Wed.Oct 19, 2022

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 23 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Why It Will Be Hard to Replace Cars Destroyed by Hurricane Ian

Nerd Wallet

Final numbers won’t be available for months, but one thing is certain: An overwhelming number of drivers in Hurricane Ian’s path will be replacing a vehicle at a time when inventories are already tight. “We’re anticipating more than 300,000 destroyed vehicles from Hurricane Ian,” says Mark Friedlander, Florida-based director of corporate communications for the Insurance.

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CFPB Sues Payment Network for ‘Duping’ Users into Paying $300M in ‘Junk’ Fees

Account Recovery

The Consumer Financial Protection Bureau announced yesterday that it has filed a lawsuit against a company that used “digital duplicity” to generate $300 million in fees from consumers by tricking them into enrolling in a membership club and for failing to provide proper notification when the annual fee increased from one year to the next. … The post CFPB Sues Payment Network for ‘Duping’ Users into Paying $300M in ‘Junk’ Fees appeared first on AccountsR

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Do Self-Employed Workers Pay Social Security Taxes?

Nerd Wallet

All self-employed workers must pay Social Security taxes, just like individuals who work for an employer. Those who work for an employer split their Social Security tax burden down the middle, while self-employed workers are responsible for both halves. And because self-employed workers pay Social Security taxes, they’re entitled to Social Security benefits in retirement.

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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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N.Y. DFS Fines Company $4.5M For Failed Controls That Led to Data Breach

Account Recovery

The New York Department of Financial Services has assessed a fine of $4.5 million to a company for violating its cybersecurity regulations after an employee of the company was victimized by a phishing attack, which exposed non-public personal health data of hundreds of thousands of individuals, including minors. A copy of the consent order, entered … The post N.Y.

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Judge Grants MSJ for Defendant in FCRA Case Over Timing of Dispute

Account Recovery

A District Court judge in South Carolina has accepted a Magistrate Judge’s Report and Recommendation and granted a motion for summary judgment in favor of a defendant that was accused of violating the Fair Credit Reporting Act related to how the defendant was furnishing payment information to the credit reporting agencies, because the suit was … The post Judge Grants MSJ for Defendant in FCRA Case Over Timing of Dispute appeared first on AccountsRecovery.net.

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Is Global Entry Worth It?

Nerd Wallet

If you’ve traveled internationally, you’ve probably experienced a line or two at immigration when coming home. Although the time you’ll wait will differ depending on where and when you arrive, nobody likes spending time in a queue — especially after a long flight. Global Entry aims to expedite this process, allowing eligible travelers to skip. Carissa Rawson writes for NerdWallet.

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Daily Digest – October 19. CFPB Sues Payment Network for Duping Consumers; N.Y. DFS Fines Company $4.5M for Failed Controls That Led to Data Breach

Account Recovery

CFPB SUES PAYMENT NETWORK FOR ‘DUPING‘ USERS INTO PAYING $300M IN ‘JUNK’ FEES For tricking 3 million people into signing up for a “free” trial that they had to cancel or be charged automatically, the CFPB sued Active Network yesterday. The company also failed to notify individuals in advance that the annual fee was increasing … The post Daily Digest – October 19.

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Does Medicare Cover Diabetic Supplies?

Nerd Wallet

Medicare covers diabetic supplies, but there may be limits on the quantity you can get for certain items and how frequently you can get them. What diabetic supplies does Medicare Part B cover? Medicare Part B (Original Medicare’s medical insurance portion) pays 80% of the cost of covered supplies, once you’ve met your annual deductible. Roberta Pescow 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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FTC Fines Automotive Group $3.38M for “Junk fees” and Alleged Fair Lending Violations

Troutman Sanders

?The Federal Trade Commission (FTC) reached a $3.38 million settlement with Passport Automotive Group (Passport) and two of its officers over allegations that the automotive group violated the Equal Credit Opportunity Act and the FTC Act by adding “junk fees” onto the cost of its vehicles and discriminating against Black and Latino consumers by charging them higher financing costs and fees than non-Latino white consumers.

