Account Recovery
NOVEMBER 1, 2023
Being denied credit because of a negative item on a credit report is sufficient grounds for a plaintiff to have standing to sue, ruled a District Court judge in New York, but communicating information about an unpaid debt with the credit reporting agencies is not a violation of the Fair Debt Collection Practices Act, so […]
Consumer Finance
NOVEMBER 1, 2023
The Consumer Financial Protection Bureau (CFPB) published a new analysis on state Community Reinvestment Act laws, highlighting how states ensure financial institutions' lending, services, and investment activities meet the credit needs of their communities
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Account Recovery
NOVEMBER 1, 2023
Ohio AG Files Suit Against Alleged Collection Scammers Communicating With CRAs Not a Violation of FDCPA, Judge Rules Servicer Loses $7M Over Failure to Send Timely Statements 23 Companies Seeking Collection Talent WORTH NOTING: The backstory behind the song that everyone can sing but nobody knows the lyrics to … Are you one of the […]
Credit Corp
NOVEMBER 1, 2023
If you feel that your cost for health insurance is too high, you’re definitely not alone: A recent analysis from the National Health Interview Survey (NHIS) found that 7% of Americans did not have health insurance in the first three months of 2023. To help offset the costs and help Americans avoid crippling medical debt , the federal government offers tax relief for those with high-deductible plans if they choose to open a Health Savings Account to set aside funds to pay for medical costs.
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.
Account Recovery
NOVEMBER 1, 2023
Rock Hill, SC – Williams & Fudge, Inc. (“WFI”), an industry leading receivables management firm, is pleased to announce the promotion of Chris Ruh to the position of President, effective October 25, 2023.
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Account Recovery
NOVEMBER 1, 2023
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.
PDC Flow
NOVEMBER 1, 2023
Time is money. This is especially true for financial transactions between companies, where delays cause significant losses and missed opportunities. By eliminating the hurdles of traditional payment methods, business-to-business Automated Clearing House (B2B ACH) payments create a swift, secure way to navigate modern business operations. Business to Business ACH Debit Transactions B2B ACH refers to electronic payments made through an automated clearing house network – these are often facilitated
Account Recovery
NOVEMBER 1, 2023
The Attorney General of Ohio yesterday announced he has filed a lawsuit accusing an individual and a series of companies of deploying harassing and abusive debts from consumers in the Buckeye State. The Backstory: Thirteen residents of Ohio complained to the AG’s office, leading to investigate and file suit against the defendants — Chris P.
Sawin & Shea
NOVEMBER 1, 2023
Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. In fact, medical debt is one of the most common types of debt reported on consumer credit reports. According to the Consumer Financial Protection Bureau, consumer credit reports show $88 billion in medical debt as of June 2021. However, it is expected that medical debts are much higher since not all medical debts are furnished to consumer reporting agencies.
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Account Recovery
NOVEMBER 1, 2023
The Department of Education announced on Monday that it was withholding $7.2 million in payments for a student loan servicer — Higher Education Loan Authority of the State of Missouri, or MOHELA — because the servicer failed to send billing statements on time to 2.5 million individuals.
BN Lawyers
NOVEMBER 1, 2023
Here’s the latest risk management guidance, published in September 2023, from B&N’s Attorneys Risk Management practice group. BN Tip of the Month – ABA Issues First Guidance on Witness Preparation Since Covid 19 – Sept 2023 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
Troutman Sanders
NOVEMBER 1, 2023
On October 30, President Biden issued a sweeping Executive Order calling on Congress to enact privacy laws and directing federal agencies to review existing rules and potentially explore new rulemakings governing the use of artificial intelligence (AI) across various sectors of the U.S. economy. Among other things, the Executive Order will require AI system developers to submit safety test results to the federal government, establish standards for detecting AI-generated content to fight consumer
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