True Accord

SEPTEMBER 8, 2022

The world of regulatory compliance can be a complicated place, especially when it comes to debt collection. It can be tricky for non-security and compliance professionals. To help quickly get you up to speed on what auditors are referring to, we’ve put together a glossary, covering some of the most important compliance terms and acronyms. Action Plan: A plan to identify and facilitate remediation steps of current operating practices.

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Collections Fair Debt Collection Debt collector Government 91

Sawin & Shea

SEPTEMBER 7, 2022

Many people hold misconceptions about filing for bankruptcy. Perhaps the most common misconception is the notion that filing for bankruptcy means that you lose all of your wealth and possessions. This, of course, is entirely incorrect. When filing for Chapter 7 or Chapter 13 bankruptcy, you’ll qualify for exemptions that allow you to keep some of your money and certain types of personal property.

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American Profit Recovery

SEPTEMBER 8, 2022

By Delaney: One thing I did not consider when applying as a Collections Specialist is just how many ‘hats’ I’d come to wear in this role. We work with a variety of clients – dental offices, lawncare services, banks, veterinarians, restoration companies, and medical laboratories – just to name a few. The longer I have been with American Profit Recovery, the more I have grown familiar with the assortment of different industries that we recover funds for.

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Account Recovery

SEPTEMBER 9, 2022

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of the Fair Debt Collection Practices … The post CFPB Warns Collectors Working Nursing Home Accounts About Potential FDCPA Violations appeared first on AccountsRecovery.

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Fair Debt Collection Debt collector 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

SEPTEMBER 9, 2022

If your organization is facing slow cash flow, accounts receivable management may be the problem. Every invoice starts in accounts receivable so it's important to manage the procedures to reduce delinquent payments. Let's look at some efficient A/R practices to get you paid. How does accounts receivable increase collections?

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Accounts Receivables Management Collections 200

Consumer Finance

SEPTEMBER 8, 2022

Director Chopra delivered remarks at a virtual roundtable exploring challenges around nursing home debt collection practices, and the impact they can have on the financial wellbeing of caregivers, their families, and friends.

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Collections 99

Account Recovery

SEPTEMBER 9, 2022

While there may be people in the industry celebrating that the Hunstein case was dismissed by the Eleventh Circuit Court of Appeals yesterday, a pair of recently issued rulings from the Northern District of Illinois illustrate that the fight over the use of letter vendors to print and mail collection letters is not over — … The post Pair of NDIL Hunstein Cases Remanded Back to State Court for Lack of Standing appeared first on AccountsRecovery.net.

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Collections 246

Prosperity Now

SEPTEMBER 8, 2022

This month, we spoke with Koreatown Youth and Community Center (KYCC) Community Wealth Program Manager, Lidia Sebastian, to discuss their

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Nerd Wallet

SEPTEMBER 7, 2022

After two long years of home sellers calling all of the shots, home buyers are eager for the housing market to tilt in their favor. But modest improvements in the number of home listings and tempered demand due to higher mortgage rates aren’t likely to put all the power in buyers’ hands anytime soon. Home. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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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.

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Consumer Finance

SEPTEMBER 8, 2022

Today, the Consumer Financial Protection Bureau (CFPB) released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities.

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Collections 98

Account Recovery

SEPTEMBER 8, 2022

GETTING TO KNOW ALEAH HEATH OF UNIFUND AND PAYCE Aleah Heath isn’t just a top business development professional in the ARM industry, she is also a competitive barrel racer and has launched her own non-profit organization. More details here.This series is sponsored by Applied Innovation. JUDGE DENIES MOTION TO REMAND FDCPA CASE OVER TEXT MESSAGES, … The post Daily Digest – September 8.

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Fraser

SEPTEMBER 8, 2022

The National Highway Traffic Safety Administration (“NHTSA”) has recently taken enforcement action against a number of Registered Importers (RI) whose import documentation does not strictly comply with NHTSA laws and Regulations. This enforcement action may include lengthy RI registration suspension or termination. RI’s are advised that all certifications to NHTSA must be completely accurate and not false or misleading.

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Acquisition 81

Nerd Wallet

SEPTEMBER 8, 2022

S-corp vs. C-corp The main difference between an S-corp vs. C-corp is how they’re formed, how they’re taxed and their ownership restrictions. A C-corp is subject to corporate tax rates and has no restrictions on ownership. An S-corp is a pass-through entity that reports its profits on the owners’ personal taxes, and ownership is restricted. Priyanka Prakash 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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Debt RR

SEPTEMBER 8, 2022

Everyone’s talking about rising inflation these days. And for the average American consumer, this means that the purchasing power of your dollar is diminishing. This is because inflation causes a general increase in the prices of goods and services. But if you hold or loan out commercial debt, you might be wondering how inflation affects you. Let’s look at some potential impacts.

