Wed.Apr 13, 2022

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24 Companies Looking for 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 Looking for Collection Talent appeared first on AccountsRecovery.net.

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Orbitz: Everything You Need to Know About Booking Travel

Nerd Wallet

Orbitz has its roots in cheap flights, but now the online travel deals aggregator offers deals on all sorts of travel, including lodging, rental cars and vacation packages. Perhaps the biggest thing that sets Orbitz apart from other online travel agencies is its genesis: Orbitz was created by a handful of the world’s most prominent. Sally French writes for NerdWallet.

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State Court Judge Grants Motion to Compel Arbitration in FDCPA Case

Account Recovery

In a case that was defended by the team at Gordon & Rees Scully Mansukhani, a state court judge in Wisconsin has granted a defendant’s request to compel arbitration after it was accused of violating the Fair Debt Collection Practices Act and state law in Wisconsin when it did not respond to a hardship application … The post State Court Judge Grants Motion to Compel Arbitration in FDCPA Case appeared first on AccountsRecovery.net.

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75% of Americans Have Hesitations Around Buying Life Insurance

Nerd Wallet

Life insurance can be an important financial safety net for many Americans, but 3 out of 4 (75%) have hesitations when it comes to buying coverage, according to a new NerdWallet survey. The online survey conducted by The Harris Poll in February 2022 focuses on consumer sentiment surrounding life insurance. It involved over 2,000 U.S. Georgia Rose 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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Plaintiff Files Class Action FDCPA, HIPAA Suit Against Hospital, Collection Law Firm

Account Recovery

A hospital and the collection law firm it uses have removed a class-action lawsuit filed against them to federal court in New Jersey, after they were accused of violating the Fair Debt Collection Practices Act and the Health Insurance Portability and Accountability Act by including the plaintiff’s health insurance policy number on documents in a … The post Plaintiff Files Class Action FDCPA, HIPAA Suit Against Hospital, Collection Law Firm appeared first on AccountsRecovery.net.

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CFPB Sues TransUnion, Former Exec, for Violating Consent Order

Account Recovery

If you drew a Venn diagram of two circles, and used recent comments and announcements from the Consumer Financial Protection Bureau to fill them in, you would have one circle that was labeled “credit reporting agencies” and one circle that was labeled “repeat offenders.” Those are the two targets that the Bureau has put in … The post CFPB Sues TransUnion, Former Exec, for Violating Consent Order appeared first on AccountsRecovery.net.

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Which Rental Car Company Usually Has the Lowest Prices?

Nerd Wallet

Most travelers know that Spirit Airlines is a low-cost airline. They’re likely aware that a Four Seasons is almost always more expensive than a Motel 6. But when it comes to rental car companies, which one usually has the lowest prices? Is Thrifty all that thrifty? Will Budget best help you stick to your budget? Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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DCM Services Appoints Michael Rosenthal as CEO and Tim Bauer as a New Member of the Board of Directors

Account Recovery

Minneapolis, MN, April 11, 2022 – DCM Services, Inc. (“DCMS”), a portfolio company of NMS Capital (“NMS”) announced today that Michael Rosenthal has been appointed CEO, and former CEO, Tim Bauer, has been appointed to the DCMS Board of Directors. These new appointments support the company’s vision for continued excellence and growth. Bauer commented on … The post DCM Services Appoints Michael Rosenthal as CEO and Tim Bauer as a New Member of the Board of Directors appeared first on Account

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The Logic of Booking Air Travel Has Changed

Nerd Wallet

Let’s say you Rip-Van-Winkled through the last two years. What about the travel industry would surprise you most? The fact that travel credit cards now offer few travel benefits? Or that the Federal Aviation Administration has developed an “Unruly Passenger Toolkit” that includes — this is real — an official suite of memes? A government-endorsed. Sam Kemmis 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 – April 13. CFPB Sues TransUnion, Former Executive; State Court Judge Grants Motion to Compel Arbitration in FDCPA Case

Account Recovery

CFPB SUES TRANSUNION, FORMER EXECUTIVE FOR VIOLATING CONSENT ORDER If you drew a Venn diagram of two circles, and used recent comments and announcements from the Consumer Financial Protection Bureau to fill them in, you would have one circle that was labeled “credit reporting agencies” and one circle that was labeled “repeat offenders.” Those are … The post Daily Digest – April 13.

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Life Insurance Favors Young Adults, But They Have Hesitations

Nerd Wallet

Young adults have an upper hand when buying life insurance — they typically qualify for low-cost coverage due to their long life expectancies. But despite this advantage, a new survey by NerdWallet shows that younger generations are more likely than their elders to have hesitations about buying coverage. Sarah Fitch, a 23-year-old communication specialist in.

