid business owners in paying employees, filing and paying taxes, reimbursing expenses and more. It’s best suited for midsize and large businesses, though it also serves small businesses.

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Buying a Car Before Buying a House: What’s the Right Order?

Credit Corp

Buying a car can affect your credit score—and your home purchasing power—in a variety of ways. If you hope to buy a home soon and can afford to wait to get a car, it might make more sense to buy a house first. Did you know that buying a car before you buy a home could impact your ability to get a mortgage ? Find out more below about the relationship between buying a car and buying a home.

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Can I Open a Business Bank Account Without an EIN?

Nerd Wallet

Opening a business bank account is a smart way for small-business owners to separate business and personal finances. During the process, you’ll likely discover that most banks require businesses to have an employer identification number, or EIN, to open a business checking account. There are some instances where it can be avoided, but having an. Marianne Hayes 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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5 Benefits of an Effective Dunning Process for Accounts Receivable Collections

Chargent

By automating your dunning process, you can significantly reduce your involuntary churn rate and help improve accounts receivable collections. The post 5 Benefits of an Effective Dunning Process for Accounts Receivable Collections appeared first on Chargent by AppFrontier.

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The Best Las Vegas Hotels Without Resort Fees

Nerd Wallet

Any trip to Las Vegas comes with some built-in risks: Your number may never hit at the roulette table. The show you wanted to see may not live up to the hype. Your food and drink indulgence may turn out to be, well … too much. But if there’s one thing more painful than a. Kevin Berry writes for NerdWallet. Email: kberry@nerdwallet.com. Twitter: @KevinBerry23.

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Monthly Accounts Receivables Roundup for June 2021

Katabat

Astonishing: GDP Predicted to be 7.4% This Year… But Won’t Last For Long. Nearly spilled my coffee when I saw the headline in Reuters that the Congressional Budget Office was projecting a U.S. GDP of 7.4% for 2021. Reuters explains “The non-partisan CBO said in updated forecasts that it expects gross domestic product growth to reach 7.4% in 2021 , based on fourth-quarter comparisons, double its forecast for 3.7% growth from February.

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How the Wells Fargo Active Cash Card Compares to the Competition

Nerd Wallet

The Wells Fargo Active Cash? Card is making a splash among the growing list of 2% flat-rate cards on the market. The $0-annual-fee card offers the following: Rewards: Unlimited 2% cash back on all purchases. That’s a higher ongoing rate than the standard 1.5% flat rate that many rewards cards offer. Sign-up bonus: New! Earn a $200 cash rewards bonus.

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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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Selling Your Business As A Going Concern: What Does It Mean?

Hudson Weir

There are all sorts of ways to sell a business. One option is to sell it as a going concern – but what exactly does ‘going concern’ mean? In short, if you’re selling a business as a going concern, you’re offering a complete package. The buyer can pick up where you’ve left off, with everything they need to keep operations running smoothly.

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Should You Get the Wells Fargo Active Cash Card? Here’s What to Consider

Nerd Wallet

The Wells Fargo Active Cash? Card is as straightforward as credit cards come: Customers earn an impressive 2% cash-back rate on all purchases without having to jump through hoops. Whether you’re looking to earn simple rewards or maximize them, this $0-annual-fee card works well solo or paired with other cash-back credit cards. While the Wells Fargo.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 4

Fico Collections

Properly managed, the debt collections process can be an effective customer service and anti-attrition tool. Financial impairment resulting from unanticipated events are often temporary. Such events cast many borrowers into uncomfortable territory, creating what may be a defining moment in the relationship between them and their lenders. Lenders who get it right may earn a loyal customer for life, while those who misfire risk cannibalizing valuable relationships that often span multiple products

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How to Travel to Oakland on Points and Miles

Nerd Wallet

Oakland is a vibrant and dynamic city that is a great destination for travelers who want to explore the San Francisco Bay Area. You can enjoy the nightlife at Jack London Square, take in the city with a walk around Lake Merritt or enjoy a cruise on the scenic bay. Oakland is also a good. Alex Cramer writes for NerdWallet. Email: travel@nerdwallet.com.

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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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How Our Business Collection Attorneys Domesticate and Enforce Foreign Judgments Against Debtors

Collections Law

When partnering with the experienced commercial litigation debt collection attorneys at the Law Offices of Alan M. Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect. The Uniform Enforcement of Foreign Judgments Act, which the Commonwealth of Massachusetts formally adopted in April 2019, enhances the ability of a judgment creditor to domesticate their judgment and t

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Yes, You Can Have Multiple Brokerage Accounts

Nerd Wallet

With scores of new easy-to-use investing apps, brokerage services have lost some of the mystique that once enshrouded them. Now, virtually anyone can access the stock market through a range of services. But so much choice has also sparked uncertainty: What’s the right brokerage service for you and can you have more than one? When. Chris Davis writes for NerdWallet.

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Medical Debt Collection Harms Patient Finances

Collection Industry News

Source: site. When Mark Marcott went to SSM Health St. Mary’s Hospital in Madison for serious side effects of a medication in November 2019, he said he was told the services would be covered even though he didn’t have health insurance after recently losing a job. Watch now: Dane County officials announce end of COVID-19 restrictions. ? ?. Mark Marcott.

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Monthly Accounts Receivables Roundup for June 2021

Katabat

Astonishing: GDP Predicted to be 7.4% This Year… But Won’t Last For Long. Nearly spilled my coffee when I saw the headline in Reuters that the Congressional Budget Office was projecting a U.S. GDP of 7.4% for 2021. Reuters explains “The non-partisan CBO said in updated forecasts that it expects gross domestic product growth to reach 7.4% in 2021 , based on fourth-quarter comparisons, double its forecast for 3.7% growth from February.

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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.