Wed.Oct 07, 2020

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DCM Services names Tiffany Jansen Senior Vice President, Business Development

Account Recovery

Minneapolis, MN — October 6 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announced the promotion of Tiffany Jansen to Senior Vice President, Business Development. Jansen, who most recently served as Vice President of Executive Account Management, will now also oversee sales and marketing strategies for DCMS.

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California State Tax: Rates, Who Pays, What to Know

Nerd Wallet

There are nine California state tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Your California state tax bracket and tax rate depends on your taxable income and filing status. California state tax brackets and tax rates Single Tax rateTaxable income bracketTax owed 1%$0 to $8,8091% of taxable income 2%$8,810 to $20,883$88.09. Tina Orem is a writer at NerdWallet.

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Healthcare Debt Making People Sicker: Survey

Account Recovery

The amount of medical debt being carried by many individuals across the country is making them even sicker, according to a survey that was conducted by Consumer Reports. The results are even more dramatic for minorities, according to the survey. More than 40% of respondents have put off a visit to a doctor’s office to … The post Healthcare Debt Making People Sicker: Survey appeared first on AccountsRecovery.net.

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October 15 Tax Filing Deadline

Credit Corp

Most years, the deadline to file your federal income tax is on or around April 15. In 2020, the federal government extended that deadline to July 15 because of potential delays and obstacles caused by the COVID-19 pandemic. If you miss this deadline, you can request to file on the October 15 tax filing deadline instead. There can be consequences for filing late, but the type of penalty depends on several circumstances: Did you request a tax extension?

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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 7. Judge Grants MSJ For Plaintiff in FDCPA Case Over SOL Disclosure; Healthcare Debt Making People Sicker: Survey

Account Recovery

JUDGE GRANTS MSJ FOR PLAINTIFF IN FDCPA CASE OVER SOL DISCLOSURE A District Court judge in Illinois has granted a plaintiff’s motion for summary judgment, ruling that a defendant needed to disclose in a collection letter that a partial payment or promise to pay would restart the statute of limitations under state law, even though … The post Daily Digest – October 7.

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Judge Grants MTD in FDCPA Case Over Duplicate Letters

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case but denied a motion for attorney’s fees, after the defendant sent two identical collection letters in close succession to one another, which the plaintiff claimed overshadowed the validation notice. A copy of the ruling … The post Judge Grants MTD in FDCPA Case Over Duplicate Letters appeared first on AccountsRecovery.net.

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First-of-its-Kind Decision Rejects Liability for Calls Made Before Supreme Court Cured TCPA’s Unconstitutionality by Invalidating Debt-Collection Exception

TCPA

Charter Communications may have just helped literally thousands of TCPA defendants snatch victory from the jaws of defeat. As our regular readers know, the Supreme Court recently held in Barr v.

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Judge Grants MSJ For Plaintiff in FDCPA Case Over SOL Disclosure

Account Recovery

A District Court judge in Illinois has granted a plaintiff’s motion for summary judgment, ruling that a defendant needed to disclose in a collection letter that a partial payment or promise to pay would restart the statute of limitations under state law, even though it disclosed in the letter “we will not restart the statute … The post Judge Grants MSJ For Plaintiff in FDCPA Case Over SOL Disclosure appeared first on AccountsRecovery.net.

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Overview of Construction Teaming Agreements in Florida

Jimerson Firm

Teaming agreements in the construction world, also referred to as teaming arrangements, are agreements between two or more independent companies to combine their resources, abilities, and knowledge, for the purpose of obtaining and, if successful, performing a competitive bid construction contract. If done properly, teaming agreements can assist these companies in becoming more competitive in the bidding process and, ultimately, win big construction contracts, including those awarded by the fede

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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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U.K. Makes Collection Letters Less Threatening

Account Recovery

A campaign that began with a study revealing that 100,000 people every year attempt to commit suicide because they are mired in heavy debt has led to changes that will require lenders and debt collectors in the United Kingdom to make their collection letters less intimidating, including a ban on “angry looking upper case letters.” … The post U.K.

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Medicare Open Enrollment: How to Shop

Nerd Wallet

As with most health care plans, Medicare plans have an annual open enrollment period. During this time, current Medicare users get a chance to evaluate their coverage and potentially make changes. Medicare has one main open enrollment window from Oct. 15 to Dec. 7 each year. However, there’s also a Medicare Advantage open enrollment period. Kate Ashford is a writer at NerdWallet.

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How to Handle Medical Debt While Unemployed

Debt

Americans were already struggling with medical debt before the COVID-19 pandemic, and, largely because of record-setting unemployment in the last six months, the issue is expected to get worse. About one million people a week lost their jobs from March through September and many of them lost their health insurance at the same time. An… The post How to Handle Medical Debt While Unemployed appeared first on Debt.org.

