Sat.Oct 23, 2021 - Fri.Oct 29, 2021

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N.J. Judge Grants MTD in FDCPA Case Even Though Letter Lacked ‘Clarity’

Account Recovery

While noting that several instances of a collection letter lacked clarity, a District Court judge in New Jersey nonetheless granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that even a least sophisticated consumer would be able to ascertain the identity of the original creditor and that disputes needed to … The post N.J.

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In Small Business, Teamwork Really Does Make the Dream Work

Enterprise Recovery

When entrepreneurs are growing a business, they may often use the phrase "wears many hats." Employees are often taking on many different tasks to remain agile on the path to profitability. As more employees are hired for specific duties, small teams develop. While these teams focus on the demands of their responsibilities, success is found when they continue to work together.

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Is your business making these 4 cash flow mistakes?

American Profit Recovery

Cash flow is king when it comes to sustaining your business long-term. And it doesn’t matter if you are running a small business or a nationwide organization, cash flow is the backbone of any size company. If you’re not paying close attention to the status of your cash flow, you could find your business with a financial challenge very quickly.

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How Crypto Staking Works

Nerd Wallet

You’ve probably heard of people making money by trading cryptocurrencies. But there’s a different way to grow your crypto holdings without having to buy more. The practice, called “staking,” is a way of using certain cryptocurrencies to help verify transactions on a blockchain network. Investors who participate in staking can earn yields exceeding what’s available.

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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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Bedard Finishes Analysis of Model Validation Notice’s Optional Disclosures

Account Recovery

In the latest episode of “You Wanted a Rule, You Got a Rule,” John Bedard of Bedard Law Group finishes walking through his analysis and breakdown of the eight optional disclosures that collectors are allowed to include on their copies of the Model Validation Notice and still enjoy the safe harbors provided to them under … The post Bedard Finishes Analysis of Model Validation Notice’s Optional Disclosures appeared first on AccountsRecovery.net.

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Staffing Shortages, Pandemic … How do you succeed?

Receivables Control

One of the most significant problems facing companies right now is staffing shortages. The ramifications of staffing shortages is seen in every industry across the economy. In our personal lives, we see the disruption every day in the retail sector when we encounter shortened hours, bare shelves, simplified menus, etc. In our professional lives, we see that companies are having a challenging time with their supply chains, causing further disturbances throughout the economy.

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Scary Money Tasks to Tackle Now

Nerd Wallet

There are some things no one wants to think about until they have to, like caregiving for your parents as they age and figuring out what happens to your finances when you die. But planning for these events now can spare you and your loved ones a lot of hassle later on. The first step. Amrita Jayakumar writes for NerdWallet. Email: ajayakumar@nerdwallet.com.

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Daily Digest – October 26. Judge Denies Defendant’s Motion in FDCPA BK Case; Creditor Fined $10k For Collecting Debts in Different Name

Account Recovery

JUDGE DENIES DEFENDANT’S MOTION IN FDCPA BANKRUPTCY CASE A District Court judge in Florida has denied a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case for allegedly disregarded cease-and-desist letters sent by an individual after receiving text messages and collection letters from the defendant while the individual had … The post Daily Digest – October 26.

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Are Confidentiality Agreements or Other Restrictive Covenants Enforceable in Florida Real Estate Transactions?

Jimerson Firm

It is a common question whether certain restrictive covenants, such as confidentiality agreements, are enforceable in Florida. A restrictive covenant is a contractual agreement or provision designed to protect a party’s business interests and restricts what a party is allowed to do after the agreement is executed. See Proudfoot Consulting Co. v. Gordon , 576 F.3d 1223 (11th Cir. 2009).

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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 for Religious Objections to COVID-19 Vaccine Mandates

Burr Forman

On October 25, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance regarding religious objections to workplace COVID-19 vaccination requirements. The new guidance is included in the EEOC’s larger guidance document, What You Should Know About COVID-19 and the ADA, Rehabilitation Act, and Other EEO Laws. These questions and answers collect and expand upon pre-pandemic guidance to help employers navigate issues related to COVID-19 vaccination and the interaction with fede

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Airline Point Transfers and Partner Award Bookings Tool

Nerd Wallet

You might have a bunch of frequent flyer miles for a specific airline, but often those miles are actually more valuable when redeemed for flights on other airlines, known as a partner award booking. Or, you might have a lot of generic travel points from big banks like American Express or Chase. While you can. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Getting to Know Jim Beck of MRS BPO

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 Jim Beck of MRS

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Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Debt is becoming an increasingly serious problem for Indiana residents as well as the rest of the United States. According to surveys conducted by QuoteWizard , almost 80 million Americans have a notable amount of medical debt and 12% of Americans’ income are spent on medical costs. Additionally, around 15% of Americans owe money for medical bills upwards of $10,000.

