Sat.Jan 02, 2021 - Fri.Jan 08, 2021

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N.Y. Hospital Rescinds Collection Lawsuits After Report Cites ‘Flood’ of Litigation

Account Recovery

The largest hospital network in New York has decided to rescind lawsuits it filed against patients in 2020 and will pause any new filings after a report in The New York Times criticized the hospital network because it “plowed ahead” with a “flood of litigation” in the middle of the COVID-19 pandemic. Northwell Health had … The post N.Y.

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Top B2B Debt Collections Blogs and What to Expect in 2021

Enterprise Recovery

As we move into the new year and look back on 2020, we are able to get a clearer picture of what topics to cover in 2021. The mission of this blog is to inform our readers, whether they're our clients or not. It's important for us to help tech entrepreneurs, startup businesses, small businesses, freelancers, independent consultants, manufacturers and other business-to-business organizations build better relationships with their clients.

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9 Ways to Cut the Cost of Homeowners Insurance

Nerd Wallet

Home insurance rarely takes the spotlight, but if you’re a homeowner, it could be quietly costing you more money than it should. The good news is that insurers provide relatively easy-to-obtain incentives that can shave money off your homeowners insurance premium. Here are nine ways to save. 1. Raise your deductible A quick way to. Doug Sibor writes for NerdWallet.

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Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law Releases Its Report

Consumer Finance

On January 5, 2021, the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law released a report with recommendations on how to improve consumer protection in the financial marketplace.

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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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Unifund Partners with Cancer Family Care to Help Provide Families with Gifts this Holiday

Account Recovery

Unifund CCR Partners and Unifund CCR, LLC announces our partnership with Cancer Family Care and our participation in a virtual gift-giving opportunity that helped provide families with an extraordinary holiday season. As part of our ongoing commitment to being a powerful force for change and connecting the citizens of our communities with a more promising … The post Unifund Partners with Cancer Family Care to Help Provide Families with Gifts this Holiday appeared first on AccountsRecovery.

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5 Credit Card Trends to Watch for in 2021

Nerd Wallet

The COVID-19 pandemic forced credit card companies to make dramatic changes in 2020, some of which will continue into 2021. Many issuers tightened their underwriting, leaving consumers with fewer card options to choose from if they had less-than-good credit. Balance transfer cards all but disappeared, with some exceptions for those with excellent credit.

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The Do’s and Don’ts of Lis Pendens in Florida

Jimerson Firm

A lis pendens is a common tool used in Florida to put third parties on notice of a pending lawsuit against real estate. If filed properly, a lis pendens protects the plaintiff in a lawsuit from any intervening liens on the property filed after the lis pendens. However, property owners may not be able to sell, obtain financing, or obtain title insurance until the lis pendens is removed.

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Daily Digest – January 7. Getting to Know Kimberlie Cline; How to Develop Consistency in Your Training Program

Account Recovery

GETTING TO KNOW KIMBERLIE CLINE OF PRO COM SERVICES OF ILLINOIS Kimberlie Cline might have the best answer to describe a typical workday in the history of the “Getting to Know” series. But leave it to someone who has been working at collection agencies since junior high to be able to accurately describe what a … The post Daily Digest – January 7.

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1099-C: What You Need to Know about the Cancellation of Debt Tax Form

Credit Corp

From early January to mid-February, you might receive a number of tax documents in the mail. They can range from expected W-2s from your employer to forms about mortgage interest you paid. One form that many people don’t expect is the 1099-C. Discover why you would receive such a form and what the IRS expects you to do with it. Make sure to consult with your tax professional for your specific situation.

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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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Avoid These Vague Financial Resolutions in 2021

Nerd Wallet

As we close out 2020 and enter 2021, most of us are anxiously awaiting a happier year ahead. Traditionally, we mark the fresh calendar year with New Year’s resolutions to keep us hopeful and motivated — particularly when it comes to our finances. If all goes well, by this time next year, you’ll be posting. Courtney Jespersen writes for NerdWallet. Email: courtney@nerdwallet.com.

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Millennials Must Plan For Their Digital Legacy

Price Meese

Millennials Must Plan For Their Digital Legacy. Scenes of overwhelmed intensive care units again dominate our newsfeeds as the next wave of the coronavirus surges throughout the country. Although the initial distributions of the Pfizer and Moderna vaccines provide us with hope that the pandemic’s end is near, we must sadly continue the battle against COVID-19 well into 2021.

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Mary Shores: How to Develop Consistency in Your Training Program

Account Recovery

There was once a man who got married. The man, who loved golf, was approached by some of his in-laws and was asked if he would teach them how to play. His new family saw how much he loved playing golf and wanted to share in that with him. But the man told them he … The post Mary Shores: How to Develop Consistency in Your Training Program appeared first on AccountsRecovery.net.

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Millions of pounds going unpaid in rent arrears

UK debt collections

is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to new analysis by Citizens Advice. With a temporary ban on evictions due to expire this weekend, the news comes as the country enters another period of national lockdown. The new lockdown is causing further economic hardship the charity reports.

