Wed.Feb 15, 2023

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Setup Fee for Collection Agency: Waived Off !!

Nexa Collect

It is common for collection agencies to charge an onboarding fee to their new customers. However, a few good collection agencies with nationwide coverage waive their setup fee from time to time. Contact us if you need a collection agency with the following features. No setup fee and no hidden charges. We guarantee it. Open-ended contract with no minimums and free credit bureau reporting.

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24 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 24 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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Why Is AMD Stock on the Rise?

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article Why Is AMD Stock on the Rise? originally appeared on NerdWallet.

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CFPB Spotlights Trends in Debt Collection Credit Reporting

Account Recovery

The Consumer Financial Protection Bureau yesterday released a report that looked at the volume of third-party debt collection tradelines being furnished on consumers’ credit reports, and found that the number of collection tradelines dropped by one-third between 2018 and 2022. Contingency-fee-based debt collectors furnished 38% fewer tradelines during that period, according to the report.

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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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How to Deal With a Disappointing Airbnb

Nerd Wallet

Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article How to Deal With a Disappointing Airbnb originally appeared on NerdWallet.

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Inclusive Entrepreneurship Is Key to Unlocking Equal Opportunity

Prosperity Now

This paper is a collaboration between the Progressive Policy Institute (PPI) and Prosperity Now. Read the full report here.

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Judge Grants MTD for Lack of Standing in FCRA Case Over Disputed Debt

Account Recovery

It turns out that claiming a plaintiff lacks standing to sue just isn’t for Fair Debt Collection Practices Act cases; the argument can work on Fair Credit Reporting Act cases, too. A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the FCRA because … The post Judge Grants MTD for Lack of Standing in FCRA Case Over Disputed Debt first appeared on AccountsRecovery.net.

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3 Ways to Maximize Points and Loyalty Programs on Your Work Trips

Nerd Wallet

Elina Geller writes for NerdWallet. Email: egeller@nerdwallet.com. Twitter: @themissmiles. The article 3 Ways to Maximize Points and Loyalty Programs on Your Work Trips originally appeared on NerdWallet.

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Daily Digest – February 15. CFPB Spotlights Debt Collection Credit Reporting Trends; Colorado to Hold Hearing on Medical Debt Collection Bill

Account Recovery

CFPB SPOTLIGHTS TRENDS IN DEBT COLLECTION CREDIT REPORTING The Consumer Financial Protection Bureau yesterday released a report that looked at the volume of third-party debt collection tradelines being furnished on consumers’ credit reports, and found that the number of collection tradelines dropped by one-third between 2018 and 2022. Contingency-fee-based debt collectors furnished 38% fewer tradelines … The post Daily Digest – February 15.

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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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To Truly Reward Work, We Must Give People a Fairer Financial Starting Point with Baby Bonds

Prosperity Now

Watching President Biden’s State of the Union address last Tuesday, his focus on how unfair our economy is and the

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What I Learned About Personal Loans — After Getting Rejected for One

Nerd Wallet

Ronita Choudhuri-Wade writes for NerdWallet. Email: rcwade@nerdwallet.com. The article What I Learned About Personal Loans — After Getting Rejected for One originally appeared on NerdWallet.

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Football club facing winding up order over unpaid debts

UK debt collections

Football Club Southend United is expected to to receive a winding up order due to unpaid debts. Founded in a pub 116 years ago, Southend United was admitted into the Football League in 1920. The club was bought nearly 25 years ago by property developer Ron Martin for £4m. He bought the club from the former chairman Vic Johnson via a company called South Eastern Leisure, which was a joint venture between Martin’s own development firm, Martin Dawn, and Delancey Estates.

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Maui vs. Honolulu

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article Maui vs. Honolulu originally appeared on 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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Federal Regulators Urge The Appraisal Foundation to Revise Uniform Standards to Explicitly Prohibit Discrimination

Troutman Sanders

On February 14, Patrice Ficklin, the Fair Lending Director for the Consumer Financial Protection Bureau (CFPB), together with senior officials from the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, U.S. Department of Housing and Urban Development, Federal Housing Finance Agency, and U.S.

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How to Deal With the Deadbeat Shuffle

Collections Law

Sometimes a debtor makes sporadic payments just to keep you from calling the Law Offices of Alan M. Cohen LLC. We call this the deadbeat shuffle. Sometimes the sporadic payments are because of your debtor’s cash flow. Other times, it is just a game to cause you to delay so that they may try to put assets out of your reach. In either circumstance, one thing is clear: Your debtor is now your deadbeat and they are no longer paying on your terms, but rather their terms to your detriment.

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CFPB Improves Services for Consumers with Limited English Proficiency

Troutman Sanders

On February 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog discussing improvements made to its services with the goal of providing the same experience to consumers with limited English proficiency (LEP) that its English-speaking consumers receive. These improvements include redesigned website landing pages in seven languages and the ability to accept complaints in 180 different languages.

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My First ICRM Review Session

NACM

​I'm officially finished with the fifth module of International Credit & Risk Management (ICRM) course! In this module, I learned about establishing credit lines and payment terms. I used information I learned from the previous modules to formulate my answers for the discussion posts. I received support from ICRM Instructor, Val Venable, C.

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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 Report Finds Decline in Debt in Collections Appearing on Consumer Reports

Troutman Sanders

On February 14, the Consumer Financial Protection Bureau (CFPB) released a report entitled Market Snapshot: An Update on Third-Party Debt Collections Tradelines Reporting. The report sought to examine trends in the reporting of debt in collections from 2018 to 2022. Based on the CFPB’s Consumer Credit Panel, a nationally representative sample of approximately five million de-identified records maintained by one of the national consumer reporting agencies, the total number of collections tradelin