Wed.Aug 31, 2022

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Ed. Department Discharges All Westwood College Loans

Account Recovery

The Department of Education yesterday announced it was discharging $1.5 billion of student loans for all of the 79,000 individuals who attended Westwood College between 2002 and 2015, ruling that the school “engaged in widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.” The student loans will be discharged regardless … The post Ed.

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Study Shows Medical Debt Can Affect Your Health

Sawin & Shea

Most people have noticed that when one thing goes wrong, several other things invariably follow. There’s even a common expression describing the experience: “When it rains, it pours.” Unfortunately, medical debt is no exception. It can easily precipitate a resulting series of unfortunate events, one of them (ironically) being poor health. This is more than perception; it is a documented phenomenon, explored most recently in a 2021 research study from The Sycamore Institute.

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Daily Digest – August 31. Judge Grants MTD in FDCPA Case Over Text Messages; Ed. Dept. Cancels More Student Loans

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER TEXT MESSAGES The plaintiff filed suit after receiving text messages from the defendant, but accidentally named the wrong defendant in the wrong jurisdiction. After correcting the error and re-filing, the correct defendant noted that the statute of limitations had expired and filed a motion to dismiss, which the … The post Daily Digest – August 31.

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What Are the 6 Types of Bankruptcy?

Nerd Wallet

Bankruptcy, often considered a last financial resort, is a legal process that can help alleviate outstanding debts for individuals and businesses. Reasons to file for bankruptcy can include divorce, job loss, exorbitant medical bills or credit card debt. There are several types of bankruptcy — six, as a matter of fact. The two most common. Tiffany Curtis writes for 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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26 Companies Seeking Collection Talent

Account Recovery

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. This is merely meant … The post 26 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Capio Announces New Strategic Focus on Financial Wellness

Account Recovery

ATLANTA, Aug. 30, 2022 — Capio, one of the country’s largest acquirers of non-performing healthcare accounts receivable, today announced a series of organizational changes to support its new mission: to help people burdened with medical debt achieve long-term financial wellness. As experts specializing in patient medical debt resolution and cash funding for care providers, Capio’s executive team saw … The post Capio Announces New Strategic Focus on Financial Wellness appe

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This Overlooked Type of Travel Insurance Could Be a Lifesaver

Nerd Wallet

If you get injured or sick during your trip, travel insurance can come to your rescue by reimbursing the cost of prepaid travel arrangements, like a hotel room, rental car or airfare. But it won’t necessarily cover the actual costs to get medical treatment, nor will it always cover the cost of transportation to get. Sally French writes for NerdWallet.

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Lawsuit Volume, Complaint Totals Keep Falling: WebRecon

Account Recovery

Consumers appear to have a lot less to be upset about these days, at least as it relates to companies in the accounts receivable management industry. The number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act continue to plummet, as do the … The post Lawsuit Volume, Complaint Totals Keep Falling: WebRecon appeared first on AccountsRecovery.net.

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10 Best Travel Insurance Companies in September 2022

Nerd Wallet

Whether you’re looking for an international travel insurance plan, emergency medical care, COVID coverage or a policy that includes extreme sports, these are the best travel insurance providers to get you covered. If you already have an insurer in mind or just want to learn more about some of the best travel insurance companies, take. Meg Lee writes for NerdWallet.

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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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Judge Grants MTD in FDCPA Case Over Text Messages

Account Recovery

A lesson to plaintiffs everywhere – make sure to mind your P’s and Q’s. A District Court judge in Georgia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the statute of limitations on the alleged violation had expired because the plaintiff first filed the suit in a … The post Judge Grants MTD in FDCPA Case Over Text Messages appeared first on AccountsRecovery.net.

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Do Fuel Additives Work?

Nerd Wallet

Do fuel additives work? It can be difficult to know for sure without taking apart your engine or tracking data over time. Most automotive experts agree that properly maintained newer cars won’t benefit much from aftermarket fuel additives (the kind you add to your gas tank). These vehicles may show small benefits in longevity and. Whitney Vandiver writes for NerdWallet.

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DelBene Tax Prep Dispatch - How VITA sites can increase their VITA Grant totals and help families using GetCTC referrals

Prosperity Now

GetCTC.

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Best Chase Credit Card Offers for Travelers

Nerd Wallet

Are you looking for the best Chase credit card offer? Chase has a variety of different credit cards for travelers, including many co-branded options. However, there are just two consumer cards that earn Chase Ultimate Rewards®, a transferable point currency you can use to purchase travel, gift cards or get cash back. Let’s take a. Carissa Rawson writes for NerdWallet.

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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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Rise in fraud causing Courts backlog

UK debt collections

During the first half of 2022, the value of alleged fraud cases exceeding £100k heard in UK Crown Courts soared by almost 300% compared to the first six months in 2021, rising from £137.4m to a staggering £532.6m. This is above the total value of alleged fraud seen in Crown Courts during the whole of 2021, which reached almost £445m, demonstrating that the eruption of fraud sweeping the UK is showing no sign of slowing according to new research by KPMG.

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10 New NYC Hotels You Can Book With Points

Nerd Wallet

New York City is back and better than ever thanks to a slew of new hotels that have opened since the pandemic halted travel. With different price points, travelers to the most populous U.S. city have plenty of opportunities to earn and redeem points during their visit. It’s not just in Midtown Manhattan where new. Ramsey Qubein writes for NerdWallet.

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Eurozone Inflation Hits 9.1% Record High in August

NACM

Inflation hit a new record of 9.1% this month in European countries that use the euro currency. Economists say this is caused by a sharp rise in energy prices due to the Russia-Ukraine war. Annual inflation in the eurozone's 19 countries rose from 8.9% to 9.1% in just one month from July to August, according to the European Union statistics agency.

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