Mon.Jul 19, 2021

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Many Facing Mountains of Medical Debt Following Pandemic: Survey

Account Recovery

A lot of individuals who were impacted by the COVID-19 pandemic in one form or another are now facing another serious situation — increased amounts of unpaid medical debts — according to the results of a survey conducted by The Commonwealth Fund. The survey identified three different outcomes for those impacted by the pandemic — … The post Many Facing Mountains of Medical Debt Following Pandemic: Survey appeared first on AccountsRecovery.net.

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Is it Time to Raise Your Rates for Inflation?

Enterprise Recovery

As global markets reopen, inflation is causing corporations of all sizes to reexamine their rates. Supply chains are being affected by higher costs and increased demand for raw materials and labor. According to economists, the inflated costs aren't expected to abate until well into 2022, cutting into profit margins. CEOs are saying that higher costs will last longer than that.

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InDebted Raises Another $25M to Fund Expansion, Growth Plans

Account Recovery

InDebted, an Australian fintech company that made a splash in the United States earlier this year when it purchased Delta Outsource Group, has announced it has raised an additional $25 million of funding as it continues to expand across the globe. The $25 million will be used to help fund the company’s expansion into the … The post InDebted Raises Another $25M to Fund Expansion, Growth Plans appeared first on AccountsRecovery.net.

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Smart Money Podcast: Rethinking Credit Reporting and Lightning Round Money Questions

Nerd Wallet

[/nw_context_conditional] [/nw_context_conditional] Body: Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about flaws in the credit reporting system. Then we pivot to answering a number of listener questions, including how to manage taxes while working remotely, when to get a financial advisor and.

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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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Compliance Digest – July 19

Account Recovery

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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ACA International 2021 Annual Convention & Expo Comes to Las Vegas Next Week

Account Recovery

ACA International’s 2021 Annual Convention & Expo is back as a live in-person event July 28-30 at Caesars Palace in Las Vegas. The annual convention will feature education and business solutions as well as important accounts receivable management (ARM) industry updates. There will be fun activities too, including an awards breakfast and keynote, the Dinner … The post ACA International 2021 Annual Convention & Expo Comes to Las Vegas Next Week appeared first on AccountsRecovery.net

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Parents in Debt for Their Kid’s College Can Get Forgiveness

Nerd Wallet

College students take on loans as an investment: Presumably, they’ll graduate and reap the benefits — income that helps them repay that debt and then some. But parents borrow for their children without the promise of higher earnings. And legally, they’re the ones on the hook. Federal parent PLUS loans are easy to get: Colleges. Anna Helhoski writes for NerdWallet.

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Appeals Court Rules Some Private Student Loans can be Discharged in BK

Account Recovery

The Court of Appeals for the Second Circuit has upheld a lower court’s ruling allowing a plaintiff’s private student loans to be discharged as part of his bankruptcy filing, ruling that the provision of the bankruptcy code that prohibits the discharge of “an obligation to repay funds received as an educational benefit” does not apply … The post Appeals Court Rules Some Private Student Loans can be Discharged in BK appeared first on AccountsRecovery.net.

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What Is General Liability Insurance?

Nerd Wallet

Key takeaways: General liability insurance can cover legal or settlement costs if a business causes harm to another person or their property. Most business owners’ policies include some general liability insurance coverage. Many business owners may need additional types of liability coverage to protect against additional risks. Commercial general liability insurance helps protect a business.

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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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Daily Digest – July 19. Appeals Court Rules Some Private Student Loans Can be Discharged; InDebted Raises $25M

Account Recovery

APPEALS COURT RULES SOME PRIVATE STUDENT LOANS CAN BE DISCHARGED IN BK The Court of Appeals for the Second Circuit has upheld a lower court’s ruling allowing a plaintiff’s private student loans to be discharged as part of his bankruptcy filing, ruling that the provision of the bankruptcy code that prohibits the discharge of “an … The post Daily Digest – July 19.

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Does Medicare Cover Addiction Treatment?

Nerd Wallet

Medicare does provide coverage for treatment of substance use disorders. But there are a wide variety of approaches, and Medicare pays for only the therapeutic services it considers reasonable and necessary. So it’s important to confirm with care providers, programs and pharmacies that Medicare reimburses them for their services. Nearly 1 million Americans 65 and.

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On cloud nine: The role of integrated platforms in the order-to-cash process

On Guard

The Covid-19 pandemic has inadvertently brought about several years’ worth of digital change in a much shorter time frame, with the share of digitally enabled products in business portfolios accelerating by as much as seven years. It’s no surprise that this trend has been fast-tracked with businesses needing to streamline operations and communicate with clients via new channels as economic pressures continue, and this requirement has also extended to the order-to-cash process.

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How Greenwashing May Be Affecting Your Investments

Nerd Wallet

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. “All natural,” “eco-friendly” and “green” — we’ve seen it all before. Food, home goods and clothing companies have all jumped on the sustainable bandwagon, and it’s not just because of.

