Wed.Dec 15, 2021

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Job Listings – December 15

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post Job Listings – December 15 appeared first on AccountsRecovery.net.

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Consumer Financial Protection Bureau Opens Inquiry into “Buy Now, Pay Later” Credit

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit.

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NCLC Lobbying CFPB on Rental Debt Issues

Account Recovery

The National Consumer Law Center has released the results of a survey it conducted of legal aid and non-profit attorneys indicating a dramatic rise in the number of lawyers representing consumers who have rental debt, identifying it as a “barrier to decent housing,” especially for individuals with low income or minorities, and sent the results … The post NCLC Lobbying CFPB on Rental Debt Issues appeared first on AccountsRecovery.net.

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What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. You may be an accountant brought in to do work for several related companies and asked to handle the officer’s personal tax work.

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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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Daily Digest – December 15. How Companies Have Adapted Their Training Under Reg F; Judge Denies MTD in Amended CFPB Debt Collection Case

Account Recovery

HOW COMPANIES HAVE ADAPTED THEIR TRAINING UNDER REGULATION F There is a lot of muscle memory in being a debt collector. From the time you begin training to the many similar phone conversations that are had day in and day out, there is a lot of repetition. It can be tough to unlearn certain behaviors … The post Daily Digest – December 15.

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Judge Denies MTD in Amended CFPB Debt Collection Case

Account Recovery

An Appeals Court judge, sitting in the District Court for the District of Delaware by designation, has denied a motion to dismiss filed by 15 defendants who were sued by the Consumer Financial Protection Bureau for engaging in illegal debt collection practices related to student loans, because the defense raised by the defendants is “premature” … The post Judge Denies MTD in Amended CFPB Debt Collection Case appeared first on AccountsRecovery.net.

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Don’t Spend a Dollar to Save a Nickel on Gas

Nerd Wallet

With the cost of gas soaring, it’s not uncommon to hear people say, “I’ve really got to buy a hybrid.” If your goal is to save money, this could be a disastrous move unless you needed a new car anyway. While you might save money at the pump, the cost of prematurely switching from a. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed.

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Wash. AG Proposes Bill to Expand Charity Care

Account Recovery

The Attorney General of Washington State is planning to introduce a bill during the next legislative session that seeks to increase the eligibility for full write-offs on out-of-pocket medical bills for more than 1 million residents of the state. A copy of the bill, HB 1616, which will be introduced by state Rep. Tarra Simmons, … The post Wash.

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Plumbing Insurance: What It Is, Which Businesses Need It

Nerd Wallet

Small-business insurance can help protect plumbers from claims of bodily injury and property damage, as well as other damage or accidents that occur while on the job. Employers, cities or states may require that plumbers carry business insurance in order to begin work on a project or qualify for a plumbing license. Here’s what you. Randa Kriss 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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4 Ways to Stop Living Paycheck-to-Paycheck

Debt Guru

Have you ever considered what would happen if you didn’t receive your next paycheck? Would this jeopardize your home, or make it difficult to buy essentials? This can be a terrifying thought – especially if you’re among the 78% of American households living paycheck-to-paycheck. Fortunately, there are steps you can take to break this vicious paycheck-to-paycheck cycle.

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Score Perks on These 16 Airlines as an AAdvantage Elite Status Holder

Nerd Wallet

If you’re an American Airlines AAdvantage elite member, you’re hopefully well aware of the elite benefits you get when flying American. But you may not know there are 16 other airlines with which AAdvantage elite status holders get benefits. Over the past few years, American has been aggressive about adding and enhancing partnerships. AAdvantage members.

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Cayman Caven Discusses the 6th Circuit Age Bias Ruling on Law360

Burr Forman

Associate Cayman Caven wrote an article titled “What Employers Should Note In 6th Circ. Age Bias Ruling” that was published on Law360. The article discusses the recent reversal of a district court’s summary judgment ruling in Sloat v. Hewlett-Packard and how this ruling might affect employers. Click here to read the full article. The post Cayman Caven Discusses the 6th Circuit Age Bias Ruling on Law360 appeared first on Burr & Forman.

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5 Things to Know About the ANA Card U.S.A.

Nerd Wallet

If you regularly travel to the land of the rising sun to visit Mount Fuji or dine on local sushi and sake, the ANA Card U.S.A might become a mainstay, especially if you’re an expatriate living in the U.S. and need to establish U.S. credit. Founded in 1952 with just two helicopters, All Nippon Airways, Gregory Karp writes for NerdWallet. Email: gkarp@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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Buy Now, Pay Later, Consumer Preference & Collections

True Accord

Consumer adoption of Buy Now, Pay Later (BNPL) products skyrocketed in the past year, fueled in part by an increase in online shopping due to Covid-19. There are many payment and credit options available, but it really comes down to consumer preference and consumers are choosing to use BNPL. But why are consumers into BNPL and what happens when BNPL installment loans go unpaid?

