On Guard

JUNE 17, 2021

5 benefits of turbocharging your accounts receivable management. On paper, the accounts receivable process is downright easy: money comes in, you mark that the client has paid, and you deposit the money into the business bank account. Those of us who work with it daily know that accounts receivable management is rarely that easy. Clients may forget to mention the invoice number or pay from another account than you are used to.

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American Profit Recovery

JUNE 15, 2021

As the light the end of the metaphorical-pandemic tunnel gets brighter, creditors may be questioning whether sending consumers to collections is appropriate. Considering the financial hardships people have endured throughout the pandemic, it is a legitimate concern. Many consumers were laid off, some were forced to work lesser hours, and other people’s jobs were eliminated permanently.

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Credit Corp

JUNE 14, 2021

Some experts believe that Social Security funds may soon begin to run short—and many members of the public agree with them. In fact, less than half of the respondents to a recent Quinnipiac poll thought they’d receive a Social Security benefits payment upon retirement. But are they right, and if so, how will the TRUST Act help? In this article, we’ll examine the TRUST Act in more detail, and we’ll explain what it’s meant to do and how it could affect Social Security futures.

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Government 92

Account Recovery

JUNE 18, 2021

Hunstein copycat cases propelled the number of Fair Debt Collection Practices Act cases filed in May higher, according to data released this week by WebRecon, which tracks litigation across the accounts receivable management industry. More than 200 lawsuits alleging companies violated the third-party disclosures provisions of the FDCPA have been filed since the Eleventh Circuit … The post Hunstein Cases Propel Spike in FDCPA Suits, While TCPA and FCRA Suit Totals Fall: WebRecon appeared fi

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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.

Enterprise Recovery

JUNE 14, 2021

Employers are struggling with finding workers even though COVID restrictions are being lifted across the country. According to a recent report , 42% of small business owners were unable to fill job openings and 91% were unable to find qualified applicants. These challenges are also affecting the work that's getting done within businesses too. Here's how the job market is affecting client invoice payments.

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Public Citizen

JUNE 18, 2021

Farshad Ghodoosi of the David Nazarian School of Business & Economics, California State University, Northridge and Monica Sharif of California State University, Los Angeles have written Justice in Arbitration: The Consumer Perspective, International Journal of Conflict Management (2021). Here is the abstract: Purpose: Arbitration—a binding private third-party adjudication—has been the primary legal way for resolution of consumer disputes.

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Account Recovery

JUNE 17, 2021

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million. The students in question attended ITT Technical Institute, which collapsed in 2016 after it was accused of using misleading … The post Ed.

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Loans Student loans Student Loans Education 246

Enterprise Recovery

JUNE 18, 2021

One of the top stressors of Americans is their financial well-being. Take into account owning your own consulting business, starting a software company or freelance career, and that stress is exponential. It's one thing to lack personal financial literacy but when your business and livelihood are also at stake, the anxiety can leave you paralyzed. Now imagine that you have to contact a customer that's behind on payments. ??.

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Nerd Wallet

JUNE 14, 2021

Wills and trusts are legal instruments that ensure assets are passed down to heirs as per your wishes, helping to provide for the people and causes close to your heart. While each can be a pillar of estate planning, wills and trusts have key differences to consider, from when they take effect to whether or. Tiffany Lam-Balfour writes for NerdWallet.

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Burr Forman

JUNE 17, 2021

In an E-Crypto News panel discussion, What Are The Long-Term Prospects For Bitcoin? author Christopher Hamman brought together a panel of 13 business professionals, including Frank Springfield , to discuss Bitcoin’s long term prospects. The full panel discussion can be found here. Frank’s interview in full text is below. “We have seen the amount of interest in cryptocurrencies skyrocket over the past year.

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Account Recovery

JUNE 17, 2021

The Consumer Financial Protection Bureau yesterday issued an interpretive rule that reverses a policy decision put in place under the Bureau’s former leadership that will restart examinations in order to enforce the Military Lending Act. The CFPB, under former Acting Director Mick Mulvaney announced in 2018 that it would not examine institutions for compliance with … The post CFPB to Restart Examinations Related to Military Lending appeared first on AccountsRecovery.net.

