Troutman Sanders

NOVEMBER 12, 2021

Last month, industry saw the Consumer Financial Protection Bureau (CFPB) issue a number of compliance aids in anticipation of two CFPB Debt Collection Final Rules becoming effective on November 30. On this same day, the CFPB issued a new compliance aid titled, “ Debt Collection Rule: Disclosing the Model Validation Notice Itemization Table.”

Debt collector 52

Debt collector Collections Lender 52

True Accord

OCTOBER 11, 2022

Compliance is always evolving as new laws and regulations are passed, new technology is introduced, consumer preferences shift, and court decisions or regulatory guidance suggest modifications to best practices. What are the consequences of non-compliance? What are the top challenges that you see ahead for compliance in collection?

Collections 84

Collections Debt collector Third-party Debt Collectors Fair Debt Collection 84

Nerd Wallet

JULY 14, 2021

Oasis, a Paychex Company, is a professional employer organization, or PEO, that can bundle payroll, human resources, employee benefits and compliance services into one package. Unlike some payroll software products, Oasis matches business owners with a dedicated team of HR and payroll specialists.

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Nerd Wallet

JANUARY 14, 2022

Extra Help is a federal program that helps Medicare beneficiaries with low income and limited resources pay for prescription drugs with Medicare Part D. These programs are really important and can save people thousands of dollars per year,” says Erin Guay, paralegal and compliance officer at the Pennsylvania Health Law Project.

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Fico Collections

MARCH 24, 2021

Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Maintain a strong Tone at the Top (“Culture of Compliance”). Plan for upticks in particular areas of AML compliance activity. Document, document, document!

Trade 98

Trade Financial Institution Banks Education 98

PDC Flow

NOVEMBER 29, 2023

simplify compliance with Regulation F and the FDCPA. Flow Technology for PCI Compliant Staff-Assisted Payments Watch Demo Video Payment Compliance and Security High-risk or heavily regulated industries are tasked with a host of compliance regulations and hurdles. PCI compliance is essential when taking credit card payments.

Healthcare 79

Healthcare Collections Banks 79

American Profit Recovery

JUNE 14, 2023

Will it take too much time and resources to send a customer to collections? A collection agency can save your organization a tremendous amount of resources including staff time and money. Many business owners and others get frustrated by the internal resources they must allocate toward debt collections.

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Collection Agencies Collections Agency Collections Debt collector 130

Burt and Associates

APRIL 1, 2024

Changing Regulations: The rulebook governing debt collection practices continues evolving, creating business compliance challenges. Make sure you and your team understand relevant laws and regulations to avoid compliance pitfalls. The extra expertise and resources can accelerate recoveries while protecting your interests.

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Collections Debt Recovery Creditworthiness Collection Agencies 52

Jimerson Firm

MARCH 14, 2024

Contractors should consider including language in the subcontractor agreement that grants the contractor comprehensive rights to obtain information from subcontractors, including information related to subcontractor progress, resources, personnel, and any other relevant information that may affect timelines or budgets.

Legal Rights 59

Legal Rights Construction 59

Troutman Sanders

JULY 13, 2023

The AABD Handbook also describes best practices to enhance banks’ fair lending compliance programs to meet regulatory expectations. For this reason, the AABD Handbook serves as a helpful resource for others, including chief risk officers, chief compliance officers, and fair lending officers.

Banks 52

Banks Law Firms Education Government 52

Troutman Sanders

JULY 10, 2023

The Handbook also describes best practices to enhance banks’ fair lending compliance programs to meet regulatory expectations. For this reason, the Handbook serves as a helpful resource for others, including chief risk officers, chief compliance officers, and fair lending officers.

Banks 52

Banks Education Loans 52

Nexa Collect

MAY 21, 2021

HIPAA risk assessments are an essential part of HIPAA compliance, and they should be conducted periodically by a qualified person or team within the organization. 10) Healthcare organizations must document all HIPAA compliance activity including privacy and security policies, risk assessments and audits, and staff training sessions.

