Account Recovery

SEPTEMBER 9, 2021

GETTING TO KNOW KEN ROWEN OF CMRE FINANCIAL SERVICES The best advice that Ken Rowen has ever received applies to how everyone in the accounts receivable management industry should operate — treat everyone well, regardless of their job title or station in life. It is following sage advice like this which has helped propel Ken … The post Daily Digest – September 9.

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Accounts Receivables Management Financial services 245

Nerd Wallet

SEPTEMBER 9, 2021

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. Fall is the perfect time to review your finances because there’s still time to make adjustments before the end of the year. The continuing pandemic and economic uncertainty are.

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Education 115

Account Recovery

SEPTEMBER 9, 2021

The Consumer Financial Protection Bureau yesterday filed a lawsuit against LendUp Loans, accusing the company of violating a consent order from 2016 in which it paid $3.6 million in fines and restitution for misleading borrowers about the cost of its loans and the benefits of repeated borrowing. Five years later, the company is essentially still … The post CFPB Sues Online Lender for Violating Earlier Consent Order, Allegedly Deceiving Borrowers appeared first on AccountsRecovery.net.

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Lender Loans 244

Nerd Wallet

SEPTEMBER 9, 2021

The price of higher education doesn’t come cheap, which means it’s a good idea to start saving while your kid is learning their ABCs — not while they’re studying for their SATs. For most people, the choice of college savings vehicle is easy: 529 plans offer some great incentives for saving. But they also come with. Arielle O'Shea writes for NerdWallet.

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Education 108

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.

Account Recovery

SEPTEMBER 9, 2021

The Attorney General of Washington has reached a settlement with a collector that it sued last year, which will see the collector pay $1.6 million in fines and restitution to consumers for allegedly deceiving them by making settlement offers in collection letters even though the collector could not enforce the debt in court. More importantly, … The post Washington AG Reaches $1.6M Settlement With Convergent appeared first on AccountsRecovery.net.

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Collections 241

Account Recovery

SEPTEMBER 9, 2021

Is there a double standard when it comes to comparing what collectors need to show when suing a consumer for an unpaid debt and what they need to show when that consumer disputes a debt? Possibly, but that is not the grounds for a Fair Debt Collection Practices Act lawsuit, according to a District Court … The post Judge Grants MSJ For Defendant in FDCPA Case Over Verification Documents appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 235

Nerd Wallet

SEPTEMBER 9, 2021

My wife and I are planning a once-in-a-lifetime, 10,000-mile, coast-to-coast road trip. The dream is an epic journey along roads less traveled, but the reality is careful planning to lower our stress, prevent mishaps and spend money where it matters and save where it doesn’t. In doing so, we’ve unearthed some great resources and made. Philip Reed writes for NerdWallet.

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Loans 80

Account Recovery

SEPTEMBER 9, 2021

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 Rowen of CMR

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Financial services Accounts Receivables Management 234

Nerd Wallet

SEPTEMBER 9, 2021

Travel credit cards can be one of the best ways to lower the cost of travel, whether you’re taking a trip to visit family in another state or boarding a plane for a luxurious vacation overseas. Regardless if you collect airline miles, hotel points or flexible issuer-specific currency, they all perform the same function of. Anya Kartashova writes for NerdWallet.

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Collections 76

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Collections

Fico Collections

SEPTEMBER 9, 2021

We all experience unexpected expenses such as medical bills, needing a new roof, and car repairs. Sometimes unexpected expenses hit all at once, or we haven’t put away enough in our rainy-day fund. This is where Overdraft (OD) programs come into play. Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment.

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Banks Collections 52

Nerd Wallet

SEPTEMBER 9, 2021

If you’re starting an e-commerce business, you’ll need a software platform that accommodates your specific needs. 3dcart is an all-in-one platform that offers impressive functionality, payment-processing options, advanced tools and scalability — all at a competitive cost. Although 3dcart may not be as user-friendly and intuitive as some competitors, it’s still well-worth considering.

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Troutman Sanders

SEPTEMBER 9, 2021

On August 27, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the “Agencies”) issued “ Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks.” While the guide is primarily intended to help community banks assess risks when considering prospective relationships with financial technology (fintech) companies, the Agencies note that the fundamental concepts may

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Banks Collections 52

Nerd Wallet

SEPTEMBER 9, 2021

The number of travelers passing through security checkpoints more than doubled from June 2020 to June 2021, according to the Transportation Security Administration. If, like many people, you’re planning to travel more in the near future, choosing the right airline — with the right loyalty program for your needs — is essential. American Airlines and.