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The Best Airlines for Holiday Travel on Points

Nerd Wallet

If you’re seeing Halloween decorations at the store, you should take that as a sign the holiday travel season is just around the corner. Cue the expensive flights! If you’re relying on points and miles to cover the cost, you might want to consider whether booking award flights for the holidays is the best use. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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FSOC Cryptocurrency Report Recommends Increased Federal and State Oversight

Troutman Sanders

On October 3, the Financial Stability Oversight Council (FSOC) released its “ Report on Digital Asset Financial Stability Risks and Regulation ” (Report), concluding, among other things, that unregulated cryptocurrencies could pose a risk to the stability of the U.S. financial system. FSOC further recommended legislation empowering financial regulators to more vigorously oversee the industry and to expand bank exams to require federal and state agencies to inspect services provided by crypto-ass

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Bitcoin Halving: How It Works, Why and When It Happens

Nerd Wallet

Once every four years, the reward that miners of Bitcoin (BTC) receive for validating a block of transactions is reduced by half — a procedure known as “halving.” A halving event cuts the rate at which coins are created, often boosting their price, and is intended to maintain Bitcoin’s incentive mechanism for miners and control. Connor Emmert 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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FICO® Resilience Index - Benchmarking Portfolio Resilience

Fico Collections

Home. Blog. FICO. FICO® Resilience Index - Benchmarking Portfolio Resilience. Highlighting results from FICO’s release of FICO ® Resilience Index benchmarking reports for 2022. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder. expand_less Back To Top. Wed, 10/19/2022 - 15:00. FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time.

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Smart Money: How to Cancel Your Student Debt

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode, we walk you through how to cancel your federal student loans now that the application is live. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take You can apply now to cancel up to. Anna Helhoski writes for NerdWallet.

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UK Card Risk Trends: Summer Data Indicates Challenges Rising

Fico Collections

Home. Blog. FICO. UK Card Risk Trends: Summer Data Indicates Challenges Rising. Erratic UK cardholder behaviour over the summer months reinforces challenging conditions for lenders. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Wed, 10/19/2022 - 13:20. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living cr

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5 Things to Know About the Emirates Skywards Credit Cards

Nerd Wallet

The Emirates Skywards credit cards won’t earn bonuses large enough to cover a one-way trip in one of the airline’s coveted first-class suites, but they’ll at least get you part of the way there. You’ll also get Emirates elite status for the first year, with the ability to keep that status if you reach an. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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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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The Three C’s of a Successful Collections Strategy

Taurus Collect

Delayed payments negatively impact the financial stability of a company. Running a business is already a time-consuming endeavour, and chances are you simply lack the time to deal with the collection of unpaid invoices. Therefore, hiring a professional debt collection agency in town is recommended as they have the right knowledge and techniques to ensure the successful collection of invoices.

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Top 6 TaxSlayer Reports You Need to Know!

Prosperity Now

The data collected from TaxSlayer is one of the primary tools for VITA/TCE programs to measure their success and evaluate

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Can I Buy a Car After Bankruptcy?

Sawin & Shea

Difficult financial situations are never in our plans, so those who file for bankruptcy are often left with a lot of questions about what they can and can’t do once proceedings are completed. One of the confusing subjects surrounding bankruptcy is car buying. Individuals who file for bankruptcy and initially think they cannot buy a car will be glad to know that it is indeed possible.

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Catalyst to Community Collaboration and Change in Miami-Dade County

Prosperity Now

Reimagining economic justice for all does not start within our organization’s offices, buildings and video conferences.

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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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Pay It Forward: How to Incentivize Attorneys and Staff Beyond Salary

NCBA Law Practice Management Blog

Many law firm owners are comfortable just paying out a salary. And, that can work, for sure. But, if you want to drive revenue within your law firm, it makes sense to look at bonusing attorneys and staff in ways that will incentivize your employees to generate or close more cases for the firm, which will lead to additional revenue. Obviously, this is a bit easier for attorney staff, since lawyers can share fees with each other, which makes it easier to create a direct incentive plan.

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Biden to Release at Least 15 Million Barrels of Oil From Reserve

NACM

President Joe Biden is expected to announce the release of 15 million barrels of oil from the U.S. Strategic Petroleum Reserve in response to recent production cuts by OPEC+ nations, per AP News. This announcement comes ahead of next month's midterm elections.Biden authorized the release of 180 million barrels in March, sending the reserve to its l.

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