Healthcare 130

Healthcare Collection Agencies Collections Agency Education 130

PDC Flow

SEPTEMBER 29, 2020

Lauren Valenzuela has been watching the trends and staying up-to-date with the latest in AR compliance as part of her job as Corporate Counsel, Performant Financial Corp. We had the pleasure of speaking to Valenzuela about her career and her thoughts on the upcoming privacy and compliance concerns facing the industry.

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Collections Debt collector Trade Fair Debt Collection 97

Troutman Sanders

NOVEMBER 3, 2023

The newly amended compliance requirements will take effect in phases.  Compliance The amended regulation’s new compliance requirements will take effect in phases. Requirements for cybersecurity event notification and annual compliance certification will take effect 30 days after adoption.

Government 59

Government Financial services Banks 59

American Profit Recovery

APRIL 22, 2022

Limited internal resources require third party assistance. We manage medical debt collections across the country for various sizes of practices and one thing we see especially in smaller medical practices is the need for external resources to keep up with cash flow. It could cost you less in the long run.

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Collection Agencies Collections Agency Healthcare Collections 194

Nexa Collect

JUNE 29, 2023

Compliance with Data Protection Laws : Different regions have varying data protection laws (e.g., Training Limitations : Training chatbots to perform at a high level can be time-consuming and resource-intensive. GDPR in Europe, CCPA in California).

Financial services 100

Financial services Healthcare Collections 100

PDC Flow

JANUARY 12, 2024

But, she didn’t always have such a strong compliance management system. Creating a compliance system that includes effective root cause analysis for isolating and addressing problems can boost efficiency and morale, making your business more attractive to new clients. It may even cause them to leave. 5 Steps of Root Cause Analysis 1.

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Collection Agencies Collections Agency Collections Education 70

True Accord

JUNE 6, 2023

Originally set to go into effect in 2022, financial institutions—a designation that has also been updated—now need to prepare for the changes or risk non-compliance and its consequences before they go into effect on June 9, 2023. What are the penalties for non-compliance with GLBA? What is the Safeguard Rule?

Financial Institution 71

Financial Institution Credit Unions Credit Unions Accounts Receivables Management 71

Collection Industry News

JUNE 5, 2023

Networking Opportunities: Debt collection conferences bring together professionals from the industry, including debt collectors, lawyers, compliance experts, and technology providers. Staying informed about evolving regulations and compliance requirements is crucial for debt collection professionals.

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Collections Education Debt collector Debt Recovery 40

True Accord

JUNE 29, 2023

Data protection policies can often be treated as a set-it-and-forget-it, or even treated as a luxury of lower priority due to limited resources, expertise, or familiarity. Keeping Up With Compliance Along with federal regulations, individual states are also issuing new laws focused on consumer data protection.

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Collections Financial Institution Debt collector Debt Recovery 80

Taurus Collect

JANUARY 10, 2024

Whether you’re a seasoned business owner or new to the game, understanding these laws can assist in maintaining your business’s financial health while ensuring legal compliance. They have specialised knowledge and experience to handle such matters effectively, saving you time and resources.

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Collections Debtor Collection Agencies Collections Agency 52

Fico Collections

JANUARY 25, 2021

Customer identity management is most frequently confused with identity and access management, sometimes known as identity management, which is defined as “a framework of policies and technologies for ensuring that the proper people in an enterprise have the appropriate access to technology resources.” It’s important to note the differences.

Financial Institution 98

Financial Institution Banks Financial services 98

Collection Industry News

JUNE 12, 2023

Publish articles, blog posts, or white papers that address common debt collection challenges, compliance issues, or debt recovery strategies. Share these resources on your website and through social media channels to demonstrate your expertise. These collaborations can help generate leads and referrals.

Collection Agencies 40

Collection Agencies Collections Agency Debt Recovery Collections 40

Burr Forman

SEPTEMBER 14, 2020

The Council’s membership consists of 20-25 community-leaders in diverse fields that consist of medicine, real estate, insurance, education, financial services, accounting, media, law, small business, human resources, law enforcement, and ministry. Members are influential leaders with a demonstrated commitment to Bay Area Legal.

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Law Firms Foreclosure Financial services Education 52

Troutman Sanders

MARCH 17, 2022

These included a formal extension, enactment of temporary or “emergency” regulations, or adding compliance grace periods. Additional Resources. As it relates to the CPRA, Troutman Pepper issued a compendium on the CPRA, which provides an overview of the operational impact of the CPRA on existing CCPA compliance frameworks.

