Fri.Mar 05, 2021

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Performant to Lay Off 90 at Oregon Location

Account Recovery

Performant Recovery has filed a notice with the state of Oregon that it is planning on laying off 60 employees at its location in Grants Pass, Ore., and will not bring back 31 employees who had been furloughed, citing the COVID-19 pandemic and changes to student loan collections as the reasons for the layoffs. The … The post Performant to Lay Off 90 at Oregon Location appeared first on AccountsRecovery.net.

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The common ground between sales and debt collections

American Profit Recovery

The title may grab you but let’s be clear, debt collections is not sales and it is not selling anything. However, some of the core strategies that allow a sales executive to be successful can be viewed as some of the same traits you should be implementing in your collections. Let us explain. There are always great lessons to be had and new things to be learned if you’re looking in the right places in the world of business.

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Online Lender Discloses CFPB Investigation Into Collection Practices

Account Recovery

Opportun Inc., a unit of Opportun Financial Corp., a consumer finance lender that caters to Latino immigrants, disclosed yesterday that its lending and debt collection practices are being investigated by the Consumer Financial Protection Bureau as part of an apparent wider investigation into whether small dollar lenders have violated federal consumer protection laws.

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What Types of Businesses Use Commercial Debt Recovery?

Enterprise Recovery

Commercial debt recovery, also called corporate collections or B2B debt collections, is used specifically to recover delinquent business customer accounts. Not to be confused with consumer debt collections where the delinquent account holder is an individual, commercial debts refer only to businesses. To clear up any confusion, we'll cover what's different and why.

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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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FDCPA Class-Action Filed Against Debt Buyer, Collector

Account Recovery

A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer having a proper license to operate in the state, and that the … The post FDCPA Class-Action Filed Against Debt Buyer, Collector appeared first on AccountsRecovery.net.

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Bill Introduced in Senate to Double Anti-Spoofing Fines

Account Recovery

A bipartisan bill has been introduced in the Senate that would double the penalties for individuals or entities that spoof Caller ID numbers as a means of combatting illegal robocalls. S.594, the Anti-Spoofing Penalties Modernization Act is sponsored by Sen. Susan Collins [R-Maine], and co-sponsored by Sen. Krysten Sinema [D-Ariz.], Sen. Josh Hawley [R-Mo.], and … The post Bill Introduced in Senate to Double Anti-Spoofing Fines appeared first on AccountsRecovery.net.

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Should You Book the New Hyatt Night In Package?

Nerd Wallet

Looking to get away for a little escape? Some Hyatt hotels are offering the Hyatt Night In package, which comes with a slew of perks designed to lure you out of the house for a weekend staycation or midweek getaway. Here’s what you need to know about this new package. What is a Hyatt Night. Jon Nickel-D'Andrea writes for NerdWallet. Email: travel@nerdwallet.com.

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Daily Digest – March 5. FDCPA Class Action Filed Against Debt Buyer, Collector; Online Lender’s Collection Practices Under Investigation

Account Recovery

FDCPA CLASS-ACTION FILED AGAINST DEBT BUYER, COLLECTOR A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer having a proper license to … The post Daily Digest – March 5.

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PNC Business Checking: 2021 Review

Nerd Wallet

PNC Bank offers four core business checking accounts: Business Checking, Business Checking Plus, Treasury Enterprise Plan and Analysis Business Checking. It also offers additional checking solutions based on your industry and unique financial goals, such as Non-Profit Checking, Business Interest Checking and the Interest On Lawyers Trust Account. With different accounts to choose from, and.

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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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How to Choose the Right Enterprise Fraud Solution

Fico Collections

This past year, financial institutions (along with the rest of us), had their world turned upside down. Many institutions had to balance taking the express route to becoming truly digital businesses. Also managing radically different customer behavior and suddenly having a workforce that was predominately working from home. All while still keeping customers safe and secure.

