Arbeit Software

APRIL 29, 2021

With the onset of COVID-19, hiring & retention have become increasingly difficult in the debt collection industry. Not only that, but experts are predicting a major ramp-up in turnover as the pandemic begins to subside. Are you prepared? Employee onboarding experts, Mary Shores & Candace Burroughs , share their retention-boosting recruiting, interviewing, and onboarding best practices specifically for the debt collection industry.

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Collections Collection Agencies Collections Agency 52

Sawin & Shea

APRIL 27, 2021

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. Debt counseling (also called credit counseling) is required before you can declare bankruptcy. There is a pre-filing counseling and pre-discharge counseling.

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Bankruptcy Chapter 13 bankruptcy Education Debt Management 98

UK debt collections

APRIL 29, 2021

Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME’s over the past 12 months totals a shocking average of £130,445.05. Whilst late payment continues, this will only serve to hinder Small Business recovery in the second half of this year. The latest findings are according to survey data from Dun & Bradstreet.

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Debt Recovery Government Trade 83

Account Recovery

APRIL 30, 2021

The Federal Trade Commission has reached a $20 million settlement with a company accused of violating the Fair Credit Reporting Act by improperly obtaining individuals’ credit reports and the FTC’s Red Flags Rule for failing to implement an identity theft program. The company, Vivint Smart Homes, will pay a $15 million civil penalty and $5 … The post FTC Fines Company $20M For FCRA Violations appeared first on AccountsRecovery.net.

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Trade 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

APRIL 30, 2021

Collecting past due debts from your customers and clients is an unfortunate part of the accounts receivable process. It's 'unfortunate' because not every customer will pay on time but it doesn't have to be contentious or ugly. Your client will be aware of what they owe, when they owe and how to pay via your contract agreement. But even beyond that, there are steps you can take to ensure payment from your collections efforts.

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Collections 130

Nerd Wallet

APRIL 26, 2021

The average loan debt for a bachelor’s degree among the class of 2019 was $28,950, according to the most recent data available from The Institute for College Access & Success. The amount of debt you take on for college will depend on a variety of factors. The most important factors to consider are where you. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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Student loans Student Loans Loans 139

Account Recovery

APRIL 30, 2021

A District Court judge in Washington has partially granted a defendant’s motion for summary judgment while denying a plaintiff’s motion for the same ruling in a Fair Debt Collection Practices Act case in which the defendant attempted to collect a debt from the plaintiff, who claims not to have incurred the debt in question. A … The post Judge Partially Grants MSJ for Defendant Accused of Attempting to Collect From Wrong Person appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Judgment 246

Jimerson Firm

APRIL 28, 2021

In 2018, the Florida Legislature amended section 718.113 of the Florida Statutes to include a provision requiring that condominium associations allow unit owners to install electric charging stations in limited common element parking areas assigned to each unit owner. The statute does not apply to common element parking spaces. What’s the Difference?

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Government 105

Roths Child Law

APRIL 30, 2021

Debt can quickly mount if you don't aggressively address it early on. Many consumers who find themselves unable to pay their bills look to different debt relief options to gain a fresh financial start, including bankruptcy. Chapter 7 bankruptcy can provide you with that clean financial slate that you're looking for where you can wipe away most of your debts.

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Chapter 7 bankruptcy Bankruptcy Repossession Collateral 98

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Nerd Wallet

APRIL 30, 2021

I get it. It’s easy to shop on Amazon. Running low on toilet paper? Need lightbulbs? Want a bath caddy on a whim? With two clicks and even less thought, the item you need/want/desire is at your doorstep, often in 48 hours or less. Shopping locally requires more thought. Supporting small businesses is an intentional. Kelsey Sheehy writes for NerdWallet.

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Account Recovery

APRIL 29, 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 Amy Stratz of FB

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Accounts Receivables Management 246

Dear Debt

APRIL 29, 2021

Hey debt fighters! I wanted to let you know about some upcoming FREE and low-cost events that I thought you might be into. And before we get started, I want… Related Posts: Come to My Money Party Tonight. Free Debt Workshop Tomorrow. Resources for Taking Care of Your Mental Health and Wealth. My New Podcast the Mental Health and Wealth Show Is Here.

