Collection Industry News

SEPTEMBER 27, 2023

As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. The budget deficit — the difference between what the government spends and what it takes in — reached $1.5 The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes.

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Fico Collections

DECEMBER 16, 2021

A few weeks back I had the pleasure of participating in a LinkedIn Live broadcast with Scott Zoldi, FICO’s Chief Analytic Officer on the topic of model governance & artificial intelligence. When it comes to good model governance, ensuring complete and robust model documentation is very important. Document, document, document!

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Public Citizen

JULY 3, 2021

Among the topics addressed during the hearing was President Biden's proposal for a government-run credit bureau. Ranking member Patrick McHenry opposed a government-run credit bureau, commenting, according to the article: "Cyberattacks are also a major issue with federal databases," McHenry said. " Wu said.

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Credit Corp

NOVEMBER 1, 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.

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Fico Collections

JULY 30, 2021

This blog captures the extended conversation around “ Diversity and Governance: AI Breaks into the Boardroom, ” FICO’s recent LinkedIn Live broadcast featuring Dr. Scott Zoldi , Chief Analytics Officer at FICO and Vanessa Colella , Chief Innovation Officer of Citi, Head of Citi Ventures and Head of Citi Productivity. .

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Account Recovery

AUGUST 26, 2022

FEDERAL GOV’T INSTRUCTS AGENCIES TO REMOVE MEDICAL DEBT FROM LOAN UNDERWRITING FACTORS Government agencies that make decisions about lending or guaranteeing loans must remove medical debt from their underwriting criteria, according to a memo issued yesterday by the White House Office of Management & Budget.The government said this is the (..)

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Collection Industry News

JANUARY 25, 2024

finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government shutdown without an annual budget in place. Here are some answers to questions about the new record national debt. economy right now, as investors are willing to lend the federal government money.

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Burr Forman

AUGUST 6, 2021

Wall joins from the South Carolina Manufacturers Alliance , where he served as the General Counsel and Vice President of Government Relations. At Burr & Forman, he will be a part of the firm’s Economic Development practice group as well as its Government Relations practice group. About Burr & Forman LLP.

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Troutman Sanders

MARCH 17, 2023

Specifically, it is ordering five firms to provide detailed information about their products and processes. Information about credit monitoring products that they sell, including sales revenue. Information about marketing materials used to sell small business credit reports, including gross sales revenue.

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Account Recovery

JANUARY 9, 2023

So, when information about collection performance is publicized — audited information signed off on by the federal government — it’s worth publicizing. Comparing your collection efforts to that of your peers is tough. Companies can be reluctant to share specifics and may even present misleading information.

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Fraser

MARCH 15, 2022

Local governments may limit the number of short-term rentals under common ownership, which is defined as “ownership in whole or in part by the same individual, individuals, or legal entity,” to two or more. Local governments may also limit the total number of units that may be used as a short-term rental in their jurisdiction.

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Fico Collections

OCTOBER 26, 2022

America’s AI Bill of Rights is the Right Idea – and It’s About Time. As I looked through the AI Bill of Rights handbook I thought, “It’s about time to more formally elucidate the protections citizens should have from companies’ use – and misuse – of AI.” FICO Admin. Thu, 08/22/2019 - 12:37. by Scott Zoldi. expand_less Back To Top.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Learning about bankruptcy and how it works is the first step to take before filing for bankruptcy. Find out the answers to ten of the most frequently asked questions about bankruptcy in Littleton, Colorado. ” What is Bankruptcy?

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UK debt collections

OCTOBER 4, 2021

Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research has found.

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CSA

JANUARY 22, 2021

t let our upcoming CSA Learning & Development Conference go by without running a session on the Government?s One of the most appealing things about our entry-level Apprenticeships in Credit Control and Compliance Risk is that they open up a successful career in financial services to those that were previously unable to access the sector.

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Collections Law

DECEMBER 5, 2022

Rate of construction projects increase in 2022, experts predict continued growth through 2023 According to Dodge Construction Network, a company that focuses on providing data, analytics and other information about the commercial construction industry, the construction sector had huge growth throughout 2022. Cohen LLC.

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Better Credit Blog

DECEMBER 6, 2021

. “So there are a few ‘Zero Down’ options, and some low down payment options, often backed by the government, designed to help remove that roadblock.” ” Of course, government-back Zero Down mortgages require a few qualifications, and navigating the world of low-down payments can also be tricky.

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Collection Industry News

JUNE 28, 2022

About 2 million federal student loan borrowers, many of whom are seeking debt relief from the Public Service Loan Forgiveness program, will get a new federal student loan servicer as soon as early July. But a year ago, PHEAA decided to end its contract with the federal government. About 2 million accounts still need to be transferred.

