On Guard

MAY 27, 2021

Data is now the lifeblood of business. Driving digital transformation initiatives across finance departments requires visibility of data assets and the right technology in place to truly harness it. Hurdles however stand in the way, with only 5% of finance professionals stating that their organisation is fully data driven. Data is now entering organisations from all sides and is rapidly growing in volume, with consumption worldwide predicted to double from 74 zettabytes in 2021 to 149 zettabytes

Collections 52

Collections 52

Arbeit Software

MAY 27, 2021

We wanted to share some updated data & insight on how millennials prefer to communicate inside & outside of the workplace. Who better to ask than the millennials on our team at Arbeit?

Collection Agencies 52

Collection Agencies Collections Agency Manufacturing Collections 52

Nerd Wallet

MAY 25, 2021

If you’ve ever heard someone say something like, “I remember when a soda pop only cost me a nickel,” there’s one big reason: inflation. Because of inflation, the price of a bottle of Coca-Cola has increased twelvefold since it debuted in 1886. Understanding what inflation is and how it affects you can be useful when. Tiffany Lam-Balfour writes for NerdWallet.

123

123

Account Recovery

MAY 28, 2021

The owner of a Kentucky collection agency is facing up to 20 years in prison after pleading guilty to charges of wire fraud and tax evasion. Kevin Welsch, who owned and operated RCC Services, admitted to defrauding clients by collecting debts on behalf of creditors and keeping the money for himself. He also admitted to … The post Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion appeared first on AccountsRecovery.net.

Collection Agencies 246

Collection Agencies Collections Agency Collections Creditors 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.

American Profit Recovery

MAY 28, 2021

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This can include law firms, management consulting firms, marketing agencies, and others. Because you are constantly working on behalf of these clients, you’ve also built a working relationship.

Collection Agencies 244

Collection Agencies Collections Agency Law Firms Collections 244

Nerd Wallet

MAY 25, 2021

When the COVID-19 pandemic hit, communities around the U.S. rallied to help small businesses by launching “shop local” initiatives, purchasing gift cards and starting fundraising campaigns. Now that states have begun to roll back social distancing restrictions and vaccination rates continue to climb, small businesses still need continued support. “When we shop local, the statistics.

126

126

Account Recovery

MAY 28, 2021

For the second time in two months, Performant Financial Corp. has sold off some of its assets, this time selling parts of its business — including customer contracts — to Transworld Systems Inc. (TSI). Terms and specifics of the deal were not disclosed. Back in March, Performant announced it had sold some of its recovery … The post TSI Buys Assets From Performant appeared first on AccountsRecovery.net.

246

246

American Profit Recovery

MAY 25, 2021

While running any type of small business can be stressful and cause business owners some type of anxiety, this past year during the coronavirus pandemic has caused more business owners and small business operators some of the hardest stress we have all seen in recent times. We worry about small business cash flow, hiring, and firing, regulations, permitting, community relations and so much more.

Banks 237

Banks Collections 237

Fico Collections

MAY 24, 2021

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? The short answer: not great.

Government 98

Government 98

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

Nerd Wallet

MAY 23, 2021

When the cold weather breaks and the sun begins to stay out later, many enterprising people ask themselves the same question: What are the best seasonal business ideas? After all, higher temperatures mean customers are out and about, looking for a bit of sunshine in their lives after a long and dreary winter. If you’re. Brian O'Connor writes for NerdWallet.

116

116

Account Recovery

MAY 28, 2021

BRIEFS IN SUPPORT OF HUNSTEIN PETITION START ROLLING IN Companies and organizations across the accounts receivable management industry are starting to line up behind the defendant in Hunstein v. Preferred Collection and Management Services, filing amicus briefs supporting the defendant’s petition for an en banc re-hearing before the entire Eleventh Circuit Court of Appeals.

Accounts Receivables Management 246

Accounts Receivables Management Collections 246

Jimerson Firm

MAY 24, 2021

On many construction projects, the general contractor may be required to furnish a performance bond. That performance bond guarantees the completion of the prime contract if the general contractor defaults. A performance bond is a three-party contract between a surety (the party promising to be responsible if the principal fails to perform), the principal (the party who is performing the work—the general contractor), and the obligee (the party who is protected by the performance bond—the owner)

Construction 98

Construction 98

Credit Corp

MAY 23, 2021

Identity thieves are almost always opportunistic—but the crimes they commit feel very personal. Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. To keep fraud in check, you need to know how to check your credit report for identity theft, and how to deal with problems when they arise.

