Account Recovery

NOVEMBER 4, 2021

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 Chris Dunkum of

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Nerd Wallet

NOVEMBER 4, 2021

A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes. But you should be aware of what a will can’t or shouldn’t do. This is particularly true if you’re drafting your own document without an attorney’s help, since you could unknowingly. Liz Weston writes for NerdWallet.

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Account Recovery

NOVEMBER 4, 2021

Oxford, MS – November 2, 2021. Security Credit Services, (SCS) an Oxford, MS based nationally known and trusted purchaser of both performing and non-performing receivables, announces its acquisition of Jormandy, LLC, based in Norfolk, VA. Jormandy, a purchaser and collector of receivables throughout the Commonwealth of VA, has always embraced the latest in software and … The post Security Credit Services acquires Commonwealth of Virginia based Jormandy appeared first on AccountsRecov

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Acquisition 246

Nerd Wallet

NOVEMBER 4, 2021

This year, the excitement around what to give people for the holidays is clouded with a question: Will gifts arrive on time? According to NerdWallet’s annual Holiday Shopping Report, 68% of holiday shoppers anticipate that supply issues could cause the big-ticket items they’re looking for to be unavailable this year. The good news for consumers. Kimberly Palmer writes for NerdWallet.

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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

NOVEMBER 4, 2021

Many in the industry have lauded a series of rulings released in the past year that have raised the bar for plaintiffs to establish they have suffered an actual, concrete injury in order to have standing to sue. This has created a new dynamic, where plaintiffs are opting to file lawsuits in state courts — … The post Judge Grants Plaintiff’s Motion to Remand FDCPA Class Action Back to State Court appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

NOVEMBER 4, 2021

Minneapolis, Minn. — (November 4, 2021) —DCM Services, LLC (“DCMS”), the industry leader in data and contact management solutions for the estate and specialty receivables recovery market, has become the newest business affiliate member of the Telecommunications Risk Management Association (“TRMA”). This new partnership will be mutually beneficial, allowing both organizations to share best practices, … The post DCM Services Announces Membership with Telecommunications Risk Management Associ

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FFGN COLLECT NY

NOVEMBER 4, 2021

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment. To ensure the best possible outcome, you’ll want to make sure you have a good collection attorney who knows how to maneuver through New York’s liberal enforcement policies.

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Account Recovery

NOVEMBER 4, 2021

The largest bank in Denmark — also one of the largest financial institutions in Europe — announced yesterday that it has suspended all of its debt collection activities and has earmarked $8 million in compensation and restitution for nearly 8,000 customers from whom it overcollected for years. The problem is so pervasive that the bank … The post Bank Suspends Collection Activities in Wake of Widening ‘Issues’ appeared first on AccountsRecovery.net.

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Burr Forman

NOVEMBER 4, 2021

On November 5, 2021, OSHA will publish a new Emergency Temporary Standard (“ETS”) setting forth employee COVID-19 vaccination and testing requirements for employers with 100 or more employees. The ETS becomes effective immediately and requires employers to establish, implement, and enforce an acceptable vaccination policy by December 5, 2021. Who is Covered by the ETS?

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Healthcare 97

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Collections

Account Recovery

NOVEMBER 4, 2021

The following is not directly related to the accounts receivable management industry, but does underscore the importance of making sure that employees and collectors are not able to use the information they have access to in other jobs that they may have outside of working at a collection agency. The Eleventh Circuit Court of Appeals … The post Appeals Court Affirms Ruling For Defendant in Discrimination Case appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 4, 2021

After a profitable year for an investor, tax-loss harvesting is a common strategy for reducing capital gains taxes. If you’re planning on selling a poor performer as part of your tax strategy this year, it’s important to understand the IRS’s wash sale rules to avoid making a costly mistake. What is a wash sale? A. Connor Emmert writes for NerdWallet.

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Account Recovery

NOVEMBER 4, 2021

GETTING TO KNOW CHRIS DUNKUM OF FIRST COLLECTION SERVICES Chris Dunkum may have been born and raised in the collection industry, but he still approaches each day like someone who is stepping into this world for the first time, bringing new ideas, a desire to innovate, and to upend the status quo. Chris might never … The post Daily Digest – November 4.

