Wed.Feb 17, 2021

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Bill Introduced in Maryland to Overhaul Collection of Medical Debts

Account Recovery

A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that … The post Bill Introduced in Maryland to Overhaul Collection of Medical Debts appeared first on AccountsRecovery.net.

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5 Ways to Foil Catalytic Converter Thieves

Nerd Wallet

Catalytic converter thefts have soared during the pandemic as drivers drive less and leave their cars unattended. Thieves can steal this antipollution device in a matter of minutes and sell it to scrap metal dealers for several hundred dollars for the precious metals it contains. A catalytic converter replacement can cost as much as $3,000. Philip Reed writes for NerdWallet.

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Judge Denies Stay Request in FCRA Permissible Purpose Case

Account Recovery

A District Court judge in Arizona has denied a motion to have a Fair Credit Reporting Act class-action case stayed against a law firm accused of accessing an individual’s credit report without a permissible purpose pending the outcome of a case before the Supreme Court. A copy of the ruling in the case of Wolf … The post Judge Denies Stay Request in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.

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Popular 2021 Home Upgrades — and How to Pay for Them

Nerd Wallet

Staying at home during the pandemic has changed the way homeowners renovate, but not always in ways you might expect. You could assume, for example, that homeowners are desperate for privacy and therefore adding more walls. But interior designer Max Humphrey says rumors of the open floor plan’s death, which bubble up every year, are. Annie Millerbernd 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 – February 17. Student Loan Collection Bill Introduced in Colorado; Bill Introduced in Maryland to Overhaul Collection of Medical Debts

Account Recovery

STUDENT LOAN COLLECTION BILL INTRODUCED IN COLORADO Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors. BILL INTRODUCED IN MARYLAND TO OVERHAUL COLLECTION OF MEDICAL DEBTS A bill … The post Daily Digest – February 17.

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The Impact of Delayed Medical Care on the Collection Industry

Account Recovery

Not surprisingly to anyone that collects medical debt and has seen a significant dropoff in placement volume in recent months, but a lot of people have skipped going to the doctor or dentist in the past year because they were worried about being exposed to COVID-19, according to a recently released study. More than 40% … The post The Impact of Delayed Medical Care on the Collection Industry appeared first on AccountsRecovery.net.

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6 Best Banks for Small Business

Nerd Wallet

The best bank for your small business depends largely on what you’re looking for: a checking account, savings account or different financial services altogether. At a minimum, you should have a dedicated business bank account to store funds and manage your day-to-day spending, but you might also visit a bank for other products, like credit. Randa Kriss writes for NerdWallet.

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Crown Asset Management Announces 2020 Firm and Agency of the Year Award Recipients

Account Recovery

Crown Asset Management, LLC is pleased to announce the recipients of the 2020 Firm and Agency of the Year Awards. Two exceptional companies are recognized each year for their significant commitment to compliance and dedication to receivables industry standards. Superlative RM is selected as 2020 Agency of the Year and Gordon, Aylworth and Tami, P.C. … The post Crown Asset Management Announces 2020 Firm and Agency of the Year Award Recipients appeared first on AccountsRecovery.net.

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Why Financial Productivity Begins with a Positive Mindset

Credit Corp

The following is a guest post by Orion Talmay, of Orion’s Method. Dealing with finances can be stressful and leave you feeling overwhelmed. It’s all too easy to ignore mounting debts or believe you’ll never save up a significant amount of money. But taking control of your life and changing the way you think can make a huge difference. We take a look at why financial productivity begins with a positive mindset.

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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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Student Loan Collection Bill Introduced in Colorado Legislature

Account Recovery

Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors. A copy of the bill, the Colorado Student Loan Equity Act, SB21-057, can be accessed by clicking here. It … The post Student Loan Collection Bill Introduced in Colorado Legislature appeared first on AccountsRecovery.net.

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Why You Should Get Your New Travel Card 6 Months Ahead of Your Trip

Nerd Wallet

If you’re like most Americans, you’ve gone a long while without traveling, and it looks like most unrestricted international travel (meaning no quarantine or coronavirus test requirements) is still a ways away. Conservative travel planners aren’t booking international flights or applying for visas anytime soon. Domestic travel also has new hurdles and challenges due to.

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How To Remove Bridgeport Financial From Your Credit Report

Better Credit Blog

Have you found an entry from Bridgeport Financial on your credit report? If so, you probably noticed a drop in your credit score. Also frustrating, the collections agency has likely been sending letters and calling you regularly. Collections accounts appear on your credit report when you fall behind on payments to a lender or a service provider. When this happens, it is important to respond quickly to stop the entry from doing extensive damage to your credit.

