Wed.Mar 30, 2022

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24 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 24 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them.

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Judge Grants MTD on Hunstein Claims in FDCPA Suit

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss four of the five counts it is facing in a Fair Debt Collection Practices Act suit after it was accused of disclosing information about the existence of the debt in question to a third party, namely a vendor that was used … The post Judge Grants MTD on Hunstein Claims in FDCPA Suit appeared first on AccountsRecovery.net.

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How to Check Your Business Credit Score

Nerd Wallet

A top-tier business credit score can unlock preferred rates on financing and business insurance, and it can also open the door to potential partnerships and trade credit arrangements. Unlike personal credit scores, which are standardized and available for free, each business credit bureau uses a different scoring system, and you often need to pay to.

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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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N.Y. AG Sends Warning to Collectors About New SOL, Court Filing Requirements, Requests Information About Complying with Reg F

Account Recovery

The Attorney General of New York last week sent letters to “major” debt collectors operating in her state, making sure that those companies were aware of new regulations that have recently gone into effect, such as Regulation F from the Consumer Financial Protection Bureau and new state-mandated large-print disclosures, while also reminding them of changes … The post N.Y.

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Daily Digest – March 30. Judge Grants MTD on Hunstein Claims in FDCPA Suit; Recapping Senate Hearing on Medical Debt as Dems Call on CFPB to Do More

Account Recovery

JUDGE GRANTS MTD ON HUNSTEIN CLAIMS IN FDCPA SUIT A District Court judge in New Jersey has granted a defendant’s motion to dismiss four of the five counts it is facing in a Fair Debt Collection Practices Act suit after it was accused of disclosing information about the existence of the debt in question to … The post Daily Digest – March 30.

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Why Many New Cars Are Cheaper Than Used

Nerd Wallet

The age-old advice that buying a used car is the thriftiest way to roll has gone the way of chrome bumpers and fins, at least for now. As new cars have become scarce because of supply chain problems and microchip shortages — and now the war in Ukraine, which produces a large part of the. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Women Just Want to Have Fun-damental Economic Rights

Prosperity Now

Women’s History Month is not only a celebration of the progress and impact that women have made in the economy,

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How to Earn a Travel Credit Card’s Sign-Up Bonus

Nerd Wallet

Have you signed up for a new travel credit card recently? Then, you’re probably eligible to earn a huge chunk of points within the first few months of holding the card. Many banks offer sign-up bonuses for new credit cards to entice you to apply. These welcome offers can be incredibly lucrative, though you’ll need. Carissa Rawson writes for NerdWallet.

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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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DelBene Tax Prep Dispatch - The EITC Lookback is back (it never left!)

Prosperity Now

Picture this: You are completing the quality review with a client, and all was going well, but now they are

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What Is Offshore Banking?

Nerd Wallet

Offshore banking is simply another name for opening a bank account outside of your home country. It may be more challenging to open an offshore bank account than a domestic bank account because you may need to prove you have a minimum amount of money or a business relationship with the bank’s country. » Looking. Chanelle Bessette writes for NerdWallet.

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DelBene Dispatch - The EITC Lookback is back (it never left!)

Prosperity Now

Picture this: You are completing the quality review with a client, and all was going well, but now they are

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Do This if You’ve Already Refinanced Your Student Loans

Nerd Wallet

Student loan refinance is often the best way to reduce your payment, cut total loan costs and pay off your debt faster. If you’ve already refinanced, you have a way to improve your loan even more: Refinance again. If your goals have changed since the first time you refinanced, or if you want to get. Cecilia Clark writes for NerdWallet. Email: cclark@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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?eská spo?itelna Modernizes Operations With Debt Collection Optimization

Fico Collections

Improving customer outcomes. ?eská spo?itelna, the Czech Republic’s oldest and largest bank, has modernized its operations by optimizing its decisions around customers in early collections. The use of FICO prescriptive analytics, in this case, debt collection optimization, has improved customer satisfaction and reduced agent call minutes by 25 percent.

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Ask a Travel Nerd: How Do I Find COVID Tests to Return Home?

Nerd Wallet

According to the Centers for Disease Control and Prevention, all air travelers over the age of 2 “need to get a COVID-19 viral test (regardless of vaccination status or citizenship) no more than one day before returning to the U.S.” So if you plan on traveling outside the U.S., you need to find a COVID. Elina Geller writes for NerdWallet. Email: egeller@nerdwallet.com.

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CFPB Director Chopra Statement on Edfinancial and Student Loan Cancellation for Public Service

Consumer Finance

Consumer Financial Protection Bureau Director Rohit Chopra issued a statement regarding Edfinancial and Student Loan Cancellation for Public Service.

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How the Student Loan Pause Has Played Out for Borrowers

Nerd Wallet

Two years after the chaos of the pandemic prompted Congress to pause federal student loan payments, new data show many borrowers have used that extra room in the budget to shore up their overall finances. Some have inched closer to eligibility for student loan forgiveness. Economists and lending experts say it’s unclear how long that. Anna Helhoski 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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Forbes: Biden's budget does not include money for cancelling student loans

Public Citizen

Here. It doesn't mean there won't be targeted loan forgiveness or changes in the IDR program, but so far, it looks as if widespread cancellation (e.g., $50,000 per borrower is not something the president is pushing).

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Credit Card Interest Calculator

Nerd Wallet

Credit card interest is a monthly fact of life for tens of millions of credit card holders, but to many, it’s a mystery exactly how credit card interest is calculated — how the interest rate on their card account translates into the finance charge that appears on their monthly statement. NerdWallet’s credit card interest calculator. Paul Soucy writes for NerdWallet.

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Season 3: Episode 1: Justice Marshall & Justice Ginsburg’s Judicial Philosophies

PBWT

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Blue Ribbon Bags Reunites You and Your Bags in 4 Days — Or Pays

Nerd Wallet

There’s perhaps no worse way to start a trip than the airline losing your checked bags. In addition to not having your clothes and supplies, you also have to spend precious vacation time filing a lost baggage report with the airline and following up constantly to get your bags back. Thankfully, there’s a service you. JT Genter 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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Fears of a US Recession on the Horizon

NACM

Businesses have put up a tough fight against record-high inflation, supply disruptions and labor shortages for two years now. But the U.S. Treasury yield curve could possibly signal a losing battle. "The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the U.S. Treas.

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How Trans and Nonbinary People Can Change Names on Credit Reports

Nerd Wallet

Credit reports are beginning to catch up with transgender or nonbinary consumers who legally change their first or middle name. All three major credit bureaus have recently added webpages to their sites explaining how consumers can make sure that their credit reports accurately reflect their names. Suppressing a previous name can ensure the credit file.

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Recapping Yesterday’s Senate Hearing on Medical Debt As Dems Call on CFPB to Do More

Account Recovery

There was at least one voice of reason that sat before the Senate Banking Committee yesterday during a hearing that was held on the “Economic Impact of the Growing Burden of Medical Debt,” even as Democrats on the committee called on the Consumer Financial Protection Bureau to do more to help consumers saddled with unpaid … The post Recapping Yesterday’s Senate Hearing on Medical Debt As Dems Call on CFPB to Do More appeared first on AccountsRecovery.net.

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The Pros and Cons of Joining Multiple Hotel Loyalty Programs

Nerd Wallet

One of the dilemmas that points and miles collectors may wrestle with is whether to focus on only a couple of loyalty programs or divide their loyalty across many programs. Should you stay exclusively with one hotel program or be a “free agent” across several hotel loyalty programs? There’s no one correct answer to this. JT Genter 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.