Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Judge Grants MSJ For Defendant in Collector Bias Suit

Account Recovery

A District Court judge in Kansas has granted a motion for summary judgment in favor of a defendant that was accused of firing a collector because she was African-American, which underscores the importance of having documented policies and procedures and following them at all times. A copy of the ruling in the case of Washington … The post Judge Grants MSJ For Defendant in Collector Bias Suit appeared first on AccountsRecovery.net.

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Improve Difficult Client Conversations with These Six Examples

Enterprise Recovery

Communication, especially in the time of remote work and virtual meetings, has never been more important. As a freelancer, agency or business owner, you may also feel distracted or overwhelmed when juggling work, clients and working from home. If you've found client communication especially challenging recently, we've created a few example scripts that we hope will help you.

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Impact of Medical Tourism on US Providers

Nexa Collect

In our modern, globalized world we are hearing more and more about people traveling outside their country as “medical tourists” for healthcare procedures, treatment, and tests, but why and how does it work? The reasons why a person may travel for treatment vary widely; the patient”s country of origin and destination vary, too. But as the medical tourism market is currently growing rapidly, it is interesting to note that this phenomenon is in fact not quite so new.

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Annuities: What They Are and How They Work

Nerd Wallet

Annuities are financial products that could help provide steady income in retirement. But an annuity can be a complex creature. Here’s an overview of how annuities work, their pros and cons, and how annuities compare with IRAs. What is an annuity? An annuity is a long-term financial contract that can provide you with a stream. Tina Orem is a writer at NerdWallet.

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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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Defendants Settle Class Action FDCPA Suit

Account Recovery

A District Court judge in Florida has granted preliminary approval of a settlement in a Fair Debt Collection Practices Act class action that will see the defendants refund or waive $512,000 in medical fees and pay $500,000 in statutory damages after the plaintiffs were charged for medical care when it should have been covered under … The post Defendants Settle Class Action FDCPA Suit appeared first on AccountsRecovery.net.

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TrueAccord continues to grow rapidly in Lenexa, KS

True Accord

Back in 2019, TrueAccord pledged to hire 50 new Lenexa team members every year until reaching our goal of 150. But thanks to a huge growth in business, TrueAccord has accelerated its hiring, adding 84 employees working remotely across the nation and from its Lenexa, Kansas office since the beginning of March alone. Overall, the Lenexa office has grown from 12 employees to over 118 people in under two years, and we’re still actively hiring across many functions.

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California State Tax: Rates, Who Pays, What to Know

Nerd Wallet

There are nine California state tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Your California state tax bracket and tax rate depends on your taxable income and filing status. California state tax brackets and tax rates Single Tax rateTaxable income bracketTax owed 1%$0 to $8,8091% of taxable income 2%$8,810 to $20,883$88.09. Tina Orem is a writer at NerdWallet.

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DCM Services names Tiffany Jansen Senior Vice President, Business Development

Account Recovery

Minneapolis, MN — October 6 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announced the promotion of Tiffany Jansen to Senior Vice President, Business Development. Jansen, who most recently served as Vice President of Executive Account Management, will now also oversee sales and marketing strategies for DCMS.

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Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion

Jimerson Firm

In 2010, the Florida Supreme Court approved an amendment to the Florida Rules of Civil Procedure regarding mortgage foreclosures and enacted new forms, such as Form 1.996(b), Motion to Cancel and Reschedule Foreclosure Sale. In 2014, the Florida Supreme Court renumbered this form to the current Form 1.996(c) (2019). If a plaintiff wishes to cancel and reschedule a mortgage foreclosure sale, a written motion must be filed with the court in accordance with Florida Rules of Civil Procedure, Form 1

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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.

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First-of-its-Kind Decision Rejects Liability for Calls Made Before Supreme Court Cured TCPA’s Unconstitutionality by Invalidating Debt-Collection Exception

TCPA

Charter Communications may have just helped literally thousands of TCPA defendants snatch victory from the jaws of defeat. As our regular readers know, the Supreme Court recently held in Barr v.

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Upgrading Your Space While Stuck at Home? Get It Insured

Nerd Wallet

As many Americans face months on end stuck indoors, some are using their time (and money) to create a change of scenery or upgrade their surroundings. Office equipment purchases are on the rise, and people are tackling more renovation projects than usual. But expensive new stuff and significant home improvements can leave you underinsured. If. Ben Moore is a writer at NerdWallet.

