Account Recovery

APRIL 21, 2021

The Eleventh Circuit Court of Appeals has overturned a lower court’s ruling that a debt collector did not violate the Fair Debt Collection Practices Act when it sent an individual’s personal information to a letter vendor to have a collection letter sent to that person. The Appeals Court ruled that transmitting that information constituted a … The post Appeals Court Rules Sending Info to Letter Vendor Counts as Communication Under FDCPA appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Debt collector Collections 246

Enterprise Recovery

APRIL 21, 2021

You have an amazing software idea and you're ready to make some money with it. Have you figured out your product's niche market? Have a business plan already? Are you already getting feedback from customers? These are just a few questions to consider as you take your product to market and start enjoying that recurring revenue. Use this checklist when you're ready to launch and grow your SaaS startup!

Startups 219

Startups 219

Account Recovery

APRIL 21, 2021

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by not specifically mentioning in the validation notice that a dispute had to be filed in writing, because the plaintiff lacked standing to sue and failed to state a … The post Judge Grants MTD in FDCPA Case Over Dispute Notification in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Nerd Wallet

APRIL 21, 2021

When it debuted in 1998, PayPal was the first service that made electronic payments available to the masses. However, since then, many more businesses have launched as merchant services payment processors. There are a number of reasons why you might be looking for PayPal business account alternatives, including: You want a dedicated merchant account.

134

134

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

APRIL 21, 2021

A bill has been introduced in the Senate that seeks to “increase accountability” at the Consumer Financial Protection Bureau by aligning the pay of its employees with that of other employees working in the federal government. S.1227, The CFPB Pay Fairness Act of 2021 was introduced by Sen. John Kennedy [R-La.] and cosponsored by Sen. … The post Bill Introduced to Curb Salaries at CFPB appeared first on AccountsRecovery.net.

Government 237

Government 237

Account Recovery

APRIL 21, 2021

The Federal Communications Commission yesterday announced it has created a Robocall Mitigation Database, which voice service providers will be required to use as a means of certifying their efforts at mitigating robocalls from being connected to consumers’ phones. Starting September 28, phone companies will be forced to refuse traffic from voice service providers who are … The post FCC Launches Database to Detail Carriers’ Robocall Mitigation Efforts appeared first on AccountsR

236

236

Nerd Wallet

APRIL 21, 2021

The entirety of 2020 was brutal for most people, and the first few months of 2021 wasn’t exactly the panacea many hoped for. But now, you might’ve been lucky enough to snag a vaccination appointment — and may be feeling more confident. Old-Unvaccinated-You wouldn’t get on an airplane, even if airfare was dirt-cheap. New-Vaccinated-You is. Sally French writes for NerdWallet.

97

97

Account Recovery

APRIL 21, 2021

Artificial intelligence has become a big buzzword in the accounts receivable management industry during the past couple of years. Companies are using AI to help identify which accounts to contact and when to contact them and using algorithms to help them make more decisions and handle more collection inquiries. The Federal Trade Commission dropped another … The post FTC Issues Warning About Avoiding Racism When Using AI appeared first on AccountsRecovery.net.

Accounts Receivables Management 234

Accounts Receivables Management Trade Collections 234

Consumer Finance

APRIL 21, 2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.

Collections 96

Collections 96

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

APRIL 21, 2021

A District Court judge in Delaware has granted a plaintiff’s motion for reconsideration in a Telephone Consumer Protection Act case, ruling that the Supreme Court’s decision to invalidate the exception for using an automated telephone dialing system to collect on debts owed to the federal government means that companies that used that exception should be … The post Judge Grants Plaintiff’s Reconsideration Motion in TCPA Case Over Gov’t Debt Exception appeared first

Government 147

Government Collections 147

Nerd Wallet

APRIL 21, 2021

So, you want to be an entrepreneur and you’re looking for a small business for sale. Maybe you love the idea of being your own boss and growing a successful business, but one roadblock is keeping you from moving forward: You’re having trouble coming up with an actual business idea to execute on. Some entrepreneurs. Georgia McIntyre writes for NerdWallet.

90

90

Account Recovery

APRIL 21, 2021

JUDGE GRANTS MTD IN FDCPA CASE OVER DISPUTE NOTIFICATION IN LETTER A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by not specifically mentioning in the validation notice that a dispute had to be filed in writing, because … The post Daily Digest – April 21.

Fair Debt Collection 147

Fair Debt Collection Collections 147

Nerd Wallet

APRIL 21, 2021

As the setting for the 2021 season of ABC’s “The Bachelor,” Nemacolin is getting plenty of attention. Not only is it a beautiful destination with a variety of outdoor and indoor activities, but it’s also a member of Preferred Hotels & Resorts. The resort participates in the I Prefer program, where members can earn points. Ramsey Qubein writes for NerdWallet.