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Collections 238

Nerd Wallet

NOVEMBER 4, 2021

In time for fall, Chase is making it possible to pick Apple products on the Chase Ultimate Rewards® portal with fewer rewards. The issuer is bringing back its limited-time offer that gives Sapphire, Freedom and Ink cardholders a higher value when redeeming points toward Apple products. Through Nov. 30, 2021, you’ll get more value than. 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

UK debt collections

NOVEMBER 4, 2021

The number of individuals entering bankruptcy has hit a record 22-year low with only 1,938 bankruptcies occurring in the third quarter of 2021. At the same time, the number of individuals entering a debt relief order (DRO) has increased by 31% in the quarter to become the highest quarterly total by some distance since the start of the pandemic. This is the sixth quarter to be wholly affected by the pandemic and associated national measures, and whilst individual voluntary arrangements (IVA) numb

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Nerd Wallet

NOVEMBER 4, 2021

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. For years, the U.S. tax code has given high earners a way to get around income restrictions placed on tax-advantaged retirement accounts. The so-called backdoor Roth, or Roth conversion, is.

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Education 91

Troutman Sanders

NOVEMBER 4, 2021

In a report released on November 2, the Consumer Financial Protection Bureau (CFPB) found that credit report disputes more commonly occur among consumers in majority Black and Hispanic neighborhoods than consumers in majority white neighborhoods. New CFPB Director Rohit Chopra attributed this disparity to alleged “[e]rror-ridden credit reports” that “are far too prevalent and may be undermining an equitable recovery” for minority consumers.

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Student loans Student Loans Retail Loans 59

Nerd Wallet

NOVEMBER 4, 2021

Capital One has been gussying up its travel rewards program in recent months, and now it arrives to the premium travel credit card party with a shiny new card on its arm. The Capital One Venture X is the issuer’s first foray into the premium travel card space. It comes with a $395 annual fee, Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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Collections

Troutman Sanders

NOVEMBER 4, 2021

In McKinney-Drobnis v. Oreshack , the Ninth Circuit Court of Appeals reversed the district court’s determination that vouchers awarded to class members were not “coupons” under the Class Action Fairness Act (CAFA), and it admonished the district court’s failure to apply heightened scrutiny to a pre-certification class settlement. No. 20-15539, 2021 U.S.

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Nerd Wallet

NOVEMBER 4, 2021

A shortage of semiconductor chips and other car parts has led to low new car inventory, higher used car demand and skyrocketing car prices. This supply chain disruption caused by COVID-19 has resulted in an unusual rise in leased car values — leaving lessees wondering exactly how to take advantage of their car’s equity. “These. Shannon Bradley writes for NerdWallet.

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Loans 74

Collections Law

NOVEMBER 4, 2021

The commercial collection process can feel overwhelming sometimes. When a customer or client fails to pay for a service or goods you provided, you may not be sure what steps to take to recover your money. At Law Offices of Alan M. Cohen LLC, we have many tools we use to pursue overdue debt and understand when to use each tool. Prejudgment attachments allow us to identify the debtor’s assets before the court issues a judgment, which we can then seize to satisfy the judgment.

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Collections Debtor Judgment Commercial Collection 52

Nerd Wallet

NOVEMBER 4, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time; you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. There’s no getting around it: The messy supply chain, chip shortages and colossal demand for electronics. Lauren Schwahn writes for NerdWallet.

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Retail 72

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.

Burr Forman

NOVEMBER 4, 2021

On November 30, 2021, the Bureau of Consumer Financial Protection’s (“CFPB”) October and December 2020 Final Rules take effect. Among other things, the October and December 2020 Final Rules address communications with consumers under the Fair Debt Collection Practices Act (“FDCPA”). Created in 1977, the FDCPA was intended to “eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt

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Collections Debt collector Fair Debt Collection 52

Nerd Wallet

NOVEMBER 4, 2021

Las Vegas is full of amazing hotels. And unlike other vacation spots, the hotels in Vegas are themselves often the destination. From casino mega-properties to boutique hotels with personalized service, there is something for everyone. World of Hyatt members can earn and redeem plenty of points when visiting Sin City including two Hyatt Place properties.

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Better Credit Blog

NOVEMBER 4, 2021

Preapproval is usually the first step in getting a home loan or mortgage. You don’t have to go through this process, but it’s often a good idea. That’s because preapprovals involve only soft credit checks and can help you avoid hard inquiries that do negatively impact your credit. So if you’ve been thinking, “Does getting preapproved hurt your credit?

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Loans Lender Home Insurance Creditworthiness 52

Nerd Wallet

NOVEMBER 4, 2021

Years ago, airline loyalty programs published fixed award charts and members could easily accumulate miles toward a fixed goal — whether that was a free flight to Hawaii or to Europe. Nowadays, award flight pricing is far less predictable. Every major U.S. airline now prices award flights within a range of published award rates, dynamically. JT Genter writes for NerdWallet.

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