Sat.Aug 14, 2021 - Fri.Aug 20, 2021

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Veteran Compliance Professional Ginny Rodriguez Joins Plaza Services as Chief Compliance Officer

Account Recovery

Plaza Services, LLC, a nationally licensed, professional accounts receivable portfolio investment firm located in Atlanta, GA, is pleased to announce the addition of Ginny Rodriguez as Chief Compliance Officer. Ms. Rodriguez has nearly 20 years of experience in the collections industry. She is an RMAI Certified Receivables Compliance Professional and accomplished in staff development, contract … The post Veteran Compliance Professional Ginny Rodriguez Joins Plaza Services as Chief Complian

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Why are B2B Payments So Hard to Collect?

Enterprise Recovery

The last thing a business owner wants to think about is why their clients or customers aren't paying. It should be a straightforward process - you do the work or supply the goods and they pay their bills. With a little examination of your payment process, you might be able to determine the problem with those slow or late payments. If B2B payments are too hard to collect, ask yourself these questions.

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Why a Car Rental Change Was Almost a $1,700 Mistake

Nerd Wallet

If you decide to extend your next trip by a couple of days — or even a couple of hours — and that trip involves a rental car, be careful. Rental cars are in short supply, and because of that, rental car prices have skyrocketed. In some cases, even a limo is cheaper. And in. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia.

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184 Burr & Forman Attorneys Named Among the 2022 Best Lawyers in America

Burr Forman

Birmingham, Alabama, August 19, 2021 – Burr & Forman LLP announces the inclusion of 184 of its attorneys among the Best Lawyers in America for 2022. One of the oldest and most distinguished legal directories, Best Lawyers conducts peer-review surveys to compile its annual list of top attorneys in a number of practice areas. The 2022 edition of the publication is available today at www.bestlawyers.com.

Lawyers 105
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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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Fewer Consumers Missing Credit Payments: FICO

Account Recovery

To the likely surprise of nobody in the accounts receivable management industry, fewer consumers are missing their debt payments than ever before, consumers are carrying less debt, and there are fewer consumers actively seeking to borrow money, which all contributed to the average credit score among consumers in the United States setting a record high. … The post Fewer Consumers Missing Credit Payments: FICO appeared first on AccountsRecovery.net.

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$20K or More to Expand Your Family? How to Pay for Adoption

Nerd Wallet

Sarah Bailey’s adoption experience began in 2013 when she connected with an adoption placement agency and paid fees for a parental class and to advertise to birth mothers for one year. In 2014, and still without a successful adoption, Bailey began paying a monthly $340 advertising fee each time an adoption fell through. “I didn’t. Chanell Alexander writes for NerdWallet.

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Burr & Forman Grows Jacksonville Office with Addition of Former City General Counsel Jason Gabriel

Burr Forman

JACKSONVILLE, FLA. – AUGUST 16, 2021 – Burr & Forman LLP announces the addition of Jason R. Gabriel as a partner in the firm’s Jacksonville office. Gabriel joins the firm’s land use and real estate practice group after 11 years at the City of Jacksonville, serving as General Counsel to the entire consolidated City government for the past 7 years.

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Arizona Group Pushing For Medical Debt Collection Law

Account Recovery

After watching medical debt collection laws pass in a number of states this year, including Nevada and Maryland, the accounts receivable management industry might want to pay attention to what is now going on in Arizona, as a ballot initiative has been started to get a “Predatory Debt Collection Practices Act” passed in the state. … The post Arizona Group Pushing For Medical Debt Collection Law appeared first on AccountsRecovery.net.

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CFPB Takes Action Against Debt Collector for Failing to Investigate Reports of Identity Theft and Misrepresenting Consumers’ Debts

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) yesterday filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner. The CFPB alleges that Fair Collections & Outsourcing (FCO) violated federal law by failing to establish or implement reasonable written policies and procedures regarding the accuracy and integrity of the information it furnished to credit reporting agencies and failed to conduct reasonable investigations of indirect consumer disputes,

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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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How I Ditched Debt: Downsize the Home, Grow the Business

Nerd Wallet

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Karen and Sylvester Akpan Paid off: $201,060 in 18 months Karen Akpan lost her high-paying contract in clinical research in 2019. She and her husband, Sylvester, had no savings and made an estimated $50,000 gross. Laura McMullen writes for NerdWallet.

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Industry Experts reject ‘Insolvency tsunami’ claims

UK debt collections

Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists. Government support measures have allowed insolvency levels to remain stable amid the pandemic, but recent data shows significant surges as crisis-era support is withdrawn. According to statistics released by the Insolvency Service , June 2021 saw a 63 percent year-on-year increase, and Q1 FY21 saw a 31 percent uptick on the

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Former CFPB Staffers Land, Launch New Gigs

Account Recovery

A trio of former staffers from the Consumer Financial Protection Bureau have landed new gigs or announced their foray into public service. Here are summaries of each move. Former CFPB Attorney Running for Senate Seat in Ohio Morgan Harper, who spend three years working as a lawyer and advisor at the CFPB has announced her … The post Former CFPB Staffers Land, Launch New Gigs appeared first on AccountsRecovery.net.

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Mortgage refinance loans drove an increase in closed-end originations in 2020, new CFPB report finds

Consumer Finance

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantially between 2019 and 2020.

