Fri.Sep 17, 2021

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Daily Digest – September 17. Judge Grants MTD in Case Over Allegedly Insufficient Validation Information; How Pandemic Affected Debt Burdens

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGEDLY INSUFFICIENT VALIDATION INFORMATION There is no doubt that consumers are often confused by the information that is sent to them by debt collectors. It is the very reason why courts have instituted the least sophisticated consumer standard, a lens through which judges can determine whether even the … The post Daily Digest – September 17.

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Best Practices for Creating a Business Credit Policy

Enterprise Recovery

Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients. By setting up clients in this way, along with the implementation of a credit policy, your accounts receivable department can be more successful, cash flow is boosted and the risk of non-paying clients is reduced. Here are best practices for creating a business credit policy.

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TrueAccord Launches Retain, a Digital-First Solution for Early-Stage Collections

Account Recovery

Lenexa, KS – Sept. 16, 2021 – TrueAccord Corporation, which offers intelligent digital recovery and communication products and services, today launched Retain, a new, client-branded product that addresses early-stage collection challenges for lenders and other organizations with customers with past-due delinquent accounts. Using the company’s patented, machine learning-based and self-optimizing decision engine, Retain uses engagement … The post TrueAccord Launches Retain, a Dig

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E-Commerce Business Insurance: Coverage Options and How to Get It

Nerd Wallet

To protect your e-commerce business from potential lawsuits, accidents and disasters, you’ll likely need multiple types of business insurance. Most online stores should have general liability insurance and product liability insurance to protect against some of the most common risks e-commerce retailers face, such as customer injury and property damage.

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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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Doctor Pleads Guilty to Multi-Million Dollar Fraud That Included Suing Patients With Unpaid Debts

Account Recovery

It’s one thing to defraud healthcare insurers and Medicaid for millions of dollars, and to “loot” hundreds of thousands of dollars from banks under the Paycheck Protection Program, but did the guy have to initiate debt collection proceedings against the patients he was bilking, too? In for a penny, in for a pound, I guess, … The post Doctor Pleads Guilty to Multi-Million Dollar Fraud That Included Suing Patients With Unpaid Debts appeared first on AccountsRecovery.net.

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How Pandemic Affected Debt Burdens, State by State and County by County

Account Recovery

Even though many collection agencies have reported higher-than-expected payment rates during the 18 months of the COVID-19 pandemic, the number of individuals with a debt in collection largely remained unchanged across the country, according to data released last week. The number of individuals with a debt in collection decreased in 31 states, but the decrease … The post How Pandemic Affected Debt Burdens, State by State and County by County appeared first on AccountsRecovery.net.

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10 Steps to Start an Online Business

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Everyone can start an online business. No massive bank balance, college degree, or extensive work experience is necessary. All that’s required is an excellent idea, the right systems, and the motivation to become financially independent.

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Judge Grants MTD in FDCPA Case Over Allegedly Insufficient Validation Information

Account Recovery

There is no doubt that consumers are often confused by the information that is sent to them by debt collectors. It is the very reason why courts have instituted the least sophisticated consumer standard, a lens through which judges can determine whether even the village idiot would understand what is being shared with him or … The post Judge Grants MTD in FDCPA Case Over Allegedly Insufficient Validation Information appeared first on AccountsRecovery.net.

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Do Marriott Points Expire?

Nerd Wallet

Just like a can of beans in your pantry, Marriott Bonvoy points have a shelf life. Your points won’t expire overnight, but they aren’t going to be in your account forever unless you keep your account active and in good standing. Due to COVID-19, Marriott has paused points expiration until March 31, 2022. Following that. Anya Kartashova 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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Six Ways Credit Risk Could Explode in the Post-Pandemic Economy

Direct Recovery

As we struggle to make our way back from the collection of hardships that we have all had to endure over the past 18 months, there is no denying that we are returning to a world that is much different than the one we shut down in March of 2020. One of the most overlooked differences that we will encounter in the post-pandemic economy is an elevated amount of credit risk across the board for both companies and individual consumers.

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How to Change a Delta Air Lines Flight

Nerd Wallet

Due to the COVID-19 pandemic, it’s hard to make concrete plans since things are constantly evolving and customers and airlines alike are changing schedules and travel itineraries. In this step-by-step guide, we’ll show how to change Delta Air Lines flight bookings and explain everything else you need to know. Delta, like many other airlines, has. Bethany Walsh writes for NerdWallet.

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Birmingham Medical News: Training Against Cyber-Attacks

Burr Forman

Reprinted with permission from the Birmingham Medical News. This article originally appeared in the September 2021 issue of the Birmingham Medical News. The COVID-19 pandemic over the past 18 months has impacted almost every area of our pre-COVID, “normal’’ lives—working from home, a demand on toilet paper, and a decline in the workforce, just to name a few.

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Capital One Launches New Store Cards for Williams Sonoma, Pottery Barn, Others

Nerd Wallet

Capital One has announced new co-branded credit cards for a family of seven retailers, including the Williams Sonoma and Pottery Barn brands. The cards offer big rewards on spending with those retailers, as well as impressive reward rates on spending at grocery stores and restaurants. Together, the loyalty rewards fall under The Key Rewards Credit. Gregory Karp 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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What is a SIPP Account and How to Create One?

TAMSEY

A self-invested personal pension, or SIPP, is a tax-efficient retirement savings account or retirement plan offered to taxpayers in the United Kingdom. Moreover, SIPP members defer a portion of pre-tax income where they can invest in stocks and shares, gifts &bonds, and ETFs in a tax-advantaged way amongst other approved assets. SIPPs were introduced in 1989 and have become gradually popular in Great Britain because of the end of lifetime careers and pensions.

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Orchard Real Estate: What to Know

Nerd Wallet

Orchard is relatively young, having launched in 2017 under the name Perch before rebranding as Orchard in 2020. Operating in 10 markets throughout six states, this power buyer offers attractive incentives that differentiate it from other iBuyers. While many iBuyers focus on home sellers, Orchard is one of a few that also guides clients through. Taylor Getler writes for NerdWallet.

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Proof That an External Debt Collection Agency Really Works

Taurus Collect

External debt collection benefits businesses for numerous reasons. Collecting debt is an unfortunate (but often necessary) part of doing business, and not dealing with it can prove very costly. So, why is an external debt collection agency better for businesses? Read on to find out. External Debt Collection for Businesses. Regardless of your business’s niche, it’s unlikely that you have the time and resources to handle debt collection.

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Heartland Payment Systems Review 2021: Features, Top Alternatives

Nerd Wallet

Heartland Payment Systems offers a variety of services that can let small businesses accept credit and debit cards, online payments, contactless payments and other kinds of payments. The company also has several add-on financial services, such as payroll, that can help small businesses manage and expand their payment options. Due to the company’s selection of.

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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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Season 2: Episode 6: 2020-2021 Supreme Court Term

PBWT

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