Mon.May 24, 2021

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First Financial Asset Management Continues Annual Sponsorship of the Promise686 Promise Race

Account Recovery

The FFAM360 Alliance of Companies announces our continued Corporate Sponsorship of Promise686, a non-profit charity dedicated to ending the cycle of foster care, and our annual participation in The 2021 Promise Race, uniting people across the country to work towards the common goal of making a difference in the lives of vulnerable children. Over 450 … The post First Financial Asset Management Continues Annual Sponsorship of the Promise686 Promise Race appeared first on AccountsRecovery.net

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Smart Money Podcast: Buy Now, Pay Later Loans and How to Start Building Wealth

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about buy now, pay later loans. These offers are common when shopping online, but they aren’t always a good option. Then we pivot to this week’s question from Patricia, who left us a voicemail: “Hi, Liz Weston writes for NerdWallet.

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Judge Grants MTD for First-Party Collector in FDCPA Case

Account Recovery

A Magistrate judge in Texas has recommended that a Fair Debt Collection Practices Act case against a first-party debt collector be dismissed because the plaintiff did not do enough to argue that the defendant meets the definition of debt collector under the statute. A copy of the ruling in the case of Demarquis v. Alorica … The post Judge Grants MTD for First-Party Collector in FDCPA Case appeared first on AccountsRecovery.net.

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5 Personal Finance and Budgeting Books Recommended by Experts

Nerd Wallet

Budgeting books can give you a different perspective on your finances and help you make plans for your money. The five books below come recommended by certified financial planners. These professionals have taken loads of financial-planning coursework, passed a brutal exam, logged thousands of hours in experience and committed to acting as a fiduciary.

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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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Bill Introduced to Amend FCRA to Protect Servicemembers

Account Recovery

A bill has been introduced in the House of Representatives that would amend the Fair Credit Reporting Act to install additional protections for servicemembers on active duty or who are deployed in a combat zone or on a ship. The bill, H.R. 3439, the Fair Credit Reporting for Servicemembers Act, was introduced last Thursday by … The post Bill Introduced to Amend FCRA to Protect Servicemembers appeared first on AccountsRecovery.net.

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FCC Proposes New STIR/SHAKEN Compliance Date For Robocall Facilitators

Account Recovery

The Federal Communications Commission, in another effort to crack down on the volume of illegal robocall traffic, is seeking comment on a proposal to reduce the amount of time that small voice service providers would have to implement Caller ID authentication technology under the STIR/SHAKEN protocols if those providers are deemed to be facilitating robocall … The post FCC Proposes New STIR/SHAKEN Compliance Date For Robocall Facilitators appeared first on AccountsRecovery.net.

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It’s 2021. Do You Know What Your AI Is Doing?

Fico Collections

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? The short answer: not great.

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Compliance Digest – May 24

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Takeover Agreements on Performance Bond Claims: What Are They and How Do They Work?

Jimerson Firm

On many construction projects, the general contractor may be required to furnish a performance bond. That performance bond guarantees the completion of the prime contract if the general contractor defaults. A performance bond is a three-party contract between a surety (the party promising to be responsible if the principal fails to perform), the principal (the party who is performing the work—the general contractor), and the obligee (the party who is protected by the performance bond—the owner)

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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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Daily Digest – May 24. Hunstein Ruling Makes Appearance in FCRA Decision; Bill Introduced to Amend FCRA

Account Recovery

HUNSTEIN RULING MAKES APPEARANCE IN FCRA DECISION OVER LACK OF STANDING The web of rulings spiraling out of the Eleventh Circuit Court of Appeals’s decision in Hunstein v. Preferred Collection & Management Services is beginning to be woven, this time in a Fair Credit Reporting Act case. But in this case a District Court judge determined the … The post Daily Digest – May 24.

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Franchising vs. Licensing: What’s the Difference?

Nerd Wallet

Franchises and licenses are both business agreements in which certain brand aspects are shared in exchange for a fee. However, a franchising agreement pertains to a business’s entire brand and operations, while a licensing agreement only applies to registered trademarks. Franchises typically work best for service-based businesses, while licenses are more conducive to product-based businesses.

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Hunstein Ruling Makes Appearance in FCRA Decision Over Lack of Standing

Account Recovery

The web of rulings spiraling out of the Eleventh Circuit Court of Appeals’s decision in Hunstein v. Preferred Collection & Management Services is beginning to be woven, this time in a Fair Credit Reporting Act case. But in this case a District Court judge determined the plaintiff did not have standing to accuse a potential … The post Hunstein Ruling Makes Appearance in FCRA Decision Over Lack of Standing appeared first on AccountsRecovery.net.

