Account Recovery

JULY 14, 2021

Companies in the accounts receivable management industry can add “irritation,” “concern,” “feeling targeted,” and “hustled,” to the list of harms that do not create standing to sue in federal court when accusing a debt collector of violating the Fair Debt Collection Practices Act after a District Court judge in Ohio granted a defendant’s motion for … The post Judge Grants MSJ For Defendant in FDCPA Class Action For Lack of Standing appe

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Nerd Wallet

JULY 14, 2021

A lot has changed in the travel world since the pre-pandemic days of 2019. Even if it seems like your life is going back to normal — you’re back in the office, you’re going out sans mask and your social calendar is once again busy — the travel industry is far from normal. Almost everything. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Account Recovery

JULY 14, 2021

The Massachusetts Division of Banks — which regulates debt collectors in the Commonwealth — has formally authorized guidance that will allow for the “continued operation for personnel to operate remotely from non-licensed locations,” meaning that companies can have employees working remotely, including from their homes. The guidance was originally put into place in March 2020 … The post Mass.

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Nerd Wallet

JULY 14, 2021

Key takeaways: Gap insurance pays out when the amount left on your car loan or lease is greater than the value of your vehicle at the time it’s declared a total loss. Gap coverage is worth it only as long as you are leasing a car or if you owe more on a loan than. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com. The article What Is Gap Insurance?

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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

JULY 14, 2021

SENATE REPUBLICANS TELL CHOPRA HE SHOULD BE DISQUALIFIED FROM CFPB NOMINATION FOR REFUSAL TO ANSWER QUESTIONS Senate Republicans are calling for Rohit Chopra to be disqualified from consideration as the next Director of the Consumer Financial Protection Bureau after he refused to provide answers to questions that he was sent following the publication of a … The post Daily Digest – July 14.

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Account Recovery

JULY 14, 2021

Wenatchee, Washington. — Applied Innovation Inc. is proud to announce the celebration of our 20th year serving the Accounts Receivable Management industry in the U.S., Canada, and Australia. Formed in 2001, the organization was one of the first software development firms to introduce a high level client portal, Client Access Web, with unprecedented functionality and … The post Applied Innovation Celebrates Two Decades in the ARM Industry appeared first on AccountsRecovery.net.

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Sawin & Shea

JULY 14, 2021

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 trillion. It’s no surprise then that thousands of individuals with student loan debt end up turning to bankruptcy for help.

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Account Recovery

JULY 14, 2021

Joel Tucker was ordered to immediately begin serving a prison term of 12.5 years yesterday and ordered to pay more than $12 million in unpaid taxes, penalties, and interest after being sentenced by a federal judge after pleading guilty to selling fake debt portfolios that earned him more than $7 million. Tucker, the brother of … The post Joel Tucker Sentenced to 12 Years in Prison for Role in Debt Selling Scam appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 14, 2021

Oasis, a Paychex Company, is a professional employer organization, or PEO, that can bundle payroll, human resources, employee benefits and compliance services into one package. Unlike some payroll software products, Oasis matches business owners with a dedicated team of HR and payroll specialists. It also offers benefits packages that are on par with Fortune 500.

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Collections

Account Recovery

JULY 14, 2021

Senate Republicans are calling for Rohit Chopra to be disqualified from consideration as the next Director of the Consumer Financial Protection Bureau after he refused to provide answers to questions that he was sent following the publication of a report detailing how the Biden administration is attempting to “sideline” top officials at the regulator.

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Nerd Wallet

JULY 14, 2021

As concerts, vacations and social gatherings resume, it can be easy to overspend on summer fun, especially coming off of a year of quarantine. Creating a budget for summertime and beyond can help you keep track of your money, says certified financial planner Jason Dall’Acqua, president of Crest Wealth Advisors, based in Annapolis, Maryland. Dall’Acqua.

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On Guard

JULY 14, 2021

Amsterdam – Jasper Witte (34) has been appointed Business Development Executive at Visma | Onguard, effective July 1st, 2021. In this role, Jasper is responsible for expanding Visma | Onguard’s customer portfolio within the Benelux Union. Jasper has a background in the sports industry and made the move to the IT sector four years ago. Before that he worked as Senior Business Development Manager at Copernica, a company specialized in software for email marketing automation.

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Nerd Wallet

JULY 14, 2021

Setting up a payroll system for your small business may seem like a daunting task, but it can be broken down into small steps. Before you can hire an employee, you need to have some things in place, such as an Employer Identification Number, or EIN, and an employee handbook. Once you have these bases. Amrita Jayakumar writes for NerdWallet. Email: ajayakumar@nerdwallet.com.

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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

Credit Management Company

JULY 14, 2021

Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. We previously wrote about the recent changes from the FDCPA regarding contacting a person via email and text messages. Now the FDCPA is in the news again.

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Nerd Wallet

JULY 14, 2021

Remember weddings? They’re coming back, and so are the steep travel price tags. Wedding travel is a perfect storm of high-priced factors. For starters, weddings are almost always held on weekends, which is when everybody is trying to fly. They also fall on specific dates, which renders travel flexibility nearly impossible. And, of course, they’re. Sam Kemmis writes for NerdWallet.

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Troutman Sanders

JULY 14, 2021

In Heinz v. Carrington Mortgage Services LLC , the Eighth Circuit held that the mere inclusion of boilerplate disclosure language does not transform an otherwise benign informational communication into one meant to induce payment by the debtor under the “animating purpose” test, which makes a holistic consideration of an individual communication’s purpose to determine whether it implicates the protections of the FDCPA.

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Nerd Wallet

JULY 14, 2021

If your small business wants to accept payments, be they in-store or through your online store, you’ll need to select the best payment service provider (or a PSP) for your company’s needs. This PayJunction review covers everything you need to know about PSPs and dives into the details of PayJunction’s major features and pricing to. Brian O'Connor writes for NerdWallet.

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Collections

Payment Savvy

JULY 14, 2021

A smart business owner prepares for anything. Cash flow might take a dip, your website might experience issues, or you may find yourself without the ability to process payments. The first two scenarios are hard to control, but a redundancy plan for your high-risk merchant services is a must. The account prevents losses that will inevitably occur if you find yourself without payment processing out of the blue.

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On Guard

JULY 14, 2021

London, 14 th July 2021 – Despite a year of accelerated digital transformation within the industry, 21% of UK-based finance professionals remain concerned that the systems they use are unsuitable in assisting with the completion of tasks when working remotely. This is according to the annual FinTech Barometer 2021 conducted by Visma | Onguard, the fintech company dedicated to the order-to-cash process.

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Public Citizen

JULY 14, 2021

Americans for Financial Reform, the Public Interest Research Group, the Center for Responsible Lending, the National Consumer Law Center, the Consumer Federation of America, National Association of Consumer Advocates, New Jersey Citizen Action, the Woodstock Institute and the Leadership Conference on Civil & Human Rights is commemorating the 10th anniversary of the creation of the Consumer Financial Protection Bureau (CFPB).

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NACM

JULY 14, 2021

Business-to-business (B2B) spending continues to increase, which indicates that businesses are becoming more confident about the future economy, according to American Express Global Spend Indicator data released yesterday.Of the surveyed companies, 70% worldwide share an optimistic outlook for the next 12 months, the report finds.Companies are star.

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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.

Fico Collections

JULY 14, 2021

In today's environment, how do you transform your debt resolution function and create lasting success? Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has had tremendous resultswith digital collections using the FICO® Platform. In fact, Hoist Finance and FICO just won the Best Use of Technology category in the Credit Excellence Awards 2021.

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