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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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Lenders Should Consider Using "Pooled Models" When Making Originations Decisions

Fico Collections

Lenders face a myriad of challenges these days. To build a profitable portfolio while also managing risk, you need solutions that enable you to streamline decision making, reduce losses, lower costs, approve more profitable applicants, and guarantee regulatory compliance. Bureau scores may be the traditional “tried-and-true” method for assessing customer risk, but they aren’t enough on their own.

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How to Manage Payroll for Your Small Business

Nerd Wallet

Paying employees accurately and on time is essential, and a well-managed payroll system can help your small business get the job done while avoiding costly mistakes. To establish a good system, determine which parts of the payroll process you want to manage in-house and which parts you want to outsource. Then, stay on top of. Whitney Vandiver writes for NerdWallet.

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Second Circuit Rules Private Student Loans May Be Discharged in Bankruptcy

Troutman Sanders

On July 15, the U.S. Court of Appeals for the Second Circuit ruled that private student loans are not explicitly exempt from a debtor’s Chapter 7 bankruptcy discharge. In Homadian , the borrower, after graduating from Emerson College, filed for Chapter 7 bankruptcy in 2007 and obtained a discharge in 2009. The discharge order did not specify whether it applied to the borrower’s two private student loans, totaling $12,567.

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Bank of America Unveils Unlimited Cash Rewards Card: 1.5% Back, No Annual Fee

Nerd Wallet

Bank of America® has introduced a new player to the 1.5% cash-back arena: The Unlimited Cash Rewards credit card. It earns 1.5% back on all purchases, offers a decent sign-up bonus and has no annual fee. The cash-back card, which is available starting July 19, 2021, is a no-fuss option for consumers who prefer simplicity, Funto Omojola 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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Is Your Business Prepared for the Next Recession?

Direct Recovery

After more than a year of the COVID-19 global pandemic creating chaos for just about every type of business, there is no doubt that anyone who has survived to this point will be feeling confident in their abilities to adapt on the fly. However, there is no guarantee that the end of COVID-19 won’t be quickly replaced by the start of another global crisis, and every business that has stumbled through the past 15 months needs to also be preparing for the possibility that the worst is still to

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AAdvantage Aviator Red vs. Citi AAdvantage Platinum: Citi Goes the Extra Mile

Nerd Wallet

The race between the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® and the AAdvantage® Aviator® Red World Elite Mastercard® is akin to the fabled tortoise and the hare. The AAdvantage® Aviator® Red World Elite Mastercard®, issued by Barclays, comes flying out of the gate with a sign-up bonus you can earn after just one. Sara Rathner writes for NerdWallet.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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The Guide to the Korean Air Skypass Program

Nerd Wallet

Headquartered in Seoul, South Korea, Korean Air got its start in the 1960s with only eight planes. Since then, the airline has expanded to 159 planes and now serves 43 countries and 120 destinations, including 13 cities in South Korea. Korean Air U.S. routes, covered in detail below in this guide to Korean Air, include. Michael McHugh 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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Securities Industry Arbitrations and Litigation Update: FINRA Arbitration Statistics Through May 31 Evidence Continuing Decline of Promissory Note Arbitrations — but Will the Trend Last?

Troutman Sanders

The Financial Institutions Regulatory Authority (FINRA) has made its arbitration statistics for the year 2021, through May 31, available on its website. Overall, FINRA experienced an intriguing 19% decline in the number of overall arbitrations commenced through May 31, 2021 versus May 31, 2020. In particular, customer/investor claims declined a modest 2%, while intra-industry arbitrations, which are traditionally securities industry employment disputes, declined a staggering 39%.

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Blue Cross Blue Shield Medicare Advantage 2021 Review

Nerd Wallet

Blue Cross Blue Shield is a collective of 35 independent companies, and together they are the third-largest provider of Medicare Advantage plans [1]. Although BCBS companies are all licensed by the Blue Cross Blue Shield Association, they are locally owned and operated and may vary in terms of coverage, benefits and quality of plans. Kate Ashford writes for NerdWallet.

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Immigration Insights: Episode 5

Burr Forman

In episode five of the Immigration Insights podcast series, host Melissa Azallion Kenny discusses travel considerations particularly for international employees that may need to return to the U.S. to resume their jobs or enter for the first time after the COVID-19 pandemic. Immigration Insights is a weekly podcast hosted by Melissa Azallion Kenny , a partner in the firm’s Hilton Head office.

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Making the Most of Turkish Airlines Business Class

Nerd Wallet

With flights from nine cities across the U.S., Turkish Airlines makes a trip to Istanbul a cinch. Turkish Airlines’ business class is renowned for comfortable seats, fine food and other onboard comforts. Using miles or points, a vacation with a Turkish Airlines business class flight may be closer than you think. Turkish Airlines has just. Jon Nickel-D'Andrea writes for NerdWallet.

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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.