Thu.Dec 16, 2021

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Getting to Know Gwen Gullicksen of Sentry Credit

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 Gwen Gullicksen

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A Startup Guide to B2B Accounts Receivable and Collections

Enterprise Recovery

A new business takes time, dedication, and wearing lots of many hats. If you're growing your business and want to attract more capital, it's time to protect your cash flow. This free downloadable guide will help you discover how to prioritize your accounts receivable so you don't have to waste time chasing down payments. A Startup Guide to B2B Accounts Receivable and Collections.

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Daily Digest – December 16. Getting to Know Gwen Gullicksen; NY DFS Issues Proposed Debt Collection Amendment

Account Recovery

GETTING TO KNOW GWEN GULLICKSEN OF SENTRY CREDIT Reading the answers below, how can you not believe in serendipity, fate, or destiny? It seems too naive to just say it was luck that landed Gwen Gullicksen a job at Sentry Credit 10 years ago — especially when you read that she believes she found what … The post Daily Digest – December 16.

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The Property Line: Don’t Be Misled by These Myths About iBuyers

Nerd Wallet

IBuyers are one of the few true innovations to hit the real estate industry in recent years. Yet consumers haven’t fully embraced them because of misconceptions about how iBuyers work, and what types of problems they resolve for sellers and buyers. An iBuyer (for “instant buyer”) is a company that uses technology to make an. 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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Judge Denies Class Certification Motion in FDCPA Case

Account Recovery

A District Court judge in Indiana has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling that the agreement between the plaintiff and his attorney renders the plaintiff an inadequate representative for the entire class while also criticizing the plaintiff’s attorney “regarding the work that counsel has … The post Judge Denies Class Certification Motion in FDCPA Case appeared first on AccountsRecovery.net.

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Report Labels Post-Judgment Interest as New ‘Battleground’ for ARM Industry

Account Recovery

The collection of post-judgment interest is in the news, and is being cited as a relic of “a different era” which can cost the amount of debt owed by an individual to “balloon in a way that makes it hard to” repay. The topic of post-judgment interest is becoming “a hotly contested battleground for creditors, … The post Report Labels Post-Judgment Interest as New ‘Battleground’ for ARM Industry appeared first on AccountsRecovery.net.

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A Year-End Checklist to Make the Most of Retirement Savings

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. Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older, here are some to.

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NY DFS Issues Proposed Amendments to Debt Collection Regulation

Account Recovery

The New York Department of Financial Services yesterday released its proposed amendment to the state’s debt collection regulation, which adopts some of what is included in Regulation F, while also introducing some new wrinkles that seek to protect consumers by putting them on “a path to financial well-being,” according to the DFS’s Acting Superintendent.

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What are Deed Restrictions and When are They Enforceable?

Jimerson Firm

As a real estate attorney, I’m often approached by clients purchasing a new property that are concerned with deed restrictions. They first want to know what deed restrictions (also known as covenants and restrictions) are, and second, they want to know whether such deed restrictions can be circumvented. These are great questions to ask prior to closing, as it is always advisable to know about any restrictions on the property you are looking to purchase before you close.

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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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What Is Medigap Plan K? What You Need to Know

Nerd Wallet

Medigap Plan K is a Medicare Supplement Insurance plan that covers some out-of-pocket expenses for Medicare Part A and Part B beneficiaries. Plan K differs from most other Medigap plan options because it pays only part of the cost of the services it covers, but that reduced coverage also helps keep premium costs down. How. Alex Rosenberg writes for NerdWallet.

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FTC settlement bans phantom-debt collectors from industry

Public Citizen

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission. The FTC’s complaint against South Carolina-based National Landmark Logistics , filed in July 2020, alleged that the defendants in the case used robocalls to leave deceptive messages claiming consumers f

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Why and How to Book Alaska Airlines’ Milk Run

Nerd Wallet

The Alaska Milk Run, hosted by Alaska Airlines, is a unique AvGeek experience on many aviation enthusiasts’ bucket lists. These unique routes between Seattle and Anchorage — with several stops along the way — serve as a critical lifeline for several Alaskan communities. For those not traveling to or from these communities, the Alaska Milk Run. JT Genter writes for NerdWallet.

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CFPB opens inquiry into “Buy Now, Pay Later” credit

Public Citizen

The Consumer Financial Protection Bureau has issued a series of orders to five companies offering “buy now, pay later” credit. The orders to collect information on the risks and benefits of these fast-growing loans went to Affirm, Afterpay, Klarna, PayPal, and Zip. The CFPB explained that it is concerned about accumulating debt, regulatory arbitrage, and data harvesting in a consumer credit market already quickly changing with technology.

