Account Recovery

JANUARY 3, 2022

The Federal Communications Commission last week issued supplemental guidance related to the Reassigned Numbers Database that updates the information included in the database in an attempt to make it more useful, after reports were surfacing that users were expressing concerns and were reluctant to use it. The database, which went live on November 1, allows … The post FCC Makes Changes to Reassigned Numbers Database to Improve Usefulness appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 3, 2022

Many adults find themselves helping their aging parents with Medicare, a complex process with many steps and considerations. There are penalties for delaying enrollment, and not everyone understands their options when they get sick or change plans. “You can’t go into it thinking it’s really easy,” says Melinda Caughill, co-founder of 65 Incorporated, which offers.

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Account Recovery

JANUARY 3, 2022

As we embark on another trip around the sun, whether it will be an enjoyable trip or one that is fraught with danger is anyone’s guess. Would you have predicted a case like Hunstein last year and the impact it would have? Nevertheless, AccountsRecovery.net asked experts from across the industry for their thoughts on whether … The post Industry Experts Offer Predictions on 2022 appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 3, 2022

Cities and states are shelling out serious cash to lure remote workers. Tulsa, Oklahoma, will pay you $10,000 to move there and telework. West Virginia is offering $12,000 and two years of free outdoor gear rental. Move to Maine, and the state will help you pay off your student loans. These incentives are appealing, especially. Kelsey Sheehy writes for NerdWallet.

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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

JANUARY 3, 2022

INDUSTRY EXPERTS SHARE PREDICTIONS FOR 2022 As we embark on another trip around the sun, whether it will be an enjoyable trip or one that is fraught with danger is anyone’s guess. Would you have predicted a case like Hunstein last year and the impact it would have? Nevertheless, AccountsRecovery.net asked experts from across the … The post Daily Digest – January 3.

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Account Recovery

JANUARY 3, 2022

Along with college football and resolutions, January 1 is also a day when new laws often take effect, and there are some that went into effect that apply to the accounts receivable management industry. At the federal level, the No Surprises Act is now in effect, even though a lawsuit has been filed against the … The post January 1 Means New Laws Now in Effect appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 3, 2022

Whether you’re looking for your first credit card or your wallet is already bursting with plastic, you’ll want to do your research before acquiring a new card. After all, every credit card is different; from application requirements to card benefits, different banks have done their best to entice you as a customer. A mid-tier card. Carissa Rawson writes for NerdWallet.

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Account Recovery

JANUARY 3, 2022

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Nerd Wallet

JANUARY 3, 2022

As the ball drops to ring in the new year, Chase and Discover are dropping new bonus categories for the first quarter of the year. From Jan. 1, 2022, to March 31, 2022, cardholders with the Chase Freedom Flex? and select Discover cards like the Discover it® Cash Back will earn 5% back on up. Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com.

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Collections

Account Recovery

JANUARY 3, 2022

The California Court of Appeals last week upheld a lower court’s ruling barring a company from collecting on $38 million of unpaid debt because consumers were not provided the proper disclosures in advance. A copy of the ruling in the case of BBBB Bonding Corp. vs. Kiara Caldwell can be accessed by clicking here. The … The post Calif. Appeals Court Affirms Ruling Prohibiting Bail Company From Collecting on $38M appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 3, 2022

Whether you’re looking for your first credit card or your wallet is already bursting with plastic, you’ll want to do your research before acquiring a new card. After all, every credit card is different; from application requirements to card benefits, different banks have done their best to entice you as a customer. A mid-tier card. Carissa Rawson writes for NerdWallet.

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Better Credit Blog

JANUARY 3, 2022

According to the FTC, 1.4 million reported identify theft incidents in 2020, an increase from 650,000 in 2019. This seems to be a particularly American problem, as 33 percent of U.S. adults have experienced identity theft, per the online protection agency Identity Force. Identity theft can be a major headache, as a person with your information can open up a credit card or bank account in your name, and also apply for a loan, and take several other actions that can wreck your credit.

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JMA

JANUARY 3, 2022

Most of the time, transactions with clients go off without a hitch. Happy days! But what happens when you encounter those special few who try to weasel their way out of a payment with some less-than-clever excuses? Popular examples include, “it got lost in the mail!”, or even the oh-so cliched and ridiculous “my dog. Read more » The post How to Handle Bad Excuses for Unpaid Debt appeared first on JMA Credit Control.

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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

Collection Industry News

JANUARY 3, 2022

Consumer Financial Protection Bureau Director Rohit Chopra appears before a senate committee in Washington, Oct. 28, 2021. PHOTO: ROD LAMKEY/ZUMA PRESS. Source- site. The new director of the Consumer Financial Protection Bureau, Rohit Chopra, has started rattling his interventionist saber only two months after his Senate confirmation. From pushing the Federal Deposit Insurance Corp. to block bank mergers to attacking bank overdraft fees, Mr.

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NCBA Law Practice Management Blog

JANUARY 3, 2022

It’s always a hard thing to measure value, for, like, anything. And, it’s even tougher when you’re trying to value people, including (and maybe especially) in the context of employment. Lots of managing attorneys ask me how to evaluate associate performance; and, honestly: most law firms have no metrics whatsoever, outside of gut feeling – which is not much different from the way law firm owners manage generally.

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Collection Industry News

JANUARY 3, 2022

Source- site. ANNAPOLIS — During the 2021 fiscal year, Maryland residents submitted the most complaints to the Federal Trade Commission per 100,000 people regarding telemarketing sales calls and robocalls, according to recent data released by the FTC. Delaware residents submitted the second highest number of complaints to the FTC per capita, with 1,982 complaints per 100,000 people, just under Maryland’s 2,028 complaints per 100,000.

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Credit Corp

JANUARY 3, 2022

In a bid to prepare high school students for managing money responsibly in the future, lawmakers have proposed a bipartisan bill. The bill, which is dubbed the PIGGY BANK act, would provide a cash benefit for high school students to encourage them to save. Find out more about this proposed bill and what it could mean for financial literacy and high school students below.

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Collections

Collection Industry News

JANUARY 3, 2022

Source- site. Consumer spending shot higher against pre-pandemic levels in 2021 as the boom in online shopping continued, according to figures. Barclaycard said consumer credit card spending rose by 5.9% in 2021 compared with 2019, despite the closure of shops, hospitality and leisure firms for significant parts of the year. The credit card giant said spending on hospitality and leisure was noticeably impacted by the periods of restrictions.

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Collection Industry News

JANUARY 3, 2022

Source- site. The United States District Court for the Northern District of Georgia recently dismissed all claims made against debt collector Capital Link Management (“Capital Link”) for alleged violations of the Fair Debt Collection Practices Act (“FDCPA”) and Georgia Fair Business Practices Act (“GFBPA”) arising from calls made to the debtor’s mother.

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Collection Industry News

JANUARY 3, 2022

Source- site. Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. It’s easy to feel overwhelmed by debt. Unpaid student loans, an ever-increasing credit card balance with high interest, a monthly car payment: these are just a few reasons why young consumers feel like they carry a huge financial weight on their shoulders.

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Collection Industry News

JANUARY 3, 2022

Source- site. American Banker, a Manhattan, New York-based trade publication covering the financial services industry, Dec. 29 named its “10 Policymakers to Watch in 2022,” among which was Indian American Rohit Chopra. Chopra, director of the Consumer Financial Protection Bureau, is one of the appointees by the Biden administration who have set out to unwind certain Trump-era policies and signaled a tougher approach to supervision and enforcement, said the publication in the report.

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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.