Sat.Jun 05, 2021 - Fri.Jun 11, 2021

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Arrested Development: What Do Modern Law Firm Associates Want, Anyway?

NCBA Law Practice Management Blog

There’s a lot in flux around the legal industry of late. Work roles, places and preferences seem to be changing constantly. Yet, law firms continue to require associates to move business forward. Managing partners often think, in these instances, about what the law firm needs. But, even if in an employer’s market, it pays to consider what your associates ( and potential associates ) actually do want – especially if you want those associates to stick around for a while, along with all the capital

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4 Pillars of An Empathetic Communication Strategy in Healthcare Collections

PDC Flow

Since the beginning of the COVID-19 pandemic, “empathy” and “compassion” have been buzzwords in almost every industry. People are craving the human connection and understanding that comes with empathy, which is why now more than ever, understanding empathy and compassion is extremely important. Luckily, I’ve got you covered. For the past 15 years, I’ve studied neuroscience and conducted communication experiments in my debt collection agency to understand how empathy works and how to use it effec

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Why the credit team is a valuable line of defence against fraud

On Guard

Bad debt can have catastrophic consequences for any business, with different industries each having their own vulnerabilities. For example, for organisations that provide machinery, vehicles and other costly assets, the threat of these going missing is a serious concern. PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company.

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Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for a laundry list of alleged violations of the Fair Debt Collection Practices Act in a letter that was sent to the plaintiff while also declining a motion from the plaintiff to strike an affidavit and … The post Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter appeared first on AccountsRecovery.net.

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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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Excise Tax: The Ultimate Guide for Small Businesses

Nerd Wallet

This article has been reviewed by tax expert Erica Gellerman, CPA. An excise tax is a tax charged for items that are frequently seen either as socially harmful or as a luxury good or service. Luxury vehicles are subject to excise tax, as are alcohol, gas, airline tickets, indoor tanning and more. Excise tax is sometimes. Nina Godlewski writes for NerdWallet.

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One Million Children Should Not Be Left Out of the Child Tax Credit

Prosperity Now

The recent expansion of the Child Tax Credit (CTC) under the American Rescue Plan is meant to provide relief to

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Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline

Account Recovery

A District Court judge in Alabama has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Credit Reporting Act because it referenced a monthly payment amount on a tradeline that had been closed and where the balance was $0 when furnishing information to the credit reporting … The post Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline appeared first on AccountsRecovery.net.

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How Clean Is Your Hotel?

Nerd Wallet

In 2020, many vacationers turned to glamping, RVs and vacation rentals amid fears that hotels might not be the safest place to stay. After all, stepping into a shower that a stranger used yesterday may have already given germophobes the jitters — even before COVID-19 became the fastest-growing word in the lexicon. So, is it. Sally French writes for NerdWallet.

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The Worsening State of Mortgage Affordability in 2021

Credit Corp

In a Nutshell. According to a recent study by Point2 , new homeowners in over 51 of the 100 largest cities in the US are spending more than 30% of their income on mortgage payments. This goes against the common wisdom of financial advisors that says homeowners should avoid spending more than 28% of their gross income on their mortgage. In this post, we’ll discuss the findings and try to find out what it means for new homeowners in 2021.

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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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EEOC Issues New Guidance on Workplace Vaccine Policies

Fraser

On May 28, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding employment vaccination programs. As discussed below, the EEOC’s updated guidance provides additional information concerning key issues such as whether: Employers may mandate vaccines. An employee’s vaccination status is confidential medical information.

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Daily Digest – June 9. Collector to Pay $900k After Being Sued by Wash. AG; Judge Holds Debt Buyer Liable for Actions of Collector

Account Recovery

COLLECTOR TO PAY MORE THAN $900K IN RESTITUTION, FINES AFTER BEING SUED BY WASHINGTON AG The Attorney General of Washington yesterday announced an enforcement action against a collection agency for alleged unlawful debt collection practices, including assessing fees and costs to individuals without not collecting any money from them, operating without a license for more … The post Daily Digest – June 9.

