Fri.Sep 18, 2020

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Daily Digest – September 18. Appeals Court Forbids Incentive Payments in Class Action Suits; Judge Dismisses Whistleblower Suit Filed by Agency Employees

Account Recovery

APPEALS COURT RULES INCENTIVE PAYMENTS IN CLASS ACTION SUITS ARE FORBIDDEN The Eleventh Circuit Court of Appeals ruled yesterday in a Telephone Consumer Protection Act case against a debt collector that incentive payments for the named plaintiff in a class-action lawsuit are illegal under Supreme Court precedent dating back more than 130 years. JUDGE DISMISSES … The post Daily Digest – September 18.

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Is the Customer Always Right? How to Tell A Client 'No'

Enterprise Recovery

Whether you're working for an company or on your own, the thought of saying 'no' to a client can be panic-inducing. It can be especially stressful if you're starting your own business or trying to grow your new business. The good news is that there are particular situations that actually call for a resounding negative response. When you say "no," you can feel like you're doing what's right for you and your business.

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ACA International and HFMA Release New Best Practices for Resolution of Medical Accounts

Account Recovery

Minneapolis, Minnesota – September 17, 2020 – ACA International and the Healthcare Financial Management Association Accounts Receivable Resolution Task Force reconvened this year to update best practices for the fair resolution of patients’ medical bills and address financial assistance policies in response to the COVID-19 pandemic and potential future public health emergencies.

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6 Best Prepaid Debit Cards

Nerd Wallet

+ Summary: Best prepaid debit cards Bluebird by American Express: Cheapest. Movo Virtual Prepaid Visa: Cheapest. Fifth Third Access 360° Reloadable Prepaid Card: Best for ATM withdrawals. Wells Fargo EasyPay Prepaid Card: Best for free reloads. FamZoo Prepaid Card: Best for budgeting. Greenlight Prepaid Mastercard: Best for budgeting. Chime: Best cheap prepaid alternative.

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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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Supreme Court Sets Date to Hear Arguments in TCPA ATDS Case

Account Recovery

Mark your calendars, ladies and gentleman. December 8 is not just a day that is two days before my birthday anymore. That Tuesday will be the day that the Supreme Court will hear arguments in Facebook v. Duguid, a case that aims to settle — once and for all — how an automated telephone dialing … The post Supreme Court Sets Date to Hear Arguments in TCPA ATDS Case appeared first on AccountsRecovery.net.

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Appeals Court Rules Incentive Awards in Class-Action Suits Are Forbidden

Account Recovery

The Eleventh Circuit Court of Appeals ruled yesterday in a Telephone Consumer Protection Act case against a debt collector that incentive payments for the named plaintiff in a class-action lawsuit are illegal under Supreme Court precedent dating back more than 130 years. A copy of the ruling in the case of Johnson v. NPAS Solutions … The post Appeals Court Rules Incentive Awards in Class-Action Suits Are Forbidden appeared first on AccountsRecovery.net.

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Supreme Court To Hear Facebook ATDS Argument on December 8th

TCPA

On September 16, the U.S. Supreme Court announced that it will conduct a telephonic oral argument for the Facebook, Inc. v. Duguid matter on December 8, 2020. As regular readers of our blog know, the Supreme Court granted Facebook, Inc.

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Judge Dismisses Whistleblower Lawsuit Filed By Collection Agency Employees

Account Recovery

A District Court judge in Illinois has dismissed a whistleblower lawsuit filed against a healthcare provider, medical debt collection agency, and a medical billing company, alleging they engaged in a “ghost payroll” scheme that resulted in a larger Medicare payment from the federal government than the provider was entitled to. A copy of the ruling … The post Judge Dismisses Whistleblower Lawsuit Filed By Collection Agency Employees appeared first on AccountsRecovery.net.

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How Frugal Fashionistas Can Stay on Trend

Nerd Wallet

Nowadays, it’s not just celebrities who wear high-end clothing and accessories. The influencers filling your social media feed likely wear them, too. Millennials love buying luxury names, according to Thomai Serdari, academic director of the Fashion & Luxury MBA at NYU Stern School of Business and brand strategist at Brand(x)Lux. Some younger people are environmentally.

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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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MyBalanceOnline.com Relaunches as Promptd™ Payment Portal

BYL Collections

BYL Collections offers a secure customer payment portal for our consumer-facing clients called MyBalanceOnline.com. Clients such as healthcare, property management, utilities and more have adopted this option for accounts receivable collections and bad debt recovery. We're excited to announce a relaunch and upgrade from MyBalanceOnline to Promptd™ Payment Portal.

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Should You Get the Chase Freedom Flex? 4 Things to Consider

Nerd Wallet

The new Chase Freedom Flex? is aptly named and, as flexes go, it’s a pretty major one. Rotating 5% bonus categories? Check. Ongoing bonus rewards in popular categories like dining and travel? Check. Mouthwatering bonus that includes grocery store spending? Check. Annual fee of $0? Check. If you’re looking to beef up your wallet, the Chase Freedom Flex?

