Sat.Nov 26, 2022 - Fri.Dec 02, 2022

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Top 3 Actions for Delinquency Management Alleviating Inflation Concerns

Fico Collections

Home. Blog. FICO. Top 3 Actions for Delinquency Management Alleviating Inflation Concerns. What prudent and responsible actions can we diligently deploy to face the potential fallout of inflation? FICO Admin. Thu, 08/22/2019 - 12:37. by Cyril Cherian. expand_less Back To Top. Wed, 11/30/2022 - 16:00. The financial institutions who were resilient during the pandemic learned from their experiences in 2008 and were better prepared for inflation.

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Breaking Barriers in Debt Collections

American Profit Recovery

By Angela: The perception of debt collections has changed dramatically in recent years. For many years the public had an image of collection agencies that just focused on collecting money. At one point or another, before I got into this industry, I had those types of feelings too. What I’ve learned in my experience is now the furthest from these scenarios.

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Contact Center Wages Have Peaked and Will Finally Start to Normalize in 2023: Report

Account Recovery

Companies nationwide in the accounts receivable management industry have felt the pinch in their wallets during the past two years thanks to rising wages being paid to collection agents, customer service representatives, and other contact center workers. But maybe there is a light at the end of the tunnel. Experts quoted in a published report … The post Contact Center Wages Have Peaked and Will Finally Start to Normalize in 2023: Report first appeared on AccountsRecovery.net.

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B2B Sales & Marketing Tips to End the Year Strong

Enterprise Recovery

While we typically write about the end-of-the-year processes for accounts receivable , year-end brings about its own stress for the sales and marketing teams. With quotas to meet and budgets to assess, the challenges can weigh on even the most seasoned professional. Here are four tips for B2B sales and marketing professionals to end the year strong.

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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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5 Tax Moves to Consider Before Year-End

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. With the holidays right around the corner, taxes might be the last thing on your mind. But a little. Sabrina Parys writes for NerdWallet.

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Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block

Account Recovery

The Supreme Court yesterday agreed to hear arguments this term in a lawsuit over the Biden administrations plan to cancel up to $20,000 of student loan debt, while another appeals court issued a ruling upheld a lower court’s decision to temporarily halt the program, after 26 million individuals had applied for loan forgiveness. Arguments in … The post Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block first appeared

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Don't Let Past Due Invoices Ruin Your Holidays!

Enterprise Recovery

The holidays are a special time when your business breathes out a sigh as one year ends and another begins. Right? Before that happens, there is much to do! The end of the year signals the looming beginning of tax preparation and budget decisions. It also means closing out the books for the year and discovering delinquent receivables. Don't let past-due invoices ruin your holidays!

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It Has Been This Bad Before. How Home Buyers Got It Done in 1981

Nerd Wallet

The housing market is in grim shape. People yearn to buy but are thwarted by rising mortgage rates, unaffordable homes and an inadequate supply of properties for sale. The hopeful news is that America has been through this before — in 1981 — and things eventually got better. The sobering news is that the early-’80s. Holden Lewis writes for NerdWallet.

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CFPB Takes $19 Million Action Against Loan Doctor and Edgar Radjabli for Offering Fake High-Yield Bank Accounts

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) took action against Loan Doctor to resolve the CFPB’s claims that the company and its founder, Edgar Radjabli, broke the law by deceiving consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.

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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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Nordis Technologies Launches Enhanced Text Messaging in Partnership with Solutions by Text

Account Recovery

CORAL SPRINGS, FLORIDA and DALLAS, TEXAS, November 30, 2022—Nordis Technologies continues to build its leadership in integrated omnichannel customer communications management and digital and print delivery with expanded text messaging capabilities through its new partnership with Solutions by Text (SBT). Nordis Technologies’ clients can now compose and send one-time and recurring, compliant text messages using the company’s patented Expresso™ CCM platform, enabled … The post Nordis

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Know your options: Basic debt collection tools

Collections Law

Getting payment on late debt is not always an easy task. Thankfully, businesses do not need to go through this process on their own. Business owners can work with legal counsel to help locate and collect that money. At the Law Offices of Alan M. Cohen LLC, we have nearly 50 years of combined legal experience working to help our clients get the money they are owed.

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Delta Clamps Down On Sky Club Lounge Access After Record Visits

Nerd Wallet

Delta Air Lines says it saw a record number of visitors to its Delta Sky Club airport lounges in 2022, prompting the airline to cut back on how many people can enter in the coming year. The news will make it tougher (and more expensive) for most travelers to get into its lounges. It also. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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4 AI Predictions for 2023: From the Great Correction to Practical AI

Fico Collections

Home. Blog. FICO. 4 AI Predictions for 2023: From the Great Correction to Practical AI. A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Scott Zoldi. expand_less Back To Top. Thu, 12/01/2022 - 11:05.

