Account Recovery
JULY 13, 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 24 Companies Looking for Collection Talent appeared first on AccountsRecovery.net.
Account Recovery
JULY 14, 2022
A big win for the industry, thanks to Chad Echols and David Grassi from The Echols Firm, which won a summary judgment ruling from a District Court judge in South Carolina yesterday against the state Attorney General, with the judge ruling that a state law governing the spoofing of phone numbers is pre-empted by federal … The post Collection Agency Wins MSJ Against S.C.
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Enterprise Recovery
JULY 15, 2022
Business leaders have long known that the economy was going into a recession. It's important to prepare a business for any economic challenge , whether it's externally or internally driven. With accelerated technology and startup growth, eventually, there will be a slowdown. Technology and startup leaders must be prepared to ensure their business fares well.
Consumer Finance
JULY 11, 2022
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans.
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
JULY 13, 2022
Today’s housing market can feel like a dream killer. Rising mortgage rates, high home prices and a shortage of properties for sale deliver a one-two-three punch. If you’ve been knocked out of one too many deals and need a timeout, here’s how to regroup and keep the homeownership dream alive. Give yourself a break Given. Barbara Marquand writes for NerdWallet.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Prosperity Now
JULY 13, 2022
For the past 42 years, Tax Help New Mexico has provided tax preparation services for low-income and elderly New Mexicans.
Consumer Finance
JULY 13, 2022
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.
Nerd Wallet
JULY 13, 2022
Flight delays and cancellations are uncomfortably frequent right now. In fact, the on-time arrivals rate thus far in 2022 among U.S. airports hasn’t been this low since 2014, according to the Bureau of Transportation Statistics. For the period between January and April 2022, just 76% of nonstop, domestic flights arrived on time, according to the. Sally French writes for NerdWallet.
Account Recovery
JULY 14, 2022
A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, illustrating why it’s a good decision sometimes to take the extra steps of going through discovery instead of attempting to win on a motion to dismiss, while also potentially providing some ammunition for … The post Judge Grants MSJ in FDCPA Case Involving Hunstein Claim appeared first on AccountsRecovery.net.
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.
Fraser
JULY 12, 2022
Courts generally show a pattern of skepticism toward force majeure and frustration of purpose arguments stemming from the Covid-19 pandemic. Here’s what businesses need to know to protect themselves. Definitions. First, we need to get our terminology straight. Frustration of purpose and force majeure, while related concepts, are distinct in some important ways.
Consumer Finance
JULY 13, 2022
Director Chopra delivered opening remarks to the Financial Literacy and Education Commission on July 14, 2022.
Nerd Wallet
JULY 15, 2022
SafeMoon is a troubled cryptocurrency facing multiple class-action lawsuits. It offers a unique structure that encourages people to hold, rather than sell, which was originally intended to make it a safer, more profitable investment. But its value plummeted following revelations of false statements from the company, which have been the focus of legal complaints.
Account Recovery
JULY 15, 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 Agency Sued for Not Using Proper Condition Code appeared first on AccountsRecovery.net.
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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.
UK debt collections
JULY 12, 2022
The scourge of late payment is affecting Self Employed workers and Freelancers across the UK according to one source. The average amount owed to self employed freelancers has risen to £5,230 in 2022. Andy Chamberlain of The Association of Independent Professionals and the Self Employed ( IPSE ) has highlighted that the problem is bigger than ever today and worsening.
Fraser
JULY 15, 2022
Supreme Court Ruling Shouldn’t Affect Michigan’s Healthy Climate Plan. The Supreme Court’s recent ruling limiting the EPA’s ability to regulate carbon emissions from power plants should not affect Michigan’s course of following through with the MI Healthy Climate Plan, which was first released in April 2021. The MI Healthy Climate plan seeks interim reductions of 28% by 2025 and 52% by 2030.
Nerd Wallet
JULY 15, 2022
Kids who learn how to save at an early age have a big advantage over their peers as they get a head start on learning how to manage money. But this doesn’t happen automatically. Parents and caregivers can be crucial in helping point children in the right direction. Here are four steps you can take. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com.
Account Recovery
JULY 14, 2022
GETTING TO KNOW ERIN STEWART OF SUCCESSKPI Erin Stewart is smart enough to know she doesn’t know everything, and that it’s important to surround herself with people whose strengths match her weaknesses. Perhaps that explains her meteoric rise through the ranks of the industry in just eight short years. Read on to learn more about … The post Daily Digest – July 14.
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.
Public Citizen
JULY 15, 2022
Bernard Chao of Denver has written Unjust Enrichment: Standing Up for Privacy Rights. Here is the abstract: In TransUnion LLC v. Ramirez, one of the country’s largest credit reporting agencies violated the Federal Credit Report Act (“FCRA”) by failing to “follow reasonable procedures to assure maximum possible accuracy.” As a result, thousands of credit reports incorrectly said that consumers were potential terrorists, drug traffickers, or serious criminals.
UK debt collections
JULY 14, 2022
Debt Collectors in Liverpool are expected to be chasing up around 30,000 debts owed to Liverpool City Council this year. After the local authority approved a two-year extension to the contract for debt collectors in Liverpool on the very same day the existing terms were due to run out, a report to members of the finance and resources committee has revealed how busy they expect this year to be and how it will “assist with the council’s immediate financial requirements.
Nerd Wallet
JULY 15, 2022
If you’re house-hunting in a hot market, you may have wondered: “Why don’t I just build?” Choosing a modular home can save you money and time, compared to traditional construction methods. According to the National Association of Home Builders, a typical modular build can be move-in ready in as little as three months. That’s less. Abby Badach Doyle writes for NerdWallet.
Account Recovery
JULY 13, 2022
It’s uncommon to see court rulings that relate to debt collection efforts that are ongoing, but that’s what we have in this situation. A District Court judge in Illinois has granted a plaintiffs’ motion for a temporary restraining order and preliminary injunction that orders the defendant in a Fair Debt Collection Practices Act case to … The post Judge Grants TRO Against Defendant in FDCPA Case appeared first on AccountsRecovery.net.
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
JULY 12, 2022
Assistant Director of Servicemember Affairs James S. Rice's statement before the House Committee on Oversight and Reform Subcommittee on National Security.
Fico Collections
JULY 15, 2022
Home. Blog. FICO. Optimization and Automation Point the Way for Insurance Claims. In uncertain times, optimization and automation offer insurance claims departments what's needed most - speed, scale and control. FICO. Tue, 07/02/2019 - 02:45. by Darran Simons. expand_less Back To Top. Fri, 07/15/2022 - 10:05. Optimization and automation are fundamentally changing the way insurers use data and AI to operate and better serve customers.
Nerd Wallet
JULY 12, 2022
People without cryptocurrency may view the crypto market’s 2022 upheaval with a cursory glance — they have no skin in the game. But many Americans are invested in crypto, according to a new NerdWallet survey, and misunderstandings about their investments could be detrimental when things are volatile. An estimated 64 million Americans owned cryptocurrency, according.
Account Recovery
JULY 14, 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 Erin Stewart of
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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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