Tue.Aug 03, 2021

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TrueAccord Announces Organizational Changes to Executive Leadership Team

Account Recovery

Lenexa, KS – August 3, 2021 – TrueAccord Corporation, a debt collection company offering digital-first and consumer-centric solutions for resolving debts, today announced changes to its executive leadership team to support a planned expansion of products and services. The changes include Sheila Monroe, who previously served as CEO, moving to a new role as chief … The post TrueAccord Announces Organizational Changes to Executive Leadership Team appeared first on AccountsRecovery

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Don’t make these 5 mistakes when trying to collect money

American Profit Recovery

Your company has done the work, you feel like the client or customer was satisfied with what you’ve done, and you’ve done your part and sent an invoice for the work provided. Most of the time, you see a check in the mail, or they arrange for other types of payments such as a credit card. Other times, it feels like an endless waiting game to get some clients to pay.

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What Happens Next?

Account Recovery

While the debate over when Regulation F is going to go into effect may be over for now, the announcement from the Consumer Financial Protection Bureau may have just been the closing of one chapter and the opening of another in the saga over regulating debt collection in the United States. For anyone who read … The post What Happens Next? appeared first on AccountsRecovery.net.

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TSA PreCheck vs. Clear: Which Is Better?

Nerd Wallet

TSA PreCheck and Clear can both get you through airport security faster. But which is better? Here’s a look at the benefits, requirements and price of TSA PreCheck versus Clear to help you decide which will work best for you — and even whether you should get both. Plus, learn all the ways you can. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Daily Digest – August 3. Judge Grants MSJ for Defendant in FDCPA Vicarious Liability Case; N.M. Announces Phased Restart to Garnishments

Account Recovery

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA VICARIOUS LIABILITY CASE Vicarious liability became a bit of a hot topic within the context of Fair Debt Collection Practices Act cases recently following a District Court ruling that held a debt buyer liable for the actions of a debt collector working its accounts, but a District Court … The post Daily Digest – August 3.

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Judge Grants MSJ For Defendant in FDCPA Vicarious Liability Case

Account Recovery

Vicarious liability became a bit of a hot topic within the context of Fair Debt Collection Practices Act cases recently following a District Court ruling that held a debt buyer liable for the actions of a debt collector working its accounts, but a District Court judge in Alabama has now determined that a debt buyer … The post Judge Grants MSJ For Defendant in FDCPA Vicarious Liability Case appeared first on AccountsRecovery.net.

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First-Time Home Buyers Grappled With Sparse Supply, Soaring Prices in Q2

Nerd Wallet

It’s unsettling when skyrocketing home prices and a meager supply of listings are so prevalent you come to expect — and accept — them with resignation. In the second quarter, once again, buying a home was increasingly difficult, especially for first-time home buyers. Before a pandemic upended the housing market last year, inventory was already. Elizabeth Renter writes for NerdWallet.

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Local Governments Scrambling to Protect Residents as Moratoriums End; N.M. Announces Phased Restart to Garnishments

Account Recovery

Local governments began scrambling yesterday to try and implement protections for consumers who might be facing eviction or foreclosure as moratoriums that were put into place at the start of the COVID-19 pandemic are now expiring. The protections that are being put into place in some areas are affecting collectors and debt buyers, who need … The post Local Governments Scrambling to Protect Residents as Moratoriums End; N.M.

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Average Car Loan Interest Rates by Credit Score

Nerd Wallet

If you’re in the market for a new or new-to-you vehicle, average car loan interest rates by credit score may give you an idea of what rate to expect from a lender. Auto loan rates are provided as an annual percentage rate, or APR, and are based on several factors, such as your income and. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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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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Credit Control, LLC Announces Senior Vice President of Sales

Account Recovery

St. Louis, MO August 2nd – Credit Control, LLC (“Credit Control”) is proud to announce that Paul Kaloustian has joined the company as Senior Vice President – Sales. Paul joins an established team of Executives and will assist in managing existing client relationships, provide a consultative approach to business development, and focus on expanding our … The post Credit Control, LLC Announces Senior Vice President of Sales appeared first on AccountsRecovery.net.

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UK sees worrying surge in Business insolvencies

UK debt collections

Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020. There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997).

Trade 101
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Lawsuits, CFPB Complaints Jump in June: WebRecon

Account Recovery

Consumers were in the mood to complain and sue in June, according to data released recently by WebRecon. The number of complaints filed by individuals with the Consumer Financial Protection Bureau and the number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act … The post Lawsuits, CFPB Complaints Jump in June: WebRecon appeared first on AccountsRecovery.net.

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Buyers’ Rights During the Inspection Period When Purchasing a Condominium

Jimerson Firm

In the wake of the collapse of the Champlain Towers South in Surfside, Florida, many buyers looking to purchase condos for either their primary residence, a second home, or as an investment property have paused to consider whether the unit being purchased is structurally sound. Such a pause will likely cause a corresponding temporary dip in condo sales throughout the state of Florida in what has otherwise been an historically hot real estate market.