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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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How Does Life Insurance Work?

Nerd Wallet

Originally designed to help cover burial costs and care for widows and orphans, life insurance is now a flexible and powerful financial product. More than half of Americans have some sort of life insurance, according to insurance research organization LIMRA. Life insurance can be issued as either an individual or group policy. We’ll be looking. Andrew Marder writes for NerdWallet.

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The Pros & Cons of Rent-to-Own Home Deals

Credit Corp

Homeownership is a big deal and can take a lot of work to achieve. Depending on your situation, you may need to save up a large down payment, prove your creditworthiness and then find a home a lender agrees is in your price range. If that sounds like a lot of work, you might be considering a rent-to-own home. Sure, it might sound like a shortcut to homeownership, but there are reasons why rent-to-own is bad news.

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Daily Digest – August 20. Arizona Group Pushing for Medical Debt Collection Law; Fewer Consumers Missing Debt Payments

Account Recovery

ARIZONA GROUP PUSHING FOR MEDICAL DEBT COLLECTION LAW After watching medical debt collection laws pass in a number of states this year, including Nevada and Maryland, the accounts receivable management industry might want to pay attention to what is now going on in Arizona, as a ballot initiative has been started to get a “Predatory … The post Daily Digest – August 20.

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Florida Senate Bill 56: Changes to Florida’s Condominium Association and Homeowners’ Association Collections Procedures

Jimerson Firm

On July 1, 2021, Senate Bill 56 went into effect along with Senate Bill 630. While both bills affect the laws governing Florida condominium and homeowners’ associations, Senate Bill 56, specifically, changed the collection and notification procedures for these associations. This article provides an overview of how Senate Bill 56 affected the manner in which Florida condominium and homeowners’ associations collect overdue assessments, record claims of lien, and provide notice to unit owners.

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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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Angel Investing: What It Is and How to Start

Nerd Wallet

A creative new business idea caught your eye? Perhaps you can become an angel looking over it — an angel investor, that is. Not only will you provide support for a budding startup, but you can also get in on the ground floor of a company that you think has high growth potential. What is. Tiffany Lam-Balfour writes for NerdWallet. Email: tlambalfour@nerdwallet.com.

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Stay on Top of Your Credit Reports with Track It from ExtraCredit

Credit Corp

It’s no secret that you have a credit score. You might’ve even taken a peek at your credit score every now and again. But we’ve got some news for you—you have more than one score. In fact, you have dozens of credit scores. How can you keep track of them all? Here’s where you can start—sign up for ExtraCredit. When you do, you’ll get access to Track It , which will show you 28 of your FICO scores.

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Appeals Court Affirms Ruling for Plaintiff in FDCPA Case Over Call Placed 1 Day After C&D

Account Recovery

Invoking the bona fide error defense is not a get-out-of-jail-free card for a debt collector. The defense only works if the policies and procedures it is meant to protect are reasonable. The Tenth Circuit Court of Appeals has affirmed a lower court’s ruling in favor of a plaintiff who accused a collector of violating the … The post Appeals Court Affirms Ruling for Plaintiff in FDCPA Case Over Call Placed 1 Day After C&D appeared first on AccountsRecovery.net.

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Three Jimerson Birr Attorneys Named Among Best Lawyers in America for 2022

Jimerson Firm

Jacksonville, Fla. – August 19, 2021 – Jimerson Birr is pleased to announce that three of its attorneys, including managing partner Charles B. Jimerson, partner James O. “Joby” Birr, III, and special counsel Lynne C. Rhode were included in the 2022 edition of The Best Lawyers in America®. After receiving more than 10 million peer evaluations across 147 practice areas in the United States, only 5% of practicing lawyers were recognized in the 2022 edition, exemplifying the work of the most elite

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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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Foresters Life Insurance Review 2021

Nerd Wallet

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Katia Iervasi 3.0 NerdWallet rating FORESTERS FINANCIAL LIFE INSURANCERated 3 out of 5 stars by NerdWallet.Offers term, whole, universal and final expense policies, Katia Iervasi writes for NerdWallet.

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If you need to use bankruptcy, don’t feel guilty about it

Roths Child Law

There are a lot of reasons why people do not use bankruptcy, even when it is clearly the best option for them. Some of them think that it’s too complicated. Others worry about losing what they own. Still others are not sure they qualify. But one big reason is the stigma surrounding bankruptcy, which can cause people to feel guilty and/or feel as if they have failed.

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Collector, Plaintiff in $267M TCPA Case Notify Appeals Court of Settlement

Account Recovery

Thanks to Eric Troutman at TCPAWorld.com for noticing this first … A collector that appealed a $267 million ruling against it in a Telephone Consumer Protection Act case has notified the Ninth Circuit Court of Appeals that it has reached a settlement with the plaintiff. Details of the settlement were not disclosed in the filing … The post Collector, Plaintiff in $267M TCPA Case Notify Appeals Court of Settlement appeared first on AccountsRecovery.net.

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Avoiding and Defending Class Action Claims Under the Florida Security of Communications Act

Jimerson Firm

A new class action trend aimed at large companies has emerged in the United States. New York, California, and Florida have been the breeding grounds for these class action claims brought under each state’s “wiretapping” laws. More specifically, classes bringing these claims have accused companies of violating wiretapping laws by tracking user data on their websites using “session replay software.

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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.