PDC Flow

JULY 13, 2021

Listening to customers keeps them happier, boosts retention and helps companies identify areas of improvement. In debt collection, listening is a key skill to look for in a new hire. It is an essential part of consumer interactions, determining the success (or failure) of the calls your agents make. Deep Listening. Communication and collections professional Mary Shores is a vocal advocate of listening to consumers.

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Fico Collections

JULY 14, 2021

In today's environment, how do you transform your debt resolution function and create lasting success? Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has had tremendous resultswith digital collections using the FICO® Platform. In fact, Hoist Finance and FICO just won the Best Use of Technology category in the Credit Excellence Awards 2021.

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Collection Industry News

JULY 12, 2021

Source: site. President Joe Biden‘s push for Federal Trade Commission rules protecting consumer data privacy highlights ties between tech companies’ power and the personal information they collect. Biden urged the FTC to write rules governing “the surveillance of users” in a wide-reaching executive order on competition, singling out unfair data collection practices that could damage competition and consumer privacy.

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Account Recovery

JULY 16, 2021

The Court of Appeals for the Seventh Circuit has affirmed the rulings from District Court judges in a consolidated appeal of seven Fair Credit Reporting Act cases in which the plaintiffs sued credit reporting agencies because they allegedly did not properly investigate claims that debts being reported by debt buyers on the plaintiffs’ credit reports … The post Appeals Court Affirms Ruling For Defendants in FCRA Cases Over Ownership of Debts appeared first on AccountsRecovery.net.

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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 12, 2021

Hey, internet: Remember millennials? Many of us have graduated from our lattes and leisurely brunches to become parents with jobs, car loans and perhaps even a mortgage. On our road to adulthood, we’ve experienced two global crises — a recession and a pandemic. Many of us are also still carrying mountains of student debt. These. Amrita Jayakumar writes for NerdWallet.

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Loans 138

Consumer Finance

JULY 13, 2021

The Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults. The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide.

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Education 113

Account Recovery

JULY 16, 2021

On many of my webinars, attorneys have exhorted companies in the accounts receivable management industry from being creative, at least when it comes to making required disclosures. Getting cute or creative is rarely a good idea. Now, the Eighth Circuit Court of Appeals has jumped on board this train, ruling that the use or boilerplate … The post Appeals Court Rules Boilerplate Disclosures Do Not Turn Letter into FDCPA Communication appeared first on AccountsRecovery.net.

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Accounts Receivables Management 246

Nerd Wallet

JULY 12, 2021

Stuffed with industry jargon and legalese, your home insurance policy isn’t exactly light reading — but that doesn’t mean you should toss it in a drawer without a glance. After all, the words in that policy could mean the difference between being completely covered for a disaster or having to pay thousands of dollars to. Sarah Schlichter writes for NerdWallet.

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Home Insurance 133

Nexa Collect

JULY 10, 2021

For those health care practitioners who want to reap the benefits of automating their account receivable (AR) processes, we offer here a few tips on how to make this transition from paper invoices and bills to streamlined digital AR functions and operations. Manual AR still constitutes an expensive financial loss for some providers, and while they may want to change things, many don’t know where to start.

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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.

Banks

Fico Collections

JULY 15, 2021

A core pillar of promoting and sustaining widespread access to credit is ensuring high levels of financial literacy. Unfortunately, the U.S. lags behind many other countries in financial literacy, meaning millions of Americans lack the resources they need to chart a healthier financial future. But thanks to nonprofit organizations like Operation HOPE — which collaborates with financial institutions, corporations, municipal agencies, and community organizations to help low- and mid-income America

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Account Recovery

JULY 16, 2021

APPEALS COURT AFFIRMS RULING FOR DEFENDANTS IN FCRA CASES OVER OWNERSHIP OF DEBTS The Court of Appeals for the Seventh Circuit has affirmed the rulings from District Court judges in a consolidated appeal of seven Fair Credit Reporting Act cases in which the plaintiffs sued credit reporting agencies because they allegedly did not properly investigate … The post Daily Digest – July 16.