Government 52

Government Lawyers 52

Taurus Collect

AUGUST 15, 2023

They are up-to-date with the latest collection laws and regulations, ensuring compliance while effectively recovering your debts. It frees up resources and time that would otherwise be spent on the complex and time-consuming task of debt collection. Failure to adhere to these can lead to lawsuits and damage business reputation.

Third-party Debt Collectors 52

Third-party Debt Collectors Collections Debt collector Debt Recovery 52

Burr Forman

JULY 22, 2020

Greenville partner Jim Gilliam was recently appointed to serve on the Human Resources Committee for the South Carolina Chamber of Commerce. The Human Resources Committee meets bi-monthly to offer input and guidance to both the Legislative Agenda Task Force and Chamber staff on all legislative matters relating to human resources.

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Collection Industry News

MAY 24, 2023

Some key features to consider include automated workflows, customizable templates and documents, compliance management tools, integrated payment processing, reporting and analytics, and multi-channel communication capabilities. Ensure that the software aligns with your business processes and enhances efficiency and productivity.

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Collections Fair Debt Collection Secured debt 40

Collection Industry News

NOVEMBER 1, 2021

The CFPB has released several guidance documents on validation notices that are intended to facilitate compliance with requirements in the Regulation F debt collection final rules. Among the resources are an updated FAQ document with a new section that specifically addresses validation information for residential mortgage debts.

Fair Debt Collection 40

Fair Debt Collection Debt collector Banks Creditors 40

Debt Recoveries

FEBRUARY 5, 2023

Legal firms that focus on claims recoveries have the resources and expertise to successfully navigate the legal system. Legal companies can help to improve the odds of a successful recovery and reduce costs thanks to their knowledge, experience, and resources.

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Law Firms Debt Recovery Government Collections 75

True Accord

SEPTEMBER 1, 2022

Attention, resources, and bandwidth should be dedicated to what drives revenue and pushes your company’s goals forward. Retain comes pre-configured with everything you need to start collecting at scale: deliverability, a self-optimizing machine learning engine, code-based compliance, and digital expertise to drive engagement and commitment.

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Collections Creditors Loans 77

True Accord

APRIL 4, 2023

With the rapid increase of state privacy laws across the United States, any company that collects, uses, transmits, or receives consumer data has to stay up-to-date on all related compliance issues. Compliance with data privacy and data security requirements will continue to progress as new laws and regulations are passed.

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Collections Lawyers Financial services Banks 54

Collection Industry News

JUNE 12, 2023

These experts specialize in debt recovery and have the necessary skills and resources to handle difficult or stubborn debtors. Be sure to work with reputable agencies or attorneys who adhere to ethical collection practices and maintain compliance with relevant laws and regulations.

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Collections Debt Recovery Collection Agencies Collections Agency 61

UK debt collections

MARCH 2, 2022

He went on to consider whether to make Ms Meyer subject to a suspended sanction for contempt of court for that non-compliance. “I Required by the CPR to suspend the sentence, the judge ordered full compliance with the disclosure requirements and for Ms Meyer to attend court in person.

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Judgment Law Firms 86

Optio Solutions

FEBRUARY 3, 2020

Attendees will range from those involved in collection, compliance, recovery operations, risk, and strategy from 188 companies and organizations. CRS is produced by Resource Management Services, a consultant… The post Collection and Recovery Solutions Occurs May 2020 appeared first on Optio.

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Collections Creditors 52

Qualco

NOVEMBER 7, 2023

A significant factor to consider is regulatory compliance. Any non-compliance incident can result in severe penalties and damage the financial institution’s reputation. Moreover, this consideration significantly impacts resource allocation. It is, therefore, essential to navigate these strategies with utmost care and foresight.

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Troutman Sanders

JUNE 21, 2022

Director Chopra explains that complex rules, regulations, and guidance increase compliance costs, create loopholes, and disadvantage smaller companies competing with larger market players with market power or resources. The post also provides insight into Director Chopra’s perception of market participants.

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