Sat.Jan 09, 2021 - Fri.Jan 15, 2021

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Judge Grants MSJ For Defendant, Vacates Class Certification In FDCPA Creditor ID Case

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act class-action case, determining that the plaintiff lacked standing to sue because he took no action to clarify his confusion over whom he should pay after receiving a collection letter from the defendant. The judge … The post Judge Grants MSJ For Defendant, Vacates Class Certification In FDCPA Creditor ID Case appeared first on AccountsRecovery.net.

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B2B Debt Collections in 1.2.3

Enterprise Recovery

If you've agreed to contract with another business, you are providing valuable products and services that benefit their company's success. Likewise, their payment to your business is cash flow that keeps your company running smoothly. When your business fulfills its obligation but your client doesn't pay, it could sour the relationship and put your cash flow at risk.

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More Americans Are Saving Than Ever Before, Though in Unequal Amounts

Nerd Wallet

Families across the U.S. are financially diverse — and so is how they save. But across the board, more are saving now than ever before, whether it’s for emergency expenses or retirement. The recently released 2019 Survey of Consumer Finances from the Federal Reserve Board allows a 30-year look-back on family finances to see how. Elizabeth Renter writes for NerdWallet.

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Bankruptcy and Tax Refund Strategies

Sawin & Shea

As tax time approaches, it’s the perfect time to think about how you can make good financial decisions. For someone who’s pursuing Chapter 7 bankruptcy , this is especially important. Chapter 7 bankruptcies are liquidation bankruptcies, meaning non-exempt assets can be liquidated to pay your creditors back something. One of the most common assets that bankruptcy trustees seize is your tax refund.

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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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Beam Software Continues Annual Support of Hope 4 Communities and Tidewell Hospice

Account Recovery

This holiday season, Beam Software continues our support of South Florida neighbors through donations to Hope 4 Communities and Tidewell Hospice, two charitable organizations that provide essential services to our local community. Our team is proud of our long-standing partnerships and support of charitable organizations. Together, we’ve been able to create positive change in the … The post Beam Software Continues Annual Support of Hope 4 Communities and Tidewell Hospice appeared first on

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A Pandemic Shift in Finances: Simplifying and Saving

Nerd Wallet

The pandemic has caused many people to reassess their priorities. There is talk of moving out of the city, simplifying life and saving more money. “I’m not going to spend money like that anymore,” my millennial daughter told me recently, talking about past shopping sprees on handbags, jewelry, and yes, lattes. “Financial security is fun. Hal M. Bundrick, CFP writes for NerdWallet.

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4 Practical Ways to Leave College Debt-Free

Credit Corp

The following is a guest post by Lisa Bigelow, a content writer for Bold. When it comes to paying for college, the anxiety about how to leave college debt-free starts early. And for thousands of grads who are buckling under the weight of monthly student loan payments that can cost as much as a mortgage, that worry can last for as long as 25 years. According to EducationData.org and The College Board, the cost of a private school undergraduate education can exceed $200,000 over four years.

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EDCA Judge Grants MTD in FDCPA Service Fee Case

Account Recovery

A District Court judge in California has granted a defendant’s motion to dismiss a class-action lawsuit after it was sued for violating the Fair Debt Collection Practices Act when it was sued because the collection agency it placed a debt with sent a collection letter that indicated the plaintiff would have to pay a service … The post EDCA Judge Grants MTD in FDCPA Service Fee Case appeared first on AccountsRecovery.net.

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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 7: Expediting the Commercial Foreclosure Process Under Section 702.10, Florida Statutes

Jimerson Firm

The first half of this series evaluated options available to lenders prior to instituting a commercial foreclosure action. The second-half of this series has evaluated available options to lenders during the pendency of the foreclosure action. Since there are additional considerations for lenders dealing with lending to hotels, restaurants and others in the entertainment industry, obtaining fast relief is critical.

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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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Does Medicare Cover Home Health Care?

Nerd Wallet

Medicare generally covers home health care services, including home health aides and certain therapies. To qualify for coverage, though, you’ll have to meet certain requirements. And for some services, you’ll be responsible for part of the cost. Which home health care services are covered by Medicare? Eligible services covered through Original Medicare — which comprises.

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7 Solid New Year’s Credit Resolutions for a Happier 2021

Credit Corp

We’re not going to lie—2020 was a tough year for everyone. Between COVID-19 and pandemic-driven layoffs, we’re all ready to move on from last year. So, what are your new year’s credit resolutions for 2021? Do you want to improve your credit score , pay your bills on time or create a savings plan? If you haven’t thought of any financial resolutions yet, don’t worry.

