Thu.Jun 16, 2022

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Getting to Know Ken Aldrich of Harris & Harris

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Ken Aldrich of H

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A much-needed employee appreciation week

American Profit Recovery

Recently we held our annual employee week and it was a long time coming! It was so refreshing to have our team together again and kick back, relax and have some much-needed fun and games. This has been an annual event for many years at American Profit Recovery but it’s no surprise that we were unable to pull it off for the past two years because of COVID-19.

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Daily Digest – June 16. Getting to Know Ken Aldrich of Harris & Harris; Appeals Court Reverses Ruling in Favor of Collection Law Firm

Account Recovery

GETTING TO KNOW KEN ALDRICH OF HARRIS & HARRIS Ken Aldrich might not like being called a boss, but he does love leading a team. The ability to motivate is just something he was born with, which explains that given the opportunity to work in any other job, he still chose being a corporate trainer. … The post Daily Digest – June 16. Getting to Know Ken Aldrich of Harris & Harris; Appeals Court Reverses Ruling in Favor of Collection Law Firm appeared first on AccountsRecovery.n

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EOFY Demand template

Collect More

Here you go folks. If this doesn’t get you some money in the next 2 weeks then nothing will. Feel free to use liberally and share with anyone you think will benefit. Just add your customer’s name, your bank details and the amount and hopefully watch the $$$ roll in. Obviously the $100 token payment can be increased if needed too. $100 is historically in our experience just the most common amount almost everyone has access to at any one time.

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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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Appeals Court Reverses Ruling in Favor of Collection Law Firm

Account Recovery

The Court of Appeals for the Sixth Circuit has overturned a lower court’s ruling in favor of a collection law firm that was sued for attempting to collect a debt from the spouse of the actual debtor, ruling that the law firm did not exhaust all of its efforts to collect from the actual debtor … The post Appeals Court Reverses Ruling in Favor of Collection Law Firm appeared first on AccountsRecovery.net.

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More Trending

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Study Breaks Down Medical Debt Problem Across the Country

Account Recovery

More than half of adults in the United States have gone into debt in the past five years because of a medical or dental bill, according to the results of a nationwide survey, and about 20% of those adults say they don’t ever expect to fully repay those debts. The poll was accompanied by a … The post Study Breaks Down Medical Debt Problem Across the Country appeared first on AccountsRecovery.net.

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Carfax App Review: Find a Car

Nerd Wallet

Carfax’s mobile car-buying app has a somewhat narrow focus, as it shows only used cars being sold at dealerships that provide free Carfax vehicle history reports. However, the app offers valuable tools and insights, like a widget that compares a vehicle’s list price with its Carfax value, and a payment calculator that uses your credit. Cara Smith writes for NerdWallet.

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CFPB Calls for Standard Credit Reporting on BNPL Debts

Account Recovery

The Buy Now, Pay Later (BNPL) space is a new form of credit, and like anything new, it is going through growth stages and reaching new milestones everyday. The Consumer Financial Protection Bureau yesterday published a blog post pointing out the need for standardization in how BNPL debts are reported on consumers’ credit reports, as … The post CFPB Calls for Standard Credit Reporting on BNPL Debts appeared first on AccountsRecovery.net.

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Polkadot (DOT) Cryptocurrency: Current Price and How It Works

Nerd Wallet

Polkadot is both a cryptocurrency and a protocol, or blockchain platform, that allows users to send and receive assets or data. The protocol is particularly novel because it facilitates transfers across blockchains without needing an intermediary or exchange. Polkadot was launched in 2020 and is the flagship project of the Web3 Foundation, an effort launched.

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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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FFIEC Announces Availability of 2021 Data on Mortgage Lending

Consumer Finance

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions. Covered institutions include banks, savings associations, credit unions, and mortgage companies.

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How Much Is Travel Insurance?

Nerd Wallet

Are you planning on traveling anytime soon? If you’re knee-deep in hotel reservations, flight tickets and tour bookings, you may be experiencing a little sticker shock at the amount of money you’ve been spending. While vacations can be exciting, they can also be expensive — and if something goes awry, you may not be able. Carissa Rawson writes for NerdWallet.

