Thu.Oct 28, 2021

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Getting to Know Jim Beck of MRS BPO

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 Jim Beck of MRS

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Airline Point Transfers and Partner Award Bookings Tool

Nerd Wallet

You might have a bunch of frequent flyer miles for a specific airline, but often those miles are actually more valuable when redeemed for flights on other airlines, known as a partner award booking. Or, you might have a lot of generic travel points from big banks like American Express or Chase. While you can. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Eleventh Circuit Issues New Ruling, But With Same Conclusion, in Hunstein Case

Account Recovery

The original panel from the Court of Appeals for the Eleventh Circuit that ruled in the Hunstein case issued a new opinion this morning, vacating its earlier decision, but still ending up in the same place that the plaintiff had standing to sue, even in the wake of the Supreme Court’s ruling in TransUnion v. … The post Eleventh Circuit Issues New Ruling, But With Same Conclusion, in Hunstein Case appeared first on AccountsRecovery.net.

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The Property Line: As Home Values Soar, Brace for Tax Impact

Nerd Wallet

You’re a typical homeowner: You fret over mysterious noises behind walls, savor the yard’s smell after a storm, and giddily track your home’s fast-rising value. That buoyant emotion might yield to a sinking feeling later, when you receive a property tax bill. As the home’s value skyrockets, the amount you pay in property tax is. Holden Lewis writes for NerdWallet.

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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 – October 28. Getting to Know Jim Beck of MRS BPO; Judge Grants Transfer in a Hunstein Case

Account Recovery

GETTING TO KNOW JIM BECK OF MRS BPO One of the primary objectives of these profiles is to give people in this industry the chance to get to know one another a little better. But it’s ultimately up to the participant to determine how much he or she wants to share about themselves. Full credit … The post Daily Digest – October 28. Getting to Know Jim Beck of MRS BPO; Judge Grants Transfer in a Hunstein Case appeared first on AccountsRecovery.net.

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Hospital Network Offering Patients More Financing Options

Account Recovery

A hospital network that covers 45 facilities across 14 states has signed up with a noted credit card provider to offer patients a healthcare credit card to make per-care, point-of-care, and post-care payments. Prime Healthcare has signed up for Synchrony Financial’s CareCredit program, allowing individuals to make payments on their healthcare debts that are not … The post Hospital Network Offering Patients More Financing Options appeared first on AccountsRecovery.net.

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How Long Does Bankruptcy Stay on Your Credit Report?

Nerd Wallet

If you’ve filed for bankruptcy, or are wondering if bankruptcy might be right for you, you should know how long the bankruptcy mark will remain on your credit report. The length of time bankruptcy stays on your credit report depends on the type of bankruptcy you filed. That’s because different types of negative marks on. Sean Pyles writes for NerdWallet.

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Judge Grants Motion to Transfer a Hunstein Case

Account Recovery

In a case that is being defended by the team at Kaufman Dolowich & Voluck, a District Court judge in the Southern District of Florida has granted a defendant’s motion to transfer a Hunstein-related class action to the Middle District of Florida — where the defendant is already facing a similar suit — thereby getting … The post Judge Grants Motion to Transfer a Hunstein Case appeared first on AccountsRecovery.net.

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Treasury Inflation-Protected Securities (TIPS): What to Know

Nerd Wallet

As the world navigates the global pandemic, there are many factors impacting the economy, from stimulus measures to supply chain disruptions. Now, one of the biggest concerns is the rise in price of goods and services, known as inflation, which can erode your savings and investments over time. However, investing in Treasury Inflation-Protected Securities, or.

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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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Bills Introduced in House, Senate to Amend SCRA

Account Recovery

Separate bipartisan bills were introduced yesterday in both the House of Representatives and the Senate to amend the Servicemembers Civil Relief Act, which protects members of the Armed Forces and other branches of the government from certain financial situations, including judgments, garnishments, and other adverse collection-related actions. H.R.5752 was introduced by Rep.

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The Complete Guide to a U.S.-Canada Border Crossing

Nerd Wallet

Borders between the U.S. and Canada recently reopened to travelers more than a year after having closed due to COVID-19. Now, many who are eager to explore our neighbor to the north are left wondering what’s involved in a border crossing and what guidelines they’ll need to adhere to for a successful journey. If you’re. Alisha McDarris writes for NerdWallet.