Bankruptcy 98

Bankruptcy Financial Institution Lender Credit Bureau 98

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

Nerd Wallet

MAY 25, 2021

Having an application for an SBA loan denied can be a frustrating experience for business owners in need of financing. These loans often come with some of the best interest rates available and are partially guaranteed by the U.S. Small Business Administration, which makes them very competitive. If you’re denied an SBA loan, the right. Brian O'Connor writes for NerdWallet.

Loans 115

Loans 115

Account Recovery

MAY 27, 2021

GETTING TO KNOW BOBBIE BLUE OF RENKIM It’s always nice to see someone have the self-confidence to be able to point to someone else and say, “I wouldn’t be here if not for him/her.” Bobbie Blue is humble enough to give credit where it is due, and that is a large reason why he has … The post Daily Digest – May 27. Getting to Know Bobbie Blue; Defunct Agency Fined $500k appeared first on AccountsRecovery.net.

246

246

Sawin & Shea

MAY 26, 2021

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse. But there are some important things you should know because bankruptcy can affect your debts and property in unexpected ways.

Bankruptcy 97

Bankruptcy Chapter 13 bankruptcy Creditors Repossession 97

PDC Flow

MAY 25, 2021

Security is an essential part of taking payments. If your payment communication software doesn’t take precautions with the sensitive data they help you manage, they aren’t looking out for you or your consumers. Encryption and data tokenization are essential steps to protect credit card and bank account numbers from being improperly handled. PDCflow uses both encryption and tokenization to manage sensitive consumer data.

Banks 95

Banks Collections 95

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

Nerd Wallet

MAY 25, 2021

One, creator of a banking app that allows you to manage multiple types of accounts in one place, is adding a feature that will function much like a secured credit card, but with an adjustable credit limit. It will become available to those ages 18 and older in the coming weeks. One’s no-fee Credit Builder. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

Banks 114

Banks 114

Account Recovery

MAY 26, 2021

The defendant in the Hunstein case yesterday filed its petition with the Eleventh Circuit Court of Appeals seeking to have the case re-heard before all of the court’s judges — known as an en banc hearing — arguing that the three-judge panel erred when it ruled last month that a statutory violation of Section 1692c(b) … The post Defendant Files Petition for En Banc Re-Hearing in Hunstein Case appeared first on AccountsRecovery.net.

Collections 246

Collections 246

Consumer Finance

MAY 26, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a proposed settlement against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant. If entered by the court, the settlement would require the defendants to refund about $1 million in deposits to harmed consumers, stop deceptive practices, and pay a civil penalty.

Loans 84

Loans 84

Credit Corp

MAY 24, 2021

This article originally appeared on Arrest Your Debt and has been republished with permission. When I was a kid, there was always something I wanted to buy. The problem was, I usually had spent all my birthday money, and my parents were not in the habit of buying me whatever I wanted just because. If I wanted to buy something, I needed to learn how to make money as a kid on my own.

Collections 105

Collections 105

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

Nerd Wallet

MAY 24, 2021

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about buy now, pay later loans. These offers are common when shopping online, but they aren’t always a good option. Then we pivot to this week’s question from Patricia, who left us a voicemail: “Hi, Liz Weston writes for NerdWallet.

Loans 110

Loans 110

Account Recovery

MAY 25, 2021

A former associate director at the Consumer Financial Protection Bureau, who came under a wave of criticism when racist comments he made under a pen name 15 years ago were uncovered, has published an article calling out a “lawless” CFPB and equating the new leadership at the regulator to the mob, “willing to use the … The post Former CFPB Assoc.

246

246

Public Citizen

MAY 24, 2021

by Jeff Sovern. Blankenstein's essay appears in the National Review. Bureau-watchers may recall that Blankenstein served as an associate director at the Bureau during the Trump administration but left after a rebellion over blog posts he had written a decade earlier questioning whether use of the n-word is racist, among other things. Here's the opening of the National Review piece: On April 1, the Consumer Financial Protection Bureau  (CFPB) issued a “compliance bulletin” that warn

Foreclosure 81

Foreclosure Government 81

Credit Corp

MAY 26, 2021

Knowing how much money you spend each month and making a savings plan for your remaining income are essential steps to mastering your money skills. Making a budget can accomplish both tasks and personalize your spending plan to motivate you to follow through. These budgeting rules can simplify your finances. 50/30/20 Budget Values-Based Budget Envelope System Zero-Sum Budget Pay Yourself First A Few Bonus Basic Budgeting Tips. 50/30/20 Budget.

104

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