Sat.Jun 05, 2021 - Fri.Jun 11, 2021

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Arrested Development: What Do Modern Law Firm Associates Want, Anyway?

NCBA Law Practice Management Blog

There’s a lot in flux around the legal industry of late. Work roles, places and preferences seem to be changing constantly. Yet, law firms continue to require associates to move business forward. Managing partners often think, in these instances, about what the law firm needs. But, even if in an employer’s market, it pays to consider what your associates ( and potential associates ) actually do want – especially if you want those associates to stick around for a while, along with all the capital

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4 Pillars of An Empathetic Communication Strategy in Healthcare Collections

PDC Flow

Since the beginning of the COVID-19 pandemic, “empathy” and “compassion” have been buzzwords in almost every industry. People are craving the human connection and understanding that comes with empathy, which is why now more than ever, understanding empathy and compassion is extremely important. Luckily, I’ve got you covered. For the past 15 years, I’ve studied neuroscience and conducted communication experiments in my debt collection agency to understand how empathy works and how to use it effec

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Why the credit team is a valuable line of defence against fraud

On Guard

Bad debt can have catastrophic consequences for any business, with different industries each having their own vulnerabilities. For example, for organisations that provide machinery, vehicles and other costly assets, the threat of these going missing is a serious concern. PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company.

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Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for a laundry list of alleged violations of the Fair Debt Collection Practices Act in a letter that was sent to the plaintiff while also declining a motion from the plaintiff to strike an affidavit and … The post Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter appeared first on AccountsRecovery.net.

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Solve Your Firms Automation Complexities Once and For All

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.

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Excise Tax: The Ultimate Guide for Small Businesses

Nerd Wallet

This article has been reviewed by tax expert Erica Gellerman, CPA. An excise tax is a tax charged for items that are frequently seen either as socially harmful or as a luxury good or service. Luxury vehicles are subject to excise tax, as are alcohol, gas, airline tickets, indoor tanning and more. Excise tax is sometimes. Nina Godlewski writes for NerdWallet.

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Builder wrecks customers house over Unpaid Invoice

UK debt collections

A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused a builder to take action into his own hands. The house after it was partially demolished. Credit: BPM Media. Works were ordered by a house owner in a affluent part of Leicester were the average house price exceeds £540,000.

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Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline

Account Recovery

A District Court judge in Alabama has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Credit Reporting Act because it referenced a monthly payment amount on a tradeline that had been closed and where the balance was $0 when furnishing information to the credit reporting … The post Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline appeared first on AccountsRecovery.net.

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How Clean Is Your Hotel?

Nerd Wallet

In 2020, many vacationers turned to glamping, RVs and vacation rentals amid fears that hotels might not be the safest place to stay. After all, stepping into a shower that a stranger used yesterday may have already given germophobes the jitters — even before COVID-19 became the fastest-growing word in the lexicon. So, is it. Sally French writes for NerdWallet.

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The Worsening State of Mortgage Affordability in 2021

Credit Corp

In a Nutshell. According to a recent study by Point2 , new homeowners in over 51 of the 100 largest cities in the US are spending more than 30% of their income on mortgage payments. This goes against the common wisdom of financial advisors that says homeowners should avoid spending more than 28% of their gross income on their mortgage. In this post, we’ll discuss the findings and try to find out what it means for new homeowners in 2021.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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EEOC Issues New Guidance on Workplace Vaccine Policies

Fraser

On May 28, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding employment vaccination programs. As discussed below, the EEOC’s updated guidance provides additional information concerning key issues such as whether: Employers may mandate vaccines. An employee’s vaccination status is confidential medical information.

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Daily Digest – June 9. Collector to Pay $900k After Being Sued by Wash. AG; Judge Holds Debt Buyer Liable for Actions of Collector

Account Recovery

COLLECTOR TO PAY MORE THAN $900K IN RESTITUTION, FINES AFTER BEING SUED BY WASHINGTON AG The Attorney General of Washington yesterday announced an enforcement action against a collection agency for alleged unlawful debt collection practices, including assessing fees and costs to individuals without not collecting any money from them, operating without a license for more … The post Daily Digest – June 9.

