Sat.Jun 18, 2022 - Fri.Jun 24, 2022

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Bill Introduced in House to Prohibit Cancellation and Forgiveness of Student Loans

Account Recovery

A bill has been introduced in the House of Representatives that, if enacted, would prohibit the federal government from cancelling or forgiving federal student loans because the government does not have the authority to do so and because it’s “unfair for taxpayers who paid student loans or did not attend college to pay for those … The post Bill Introduced in House to Prohibit Cancellation and Forgiveness of Student Loans appeared first on AccountsRecovery.net.

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We Can Work It Out: Standalone Task Management Software

NCBA Law Practice Management Blog

Smart law firms everywhere are adopting workflows, for a whole host of reasons: to promote efficiency, to reduce malpractice risk and to more effectively manage remote employees. It’s probably long overdue, honestly. But, as attorneys have embraced workflow management, some have discovered that their existing tools are lacking for the purpose. So, if your case management software or your productivity software isn’t packing the punch you hoped, in terms of task management, there are a lot of stan

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20 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 20 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Is your accounts receivable program ready for a new economy?

American Profit Recovery

Consumers as well as the business community have been through a lot during the two-plus years of dealing with the COVID-19 pandemic. Many businesses had to drastically alter the way they conducted business and many as you know all too well were forced to shut down completely temporarily. Consumers either lost their jobs, had their hours cut back depending on the industry they worked in, or decided to take on new careers.

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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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Five Ways for Freelancers to Save Money

Enterprise Recovery

With the federal reserve raising interest rates for the first time in nearly 30 years, economists are expecting a slow down in business growth. They've been talking about a recession for a few years now but then we were hit with a pandemic that shook up everything from the supply chain to the location of the workforce. If you are growing a freelance business, you're likely concerned about what to do if your own business slows down.

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Judge Grants Defendant’s Motion in FCRA Case Over Disputed Debt

Account Recovery

A District Court judge in Washington has granted a defendant’s motion for judgment on the pleadings in a Fair Credit Reporting Act case, even though the judge took the step of pointing out that the facts of the case were “disheartening,” ruling that a credit reporting agency could not be held responsible for reporting information … The post Judge Grants Defendant’s Motion in FCRA Case Over Disputed Debt appeared first on AccountsRecovery.net.

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What You Need to Know if You Are Retired and Filing for Bankruptcy

Sawin & Shea

Retirement is meant to be a time when you can finally relax and do the things you want without having to worry about earning an income and paying your bills. Unfortunately, with the cost of living and other expenses skyrocketing today, more and more retirees are finding it difficult to get by on their social security, pensions, and other retirement savings.

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7 Things Medicare Doesn’t Cover

Nerd Wallet

By the time you turn 65, you probably have a good feel for what health insurance does and doesn’t cover. But Medicare is a different beast — and there are some surprising things that don’t fall under Medicare’s umbrella. Medicare is the federal government’s health insurance coverage for people age 65 and older, and other. Kate Ashford writes for NerdWallet.

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CFPB Initiates Review of Credit Card Company Penalty Policies Costing Consumers $12 Billion Each Year

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees. In an Advance Notice of Proposed Rulemaking published today, the CFPB asks for information on the Federal Reserve Board of Governors’ 2010 immunity provision for excessive late fees that allows credit card companies to escape enforcement scrutiny.

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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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CFPB Publishes ANPR on Credit Card Late Fees

Account Recovery

The Consumer Financial Protection Bureau yesterday took its first step toward cracking down on credit card late fees, issuing an Advanced Notice of Proposed Rulemaking (ANPR) that seeks information on how effective the $12 billion that consumers pay in late fees every year are as a deterrent and how much they add to the credit … The post CFPB Publishes ANPR on Credit Card Late Fees appeared first on AccountsRecovery.net.

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Small Business Debt Recovery could boost SME cash flow as economy shrinks

UK debt collections

Small Business Debt Recovery is becoming more important to cash flow as a UK recession looms. Flash estimates of the UK economy’s performance in June showed Small Business optimism is at its lowest point since the out break of the pandemic. Post pandemic ‘orders’ are drying up and show a drop in order volumes across the board. A survey for June conducted by S&P and the Chartered Institute of Procurement said overall activity across service and manufacturing sectors hit a 15

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FIRE: Financial Independence, Retire Early

Nerd Wallet

Sitting at your desk daydreaming about bottomless mimosas and unlimited naps instead of working until retirement age in your mid-60s? It could be more than a daydream because of movements such as Financial Independence, Retire Early. Also known as FIRE, this financial movement is helping people globally achieve retirement quicker. What is Financial Independence, Retire.