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The 15 Best Franchise Opportunities of 2021

Nerd Wallet

If you’re looking for a new business venture, but don’t want to take on the difficult work of developing your own brand image and identity, a franchise opportunity might be the best fit for you. Since there’s already a strong corporate and management framework in place as well as guidelines around everything including marketing, merchandising, Sally Lauckner writes for NerdWallet.

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These Millionaires Reveal Their Top Money Secrets

Credit Corp

It’s common knowledge that millionaires handle their money differently than many, but what’s their secret? Does education have anything to do with it? Some say that you have to work hard, and others suggest saving every penny. But, which one is right for you? In this article, I interviewed these millionaires and asked them a very basic question: “As a millionaire, what is your number one money secret that could help others on their way to financial independence?

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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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Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at the request of the Insolvency service. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law.

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Spire Recovery Solutions Donates to Shriners Hospitals for Children

Account Recovery

Spire Recovery Solutions, a professional and nationally licensed full-service debt collection agency located in Lockport, New York, announces a $1500 donation to the Shriners Hospitals for Children. Shriners is a nationwide network of non-profit medical facilities that provides specialized pediatric care regardless of families’ ability to pay. “In these difficult times, we all have the … The post Spire Recovery Solutions Donates to Shriners Hospitals for Children appeared first on Accounts

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What Is Crypto Banking?

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. What is crypto banking? Let’s start with the “crypto” part. Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking.

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The Cost of Consumer Goods Is Rising: Find Out More

Credit Corp

The cost of consumer goods has risen and fallen over time—with the long-term trajectory for most items going up. That’s not a surprise to most people. You know the cost of bread or milk at the grocery store is more than it was when you were a kid. But how fast is the cost of consumer goods going up today, and what, exactly, is the consumer price index?

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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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Scam Debt Collection Agency Owner receives lengthy Jail sentence

UK debt collections

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with no intention of collecting what they were owed. Debt Collector Robert Thomas Cree from the North East of England was found guilty in Newcastle Crown Court of two counts of Fraudulent trading and one count of perverting the course of justice.

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Daily Digest – June 8. Maryland Healthcare Collection Bill Becomes Law; Judge Partially Grants MSJ in FDCPA Case

Account Recovery

MARYLAND HEALTHCARE COLLECTION BILL BECOMES LAW By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt … The post Daily Digest – June 8.

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Smart Money Podcast: Crypto Credit Cards and Short-Term Investing

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of credit cards that offer rewards in cryptocurrency. Then we pivot to this week’s question from a listener who emailed us asking: “ETFs or index funds: Which of the above is better for short-term investing?”. Liz Weston writes for NerdWallet.

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How to Build Business Credit for Real Estate

Credit Corp

Buying and selling real estate for commercial purposes can be an expensive endeavor. Many real estate investors typically have to start out using their own funds or personal credit to cover the cost of their new properties, even when they’re for generating income. This strategy works well for those who have the personal capital to make big purchases, but for those who don’t, it can be a roadblock for them.

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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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A New Partnership for HomeReserve, Expanding Financial Well-being for Youth

Prosperity Now

What would it be like for 18-year-olds to be on track to be homeowners by 21?

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Tenn. Court Offering Online Tool to Help Settle Medical Debt Disputes

Account Recovery

A pilot program is being offered in Tennessee aimed at reducing the number of medical debt collection lawsuits that are filed against individuals, by offering a free online medical debt resolution platform for healthcare providers and consumers to use to work out settlements before lawsuits are filed. The platform is even offering free access to … The post Tenn.

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What to Do If You Save Too Much for Retirement

Nerd Wallet

Many Americans don’t save enough for retirement, but it’s entirely possible to save too much — at least according to the IRS. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Uncle Sam doesn’t want you to leave the money in the account too long, either. Liz Weston writes for NerdWallet.

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19 Blue Chip Stocks for Incredibly Reliable Dividends

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. Generally, blue chip stocks are those of the highest quality, and many provide reliable dividends. Investors may be familiar with the term blue chip stock. This is because blue chips were traditionally the most valuable at a casino. And while investors should never associate the stock market with gambling, blue chip stocks refer to the best of the best.

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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.