Nerd Wallet
JULY 28, 2022
The latest Mega Millions lottery jackpot has passed $1 billion for only the third time in the lottery game’s 26-year history. That’s, well, a lot of money. How much? Here’s one way to think about it: Let’s say you’ve just scored a dream salary of $1 million a year. Go, you! So, at that blistering. Rick VanderKnyff writes for NerdWallet. Email: rvanderknyff@nerdwallet.com.
NCBA Law Practice Management Blog
JULY 27, 2022
A lot of attorneys, new and seasoned, volunteer for everything under the sun, until they’re so busy, they just wanna puke. Now, that’s not the goal of volunteering. When it comes to working with organizations, legal-specific or otherwise, the idea is not to overwhelm yourself – but, to actually generate business, based on your in-person networking and referral marketing efforts.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Enterprise Recovery
JULY 29, 2022
In simple terms, accounts receivable management is the means for collecting money that is owed after extending credit for or agreeing to provide goods and services. During downturns in the economy or when otherwise strapped for cash, businesses typically have working capital trapped in receivables that are unpaid or not paid on time. Use these tips to rescue your business cash flow with accounts receivable management.
Account Recovery
JULY 29, 2022
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Collector of Incorrectly Noting Account was Disputed appeared first on AccountsRecovery.net.
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.
Consumer Finance
JULY 28, 2022
Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission. U.S. Bank pressured and incentivized its employees to sell multiple products and services to its customers, including imposing sales goals as part of their employees’ job requirements.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Enterprise Recovery
JULY 25, 2022
The process of collecting what's due from customers can go by several names. Accounts receivable, receivables, A/R, accounts receivable collections, debt collections, and more. (Not to be confused with accounts payable, which is a different part altogether.). Many of these terms are not interchangeable but actually define different levels or areas of the process of collecting payments.
Account Recovery
JULY 29, 2022
COMPLAINT ACCUSES COLLECTOR OF INCORRECTLY NOTING ACCOUNT WAS DISPUTED A complaint has been filed in federal court in the District Court for the Eastern District of California, accusing a collector of violating the Fair Debt Collection Practices Act by allegedly incorrectly marking an account as disputed after receiving a letter from the plaintiff. This content … The post Daily Digest – July 29.
Consumer Finance
JULY 26, 2022
Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide consumer reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020.
Nerd Wallet
JULY 28, 2022
The Mega Millions jackpot has ballooned to an estimated $1.02 billion ahead of the next drawing on Friday, July 29. A billion dollars is not an easy number to wrap your head around, and it’s happened only twice before in Mega Millions history. If you want a chance to win the jackpot, here’s what you. Taryn Phaneuf writes for NerdWallet. Email: tphaneuf@nerdwallet.com.
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.
Prosperity Now
JULY 27, 2022
Across the country, the rising cost of living, increasing debt, and navigating an economy recovering from COVID-19 continues to impact
Account Recovery
JULY 29, 2022
The Court of Appeals for the Eleventh Circuit has vacated a lower court’s approval of class certification in a Telephone Consumer Protection Act case, ruling that some of the named plaintiffs in the class did not have standing to sue in federal court. A copy of the ruling in the case of Drazen v. Godaddy.com … The post Appeals Court Vacates Certification, Settlement in TCPA Case appeared first on AccountsRecovery.net.
Consumer Finance
JULY 26, 2022
Today, the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) took action to end Trident Mortgage Company’s intentional discrimination against families living in majority-minority neighborhoods in the greater Philadelphia area.
Nerd Wallet
JULY 27, 2022
The Federal Reserve doubled down on its inflation-fighting strategy on Wednesday afternoon, raising a key interest rate by 75 basis points, or 0.75 percentage point, for the second month in a row. The good, or at least not worse, news for home buyers: The Fed’s latest move doesn’t seem likely to push up mortgage interest. Kate Wood writes for NerdWallet.
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.