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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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TrueAccord Announces Organizational Changes to Executive Leadership Team

True Accord

Digital-first debt collection fintech readies for continued B2B and B2C expansion with strategic leadership reorganization. TrueAccord Corporation, a debt collection company offering digital-first and consumer-centric solutions for resolving debts, today announced changes to its executive leadership team to support a planned expansion of products and services.

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4 Airline Fees to Watch Out For

Nerd Wallet

When you’re shopping for flights, the price you see in the online travel search engines may not be the total cost of the flight you can expect to pay. Airline fees can increase the price significantly. In some cases, these extra fees can even exceed the original price of your ticket. Here are some of. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.

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A2P SMS Guide: FLOW Delivery Via SMS Texting Service

PDC Flow

Using text messaging for your business is an excellent way to reach consumers through one of the communication channels they most prefer. As a vendor, it is our responsibility to provide you with convenient options to communicate with your consumers (like with our SMS texting service) while also keeping up with the latest regulations and rules. That’s why we are announcing some significant changes to the way we offer SMS delivery using our FLOW Technology.

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How Long Does a Speeding Ticket Stay on Your Record?

Nerd Wallet

A speeding ticket will typically stay on your record for three to five years. The exact time frame varies depending on the state you live in and how fast you were going over the speed limit. » MORE: What to do when you get a speeding ticket For instance, a ticket for driving 16 mph. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com. The article How Long Does a Speeding Ticket Stay on Your Record?

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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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The Best Loans for People with Bad Credit

Better Credit Blog

Having a bad credit score can make it difficult to get a loan. “Banks, credit unions, and financial institutions use credit scores and other factors of your credit history to determine the borrower’s ability to repay the loan,” says David Haas, co-founder of PowerPay , a financial technology company that provides loans for home improvement projects. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how

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The 8 Best Squarespace Alternatives

Nerd Wallet

Choosing a web host for your business — whether it’s Squarespace or a Squarespace alternative — should be a decision that’s specially tailored to your unique enterprise, rather than just going with the service offering the most features for the lowest price. This detailed guide covers eight of the top Squarespace alternatives, so you’ll have. Christine Aebischer writes for NerdWallet.

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ADA Title III Website Accessibility Lawsuits On The Rise

Burr Forman

The number of ADA Title III lawsuits filed against businesses nationwide continues to increase. In 2020 alone, approximately 11,000 ADA Title III lawsuits were filed in federal courts. While ADA Title III lawsuits have traditionally focused on physical accessibility elements (handicap parking, restroom accessibility, etc.), websites are now a prime target for accessibility claims.

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The Best Loans for People with Bad Credit

Better Credit Blog

Having a bad credit score can make it difficult to get a loan. “Banks, credit unions, and financial institutions use credit scores and other factors of your credit history to determine the borrower’s ability to repay the loan,” says David Haas, co-founder of PowerPay , a financial technology company that provides loans for home improvement projects. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how

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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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Five Arguments For/Against Accepting Crypto Payments for Outstanding Debts

Direct Recovery

There is no shortage of people who are eager to tell you that cryptocurrency is the future and then go on for hours about the benefits of decentralized finance. And they’re not wrong. However, these people often miss the much more nuanced debate about whether or not regular businesses should bother to figure out the details of accepting payment in various cryptocurrencies.

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FLOW Delivery Via SMS Texting Service: Important Updates

PDC Flow

Using text messaging for your business is an excellent way to reach consumers through one of the communication channels they most prefer. As a vendor, it is our responsibility to provide you with convenient options to communicate with your consumers (like with our SMS texting service) while also keeping up with the latest regulations and rules. That’s why we are announcing some significant changes to the way we offer SMS delivery using our FLOW Technology.

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India Vincent and Robert Given Discuss Manufacturer Cybersecurity in Risk & Insurance Magazine

Burr Forman

India Vincent and Robert Given were quoted in the August 2021 issue of Risk & Insurance discussing cybersecurity protection for businesses in the manufacturing sector. With attacks this year growing more costly and widespread in 2021, Vincent and Given highlighted the importance of proactive protective measures and cyber insurance to mitigate risk when there is a breach.

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Scoring Conference is a Showcase for FICO Analytic Innovations

Fico Collections

The annual Credit Scoring and Credit Control Conference is regarded as Europe’s premier showcase for anyone working at the forefront of credit, AI, machine learning, scoring and all the related areas of data science. This year's four-day programme takes place between August 24 and 27. It's nominally slated as an Edinburgh event. But as with most live public speaking opportunities at the moment, there are no delegates, face-to-face sessions, or any regular workshops.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.