Tue.May 25, 2021

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Former CFPB Assoc. Dir., Caught Up in Racist Scandal, Calls out ‘Lawless’ Bureau

Account Recovery

A former associate director at the Consumer Financial Protection Bureau, who came under a wave of criticism when racist comments he made under a pen name 15 years ago were uncovered, has published an article calling out a “lawless” CFPB and equating the new leadership at the regulator to the mob, “willing to use the … The post Former CFPB Assoc.

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Lowering the stress level in your small business

American Profit Recovery

While running any type of small business can be stressful and cause business owners some type of anxiety, this past year during the coronavirus pandemic has caused more business owners and small business operators some of the hardest stress we have all seen in recent times. We worry about small business cash flow, hiring, and firing, regulations, permitting, community relations and so much more.

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Bedard Starts Breakdown of Regulation F’s New Validation Requirements

Account Recovery

Of all the areas of Regulation F that collectors are grappling with, perhaps the most challenging is the new validation notice, which collectors will be able to use to communicate specific information to consumers about their unpaid debts. The model validation notice offers some important benefits to collectors, but comes with its own set of … The post Bedard Starts Breakdown of Regulation F’s New Validation Requirements appeared first on AccountsRecovery.net.

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5 Ways to Help Small Businesses Recover From the Pandemic

Nerd Wallet

When the COVID-19 pandemic hit, communities around the U.S. rallied to help small businesses by launching “shop local” initiatives, purchasing gift cards and starting fundraising campaigns. Now that states have begun to roll back social distancing restrictions and vaccination rates continue to climb, small businesses still need continued support. “When we shop local, the statistics.

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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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FCC Issues Proposal to Protect Access to Robocall Mitigation Database Submissions

Account Recovery

The Federal Communications Commission is seeking comments on a proposal to protect information submitted to its newly created Robocall Mitigation Database. The FCC is requiring voice service providers to submit certifications that detail the providers’ efforts to stem the origination of illegal robocalls on their networks. While the creation of the database is intended to … The post FCC Issues Proposal to Protect Access to Robocall Mitigation Database Submissions appeared first on Ac

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More Trending

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Judge Rules Collection Suit Does Not Waive Arbitration Clause

Account Recovery

Filing a collection lawsuit against an individual does not waive the arbitration clause in an underlying credit agreement, ruled a District Court judge in Texas, who has granted a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act case. A copy of the ruling in the case of Dean v. Biggs & … The post Judge Rules Collection Suit Does Not Waive Arbitration Clause appeared first on AccountsRecovery.net.

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SBA Loan Denied? Here’s What to Do Next

Nerd Wallet

Having an application for an SBA loan denied can be a frustrating experience for business owners in need of financing. These loans often come with some of the best interest rates available and are partially guaranteed by the U.S. Small Business Administration, which makes them very competitive. If you’re denied an SBA loan, the right. Brian O'Connor writes for NerdWallet.

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TCN Launches Voices Analytics for Improving Agent Performance and Increasing Efficiency of Contact Center Operations

Account Recovery

ST. GEORGE, Utah – May 25, 2021 – TCN, Inc., a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs, and collection agencies, today announced the launch of its Voice Analytics, a set of advanced tools for search and discovery combined with automated call transcription and reduction. The new set of tools, offered initially as a free … The post TCN Launches Voices Analytics for Improving Agent Performance and Increasing Efficiency of Cont

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One’s Credit Builder: Build Credit With Guardrails

Nerd Wallet

One, creator of a banking app that allows you to manage multiple types of accounts in one place, is adding a feature that will function much like a secured credit card, but with an adjustable credit limit. It will become available to those ages 18 and older in the coming weeks. One’s no-fee Credit Builder. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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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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Daily Digest – May 25. Bedard Starts Breakdown of New Validation Requirements; Collection Suit Does Not Waive Arbitration Clause

Account Recovery

BEDARD STARTS BREAKDOWN OF REGULATION F’S NEW VALIDATION REQUIREMENTS Of all the areas of Regulation F that collectors are grappling with, perhaps the most challenging is the new validation notice, which collectors will be able to use to communicate specific information to consumers about their unpaid debts. The model validation notice offers some important benefits … The post Daily Digest – May 25.

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How to Make the Most of Economy Class on TAP Portugal

Nerd Wallet

TAP Portugal is the flag carrier of Portugal, headquartered in Lisbon and offering flights to North and South America, Europe, Asia, and Africa. TAP Portugal is a member of the Star Alliance, along with United, Avianca, Air Canada, Lufthansa and more. The airline offers a variety of different fare classes, and TAP Portugal economy class. Dan Miller writes for NerdWallet.

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Crown Asset Management Welcomes Seasoned Management Professional Annie Gonzales as Audit and Compliance Manager

Account Recovery

Crown Asset Management, LLC (CAM), a receivables management and specialty finance firm in Duluth, GA, is pleased to announce the addition of Annie Gonzales to its growing team of professionals. Ms. Gonzales will serve as Audit and Compliance Manager, bringing with her 21 years of experience and expertise in the Accounts Receivable Management industry.

