Account Recovery

DECEMBER 1, 2022

CORAL SPRINGS, FLORIDA and DALLAS, TEXAS, November 30, 2022—Nordis Technologies continues to build its leadership in integrated omnichannel customer communications management and digital and print delivery with expanded text messaging capabilities through its new partnership with Solutions by Text (SBT). Nordis Technologies’ clients can now compose and send one-time and recurring, compliant text messages using the company’s patented Expresso™ CCM platform, enabled … The post Nordis

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Nerd Wallet

DECEMBER 1, 2022

When you’re laid off, you’re not going to be in the clearest state of mind to take care of your financial life. It can be challenging to do much of anything at first, says Pamela Capalad, a New York-based certified financial planner. “But you have to deal with the financial stuff.” To safeguard your finances, Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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Account Recovery

DECEMBER 1, 2022

The Federal Trade Commission has filed a lawsuit and obtained a temporary restraining order shutting down a network of eight companies engaged in a credit card debt relief scheme and the three individuals that own and operate them. The defendants are charged with violating the Telemarketing Sales Rule and unfair and deceptive acts or practices … The post FTC Sues, Obtains TRO Against Alleged Debt Relief Scam That Bilked Millions from Consumers first appeared on AccountsRecovery.net.

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Collections Law

DECEMBER 1, 2022

Getting payment on late debt is not always an easy task. Thankfully, businesses do not need to go through this process on their own. Business owners can work with legal counsel to help locate and collect that money. At the Law Offices of Alan M. Cohen LLC, we have nearly 50 years of combined legal experience working to help our clients get the money they are owed.

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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

DECEMBER 1, 2022

A District Court judge in New Jersey has granted a defendant’s motion to dismiss, ruling that a collector saying it “was willing to accept” an amount to settle a debt is not confusing to a least sophisticated debtor regarding the identity of the creditor to whom the debt was owed, and that the plaintiff did … The post Judge Grants MTD in FDCPA Case Over Creditor ID in Letter, Volume of Calls That Were Allegedly Harassing first appeared on AccountsRecovery.net.

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Account Recovery

DECEMBER 1, 2022

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 Maria Soria of G

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Nerd Wallet

DECEMBER 1, 2022

Layoffs are making headlines again, but they’re concentrated in just one sector: tech. And those numbers are spiking, with November’s toll three times October’s, according to Layoffs.fyi, which tracks layoffs in the tech industry. In fact, since the start of 2022, more workers in tech have been laid off than in 2020 and 2021 combined. Anna Helhoski writes for NerdWallet.

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PDC Flow

DECEMBER 1, 2022

Every debt collector knows the struggle of getting consumers to answer their phones. Digital campaigns can better engage people who want to pay without requiring them to answer a call. But you need to collect certain key metrics to know these new tactics are working. Collecting and analyzing your data will help you understand how your business is performing and forecast future engagement and revenue.

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Nerd Wallet

DECEMBER 1, 2022

For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It very much eases the burden,” he says, making his December. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.

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Education 84

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Collections

Debt RR

DECEMBER 1, 2022

Most businesses will eventually need to borrow money or enter into a lease agreement. Whether it’s venture capital to get new technology off the ground or a lease for office equipment, financial transactions like these happen. There’s nothing wrong with this – it’s a standard course of business in many industries. In fact, some industries thrive on utilizing their debt efficiently to make the most of their cash flow.

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Nerd Wallet

DECEMBER 1, 2022

For holders of eligible Discover credit cards, the start of the new year will again be a good time to stock up on groceries. From Jan. 1 to March 31, 2023, cards like the Discover it® Cash Back and the Discover it® Student Cash Back will be able to earn 5% cash back on combined. Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article Discover Unveils 5% Bonus Categories for Q1 2023: Grocery Stores, Drugstores, Streaming originally appeared on NerdWallet.

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Luftman, Heck & Associates.