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Plaza Services Supports Voices for Georgia’s Children This Holiday Season

Account Recovery

Plaza Services, LLC gives back to our local community this holiday season with a donation to Voices for Georgia’s Children, a nonprofit organization that helps to improve the well-being of children through support and advocacy efforts. Voices for Georgia’s Children (also known as Voices) is a nonprofit child policy and advocacy organization that envisions a … The post Plaza Services Supports Voices for Georgia’s Children This Holiday Season appeared first on AccountsRecovery.ne

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Hindsight is 2020: Seven Financial Services Trends We Took Away from Last Year

Fico Collections

To preface this post, my work focuses on digital financial services. I mention this as I’m not a doctor or scientist of any sort. I can’t cure COVID-19 (unless whiskey and wine are the cure). I’m immensely grateful for the scientists who have developed a vaccine and the healthcare professionals that are currently administering it. I’m optimistic that 2021 will go significantly better for all of us than 2020 did.

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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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Jump-Start Your Credit: Begin With a Free Credit Score

Nerd Wallet

Like many people who set money goals for 2021, you may have your eye on a better credit score. But it can feel like such a big job that it’s hard to know where to start. Try breaking it down into smaller tasks you can check off, one per week: Check your free credit score and. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com. Twitter: @BeverlyOShea.

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Important Tax Document Enclosed: 4 Tax Forms to Watch Your Mailbox For

Credit Corp

It’s the most wonderful time of the year—time to receive your tax documents! Ok, maybe it’s not the most wonderful time of the year, but it is an important time to keep an eye on your mailbox for documents marked “important tax return document enclosed.” The IRS requires many tax forms to be mailed by January 31, which means you will be receiving those documents in the coming weeks.

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Daily Digest – January 11. The Best $197 You Will Spend This Year; Judge Denies MTD in FDCPA Case Over Missing Reference in Letter

Account Recovery

THE BEST $197 YOU WILL SPEND THIS YEAR Since the pandemic started last March, one of the most frequent discussion topics that has come up is how can agencies stay connected with their collectors, many or most of whom are working from home. We miss the camaraderie, the shared experiences, and the opportunity to come … The post Daily Digest – January 11.

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Resources for Taking Care of Your Mental Health and Wealth

Dear Debt

What we’ve gone through this week with the siege of the U.S. Capitol is traumatic and unsettling. At times, I’ve felt my mind blurry, unable to write or think or… The post Resources for Taking Care of Your Mental Health and Wealth appeared first on DEAR DEBT.

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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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4 Financial ‘Experts’ Who Could Steer You Wrong

Nerd Wallet

None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so — nor are they required to put our interests ahead of theirs. Be cautious when accepting advice from the following sources. The dealership. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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In a Year Full of Loss, a Big Win for our VITA Field

Prosperity Now

In a year full of loss, our Volunteer Income Tax Assistance (VITA) advocates notched a big win: Congress funded VITA

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The Best $197 You Will Spend This Year

Account Recovery

Since the pandemic started last March, one of the most frequent discussion topics that has come up is how can agencies stay connected with their collectors, many or most of whom are working from home. We miss the camaraderie, the shared experiences, and the opportunity to come together to try and achieve a common goal. … The post The Best $197 You Will Spend This Year appeared first on AccountsRecovery.net.

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Consumer Financial Protection Bureau and National Credit Union Administration Sign Memorandum of Understanding

Consumer Finance

The Consumer Financial Protection Bureau and the National Credit Union Administration announced a Memorandum of Understanding agreement to improve coordination between the agencies related to the consumer protection supervision of credit unions over $10 billion dollars in assets.

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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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Losing Your Simple Account? Some Alternatives Worth a Look

Nerd Wallet

The Jan. 7 announcement that online banking service Simple would be shutting down led some customers to express dismay on social media over losing beloved app features. The closure means that sometime in the near future, Simple accounts will be transitioned to accounts at BBVA USA, the bank which held customer deposits behind the scenes. Chanelle Bessette writes for NerdWallet.

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Delaware Bankruptcy Court Issues Decision on Whether a Debtor Can Be a “Financial Participant”

PBWT

We have blogged previously about section 546(e) , the Bankruptcy Code’s safe harbor for certain transfers otherwise subject to avoidance as preferences or fraudulent transfers. See 11 U.S.C. § 546(e). Among the transfers protected by the section 546(e) safe harbor are transfers by or to a “financial participant” made “in connection with a securities contract.” Id.

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Bill Introduced in Colorado to Extend Moratorium on ‘Extraordinary’ Collection Actions

Account Recovery

The Colorado legislature kicked off its 2021 session yesterday and the second bill that was introduced in the state Senate was a measure to extend the moratorium on “extraordinary” collection actions in the state until June 1. A copy of the bill, which was introduced by state Senators Faith Winter and Julie Gonzales, and state … The post Bill Introduced in Colorado to Extend Moratorium on ‘Extraordinary’ Collection Actions appeared first on AccountsRecovery.net.

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Top 5 Scores Posts of 2020: Keeping Credit Flowing During Uncertain Times

Fico Collections

The COVID-19 pandemic cast a huge shadow on the financial services worldwide. The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. We hope that what readers learned helped instill confidence in keeping credit flowing during uncertain times.

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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.