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The Moment These 7 Entrepreneurs Turned Their Hobby Into a Business

Nerd Wallet

There are plenty of reasons to want to start your own business: more flexible hours, financial independence, room for growth… the list goes on. But what if your motivation is less practical? What if you simply want to transform a longtime passion into a rewarding career? Read on to learn how these seven entrepreneurs turned. Caroline Goldstein 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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25 Best Ways to Make Money as a Kid

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished with permission. When I was a kid, there was always something I wanted to buy. The problem was, I usually had spent all my birthday money, and my parents were not in the habit of buying me whatever I wanted just because. If I wanted to buy something, I needed to learn how to make money as a kid on my own.

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Starting a Business in California: The Step-by-Step Guide

Nerd Wallet

So you’ve decided to start a business in California, congratulations! You’re probably feeling a rush of emotions, possibly including an overwhelming feeling that you don’t know exactly how to start a business in California. It’s no easy feat, but the best approach is to take it one step at a time. There are several requirements. Nina Godlewski writes for NerdWallet.

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How Lenders Can Avoid Losing Their Collateral by Paying Off the Borrower’s Property Tax Obligations

Jimerson Firm

In Florida, if a property owner (borrower) fails to pay its property taxes, the amount owing may become a lien on the property. If this happens, the tax lien will become superior to the lender’s mortgage lien. Fla. Stat. § 197.122(a). This may be troublesome for lenders because the property may then be sold for taxes, which will eliminate the lender’s mortgage lien.

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How to Travel to Palm Springs on Points and Miles

Nerd Wallet

Although Palm Springs is often known for its golf courses, this stunning desert city has something for every type of traveler. Sun seekers, tennis lovers, shopaholics and avid foodies can head to this California resort oasis to unwind beneath the blue skies or to partake in the famous sights and endless activities. Getting to Palm. Christie Olsen writes for NerdWallet.

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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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Anna Akers Selected to Birmingham Bar’s 2021 Future Leaders Forum

Burr Forman

Burr & Forman’s Anna Akers has been selected by the Birmingham Bar Association to be a member of its Future Leaders Forum Class of 2021. The Forum cultivates leaders from among a group of motivated attorneys who have been licensed to practice for 3-9 years, and prepares its members for leadership positions within the bar association and the community.

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What Is a Neobank?

Nerd Wallet

What is a neobank? A neobank is a tech company that provides banking services via mobile app or website. Banking options may include the ability to transfer money electronically, pay bills and receive direct deposit or mobile check deposits. Some of these fintech providers also offer tools to help with budgeting and saving. Neobanks, sometimes. Margarette Burnette writes for NerdWallet.

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The Midfield Pivot and the FICO Platform - Game Changers

Fico Collections

“You watch the game, you don’t see Busquets. You watch Busquets, you see the whole game,” said Vicente del Bosque when describing his Spanish team midfielder. Ok, if you’re not a football fan then bear with me on this, as I decided to combine two of my favourite things in this post. The concept I want you to take away is there are many similarities in how successful modern football coaches set their teams up to play, and how the FICO Platform provides businesses with the enterprise-wide ability

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How to Start a Landscaping or Lawn Care Business

Nerd Wallet

Anyone with a yard knows that maintaining it is a lot of work. So it’s no surprise that there are so many landscaping businesses out there to help eliminate the need for mowing, weeding, treating, and doing more lawn maintenance yourself. If you, however, are someone who loves to do yard work and the smell. Eric Goldschein writes for NerdWallet. Email: egoldschein@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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Does Paying Personal Expenses From Your Business’ Account Create Liability For Your Company?

FFGN COLLECT NY

Last week’s highly publicized investigation into a well-known New York business and its practices by the Manhattan district attorney caught the attention of many. Criminal investigation and politics aside, we want to use the Manhattan DA’s subpoenaing power to show how easy it is for a third party to obtain company banking records. What are the implications for paying personal expenses out of the business’ account?

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How to Make the Most of Singapore Airlines First Class

Nerd Wallet

Singapore Airlines first class is the crème de la crème of luxury airline experiences. From the moment you arrive at the airport until you’re safely at your destination, every need is meticulously attended to by dedicated Singapore Airlines staff; it’s a truly first-class experience every step of the way. But luxury comes at a high. Eric Rosenberg writes for NerdWallet.

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7 Benefits of Using Alternative Credit Data for Financing Companies

Micro Bilt

What if a new source of data could transform your lending business? In the lending space, credit data is extremely important. But in addition to traditional data, alternative credit data has many benefits that may change how you do business.

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The Guide to Origins Lodge Hotel in Costa Rica

Nerd Wallet

Origins Lodge offers exclusivity, fine dining, solitude, and the ability to earn and redeem loyalty points in the Costa Rican rainforest. This luxury ecological boutique hotel opened in 2019 and is the American flagship for the Mantis portfolio, a member of Accor’s All Live Limitless program. Whether you’re looking for a vacation to relax in. Ramsey Qubein writes for NerdWallet.

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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.