Thu.Sep 01, 2022

article thumbnail

Getting to Know Ed Ujcich of Intelligent Contacts

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 Ed Ujcich of Int

article thumbnail

CFPB Report Details Family Finances and Debt in Rural Appalachia

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) has issued the first in a series of reports focusing on the finances of consumers living in rural areas. Today’s report focuses on rural Appalachians, who tend to earn less than consumers in other rural areas and have higher rates of subprime credit. In particular, medical debt collections are a much more prevalent issue among rural Appalachians, and consumers with medical debt collections often experience difficulties making ends meet on other fin

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

William C. Goings Appointed to Encore Capital Group Board of Directors

Account Recovery

SAN DIEGO — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced today that William C. Goings has been appointed to Encore’s Board of Directors effective September 1, 2022. Mr. Goings will serve on Encore’s Compensation Committee and Nominating and Corporate Governance Committee. Goings (64) has years of global executive leadership experience … The post William C.

article thumbnail

Top Litecoin Wallets for 2022

Nerd Wallet

Litecoin, one of the most commonly used alternative cryptocurrencies, is supported by many of the leading crypto wallets on the market. Litecoin can be kept in a “hot” software wallet connected to the internet on your computer or phone or a “cold” hardware wallet that can keep your information fully offline. Users can also turn. Dalia Ramirez writes for NerdWallet.

115
115
article thumbnail

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.

article thumbnail

Judge Rules in Favor of Plaintiffs in Suit Against Hospital Placing Accounts with State for Collection

Account Recovery

A state court judge in Kentucky has ruled in favor of plaintiffs who sued the University of Kentucky for allegedly violating their right to due process by using the state’s Department of Revenue to collect on unpaid medical debts. A copy of the ruling, in the case of Long et al. v. University of Kentucky … The post Judge Rules in Favor of Plaintiffs in Suit Against Hospital Placing Accounts with State for Collection appeared first on AccountsRecovery.net.

More Trending

article thumbnail

Daily Digest – September 1. Getting to Know Ed Ujcich of Intelligent Contacts; Judge Grants MSJ for Defendant in FDCPA Case Over Dual Letters

Account Recovery

GETTING TO KNOW ED UJCICH OF INTELLIGENT CONTACTS Ed Ujcich has spent more than three decades in sales, the last three as a Senior Account Executive at Intelligent Contacts. Click here to learn more about Ed and his unique habit to learn more about the music acts he has seen in concert. This series is … The post Daily Digest – September 1.

245
245
article thumbnail

How Much Does It Cost to Adopt a Child?

Nerd Wallet

Bringing a child into your family is a big decision, emotionally and financially. The process can be long and cost anywhere from less than $1,000 to more than $50,000. Here’s a breakdown of the different ways you can grow your family through adoption — and how much you could expect to spend. How much does. Taryn Phaneuf writes for NerdWallet. Email: tphaneuf@nerdwallet.com.

79
article thumbnail

Judge Grants MSJ for Defendant in FDCPA Case Over Dual Collection Letters

Account Recovery

A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling the plaintiff did not suffer a concrete injury after receiving two collection letters from the defendant on the same day — each signed by a different attorney. A copy of the ruling … The post Judge Grants MSJ for Defendant in FDCPA Case Over Dual Collection Letters appeared first on AccountsRecovery.net.

article thumbnail

Who’s on First (and Who’s on Third) for Your Debt Collection?

