Sat.Oct 01, 2022

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Court Rules Collector Owes Finder’s Fee

Account Recovery

The Court of Appeals for the Third Circuit has overturned a summary judgment ruling in favor of a collector, ruling that it does owe a finder’s fee to a company it hired to help it secure a contract to collect on debts owed to the federal government. A copy of the ruling in the case … The post Court Rules Collector Owes Finder’s Fee appeared first on AccountsRecovery.net.

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Inspire Your Startup Employees to Stay Engaged

Enterprise Recovery

Growing a new company isn't for the faint at heart. Employees must be passionate, willing to go the extra mile, and work long hours as part of a cycle of endless expectations. With so many American employees complaining of burnout and " quiet quitting ," startups are facing the same struggles as enterprise companies. Use these tips to inspire your startup employees to stay engaged.

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Bill Proposed in House to Allow Furnishing of Utility, Phone Bills to Consumers’ Credit Reports

Account Recovery

At a time when regulators are trying hard to remove items from the credit reports of individuals, a bill has been introduced in the House of Representatives that would allow payment information for utility bills, telecommunications, and public housing authorities to furnish information as a means of helping the 26 million individuals who do not … The post Bill Proposed in House to Allow Furnishing of Utility, Phone Bills to Consumers’ Credit Reports appeared first on AccountsRecovery

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How to Make Money With Bitcoin in 2022

Nerd Wallet

Making money with Bitcoin (BTC) has become increasingly difficult in 2022. Prices have tumbled following a crypto crash. Promises of free Bitcoin are often scams. Bitcoin mining, once accessible to individual investors, is now so competitive that it’s rarely a profitable venture for those with small setups. However, it’s still possible to make money with.

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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 Publishes Supervisory Highlights Report on Student Loan Servicing

Account Recovery

The Consumer Financial Protection Bureau yesterday published a special edition of its Supervisory Highlights, spotlighting the student loan servicing and collection markets and pointing out some of the issues it has uncovered when examining companies in that market. A copy of the report can be accessed by clicking here. Among the issues that the CFPB … The post CFPB Publishes Supervisory Highlights Report on Student Loan Servicing appeared first on AccountsRecovery.net.

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Daily Digest – September 30. Collector Facing Class Action Because Validation Items Not Adding Up; Bill Proposed in House to Amend FCRA

Account Recovery

COLLECTOR FACING CLASS ACTION BECAUSE VALIDATION ITEMS NOT ADDING UP A collector is facing a class-action lawsuit alleging it violated Regulation F and the Fair Debt Collection Practices Act because the items in the validation table of the Model Validation Notice do not add up and are “nonsensical” according to the complaint. BILL PROPOSED IN … The post Daily Digest – September 30.

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Is Cruise Travel Insurance Worth the Cost?

Nerd Wallet

Cruising is one of America’s favorite travel experiences. According to a 2021 report from Cruise Lines International Association, an industry trade association, 82% of cruisers will cruise again. As well, 62% of non-cruisers are open to the idea. And why not? Cruises often give travelers the chance to experience multiple destinations plus enjoy onboard entertainment, Lee Huffman writes for NerdWallet.

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Collector Facing Class Action Because Validation Items Not Adding Up Correctly

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Collector Facing Class Action Because Validation Items Not Adding Up Correctly appeared first on AccountsRecovery.net.

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How to Help Loved Ones Deal With Debt

Nerd Wallet

Juan Pinon, an electrical engineer in McAllen, Texas, struggled with credit card debt for years. It wasn’t until he confided in his sister that he began to turn things around. “It just so happened that one day I opened up to my sister, and she confessed to me that she had debt issues and was. Lauren Schwahn writes for NerdWallet. Email: lschwahn@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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FICO Safe Driving Score Measures Driver Risk

Fico Collections

Home. Blog. FICO. FICO Safe Driving Score Measures Driver Risk. What are the top characteristics that help drivers achieve a good FICO ® Safe Driving Score? FICO Admin. Tue, 07/02/2019 - 20:36. by Can Arkali. expand_less Back To Top. Fri, 09/30/2022 - 15:00. Traffic collisions result in over 1.3 million fatalities globally every year and leave tens of millions with non-fatal injuries.

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Cryptocurrency Tax Calculator

Nerd Wallet

When you sell cryptocurrency, you’ll owe capital gains taxes on any profits from the sale. This is the same tax you pay when you sell traditional investments, like stocks or mutual funds. The tax rate you use depends on how long you held the cryptocurrency before selling. If you held it for a year or. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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Five Stories that Matter in Michigan This Week – September 30, 2022

Fraser

House Bill Proposes to Establish a Version of the Telephone Consumer Protection Act in Michigan. The federal Telephone Consumer Protection Act seeks to stop unwanted telephone solicitation. Michigan House Bill 6307, the Michigan Telephone Solicitation Act (the “MTSA”), would enact similar restrictions on a state level. Why it Matters: If enacted, Michigan would follow in the footsteps of other states, such as Florida, Oklahoma, and Washington, who have implemented similar protections for residen

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Medicare Part C vs. Part D: What’s the Difference?

Nerd Wallet

There are two ways to get prescription drug coverage with Medicare: Medicare Part C and Medicare Part D. Your choice of Original Medicare or Medicare Advantage determines whether you get prescription drug coverage through Medicare Part C or Part D. Regardless of whether you choose Medicare Advantage with prescription drug coverage or Original Medicare with.

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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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Night at the Museum: Focus on Fraud event report

CICM

On a chilly Tuesday evening, Sheffield & District Branch members and guests entered the historic former combined Police, Fire and Ambulance Station in Sheffield City Centre, which is now the National Emergency Services Museum. What better place to have Focused on Fraud than in a building, which has no doubt played host to fraudsters of yesteryear, in the Police cells within?

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What Is the VantageScore 4.0 Credit Scoring Model?

Nerd Wallet

Each of the three major credit bureaus, Equifax, Experian and TransUnion, issues credit report information that scoring models use to give you credit scores. The two main scoring models are FICO and VantageScore — and these models have several versions. Let’s focus on one scoring system for now: VantageScore 4.0. VantageScore 4.0 is the latest. Lauren Schwahn writes for NerdWallet.

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Listen: Here's What Key Recession Indicators Show

NACM

⚡ Extra Credit is BACK with a hot new episode! ⚡? This week we spoke with Amy Crews Cutts about the September Credit Managers' Index results AND what some key recession indicators are currently showing.Check it out!

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How Much Do Hybrid Car Batteries Cost?

Nerd Wallet

Hybrid vehicles use different batteries than traditional gasoline-only vehicles and can run you anywhere between $1,000 and $8,000. The final price you’ll pay depends on your car’s make and model and whether you go with a new battery or a refurbished one. While the replacement of any kind of battery is infrequent, those for hybrids. Whitney Vandiver 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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What Chase Cards Come with TSA PreCheck?

Nerd Wallet

TSA PreCheck can be a benefit to any kind of traveler, including both casual and frequent flyers. It saves you from waiting so long in airport security lines, allowing you to spend more time at home or in an airport lounge. It’s even more beneficial when you can get a membership for free by using. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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