Credit Management Company
APRIL 6, 2021
Budgets are tight for both patients and healthcare organizations. For patients, pandemic-related job loss created financial instability. The latest figures released by the Bureau of Labor Statistics show the continued financial impact of the pandemic. As of the beginning of March 2021, the unemployment rate is at 6.2 percent and the number of unemployed individuals is at 10 million.
Account Recovery
APRIL 7, 2021
The Consumer Financial Protection Bureau today announced it is issuing a Notice of Proposed Rulemaking aimed at delaying the effective date of Regulation F, its debt collection rule, until January 29, 2022. The rule was scheduled to go into effect on November 30, 2021. The rule was issued in two parts, back in October and … The post CFPB Proposes Delay in Enactment of Debt Collection Rule appeared first on AccountsRecovery.net.
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Sawin & Shea
APRIL 6, 2021
Bankruptcy is a smart, legal, and effective way to wipe out a mountain of old debts. Yet, it still has a stigma that makes many people avoid it. There are many reasons why people resist bankruptcy, but some are based on fiction rather than facts. Maybe you’re avoiding bankruptcy merely because of a mistaken impression about it, so let’s clear things up.
Enterprise Recovery
APRIL 9, 2021
Over the course of 2020, businesses had to make adjustments to survive. For some, it was a matter of moving employees to remote work or pivoting to a new business strategy. For others, the effect of COVID-19 meant halting plans, shutting down, or laying off employees. Manufacturers were unable to move products due to global supply chain challenges and small-to-medium businesses faced delayed payments.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
American Profit Recovery
APRIL 9, 2021
The debt collection industry is a necessary component of the US economy. Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Without third-party assistance to secure back payments, many organizations would struggle on several levels. While many consumers are not thrilled to be on the receiving end of a communication for late payment, what is important to understand is that completing
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
APRIL 4, 2021
The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire.
Nerd Wallet
APRIL 8, 2021
If you itemize deductions on your income taxes, Medicare costs, such as premiums and copayments, may be deductible. Your unreimbursed medical and dental expenses, including premiums, deductibles, copayments and other Medicare expenses, may be deductible to the extent that they exceed 7.5% of your adjusted gross income. Premiums for Medicare Part B and Part D.
American Profit Recovery
APRIL 5, 2021
Every business wants to get paid faster. In fact, a business or medical practice NEEDS to get paid sooner. Late payments can do all types of damage to a business. It hurts cash flow, delays your own payments on bills, and costs you money in the long run. Late-paying customers can create untold amounts of stress on a business and can even cause those consumers to go elsewhere because they have not paid you.
Account Recovery
APRIL 9, 2021
The Wall Street Journal has called out a collector for filing more lawsuits during the pandemic than before, saying the firm has “cemented its reputation as a maverick” in the accounts receivable management industry, because most of the company’s competitors filed fewer lawsuits once the pandemic hit. The collector – Sherman Financial Group – filed … The post WSJ Calls Out Collector For Filing More Lawsuits During Pandemic appeared first on AccountsRecovery.ne
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Credit Corp
APRIL 8, 2021
This post originally appeared on Arrest Your Debt and has been republished with permission. Often, the word frugal is associated with negativity. Although a frugal life seems like a lot of sacrifices, it doesn’t have to be. Living a frugal life should add value to your life. So, What’s a Frugal Lifestyle? This is where you get deliberate with your spending habits.
Nerd Wallet
APRIL 9, 2021
Much like starting any business, learning how to start an ecommerce business isn’t always easy—nevertheless, the goal of setting up, launching, and maintaining sites where entrepreneurs, designers, and creators of all sorts can sell their wares is more attainable now than it ever has been. How to start an ecommerce business in 7 steps Research. Eric Goldschein writes for NerdWallet.