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10 Ways to Improve Payment Collections with Salesforce

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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FTC Sues, Obtains TRO Against Alleged Debt Relief Scam That Bilked Millions from Consumers

Account Recovery

The Federal Trade Commission has filed a lawsuit and obtained a temporary restraining order shutting down a network of eight companies engaged in a credit card debt relief scheme and the three individuals that own and operate them. The defendants are charged with violating the Telemarketing Sales Rule and unfair and deceptive acts or practices … The post FTC Sues, Obtains TRO Against Alleged Debt Relief Scam That Bilked Millions from Consumers first appeared on AccountsRecovery.net.

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That's Refreshing: When Did You Last Revise Your Law Firm Templates?

NCBA Law Practice Management Blog

It’s hard enough running a law firm, without having to schedule time and effort to revise the templates you use in your law practice. So, most lawyers don’t take the time to do it at all. Or, they only update their templates when there has been a major statutory change. Or, they have to do it when they make the (wise) decision to adopt a document assembly program.

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Which Airline Is the Most Reliable in 2022?

Nerd Wallet

When booking a flight, you want the option that will get you and your stuff where you want to go — preferably on time. Unfortunately, that’s not been a given recently. Airline performance has struggled over the past year as passengers flock back to the skies. According to Transportation Security Administration screening data, almost 11. JT Genter writes for NerdWallet.

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4 Key Metrics for Measuring Digital Campaigns in Accounts Receivable

PDC Flow

Every debt collector knows the struggle of getting consumers to answer their phones. Digital campaigns can better engage people who want to pay without requiring them to answer a call. But you need to collect certain key metrics to know these new tactics are working. Collecting and analyzing your data will help you understand how your business is performing and forecast future engagement and revenue.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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Appeals Court Vacates Dismissal of TCPA Class Action, Remands Case to Determine Standing

Account Recovery

The Court of Appeals for the Eleventh Circuit has vacated the dismissal of a Telephone Consumer Protection Act case and remanded it back to the District Court because half of the plaintiffs in the class action did not state in the complaint how many calls they received, and the court first needs to establish whether … The post Appeals Court Vacates Dismissal of TCPA Class Action, Remands Case to Determine Standing first appeared on AccountsRecovery.net.

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The Demise of the Open and Obvious Defense (Michigan’s Evolution of Premises Liability Law)

Fraser

Premises liability cases are often litigated in Michigan with considerable difficulty. In a premises liability claim, a possessor of land owes a duty to an invitee to exercise reasonable care to protect them from an unreasonable risk of harm caused by a dangerous condition on the land. However, plaintiffs frequently find difficulty in successfully making claims under a premises liability theory due to the “open and obvious” defense.

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You Got Laid Off: What to Do With Your Money

Nerd Wallet

When you’re laid off, you’re not going to be in the clearest state of mind to take care of your financial life. It can be challenging to do much of anything at first, says Pamela Capalad, a New York-based certified financial planner. “But you have to deal with the financial stuff.” To safeguard your finances, Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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La CFPB Emite Directrices Para Enfrentar Prácticas Deficientes de Investigación Por Compañías de Informes Del Consumidor

Consumer Finance

Cuando compañías de informes del consumidor y proveedores de información fallan en investigar información disputada, los consumidores quedan pagando tasas más altas y teniendo más dificultades para encontrar vivienda o empleo.

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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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Data Breach at Wash. Collection Agency Impacts 3.7M Consumers

Account Recovery

A Washington-based collection agency has reported a data breach to the Attorney General of Maine after being the target of a ransomware attack last year that compromised the personal information of more than 3 million people, according to published reports. Attorneys have already started looking for individuals whose information may have been part of the … The post Data Breach at Wash.

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FCC Releases Declaratory Ruling Addressing the TCPA Compliance Status of Ringless Voicemails

TCPA

On November 21, 2022, the Federal Communications Commission (FCC) released a Declaratory Ruling and Order (Declaratory Ruling), in which it determined that “ringless voicemail” to wireless phones requires prior consumer consent to transmit because it is a “call” made using … Continue reading →

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How to Recession-Proof Your Car

Nerd Wallet

Nothing spurs a closer look at your budget like fear of a recession — and for many Americans, cars eat up a big chunk of their funds. According to AAA, the average American will pay $1,062 more in 2022 to own and operate a new car than they did in 2021. These expenses include gas, Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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La CFPB emite directrices para enfrentar prácticas deficientes de investigación por compañías de informes del consumidor

Consumer Finance

Cuando compañías de informes del consumidor y proveedores de información fallan en investigar información disputada, los consumidores quedan pagando tasas más altas y teniendo más dificultades para encontrar vivienda o empleo.

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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.