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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?

Banks

Price Meese

SEPTEMBER 9, 2021

Mr. Steinberg and the firm are pleased to announce that he will be speaking in an upcoming Strafford live video webinar, “Bankruptcy and Secured Creditor Priority: Identifying, Resolving, or Avoiding Hidden and Springing Liens” scheduled for Wednesday, October 6, 1:00pm-2:30pm EDT. The panel will offer bankruptcy counsel best strategies for establishing a rigorous methodology for identifying and resolving hidden and springing liens encumbering their collateral.

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Secured Creditor Creditors Bankruptcy Collateral 52

Nerd Wallet

SEPTEMBER 9, 2021

SumUp is a popular mobile point-of-sale (mPOS) system in Europe that recently expanded to the U.S. According to its website, SumUp is the first fully-certified EMV (EuroPay, Mastercard, Visa) mPOS system in the world to cover the entire payment process — including card terminals, Android and iOS mobile apps, payment processing, and risk and anti-fraud solutions.

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Burr Forman

SEPTEMBER 9, 2021

Reprinted with permission from the Birmingham Medical News. This article originally appeared on www.birminghammedicalnews.com. On May 17, 2021, Alabama Governor Kay Ivey signed into law the Darren Wesley ‘Ato’ Hall Compassion Act (the “Medical Marijuana Law”), regulating the cultivation, processing, transporting, testing, distribution, sale, taxation, and use of medical cannabis in Alabama.

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Government 52

Nerd Wallet

SEPTEMBER 9, 2021

The Sephora family of credit cards, issued by Comenity, are store credit cards that earn extra rewards at the chain of beauty products stores. However, depending on which card you qualify for, rewards on non-Sephora purchases are limited or nonexistent. Unless you head to Sephora frequently for beauty hauls, at most you’ll occasionally get a. Sara Rathner writes for NerdWallet.

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Collections

Fico Collections

SEPTEMBER 9, 2021

As I work with our clients – many of them large retail banks — it’s clear that identity proofing and authentication strategies are evolving. A steady stream of technology innovation has opened new doors, providing the tools needed to embed remarkable consumer experiences within the latest digital transformation initiatives. When it comes to maintaining the trust of banking consumers, identity proofing and authentication are at the top of the list.

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Financial Institution Retail Banks 52

Nerd Wallet

SEPTEMBER 9, 2021

The Bank of America® Unlimited Cash Rewards credit card offers middle-of-the-road rewards and standard credit card perks. But if you need a little extra time to pay for your purchases without penalty, this card gets more valuable. If you’re a Bank of America® loyalist who wants straightforward rewards and flexible redemption options, this no-annual-fee card.

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Banks 59

Public Citizen

SEPTEMBER 9, 2021

The Aspen Institute Financial Security Program and Pew will hold a webinar on Thursday, October 28 at 1:00 pm ET on the debt collections litigation system and ways to create better outcomes for people. Here is the description: The system for collecting unpaid debts is broken. One in three American adults had debt in collections prior to the pandemic in 2019 -- and during the pandemic almost half of Americans reported facing serious financial problems.

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Collections Debt collector Debtor Judgment 40

Better Credit Blog

SEPTEMBER 9, 2021

After your birthday, Social Security number, and cell phone number, your credit score is the most important number in your life. Your credit score, known in the financial services industry as a Fico Score, is a snapshot of your financial history. The reason this number is so important is that it can determine whether you can get a loan for a house, car, or other essential purchase, and at what interest rate.

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Debt Consolidation Loans Financial services Repossession 59

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.

Troutman Sanders

SEPTEMBER 9, 2021

This July, the Uniform Law Commission (ULC) approved a final draft of the Uniform Personal Data Protection Act (UPDPA). The ULC is a nonpartisan group, which drafts model laws with the goal of widespread state adoption. One noteworthy example is the Uniform Commercial Code (UCC), which has been adopted to some extent by all 50 states. The final draft of the UPDPA deviates significantly from existing state privacy laws.

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Retrieval Government Collections 52

Burr Forman

SEPTEMBER 9, 2021

On September 9, 2021, President Biden announced a new six-pronged strategy to contain the spread of COVID-19. Most notable are plans for broad COVID-19 vaccination and/or testing mandates that could apply to as many as 100 million employees nationwide. Highlights of the plan are discussed below. Vaccination and/or Testing Requirements for Employers with 100+ Employees.

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Government 98