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Report Looks at Impact on Patients When Hospitals Stop Filing Lawsuits

Account Recovery

A follow-up report looking at the financial situations of individuals who were sued by a non-profit hospital in Memphis because of unpaid medical debts, only to have those suits voluntarily dismissed and the debts erased after a series of news articles spotlighted what it called “relentless efforts” to collect by the facility, reveals the individuals … The post Report Looks at Impact on Patients When Hospitals Stop Filing Lawsuits appeared first on AccountsRecovery.net.

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Overview of Construction Teaming Agreements in Florida

Jimerson Firm

Teaming agreements in the construction world, also referred to as teaming arrangements, are agreements between two or more independent companies to combine their resources, abilities, and knowledge, for the purpose of obtaining and, if successful, performing a competitive bid construction contract. If done properly, teaming agreements can assist these companies in becoming more competitive in the bidding process and, ultimately, win big construction contracts, including those awarded by the fede

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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How to Handle Medical Debt While Unemployed

Debt

Americans were already struggling with medical debt before the COVID-19 pandemic, and, largely because of record-setting unemployment in the last six months, the issue is expected to get worse. About one million people a week lost their jobs from March through September and many of them lost their health insurance at the same time. An… The post How to Handle Medical Debt While Unemployed appeared first on Debt.org.

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What Are Negative Interest Rates?

Nerd Wallet

When you open a savings account, the bank typically pays you for depositing your money. This is called interest, and the amount paid, or the interest rate, is a percentage of the balance. Normally, that number is positive. But savings rates have been dropping, and many banks now pay less than 1%. Could rates dip. Margarette Burnette is a writer at NerdWallet.

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Judge Grants MTD in FDCPA Case

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, in a case where the plaintiff attempted to use many of the current crop of greatest hits being claimed by individuals suing collection agencies. A copy of the … The post Judge Grants MTD in FDCPA Case appeared first on AccountsRecovery.net.

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There’s No Place Like Home: HIPAA, Pandemics, & Cybercrime

PDC Flow

As the number of folks working from home has skyrocketed during the pandemic, the effects of being more digitally connected have been both good and bad. Reports of suspected attacks by cybercriminals to the Federal Bureau of Investigation’s Cyber Division (known as the “IC3” or Internet Crime Complaint Center) are up 400% from pre-pandemic reports. 1.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

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Will There Still Be a Second Stimulus Check?

Debt

A second stimulus check could be just one tweet away. Then again, it could easily die one tweet from now as President Donald Trump nimbly demonstrated in a confusing series of social media posts. Trump’s first tweet on more economic relief for COVID-19 had a “game over” feel. It said: “I have instructed my representatives […]. The post Will There Still Be a Second Stimulus Check?

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Hidden Home Risks That Send Insurance Through the Roof

Nerd Wallet

When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save you a bundle. This could be a particularly important concern for first-time homebuyers and those moving from cities to suburban or rural. Liz Weston is a writer at NerdWallet.

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Getting to Know Doffie Howard of FBCS

Account Recovery

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Doffie Howard of FBCS appeared first on AccountsRecovery.net.

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Michigan Supreme Court finds Statutory Basis of Executive Orders Unconstitutional: Next Steps Uncertain

Fraser

Late on Friday, October 2, 2020, the Michigan Supreme Court ruled that the Governor’s use of a 1945 emergency powers law as the source of authority to issue a host of executive orders regulating capacity limits in public-facing businesses, public mask use, school re-openings, the size of public and private gatherings, among others was unconstitutional.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Bill Proposes Sweeping Changes to Protect Workers in Chapter 11

PBWT

On September 29, 2020, the House Judiciary Committee advanced H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, a Democrat-sponsored bill, to the full chamber. If enacted into law, the bill would usher in considerable changes in commercial bankruptcy cases, including in the areas of executive compensation, employee and retiree benefits, and confirmation of a Chapter 11 plan.

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Coronavirus Scrambles Hotel Breakfast Buffets for the Better

Nerd Wallet

Sneaking a banana in your jacket pocket, because you might be hungry later. Stuffing yourself with as much food as possible, because lunch in the tourist areas is expensive. Let’s face it: Breakfast buffets have the capacity to turn people into thieves or bears in pre-hibernation mode. And I’ll admit, I’m guilty. Alas, hotel breakfast. Sally French is a writer at NerdWallet.

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Compliance Digest – October 5

Account Recovery

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.

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IRS Announces 2021 Increases for HSAs

Fraser

The IRS has released its 2021 annual inflation adjustments for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code. Specifically, IRS Revenue Procedure 2020-32 provides the adjusted limits for contributions to a Health Savings Account (“HSA”), as well as the high deductible health plan (“HDHP”) minimums and maximums for calendar year 2021.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.