88

88

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

APRIL 21, 2021

This article originally appeared on Arrest Your Debt and has been republished with permission. Weekend jobs are an excellent way to make a little more (or a lot more) money depending on what you can do and how much time you have available. To help you figure out which job opportunities are right for you, which ones are available, and how to find the perfect weekend job, continue reading.

78

78

Nerd Wallet

APRIL 21, 2021

An employer identification number (EIN), or business tax ID, is a unique nine-digit number that you use when filing taxes for your business. An EIN also helps you register a business entity, obtain a business loan, open a business bank account, and much more. An EIN is as important for your company as a social. Priyanka Prakash writes for NerdWallet.

Banks 86

Banks Loans 86

PBWT

APRIL 21, 2021

In January, we reported that the Supreme Court had resolved a split among the Circuit Courts of Appeals regarding property seized from a debtor pre-petition, holding that “merely retaining possession of estate property does not violate the automatic stay.” [1] The underlying dispute in Fulton arose when individual debtors demanded that the City of Chicago return cars that were impounded for non-payment of various municipal parking and traffic violations immediately upon the filing of

Debtor 65

Debtor Bankruptcy Creditors Collections 65

Nerd Wallet

APRIL 21, 2021

What business is more fun than the party business? Those who have opened an event space know that it’s an industry based on helping people have a good time, creating a flawless experience, and keeping the nuts and bolts of the evening out of the limelight. It’s hard but rewarding work. If you’re a people person—eager. Eric Goldschein writes for NerdWallet.

85

85

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

Debt

APRIL 21, 2021

Is there a fourth stimulus check on the way? The success the federal government has had in helping Americans endure the economic disarray caused by the COVID-19 pandemic has prompted at least one financial group – and probably millions of consumers – to ask: Why wouldn’t we do it again? The Economic Security Project, a… The post Will There Be a Fourth Stimulus Check?

Government 52

Government 52

Nerd Wallet

APRIL 21, 2021

Apple has announced an update to the Apple Card that will make it possible for up to six people to use one credit card account. As part of Apple Card Family, available in May 2021, those who want to share an Apple Card must be part of a Family Sharing group, which also allows those six. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

84

84

Payment Savvy

APRIL 21, 2021

Once upon a time, companies around the globe incurred substantial losses due to delinquent receivables. With no clear policies on recovering past-due debts, entities, at times, engaged in unscrupulous methods to recover these owed revenues. A better way to handle this process was desperately needed. Fast forward to the present day, and professional third-party debt collection agencies have made it efficient, compliant, and cost-effective for companies to recover owed monies.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debtor 52

Nerd Wallet

APRIL 21, 2021

Stripe is a pay-as-you-go payment processing platform with flat-rate, transaction-based fees. Overall, you’ll pay 2.9% plus 30 cents per transaction to accept card payments online and 2.7% plus 5 cents to accept in-person payments with Stripe. Stripe does not charge monthly or annual fees. Ultimately, it will be up to you to decide if Stripe’s. Randa Kriss writes for NerdWallet.

83

83

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

APRIL 21, 2021

Why is it important to have more women in AI? What should a young woman consider if she's interested in joining the field? Louise Lunn, vice president of Global Analytics Delivery at FICO, discusses these issues in this podcast from The Banker. Editor Joy MacKnight explores the impact that COVID-19 had had on the demand for AI, and how widely AI is used in financial services.

Financial services 52

Financial services 52

Nerd Wallet

APRIL 21, 2021

Upgrade — a financial startup that launched the Upgrade Card in October 2019 — is expanding its credit card portfolio. The new Upgrade Triple Cash Rewards Visa operates similarly to its predecessor, in that it’s a credit card/personal loan hybrid product. But the difference is that this new card has a tiered rewards program offering 3%. Sara Rathner writes for NerdWallet.

Startups 81

Startups Personal loans Loans 81

Collection Industry News

APRIL 21, 2021

Source: site. The CFPB recently issued a consent order against a debt collection company and its owner over alleged violations of the CFPA and FDCPA involving misleading notices sent to consumers. The consent order imposes an $860,000 judgment and a permanent ban from any debt collection activities along with other requirements. The debt collector allegedly sent consumers “litigation notices” that falsely represented that consumers would be sued if they did not pay the debt amount on the not

Debt collector 40

Debt collector Judgment Collection Companies Collections 40

Nerd Wallet

APRIL 21, 2021

Launched in 2005, Big Cartel is an e-commerce platform geared toward “artists and makers” looking for somewhere to sell their wares. It provides users more control than Etsy but is less complex than an e-commerce powerhouse like Shopify. Big Cartel isn’t for everyone. But if you’re a very small business, are running a side business or. Matthew Speiser writes for NerdWallet.

76

76

Advertisement

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.

Credit Unions