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How to Remove National Credit Services from Your Credit Report

Better Credit Blog

Failing to pay a debt may culminate into being pursued by a debt collector. National Credit Services is one such debt collector that may contact you if you fail to make payments on an overdue bill. If National Credit Services contacts you, it means that they have either been hired by your original creditor or have acquired the debt from your original creditor.

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How to Get the Most from the World of Hyatt Credit Card

Nerd Wallet

The World Of Hyatt Credit Card packs a punch. Though it carries a $95 annual fee, this hotel credit card comes with an impressive lineup of perks that easily outweigh the fee if you can take advantage of them. Here’s how to get the most out of The World Of Hyatt Credit Card. Get the sign-up. Michael McHugh is a writer at 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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How to Remove Southwest Credit Systems from Your Credit Report

Better Credit Blog

Nothing is quite as nerve-wracking as receiving a call from a debt collector. They are notoriously rude and their presence on your credit report can have a significant impact on your credit health. If you have heard from a debt collector called Southwest Credit Systems recently, you may already be aware of their entry on your credit report. Having a collections account on your credit report can cause your score to drop for up to seven years – even if you pay the balance of the debt.

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Delta SkyMiles Credit Cards Boost Their Welcome Offers (Limited Time)

Nerd Wallet

Delta Air Lines credit cards have significantly boosted welcome offers for new cardholders, dangling thousands more Delta SkyMiles as an incentive to apply for an airline card during the worldwide pandemic, when relatively few people are flying. Here are the welcome offers for new holders of these cards by American Express: Delta SkyMiles® Gold American.

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How to Remove CACH LLC from Your Credit Report

Better Credit Blog

If you have heard from CACH LLC recently, they are likely pursuing you for an old debt. This means that they have either been hired by your old creditor or have acquired the debt from them to profit on your payments. Either way, CACH LLC will need to open a collections account on your credit report in order to legally pursue payment. This can mean trouble for your credit score.

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Bank and Credit Union Reviews from NerdWallet’s Experts

Nerd Wallet

NerdWallet’s experts have reviewed and rated dozens of banks and credit unions to help you find those with the best accounts, branch and ATM availability, customer service and more. Below is an overview of the financial institutions that we’ve analyzed, with a special spotlight on a few that received high ratings for both checking and savings. NerdWallet is a writer at 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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Construction Industry Webinar: Construction Delay Claims – Best Practices for Subcontractors

Jimerson Firm

Construction Delay Claims: Best Practices for Subcontractors aired on Thursday, September 10, 2020. It provided legal insight and best practices to employ throughout a project to improve your chances of successfully bringing a claim for delay, disruption, or acceleration. This Managing Problem Projects webinar was geared towards Subcontractors and was presented by three of our partners from the construction industry team.

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Earnest vs. SoFi: Which Is Better for Refinancing Student Loans?

Nerd Wallet

If you’re shopping for a student loan refinance lender, Earnest and SoFi are strong options. NerdWallet gives both five stars and rates their refinancing loans among the best overall. The right choice is the one that saves you the most money. But if you’re debating Earnest versus SoFi because their interest rates are similar, compare. Ryan Lane is a writer at NerdWallet.

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FICO Named Category Leader for Cyber Risk Quantification

Fico Collections

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. Our FICO Cyber Risk Score is becoming the de-facto cyber risk score for enterprise self-assessment, third-party risk management and insurance underwriting. . As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

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Fidelity Review: Online Cash Management Account

Nerd Wallet

The Fidelity Cash Management account is technically a brokerage account, which means it’s not a bank account and doesn’t have the same regulations or offerings (like a savings account) that a bank would have. The FDIC insurance that it offers comes from the partner banks that Fidelity works with. As is the case with most. Chanelle Bessette is a writer at 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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How finance professionals make a difference in the order-to-cash process

On Guard

How finance professionals make a difference in the order-to-cash process. Evolving technology has turned current business models on their head and has helped to ensure greater efficiency in business processes. In finance departments, intelligent software tools and robots are already partially or fully running repetitive actions. This form of digital transformation is high on the agenda for 84% of finance professionals, according to Onguard’s annual FinTech Barometer.

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How to Get the Most from the Chase Freedom Card

Nerd Wallet

The Chase Freedom® is a cash-back credit card with no annual fee. With up to 5% cash back on some purchases, it works as both a primary spending card and a complementary card that you use alongside other cash-back or Chase Ultimate Rewards® cards. Chase is no longer accepting new applications for this card with. Eric Rosenberg is a writer at NerdWallet.

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How To Identify High-Risk Businesses

Micro Bilt

Identifying a high-risk business is as simple as understanding your industry and how payments are processed through your website.

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Women’s Podcast Series: Episode 2 “Managing Stress & Anxiety”

Burr Forman

In episode 2 of the Women’s Podcast Series, Burr partner Callie Whatley discusses managing stress and anxiety during the current pandemic. She is joined by Carissa Dore, a licensed psychotherapist, and owner of “Every Girl Living”, a company focused on helping women heal, grow, and conquer the challenges they face. Callie is a partner in the firm’s Birmingham office and serves as the firm’s Corporate and Tax Group Vice-Chair.

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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.