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The Importance of Domestic Violence Awareness Month

Prosperity Now

Since 1987, October has been observed nationally as Domestic Violence Awareness Month.

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Merchant One Review: Features, Pricing and Alternatives

Nerd Wallet

Merchant One’s low rates and lenient application standards (98% of applicants are approved, according to the company’s website) merit a look, especially if you’ve been denied merchant services due to bad credit. But be wary of eager sales representatives and misleading claims, particularly around contract terms and fees. What is Merchant One? Merchant One offers.

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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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Updates to TILA Interagency Guidance and Certain Annual Thresholds

Troutman Sanders

Two important updates impacting compliance with the Truth in Lending Act (TILA) and Reg Z have just been announced. The TILA Examination Procedures have been revised and updated to reflect four final rules that amend the qualified mortgage (QM) provisions of Regulation Z. The rules in question were issued by the Consumer Financial Protection Bureau (CFPB) in 2020 and 2021.

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Upgrade Card vs. Upgrade Triple Cash Rewards vs. Upgrade Bitcoin Rewards: Which Should You Get?

Nerd Wallet

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. Financial startup Upgrade offers a suite of cards that combine features of credit cards and personal loans. Three of the cards offer rewards: The Upgrade Visa® Card with Cash Rewards: Sara Rathner writes for NerdWallet.

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5 Common Myths About Debt Collectors Busted

JMA

When it comes to debt collectors and debt collection, there is a lot of misinformation floating around out there. Because of this misinformation, there are many people and businesses out there who are hesitant to use a debt collection service when they actually need it because they are worried it might impact their business. Today, Read more » The post 5 Common Myths About Debt Collectors Busted appeared first on JMA Credit Control.

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Petal 1 vs. Petal 2: Which Is Right for You?

Nerd Wallet

The Petal® 1 "No Annual Fee" Visa® Credit Card and Petal® 2 "Cash Back, No Fees" Visa® Credit Card — both issued by WebBank and created by the company Petal — are ideal for those who lack the credit history to qualify for a traditional credit card. Petal has an algorithm that can analyze banking history. Melissa Lambarena writes for NerdWallet. Email: mlambarena@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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Corporate E-Note October 2021

Burr Forman

Spotlight. October Is Cybersecurity Awareness Month. Burr & Forman’s experienced Cybersecurity & Data Privacy Team helps clients navigate the complex cybersecurity and data privacy landscape with strategies designed to assess current risks, develop a corrective action plan, implement best practices, and provide immediate and appropriate responses to a cybersecurity breach.

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CFPB Names New Chiefs for Supervision and Enforcement Positions

Consumer Finance

On October 29, 2021, the Consumer Financial Protection Bureau announced leadership changes within the Bureau.

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ESG Goals: Hoist Finance Makes Debt Resolution Greener

Fico Collections

With the UN’s Cop26 climate change conference beginning next week in Scotland, financial services firms are under pressure to do more to protect the planet. The Cop26 goals for finance state that “every financial decision needs to take climate into account.” But how? It turns out that best practices in decision management – automation, digitization, centralization – also result in greener decisions.

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5 tips for creating a well-written credit application

Collections Law

For many businesses, extending credit to customers is a necessary business model. Unfortunately, giving credit also comes with risks of non-payment. Credit can become a liability for your business when offered to the wrong individual or company. At Law Offices of Alan M. Cohen LLC, we know how important the credit application process can be. We have been helping businesses of all types review and manage credit and debt collection since 1994.

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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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Recent NLRB Memorandum Argues that Certain College and University Student-Athletes Qualify as Employees and Should be Afforded Statutory Protections

Fraser

The debate on whether college or university athletes should be considered as employees isn’t a new one, especially in light of coaches like Alabama’s Nick Saban receiving almost a $10 million salary. In fact, college coaches dominate lists of highest paid public employees in most states. The conversation on the disparity between coach pay, revenue generated by the NCAA and higher education institutions from sports, and student-athletes seeking compensation for their participation is evolving.