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Debt Recovery Debtor Loans Lender 58

Account Recovery

SEPTEMBER 8, 2022

Sen. Elizabeth Warren [D-Mass.] is pushing the Department of Justice to implement new guidance related to how student loan debts are handled when individuals file for bankruptcy protection, saying the department needs “to do its part to ensure that borrowers who continue to struggle with student debt have a path toward additional relief.” Backstory: Student … The post Warren Demands DoJ Release Student Loan Bankruptcy Guidance appeared first on AccountsRecovery.net.

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Student loans Student Loans Bankruptcy Loans 246

Burr Forman

SEPTEMBER 9, 2022

On September 8, 2022, in Hunstein v. Preferred Collection and Management Services, Inc. , No. 19-14434, the Eleventh Circuit Court of Appeals issued an en banc decision which departs significantly from the panel decision on Article III standing issues and statutory causes of action. The case has broad implications for how the Eleventh Circuit applies Article III standing analysis, particularly in consumer finance cases, but also in other cases where a statutory violation has a dubious relationsh

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Collections 52

Nerd Wallet

SEPTEMBER 7, 2022

Traveling with a credit card has enormous benefits. Perhaps most importantly, credit cards are typically safer to carry and use than cash. If your wallet gets stolen, you can contact your bank to lock your credit card, but any cash you were carrying is likely gone forever. If your credit card is used fraudulently, you. Sally French writes for NerdWallet.

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Banks 97

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

UK debt collections

SEPTEMBER 9, 2022

The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022. The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit, the amount that needs to be paid up-front to seek an order, will be increasing in all cases where a petition is filed at court on or after 1 November 2022

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Account Recovery

SEPTEMBER 8, 2022

A District Court judge in California has denied a motion to remand a Fair Debt Collection Practices Act class-action lawsuit back to state court, ruling that the content of text messages and voicemails sent to the plaintiff by the defendant establish standing for the plaintiff’s claim to remain in federal court. Background: The plaintiff claimed … The post Judge Denies Motion to Remand FDCPA Case Over Text Messages, Voicemails Back to State Court appeared first on AccountsRecovery.ne

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Fair Debt Collection Collections 246

NCBA Law Practice Management Blog

SEPTEMBER 8, 2022

Effective billing, like learning any skill, require s repetition. If you can use the same process for billing every time, it makes it much easier to repeat that process, including for collection purposes. But, as with many things that require repetition in business, the use of templates can help tremendously, in streamlining your law firm processes.

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Nerd Wallet

SEPTEMBER 8, 2022

If you injure someone in a car accident, bodily injury coverage helps to pay their medical costs. It can also cover their lost wages if they can’t work after the crash. Although this coverage won’t cover your own medical expenses, it applies to most other people involved in the accident, including: Other drivers and their. Kayda Norman writes for NerdWallet.

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Auto Insurance 93

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

FFGN COLLECT NY

SEPTEMBER 8, 2022

Let’s say your company has a corporate debtor that owes your company a sizable debt. You are concerned that the debtor is in poor financial condition, and that by the time a lawsuit commences and a judgment is obtained, the debtor will not have any assets available to satisfy the outstanding debt. You, therefore, want to try to place a restraint, known as a preliminary injunction on the debtor’s funds prior to obtaining a judgment.

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Unsecured Creditor Debtor Judgment Creditors 52

Account Recovery

SEPTEMBER 8, 2022

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 Aleah Heath of U

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Accounts Receivables Management 246

Fico Collections

SEPTEMBER 8, 2022

Home. Blog. FICO. Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Saxon Shirley. Thu, 06/17/2021 - 06:40. by CK Leo. Senior Consultant, Fraud and Financial Crime. expand_less Back To Top. Thu, 09/08/2022 - 01:00. The growth of real-time payments and fraud in Asia. The payments landscape in Asia is rapidly evolving, thanks to the emergence of new payment methods.

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Nerd Wallet

SEPTEMBER 6, 2022

September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That’s because the Federal Reserve will update its interest rate policy Sept. 21. Rates often stabilize in the two or three weeks prior. Holden Lewis writes for NerdWallet.

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