Wed.May 19, 2021

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FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week. One of the defendants will also make a monetary payment of $11,500 as part of an overall judgment against all of the defendants in … The post FTC Bans Operators of Student Loan Debt Relief Scam appeared first on AccountsRecovery.net.

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Culture in the Workplace-Vital to this Collection Agency

American Profit Recovery

By Sabrine: We have all heard others mention the significance of looking forward to work every morning, rather than dreading it. A positive work environment and culture is the very thing that can make or break an employee. Studies have shown that although employees make a decent salary at a company, they often quit for no reason other than the work culture.

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Hospital Chain Called Out For Filing 19,000 Collection Suits During Pandemic

Account Recovery

A hospital network that owns 84 facilities and is one of the largest hospital chains in the country is being called out for filing more than 19,000 collection lawsuits in the past 15 months following the onset of the COVID-19 pandemic in the United States, which makes them “far more litigious than most hospital groups,” … The post Hospital Chain Called Out For Filing 19,000 Collection Suits During Pandemic appeared first on AccountsRecovery.net.

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Can Debt Collectors Follow You to Another Country?

Credit Corp

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. In fact, you might be so desperate that you’re considering extreme tactics—like moving out of the country. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. How do you start over in a completely new place?

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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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EDNY Judge Grants Motion for Defendant in FDCPA Case Over Dispute Language in Letter

Account Recovery

In a case that was defended by Malone Frost Martin, a District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act because it included a statement in a collection letter requesting that the plaintiff send all … The post EDNY Judge Grants Motion for Defendant in FDCPA Case Over Dispute Language in Letter appeared first on AccountsRecovery.net.

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FCRA Expert Talks About What Makes an Investigation ‘Reasonable’

Account Recovery

When a consumer disputes an item on his or her credit report under the Fair Credit Reporting Act, the furnisher is required to conduct a “reasonable” investigation to ensure the information being furnished is accurate. But, as many furnishers have come to learn, what constitutes a “reasonable” investigation is often left up to a judge … The post FCRA Expert Talks About What Makes an Investigation ‘Reasonable’ appeared first on AccountsRecovery.net.

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How Long Does a Bankruptcy Stay on Your Credit Report?

Sawin & Shea

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and seven years if you filed Chapter 13. The difference is because, in Chapter 13 bankruptcy, you and the bankruptcy trustee make a structured plan to pay off most of your debts in 3-5 years.

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Daily Digest – May 19. EDNY Judge Grants Motion for Defendant in FDCPA Case; FCRA Expert Talks ‘Reasonable’

Account Recovery

EDNY JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA CASE OVER DISPUTE LANGUAGE IN LETTER In a case that was defended by Malone Frost Martin, a District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act because … The post Daily Digest – May 19.

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Iberia Plus Overhauls American Airlines Award Chart, Axes Sweet Spots

Nerd Wallet

Without any notice, Iberia overhauled its award chart for American Airlines awards. With this change, Iberia effectively axed many of the best uses of Iberia Avios on American Airlines — especially on short, connecting domestic award flights. While the changes are mostly bad, there are a couple of bright spots to this change. Iberia no. JT Genter 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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Ohad Samet Named to Inaugural Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI)

True Accord

Ohad Samet, CEO and cofounder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI). The debt collection advisory committee is a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program.

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How to Travel to Fort Lauderdale on Points and Miles

Nerd Wallet

From lounging for a week on white sand beaches to exploring before or after a cruise, there are plenty of reasons to visit Fort Lauderdale. One way or another, your trip is likely to focus on water. The self-proclaimed “Venice of America” has a whopping 165 miles of waterways and 50,000 registered yachts in the. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Company Insolvencies continue to decrease

UK debt collections

The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales. The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199). In April 2021 there was a total of 925 registered business insolvencies, comprised of 819 CVLs , 26 compulsory liquidations , 75 administrations and 5 CVAs.

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Paycom vs. Paylocity: 2021 Comparison Review

Nerd Wallet

If you’re looking for an all-inclusive HR software platform for your small business, you may find yourself comparing Paycom and Paylocity. Both of these systems can offer payroll processing, HR management and more. This comprehensive guide will help you determine which of these platforms is better for your business. » MORE: NerdWallet’s best small-business apps.

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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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Things To Consider To make International Money transfers Hassle-Free

TAMSEY

The advancement of technology has made sending money abroad easier than in the past. However, the challenges have not been completely taken out. Concerns such as tedious transaction procedures, high transfer fees, and lack of access to undeveloped countries are almost the same for transferring money abroad. To address these problems, we developed Tamsey- a simplified, quick, and authentic solutionfor international money transfers.