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Data Tokenization and Encryption: Are Your Payments Protected?

PDC Flow

Security is an essential part of taking payments. If your payment communication software doesn’t take precautions with the sensitive data they help you manage, they aren’t looking out for you or your consumers. Encryption and data tokenization are essential steps to protect credit card and bank account numbers from being improperly handled. PDCflow uses both encryption and tokenization to manage sensitive consumer data.

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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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The 5 Best Business Internet Services for 2021

Nerd Wallet

While researching business internet providers may not be the most exciting part of starting a business, it might be one of the most crucial: Whether you run a tech startup or a brick-and-mortar shop, it’s likely that you rely pretty heavily on a reliable internet connection to get the job done. And for business owners, Caroline Goldstein writes for NerdWallet.

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12 Awesome Money Saving Tips for Moms

Credit Corp

This article originally appeared on A Dime Saved and has been republished with permission. Being a mom is hard work! I tried to make your life a little easier with these money saving tips for moms! Parenting not only takes a lot of effort, but it can be expensive as well. We all know how much we do as moms. We take care of the kids, cook, clean, educate, and run our houses.

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How Much Should I Pay My Employees? A Comprehensive Guide

Nerd Wallet

As a small business owner, one of your biggest financial decisions involves asking yourself the question, “How much should I pay my employees?” It’s a question most small business owners struggle with, especially those who don’t have a dedicated human resources department or who are hiring for the first time. But what to pay employees is an. Rieva Lesonsky writes for NerdWallet.

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Want to know how forced arbitration affects ordinary folks? A website has videos of them telling their stories

Public Citizen

by Jeff Sovern. Here. [Disclosure: the website is put up by AAJ, which gave St. John's a grant to fund some of my research back in 2015].

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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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Patriot Payroll Software Review 2021: Benefits, Drawbacks, Alternatives

Nerd Wallet

Patriot Payroll is a relatively affordable payroll software for small businesses, with an easy setup process and transparent pricing. The Ohio-based company prides itself on ease of use: The average small-business user is able to run payroll in under three minutes, the company says. Its full-service plan — the more expensive of the two plans it. Amrita Jayakumar writes for NerdWallet.

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Client Alert: IRS Clarifies Taxation of Dependent Care Benefits Due to Extended Grace Periods or Expanded Carryovers

Fraser

In Notice 2021-26, the IRS clarifies the taxable nature of benefits under dependent care assistance programs (“DCAPs”) that adopted the extended grace period or expanded carryover options for 2021 and/or 2022. See Notice 2021-26 (irs.gov). Specifically, the IRS states that amounts which are available under the extended grace period or expanded carryover options will be excludable from the employees’ gross income if: The amounts would have been excluded from employees’ inc

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Best Hotels for Business Travel, Broken Down by Chain

Nerd Wallet

Road warriors often have their favorite hotel brand, but in some cities, there are limited choices. In others, there might be so many choices that it is hard to decide. That’s why it can be helpful to know which brands are designed for business travelers, so you can earn points and make smart travel decisions. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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What situations can lead to bankruptcy?

Albuquerque Law

Change is constant in our lives. However, that does not always mean that these changes are positive. Unforeseen changes can disrupt your life – and many can impact your finances as well. So, what are some of these events that can increase the financial strain you face? 4 events that could result in bankruptcy. Of course, everyone faces different circumstances that can significantly affect their finances.

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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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What’s the Risk of Opening a Restaurant? Restaurateurs Weigh In

Nerd Wallet

If you’re a whiz in the kitchen who’s been complimented thousands of times about your cooking, you’ve probably toyed around with the idea of opening a restaurant. You think, “I can cook, my food is delicious, so a restaurant would be a no-brainer.” But what’s the risk of opening a restaurant? You conduct research only. Aja McClanahan writes for NerdWallet.

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How to Publish a Legal Notice of a Foreclosure Sale

Jimerson Firm

In every foreclosure action, the foreclosing lender will be required to publish some sort of legal advertisement or notice in a newspaper (e.g. the Notice of Foreclosure Sale). “Whenever a legal advertisement, publication, or notice relating to a foreclosure proceeding is required to be placed in a newspaper, it is the responsibility of the [foreclosing lender] to place such advertisement, publication, or notice.

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Main Street Businesses That Found Success—and Ideas to Start Your Own

Nerd Wallet

In the age of big-box stores and multi-national conglomerates, it’s easy to get nostalgic for the bygone days spent at your local Main Street business. Maybe you even dream of starting your own business inspired by the times when people went shopping at the neighborhood market, buying shoes from the local cobbler, or stopping at. Nina Godlewski writes for NerdWallet.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 2

Fico Collections

If we think of a lending portfolio as a night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets documented criteria. Most underwriting policies base acceptance on someone’s attributes and behavior at or before the time of application, considering how other similar applicants have behaved in the past.

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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.