Account Recovery
SEPTEMBER 3, 2021
Muriel Bowser, the Mayor of Washington, D.C., has signed into law a bill that overhauls how debts can be collected in the nation’s capital for 225 days starting later this month, while the authors of the legislation work on permanent changes. This information was first reported by ACA International. A copy of the law is … The post D.C. Mayor Signs Collection Bill Into Law appeared first on AccountsRecovery.net.
Enterprise Recovery
AUGUST 30, 2021
When your customer accounts become delinquent, they may have a number of reasons for not paying on time. Some of these excuses may be perfectly reasonable and others, not so much. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Here's how to respond to delinquent customer excuses for late payments.
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Nerd Wallet
SEPTEMBER 2, 2021
Every few days, my 8-year-old son, Neal, asks if he can “earn something” on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment. While I usually decline these requests, his persistence made me wonder. Kimberly Palmer writes for NerdWallet.
Prosperity Now
AUGUST 30, 2021
Congress, the American public, and even national news outlets continue to uplift the powerful impact that the expanded Child Tax
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.
Account Recovery
SEPTEMBER 1, 2021
The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry. Resurgent Capital Services has agreed to pay a fine of $2,500 without … The post Conn.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
AUGUST 30, 2021
Checking account fees, minimal savings rates, impersonal customer support. The reasons you might choose to leave a big national bank vary, but where you go next might be a harder decision. Many of the biggest U.S. banks share many of the same benefits, including large networks of bank-owned branches and ATMs and robust mobile apps. Spencer Tierney writes for NerdWallet.
Jimerson Firm
SEPTEMBER 1, 2021
In preparing to protect your business from a ransomware attack, who is the best person to consult? A CEO and expert from a leading information technology company? A cyber insurance specialist who understands ransomware coverages for businesses? An investigator from the Florida Bureau of Criminal Investigations and Intelligence who investigates all reported ransomware crimes in North Florida?
Account Recovery
AUGUST 31, 2021
Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals. What happens when a creditor wants to make an offer as a means of trying to get an individual to repay a debt? … A … The post Judge Grants MTD Over Offer of More Credit in Collection Letter appeared first on AccountsRecovery.net.
Burr Forman
AUGUST 31, 2021
The U.S. District Court for the Middle District of Alabama joined a growing number of courts dismissing FCRA claims based upon a furnisher’s alleged failure to remove an “account in dispute” notation from consumer credit reports. In Griffin v. Experian Information Solutions, Inc. , No. 1:20-cv-801-RAH-SMD, 2021 WL 3782141 (M.D. Ala. Aug. 26, 2021), the plaintiff had four accounts that were marked as “in dispute.
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.
Nerd Wallet
SEPTEMBER 1, 2021
Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. Deal with immediate needs first First things first: Contact the. NerdWallet writes for NerdWallet.
Credit Corp
SEPTEMBER 1, 2021
In 2014, the Consumer Financial Protection Bureau (CFPB) warned consumers about the dangers of Bitcoin (BTC). According to the CFPB, Bitcoin users were liable to encounter “unclear costs, volatile exchange rates, the threat of hacking and scams.” Refunds were also hard to obtain. So, have things improved since then? In short, not really. Bitcoin is still volatile, and it’s still not backed by any government or central bank, so it remains a risky way to invest.
Account Recovery
AUGUST 30, 2021
JUDGE DENIES MOTION TO COMPEL ARBITRATION OVER HOW ‘RECEIVABLE’ AND ‘ACCOUNT’ ARE DEFINED Synonyms and semantics can be deadly when in the hands of a federal judge. A defendant is learning that lesson the hard way after a District Court judge in New Jersey denied a defendant’s motion to compel arbitration in a Fair Debt … The post Daily Digest – August 30.
Consumer Finance
AUGUST 31, 2021
The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.
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Nerd Wallet
SEPTEMBER 1, 2021
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Women are paid less than men and are more likely to leave the workforce to take care of loved ones, both of which negatively impact the amount of money they.
True Accord
SEPTEMBER 2, 2021
Ensuring regulatory compliance in debt collection is a high stakes and increasingly complex process. As we know, the industry is constantly evolving and collections strategies must adapt. At the end of July, the Consumer Financial Protection Bureau (CFPB) announced that the final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on November 30.
Account Recovery
SEPTEMBER 2, 2021
The California legislature has approved SB 531, a measure that will require collectors to have proof they have authority to collect a debt prior to doing so, and gives consumers the right to request that proof and other basic information about the debt. The bill now heads to the desk of California Gov. Gavin Newsom … The post California Legislature Passes Debt Collection Assignment Notification Bill appeared first on AccountsRecovery.net.
Credit Corp
AUGUST 29, 2021
This article originally appeared on The Financially Independent Millennial and was republished with permission. In the US, REIT stands for Real Estate Investment Trusts. The real estate industry is booming, which is great news for real estate investment trusts as they grow further. Anyone seeking a career opportunity with a REIT company can enjoy hearing the news that there are plenty of jobs available.
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.
Nerd Wallet
SEPTEMBER 2, 2021
Are you the proud parent of a pandemic puppy or a quarantine kitty? Or maybe you’re a long-time pet owner. Taking your pet along on vacation will not only avoid pricey pet boarding, but can also ensure you don’t miss a day with your furry friend. But there’s a hard truth to swallow when traveling. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
UK debt collections
SEPTEMBER 2, 2021
A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. Contracting out your debt collection affairs to a French third-party Agency will reinforce your chances at recovering your unpaid by limiting the potential for miscommunic
Account Recovery
SEPTEMBER 2, 2021
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 Michael Zomcik o
CICM
SEPTEMBER 3, 2021
Some of the changes in the pandemic for credit management and enforcement were temporary and have started to fall away, but others remain, making the enforcement landscape indelibly altered. The first lockdown saw a moratorium on all residential judgment enforcement and landlord action. When enforcement restarted in August 2020, the Government, Public Health England and the High Court Enforcement Officers Association (HCEOA), placed additional requirements, as part of the return to enforcement s
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?
Nerd Wallet
AUGUST 30, 2021
The last 18 months can understandably make it seem like now is a terrible time to start a business. But for some entrepreneurs, the steps for starting a business are still the same — it’s just the rules that have changed. Two small-business pros explain how COVID-19 has rewritten four basic tenets of starting a. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.
Credit Corp
AUGUST 31, 2021
Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. But how long can someone chase you for money you might owe? Can a debt collector collect after 10 years, for example?
Account Recovery
SEPTEMBER 2, 2021
GETTING TO KNOW MICHAEL ZOMCIK OF RENT RECOVERY SOLUTIONS Michael Zomcik is one of those rare finds that you don’t often see out in the wild of the accounts receivable management industry — a newbie. Six months into his stint in the ARM industry, Michael is busy trying to soak up as much knowledge as … The post Daily Digest – September 2.
Consumer Finance
AUGUST 31, 2021
Acting Director Dave Uejio remarks at the press call on the small business lending proposed rule.
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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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