Thu.Jul 21, 2022

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More People Having Problems Making Ends Meet: Survey

Account Recovery

Three-quarters of individuals earning less than $100,000 per year say their earnings are falling behind their cost of living, compared with 50% who said so 22 months ago, according to the results of a survey released by Primerica. As well, the number of individuals who have an emergency savings fund that could cover an expense … The post More People Having Problems Making Ends Meet: Survey appeared first on AccountsRecovery.net.

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Do not put off hiring a collection agency this year

American Profit Recovery

Our economy is changing, and you need to be ready! If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Economic conditions are changing rapidly, and your ability to weather the shifting conditions could rely on just a few basic principles and techniques in your business.

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Daily Digest – July 21. Getting to Know Larry Baker of RGS Financial; ACA’s Convention Kicks Off

Account Recovery

GETTING TO KNOW LARRY BAKER OF RGS FINANCIAL The accounts receivable management industry is full of people who found a home once they started working in it. More than a home, really. A purpose. Larry Baker is one of those types of people. Someone who may have been able to carve out a nice living … The post Daily Digest – July 21. Getting to Know Larry Baker of RGS Financial; ACA’s Convention Kicks Off appeared first on AccountsRecovery.net.

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How to Buy Stuff That Lasts

Nerd Wallet

Savvy consumers consider price, performance and reliability when making a major purchase, such as a car or home appliance. The greatest of these is reliability — particularly lately. Supply chain disruptions can mean long waits for parts or replacements if something breaks. Getting a new refrigerator, dishwasher or other major appliance now often takes weeks.

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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 Grants MTD in FDCPA Case Over Mis-Spelled Name in Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss, ruling that it did not violate the Fair Debt Collection Practices Act by including additional information in a collection letter that the plaintiff said made him confused about to whom to pay and because the letter accidentally omitted one character from … The post Judge Grants MTD in FDCPA Case Over Mis-Spelled Name in Letter appeared first on AccountsRecovery.net.

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ACA’s Convention Kicks Off, Ready to Help Attendees Meet Challenges of Collecting in Today’s New World

Account Recovery

ORLANDO — The first networking event of a convention sets the tone for the entire event. Putting the attendees all in the same room and listening to the topics that are discussed and the tones that are used tell you just about everything you need to know about the state of the industry. Yesterday, ACA … The post ACA’s Convention Kicks Off, Ready to Help Attendees Meet Challenges of Collecting in Today’s New World appeared first on AccountsRecovery.net.

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Smart Money Podcast: Building the Right Team

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week, we talk with a business owner about how she launched her IT consulting business, the way she learned to choose the right partners and what her exit strategy is. Check out this episode on any of these platforms: Apple Podcasts. Rosalie Murphy writes for NerdWallet.

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Visual Aid: Workflow Management Can Be Different Now

NCBA Law Practice Management Blog

Law firms have developed workflows in much the same way for years and years. And, those are standard task lists, with timekeepers and reminders attached. For someone who is trying to learn a workflow – or , even , to better understand them – that can be kind of daunting. Like : ‘Hey , learn this new thing’ – and: Wall of Text! Now, most people are visual learners.

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A Positive Sign for College Enrollment — Finally

Nerd Wallet

After a two-year slump in college enrollment, there’s at least one early indicator of a reversal ahead: Financial aid application submissions are up. The latest federal data, tracked by the National College Attainment Network, or NCAN, show 4.6% more high school seniors completed the college financial aid application compared with 2020. The application, known as.

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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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Delaware Overdraft Fee Decision Highlights Ongoing Compliance Concerns for Opt-In Forms

Troutman Sanders

On July 19, the U.S. District Court for the District of Delaware issued a decision that should draw the attention for banks that charge overdraft fees for overdraft protection. In Miller v. Del-One Federal Credit Union , plaintiff Joanne Miller alleged that the defendant credit union violated Regulation E, promulgated under the Electronic Fund Transfers Act and administered by the Consumer Financial Protection Bureau (CFPB), as well as committed fraud under the Delaware Consumer Fraud Act.

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How to Book Cheap Qantas Flights Using American Airlines Miles

Nerd Wallet

Travelers often end up partial to one airline or another for a variety of reasons: loyalty program perks, specific routes or destinations, or the amenities offered to travelers. If you’re an American Airlines’ AAdvantage member or are thinking about joining the program, you might be wondering about its membership benefits. Among others, one of American.

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Fair Lending 101 for Debt Collectors

Troutman Sanders

Please join Consumer Financial Services Partner Chris Willis and his guests and colleagues Stefanie Jackman and Sarah Reise as they discuss the intersection of fair lending with collections. They cover which types of third-party debt collection processes could be subject to a fair lending review, the difference between disparate treatment and disparate impact, how the CFPB may review collection-related decisions, what a basic fair lending analysis may look like for collectors, the processes like

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How to Use the Capital One Venture X $300 Annual Travel Credit

Nerd Wallet

The Capital One Venture X Rewards Credit Card comes with a number of benefits for cardholders, including a $300 annual travel credit, Priority Pass membership, 10,000 bonus miles every anniversary, access to Capital One lounges, a minimum of 2 miles per dollar spent for every purchase and more. In this article, we’ll show you how. Josh Garber 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?