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How Does Workers’ Compensation Work?

Nerd Wallet

If your employees are injured on the job, workers’ compensation can cover their medical bills and some of their salary during recovery. It also can shield you as an employer from liability. How workers’ compensation works varies from state to state. The best way to make sure your claims stay on track is to communicate. Rosalie Murphy writes for NerdWallet.

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Insolvency Experts predict wave of insolvencies after profits rise

UK debt collections

Leading UK Insolvency Experts Begbies Traynor have reported of a increase use of their services. Revenue and profits have risen for the Company for the first half of the year. The Insolvency Firm which assists financially struggling businesses to recover saw revenue increase by 39% from 37.5m in 2020. This saw their profits before tax increase to 2.7m up to the 31st October 2021.

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Chase Announces 5% Bonus Categories for Q1 2022: Grocery Stores, eBay

Nerd Wallet

It’s never too early to get started on your #newyearnewme goals. And ahead of the new year, Chase has unveiled its 5% bonus categories for the first quarter of 2022. From Jan. 1, 2022 to March 31, 2022, holders of the Chase Freedom Flex? and the Chase Freedom® can earn 5% back on up to. Funto Omojola writes for NerdWallet. Email: fomojola@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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2 types of debt that are included in bankruptcy

Roths Child Law

The need for a fresh financial start is sometimes one of the most pressing matters in a person’s life. If you’re in this position, you’re probably tired of the creditors calling you and sending you letters. Now, they can even send you private messages on social media and text you. One option that you have is to file for bankruptcy. This gives you the chance to take care of your debts and start fresh.

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Should I Get More Than One Travel Credit Card?

Nerd Wallet

For any frequent traveler, it’s a good idea to have at least one credit card that comes with travel benefits. Depending on the card, you may receive valuable benefits such as: Travel insurance. Automatic upgrades. Free checked bags. Exclusive lounge access. Even if you already have one credit card with travel benefits, you may not. Josh Garber writes for NerdWallet.

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U.S. Congress Raises Debt Ceiling, Avoiding Default Until 2023

NACM

The House and Senate voted this morning to increase the federal debt ceiling by $2.5 trillion, allowing the U.S. government to avoid default until early 2023, according to government officials. The vote was made just hours before the deadline that the U.S. government risked breaching its debt limit, said Treasury Secretary Janet Yellen.Th.

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Lending Predictions 2022: From BNPL to ESG (and More)

Fico Collections

In an environment where everything is changing — the way we work, travel, meet and shop — the world of credit is adapting quickly. The pandemic isn’t the sole cause of this, as fintechs have been upending traditional banking models for years. Here’s what we at FICO see for next year. 1. The Focus Will Change from Digital Transformation to Digital Engagement.

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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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Corporate E-note December 2021

Burr Forman

Resources. South Carolina Business License Reforms Go Into Effect January 1, 2022. South Carolina businesses have historically been subject to business license taxes on their gross income that vary widely from jurisdiction to jurisdiction. The South Carolina Business License Tax Standardization Act (the “Act”) was enacted in 2020, but the effective date was generally delayed until January 1, 2022.

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Financial Tips and Tricks for One-Income Households

Credit Corp

Some households operate off one income by choice, while for others that is merely their circumstance. Regardless of how you found yourself in this position, a one-income household is not uncommon, and it’s certainly not unmanageable. Think about how you need that money to function and come up with a budget, and plan to execute it. Without a budget, even a multi-income household might become financially unstable.

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Pile Up: What Are You Going To Do With All Those Old Files?

NCBA Law Practice Management Blog

Law firms generally have lots of trouble moving into new software programs. And, there are, for sure, a lot of reasons for that. Moving on from the status quo is hard, on its own. Plus, mindset change is a difficult thing. And, let’s not even talk about getting buy-in from staff. Those are all pretty high hurdles. But, you wanna know what the primary driver is, for law firms shying away from new technology – the thing that shuts down those conversations before they even start?

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UPDATE to the Center for Medicare and Medicaid Services’ (CMS) Interim Final Rule: “Omnibus COVID-19 Health Care Staff Vaccination”

Fraser

Today, December 15, 2021, the United States Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction pertaining to the CMS health care worker vaccine mandate. The court decided to limit the injunction to the 14 states that filed the initial action, including: Louisiana, Montana, Arizona, Alabama, Georgia, Idaho, Indiana, Mississippi, Oklahoma, South Carolina, Utah, West Virginia, Kentucky and Ohio.

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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.