Account Recovery

NOVEMBER 12, 2021

Mortgage servicers, your time is up. The 18 months that you have been given to adjust your operations in order to work with individuals who have been affected by the COVID-19 pandemic and “develop robust business continuity and remote work capabilities” are enough that state ad federal regulators have come together and announced that the … The post Regulators Announce End to Servicers’ Pandemic ‘Temporary Flexibility’ appeared first on AccountsRecovery.net.

Credit Unions 246

Credit Unions Credit Unions 246

Enterprise Recovery

NOVEMBER 12, 2021

If you're looking for a positive way to reach out to your clients, a survey may be the way to go. There's lots of available survey research but this post will narrow it down to some best practices and questions to include. Increase client loyalty with these survey questions.

189

189

American Profit Recovery

NOVEMBER 12, 2021

By Joe: One of the best benefits at American Profit Recovery is our flex time policy. The reason why I love flex time is that when I take paid time off, I get to use it for the things I enjoy. For example, (pre-Covid-19) I saw a $300.00 flight to Europe was available and bought the ticket. I had more than enough paid time off available for this trip due to being able to use flex time for other obligations.

Debt collector 158

Debt collector 158

Nexa Collect

NOVEMBER 12, 2021

Oh, Canada! A land you may one day wish to call your home. Americans have had tons of reasons for wishing to call a new country home in recent years. With a lower quality of life, few benefits to promote a healthy work-life balance, political unrest, and crippling healthcare costs, many Americans just want out. Canada is certainly a beautiful country, but the beauty goes much deeper than just the surface.

Healthcare 130

Healthcare Government Education 130

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.

Account Recovery

NOVEMBER 11, 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 Christy Young Ba

Accounts Receivables Management 246

Accounts Receivables Management 246

Consumer Finance

NOVEMBER 11, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in a Texas federal district court against FirstCash, Inc. and Cash America West, Inc. The CFPB alleges that the two companies violated the Military Lending Act (MLA) by charging higher than the allowable 36% annual percentage rate on pawn loans to active-duty servicemembers and their dependents.

Lender 109

Lender Loans 109

Burr Forman

NOVEMBER 12, 2021

On November 10th, the Safer Federal Workforce Task Force (“Task Force”) updated its Guidance for Federal Contractors (“Guidance”). As discussed in earlier updates, all federal contracts meeting certain criteria issued after November 15th incorporate the Guidance through FAR Clause 52.223-99 (Deviation) or an agency-specific version of it. What Do I Need to Know?

105

105

Account Recovery

NOVEMBER 11, 2021

A District Court judge in Missouri has lowered the attorney’s fees awarded in a Fair Debt Collection Practices Act case by 50%, ruling that a “hyper-technical” violation of the statute that led a jury to award the plaintiff $200 in damages was fair and reasonable. A copy of the ruling in the case of Saxerud … The post Judge Lowers Attorney’s Fees by 50% in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Nerd Wallet

NOVEMBER 8, 2021

President Joe Biden is set to sign a $1 trillion infrastructure bill that was passed by the House late Friday. The bill is intended to invest in many aspects of American infrastructure, ranging from rebuilding rural bridges to reducing the climate change impacts of some transportation systems. One entity that’s getting a significant chunk of. Sally French writes for NerdWallet.

133

133

Advertisement

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

Troutman Sanders

NOVEMBER 12, 2021

In Reddick v. Capouano, Beckman, Russell & Burnett LLC , the Court of Appeals for the Eleventh Circuit recently affirmed defendant law firm Capouano, Beckman, Russell & Burnett LLC’s (Firm) motion for summary judgment involving an alleged violation of the Fair Debt Collection Practices Act (FDCPA). In its holding, the Eleventh Circuit found no violation of the FDCPA when the defendant law firm moved to collect a debt within the applicable statute of limitations period.

Judgment 98

Judgment Law Firms Fair Debt Collection Collections 98

Jimerson Firm

NOVEMBER 11, 2021

Paying off one’s mortgage can be an exciting time for homeowners. Not only is the homeowner relieved of the burden of their monthly mortgage payments, but they are also finally able to proclaim that the property is owned free and clear. However, making the payoff alone does not automatically free the home from the mortgage and the lien used to secure it.

Lender 98

Lender Foreclosure 98

Account Recovery

NOVEMBER 11, 2021

A number of leading Senate Democrats are calling on Rohit Chopra and the Consumer Financial Protection Bureau to “take concrete steps to reform the credit reporting industry,” including improving the accuracy of credit reports and streamlining the dispute resolution process. The Senators, including. Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, Sen. … The post Senators Call on CFPB to Investigate, Reform Credit Reporting Process appeared first on Ac

Banks 246

Banks 246

Nerd Wallet

NOVEMBER 11, 2021

Many people don’t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not. But some people have the opposite problem: They do have a choice, and yet they can’t quite bring themselves to quit working. Some love what they do and never. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

130

130

Advertisement

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.