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Amended Deposit Insurance Fund Restoration Plan and Notice of Proposed Rulemaking Regarding Revised Deposit Insurance Assessment Rates

Consumer Finance

CFPB Director and FDIC Board Member Rohit Chopra’s statement on the amended Deposit Insurance Fund restoration plan and notice of proposed rulemaking regarding revised deposit insurance assessment rates.

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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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Judge Rules for Defendant in FDCPA Case Over Dispute Response

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case, ruling that the plaintiff’s expectation for what he should have received when he disputed the debt was well beyond what the defendant had to provide under the statute and existing … The post Judge Rules for Defendant in FDCPA Case Over Dispute Response appeared first on AccountsRecovery.net.

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Mystery company fails to identify Twitter critic who used “its” photos

Public Citizen

by Paul Alan Levy. Judge Vincent Chabbria ruled that an anonymous Twitter user using the pseudonym “Mr. Money Bags” could not be identified pursuant to a DMCA subpoena, both because her display of copyrighted photographs to taunt a venture capitalist for allegedly spending money on the company of nubile young women was fair use, and because, in any event, applying the well-known Dendrite standard ,the Twitter user’s First Amendment right to speak anonymously outweighs the mysterious copyright ow

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4 Items for Your Midyear Money Checklist

Nerd Wallet

A lot can happen in six months. That’s why, as we close out the first half of the year, it makes sense to check in on your financial life. “With inflation, I think people this year are more heavily impacted than they probably have been in many years leading up to this point,” says Jason. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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International Business late payment rise predicted for Europe

UK debt collections

International Business late payment is expected to rise across Europe according to latest research. A survey conducted by Intrum AB of 11,000 European companies predicts that Businesses are expecting late payments to rise. The rise is expected due to rising inflation, fuel costs and interest rates. The 24th edition of the European Payment Report (EPR) clearly illustrates the multi-faceted challenges that businesses across Europe are facing. “ Europe is going through an eventful and challe

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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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Getting to Know Tonia Brown of ARM Compliance Business Solutions

Account Recovery

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 Tonia Brown of A

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NY Department of Financial Services Releases Guidance for US Dollar-Backed Stablecoins

Troutman Sanders

On June 8, the New York State Department of Financial Services (NYDFS) issued new “ Guidance on the Issuance of U.S. Dollar-Backed Stablecoins ,” establishing a first-of-its-kind state standards for USD-backed stablecoins issued by entities subject to regulation by the NYDFS. Informal policies have been in place since 2018, but NYDFS Superintendent Adrienne A.

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Payroll Loans: How to Use Them

Nerd Wallet

A payroll loan is a short-term financing option business owners can use to pay their employees. When there isn’t adequate cash to cover payroll costs, a payroll loan may be a solution that helps ensure your employees receive their paychecks on time. Payroll loans can cover costs such as salaries, hourly wages, commissions, bonuses, payroll. Lisa Anthony writes for NerdWallet.

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City of Detroit Faces Lawsuits Over Adult-Use Recreational Licenses

Fraser

Following the Detroit City Council’s vote on the revised ordinance to allow adult-use recreational cannabis sales, multiple medical marijuana companies have filed suit against the city over the licensing program. JARS Cannabis and House of Dank, two companies that own medical marijuana dispensaries licensed in Detroit, are suing the City of Detroit over the revised ordinance claiming that the new law would signal the end for existing medical marijuana facilities already in the area.

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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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Compliance Digest – June 20

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Debt Collection of Medical Judgments in New York to Become Further Limited By S6522A

FFGN COLLECT NY

Aside from judgments from family court, New York currently allows all judgment creditors the same opportunities to enforce their judgments. The remedies available differ based on whether the judgment is entered against a natural person, an individual, or a corporation. The nature of the debt alleged in the underlying action and the industry or profession of the judgment creditor has never been relevant to the ability and enforcement of a money judgment.

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Can You Get a Startup Loan With an EIN Only?

Nerd Wallet

Compared with well-established businesses, startup businesses often have a difficult time securing loans. A poor personal credit score on top of that can hurt a startup owner’s chances of being approved for funding. But startups with good or excellent business credit may be able to apply for loans using the business credit score attached to. Hillary Crawford writes for NerdWallet.

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Business insolvency rises but personal bankruptcy declines

UK debt collections

Business Insolvency continues to rise but in stark contrast, personal bankruptcy numbers dropped. The latest figures provided by the insolvency service made for interesting reading. Whilst personal bankruptcies dropped in comparison to the same period for last year, it was not the same for the business world. Business Insolvencies have risen dramatically, largely due to the drying up of Business support through the pandemic.

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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.