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The Best Ways to Borrow Money

Nerd Wallet

It’s usually better to pay for unexpected expenses with your emergency fund than to borrow money. But sometimes life throws a curveball, and you need to look to outside resources. If this happens, remember that not all forms of borrowing are created equal, and some have more financial drawbacks than others. Whether you want to. Jackie Veling is a writer at 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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Will There Still Be a Second Stimulus Check?

Debt

A second stimulus check could be just one tweet away. Then again, it could easily die one tweet from now as President Donald Trump nimbly demonstrated in a confusing series of social media posts. Trump’s first tweet on more economic relief for COVID-19 had a “game over” feel. It said: “I have instructed my representatives […]. The post Will There Still Be a Second Stimulus Check?

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The Average Renters Insurance Cost in 2020

Nerd Wallet

The average renters insurance cost in the U.S. is $172 per year, or about $14 per month, according to NerdWallet’s latest rate analysis. This estimate is based on a policy for a hypothetical 30-year-old tenant with $30,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible. While the nationwide average is a. Sarah Schlichter is a writer at NerdWallet.

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Michigan Supreme Court finds Statutory Basis of Executive Orders Unconstitutional: Next Steps Uncertain

Fraser

Late on Friday, October 2, 2020, the Michigan Supreme Court ruled that the Governor’s use of a 1945 emergency powers law as the source of authority to issue a host of executive orders regulating capacity limits in public-facing businesses, public mask use, school re-openings, the size of public and private gatherings, among others was unconstitutional.

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Can You Really Get Your Student Loans Forgiven?

Nerd Wallet

Student loan forgiveness isn’t easy to get even if you qualify for one of several existing federal programs, including: Public Service Loan Forgiveness: Make 10 years’ worth of payments (120 months) while working for the government or a nonprofit to qualify for tax-free forgiveness on the remainder of your debt. Income-Driven Repayment Forgiveness: Payments are.

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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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IRS Announces 2021 Increases for HSAs

Fraser

The IRS has released its 2021 annual inflation adjustments for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code. Specifically, IRS Revenue Procedure 2020-32 provides the adjusted limits for contributions to a Health Savings Account (“HSA”), as well as the high deductible health plan (“HDHP”) minimums and maximums for calendar year 2021.

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Is the New Chase Freedom Flex Worth It?

Nerd Wallet

The Chase Freedom Flex? offers a surprising number of ways to earn bonus cash back through everyday spending, making it a potential game-changer for Chase Ultimate Rewards® collectors. But with so many Chase Ultimate Rewards® members already carrying several different Chase cards, it’s worth asking: Does it make sense to add the Chase Freedom Flex?.

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Will There Still Be a Second Stimulus Check?

Debt

A second stimulus check could be just one tweet away. Then again, it could easily die one tweet from now as President Donald Trump nimbly demonstrated in a confusing series of social media posts. Trump’s first tweet on more economic relief for COVID-19 had a “game over” feel. It said: “I have instructed my representatives… The post Will There Still Be a Second Stimulus Check?

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Trip Interruption Insurance Explained

Nerd Wallet

Trip insurance is an important consideration if you plan on traveling, and understanding the difference between plan benefits is crucial. Some benefits protect you before your trip begins while others offer coverage during your travels. Trip interruption insurance will reimburse the unused portion of your trip if it has already begun and an unexpected incident.

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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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New Mexico Joins Operation Labeled “Corrupt Collector” and Sues Three Collection Agencies

Troutman Sanders

New Mexico’s Attorney General Hector Balderas announced on September 29 that his office has filed three lawsuits against debt collection companies. In his statement , Balderas explained that these lawsuits are part of a larger “crackdown” aimed at educating consumers and eliminating abusive debt collection practices within the state. The lawsuits, filed against LVNV Funding, Central Mediation Services, and Capio Partner, LLC, allege that these companies: Illegally induced consumers into paying d

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Chase Freedom Flex vs. U.S. Bank Cash Plus: It’s Close, but Flex Has the Edge

Nerd Wallet

The Chase Freedom Flex? and the U.S. Bank Cash+™ Visa Signature® Card are comparable, competitive players in the 5%-back arena. Both $0-annual-fee cards earn 5% cash back in bonus categories you opt into each quarter, on top of ongoing bonus rewards on certain everyday spending — so both are also fairly complicated cards. The difference boils down to your.

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Fraud and Financial Crime Convergence

Fico Collections

I recently had the honor of participating in a session on Fraud and Financial Crimes Convergence at the Aite Financial Crime Forum. The insightful panel included Chuck Subrt from Aite, Heather Allen from Peoples Bank, Erick Kraus from FIS and Brent Wellington from Ally Bank. For those of you that missed it, and even those who caught it but want a refresher, here are a few key learnings from the event. .

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Innovative Payments for Subscription Services

Payment Savvy

Over the past 8 years, subscription services have grown by more than 350%. Due to guaranteed recurring revenue, the industry is indeed a lucrative one. Partnering with an experienced and reliable merchant provider is key to keeping cash flow positive without interruptions. Below we will analyze how a subscription merchant account can assist with business growth.

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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.