Payment Savvy

APRIL 21, 2021

Once upon a time, companies around the globe incurred substantial losses due to delinquent receivables. With no clear policies on recovering past-due debts, entities, at times, engaged in unscrupulous methods to recover these owed revenues. A better way to handle this process was desperately needed. Fast forward to the present day, and professional third-party debt collection agencies have made it efficient, compliant, and cost-effective for companies to recover owed monies.

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Collection Agencies Collections Agency Collections Debtor 52

NCBA Law Practice Management Blog

APRIL 18, 2021

As is clear by now, more efficient law firms make more money than inefficient ones. The more work you can get through, the more money you make. Of course, efficiency does not build up out of thin air: you need to work for it. And, the best step to take, in terms of building law firm efficiency, is to map out everything you do. Like, literally everything.

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Credit Management Company

APRIL 20, 2021

No crystal ball has enough power to make predictions for 2021 since the pandemic is still surging in parts of the world. As we slowly return to some sense of normalcy, however, you might be wondering about the outlook for your organization’s revenue this year. Will this year be better than the last? Here we’ll review a report showing the financial implications COVID-19 might have for health organizations in 2021.

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Account Recovery

APRIL 23, 2021

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss a class-action lawsuit, ruling a plaintiff lacked standing to sue after claiming that a collector violated the Fair Debt Collection Practices Act by including “Personal & Confidential” on the outside of an envelope containing a collection letter and because “data symbols similar … The post Judge Grants MTD Over Lack of Standing on QR Code Case appeared first on AccountsRecovery.ne

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Fair Debt Collection Collections 246

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

APRIL 21, 2021

You have an amazing software idea and you're ready to make some money with it. Have you figured out your product's niche market? Have a business plan already? Are you already getting feedback from customers? These are just a few questions to consider as you take your product to market and start enjoying that recurring revenue. Use this checklist when you're ready to launch and grow your SaaS startup!

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Startups 219

Consumer Finance

APRIL 18, 2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.

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Debt collector 139

Account Recovery

APRIL 23, 2021

FIRST CLASS-ACTION SUIT, POST-HUNSTEIN, FILED IN N.Y. FEDERAL COURT Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and … The post Daily Digest – April 23.

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Debt collector Collections 246

Enterprise Recovery

APRIL 23, 2021

As a B2B business that supports other B2B businesses, we understand the value of strong client relationships. Much like other relationships, the value can increase over time, offering financial benefits through referrals and upselling. If handled correctly, these relationships can also be mutually beneficial to both parties. Here's how to create strong client relationships and reap long-term benefits.

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Nerd Wallet

APRIL 23, 2021

If your small business has employees, your business tax obligations include reporting the income and payroll taxes that you withhold from their paychecks. Typically, this information is reported using IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return. However, if your business is smaller and has less tax liability, you may be. Randa Kriss writes for NerdWallet.

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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.

Collections

Credit Corp

APRIL 22, 2021

If you’re ready to start thinking about your finances, we’ve got good news for you: April is Financial Literacy Month. Promoted by the Jump$tart Coalition , National Financial Literacy Month is a great time to evaluate your financial situation and make a plan to reach your financial goals. It’s a great time to teach your kids about financial responsibility, too.

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Loans 98

Account Recovery

APRIL 23, 2021

Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and 1692f of the Fair Debt Collection Practices Act … The post First Class-Action Suit, post-Hunstein, Filed in N.Y.

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Fair Debt Collection Debt collector Collections Healthcare 246

Consumer Finance

APRIL 21, 2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.

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Collections 97

Nerd Wallet

APRIL 21, 2021

When it debuted in 1998, PayPal was the first service that made electronic payments available to the masses. However, since then, many more businesses have launched as merchant services payment processors. There are a number of reasons why you might be looking for PayPal business account alternatives, including: You want a dedicated merchant account.

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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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Sawin & Shea

APRIL 20, 2021

When an Indiana homeowner is unable to make their mortgage payments, the lender eventually starts a foreclosure. The foreclosure process, if left to proceed, ultimately results in the house being sold off to settle all or part of the debt. This is a nightmare for a family that’s already struggling to make ends meet. Your unpaid bills are piling up and now your home is gone too.

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Account Recovery

APRIL 23, 2021

The House of Representatives has passed a bill aimed at amending the Fair Debt Collection Practices Act to provide additional protections to servicemembers. The bill, H.R. 1491, the Fair Debt Collection Practices for Servicemembers Act, was introduced in March by Rep, Madeleine Dean [D-Penn.]. This was the second time Dean had introduced the legislation.

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Fair Debt Collection Collections 246

Prosperity Now

APRIL 19, 2021

The interviews with credit unions that informed this blog were made possible thanks to the support of Inclusiv whose mission

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Credit Unions Credit Unions 96

Nerd Wallet

APRIL 21, 2021

It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market. Roughly 1 in 6 (17%) homeowners plan on selling their. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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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

Credit Corp

APRIL 21, 2021

This article originally appeared on Arrest Your Debt and has been republished with permission. Weekend jobs are an excellent way to make a little more (or a lot more) money depending on what you can do and how much time you have available. To help you figure out which job opportunities are right for you, which ones are available, and how to find the perfect weekend job, continue reading.

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Account Recovery

APRIL 22, 2021

The shockwaves are still reverberating through the accounts receivable management industry following yesterday’s ruling in Hunstein v. Preferred Collection and Management Services, Inc., and the question on many minds is, how bad is this going to get? That question is being asked on a number of levels. The obvious level is — will consumers and … The post Assessing the Impact of Yesterday’s Ruling appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 246

Prosperity Now

APRIL 19, 2021

Washington, DC (April 20, 2021) – Following is a statement by Gary Cunningham , President and CEO of Prosperity Now

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Nerd Wallet

APRIL 19, 2021

Unlike individual taxpayers who only have to file one tax return per year, most businesses are required to file quarterly tax returns. On Form 941, also known as the Employer’s Quarterly Federal Tax Return, businesses must report the income taxes and payroll taxes that they’ve withheld from their employees’ wages — as well as calculate and. Priyanka Prakash writes for NerdWallet.

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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

Credit Corp

APRIL 19, 2021

Are you thinking about getting a new car? Buying a car is a big step. There’s a ton to consider—what type of car do you want? Do you want a newest model? How long do you want to keep your car? You also need to consider things like your lifestyle, how often you travel and more. If you’re having trouble deciding, there is another option—leasing a car.

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Loans Manufacturing Trade 75

Account Recovery

APRIL 22, 2021

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Don Siler of Cre

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Accounts Receivables Management 246

PBWT

APRIL 21, 2021

In January, we reported that the Supreme Court had resolved a split among the Circuit Courts of Appeals regarding property seized from a debtor pre-petition, holding that “merely retaining possession of estate property does not violate the automatic stay.” [1] The underlying dispute in Fulton arose when individual debtors demanded that the City of Chicago return cars that were impounded for non-payment of various municipal parking and traffic violations immediately upon the filing of

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Nerd Wallet

APRIL 23, 2021

Saving for a down payment is often the biggest roadblock for first-time home buyers. The good news is, you don’t need to put down 20% to buy a home. In fact, you may be able to buy a house with no money down if you served in the military, are a rural home buyer, are. Linda Bell writes for NerdWallet. Email: lbell@nerdwallet.com. Twitter: @lindanbell.

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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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