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CFPB Addresses Credit Reporting in Buy Now Pay, Later Market

Troutman Sanders

In a blog post released June 15, the Consumer Financial Protection Bureau (CFPB) continued to show its interest in credit reporting by Buy Now, Pay Later (BNPL) lenders. Recognizing the importance of credit reporting to consumers building credit profiles through payment of BNPL obligations, the CFPB encouraged BNPL lenders to report both positive and negative information and consumer reporting agencies (CRAs) to expeditiously develop uniform reporting standards so that the data can be included i

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Smart Money Podcast: How to Reduce Child Care Costs

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode is a Nerdy.

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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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US Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

Home. Blog. FICO. US Bankcard Industry Benchmarking Trends: 2022 Q1 Update. We are seeing unemployment rates at historical lows, so what is causing US Bankcard delinquency rates to increase? asokolowski@speednet.pl. Fri, 06/03/2022 - 12:48. by Leanne Marshall. expand_less Back To Top. Thu, 06/16/2022 - 15:00. FICO releases quarterly US Bankcard Industry Benchmarking trends, previously these were published on the FICO Community but going forward will be published on FICO.com blog.

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Will a Business Loan Affect Getting a Mortgage?

Nerd Wallet

A business loan can, in some situations, affect your ability to get a mortgage. Your mortgage lender will be interested in the degree to which you’ve combined your business finances with your personal finances. This includes how your business is structured, whether you’ve personally guaranteed the business loan and how closely your personal and business.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Home. Blog. FICO. Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. FICO. Tue, 07/23/2019 - 04:13. by Bruce Curry. expand_less Back To Top. Thu, 06/16/2022 - 15:20. In a previous military life, the phrase 'Absence Of Normal, Presence Of Abnormal' was a mantra for staying one-step ahead of nasty surprises.

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Can You Bring Food on an Airplane?

Nerd Wallet

If you don’t frequently travel by plane and have a trip coming up, you may be wondering: Can you bring food on an airplane? In most cases, yes, you can bring food with you. What’s more, you don’t necessarily have to buy food at the airport or wait until you get to your destination to. Natasha Gabrielle writes for NerdWallet. Email: travel@nerdwallet.com.

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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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State Attorneys General Call on Financial Giants to Eliminate Overdraft Fees

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and guests Troutman Pepper Associates Chris Carlson and Susan Nikdel as they discuss the multistate coalition of state attorneys general calling on many of the nation’s largest banks to eliminate overdraft fees. The conversation focuses on what was done, which state attorneys general participated, the current controversy surrounding overdraft fees, and several key takeaways for the industry going forward.

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Known Traveler Number: What You Need to Know

Nerd Wallet

The U.S. Transportation Security Administration launched TSA PreCheck in December 2013. This Trusted Traveler Program, designed to make airport security a smoother experience for its members at select airports across the U.S., is available to travelers who pay an $85 fee and complete a background check, in-person interview and fingerprint scan. After completing the necessary.

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What Should You Know If You Have Debts In Collections?

Taurus Collect

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. While the debt shown in the collection can negatively impact your credit score, the severity of the impact reduces over time.

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The Guide to Chase Transfer Partners

Nerd Wallet

Chase Ultimate Rewards® are some of the most valuable transferable points available. Points can be redeemed for travel through the Chase Ultimate Rewards® portal for about 1.25 cents each if you have a Chase Sapphire Preferred® Card or about 1.5 cents each if you have a Chase Sapphire Reserve®. However, you can get more value. JT Genter 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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CFPB requests information regarding relationship banking and customer service

Public Citizen

The Consumer Financial Protection Bureau is seeking public input on how bank customers can assert their rights to better customer service with big banks. A 2010 federal law specifies that consumers have rights to obtain timely responses to requests for information about their accounts from large depository institutions. In a Request for Information issued this week, the CFPB seeks data about, and consumer experiences with, the obstacles that may prevent people from receiving high standards of cu

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Money News & Moves: Prices and Rates Surge, Stocks and Crypto Slide

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. We’re seeing higher prices for just about everything. Is anybody doing anything about it? Last week, the government reported.

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How to Buy AMD Stock

Nerd Wallet

You don’t have to be a nerd to want to get your hands on some tech stock — information technology drives a significant part of the U.S. economy, after all. One such technology company, Advanced Micro Devices Inc., or AMD, produces semiconductors used in computers and competes with such companies as Intel and Samsung. Here’s. Alieza Durana writes for NerdWallet.

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