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What Is Crypto Banking?

Nerd Wallet

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. What is crypto banking? Let’s start with the “crypto” part. Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking.

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These Millionaires Reveal Their Top Money Secrets

Credit Corp

It’s common knowledge that millionaires handle their money differently than many, but what’s their secret? Does education have anything to do with it? Some say that you have to work hard, and others suggest saving every penny. But, which one is right for you? In this article, I interviewed these millionaires and asked them a very basic question: “As a millionaire, what is your number one money secret that could help others on their way to financial independence?

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

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Things Debt Collectors Are Forbidden to Do

Sawin & Shea

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. In most cases, people know that they are behind on payments and are struggling to deal with the issue. Having to deal with a barrage of phone calls, emails, and texts at the same time is like adding insult to injury.

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Daily Digest – June 8. Maryland Healthcare Collection Bill Becomes Law; Judge Partially Grants MSJ in FDCPA Case

Account Recovery

MARYLAND HEALTHCARE COLLECTION BILL BECOMES LAW By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt … The post Daily Digest – June 8.

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The 15 Best Franchise Opportunities of 2021

Nerd Wallet

If you’re looking for a new business venture, but don’t want to take on the difficult work of developing your own brand image and identity, a franchise opportunity might be the best fit for you. Since there’s already a strong corporate and management framework in place as well as guidelines around everything including marketing, merchandising, Sally Lauckner writes for NerdWallet.

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The Cost of Consumer Goods Is Rising: Find Out More

Credit Corp

The cost of consumer goods has risen and fallen over time—with the long-term trajectory for most items going up. That’s not a surprise to most people. You know the cost of bread or milk at the grocery store is more than it was when you were a kid. But how fast is the cost of consumer goods going up today, and what, exactly, is the consumer price index?

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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A New Partnership for HomeReserve, Expanding Financial Well-being for Youth

Prosperity Now

What would it be like for 18-year-olds to be on track to be homeowners by 21?

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Tenn. Court Offering Online Tool to Help Settle Medical Debt Disputes

Account Recovery

A pilot program is being offered in Tennessee aimed at reducing the number of medical debt collection lawsuits that are filed against individuals, by offering a free online medical debt resolution platform for healthcare providers and consumers to use to work out settlements before lawsuits are filed. The platform is even offering free access to … The post Tenn.

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Smart Money Podcast: Crypto Credit Cards and Short-Term Investing

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of credit cards that offer rewards in cryptocurrency. Then we pivot to this week’s question from a listener who emailed us asking: “ETFs or index funds: Which of the above is better for short-term investing?”. Liz Weston writes for NerdWallet.

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How to Build Business Credit for Real Estate

Credit Corp

Buying and selling real estate for commercial purposes can be an expensive endeavor. Many real estate investors typically have to start out using their own funds or personal credit to cover the cost of their new properties, even when they’re for generating income. This strategy works well for those who have the personal capital to make big purchases, but for those who don’t, it can be a roadblock for them.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

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?

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Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at the request of the Insolvency service. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law.

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Spire Recovery Solutions Donates to Shriners Hospitals for Children

Account Recovery

Spire Recovery Solutions, a professional and nationally licensed full-service debt collection agency located in Lockport, New York, announces a $1500 donation to the Shriners Hospitals for Children. Shriners is a nationwide network of non-profit medical facilities that provides specialized pediatric care regardless of families’ ability to pay. “In these difficult times, we all have the … The post Spire Recovery Solutions Donates to Shriners Hospitals for Children appeared first on Accounts

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What to Do If You Save Too Much for Retirement

Nerd Wallet

Many Americans don’t save enough for retirement, but it’s entirely possible to save too much — at least according to the IRS. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Uncle Sam doesn’t want you to leave the money in the account too long, either. Liz Weston writes for NerdWallet.

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Should You Get an FHA or Conventional Loan?

Credit Corp

You found your dream home, but now comes the hard part: figuring out your mortgage. Two common loan options are conventional and FHA loans. A Federal Housing Administration loan, or FHA loan, is insured by the federal government. A conventional loan is not. The backing of the federal government makes FHA loans a bit easier to qualify for because they’re considered less risky for lenders.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.