Account Recovery
AUGUST 14, 2020
A bill that would require debt collectors in California to obtain licenses in order to stay in business moved one step closer to becoming a law yesterday, after being approved by the Assembly Banking and Finance Committee. The bill, SB 908, has already been approved by the state Senate. It now moves to the Assembly’s … The post Licensing Bill in Calif.
Enterprise Recovery
AUGUST 14, 2020
Once your sales team has built enough trust to land a new client, the onboarding process will lay the groundwork for the ongoing client relationship. This is the time that the client is open to you and, at the same time, cautious of your next steps. It's important that you hit the ground running (or even before signing the agreement!) so the client feels an immediate sense of relief.
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American Profit Recovery
AUGUST 8, 2020
By Courtney: Working from home has been a huge adjustment, not only for the entire company but especially the customer service department. Back when we were in the office we were known as “the favorite row”. When you walked down the customer service isle you could feel the great energy, always joking around & laughing. Since this transition we have had to find new ways to keep that relationship & Zoom has been a huge tool.
Nerd Wallet
AUGUST 13, 2020
You’ve likely heard of “voting with your dollars,” or using your money to make purchases at businesses you believe in. But choosing your local bookstore over Amazon isn’t the only way you can make an impact. There are strategies, such as ESG investing, to put your investment dollars to work in a similar way. What. Alana Benson is a writer at NerdWallet.
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
AUGUST 14, 2020
The Idaho Department of Finance has extended its guidance allowing collection agency employees to work from home without needing to obtain branch licenses until December 31. The allowance was due to expire on September 1. “The Department recognizes that the continued spread of localized person-to-person cases of the virus has not significantly improved,” it said … The post Idaho Extends Work From Home Guidance Until End of Year appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
American Profit Recovery
AUGUST 14, 2020
When you make taking care of your employees your main mission as an organization, you never think that a pandemic could show you just why this is so critical to a business. While we miss the family atmosphere that once was our corporate office, the team-like way in which everyone rowed the same way, and the personal manner we help each other grow in a face to face environment, we have seen some of the most amazing teamwork during COVID-19 that we have ever seen.
Nerd Wallet
AUGUST 12, 2020
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship. Focus on your strengths, skills and experience. You can perform. Steve Nicastro is a writer at NerdWallet.
Account Recovery
AUGUST 14, 2020
A District Court judge in Florida has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it lumped the principal, interest, fees, and expenses it was owed into one amount when filing a proof of claim after the plaintiff filed for bankruptcy protection. The judge … The post Judge Grants MTD in FDCPA Case Over Lack of Standing appeared first on AccountsRecovery.net.
Nexa Collect
AUGUST 10, 2020
Invoice factoring can be an appealing way for businesses with outstanding accounts receivables to raise needed cash quickly. Factoring companies will purchase blocks of a business’s unpaid invoices, fronting between 85 and 90% of their total value. The business is then charged a fee every week until the last invoice is paid by the customer, at which point the factoring company will release the remaining 10 to 15%.
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.
TCPA
AUGUST 11, 2020
In Allan v. Pennsylvania Higher Education Assistance Agency, the Sixth Circuit weighed in on the definition of an ATDS, joining the Second and Ninth Circuits in reading it expansively.
Nerd Wallet
AUGUST 11, 2020
You don’t have to make another federal student loan payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021. Federal student loan borrowers were already in an automatic interest-free pause on payments as part of the original coronavirus relief bill, known as the CARES Act. Anna Helhoski is a writer at NerdWallet.
Account Recovery
AUGUST 11, 2020
The New York City Department of Consumer Affairs has extended the period through which it will not issue any enforcement actions for violations of its new language access rule until October 1. The grace period was set to expire on August 26. No reason was given for the extension, but it will be very much … The post NYC Extends Enforcement Grace Period for Language Access Rule appeared first on AccountsRecovery.net.
Nexa Collect
AUGUST 8, 2020
Collecting outstanding debt isn’t an easy process. If a consumer has allowed their obligations to go into delinquency they’re usually either experiencing significant financial difficulty, they’re grossly irresponsible, or they have no intention of paying. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency.
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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.
Jimerson Firm
AUGUST 11, 2020
The board of directors of community associations are responsible for making important decisions affecting the community and its members. As a result, disputes sometimes arise between the association and its members. In the event the dispute evolves into a lawsuit, the business judgment rule will protect directors from personal liability so long as they did not breach their fiduciary duty.
Nerd Wallet
AUGUST 14, 2020
Behavioral economist Dan Ariely and his colleagues at Duke University’s Center for Advanced Hindsight have a pact. Every week, the group of 50 people picks one small business in Durham, North Carolina, and each person spends $100 there. A one-time $5,000 infusion wouldn’t make a difference to Amazon, Costco or any other large retailer, but. Liz Weston is a writer at NerdWallet.
Account Recovery
AUGUST 10, 2020
JUDGE DENIES DEFENDANT’S MSJ IN FDCPA CASE OVER LACK OF LICENSE A District Court judge in Hawaii has denied a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it sued to collect on an unpaid debt yet was not registered in the state as a … The post Daily Digest – August 10.
Prosperity Now
AUGUST 11, 2020
On July 23, 2020, the Department of Housing and Urban Development (HUD) released a major change to its Affirmatively Furthering
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.
Credit Corp
AUGUST 11, 2020
Taking out a life insurance policy is a great way to protect your family’s financial future. A policy can also be a useful financial planning tool. But life insurance is a notoriously tricky subject to tackle. One of the hardest challenges is deciding whether term life or whole life insurance is a better fit for you. Not sure what separates term life from whole life in the first place?
Nerd Wallet
AUGUST 12, 2020
You’re hardly driving anymore. But how do you turn in your leased car without losing a small fortune? Because of the pandemic and the sagging economy, many people are asking this same question. The good news is that the once-rigid leasing process has become a bit more flexible thanks to new online information and resources. Philip Reed is a writer at NerdWallet.
Account Recovery
AUGUST 10, 2020
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.
Prosperity Now
AUGUST 11, 2020
On July 23, 2020, the Department of Housing and Urban Development (HUD) released a major change to its Affirmatively Furthering
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?
Credit Corp
AUGUST 10, 2020
According to Experian, the average credit score in the United States was just over 700 in 2019. That’s considered a good credit score—and if you want a good credit score, you have to consider your revolving utilization. Revolving utilization measures the amount of revolving credit limits that you are currently using, and it accounts for a large portion of your credit score.
Nerd Wallet
AUGUST 12, 2020
Legendary Route 66, often called the Main Street of America, draws tourists from around the world. These days, Americans are embracing the summer of road trips, and there are plenty of attractions to see and explore on this authentic “Americana” drive that stretches more than 2,000 miles through eight states. Plus, if you’re looking to. Ramsey Qubein is a writer at NerdWallet.
Account Recovery
AUGUST 14, 2020
JUDGE GRANTS MTD IN FDCPA CASE OVER LACK OF STANDING A District Court judge in Florida has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it lumped the principal, interest, fees, and expenses it was owed into one amount when filing a proof of … The post Daily Digest – August 14.
Prosperity Now
AUGUST 11, 2020
About this blog: This is the second blog in a two-part series about low- and moderate-income youth.
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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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