Thu.Jan 27, 2022

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Getting to Know Alicia Sundstrom of Financial Credit Network

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Alicia Sundstrom

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The Mental Health Risks of Retiring

Nerd Wallet

The late Pamela Hixon of Leipsic, Ohio, was eager to retire from her job running a hospice agency. Soon after she quit, however, Hixon spiraled into depression and anxiety. She sought help from counselors and her pastor, but it wasn’t enough. Six months after retiring, she took her own life. “She lost purpose, she lost. Liz Weston writes for NerdWallet.

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Daily Digest – January 27. Getting to Know Alicia Sundstrom of Financial Credit Network; Judge Forced to Remand FDCPA Case Back to State Court

Account Recovery

GETTING TO KNOW ALICIA SUNDSTROM OF FINANCIAL CREDIT NETWORK Thirty-seven years. At the same company. Starting as an outside sales person and moving her way up to now owning the company. Alicia Sundstrom is exactly the kind of success story that makes the accounts receivable management company so unique and so special. The opportunity for … The post Daily Digest – January 27.

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Is My Condominium Subject to the Marketable Record Title Act?

Jimerson Firm

Chapter 712 of the Florida Statutes, commonly known as the Marketable Record Title Act (“MRTA”) was enacted in 1963 with the goal of simplifying the transfer of property by extinguishing certain covenants and restrictions after thirty years. This poses a challenge for homeowners’ and community associations as it can inhibit their ability to govern the community, collect dues, and enforce restrictions.

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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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CFPB Launches Crackdown on ‘Junk’ Fees

Account Recovery

The canary didn’t make it. Less than a week after publishing a blog post noting that consumers spend $120 billion annually on credit card interest and fees every year, the Consumer Financial Protection Bureau yesterday announced it had published a Request for Information on what it calls “exploitative junk” fees charged by banks and financial … The post CFPB Launches Crackdown on ‘Junk’ Fees appeared first on AccountsRecovery.net.

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Virginia AG Halves Fees Charged For Collecting Student Loan Debt

Account Recovery

The Attorney General of Virginia announced yesterday that it is reducing the fees it will charge when collecting on unpaid student loans for individuals who attended certain state colleges or universities. And the AG’s office is asking other colleges and universities to lower their collection fees, too. The intention behind the reduction is to lessen … The post Virginia AG Halves Fees Charged For Collecting Student Loan Debt appeared first on AccountsRecovery.net.

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10 of the Most Overhyped Credit Card Features

Nerd Wallet

To stand out in the highly competitive credit card market, issuers often load up their advertising with features and perks that sound impressive. But the truth is, some just aren’t. Take “zero fraud liability,” for example. This isn’t so much a feature as it is U.S. federal law. Essentially, all cards have it. Free credit. Gregory Karp writes for NerdWallet.

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Judge Forced to Remand FDCPA Case Back to State Court After Plaintiff Amends Complaint

Account Recovery

If you have read what the experts write regularly in the Compliance Digest and listened to what they say during webinars and podcasts, you’ll no doubt know that there is an interesting battle going on in courts across the country — whether being harmed by what’s in a collection letter or by what a collector … The post Judge Forced to Remand FDCPA Case Back to State Court After Plaintiff Amends Complaint appeared first on AccountsRecovery.net.

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Smart Money Podcast: Make a Plan to Achieve Your Dreams

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. But in this episode, we continue our series on financial dreams, with conversations with Nerds who have accomplished their financial dreams and interviews with outside guests about what they want to do with their money in 2022. Check out this episode on. Liz Weston 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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What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. No matter which side you’re on, chances are you have heard of the term “non-exempt property.” But do you know what this is or why it matters? If not, it is time to read on and get some answers!

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How Do Travel Credit Card Bonus Categories Work?

Nerd Wallet

If you’ve seen enough episodes of The Price Is Right or Wheel of Fortune, you probably think that vacations aren’t cheap, and rightfully so. The number of zeroes you see on your screen are enough to put you off of going overseas. However, a travel rewards credit card can reduce a trip’s price tag to. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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Florida Office of Financial Regulation Issues DeFi Advisory

Troutman Sanders

On January 25, the Florida Office of Financial Regulation (OFR) issued an investor advisory “to raise awareness about decentralized finance (DeFi), a relatively new blockchain-based group of financial services gaining popularity[.]” The OFR defines DeFi as “financial services provided by an algorithm on a blockchain, without a traditional financial services company.

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How to Earn and Use Marriott Suite Night Awards

Nerd Wallet

One of the perks of Marriott Bonvoy elite status is complimentary room upgrades on the day of arrival. However, sometimes there’s a special occasion where you want to give yourself a better chance of scoring an upgrade. Enter Marriott Suite Night Awards. Suite Night Awards are upgrade certificates that give Marriott elites the opportunity to. JT Genter 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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January Newsletter: If You Dislike Change, You’re Going to Hate Irrelevance

Jimerson Firm

Featured in the January 2022 Issue. Partner’s Perspective: If You Dislike Change, You’re Going to Hate Irrelevance. Jimerson Birr Ranked and Climbing Among Fastest Growing Law Firms. Attorney Kristian M. Gonzalez Joins Jimerson Birr. Blog Highlights. Curiosities, Ruminations and Various Eccentricities of Firm Biz. READ NEWSLETTER. The post January Newsletter: If You Dislike Change, You’re Going to Hate Irrelevance appeared first on Jimerson Birr.

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Interchange Fees: What Small Businesses Need to Know

Nerd Wallet

Every card swipe, dip and tap come at a cost to your business — and interchange fees are the largest expense. An interchange fee is a transaction fee a business must pay when a customer uses a card to purchase a product or service. There are other fees associated with card transactions, such as assessment fees, Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com.

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New Experian tool will let consumer create their own credit reports

Public Citizen

Experian is introducing a program that will allow consumers to create their own credit reports from scratch, the Wall Street Journal reports (subscription required). Fast Company explains: "The program, called Go, will involve customers linking 'recurring nondebt bills' (think cell phone payments, utility bills, or even bank accounts just generally) to provide the foundation on which to build a credit score.

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Amica Renters Insurance Review 2022

Nerd Wallet

With few consumer complaints, an easy-to-use website and mobile app and a wide array of coverage options, Amica renters insurance is worth considering. Best for: Those who want a renters insurance company that prioritizes consumer experience and customizable coverage options. Amica renters insurance pros and cons ProsCons Few customer complaints.Not as many discounts as some.

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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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Top 5 Customer Development Posts of 2021

Fico Collections

Managing risk and improving the customer experience during a pandemic presented credit professionals with new sets of challenges. The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm.

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