Collect More
NOVEMBER 14, 2022
“What is the absolute most you can pay today?” Our favourite question, bar none. If this nugget of gold isn’t in your collection repertoire, then you could be missing out on hundreds, if not thousands of dollars. When a debtor tells us they’ll pay it next week, we ask this question. When they say they can’t pay the full amount today, we ask this question.
PDC Flow
NOVEMBER 17, 2022
Creating a digital omnichannel strategy for debt collection is essential for the future. Technology is readily available and there are compliant ways to use it to better connect with consumers. How do you know what you’re planning (or what you’ve already set up) is working as well as it could? Three digital collections experts, Pran Navanandan, Halstead Financial Services, Dianne Harrell, Resident Interface, and Justin Franklin, Cedar Financial, recently paneled a webinar with Accounts Recovery
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Nerd Wallet
NOVEMBER 15, 2022
Credit card debt took a nosedive in the early days of the pandemic in 2020 as consumers stayed home, lost work and received cash infusions from the government. Two years later, it’s back. Credit card debt increased 15% year over year — the largest one-year increase in more than two decades, according to the Federal. Anna Helhoski writes for NerdWallet.
Account Recovery
NOVEMBER 18, 2022
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post FDCPA Suit Accuses Collector of Failing to Identify Creditor to Whom Debt was Owed on Itemization Date first appeared on Accoun
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Consumer Finance
NOVEMBER 16, 2022
Company wrongly charged fees and inaccurately reported homeowner credit information despite pandemic-era housing protections.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
NOVEMBER 17, 2022
When average monthly new-car payments surpassed $700 in May and car prices reached record highs, many potential car buyers decided to sit on the sidelines until the market returned to normal. Six months later, normal looks further away than ever. The Federal Reserve continues to raise the federal funds rate, driving auto loan interest rates. Shannon Bradley writes for NerdWallet.
Account Recovery
NOVEMBER 17, 2022
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 Jon Daane of TEC
Consumer Finance
NOVEMBER 14, 2022
Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry.
Roths Child Law
NOVEMBER 16, 2022
People who have too much debt and can’t make payments often declare bankruptcy to help relieve them of their financial obligations. This often saves debtors from the long-term damages and consequences of unpaid debt. Otherwise, too much debt can hamper the ability to take on loans. While people have many bankruptcy options, typically, people only file for Chapter 7 or Chapter 13 bankruptcy – two of the most commonly used debt relief solutions.
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
NOVEMBER 14, 2022
The average regular gas price in the U.S. as of Nov. 14 is $3.773 per gallon, according to AAA, which tracks gas prices. So are gas prices going down? Well, it depends on what you’re comparing with the current prices. It’s much cheaper than some of the prices we saw this year. The average price. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.
Account Recovery
NOVEMBER 18, 2022
FDCPA SUIT ACCUSES COLLECTOR OF FAILING TO IDENTIFY CREDITOR TO WHOM DEBT WAS OWED ON ITEMIZATION DATE A defendant has removed a lawsuit alleging violations of the Fair Debt Collection Practices Act and Regulation F originally filed in Florida state court to federal court, after it was accused of sending a Model Validation Notice that … The post Daily Digest – November 18.
Troutman Sanders
NOVEMBER 18, 2022
On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. According to the CFPB, greater visibility into market trends would allow lenders and investors to spot emerging opportunities, improve risk management practices, and ultimately expand access to credit and refinancing.
Credit Corp
NOVEMBER 14, 2022
We often think of retirement as a time when we should preserve our wealth, instead of building an impressive credit score. While this may be the case in some instances, as a majority of retirees often scale down on their borrowing, keeping your credit score high during retirement can be beneficial for a variety of reasons. It tends to differ from person to person. . credit score during retirement.
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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.
Nerd Wallet
NOVEMBER 17, 2022
Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. What all ADUs have in common is that they’re a separate living space typically added to a single-family residential lot, and they’re having a moment. Constructing an ADU could increase your property value while.
Account Recovery
NOVEMBER 16, 2022
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.
Consumer Finance
NOVEMBER 15, 2022
Agency examiners find legal violations across consumer financial products and services.
UK debt collections
NOVEMBER 16, 2022
Over a million people and businesses could be owed money in the UK following the collapse of the crypto exchange FTX, according to bankruptcy filings. There have also been reports that FTX suffered a hack, taking millions of dollars of crypto from the firm. It’s a worrying time for individuals who have money in the business. In the UK, crypto assets are largely unregulated, and experts and financial watchdogs warn there’s little protection for consumers.
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
NOVEMBER 15, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The Gemini Mastercard just became more valuable for drivers looking to earn crypto rewards. Beginning on Nov. 15, 2022, Craig Joseph writes for NerdWallet.
Account Recovery
NOVEMBER 15, 2022
CREDITOR FACING PAIR OF LAWSUITS FOR VIOLATING REG F’S 7-IN-7 PROVISION A pair of lawsuits have been filed against a creditor, accusing it of violating the Rosenthal Fair Debt Collection Practices Act because the creditor allegedly violated the 7-in-7 call frequency restrictions of Regulation F in attempting to collect on an unpaid debt. The suits … The post Daily Digest – November 15.
Fraser
NOVEMBER 17, 2022
During the COVID-19 pandemic, Michigan’s court rules related to landlord-tenant eviction procedures were modified in some ways to utilize video conferencing and to make certain proceedings more efficient, and modified in other ways that made it more difficult for landlords to evict residential and commercial tenants. Pursuant to recently proposed amendments to Michigan Court Rule 4.201, Michigan’s State Court Administrative Office has taken steps to make many pandemic-era changes to minimize evi
UK debt collections
NOVEMBER 14, 2022
The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late client payments, according to Alex von Schirmeister, managing director UK & EMEA at Xero. “Any company that is very aware of its accounts and on top of its numbers will have more information at hand and will therefore be able to spot cashflow problems more easily,” he says.
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.
Nerd Wallet
NOVEMBER 14, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. It’s November 2022: Do you know where your cryptocurrency is? After the collapse of the exchange FTX this month, Andy Rosen writes for NerdWallet.
Account Recovery
NOVEMBER 16, 2022
A commission organized by the Michigan Supreme Court has released a report summarizing that debt collection lawsuits are “dominating” the docket in Michigan’s state court — coming second only to traffic violations — and that 10 plaintiffs are responsible for nearly 75% of all collection lawsuits filed in the state. A copy of the report, … The post Debt Collection Lawsuits ‘Flooding’ Courts in Michigan: Report first appeared on AccountsRecovery.net.
Consumer Finance
NOVEMBER 14, 2022
Hoy día, la Oficina para Protección Financiera del Consumidor (CFPB) ha emitido dos reportes sobre la industria de la verificación de antecedentes de inquilinos.
Troutman Sanders
NOVEMBER 18, 2022
Please join Consumer Financial Services Partner Chris Willis and his guest and colleague Tony Kaye as they discuss the recently enacted California Senate Bill 1311 or Military and Veteran Consumer Protection Act of 2022. Effective January 1, 2023, the new bill — drawn up by the California attorney general’s office — intends to enhance consumer protections for military service members, directly affecting the Military Lending Act’s exception for loans to purchase motor vehicles and other personal
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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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