Account Recovery

JULY 30, 2021

The Consumer Financial Protection Bureau announced today that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. “The CFPB has now determined that such an extension is unnecessary,” it said in a press release. “Following this announcement, the CFPB … The post CFPB Announces Nov. 30 Effective Date For Regulation F appeared first on AccountsRecovery.net.

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Enterprise Recovery

JULY 30, 2021

If you've been putting off the headache of collections, you've likely also been asking, "how can I improve my cash flow?" The two go hand-in-hand. When you're not following up on invoices that are getting older, your chances of collecting on them go down. That means you're working for no pay and that's no good. Instead, use these B2B collections steps to convert aging receivables and improve cash flow.

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Account Recovery

JULY 30, 2021

A District Court judge in Washington has mostly denied a defendant’s motion to dismiss — she did grant it on one count of the claim — in a Fair Debt Collection Practices Act case in which the debt collector was accused of attempting to collect a debt that the plaintiff claimed she did not owe. … The post WDWA Judge Partially Denies MTD in FDCPA Case Over Amount of Debt appeared first on AccountsRecovery.net.

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American Profit Recovery

JULY 30, 2021

We are often asked the question of whether working in the collection industry is a smart career choice. Our answer is simple, and it is an affirmative yes! And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

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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 30, 2021

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the pandemic. Most Attendees Want Employees … The post Remote Work, SB248 Lawsuit, and More Discussed During Day 2 of ACA’s Convention appeared first on Accou

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Account Recovery

JULY 30, 2021

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and … The post Daily Digest – July 30.

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Nerd Wallet

JULY 30, 2021

Soil, sun, water and seed: The ingredients of a garden are simple, but the final product is never guaranteed. Willing a plot of land into a vibrant state of bloom takes intention, know-how and no small amount of trial and error. Like many people staying at home, I spent much of the past year tending. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com.

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Account Recovery

JULY 30, 2021

Debexpert, an online platform for buying and selling NPLs (Non-Performing Loans), has launched the world’s first mobile app for debt portfolio sellers. The Debexpert app, which is available for Android and iOS mobile devices, implements the basic functionality of the online auction familiar to users of the desktop version. Now, you can monitor and take … The post Debexpert Launches the World’s First Mobile App for Delinquent Debt Sellers appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 30, 2021

Flying in the front of the plane in either business or first class can often be an amazing experience that supersedes anything you experienced as an economy flyer. That said, the tickets are nearly always more expensive, regardless if you’re paying in points/miles or cash. Two of our travel writers have different thoughts on when. Elina Geller writes for NerdWallet.

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Advertisement

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.

Collections

Account Recovery

JULY 30, 2021

BURLINGTON, Mass. (July 28, 2021) – Ontario Systems, a leading provider of enterprise software that automates complex workflows, accelerates revenue recovery, and removes friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets, today announced a strategic partnership with RevSpring, a leader in financial communications and payments solutions.

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Nerd Wallet

JULY 30, 2021

Both Sage 50cloud and QuickBooks Online are powerful accounting solutions for most small businesses. Even so, there are a few factors worth considering so you can feel confident about your decision now and down the road. QuickBooks Online is the stronger candidate for business owners who prioritize scalability and the ability to easily loop in. Tina Orem writes for NerdWallet.

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Credit Corp

JULY 30, 2021

This article originally appeared on The Financially Independent Millennial and was republished with permission. When consumers purchase a car, there are several things to think about. While the primary process has been handled entirely with test drives and dealerships or private sellers, it’s up to you to continue further down the checklist to get the most out of a used car.

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Nerd Wallet

JULY 30, 2021

When you open your home to a pet, you commit to a never-ending price tag. But for many, the benefits of owning that scaly, furry or feathered family member outweigh the hard work and responsibilities involved. Whether you’re budgeting for routine purchases like food and grooming, or preparing for an unexpected expense at the vet, Melissa Lambarena writes for NerdWallet.