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Nerd Wallet

JULY 14, 2021

A lot has changed in the travel world since the pre-pandemic days of 2019. Even if it seems like your life is going back to normal — you’re back in the office, you’re going out sans mask and your social calendar is once again busy — the travel industry is far from normal. Almost everything. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Jimerson Firm

JULY 15, 2021

On Wednesday, August 25, 2021 from 12:00 PM-1:00 PM, three of our partners will present Navigating the Post-Pandemic Era of Rapidly Escalating Construction Prices: A Panel Discussion on Trends, Tips and Best Practices. This lively panel discussion, hosted virtually, will discuss the hot button issue of the rapid escalation of construction material and labor prices that has been experienced across the construction industry during the post-pandemic economic recovery.

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Collection Agencies

Prosperity Now

JULY 12, 2021

Prosperity Now is happy to announce that we are starting the next phase of our work with the Annie E.

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Account Recovery

JULY 16, 2021

A District Court judge in Michigan has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case while also denying the defendant’s motion for sanctions, but noting that he was “troubled” by the plaintiff’s counsel’s conduct in the case and “expressly” warning that “continuing to file and pursue similar baseless claims … The post Judge Grants MSJ For Defense in FCRA Case, But Denies Motion for Sanctions Again

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Nerd Wallet

JULY 15, 2021

You may not own cryptocurrency or nonfungible tokens. You may not have a big Instagram following or run an online business. But if you do almost anything online, you probably have digital assets — electronic records that you own, control or license. Failing to make arrangements for those assets while you’re alive could cause unnecessary. Liz Weston writes for NerdWallet.

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Jimerson Firm

JULY 15, 2021

LEGAL ALERT // Urgent Guidance for Community Associations Regarding Property Inspections and Preparation. As the tragedy in Surfside continues to develop, like many around the country, we are struck by the senseless loss of lives. Our hearts go out to the victims and their families in this time of incomprehensible loss. When lives are at stake, be that in a condominium tower or a multi-level office building, there is no greater responsibility to look after than the safety of those who dwell, ga

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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.

Sawin & Shea

JULY 14, 2021

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 trillion. It’s no surprise then that thousands of individuals with student loan debt end up turning to bankruptcy for help.

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Account Recovery

JULY 15, 2021

A District Court judge in Michigan has dismissed class-action claims made by a plaintiff that debt collection calls made by a creditor to a consumer’s cell phone without consent in an attempt to reach the plaintiff’s brother violated the Telephone Consumer Protection Act because the equipment used by the defendant to make the calls did … The post Judge Dismisses TCPA Class Action Over Collection Calls appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 12, 2021

A wave of digital-first challengers to traditional banks has attracted millions of customers with free accounts and hassle-free sign-ups. But a recent report highlights some risks of entrusting money to neobanks, financial tech companies that partner with established financial institutions to provide banking services. The nonprofit news organization ProPublica reported July 6 that customers of.

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Jimerson Firm

JULY 12, 2021

On Friday, July 9, 2021, the Miami Herald covered the Surfside condo collapse in their latest news article, “ Condos’ reserve funds, delayed repairs under new scrutiny since Surfside tragedy.” Managing partner Charles Jimerson was quoted throughout the piece for his expertise in condominium law by the Miami Herald’s Mary Ellen Klas and Ana Ceballos of the Herald/Times Tallahassee Bureau.

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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?

Financial services

Hudson Weir

JULY 15, 2021

Liquidating a company can be tough – but it is something many business owners have had to face. Sometimes, it is the only viable solution when trading difficulties make it impossible to continue. For directors and managers, one of the primary concerns is their staff. In this article, the Hudson Weir team explains what happens to employees when a company goes into liquidation, and the essential liquidation employee entitlements to be aware of.

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Account Recovery

JULY 15, 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 William Marohn o

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Accounts Receivables Management 246

Nerd Wallet

JULY 12, 2021

How to pay yourself as a business owner depends on the business structure, the stage of growth of your business and other factors. While paying yourself may not be the first thing that comes to mind as you’re building a business, knowing the factors to consider and using the correct payment method can set you. Amrita Jayakumar writes for NerdWallet.

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True Accord

JULY 15, 2021

Halfway through 2021, e-commerce and consumer spending continue to see the impact of government stimulus payments while consumers look for new ways to invest and leverage their money. Simultaneously, all sectors of fintech grew during the pandemic , and this growth has not shown signs of stopping. Investment and lending platforms have grown in users by the highest percentage during the pandemic — with increases of 23 and 25 percent, respectively (McKinsey).

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Financial services Financial Institution Banks Government 94

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