Fri.Oct 14, 2022

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N.Y. Gov Signs Bill Eliminating Certain Collection Fees on Unpaid Student Loans

Account Recovery

The governor of New York yesterday signed a bill into law that will eliminate a 22% collection fee on student loans owed to the state. The fee was added when unpaid student loan debts were referred to the Office of the Attorney General’s Civil Recoveries Bureau. Debts were referred there by various state agencies charged … The post N.Y. Gov Signs Bill Eliminating Certain Collection Fees on Unpaid Student Loans appeared first on AccountsRecovery.net.

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Choosing the Best Commercial Collection Services

Enterprise Recovery

When making the decision to use commercial debt collection services, businesses should be choosy. Not only are you selecting a company that should be efficient in recovering what's owed to you, but your brand reputation is also at risk. The collections specialists will be speaking to your clients on your behalf. It's imperative that they're able to be a fair but authoritative representation of your company.

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Lack of Jurisdiction Leads EDPA Judge to Grant MTD in FCRA, FDCPA Case

Account Recovery

In what feels like a “three people who have never been in my kitchen” claim, a District Court judge in Pennsylvania has granted a motion to dismiss filed by two debt collection companies that were sued for allegedly violating the Fair Debt Collection Practices Act and the Fair Credit Reporting Act, on the grounds that … The post Lack of Jurisdiction Leads EDPA Judge to Grant MTD in FCRA, FDCPA Case appeared first on AccountsRecovery.net.

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Learn — Don’t Run — From Your Inner Money Critic

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. I can be so mean to myself. My inner critic roasts my actions like a political attack ad, with. Laura McMullen writes for NerdWallet.

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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 – October 14. Complaint Alleges Collector Failed to Honor Text Opt-Out, 7-in-7; Lack of Jurisdiction Dooms FCRA, FDCPA Case

Account Recovery

COMPLAINT ALLEGES COLLECTOR FAILED TO HONOR TEXT OPT-OUT, 7-IN-7 While it included an opt-out disclosure in text messages sent to an individual, a collection operation is being accused of not honoring the requests made by plaintiff to stop receiving the communications. The defendant is also accused of making rapid-fire calls in quick succession, to the … The post Daily Digest – October 14.

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Complaint Alleges Collector Failed to Honor Text Opt-Out, 7-in-7

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Alleges Collector Failed to Honor Text Opt-Out, 7-in-7 appeared first on AccountsRecovery.net.

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How Global Entry for Family Works

Nerd Wallet

The tourism industry is recovering from the pandemic, and so are airport lines. Security and immigration wait times can be as long as “The Lord of the Rings” trilogy, and thankfully, there are ways to shorten them (at least in the United States) by utilizing Global Entry and TSA PreCheck lines. Global Entry is designed. Anya Kartashova writes for NerdWallet.

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Hospital Responds to Senator’s Inquiry About Collection Practices

Account Recovery

If you want proof of why the accounts receivable management industry is shrinking, look no further than the responses provided by a hospital being sued by the Attorney General of Washington for being too aggressive to questions posed by a Senator investigating the facility’s debt collection practices. As part of an answer where it talks … The post Hospital Responds to Senator’s Inquiry About Collection Practices appeared first on AccountsRecovery.net.

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8 Times You’re Using the Wrong Credit Card

Nerd Wallet

There’s no such thing as a universal best credit card. The right card for you depends on your lifestyle, your goals and your credit history. For instance, if you’re looking for travel rewards but your friend is building credit, the best card for each of you will differ greatly. And while there may not be. Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com.

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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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Marketplace: 3 Hiring Tips for Law Firms

NCBA Law Practice Management Blog

Law firms were sitting in the cat-bird seat for quite a while, in terms of the job marketplace. Now, employees have the upper hand. So, how can a law firm with hiring needs find success in a marketplace where they’re no longer in the driver’s seat? Well, there’s no perfect solution; but, here are a few suggestions you could employ: First, try to make your law firm a more compelling environment for potential hires.

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Why Is It So Difficult to Sell a Car Privately?

Nerd Wallet

Selling your car privately can mean more money than trading it in at a dealership or online retailer. But making the sale can be difficult. The easiest car to sell privately is one you own outright and for which a buyer is paying cash. Selling a car becomes more difficult when: You have a loan. Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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Assigning Workload to Collectors: Podcast

NACM

??? Having trouble deciding on the best way to assign workload to collectors? Its not a one size fits all approach.?? Listen to this week's episode of the Extra Credit #podcast to hear how some credit professionals keep workload balanced so collections stay efficient.

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Trip Delay Insurance Explained

Nerd Wallet

Despite what many travelers may believe, there is no federal law in the U.S. requiring airlines to provide passengers with compensation for a delayed flight. Even if an airline’s policy is to provide meals or lodging, it will rarely do so if the delay is due to weather or another factor it considers beyond its. Aaron Hurd writes for NerdWallet. Email: ahurd@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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Five Stories that Matter in Michigan This Week – October 14, 2022

Fraser

Lawsuit Challenges New Election Challenger/Poll Watcher Guidance. The Michigan GOP and the Republican National Committee filed a lawsuit seeking to rescind new instructions for election challengers and poll watchers issued by the Michigan Bureau of Elections. Among issues raised in the lawsuit is a new requirement having challengers obtain a credential using a form from the Michigan Secretary of State’s Office.

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The Guide to Delta Silver Medallion

Nerd Wallet

Gaining elite status through your preferred airline can provide convenient benefits on the ground and in the air, giving you more value when traveling. NerdWallet compared elite status programs across nine domestic airlines, including Delta Air Lines. Our analysis found that the airline’s Medallion elite status program ranked among the top three, tied for the.

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Higher Inflation Could Mean Smaller Tax Bills for Some

Nerd Wallet

The latest data from the U.S. Bureau of Labor Statistics doubles down on what has become 2022’s loudest refrain: Sometimes the race to beat inflation is just a slow crawl. And while persistently high inflation is hardly cheerful news, a set of annual adjustments that are tied to an inflation index could provide relief in. Sabrina Parys writes for NerdWallet.

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Chase Increases Point Value for Apple Redemptions (Limited Time)

Nerd Wallet

Beginning Oct. 15, 2022, Chase cardholders can get more bang for their buck when redeeming rewards for Apple products. Most of the time, you can redeem Chase Ultimate Rewards® points for 1 cent each toward Apple merchandise. But through Nov. 30, 2022, your points will be worth 10% to 50% more when you purchase Apple. Caitlin Mims writes for 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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What Is the Medicare IRMAA, and When Does It Apply?

Nerd Wallet

The Medicare income-related monthly adjustment amount, or IRMAA, is a surcharge on Medicare premiums for Medicare Part B (medical insurance) and Part D prescription drug plans. It applies only to Medicare beneficiaries who have a modified adjusted gross income above $91,000 ($97,000 in 2023) for an individual return and $182,000 ($194,000 in 2023) for a.

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Student Loan Lawsuits: Where Challenges to Cancellation Stand

Nerd Wallet

Since President Joe Biden announced cancellation of billions in student debt on Aug. 24, multiple lawsuits have risen to challenge his executive order. Any viable legal challenge has the potential to delay or halt cancellation. Here’s what to watch. Lawsuits in play Six states (Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina) jointly claim Biden’s.