True Accord

What is your core business? It probably isn’t chasing down delinquent accounts—and it shouldn’t be. Attention, resources, and bandwidth should be dedicated to what drives revenue and pushes your company’s goals forward. But delinquencies are a reality for any business that handles payments. And when a customer misses a payment on the due date, you shouldn’t let their delinquency slide for too long, otherwise before you know it, that delinquent account will eventually get charged off and consider

article thumbnail

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.

article thumbnail

Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation

Account Recovery

Individuals with higher incomes are likely to get more bang for their buck following last week’s announcement that individuals making under $125,000 are eligible to have up to $20,000 of their outstanding student loan debt forgiven, but lower income households are more likely to have all of their debts forgiven, according to a report released … The post Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation appeared first on AccountsRecovery.net.

article thumbnail

How TSA PreCheck’s Interview Process Works

Nerd Wallet

Airport lines, am I right? No one enjoys the never-ending, snake-like queues of cranky travelers lining up for security checks, a much-needed coffee or a bathroom near a gate where a plane just landed. Although there’s nothing you can do about hot brew fanatics or those calls of nature, there’s one thing you can do. Anya Kartashova writes for NerdWallet.

71
article thumbnail

Registration Begins Under Utah’s Commercial Financing Registration Act

Troutman Sanders

As we previously posted here , in March, Utah enacted its Commercial Financing Registration and Disclosure Act (CFRDA), requiring commercial financing providers to register with the Utah Department of Financial Institutions (DFI). The process requires registering with the Nationwide Multistate Licensing System and Registry (NMLS), providing certain information about the provider, and disclosing information about certain control persons relating to specified criminal convictions.

article thumbnail

How to Start an LLC in Texas in 7 Steps

Nerd Wallet

The state of Texas has 2.7 million small businesses that employ nearly half of Texas workers, according to the SBA Office of Advocacy, making these businesses very important to the state’s overall economy. Like other states, Texas recognizes limited liability companies, or LLCs, as a type of business entity. Many small business owners choose to. Priyanka Prakash writes for NerdWallet.

70
article thumbnail

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?

article thumbnail

How Do You Know If Your Trust Account Operator Created a Trust Account?

FFGN COLLECT NY

Let’s say you are the owner of a 100-unit condominium complex, and you enter into a management agreement with a company to act as operator and property manager for the complex. As part of the complex’s management responsibilities, the property manager is required to establish a bank account for the deposit of all funds received from the operation of the property.

article thumbnail

A Guide to Global Entry Walk-In Appointments

Nerd Wallet

No Global Entry appointments available? This is heard all too often. It can be tough to schedule a Global Entry appointment at a facility that is convenient for you, and in some instances, it can require waiting months. Some travelers try to schedule an appointment at an airport enrollment center with a flight they are. Ramsey Qubein writes for NerdWallet.

69
article thumbnail

AAA Issues Amended Commercial Arbitration Rules

Troutman Sanders

Effective September 1, the American Arbitration Association (AAA) has finally updated its Commercial Rules and Mediation Procedures , concluding a two-year internal review. The amendments provide greater procedural discretion to arbitrators, further streamline expedited arbitrations, change the amount-in-controversy requirements for certain arbitration paths, and provide express confidentiality protections, among other things.

52
article thumbnail

Will Bitcoin Go Back Up?

Nerd Wallet

Bitcoin’s price graph sometimes looks like the jagged edge of a saw, with big jumps up and down. But when there’s a stretch of big losses without any corresponding jumps, investors might wonder: “When will crypto go back up?” Short-term price predictions are rarely correct. When they pan out, it can be due to luck. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

69
article thumbnail

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.

article thumbnail

Late payments adding to Small Business cash flow worries

UK debt collections

Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners. Late payments totalled £22,700 for the average small business , with at least one overdue invoice in May, representing a 6% year-on-year rise. This amounts to 65% of their average monthly turnover, new data from accounting software Intuit QuickBooks showed.

article thumbnail

The Guide to Delta Status Match

Nerd Wallet

Delta Air Lines is courting frequent flyers of other airlines to make the switch to Delta and its SkyTeam partners through its Medallion Status Match Challenge. Allowing loyalists of competing carriers to test Delta’s waters — or skies, shall we say — the airline is offering Medallion status to those who carry non-SkyTeam elite status. Paul Rubio writes for NerdWallet.

69