Collections

Credit Corp

NOVEMBER 10, 2021

Are you ready to start thinking about holiday shopping? Sure, it might seem a little early. But when it comes to holiday budgeting, it can’t hurt to get a head start. Here are some quick holiday stats for you: according to Statista, the average amount spent on gifts in 2020 was $852. This number has been above $700 annually since 2010. That only accounts for money spent on gifts, though.

98

98

Payment Savvy

NOVEMBER 10, 2021

When a consumer defaults on payment, you first contact them about the missed payment. What happens when that customer vanishes completely? To collect debt more quickly, many businesses utilize collection agencies. One of the tools agencies employs when a consumer goes MIA is skip tracing. Interested to learn more about the tool? Read on to get the 4-1-1… What is skip tracing?

Collection Agencies 98

Collection Agencies Collections Agency Debtor Collections 98

Account Recovery

NOVEMBER 10, 2021

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 Job Listings appeared first on AccountsRecovery.net.

Accounts Receivables Management 246

Accounts Receivables Management 246

Nerd Wallet

NOVEMBER 10, 2021

The price of pretty much everything — including groceries and heating your home — has gone up since last year. The inflation rate reached a 30-year high in October, according to Consumer Price Index data released Wednesday by the U.S. Bureau of Labor Statistics. The Consumer Price Index surged 6.2% for the 12 months ending. Sally French writes for NerdWallet.

116

116

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

Fico Collections

NOVEMBER 8, 2021

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by COVID-19 began in earnest. While the COVID-19 pandemic resulted in economic hardship for many people, it also changed the credit behaviors of millions of consumers and led to the deployment of payment accommodations offered by lenders to help impacted customers with their debts. .

Consumer Credit 98

Consumer Credit Lender 98

True Accord

NOVEMBER 10, 2021

In 2013, TrueAccord was founded with the hypothesis that AI driven digital collection was the way to transform the industry. Eight years later, we are still confident in the transformational nature of our hypothesis but are still surprised how few other companies in our industry have fully embraced digital-first debt collection. The digital revolution has been ongoing for some time now.

Collections 79

Collections 79

Account Recovery

NOVEMBER 11, 2021

GETTING TO KNOW CHRISTY YOUNG BARGER OF CORNERSTONE SUPPORT That jumping on a tractor and cutting the grass is considered a guilty pleasure might be all you need to know about Christy Young Barger to really understand how important getting the job done right is to her. Whether it’s leaving her desk clean and her … The post Daily Digest – November 11.

246

246

Nerd Wallet

NOVEMBER 8, 2021

Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold. But it’s also hard to ignore some cryptocurrencies’ astounding performance: The price of. Alana Benson writes for NerdWallet.

113

113

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

Consumer Finance

NOVEMBER 9, 2021

Today, the Consumer Financial Protection Bureau (CFPB), jointly with other government agencies, announced a return to enforcement of critical protections for families and homeowners.

Foreclosure 82

Foreclosure Government 82

PDC Flow

NOVEMBER 9, 2021

No matter where your organization falls in the business lifecycle, managing the financial health of your company will always be crucial for success. Even the biggest corporations in history have run into cash issues. It can happen to anyone. In fact, issues with cash flow are the leading cause of business failure. Luckily there are ways to improve. Being proactive is the most effective way to avoid any financial issues within your organization.

Loans 75

Loans Personal loans Banks Government 75

Account Recovery

NOVEMBER 9, 2021

The Governor of New York yesterday signed a trio of consumer protection bills into law, including a debt collection bill called the Consumer Credit Fairness Act that lowers the statute of limitations, increases the amount of information needed when filing collection lawsuits, and institute specific requirements when seeking default judgments. The Consumer Credit Fairness Act … The post N.Y.

Collections 246

Collections Consumer Credit Judgment 246

Nerd Wallet

NOVEMBER 10, 2021

If the cost of theme park admission, on-site hotel stays, character breakfasts and Mickey Mouse ears isn’t enough, Disney is introducing more add-on charges. Instead of collecting free FastPasses, visitors to the parks will have to pay for the new Genie+ service — $15 per day at Disney World and $20 per day at Disneyland. Meghan Coyle writes for NerdWallet.

Collections 104

Collections 104

Advertisement

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.

Collections