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5 Things to Know About the Royal Caribbean Credit Card

Nerd Wallet

The Royal Caribbean Visa Signature® card is aimed at people who enjoy taking cruises frequently with Royal Caribbean International or its sister brand, Celebrity Cruises. The $0-annual-fee card, issued by Bank of America®, earns decent rewards on Royal Caribbean purchases and features bonuses for new cardholders. However, limited redemption options and lack of lucrative benefits.

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Top Credit Card Tips For College Students

Credit Corp

College students have to get used to debt. But when you’re laboring under the burden of college debt, do you really want to add a credit card to the mix? Credit card debt, managed correctly in the short-term, can actually open your horizons as a college student, enabling you to make better financial choices and purchases. What’s more, getting started running a credit card and paying it off regularly can improve your credit score.

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The Points Collector’s Guide to Air Canada

Nerd Wallet

Founded in 1937, Air Canada is Canada’s largest passenger airline and the fifth largest passenger airline in North America for fleet size (352 planes as of August 2020) and passengers carried (51 million in 2019). Headquartered in Montreal, with additional hubs in Toronto and Vancouver, the carrier offers direct service to 220 destinations across six.

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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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Branding Arc Sponsors NCBA 2021 Spring Conference in Orlando, FL

The McHughes Law Firm

Branding Arc is proud to sponsor and attend the National Creditors Bar Association (NCBA) 2021 Spring Conference that will take place Wednesday, May 19- Friday, May 21, 2021 in Orlando, FL. This conference will feature educational and networking opportunities for association members and attendees. The post Branding Arc Sponsors NCBA 2021 Spring Conference in Orlando, FL appeared first on Adam Parks inc.

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USAePay Gateway Review for 2021: Pricing, Features, Top Alternatives

Nerd Wallet

If your business accepts credit cards, you’ll need merchant services (the technology that allows you to take and process payments). And regardless of the specific solution you choose, you’ll need some type of payment gateway. In exploring your payment gateway options, you may come across one of the oldest payment gateway providers in the industry. Randa Kriss writes for NerdWallet.

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Lenders Beware: Foreclosure Judgments Can be Set Aside At Any Time Before The Sale Occurs

Jimerson Firm

Although a lender may have won the battle by obtaining a final judgment of foreclosure from the court, it may not win the war. Pursuant to Section 702.07 of the Florida Statutes , the circuit courts have the “power and authority to rescind, vacate, and set aside a decree of foreclosure of a mortgage of property at any time before the sale has been actually made” and may “dismiss the foreclosure proceeding on the payment of all court costs.

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How to Navigate the Airport

Nerd Wallet

If you don’t fly often or you’re a first-time flyer, going to the airport can already feel like you’re entering a new universe of moving walkways, long hallways and gates to other cities. Some airports even have their own mini train or tram system to help customers get between terminals, so you might have to. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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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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Alabama Real Property Tax Sales, Redemption and Clearing Title

Burr Forman

Ad Valorem Tax Collection – Land and Lien Sales. Tax sales are the mechanism by which counties collect delinquent ad valorem taxes. There are two types of tax sales in Alabama. The first involves the county selling the taxpayer’s land to pay for the taxes, whereas the second involves the county selling the county’s lien against the land for the taxes owed.

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GAAP: What Are ‘Generally Accepted Accounting Principles’?

Nerd Wallet

Generally accepted accounting principles — or GAAP (pronounced “gap”) for short — might not be your top priority when you’re running your business. After all, you’ve hired an accountant so you wouldn’t have to deal with the nitty-gritty of your business’s accounting. Right? Well, theoretically, yes. But knowing GAAP accounting principles, or at least the.

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Credit Management Company Partners with BillingTree

Credit Management Company

Pittsburgh, PA. – May 2021 , In a continued effort to provide their clients with the best-in-class service and optimize the patient experience, Credit Management Company (CMC) is proud to announce their partnership with BillingTree! Credit Management Company (CMC) has been providing full-service accounts receivable management solutions to the healthcare market for over 55 years.

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ACH Payments Thrive in the Digital World

Payment Savvy

Accepting paper checks is an inconvenient and outdated business practice. Given the ever-expanding digital payment options, one must consider modern technologies when creating the perfect payment solution for their business. In today’s world, ACH payments thrive and replace the paper check as the more convenient, safer, and faster payment solution.

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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.