Fico Collections
APRIL 7, 2021
The economic and financial fall-out following the turbulence of the past 12 months has highlighted the critical need for agility, flexibility and adaptability in unprecedented times. This is particularly true for managing debt collection in the pandemic. It’s clear that being slow to react or tone-deaf to customers facing financial difficulty by delivering impersonal or threatening collections messages — while lacking the flexibility to find collaborative ways to solve your customers challenges
Account Recovery
APRIL 5, 2021
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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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Credit Corp
APRIL 9, 2021
This post originally appeared on The Financially Independent Millennial and has been republished with permission. Have you stumbled upon numerous methods of eliminating debt ? Perhaps you find yourself wondering how to get out of an out of control debt spiral. If so, the debt snowball method could be a simple way to pay down debt. While there are many ways to do this, the snowball method is one of the very best and easiest methods to implement.
Nerd Wallet
APRIL 5, 2021
My dog Maisie is an angel. The most vicious she gets is when she decides it’s time to attack her bacon ball. Her greatest foe is the doorbell. But just in case a human hand happens to get entangled with the bacon ball mid-chomp or her howls at the door scare someone off the steps. Doug Sibor writes for NerdWallet. Email: dsibor@nerdwallet.com. The article Why Your Dog Needs Liability Insurance Even if She’s Perfect originally appeared on NerdWallet.
Jimerson Firm
APRIL 5, 2021
When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Oftentimes, a building owner may simply accept the contract terms provided by the contractor, without realizing how critical the contract terms can be to the outcome of the project.
Account Recovery
APRIL 9, 2021
JUDGE PARTIALLY GRANTS MTD IN FDCPA CLASS-ACTION, CALLS OUT COLLECTORS FOR NOT BEING CLEAR ENOUGH IN LETTERS A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing … The post Daily Digest – April 9.
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.
Prosperity Now
APRIL 7, 2021
Leaders in Congress have signaled that now is the time to look beyond recovery toward large-scale progressive policies like the
Nerd Wallet
APRIL 8, 2021
You’re out to dinner with friends when the bill arrives. “Let me get that,” you say as you toss your metal credit card onto the table, where it lands with a satisfying thud. You’re not one of the plastic masses. You possess the elegance, confidence and possibly even the shoulder pads of one of those. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.
Credit Corp
APRIL 8, 2021
Utility bills are an inescapable part of modern life. Before COVID-19 , heating, cooling, lighting, cooking, electronic gadgets and other mod cons cost average American families $115 per month. Then people began working from home during the pandemic, their energy bills rose accordingly. So, how can you protect yourself from utility bill increases in an ever-shifting world?
Account Recovery
APRIL 9, 2021
A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing his displeasure at how collectors have induced “endless litigation” because of how they choose to word the … The post Judge Partially Grants MTD in FDCPA Class-Action, Calls Out Collectors For Not Being Clear Enough in Letters appeared first on AccountsR
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
Consumer Finance
APRIL 5, 2021
The Consumer Financial Protection Bureau (CFPB) today issued a consent order against a debt collector and its owner for harassing thousands of consumers, falsely threatening them with legal action. The CFPB found that Yorba Capital Management, LLC (Yorba) and its former owner, Daniel Portilla, Jr., violated the Consumer Financial Protection Act of 2010 (CFPA) and that Yorba violated the Fair Debt Collection Practices Act (FDCPA).
Nerd Wallet
APRIL 6, 2021
Robinhood, the stock-trading app that became a household name and media mainstay in 2020, is going public in 2021 after years of speculation. And adding to the buzz, the IPO is coming at a time when the company is confronting a convergence of record user growth, public outcry and regulatory scrutiny, which will likely assure. Chris Davis writes for NerdWallet.
Credit Corp
APRIL 7, 2021
Credit.com is offering a free 30-day trial of ExtraCredit. If you’re in the market for a financial tool that goes above and beyond traditional free credit monitoring, this might be the chance you’ve been waiting for. What Is ExtraCredit? ExtraCredit is the most comprehensive credit monitoring tool out there. Many credit monitoring tools make it possible for you to get a good look at your reports on the regular, and some may offer informational credit scores that update every week or
Account Recovery
APRIL 6, 2021
The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking (NPRM) that would prohibit mortgage servicers from starting foreclosure proceedings until 2022 while also providing servicers with the ability to offer streamlined loan modification options to homeowners who have been impacted by the COVID-19 pandemic. The NPRM follows a compliance bulletin that the … The post CFPB Issues NPRM Seeking to Halt Foreclosures Until 2022 appeared first on AccountsRecovery.
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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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