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Citi Flex Plan: What It Is and How It Works

Nerd Wallet

Citi Flex Plan allows cardholders to access their credit card’s line of credit in new ways, besides the usual purchases at stores and online merchants. Cardholders can essentially use their card’s credit limit to borrow money conveniently and less expensively than the typical sky-high interest rates that credit cards charge. And it gives cardholders a.

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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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2021 Black History Month Podcast: The Shaw Center – Protecting Black Property Ownership

Burr Forman

In this special episode of the Burr & Forman podcast honoring Black History Month 2021, we are joined by Burr Partner, Adam Artigliere, to talk about the Shaw Center. In this episode, Adam sheds light on the Shaw Center, a Greenville, SC-based non-profit aiming to fight against gentrification, and the role that our firm has played in the effort to continue this fight.

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Hard Truths About What to Pack as a Digital Nomad

Nerd Wallet

The pandemic has transformed nomadism from an idea into a reality for many. And whether you’re just daydreaming about hitting the road full time or already doing it, you might have some questions. Where can you go? How do you pay taxes? And what should you pack? I’ve been living as a digital nomad for. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

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How To Remove Fidelity National Collections From Your Credit Report

Better Credit Blog

Fidelity National Collections is a medical debt collection company that works on behalf of healthcare providers to recover unpaid balances. If you have a large medical bill that has been left unpaid, you may begin to hear from them. Apart from their calls and letters, Fidelity Collections can have a detrimental effect on your credit score. To collect your debt, they must first open a collection account on your credit report.

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Debit Card Fraud? Act Fast to Protect Your Money

Nerd Wallet

Maybe you see an unfamiliar charge on your bank statement. Or you notice your debit card isn’t in its normal place in your wallet. If you suspect bank account fraud, now is the time to take action. Otherwise, any money that’s missing may be gone for good. Here’s what to do. Report unauthorized transactions ASAP. Margarette Burnette 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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Debt can massively impact your retirement 

Roths Child Law

No matter how much money you have or what you expect your retirement years to look like, it’s clear that your financial situation could change quickly. If they do, the debt you face -- or the lack of savings -- could really impact your retirement. . Understanding the danger you face is key to a more secure future. A millionaire’s "riches-to-rags" story illustrates the danger.

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When You Don’t Need to Buy Travel Insurance

Nerd Wallet

Protecting your trip with travel insurance is generally a good idea. A comprehensive trip insurance policy safeguards your nonrefundable, prepaid plans (flights, hotel stays and excursions) if the trip is canceled due to a covered reason. It offers reimbursement of medical expenses if you get sick or injured and require care or evacuation. Plus, it.

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Two SEC Commissioners Disagree with Stopping Contingent Settlement Offers

Burr Forman

Republican-appointee Commissioners Roisman and Peirce issued a statement on February 12 publicly disagreeing with Acting Chair Lee’s recent fiat discontinuing the Enforcement Division’s practice of proposing settlements that are contingent upon the Commission’s approval of waivers for collateral disqualifications arising from the settlement. The Commission’s actions on enforcement settlements and waiver requests were separate processes until 2019, when the Commission changed its policy to allow

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Is Southwest Early Bird Check-In Worth It?

Nerd Wallet

Southwest is a no-frills airline that doesn’t offer traditional luxuries like a first-class cabin, or even more standard options like reserved seating. If you want to get on the plane early enough to grab a good seat, you can pay extra for early boarding. But is Southwest’s Early Bird Check-In worth it? Here’s what you. Alex Cramer writes for NerdWallet.

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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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California DFPI Signs First Memoranda of Understanding with Earned Wage Access Companies

Troutman Sanders

The California Consumer Financial Protection Law (CCFPL) went into effect on January 1. The CCFPL requires the Department of Financial Protection & Innovation (DFPI), formerly the Department of Business Oversight, to establish an Office of Financial Technology Innovation (OFTI). The DFPI stated in its recent monthly bulletin that OFTI would allow it to “work proactively with entrepreneurs and create a regulatory framework for responsible, emerging financial products.

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5 Ways to Improve Your Online Business

Payment Savvy

Being an online entrepreneur is a dream job for most. It allows for freedom, flexibility, and the ability to make a boatload of money – IF you do it right. At the moment, you are probably mulling business ideas over in your head and trying to figure out how to can create a definite niche for your online business. As a wise man once told us, your last mistake is your best teacher.

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The CSA Field Adapts to COVID-19

Prosperity Now

The COVID-19 pandemic’s unprecedented impact on communities throughout the country raised new challenges for the CSA field in 2020.

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Debt can massively affect your retirement

Roths Child Law

No matter how much money you have or what you expect your retirement years to look like, it’s clear that things could change quickly. If they do, the debt you face -- or simply a lack of savings -- could really negatively impact your retirement. A millionaire’s riches-to-rags story illustrates the danger. Take, for example, the situation of one woman who worked in real estate and became a millionaire.

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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.