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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 Corp

JULY 30, 2021

This article originally appeared on Parent Portfolio and has been republished here with permission. Call me “ The Penny Hunter.”. Well, that’s the name my husband teases and calls me. And, he’s right. I look for every penny, nickel, or dime when I balance our books. One time, I followed up with a friend to make sure they got my payment because the amount never cleared from my bank account.

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Nerd Wallet

JULY 30, 2021

Southwest Airlines has a legion of fans because of its low fares and simple loyalty program. Southwest Rapid Rewards members can earn points by flying, spending on co-branded credit cards, shopping online and more. Points are most notably redeemable for any Southwest flight that has a seat available. Here’s a look at the pros and. Lee Huffman writes for NerdWallet.

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Public Citizen

JULY 30, 2021

The Consumer Financial Protection Bureau has created this web page describing a variety of programs and strategies for financial protection during the pandemic.

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Nerd Wallet

JULY 30, 2021

Real estate agents make money from commissions on home sales. Understanding how your agent is paid is an important part of the home buying and selling process. » MORE: How to find the right real estate agent for you Average real estate agent commission The typical real estate agent commission is 5% to 6% of. Barbara Marquand writes for NerdWallet. Email: bmarquand@nerdwallet.com.

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Advertisement

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.

Collections

Fico Collections

JULY 30, 2021

Artificial intelligence is today’s hottest technology—and how companies create and use unbiased AI should be a topic near the top of Boards of Directors’ agendas. AI is a Board-level issue because this technology makes decisions that profoundly affect all customers, in ways that can be positive or negative. This blog captures the extended conversation around “ Diversity and Governance: AI Breaks into the Boardroom, ” FICO’s recent LinkedIn Live broadcast featuring Dr.

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Troutman Sanders

JULY 30, 2021

August 26, 2021. 3:30 – 4:30 p.m. ET. In the past year, the tenant screening industry has received renewed focus from both plaintiffs’ counsel and government regulators. This focus has taken the form of multiple class action lawsuits, slews of individual cases, and regulatory guidance and enforcement. This webinar will explore some of the recent developments on these fronts involving tenant screening companies, while providing practical advice on how to navigate this ever-changing landscape.

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JMA

JULY 30, 2021

Thinking that debts can wait is foolish — any smart business person can tell you that the aging debts can affect your business in more ways than one. Here’s why waiting to follow up on payments can backfire and ultimately cost you. Invoices and Deadlines Getting paid on time affects your cash flow positively. You. Read more » The post Why It Is Important To Recover Debt Inside 90 Days appeared first on JMA Credit Control.

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Troutman Sanders

JULY 30, 2021

In Burns v. Keybridge Med. Revenue Care , No. 2:20-cv-12732 (E.D. Mich. July 22, 2021), the Eastern District of Michigan granted summary judgment in favor of a debt collector, holding that it did not violate the Fair Debt Collections Practices Act (FDCPA) by failing to report that the plaintiff disputed the debt at issue. The facts of the case are as follows: defendant Keybridge Medical Revenue Care (Keybridge) obtained a debt of $40.00 to collect from plaintiff, Florence Burns (Burns).

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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.

Public Citizen

JULY 30, 2021

FTC Sends Nearly $2.3 Million in Refunds to People who Lost Money to Credit Card Debt Relief Schemes ( July 29).

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Troutman Sanders

JULY 30, 2021

In In re FDCPA Mailing Vendor Cases , a New York district court dismissed six FDCPA complaints after plaintiffs in each of the respective cases failed to demonstrate injury-in-fact sufficient for Article III standing in response to show cause orders. The court’s holding shows the potential impact of the TransUnion v. Ramirez decision and standing law’s interaction with the 11 th Circuit’s Hunstein v.

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Account Recovery

JULY 30, 2021

Senate Republicans are continuing to try and get answers about whether the leadership of the Consumer Financial Protection Bureau potentially violated civil service protections by trying to get career employees at the Bureau to resign so that they could be replaced by “handpicked loyalists.” After not getting any answers from Rohit Chopra, who has been … The post Senate Republicans Still Seeking Answers About Report That Administration Tried to Replace Employees at CFPB appeare

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