Account Recovery
OCTOBER 29, 2021
While noting that several instances of a collection letter lacked clarity, a District Court judge in New Jersey nonetheless granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that even a least sophisticated consumer would be able to ascertain the identity of the original creditor and that disputes needed to … The post N.J.
Enterprise Recovery
OCTOBER 29, 2021
When entrepreneurs are growing a business, they may often use the phrase "wears many hats." Employees are often taking on many different tasks to remain agile on the path to profitability. As more employees are hired for specific duties, small teams develop. While these teams focus on the demands of their responsibilities, success is found when they continue to work together.
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Account Recovery
OCTOBER 29, 2021
A District Court judge in New York has denied a motion to dismiss a complaint filed against a collection “kingpin” and his family by the Consumer Financial Protection Bureau after they were sued for attempting to fraudulently transfer ownership of a $1.6 million house to keep it from being seized by the government in an … The post Judge Denies MTD in Case Against Collection ‘Kingpin’ For Attempting to Keep House From Being Seized appeared first on AccountsRecovery.n
American Profit Recovery
OCTOBER 29, 2021
Cash flow is king when it comes to sustaining your business long-term. And it doesn’t matter if you are running a small business or a nationwide organization, cash flow is the backbone of any size company. If you’re not paying close attention to the status of your cash flow, you could find your business with a financial challenge very quickly.
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
OCTOBER 29, 2021
Figuring out the interest rate on auto loans is a blurry process that may take factors other than the applicant’s creditworthiness into question and will likely lead to a spike in delinquency and default rates in the coming years as forbearance and deferment programs put in place for the COVID-19 pandemic expire, according to a … The post Report: Many Individuals ‘Overpaying’ for Their Car Loans appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 29, 2021
ELEVENTH CIRCUIT DOUBLES DOWN ON HUNSTEIN RULING The original panel from the Court of Appeals for the Eleventh Circuit that ruled in the Hunstein case issued a new opinion yesterday morning, vacating its earlier decision, but still ending up in the same place that the plaintiff had standing to sue, even in the wake of … The post Daily Digest – October 29.
Nerd Wallet
OCTOBER 29, 2021
There are some things no one wants to think about until they have to, like caregiving for your parents as they age and figuring out what happens to your finances when you die. But planning for these events now can spare you and your loved ones a lot of hassle later on. The first step. Amrita Jayakumar writes for NerdWallet. Email: ajayakumar@nerdwallet.com.
Receivables Control
OCTOBER 29, 2021
One of the most significant problems facing companies right now is staffing shortages. The ramifications of staffing shortages is seen in every industry across the economy. In our personal lives, we see the disruption every day in the retail sector when we encounter shortened hours, bare shelves, simplified menus, etc. In our professional lives, we see that companies are having a challenging time with their supply chains, causing further disturbances throughout the economy.
Nerd Wallet
OCTOBER 29, 2021
After a day of feasting on turkey and pumpkin pie, consumers have typically flocked to their local stores on Black Friday — the day after Thanksgiving — to find the best deals on gifts for the holiday season. Last year, the pandemic changed the way many people shopped. Adobe Analytics, which analyzes data from top. Amanda Barroso writes for NerdWallet.
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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.
Better Credit Blog
OCTOBER 29, 2021
The answer is yes and no. Lenders and credit card issuers carry out two types of checks on your credit. The first, a soft credit check, doesn’t impact your credit score at all. The second, a hard check, knocks a few points off your score every time. We’re going to walk you through soft and hard credit checks and what they mean for your credit score.
Nerd Wallet
OCTOBER 29, 2021
Regardless of whether you’re just starting to look into travel cards or already have a few under your belt, understanding how to compare travel credit cards can quickly get complicated. From cardholder benefits to annual fees, each card is unique. So how do you know which ones you should get? Let’s take a look at. Carissa Rawson writes for NerdWallet.
Troutman Sanders
OCTOBER 29, 2021
Data breaches and ransomware attacks are on the rise. On October 7, Oregon Attorney General Rosenblum announced an increase in data breaches reported to his office. The first nine months of 2021 involved 131 reported breaches, exceeding the 2020 total of 110. Financial Crimes Enforcement Network (FinCEN) also announced an increase in ransomware-related activities in the U.S. earlier this year.
Nerd Wallet
OCTOBER 29, 2021
Student loan debt could make it harder to buy a house, but it doesn’t make it impossible. When mortgage companies decide who gets approved for a home loan, they typically consider your debt obligations, credit rating and employment history. Student loan payments can have a negative impact on your debt-to-income ratio, or DTI, and how. Cecilia Clark writes for NerdWallet.
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?
Troutman Sanders
OCTOBER 29, 2021
On October 20, the New York Department of Financial Services (NYDFS) published a notice in the New York State Register announcing that it has issued a proposed regulation to implement S 5470-B , which requires disclosures for commercial financing transactions of $2.5 million or less under a commercial financing agreement. The notice allows for public comment for 60 days.
Nerd Wallet
OCTOBER 29, 2021
NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Katia Iervasi 2.5 NerdWallet rating Lincoln heritage life insuranceRated 2.5 out of 5 stars for overall performance in NerdWallet’s analysis. Specializes in final.
Troutman Sanders
OCTOBER 29, 2021
Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams announced at the October 25 Money 20/20 conference that the FDIC is currently working with the Federal Reserve and Office of the Comptroller of the Currency to develop a series of policy statements aimed at addressing engagement in activities involving cryptocurrency assets. Those policy statements are expected over the coming months.
Nerd Wallet
OCTOBER 29, 2021
If you’ve ever sold an asset like stock or real estate, it’s likely that you’ve had to report your cost basis for that asset when you filed your taxes. There are many factors that contribute to determining your cost basis, including the investment vehicle, the calculation method and how you acquired your asset. According to. Connor Emmert writes for NerdWallet.
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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.
CSA
OCTOBER 29, 2021
CSA Chief Executive Chris Leslie writes: ?The Chancellor?s Budget and Spending Review this week has by now been widely analysed ? but what impact will it have on the collections and debt purchase sector? There are clear operational consequences for firms in our industry as with any other; the decision to invest in skills (and positively more resources for apprenticeships and Kickstart ) and reforms to business rates are welcome.
Jimerson Firm
OCTOBER 29, 2021
Featured in the October 2021 Issue. Partner’s Perspective: Strategic Planning Tips for Peak Performance: Nobody Who Ever Gave Their Best Ever Regretted It. Jimerson Birr Hosts Panel on Protecting Your Business From a Ransomware Attack. Cast Your Vote: Jimerson Birr Nominated for a Reader’s Choice Award from Florida Community Association Journal.
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