Wed.Sep 28, 2022

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House Resolution Calls for Ban on Sale of Utility Debts, Restrictions on Credit Reporting

Account Recovery

Buried inside a resolution introduced last week in the House of Representatives that seeks to codify that access to utilities, such as heat, water, and electricity are human rights is language that would ban the sale of uncollected household debt to collection agencies and filing “adverse” reports with credit reporting agencies, among other provisions.

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Airbnb Hosts Are Sick of Airbnb, Too

Nerd Wallet

Disgruntled Airbnb guests are taking to Twitter and TikTok to vent about everything from cleaning fees to misleading listings. But they aren’t the only ones with complaints: Airbnb hosts themselves have become increasingly disillusioned with the platform and its disrespectful guests. On message boards and Facebook groups, hosts are sharing their own challenges and horror.

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Behind the Curtain: Gordon Beck

Account Recovery

In partnership with Michael Lamm and the team at Corporate Advisory Solutions, AccountsRecovery.net is thrilled to launch a new video series, “Behind the Curtain.” The objective of the series is to engage in discussions with leaders of the accounts receivable management industry to learn more about their origin story, their view of the industry today, … The post Behind the Curtain: Gordon Beck appeared first on AccountsRecovery.net.

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Home Prices Might Drop but Won’t Crash: What Buyers Should Know

Nerd Wallet

Some would-be home buyers are rooting for a full-on housing market crash because prices have zoomed so far past the point of affordability. Please “crash faster so I might be able to own my own place one day,” a Twitter user pleaded. Another user tweeted, “Let’s hope there’s a housing market crash so people have. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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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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Daily Digest – September 27. Collector Facing Class Action for Allegedly Shortening Validation Period; CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

Account Recovery

COLLECTOR FACING CLASS ACTION FOR ALLEGEDLY SHORTENING VALIDATION PERIOD After first getting into legal trouble because they were not including the date on the Model Validation Notice, a collector is facing a class-action suit for including the date, but allegedly not providing a full 30 days for the plaintiff to dispute the debt or seek … The post Daily Digest – September 27.

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Payscout and Collection Works Software Solutions Strengthen Partnership with Enhanced Payment Processing and Paywire Integration

Account Recovery

LOS ANGELES, CA (September 27, 2022) – Payscout, a global payment innovation leader with solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare, Education, and Enterprise merchants with a global presence and complex requirements, is excited to announce an enhanced partnership with Collection Works Software Solutions (CWS), a leading supplier of technology and … The post Payscout and Collection Works Software Solutions Strengthen Partnership with

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How to Furnish a New Place With Patience and a Budget

Nerd Wallet

Moving season is almost over. But if you’re one of the many people settling into a new home right now, you might feel like the furniture-buying season is just getting started. And that can get expensive. After paying rent, a security deposit or mortgage down payment — plus all the costs associated with moving —. Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com.

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How Does Bankruptcy Affect Your Job and Future Credit? 

Sawin & Shea

The stress leading up to a declaration of bankruptcy can be intense. You worry about creditors and wonder if you will be able to stay in your home and keep your car. You may also worry that your bankruptcy will become public knowledge and affect other aspects of your life. Will your boss and co-workers find out? Will it affect your current job? Will it prevent you from being hired for future jobs if it shows up on your credit report?

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What Is a UPC? Meaning and How to Get a UPC

Nerd Wallet

UPC codes can make small businesses more efficient and profitable. These codes can help you trace products, improve inventory tracking and management, reduce checkout times and understand valuable sales data. Most businesses that manufacture or sell physical goods will likely need to use UPC barcodes at some point. What does UPC mean? UPC stands for.

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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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Do I Have a Bad Faith Claim Against My Insurance Company?

Jimerson Firm

Under Florida law, an insurance company owes a duty of good faith to its insured. This means that the insurance company “must investigate the facts, give fair consideration to a settlement offer that is not unreasonable under the facts, and settle, if possible, where a reasonably prudent person, faced with the prospect of paying the total recovery, would do so.

