Tue.Nov 16, 2021

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Daniel Bloomgarden Joins Applied Innovation

Account Recovery

Dan Bloomgarden recently joined Applied Innovation as its Vice President of Business Development. Bloomgarden brings more than a decade of experience in the accounts receivable management and payment processing industries with him to the company. Bloomgarden received a Masters in Business Administration in Strategic Management from Temple University’s Fox School of Business.

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You’re not a bank- how to stop your customers from treating you like one.

Collect More

Anyone who has been in business for a while will know that we are entering the danger zone. The annual period where getting paid is like pulling teeth. Thankfully it is still mid November so there is still time to plan, prepare and cope. The best advice I can give you right now is this- be up front and honest with your customer and ask them, before you start work or provide the goods and services, if they are going to be able to pay on time.

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California DFPI Proposes Changes to Definitions Under New Licensing Law

Account Recovery

The California Department of Financial Protection & Innovation has issued another set of proposed modifications to its licensing application and procedures for applying for a license, and is seeking comments between now and the end of the month on those proposed changes. Like the industry doesn’t have anything else to worry about between now and … The post California DFPI Proposes Changes to Definitions Under New Licensing Law appeared first on AccountsRecovery.net.

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How Do I Get My Attorney’s Fees in Litigation After a Settlement is Reached?

Jimerson Firm

When lawsuits are filed, sometimes the prevailing party is entitled to attorney’s fees. As a general rule in Florida, those attorney’s fees may only be awarded if a statute or contract allows for them. See State Farm Fire & Cas. CO. v. Palma , 629 So.2d 830, 832 (Fla. 1993). For example, in lawsuits involving a homeowners’ association and one of its members, Florida Statute § 720.305 provides that attorney’s fees are awarded to the “prevailing party.

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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 Denies Plaintiff’s Motion to Remand FDCPA Case Back to State Court

Account Recovery

A plaintiff has lost his battle to keep his lawsuit against a debt collector in state court, ruling that the plaintiff’s “explicit” allegations of violations of both the Fair Debt Collection Practices Act and the Federal Trade Commission Act, as well as his demand for damages under both of those statutes require that the case … The post Judge Denies Plaintiff’s Motion to Remand FDCPA Case Back to State Court appeared first on AccountsRecovery.net.

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State AGs Call on FCC to Strengthen Protections When Assigning Phone Numbers

Account Recovery

Attorneys general from all 50 states and the District of Columbia sent a letter to the Federal Communications Commission supporting efforts to strengthen the process by which official and legitimate phone numbers are handed out, in an effort to keep those numbers out of the hands of illegitimate companies that use the numbers to make … The post State AGs Call on FCC to Strengthen Protections When Assigning Phone Numbers appeared first on AccountsRecovery.net.

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Survey: Most Like Their Bank; What To Seek if You Don’t

Nerd Wallet

Do you like your bank? According to a new NerdWallet survey, just over half of American banking consumers (53%) say they’re very satisfied with their current primary bank — defined as the bank that they use most often — while others feel only somewhat satisfied (30%) or unsatisfied (17%) with this financial institution. The NerdWallet survey of. Erin El Issa writes for NerdWallet.

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Bank Settles Collection Call Lawsuit for $3.5M

Account Recovery

A coalition of District Attorneys from across the state of California have reached a settlement with Synchrony Bank that will see the creditor pay $3.5 million in fines and restitution after it was sued for making “unreasonably frequent and harassing” phone calls to individuals in California attempting to collect on unpaid debts. The company will … The post Bank Settles Collection Call Lawsuit for $3.5M appeared first on AccountsRecovery.net.

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Should I Get the Capital One Venture X Card?

Nerd Wallet

The Capital One Venture X Rewards Credit Card is a premium travel card that comes with top-flight benefits like lounge access, annual travel credit, rich rewards rates and a sizable sign-up bonus: Earn 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months from account opening, equal to $1,000 in travel. The. Funto Omojola writes for NerdWallet.

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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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Q&A With Rick Bonitzer

Account Recovery

There is a lot for Rick Bonitzer to be excited about these days. His recently rebranded company — PayCourt (more on that in a minute) — was recently awarded a Torch Award by the Better Business Bureau. The company is one of only a few in the accounts receivable management industry to ever win such … The post Q&A With Rick Bonitzer appeared first on AccountsRecovery.net.

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7 Things You Should Know Before Getting the Chase Freedom Unlimited

Nerd Wallet

The Chase Freedom Unlimited® is an excellent rewards credit card for both amateur points and miles enthusiasts and the pros in the award travel field. The card earns cash back on every purchase, some of which qualify for bonus earnings, and the annual fee is $0. If you’re considering applying for the card, here are. Anya Kartashova writes for NerdWallet.