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New York State Tax: Rates, Who Pays in 2021

Nerd Wallet

New York state tax rates are 4%, 4.5%, 5.25%, 5.9%, 6.09%, 6.41%, 6.85% and 8.82%. New York state tax brackets and income tax rates depend on taxable income and filing status. Also, residency status determines what’s taxable. New York City and Yonkers have their own local income tax on top of the state tax. New. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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15 Critical Construction Contract Provisions for General Contractors

Jimerson Firm

Construction project contracts have varied nuances and needs depending on the specific project and its scope of work to be performed. Some can be satisfied in concise, short proposals while others require more detailed sections. For general contractors, understanding key contract provisions is vital to protecting both the project and the company’s bottom line.

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6 Best Banks for Small Business in Texas

Nerd Wallet

Small-business owners in Texas have a lot of options when it comes to business banking. To help you narrow down your search, we evaluated dozens of banks to find the best offerings. NerdWallet compared national and regional banks, online banks, as well as credit unions and nonbanks to identify the best banks for small businesses. Kelsey Sheehy 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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Katy Willis Discusses Latest OSHA Guidance for Modern Restaurant Management

Burr Forman

Katy Willis authored an article for Modern Restaurant Management discussing the January 29, 2021 guidance from the Occupational Safety and Health Administration (OSHA) on workplace safety during COVID-19 and the related obligations for employers in the restaurant industry. OSHA issued “ Protecting Workers: Guidance on Mitigating and Preventing the Spread of COVID-19 in the Workplace ” on January 29, which imposed additional obligations on employers to make workplaces safe for employees during th

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FHA Refinance Loan Options

Nerd Wallet

An FHA refinance is a way to save money by changing your loan term or interest rate, something many homeowners look to do when rates are low. But the Federal Housing Administration has refinancing options that can help you accomplish other goals beyond lowering your monthly mortgage payment. Knowing more about the different kinds of. Kate Wood writes for NerdWallet.

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Climate Gets Heated at the SEC

Burr Forman

On March 4, Acting Chair Allison Herren Lee announced the creation of a “Climate and ESG Task Force” of 22 members from across the Enforcement Division: Consistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct.

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Fifth Third Bank Business Checking: 2021 Review

Nerd Wallet

Fifth Third Bank has three business checking accounts, each equipped with the standard features: online banking, bill pay and mobile deposit. The bank has an extensive branch network, particularly in its home state of Ohio, which may appeal to business owners who prefer to build a relationship with their banker in person. Fifth Third Bank. Kelsey Sheehy 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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Climate Gets Heated at the SEC

Burr Forman

On March 4, Acting Chair Allison Herren Lee announced the creation of a “Climate and ESG Task Force” of 22 members from across the Enforcement Division: Consistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct.

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Lili Bank Account for Freelancers: 2021 Review

Nerd Wallet

The Lili bank account has no monthly fees, no minimum opening deposit and is completely mobile — with an app available for iOS and Android devices. Lili is designed specifically for freelancers and independent contractors, offering digital tools that allow you to categorize your business and personal expenses, save for taxes and accept payments from.

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Blast from the past: post on Barney Frank's autobiography

Public Citizen

by Jeff Sovern. Barney Frank is speaking today at the Berkeley Consumer Law Scholars Conference. Here's something I posted in 2015 on his autobiography: I just finished listening to the audio version of Barney Frank's autobiography,  Frank: A Life in Politics from the Great Society to Same-Sex Marriage , which Frank reads himself. I listened to it to learn more about consumer law--Frank was so involved in creating the CFPB that the statute doing so carries his name--but the book do

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TISLA Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Organization: The Institute of Student Loan Advisors. Mission statement: “To make certain that all student loan borrowers have access to free, neutral and accurate resources and mentoring to ensure they can successfully manage their student.

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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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Are Marriott Cash + Points Rates Worth It?

Nerd Wallet

If you’re planning a getaway to a Marriott hotel and don’t have enough points to book as an award stay, or simply want to conserve your points, you might consider making a Cash + Points booking. Marriott’s Cash + Points redemption options give you the ability to book a stay by paying a cash copay. Keith M. Rosso writes for NerdWallet. Email: travel@nerdwallet.com.

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How to Handle Debt in an Unequal Recovery

Nerd Wallet

The past year has fractured our world in countless ways. Now, as people look to pick up the pieces, those managing debt need to account for their position in our uneven economic recovery. In this so-called K-shaped recovery, one part of the population is rebounding quickly while another has a longer, slower path. For example, Sean Pyles writes for NerdWallet.

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