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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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Returning Citizens Need Better Housing Options – Here’s How They Can Get Them

Prosperity Now

Housing security is the key to building financial stability, acquiring wealth and connecting with the community, but returning citizens face

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The Best Travel Plan for This Holiday Season Is a Backup Plan

Nerd Wallet

It’s not even the busiest time of year for travel yet, and 2021 has already been chaotic — even for the most seasoned travelers. Among the 2021 travel fiascos: Spirit Airlines underwent an operational meltdown, with 2,800 flights canceled between July 30 and Aug. 9 due to a combination of bad weather, staffing shortages and. Sally French writes for NerdWallet.

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Biden Names Rosenworcel to Top FCC Post; Nominates Sohn as Commissioner

Account Recovery

President Joe Biden yesterday nominated Jessica Rosenworcel to be the next Chair of the Federal Communication Commission and Gigi Sohn to be a Commissioner at the regulator, rounding out the leadership of that agency and all the agencies that oversee portions of the accounts receivable management industry. Rosenworcel has been Acting Chair following the resignation … The post Biden Names Rosenworcel to Top FCC Post; Nominates Sohn as Commissioner appeared first on AccountsRecovery.net.

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Breaking Down Regulation F’s Debt Validation Notice

PDC Flow

Legal professionals for the ARM industry, like Leslie Bender and Joann Needleman of Clark Hill Law , have been addressing Regulation F implementation challenges since the rule was proposed. Since then, they have continued to be a guiding voice for debt collectors throughout the rulemaking process. Recently, they sat down with PDCflow’s Sales & Marketing Manager Dawn Updike to discuss one of the most asked about portions of the rule – the Validation Notice.

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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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Does Checking Your Credit Score Lower It?

Better Credit Blog

The answer is yes and no. Lenders and credit card issuers carry out two types of checks on your credit. The first, a soft credit check, doesn’t impact your credit score at all. The second, a hard check, knocks a few points off your score every time. We’re going to walk you through soft and hard credit checks and what they mean for your credit score.

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The Property Line: As Home Values Soar, Brace for Tax Impact

Nerd Wallet

You’re a typical homeowner: You fret over mysterious noises behind walls, savor the yard’s smell after a storm, and giddily track your home’s fast-rising value. That buoyant emotion might yield to a sinking feeling later, when you receive a property tax bill. As the home’s value skyrockets, the amount you pay in property tax is. Holden Lewis writes for NerdWallet.

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Daily Digest – October 27. Bedard Breaks Down MVN’s Optional Disclosures; Judge Grants MTD in FDCPA Case

Account Recovery

BEDARD FINISHES ANALYSIS OF MODEL VALIDATION NOTICE’S OPTIONAL DISCLOSURES In the latest episode of “You Wanted a Rule, You Got a Rule,” John Bedard of Bedard Law Group finishes walking through his analysis and breakdown of the eight optional disclosures that collectors are allowed to include on their copies of the Model Validation Notice and … The post Daily Digest – October 27.

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TrueAccord Names Kelly Knepper-Stephens as Chief Compliance Officer and General Counsel

True Accord

Lenexa, KS – Oct. 27, 2021 – TrueAccord Corporation, a debt collection company offering AI-powered digital recovery solutions, is proud to announce the appointment of Kelly Knepper-Stephens as chief compliance officer and general counsel. TrueAccord started in 2013 as a digital-first collection agency built to fundamentally change collections into a recovery and reconciliation process.

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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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CFPB orders tech giants to turn over information on their payment systems

Public Citizen

The Consumer Financial Protection Bureau has ordered Amazon, Apple, Facebook, Google, PayPal, and Square to turn over information on their payment system plans. The orders look like this. The agency's press release begins this way: Today, the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States.

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Why a Home Warranty May Not Give You the Fix You Crave

Nerd Wallet

It’s every homeowner’s nightmare — something is broken, and it’s going to cost a lot of money to fix or replace it. Unfortunately, no matter how well you take care of your home, sooner or later, an appliance or major system is bound to croak. Some homeowners plan for this by purchasing a home warranty, Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com.

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Eleventh Circuit Issues New Ruling, But With Same Conclusion, in Hunstein Case

Account Recovery

The original panel from the Court of Appeals for the Eleventh Circuit that ruled in the Hunstein case issued a new opinion this morning, vacating its earlier decision, but still ending up in the same place that the plaintiff had standing to sue, even in the wake of the Supreme Court’s ruling in TransUnion v. … The post Eleventh Circuit Issues New Ruling, But With Same Conclusion, in Hunstein Case appeared first on AccountsRecovery.net.

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The Importance of Domestic Violence Awareness Month

Prosperity Now

Since 1987, October has been observed nationally as Domestic Violence Awareness Month.

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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.