DECEMBER 1, 2022

Inflation is at record highs. Many are struggling to cover daily living expenses due to the current costs of gas, groceries, utilities, mortgage payments, and other regular monthly bills. One effect of inflation is an expected rise in bankruptcy filings in 2023. Although bankruptcy declarations have declined recently, credit card debt is at an all-time high as consumers struggle to absorb costs.

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Nerd Wallet

DECEMBER 1, 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. A fixed interest rate is a central feature of many certificates of deposit. When you open a CD at. Spencer Tierney writes for NerdWallet.

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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

On Guard

DECEMBER 1, 2022

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. It also enables automatic profiling and segmentation. This creates a 360° view of customers, reducing risks of unpaid invoices and improving predictability of cash flow. And therefore, in the long run, customer satisfaction, or customer experience.

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Nerd Wallet

DECEMBER 1, 2022

Refinancing a car during a recession could be a good idea, but your personal situation will determine if auto refinancing makes sense for you. A recession — defined by the National Bureau of Economic Research as a significant decline in economic activity spread across the economy and lasting more than a few months — is. Shannon Bradley writes for NerdWallet.

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Troutman Sanders

DECEMBER 1, 2022

In this episode of The Crypto Exchange , Troutman Pepper Consumer Financial Services Partner Ethan Ostroff welcomes back Deborah Kovsky-Apap to discuss the recent FTX bankruptcy and other bankruptcy-related developments in the crypto space. Ethan and Deb dive into the recent news that has shook the entire crypto world and how this may affect the crypto landscape going forward.

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Nerd Wallet

DECEMBER 1, 2022

Whether you’re on the way to the airport or have already boarded your flight, there’s never a good time to find out about flight delays or airline cancellations. While your first priority should be to figure out your backup plan, you might also be wondering if you’re entitled to any kind of compensation. Turns out. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Collections

Collection Industry News

DECEMBER 1, 2022

More than 16,000 businesses which took out a type of government-backed Covid loan have gone bust without paying the money back, the BBC has found. Hundreds of directors, who got loans they were not entitled to, have also been disqualified. The cost to the taxpayer of these insolvencies could be as much as £500m, and is likely to grow as more companies go under.

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Nerd Wallet

DECEMBER 1, 2022

Airline elite status is worth more than just bragging rights. The perks — including bonus miles, checked bag waivers, entry into airport lounges and free seat upgrades — have real cash value. NerdWallet has analyzed various airlines’ elite status benefits by adding up the estimated value of these perks to determine the value of each. June Casagrande writes for NerdWallet.

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Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days. But if you’ve let it go unpaid for months, your issuer could pass it on to one of over 7,000 third-party collections agencies in the U.S.

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Nerd Wallet

DECEMBER 1, 2022

For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase. Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. Inevitably, this will.

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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.

Collection Industry News

DECEMBER 1, 2022

Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. And it’s one that may be happening more frequently in recent months. The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ended, and debt collectors have resumed business as usual.

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CICM

DECEMBER 1, 2022

Only 5% of the 5,158 UK’s largest companies that report payment terms have qualified for the 2022 award from Good Business Pays. The award recognises big businesses that pay at least 95 per cent of their invoices on time and within 27 days or less, over the last 12 months. Since 2019, almost a quarter of the UK’s largest companies have stopped reporting their statutory duty to report on the payment terms. 29 th November 2022, London: Good Business Pays has revealed the 270 companies to be awarde

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Collection Industry News

DECEMBER 1, 2022

As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices as well as higher interest rates. This includes the interest rates for some credit cards. More than 175 million Americans have at least one credit card, and at any given time, about half of active credit card accounts carry a balance. Consumer financial protection laws safeguard borrowers’ control over how and when they pay back debt, including credit card debt.

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Payment Savvy

DECEMBER 1, 2022

If you have or are about to receive access to your Flexible Spending Account, you may need some basic information regarding FSA debit cards and how to use them. This will help you understand the benefits and limitations of FSA funds and how you can manage them in your day-to-day life. In this article, we will explain what exactly an FSA card is, how to use it, and answer some common questions regarding this payment method.

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