Fraser
JULY 27, 2022
The Michigan Economic Development Corporation (MEDC), joined by Governor Whitmer, announced that the U.S. Department of Treasury has approved up to $237 million in State Small Business Credit Initiative (SSBCI) funding for businesses in the State of Michigan. The SSBCI is designed to promote entrepreneurship and increase access to capital that would otherwise not be available in the market through conventional terms.
Account Recovery
JULY 29, 2022
A District Court judge in New Jersey has denied a defendant’s motion to dismiss and a motion for sanctions against the plaintiff in a Fair Debt Collection Practices Act case that is accusing a law firm of improperly adding a collection fee in an itemization table included in a summons that was attempting to recover … The post Judge Denies MTD in FDCPA Case Over Collection Fee appeared first on AccountsRecovery.net.
Consumer Finance
JULY 27, 2022
Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion -- will affect people who have allegedly unpaid medical debt on their credit reports.
Nerd Wallet
JULY 26, 2022
Key takeaways A homeowners insurance policy generally covers sudden, accidental roof leaks — not those due to age or wear and tear. Your insurance company may not pay the full price of a roof replacement if you have actual cash value coverage for your roof. If you need to file a claim for a roof. Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.
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?
Sawin & Shea
JULY 27, 2022
Debtors who run their credit card balances up before they file for bankruptcy could suffer consequences. Primarily, it could result in your debt becoming ineligible for discharge, which is often the whole point of filing for bankruptcy. So in many cases, running your credit card debt up is not worth it. To fully understand how this works, it helps to understand the basics of credit card debt when you are filing for bankruptcy, which we will dive into below.
Account Recovery
JULY 29, 2022
Nearly one-quarter of households in the United States have no emergency savings and 28% have some, but not enough to cover three months of living expenses, according to the results of a poll released by American Consumer Credit Counseling. To make the situation even more dire, 43% of individuals expect to add to their current … The post Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off appeared first on AccountsRecovery.net.
Consumer Finance
JULY 28, 2022
The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Rights Act (SCRA). While servicemembers have the same rights as non-military borrowers, the SCRA provides additional rights to protect servicemembers and their families against unique financial challenges.
Nerd Wallet
JULY 28, 2022
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week, we talk with a business owner about how she opened a full-service beauty salon and bar, grew it to two locations with dozens of employees — and how she pivoted again and again during the COVID-19 pandemic. Check out this episode. Rosalie Murphy writes for NerdWallet.
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?
PBWT
JULY 28, 2022
It’s been a hard year for cryptocurrency. The values of most cryptocurrencies, including major coins such as Bitcoin and Ethereum, have continued to tumble. In fact, the price of one stablecoin, which is a form of cryptocurrency tied to another currency, commodity or financial instrument, de-pegged from its cryptocurrency token and entered into a downward spiral.
Account Recovery
JULY 25, 2022
An advocacy group in New York is pushing Governor Kathy Hochul to sign a bill into law that would ban hospitals from obtaining garnishments and imposing liens to collect on unpaid medical debts, and has issued a report investigating the practice at five nonprofit hospitals in the state, concluding that indebted patients tend to work … The post Report Analyzes Garnishment Data to Lobby N.Y.
UK debt collections
JULY 29, 2022
An Ambulance trust has had to write of £339k after they were deemed unrecoverable. In a meeting of the West Midlands Ambulance trust board (WMAS), members agreed to write off a whopping £339,000 owed to the service detailed in a report following debt recovery failures. As reported in the Shropshire star, TNC Debt Collection Agency had provided a no win no fee debt collection service to the Ambulance trust.
Nerd Wallet
JULY 28, 2022
Nowadays, most travel credit cards charge an annual fee in exchange for lucrative rewards and travel-friendly perks. So if you’re against paying a fee to carry a credit card, most travel credit cards won’t make the cut. Enter the Wells Fargo Autograph? Card, which offers standout rewards in multiple popular spending categories, plus valuable travel.
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.
Expert insights. Personalized for you.
137 
Let's personalize your content