Tue.Dec 21, 2021

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Scam Call Volume Doubles in 2021: T-Mobile

Account Recovery

The number of scam call attempts per month more than doubled from the start of 2021 to the end, according to a report that was released yesterday by T-Mobile. The cellular carrier revealed that there were 2.5 billion scam call attempts in November, compared with 1.1 billion in January. Also, the most frequent reason why … The post Scam Call Volume Doubles in 2021: T-Mobile appeared first on AccountsRecovery.net.

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Debt collections in 2022-important factors to be aware of

American Profit Recovery

Improving your cash flow and understanding how debt collections fit into your business should be an important part of how you operate in 2022. If you continue to struggle with customers not paying you and you feel you have an ongoing need for debt collections , you’ll want to consider how collection activity around your accounts receivable process will fit into the coming year.

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Daily Digest – December 21. Colorado Clears Up Reg F Conflict; Judge Applies FN7 to Dismiss TCPA Claim Against Collector

Account Recovery

COLORADO ISSUES OPINION CLEARING UP DISCLOSURE CONFLICT WITH REG F Colorado’s Department of Law issued an advisory opinion yesterday attempting to clear up a conflict between disclosures to consumers required under its state collection law and disclosures required under Regulation F. JUDGE APPLIES FN7 TO DISMISS TCPA CLAIM AGAINST COLLECTOR, BUT DENIES MTD ON FDCPA … The post Daily Digest – December 21.

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U.S. Travelers to EU to Face New Fee, Paperwork in 2022

Nerd Wallet

Traveling to some countries in Europe will soon require yet another piece of paperwork — and yet another fee. For Americans, that fee is just under $8 (7 euros) per person. Sometime in 2022, the European Commission is set to launch what’s called the European Travel Information and Authorisation System, or ETIAS. What is ETIAS? Sally French 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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Colorado Issues Opinion Clearing Up Disclosure Conflict With Reg F

Account Recovery

One of the problems that companies in the accounts receivable management industry had as they prepped for the enactment of Regulation F was conflicts with state laws regarding disclosures that needed to be included in certain locations on letters and notices sent to consumers. One state in particular — Colorado — has a provision in … The post Colorado Issues Opinion Clearing Up Disclosure Conflict With Reg F appeared first on AccountsRecovery.net.

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Judge Applies FN7 to Dismiss TCPA Claim Against Collector, But Denies MTD on FDCPA Claim

Account Recovery

A District Court judge in California has granted a defendant’s motion to dismiss claims it violated the Telephone Consumer Protection Act when it contacted an individual on his cell phone to attempt to collect on an unpaid debt because the defendant did not use an automated telephone dialing system, but denied the defendant’s motion to … The post Judge Applies FN7 to Dismiss TCPA Claim Against Collector, But Denies MTD on FDCPA Claim appeared first on AccountsRecovery.net.

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Spider-Man, Matrix: How to Save on Movie Tickets

Nerd Wallet

“Spider-Man: No Way Home” debuted in theaters last weekend to a huge box office win. The superhero film not only beat estimates, grabbing $260 million in North American theaters on opening weekend, but it’s now the second-biggest domestic movie debut ever, behind “Avengers: Endgame,” which brought in $357 million in April 2019, according to Box. Sally French writes for NerdWallet.

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CFPB, DOJ Issue Warnings to Landlords, Servicers About Dealing with Servicemembers, Veterans

Account Recovery

The Consumer Financial Protection Bureau and Department of Justice yesterday put landlords and mortgage servicers on notice about how to handle protections for servicemembers and their families with regard to the COVID-19 pandemic by following the CARES Act and the Servicemembers Civil Relief Act. Separate letters were sent to mortgage services and to landlords and … The post CFPB, DOJ Issue Warnings to Landlords, Servicers About Dealing with Servicemembers, Veterans appeared first on Acco

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5 Things to Know About the Owner’s Rewards Credit Card by M1

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. The Owner’s Rewards Card by M1, a tech company offering various financial products and services, is a cash-back card aimed at investors. The base earnings rate is 1.5% cash back.

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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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An In Debt Discussion: Technology, Compliance and Payments Made Easy

PDC Flow

Are you looking for a way to better leverage your technology options to create a better consumer connection experience in accounts receivable? The new podcast “ An In Debt Discussion ,” hosted by Jacqueline H. Waller, covers this and more with a new guest and topic each episode. Waller, with almost two decades of experience in the ARM industry, is hoping to use her podcast to connect people to the services that will help their businesses grow.

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The Best Disney Credit Card Isn’t a Disney Credit Card at All

Nerd Wallet

A trip to Disney World or Disneyland can easily be as expensive as it is magical. Happily, credit card perks can make it significantly cheaper. But here’s something that might seem counterintuitive: The smartest way to pay for your next Disney trip is typically not with a Disney-branded credit card. Whether you’re seeking to earn. Sally French writes for NerdWallet.

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Business Insolvencies hit highest level since Pandemic began

UK debt collections

The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that have collapsed due to insolvency rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410. More alarmingly, this showed an increase of 87.9% compared to 891 in November 2020.

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What Is a KDS? How a Kitchen Display System Can Work for You

Nerd Wallet

A kitchen display system, or KDS, manages customer orders for restaurants on a screen in the kitchen, replacing the need for printing order tickets. For decades, the only place you were likely to see a KDS was a fast food restaurant. But the systems have recently seen wider adoption as the technology behind them has. Kurt Woock writes for NerdWallet.

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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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Ticklish: How to Build a Content Calendar for Your Law Firm

NCBA Law Practice Management Blog

The hardest thing about sticking to a law firm marketing strategy is. well, sticking to it. It’s all about consistency; and, most law firms will fail in that regard – instead producing content in fits and starts, without ever getting into a groove. With the sheer volume of business information everyone (both potential clients and referral sources) is exposed to everyday, lawyers must keep a consistent flow of content outgoing from their law firms, if they hope to compete in content marketing.

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The Cheapest Southwest Flights to Las Vegas on Points

Nerd Wallet

Las Vegas is one of the most popular travel destinations in the United States. Travelers visit from all over the world to gamble, watch live shows and attend conferences. Many travelers choose Southwest flights to Vegas because of the airline’s low fares, free checked bags policy, and generous cancellation rules when heading to Sin City. Lee Huffman writes for NerdWallet.

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CFPB Opens Inquiry Into Buy Now Pay Later

Troutman Sanders

On December 16, the Consumer Financial Protection Bureau (CFPB) issued orders to five companies offering buy now, pay later (BNPL) products. BNPL programs are designed to allow consumers to purchase goods and to defer payment over a short term with little to no interest, but with the potential for fees in the event of nonpayment. The CFPB noted that BNPL saw “explosive growth” through the holiday shopping period.

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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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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.