Wed.Jul 28, 2021

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Getting to Know David Speed of Nationwide Credit Corp.

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 David Speed of N

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Should You Pack Your COVID-19 Vaccine Card for Your Next Trip?

Nerd Wallet

If you haven’t traveled in a while, then your packing skills may have gotten rusty. There are plenty of new items to add to your packing list — like a smartphone power bank since more restaurants mandate mobile ordering. But there’s one more thing that you might bring on your next trip: Your COVID-19 vaccination. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Professional Garners Strategic Advantage with Investment from Tonka Bay Equity Partners

Account Recovery

VANCOUVER, Wash., July 27, 2021 /PRNewswire/ — Professional (formerly Professional Credit & Ensource), one of the nation’s top providers of first- and third-party accounts receivable management services has received a strategic investment from Tonka Bay Equity Partners LLC (“Tonka Bay”). Corporate Advisory Solutions served as advisor to Professional.

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Debts That Can’t Be Discharged During Bankruptcy

Sawin & Shea

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.

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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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ACA International’s 2021 Convention Kicks Off … In Person

Account Recovery

LAS VEGAS — This year’s annual ACA International Convention, which kicks off today here in Las Vegas might be one of the most highly anticipated events in the history of the association. This marks ACA’s first in-person event since Spring Forum 2020, and there are no shortage of important topics that will be addressed in … The post ACA International’s 2021 Convention Kicks Off … In Person appeared first on AccountsRecovery.net.

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Bedard Discusses New Validation Period Requirements

Account Recovery

The model validation notice represents a complete top-down overhaul of the validation notice that debt collectors have been sending since the Fair Debt Collection Practices Act was enacted back when disco was king. Among two of the major changes to the information that collectors will now be required to include in their validation notices are … The post Bedard Discusses New Validation Period Requirements appeared first on AccountsRecovery.net.

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Construction Bid Protests in Florida: Top 10 Things Contractors Should Know

Jimerson Firm

Once a contractor in Florida receives notice that an agency soliciting bids intends to award a contract to another bidder, the contractor may wonder why its bid was unsuccessful. If a contractor believes its bid should have been the winning one, Florida law allows the contractor to protest the soliciting agency’s award. The process for bid protesting can be a tricky one.

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Loan Application Volume Returns to Pre-Pandemic Levels: CFPB

Account Recovery

In order for a collector to have a debt to collect, a consumer has to obtain some form of credit. That could be as simple as the balance from a visit to the doctor’s office or as complicated as a mortgage or auto loan. The COVID-19 pandemic sent many consumers to the credit reports, analyzing … The post Loan Application Volume Returns to Pre-Pandemic Levels: CFPB appeared first on AccountsRecovery.net.

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Country Financial Homeowners Insurance Review 2021

Nerd Wallet

Country Financial may not be one of the biggest or best-known insurance companies in the U.S., but its homeowners policies are worth a look if you live in one of the 19 states where they’re available. Country Financial home insurance has a solid range of coverage options, though you’ll have to speak with a representative. Sarah Schlichter 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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Daily Digest – July 28. ACA’s Convention Kicks Off, In Person; Bedard Discusses New Validation Period Requirements

Account Recovery

ACA INTERNATIONAL’S 2021 CONVENTION KICKS OFF … IN PERSON This year’s annual ACA International Convention, which kicks off today here in Las Vegas might be one of the most highly anticipated events in the history of the association. This marks ACA’s first in-person event since Spring Forum 2020, and there are no shortage of important … The post Daily Digest – July 28.

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5 E-commerce Business Models

Nerd Wallet

When you’re starting an e-commerce business, it’s important to have a strong e-commerce business model in place. Your business model helps determine how you’re going to reach and retain customers, stand out in the marketplace — and how customers are going to get a hold of your products. With the understanding that business models are. Sally Lauckner writes for NerdWallet.

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CFPB Releases Online Tool to Help Renters and Landlords Access Federal Assistance

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses.

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Small Business Unpaid Invoices creating a struggle for many

UK debt collections

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables. A survey released Tuesday by Wave, an H&R Block company, found that 17% of the 1,008 microbusiness owners with nine employees or less it polled said there are invoices they’ve sent out that have never been paid.

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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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Stocks vs. Options: What Investors Need to Know

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. If investing is of interest to you, then you’ve probably heard about stocks vs. options. How can you make the best choice when deciding which investment strategy to use? After all, investing comes with risk attached – learning how to navigate that risk and make sound investment decisions is the key to building a good investment portfolio.

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CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers' experiences obtaining residential mortgages.

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What To Do if You Can’t Pay Your Mortgage

Debt Guru

Paying bills is stressful enough, but if you come to the end of your checkbook balance and discover that you don’t have enough to cover your mortgage, that stress goes up exponentially. But before you panic, you should know that you have options. First, Make Contact With Your Loan Servicer. Before deciding how to move forward, your first step is to contact your mortgage loan servicer.

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Learn about the enhanced child tax credit and its enormous benefits for consumers

Public Citizen

The Tax Policy Center -- a project of the Urban Institute and Brookings -- has produced this informative paper on the new, expanded child tax credit, which is a part of the American Rescue Plan. The Tax Policy Center estimates that 92 percent of families with children will get an average child tax credit of 4,380 in 2021, far more than under prior law.

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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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Getting the Most Out of Healthcare Conferences

Credit Management Company

Last year, all conferences were virtual. And while it seemed convenient to attend from the comforts of your home, everyone learned that virtual conferences can be as draining as in-person ones. The term ‘zoom fatigue’ was often used to describe a day when a person attended too many virtual meetings. According to researchers at Stanford staring at a Zoom, Microsoft Teams, Goggle Meets or any other type of computer camera can definitely be exhausting.

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Upcoming Webinar: How to Defend Identity Theft Claims Under the FCRA

Burr Forman

Increased claims of identity theft by consumers have given rise to more disputes that accounts are being inaccurately reported. Our clients are seeing a dramatic increase in the number of identity theft-related FCRA lawsuits. To learn more, please join us for a webinar, “How to Defend Identity Theft Claims Under the FCRA” on Wednesday, August 4 from 11:30 am to 12:30 pm CDT.

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Law Firm Collections – Get More in the Door

Payment Savvy

A business cannot thrive if the customers aren’t paying. Unfortunately, many law firms struggle with getting clients to pay and maintaining steady cash flow. Enter law firm collections. Fortunately, this sad reality is easily rectified. There are simple ways law firms can improve their collection practices and get clients to pay them on time. Here are some improvements to help you streamline your firm’s collection process.

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A blog by Jon Swan, Forums international Ambassador

CICM

I can remember quite clearly the first time I met Laurie and Lynn. It was the Autumn meeting in 1996 of the CMIG (Computer Manufacturers Industry Group) held at the Fines Bailiwick Hotel near Bracknell. I had joined Dell in September of that year and this was my first meeting. The only Credit Forums I had ever attended were infrequent credit circles run by major recording studios such as EMI which were a closed shop environment and all a bit secretive!

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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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New US Measures on Xinjiang Would Hurt Global Trade, China says

NACM

The U.S. recently accused Xinjiang of using forced labor, which has led lawmakers to support blocking imports from the region. American companies also were warned of legal risks if they do business in this area, the Associated Press reported.The U.S. Senate approved a measure earlier this month that would block imports of goods made with forced lab.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

Fico Collections

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% increase in volume and a 10.8% increase in dollar value over 2019. Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too.