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Jimerson Firm

APRIL 29, 2021

As a subcontractor, payment for your work is critical. If a subcontractor is not getting paid on a construction project, there are some important things to consider, including whether the general contractor has grounds to withhold payment, whether the subcontractor can stop the work, and how a subcontractor can best ensure payment from the general contractor.

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Mechanic’s Liens Construction Foreclosure Government 98

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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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Nerd Wallet

APRIL 30, 2021

Anyone who hasn’t been a business owner may romanticize the idea of “being an entrepreneur.” It’s easy to picture glamorous CEOs who have it all together and take home large salaries. But if you have been an entrepreneur, you know the life of a business owner is rarely that simple, especially when it comes to a small. Meredith Wood writes for NerdWallet.

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Account Recovery

APRIL 29, 2021

There appears to be a racial component to consumer complaints filed with the Consumer Financial Protection Bureau, according to data released yesterday by the regulator, including complaints related to debt collection. Overall, consumers living in counties with the highest percentage of minority populations submitted four times as many complaints as those living in counties with … The post CFPB Publishes County-by-County Breakdown of Consumer Complaints appeared first on AccountsRecovery.n

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Collections 246

Consumer Finance

APRIL 27, 2021

Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022.

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Fraser

APRIL 30, 2021

On April 19, 2021, the Michigan Department of Treasury issued a notice (the “Notice”) announcing Michigan’s conformity to the federal income tax treatment of loans (“PPP Loans”) issued under the Paycheck Protection Program. The Notice also sets forth additional guidance for individual and corporate taxpayers regarding various income tax issues raised by the federal loan program.

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Loans Government 86

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

APRIL 26, 2021

Congress has appropriated more than $46 billion in emergency assistance to help cover back rent and utilities owed by struggling renters. But getting a share of that money isn’t automatic or guaranteed. Not everyone who’s behind on their rent qualifies for help. In addition, some states and cities require more paperwork than others, which can. Liz Weston writes for NerdWallet.

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Account Recovery

APRIL 28, 2021

DEFENDANT IN HUNSTEIN CASE HIRES NEW LAWYER, WHO CONFIRMS EN BANC PETITION WILL BE FILED The defendant in the Hunstein case out of the Eleventh Circuit Court of Appeals has hired a new lawyer, who confirmed that the company will be filing a petition with the Court for an en banc rehearing of the case. … The post Daily Digest – April 28. Defendant in Hunstein Case Hires New Lawyer; Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case appeared first on AccountsR

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Lawyers 246

Consumer Finance

APRIL 26, 2021

Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022.

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Credit Corp

APRIL 29, 2021

This article originally appeared on Parent Portfolio and has been republished with permission. You don’t have to be a millionaire to start building wealth for your children. Instead, there are a couple of ways you can increase your assets and net worth to pass down to the next generation. Whether you call it family wealth or family money, setting financial goals is essential for leaving a legacy.

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Student loans Student Loans Loans Education 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

APRIL 26, 2021

Could you afford to replace your entire wardrobe if your apartment caught fire? What about your phone, your laptop and all your furniture? If the answer is no, you probably need renters insurance. “Renters insurance can’t stop awful things from occurring, but it can make life a little easier if and when they do occur,”. Sarah Schlichter writes for NerdWallet.

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Account Recovery

APRIL 28, 2021

The American Civil Liberties Union of Washington has filed a class-action lawsuit against Pierce County, Washington, accusing it of violating the constitutional rights of individuals by using private collection agencies to recover unpaid court debts. The suit, filed in Washington state court, was filed on behalf of a 56-year-old man who was in jail when … The post ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency appeared first on AccountsRecovery.net

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Collection Agencies Collections Agency Collections 246

Consumer Finance

APRIL 26, 2021

Today Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio issued the following statement in response to unauthorized withdrawals made by a mortgage servicer, Mr. Cooper.

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UK debt collections

APRIL 28, 2021

Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients and make payments to themselves despite the company being insolvent. Independent Derivative Traders Ltd traded as Futex. They provided access to a financial markets trading platform for sub contracted independent traders in the UK.

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Trade Bankruptcy Creditors Government 72

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