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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 to Nail a No-Spend Month

Nerd Wallet

Holiday spending always gets the best of me. The gifts, the food, the Christmas tree and decorations — sandwiched between two monthly rent payments — siphon money from my bank account. Every year I feel the sticker shock, briefly tuck my tail between my legs, then carry on like it never happened. But this year. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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New Licensing Requirements That Construction Contractors Need to Know About (The Occupational Freedom and Opportunity Act)

Jimerson Firm

On July 1, 2020, the Occupational Freedom and Opportunity Act (the “Act”) became law, which eliminated some barriers for construction contractors to become licensed in Florida. Particularly, the Act: (1) clarified that a passing result on a licensing examination does not expire; (2) eliminated the requirement for some applicants to take and pass all parts of the certification examination; (3) expanded the qualifications for an out-of-state licensed contractor to obtain a license in Florida; (4)

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Alliant Capital Management Gives Back Through Holiday Food Drive

Account Recovery

This holiday season, Alliant Capital Management is hosting a food drive for the St Luke’s Mission of Mercy Church to provide meals for the homeless in our community. Our generous team has been bringing in donations of non-perishable food items that will help provide holiday meals for neighbors in need. With a 49% increase in … The post Alliant Capital Management Gives Back Through Holiday Food Drive appeared first on AccountsRecovery.net.

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Brown & Joseph Welcomes Mike McClellan

Brown and Joseph

Brown & Joseph/Altus, the leading commercial collections company in the U.S., is pleased to announce that Mike McClellan has joined the team as Vice President… The post Brown & Joseph Welcomes Mike McClellan appeared first on Brown & Joseph, LLC.

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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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Start 2021 Off Strong With These Smart Money Moves

Nerd Wallet

After the train wreck that was 2020, you may well question whether it’s worth trying to plan anything. But knocking off a few financial tasks early in the year can better prepare you for whatever 2021 has in store. File your tax return ASAP Filing your tax return early typically means getting your refund sooner. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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Top 5 Debt Collection Posts for 2020: Pandemic Perspectives

Fico Collections

Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Fortunately, our bloggers stepped up with timely analyses of the challenges facing lenders in an era of payment holidays, furloughs and higher unemployment. They also offered perceptive tips for dealing with what they dubbed the “debt tsunami.”.

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States Sue Bank Regulator to Overturn ‘True Lender’ Rule

Account Recovery

A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as debt buyers, arguing that the … The post States Sue Bank Regulator to Overturn ‘True Lender’ Rule appeared first on AccountsRecovery.net.

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The 5 Best Debt Collection Conferences to Attend in 2021 | Arbeit

Arbeit Software

We’ve gathered detailed information on the top five virtual & in-person debt collection conferences you’ll find most beneficial to attend in 2021. Based on our past event experiences and knowledge we’ve gained in 2020, we believe these events will help you gain a competitive advantage in the accounts receivable industry. Notice (3/13/2020) : Due to the novel coronavirus (COVID-19) outbreak, many recent events and conferences have been cancelled, changed or rescheduled for the safety of poten

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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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Why the Amazon Prime Rewards Card is 2021’s Best Card for Staying at Home

Nerd Wallet

The COVID-19 pandemic has upended the way we work, shop and live. So when NerdWallet’s credit cards team began the process of choosing our Best-Of Awards for 2021, we decided we needed a new category — one that would allow us to consider and recognize credit cards that reward our new routines, from shopping online to getting. Kimberly Palmer writes for NerdWallet.

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Brown & Joseph/Altus and Paragon Merger Announcement

Brown and Joseph

Brown & Joseph / Altus and Paragon Asset Recovery Services Inc. (Paragon), leading providers of commercial accounts receivable services to the insurance industry, are proud to… The post Brown & Joseph/Altus and Paragon Merger Announcement appeared first on Brown & Joseph, LLC.

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Experts Weigh In: Will 2021 Be Better or Worse Than 2020

Account Recovery

To many, 2020 was a dumpster fire of unprecedented proportions. But to many in the ARM industry, 2020 was a pretty good year, all things considered. AccountsRecovery.net asked eight experts — Jack Brown, Jeff Freedman, Kelly Parsons-O’Brien, David Schultz, Jack Gordon, Christy Barger, Michael Lamm, and McKay Bird — will 2021 be better or worse … The post Experts Weigh In: Will 2021 Be Better or Worse Than 2020 appeared first on AccountsRecovery.net.

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2021 Minimum Wage Rates — Important State and Federal Changes

Fraser

Minimum wage laws are a mishmash of state and federal statutes and rules. Minimum wage rates and rules beginning in 2021 are an interesting reflection of this split of jurisdiction and federal rulemaking under the outgoing administration. This blog highlights some of the more impactful changes. State Of Michigan. The Michigan Minimum Wage Rate, currently $9.65 per hour, is consistently higher than the federal rate.

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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.