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How the Chase Sapphire Preferred Rental Car Insurance Works

Nerd Wallet

One of the many benefits of the Chase Sapphire Preferred® Card is rental car insurance that applies almost anytime you rent a car. Collision damage waiver coverage purchased through rental car companies can cost around $30 per day. That means this one card perk can easily save Chase Sapphire Preferred® Card holders more than the. JT Genter writes for NerdWallet.

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British Pound Plunges to Record Low Against US Dollar

NACM

The British pound dipped to a record low against the U.S. dollar on Monday, as uncertainty surrounding the U.K. economy grows. The pound dropped to roughly $1.03 Monday and recovered slightly on Tuesday, rising back to $1.07, according to CNN Business.

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5 Things to Know About the BJ’s Credit Card

Nerd Wallet

You turn to BJ’s Wholesale Club for everything you need in your home: pantry staples, furniture, electronics — not to mention bags of dog food that outweigh your dog. If you’re looking for more ways to save, BJ’s offers two cash-back credit cards: the BJ’s Perks Elite Mastercard and the BJ’s Perks Plus Mastercard, both. Sara Rathner 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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Q&A: Code-Based Compliance for Collections

True Accord

Just as technology has evolved leaps and bounds, so have consumer communication preferences, especially when it comes to debt collection. The Consumer Financial Protection Bureau (CFPB) recognized in Regulation F—rules updating the Fair Debt Collection Practices Act (FDCPA)—that consumers in debt want to communicate with debt collectors through digital channels, like email and SMS.

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The Guide to United Status Matches

Nerd Wallet

Frequent flyers often have an airline of choice that they prefer to fly with. However, for one reason or another you may find yourself looking around to see what other airline loyalty programs may be worth a try. If that’s the case, you want to give United Airlines a look. Why? United offers frequent flyers. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

Account Recovery

The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office. The plan — under which individuals earning less than $125,000 annually will have $10,000 of their student loan debts forgiven, unless they received Pell Grants, in which case they … The post CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan appeared first on AccountsRecovery.n

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How Many Bitcoins Are There?

Nerd Wallet

Bitcoin (BTC) is still the largest and most valuable cryptocurrency on the market by a substantial margin. The price of one Bitcoin is over $20,000, and its market cap is slightly over $387 billion. To illustrate Bitcoin’s popularity, the second-largest cryptocurrency, Ethereum, is priced at $1,380 per coin, and its market cap is about $170. Connor Emmert 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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What to Do If Your Tenant Is Bankrupt

PBWT

On September 15, President Biden announced a tentative deal with unions representing tens of thousands of railroad workers that helped narrowly avoid a strike that threatened to devastate the country’s delicate supply chains that have been strained since the beginning of the pandemic. Now the country awaits the outcome of the union member votes (which we may not know until mid-November), but even if the members approve the deal, the retail sector will still face empty shelves, job vacancie

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Tin Leg Travel Insurance Review

Nerd Wallet

Whether you’re traveling domestically or internationally, by car, plane, train or anything in between, Tin Leg travel insurance can protect your trip. The company offers coverage for trip cancellations, medical emergencies, lost luggage and more. If you’re considering insurance options, here’s our Tin Leg travel insurance review of what types of plans and coverage are.

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How Much Does a Medicare Advantage Plan Cost?

Nerd Wallet

The average Medicare Advantage plan costs about $18 per month in 2022, including plans that charge a $0 premium, according to health policy nonprofit KFF. Total out-of-pocket costs could be much higher, depending on your health care needs. What is Medicare Advantage? Medicare Advantage, also known as Medicare Part C, is a bundled alternative to. Kate Ashford, CSA® writes for NerdWallet.

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How Much Does Wheel Alignment Cost?

Nerd Wallet

Having your wheels aligned might not be something that comes to mind when you think about your car’s regular maintenance. But you’ll need to plan for an alignment at least a few times — if not numerous times — during your car ownership. Depending on your vehicle’s make and model, where you live and the. Whitney Vandiver writes for NerdWallet. Email: wvandiver@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.