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Some clothing retailers make more than half their income from their overpriced credit cards

Public Citizen

The Conversation has an interesting piece titled S tore credit cards generate corporate profits and disgruntled workers , by a pair of sociology professors, Joya Misra and Kyla Walters. Excerpt: Major apparel companies also sell credit, often with very high fees, like  The Gap’s  21.7% starting interest rate, and US$27 to $37 late payment charge.

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IHG Introduces New Elite Benefits, Renames Loyalty Program

Nerd Wallet

In early 2022, IHG emailed members with teasers about new changes coming to its loyalty program. On April 13, 2022, IHG finally unveiled these new upcoming elite benefits. Along with revamped earning rates and benefits comes a new loyalty program name: IHG One Rewards. Elite members can start enjoying higher earning rates today. Other benefits. JT Genter 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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North East England Businesses facing late payment crisis

UK debt collections

The scale of the SME late payment crisis facing North Eastern English firms has been highlighted by new reports. Latest figures show that North East based companies have almost 670,000 invoices on their books that had gone past their payment deadline without being settled in February. The figures from insolvency business R3 come along side data which shows that, at the same time, more than 38,000 regional businesses had overdue and unpaid invoices.

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Inspect That Used Car You Bought Sight Unseen

Nerd Wallet

The used car you bought online has already been inspected — by the seller. Now that the car is at your front door, you’re wondering if you should have it inspected yourself. The answer is yes. Online car buying sites such as Carvana, Shift and Vroom ask shoppers to sign on the dotted line without. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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New Virginia Law Permits Banks to Provide Virtual Currency Custody Services

Troutman Sanders

On April 11, Virginia enacted a new law ( HB 263 ), which goes into effect on July 1, 2022, permitting “banks” to provide customers with “virtual currency custody services so long as the bank has adequate protocols in place to effectively manage risks and comply with applicable laws.” The law, in a first for Virginia, defines “virtual currency” as “an electronic representation of value intended to be used as a medium of exchange, unit of value, or store of value,” which “does not exist in a phys

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New Bread Cashback AmEx Credit Card: 2% Back on Everything

Nerd Wallet

Financial services company Bread Financial is launching a new credit card that’s joining the list of cards that earn 2% cash back on everything. The Bread Cashback American Express Credit Card earns that coveted 2% cash back on all purchases, with no cap on the amount of rewards you can earn. The annual fee is. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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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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New York Department of Financial Services to Start Charging Assessments to Virtual Currency Businesses

Troutman Sanders

The fiscal year 2022-2023 budget for New York , which takes effect in two months, includes requiring the New York Department of Financial Services (NYDFS) to charge a new “assessment” to all virtual currency businesses licensed in New York in order to “defray operating expenses.”. The legislation, signed by New York Governor Kathy Hochul on April 9, requires NYDFS to charge the crypto companies it licenses for the operating expenses and supervisory costs associated with their regulation through

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Pros and Cons of Oneworld Alliance

Nerd Wallet

An airline elite status program offers plenty of perks when you travel with its airline. But how about when you’re flying on partner airlines? To continue to reward frequent flyers when traveling around the globe, airlines banded together to form alliances starting in the late 1990s. International travelers have three major alliances to choose from: JT Genter writes for NerdWallet.

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Deep Dive into Distribution of the FICO® Score Across the US

Fico Collections

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by the COVID-19 pandemic began in earnest. While the pandemic resulted in economic hardship for many people, it also changed the credit behavior and average credit score of millions of consumers and led to the deployment of payment accommodations offered by lenders to help impacted, creditworthiness customers with

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New Florida Rule Authorizes Immediate Appeal of Orders Permitting Punitive Damages

Jimerson Firm

On January 6, 2022, the Supreme Court of Florida adopted an amendment to Rule 9.130, Florida Rules of Appellate Procedure, authorizing the immediate appeal of nonfinal orders that grant (or deny) a plaintiff’s motion for leave to amend its complaint to assert a claim for punitive damages. This new rule takes effect on April 1, 2022. What Are Punitive Damages?

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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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US Wholesale Inflation Rose at Fastest Pace Ever Recorded in March

NACM

Supplier prices rose 11.2% from a year ago in March, according to data released today by the Bureau of Labor Statistics. Food and energy played a massive role in rising inflation. If you exclude more volatile food and energy prices, the core Producer Price Index (PPI) rose 0.9% on a monthly basis, nearly double the 0.5% estimate."These numbers are.

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Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market

Fico Collections

The pandemic payments trade-off . Contactless payments have rocketed as the risk of spreading disease by touching money and payment terminals saw the world's consumers adopt a 'no-touch', socially distanced approach to transacting. In 2020, the World Health Organisation released its advice, urging a switch to contactless to slow the spread of Covid-19.

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