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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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Want Better Product Photography? Give a Pro a Shot

Nerd Wallet

As an e-commerce retailer, you might put a lot of time and effort into taking photos of your products. But with a phone camera and limited equipment, it’s hard to get the best results; customers comparing similar products online might opt for one shot by a professional photographer, even if you did the best you. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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CFPB report on violation of consumer-protection law in 2021

Public Citizen

The Consumer Financial Protection Bureau has issued a report on wide-ranging violations of law in 2021. The report covers violations in areas including mortgage servicing, fair lending, payday, and remittances. A press release with a link to the report is here.

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Points & Miles 101: NerdWallet’s Quick Start Guide

Nerd Wallet

Perhaps you’re wondering why your friends race to foot the bill for after group dinners out. Or maybe you’re tired of being the only team member who doesn’t get bumped up to a premium class on work trips. Or maybe even you can’t knowingly pass up a deal, even if it’s a small one. Welcome. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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Crackdown on rogue Directors who dissolve Companies to avoid Business Debts

UK debt collections

The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities. These new powers will extend the Insolvency Services ability to investigate and punish rogue directors who are found to be abusing the company dissolution process. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act will also help tackle directors dissolving companies to avoid repaying Government backed loans.

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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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EIDL: What Are Economic Injury Disaster Loans?

Nerd Wallet

An Economic Injury Disaster Loan, or EIDL, is a 30-year loan of up to $2 million from the Small Business Administration for small businesses that are in disaster areas and can’t pay their ordinary and necessary operating expenses. The interest rate can’t exceed 4%. How EIDL loans work EIDL loans provide the working capital a. Tina Orem writes for NerdWallet.

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Reviewing 2021?and looking ahead to 2022 in the collections & debt purchase sector

CSA

Chris Leslie is CEO of Credit Services Association. It?s now 18 months since I took over as chief executive of the collections and debt purchase sector?s only UK trade body, the Credit Services Association (CSA) - and as we reach the end of another turbulent year with all the challenges the pandemic continues to bring, I am immensely proud of our industry?

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The Role of AI Model Governance

Fico Collections

A few weeks back I had the pleasure of participating in a LinkedIn Live broadcast with Scott Zoldi, FICO’s Chief Analytic Officer on the topic of model governance & artificial intelligence. I always welcome opportunities to participate in panel discussions with Scott (a genuine trailblazer in the field of AI and predictive analytics), as I invariably learn something new about the field of AI every time I do!

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Infographic | Fintech in the order-to-cash process

On Guard

After four years of research, we have now collected so much data that we can chart developments over the years. This gives insight into a range of interesting trends. For example, which technology trends are being most widely embraced. And how developments on both sides of The Channel differ from each other. Despite the many similarities in the order-to-cash process, there are differences.

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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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Congratulations!

Troutman Sanders

Troutman Pepper is pleased to announce that two members from our team, Molly DiRago and Sadia Mirza have been selected by the IAPP to serve on advisory boards. Molly will join the Privacy Bar Section Advisory Board, and Sadia will join the Women Leading Privacy Advisory Board for terms beginning January 1, 2022. A huge congratulations to them both! Please help us spread the word by sharing with your networks.

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Edward Christian Earns Top Award at Birmingham Business Journal CEO Awards

Burr Forman

Burr & Forman LLP is pleased to announce that Chief Executive Officer Ed Christian was named a winner at the Birmingham Business Journal CEO Awards, earning top honors in the category for businesses with 100-299 local employees. Finalists and winners were honored at a December 12, 2021 event at Protective Stadium and in a special section published on December 13.

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Human Intervention Still Answers the Call: Northern District of California Curtails Text-Based TCPA Class Action

Troutman Sanders

Companies are continuing to reap the rewards of the Supreme Court’s decision in Facebook v. Duguid earlier this year, in which the Supreme Court confirmed a narrow reading of the Telephone Consumer Protection Act’s (TCPA) much-beleaguered definition of an automatic telephone dialing system (ATDS). In the latest victory, Pascal v. Concentra, Inc. , out of the Northern District of California, the district court granted summary judgment to the defendant company, holding that the text messages at is

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CFPB Takes Action Against Access Funding and Its Leadership for Misleading Consumers with Structured Settlements

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) took action against Access Funding and two executives for steering consumers considering signing away future structured settlement payments for lump sum payments to receive “independent advice” from an attorney, Charles Smith, who was paid directly by Access Funding, and indicating to consumers that the transactions required very little scrutiny.

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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.