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Credit Management Company

FEBRUARY 22, 2022

Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts. When people believe these myths about using a collection agency, they often run into trouble. In this guide, we’ll debunk many of the common misconceptions people hold about debt collection. How do you mitigate this?

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Account Recovery

SEPTEMBER 27, 2021

A virtual hearing is being held this morning, and comments are due later this afternoon to the New Mexico Office of Superintendent of Insurance to implement a new law that went into effect this year governing how medical debt is being collected. Medical Debt Collection Law appeared first on AccountsRecovery.net.

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Qualco

APRIL 18, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set. Download it here.

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Account Recovery

NOVEMBER 22, 2021

One of the new shows I have watched and enjoyed recently is “Dopesick,” a limited series about the opioid crisis and how the drug was sold by its manufacturer.

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Credits Inc

MAY 17, 2019

A growing concern for the government is the steady increase of the U.S. Recovering delinquent debt has become necessary for the government to continue to provide services to the public, stay within designated federal budget guidelines, and fund various programs. government debt collection agency. was reported to have reached $3.95

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Fraser

JUNE 16, 2021

If you have any questions about these issues we are here to assist. The post Federal Cannabis SAFE Banking Act Bill Gains Steam with Backing from Michigan Financial Institutions and Government first appeared on Fraser. Please contact Klint Kesto or your Fraser Trebilcock attorney.

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Credit Corp

JUNE 2, 2021

Medical bills that you don’t know about could be hurting your credit—and the odds are not in your favor. If you have questions about why something wasn’t covered, reach out to the provider and your insurance company. Even if they aren’t sure exactly how much you owe, start asking about payment arrangements.

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Burr Forman

OCTOBER 6, 2020

On October 1, 2020, a California District Court issued an order barring the government from enforcing the visa ban, but only against several large corporate associations and their members. The post Federal Court Bars Government from Enforcing Presidential Proclamation’s Suspension of Nonimmigrant Visas Against Thousands of U.S.

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Collection Industry News

JUNE 21, 2021

Before we get there, however, recall the other day I wrote about Navient being held liable under the TCPA for calls that were perfectly legal at the time they were placed. The first issue here is whether the government-backed debt exemption was stricken retroactively or prospectively by AAPC. LEXIS 113384 (D. Do better folks.

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Burr Forman

SEPTEMBER 13, 2021

The proposed mandates will apply to an estimated 100 million workers who are employed by the federal government, federal contractors, companies with 100 or more employees, or who work in certain industries including healthcare and education. Can the Federal Government legally mandate vaccinations? Who is impacted?

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Credits Inc

SEPTEMBER 6, 2019

dependable government collection agencies. A dependable government collection service stands out above the others. Dependable Government Collection Agencies Are Transparent. Dependable Government Collection Agencies Are Legit and Established. Ask about their references and past clients also. Do they have a website?

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Account Recovery

FEBRUARY 18, 2021

Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission.

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Jimerson Firm

JANUARY 9, 2023

While leasing employees solves a lot of problems for contractors, there remain issues that contractors need to be concerned about. According to the Restatement of Employment Law, the following test governs whether an individual qualifies as an employee: (a) Except as provided in §§ 1.02

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Consumer Finance

SEPTEMBER 7, 2021

The Consumer Financial Protection Bureau (CFPB) took action today against an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans.

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Debt Recoveries

AUGUST 1, 2021

Further to these the Australian Competition and Consumer Commission (ACCC) is the national government agency which promotes compliance with the CCA and, where necessary, takes legal action against businesses that break the law. . The post How to Settle a Dispute about Money Owed appeared first on Debt Recoveries Australia.

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The Kaplan Group

JANUARY 19, 2021

We’ve talked about the FDCPA before. In October of last year, the government updated the language on the FDCPA. In October of last year, the government updated the language on the FDCPA. The post FDCPA: 6 Things to Know About Regulation F appeared first on The Kaplan Group. But be warned, it’s 653 pages.

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Collection Industry News

FEBRUARY 21, 2022

The bulletin recommends actions servicers should consider taking to ensure they do not misrepresent borrower eligibility or make deceptive statements to borrowers about the PSLF program and the Waiver. Despite one government estimate that 1.3 Secretary of Education Miguel Cardona. “I

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In the Red

NOVEMBER 2, 2021

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. That means you don’t have to worry about major bankruptcy rule changes this year — good to know. The rule amendments are ultimately adopted by the U.S.

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Qualco

APRIL 25, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set. Download it here.

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