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Sawin & Shea

JUNE 16, 2021

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. This is not true. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 98

Nerd Wallet

JUNE 15, 2021

Buy now, pay later has taken off for retail and travel purchases, and now companies like Walnut and Wellpay offer BNPL for health care costs. This payment option, sometimes referred to as a point-of-sale loan, allows patients to split medical bills into small monthly payments that include minimal or no interest. BNPL loans for health. Chanell Alexander writes for NerdWallet.

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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Fico Collections

JUNE 15, 2021

It’s June, a special month for honoring loved ones, especially parents and grandparents by raising Elder Abuse Awareness. World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse. All too often, elders today are the targets of residential real estate fraud and scams.

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Account Recovery

JUNE 16, 2021

The Federal Communications Commission yesterday announced that its reassigned numbers database will be undergoing a beta test from July 1 through September 30 during which callers and caller agents may use the database without charge. The FCC has been working on the database — which is intended to be used by callers to determine if … The post FCC Announces Beta Test Period for Reassigned Number Database appeared first on AccountsRecovery.net.

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Consumer Finance

JUNE 15, 2021

The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule today that explains the basis for its authority to examine supervised financial institutions for risks to active duty servicemembers and their dependents (i.e. military borrowers) from conduct that violates the Military Lending Act (MLA).

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Financial Institution 98

Nerd Wallet

JUNE 16, 2021

Some people venture into entrepreneurship knowing what industry they want to conquer and what type of business they want to start. However, for many new entrepreneurs, it can be difficult to figure out how to start a business and exactly what kind of business is the best choice. It’s tough to find that perfect idea. We’ve. Meredith Wood writes for NerdWallet.

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Prosperity Now

JUNE 16, 2021

Tacoma Housing Authority ( THA) has always had a unique Children’s Savings Account (CSA) program model, which pairs tenant housing

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Account Recovery

JUNE 15, 2021

Being confused about whether he owed attorney’s fees and hiring his own lawyer is not enough for a plaintiff to have standing to pursue a Fair Debt Collection Practices Act case, a District Court judge in Illinois has ruled, granting the defendant’s motion to dismiss on the grounds that the Court lacked subject matter jurisdiction … The post Judge Grants MTD in FDCPA Case Over Attorney’s Fees appeared first on AccountsRecovery.net.

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Credit Corp

JUNE 17, 2021

Saving money for your first property is often one of the most important personal finance processes a person will undertake. Whether you’re just getting into the planning process or are further into your property purchasing journey, taking a well-planned approach to buying a first home is crucial. It can minimize the financial impact of your mortgage, and maximize your chances of securing your dream home.

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Nerd Wallet

JUNE 14, 2021

Many new mothers see raising children and growing a family as a full-time job. But more and more mothers are inspired to take on the full-time job of raising children while running a business — all at the same time. And from these ambitious and inspiring mothers, we have the rise of the term “mompreneur” in. Georgia McIntyre writes for NerdWallet. Email: gmcintyre@nerdwallet.com.

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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?

Banks

Prosperity Now

JUNE 14, 2021

The country seems to be opening back up for some, but for those hardest hit by the pandemic, barriers like

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Account Recovery

JUNE 15, 2021

A joint project by Johns Hopkins University and Axios concludes that “many of the top 100 hospitals by revenue in the U.S. use predatory tactics to pursue patients with unpaid bills,” referring to filing lawsuits against individuals who do not pay their medical debts. Ten hospitals are responsible for 97% of court actions against patients, … The post Hospitals Accused of Hounding Patients With ‘Predatory Billing’ appeared first on AccountsRecovery.net.

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Credit Corp

JUNE 15, 2021

Many believe that the policies of their landlords will cover them. Some also believe that tenant’s insurance is simply a waste of time and money. It should be noted that a landlord’s policy will cover things like appliances, structural problems, as well as pipes. However, their policy likely won’t cover your most valuable assets, which may include money, gold, jewelry, and electronics.

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Nerd Wallet

JUNE 18, 2021

Medicare pays much of the cost of a wide range of mental health services, whether provided on an outpatient basis or for inpatients in a psychiatric or general hospital. But you need to be aware of limits on these benefits, including substantial copays, coinsurance and a lifetime maximum. Mental health issues are common among older. John Rossheim writes for NerdWallet.

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