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Daily Digest – November 16. Judge Denies Plaintiff’s Motion to Remand FDCPA Case; Bank Settles Collection Call Lawsuit For $3.5M

Account Recovery

JUDGE DENIES PLAINTIFF’S MOTION TO REMAND FDCPA CASE BACK TO STATE COURT A plaintiff has lost his battle to keep his lawsuit against a debt collector in state court, ruling that the plaintiff’s “explicit” allegations of violations of both the Fair Debt Collection Practices Act and the Federal Trade Commission Act, as well as his … The post Daily Digest – November 16.

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The 6 Best Marriott Category 5 Hotels

Nerd Wallet

Nestled in the middle of the Marriott Bonvoy award chart, Category 5 properties offer some of the best value to travelers who redeem Marriott points for hotel stays — the redemption rates aren’t too high, and the value proposition can be pretty good. You can book a room at a Category 5 Marriott property for: Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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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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What happens to a Business Debt when a Company gets struck off?

UK debt collections

If a Limited Company has debts they cannot afford or want to avoid paying, they sometimes go down the route of getting the company ‘struck off’ or ‘dissolved to effectively close the company. If a Company Director is trying to get their company struck off to avoid paying company debts, it is advisable to exercise extreme caution. Striking off a company at Companies House.

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New York’s New Year's Ball Drop Is Back: How To Pay for It

Nerd Wallet

One of America’s biggest winter holiday traditions is back this year after getting massively scaled back in 2020. The Times Square ball drop is set to ring in 2022, and it should be largely similar to its pre-pandemic ways aside from one major change: You’ll need proof of vaccination and a valid photo ID to. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Can Real Estate Replace Bonds in Your Retirement Portfolio?

Credit Corp

This article originally appeared on Spark Rental and has been republished here with permission. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. What Is the Purpose of Bonds in Your Portfolio? Bonds have historically served as a counterweight to stocks, as investors approach retirement.

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IPhone Black Friday 2021 Deals: Are They Worth It?

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Apple released its new iPhone 13 models in September. These new devices will be a major. Lauren Schwahn 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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Article on Article III standing, Spokeo, and TransUnion

Public Citizen

Law prof Elizabeth Earle Beske has written  Charting a Course Past Spokeo and TransUnion. Here's the abstract: The Supreme Court’s 5-4 decision in TransUnion LLC v. Ramirez has dramatically upended standing doctrine, apparently out of concern that any other move will invite congressional manipulation and give rise to even greater evils. The Court has done so at considerable cost.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. Auto insurance prices tend to inch up over time, but. NerdWallet writes for NerdWallet.

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Health Care E-Note November 2021

Burr Forman

Helpful hints. OIG Updates Health Care Fraud Self-Disclosure Protocol (“SDP”) . On November 8, 2021, the OIG issued an updated SDP to providers, which included clarifications of existing guidance and increased the minimum settlement amounts OIG will accept. OIG originally published the SDP in 1998 to “establish a process for persons to voluntarily identify, disclose, and resolve instances of potential fraud involving Federal health care programs.

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From Cryptocurrency to Cash: How to Bank Your Digital Coin

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem.

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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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Landlord Tenant Evictions rise by 207%

UK debt collections

The latest statistics released by the Ministry of Justice have shown there were 4,853 landlord possessions across England and Wales between July and September. This figure was up 207% from the previous quarter when there were 1,582 possessions. A total of 10,202 possession claims were issued during this period. Of these, 4,373 were from private renters and 3,681 from social landlords.

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Best Commercial Truck Insurance

Nerd Wallet

There’s no such thing as one-size-fits-all commercial truck insurance. Coverage needs are as unique as the driver inside the rig and the load they’re hauling. It’s essential to understand what type of coverage you’re required to have — by states, shippers, and brokers — and evaluate other coverage needs. Beyond physical damage and liability, common.

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Failed Private School was owed £51k in Unpaid School Fees

UK debt collections

Administrators for a failed Private School in Derbyshire have revealed that they were owed £51,536 by debtors for unpaid school fees at the time of closure. The church run Ockbrook School owed creditors more than £2 million pounds when it was forced to closes its doors due to financial issues this summer. The School has over 140 creditors listed and administrators have warned they may never get what they are owed.

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Share and Share Alike: How Modern Document Storage Systems Increase Law Firm Security

NCBA Law Practice Management Blog

Email is good for email; but, when law firms start to try to expand the uses of email into broader technology functions – that’s where they run into trouble. Like when attorneys try to convert their productivity software into case management software. (In case you haven’t tried it, that doesn’t work because productivity software is decidedly not a relational database.

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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.