Mon.Oct 18, 2021

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Buy Now, Pay Later Isn’t Bad — But Be Careful

Nerd Wallet

Those cheesy TV infomercials promising “three easy payments of $19.99” were quite ahead of their time. Though calling a toll-free number to buy as-seen-on-TV items is no longer in style, the idea of paying in installments remains popular thanks to a booming marketplace of buy now, pay later services.

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The End of Student Loan Forbearance Will Be Tougher on Women

Nerd Wallet

Now, after a second year of juggling increased caregiving duties, over a million women have had to drop out of the workforce as a new/old problem looms: the restart of federal student loan payments. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski.

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Roundtable: Exploring 4 Years of Technology Trends in the Credit Industry

On Guard

For those who are unfamiliar, the Fintech Barometer is an extensive annual survey where financial professionals answer questions about payment behaviour, the application of fintech and which technologies they expect to see a lot. Additionally, the pace at which technology is managed to be embraced by organisations is discussed. ?.

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Can you keep your car if you file for bankruptcy?

Roths Child Law

Then there's Chapter 13 bankruptcy, which allows you to hold on to most of what you have provided you create a repayment plan and make timely payments to your debtors. . There's Chapter 7 bankruptcy, which involves the liquidation of some of your assets. Many people are worried that they might lose everything when they file for bankruptcy.

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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CSA asks Ofgem for clarity on regulation of energy suppliers falling into administration

CSA

Transfer processes need to give sufficient information about customer circumstances as there are wider considerations that could affect forbearance, such as entitlement to benefits including the Warm Homes Discount and for those on pre-payment meters.

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Court Delays CFPB Payday Rule While Industry Challenge Continues

Collection Industry News

Payday lenders won a bid to delay a Consumer Financial Protection Bureau rule limiting their access to customers’ bank accounts to collect payments. Source: site.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST