Thu.Jul 29, 2021

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Daily Digest – July 29. Getting to Know David Speed of Nationwide Credit; Report from Day 1 of ACA’s Convention

Account Recovery

GETTING TO KNOW DAVID SPEED OF NATIONWIDE CREDIT Honesty is a big part of what makes David Speed special. Reading his answers to the questions below, honesty is a theme that runs through many of the experiences that has shaped him, from getting his start in the ARM industry to his leadership style. Read on … The post Daily Digest – July 29.

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With PPP Closed, Small Businesses Have These Funding Options

Nerd Wallet

As the economy bounces back and the U.S. transitions out of the pandemic, small-business owners will need access to capital to both recover and grow. However, since federal relief from the Paycheck Protection Program ended on May 31, business owners may be wondering where to get financing or looking for new options after an unsatisfactory. Randa Kriss writes for NerdWallet.

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Report from Day One of ACA International’s Convention

Account Recovery

LAS VEGAS — Some notes and tidbits from Day One of ACA International’s Annual Convention, which kicked off today. Former NFL Coach Shares Leadership Principles Dick Vermeil, who is the only NFL coach in history to coach three different teams and never get fired, shared his principles of leadership during the event’s opening session.

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The 5 Worst Investment Tips on TikTok

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. Do-it-yourself is fine when the stakes are low; everything you need to know about patching drywall is on TikTok. But what about when the stakes are high?

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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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CFPB Confirms Effective Date for Debt Collection Final Rules

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 2021.

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Two elite law reviews sneer at consumer law

Public Citizen

by Jeff Sovern. I have started submitting my article, Six Scandals: Why We Need Consumer Protection Laws Instead of Just Markets , to law reviews and in hopes of winning the law review lottery, decided to try my luck at the Harvard Law Review and Yale Law Journal (as if, as my students said about twenty years ago). Anyway, both ask submitters to identify the subject area of the article and offer a list of legal subjects from which to choose.

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How to Have a Retirement Worth Saving For

Nerd Wallet

Most advice about retirement planning focuses on how to save enough money to replace your paycheck. But work provides us with a lot more than income. Many of us get a sense of meaning, accomplishment and even identity from what we do. Work also provides social connections and a structure for our days. Losing all. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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New article on the right of access to court records

Public Citizen

Jordan Elias as written 'More Than Tangential': When Does the Public Have a Right to Access Judicial Records?  Here is the abstract: Public accountability requires open proceedings and access to documents filed with the courts. The strong policy favoring access to judicial records creates a presumption against sealing documents without a compelling reason.

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Does Medicare Cover Ambulance Services?

Nerd Wallet

Medicare Part B covers ambulance transportation to a health care facility when it’s medically necessary and transportation in any other vehicle would endanger your health. The tricky part is judging when these conditions are met, especially in an emergency when no health care professional is present. If you call 911, whether the responding ambulance 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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Does Unused “Capacity” Make a Dialer an ATDS? District Court Says “No” in Ruling on Pleading Requirements After Facebook

TCPA

Three months after the Supreme Court’s landmark Facebook ruling, a growing number of trial courts have grappled with interpreting and applying the High Court’s directive. One of the more interesting decisions came out of the Eastern District of Michigan recently.

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Qatar Award Flights Can Now Be Booked With Alaska Miles

Nerd Wallet

Heads up, Alaska Airlines flyers. As of Thursday, you can now use your Mileage Plan miles to fly one of the best business class products in the world: Qatar Qsuite. Ever since Alaska joined the Oneworld alliance on March 31, 2021, points and miles nerds have been anticipating this moment. After all, the Alaska award. JT Genter writes for NerdWallet.

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Measuring Financial Resilience: Edinburgh Scoring Conference

Fico Collections

The last time I attended the Credit Scoring and Credit Control Conference at the University of Edinburgh in August 2017, my colleague Gerald Fahner and I spoke about two ostensibly different topics. In my presentation, “ IFRS 9 – Comply and Compete ,” I discussed how lenders could improve decisions across the consumer lifecycle by managing drivers of expected credit loss under the (then) new IFRS 9 international accounting standard.

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How to Change an American Airlines Flight

Nerd Wallet

American Airlines completely revamped its flight change policy in August 2020, eliminating change fees on most domestic and some international flights. It followed that up in November 2020 by eliminating change fees on all international long-haul flights (except basic economy tickets). For those wondering how to change an American Airlines flight, here’s what you need.

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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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There are many steps B2B debt collection

Collections Law

The initial step to commercial debt collection is long before you send your debtor to collection. The first step is exclusively in your hands. At the beginning of every commercial relationship you have the opportunity to control your money and set your terms. You do that with credit applications, personal guarantees and/or strong written contracts. Relying on handshakes and oral promises may feel more natural but in commercial debt collection, it is extremely helpful to have good paperwork.

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What Is Dual Agency, and Why Is It Illegal in Some States?

Nerd Wallet

In a typical sale of an existing home, there are two real estate agents — one to represent the buyer and another, the seller. Buyers and sellers have different, often competing goals, and each relies on an agent to represent their interests. Dual agency describes a situation in which the same real estate agent represents. Kate Wood writes for NerdWallet.

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Take a Security Interest to Improve Your Odds of Collecting

FFGN COLLECT NY

Did you know you can take a security interest for goods you sell on terms? And if you are loaning money you can do the same so long as the goods are not owned or pledged to another. Security interests offer you an advantage if the buyer defaults, forcing you to pursue debt collection remedies. Consider how a bank or alternative lender works: if collateralized, a loan is made based on the collateral of a borrower.

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How to Pay Yourself as an LLC

Nerd Wallet

As an owner of a limited liability company, known as an LLC, you’ll generally pay yourself through an owner’s draw. This method of payment essentially transfers a portion of the business’s cash reserves to you for personal use. For multi-member LLCs, these draws are divided among the partners. The rules are different if the LLC. Roberta Pescow 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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July 2021 Firm Newsletter: Summertime: What Does It Mean to You?

Jimerson Firm

Featured in the July 2021 Issue. Partner’s Perspective: Summertime: What Does It Mean to You? Charles Jimerson Interviewed by South Florida Media Outlets for Condo Law Expertise. Third Jimerson Birr Partner Becomes Multiyear Recipient of Statewide Legal Elite Honor. Register Now for “Navigating the Post-Pandemic Era of Rapidly Escalating Construction Prices” Partner Austin B.

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Quicken vs. QuickBooks: Which Is Best for Your Small Business?

Nerd Wallet

Comparing Quicken and QuickBooks is a bit like comparing apples and oranges. Both are financial management tools and even share a few features and functions, but the two software programs are built for entirely different uses. Quicken is a personal finance software with a few business tools tacked onto its top-tier service, Quicken Home and. Kelsey Sheehy writes for NerdWallet.

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Bill Introduced in Congress to turn CFPB Structure into Commission

Account Recovery

Maybe this time, things will be different. For not the first time, a bill has been introduced in Congress that seeks to change the leadership structure of the Consumer Financial Protection Bureau to a multi-member commission from a single director organizational structure. The bill will be introduced by Rep. Blaine Luetkemeyer [R-Miss.], the Ranking Member … The post Bill Introduced in Congress to turn CFPB Structure into Commission appeared first on AccountsRecovery.net.

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Sage Accounting Software Review: Cost, Pros, Cons

Nerd Wallet

Sage Accounting is a cloud-based small-business accounting software. With two affordable plans to choose from, Sage Accounting offers essential bookkeeping and accounting features, comprehensive reporting and inventory tracking. Despite its affordability, however, competitors like QuickBooks Online and FreshBooks may provide a more modern user experience and greater product transparency.

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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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COVID Updates — The Latest News for Employers

Fraser

Despite hopes that the COVID-19 pandemic would be behind us by now, the emergence of the more transmissible Delta variant and consumer opposition to vaccination use are leading to resurgence of infections and infection rates. Those health events are, in turn, causing local, state and now the federal government, governmental agencies, and employers, to revisit, and, in some instances, reinstate, workplace health and safety policies.

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Applicant Tracking System: The 4 Top Options for 2021

Nerd Wallet

Hiring the right people can be difficult, but having the right applicant tracking software in place can make it easier. This type of software system helps make the hiring process more automated, less intricate and easier to administer for both you and your hiring team. If you choose the right applicant tracking system for your. Brian O'Connor writes for NerdWallet.

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Should You Use Wave or QuickBooks Online?

Nerd Wallet

If you’re on the hunt for accounting software, you’ve definitely heard of QuickBooks. This comprehensive accounting system has been around for many years, and handles the books for companies of all sizes. But QuickBooks isn’t your only option for accounting software — and it may not necessarily be your best one, either. This guide compares. Katherine Fan writes for NerdWallet.

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Best Free Payroll Software for Small Businesses

Nerd Wallet

While more robust payroll software products like Gusto and QuickBooks Payroll boast modern user interfaces and a plethora of features, free payroll software is much more minimalist. For small-business owners who don’t mind a bit of manual data entry and who manage just a handful of employees, though, it can be a valid alternative to. Hillary Crawford 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.