Fri.Mar 19, 2021

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Oklahoma Senate Passes Medical Collection Bill

Account Recovery

The Oklahoma Senate has passed a bill that would prohibit healthcare providers from reporting unpaid debts to a credit reporting agency or placing them with a collection agency unless the patient was provided with a “good faith estimate” of the cost of the services prior to them being rendered. The bill, SB548, was approved in … The post Oklahoma Senate Passes Medical Collection Bill appeared first on AccountsRecovery.net.

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How Effective is Your Business' Accounts Receivable Department?

Enterprise Recovery

Whether you're managing a growing accounts receivable department or you're an A/R department of one, it's important to measure the effectiveness of your efforts. Is your A/R team doing all of the right things to get paid consistently and on time? Read further to evaluate your department's effectiveness and considerations to get even better. How effective is your business' accounts receivable department?

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Judge Grants MSJ, MTD in FDCPA Cases Over Disputed Debts

Account Recovery

A District Court judge in Mississippi has granted a defendant’s motion for summary judgement and a motion to dismiss two consolidated cases in which a debt collector was accused of violating the Fair Debt Collection Practices Act because it did not properly flag accounts as being disputed when furnishing information to credit reporting agencies.

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Deep Breath and Dial: How Phone Calls Can Save You Money

Nerd Wallet

Sean McAuliffe’s business, International Key Supply, suffered financially when the pandemic began. So he set out to cut operating costs for the New York-based distribution company. He canceled a few services, and for more important ones, he contacted the providers to request deferred or lowered bills. First, he emailed, only to receive unhelpful replies.

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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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Daily Digest – March 19. Judge Grants MSJ for Plaintiff Over Status of Debt; Toomey Blocks Anti-Garnishment Law

Account Recovery

JUDGE GRANTS MSJ FOR PLAINTIFF OVER STATUS OF DEBT BECAUSE CREDITOR CANCELED ACCOUNT A District Court judge in New York has granted a plaintiff’s motion for summary judgment after it sued a debt collector for allegedly violating the Fair Debt Collection Practices Act by sending two collection letters to the plaintiff, determining that the plaintiff … The post Daily Digest – March 19.

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Judge Grants MSJ For Plaintiff Over Status of Debt Because Creditor Canceled Account

Account Recovery

A District Court judge in New York has granted a plaintiff’s motion for summary judgment after it sued a debt collector for allegedly violating the Fair Debt Collection Practices Act by sending two collection letters to the plaintiff, determining that the plaintiff must have been correct when he claimed that he did not owe the … The post Judge Grants MSJ For Plaintiff Over Status of Debt Because Creditor Canceled Account appeared first on AccountsRecovery.net.

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5 Top Credit Cards With Anniversary Bonuses

Nerd Wallet

Travel rewards credit cards offer all kinds of perks to attract your business. But only some reward you for sticking around by giving you a specific perk every year on your cardholder anniversary. In a lot of cases, these anniversary bonuses are more valuable than you might guess. Here are the top credit cards with. Dustin Waller writes for NerdWallet.

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Toomey Blocks Anti-Garnishment Legislation From Moving Forward in Senate

Account Recovery

Previously, on “All My Garnishments” we saw several characters rush to protect the economic stimulus funds that have started landing in consumers’ bank accounts from being garnished by big, bad debt collectors. In today’s episode, Sen. Pat Toomey [R-Penn.], the ranking member of the Senate Banking Committee, blocked legislation that was introduced a day earlier … The post Toomey Blocks Anti-Garnishment Legislation From Moving Forward in Senate appeared first on Acco

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Does the bar exam protect the public or just punish would-be lawyers?

Public Citizen

Regulation of lawyers is supposed to protect the public. So, then, with the bar exam, which is supposed to protect consumers by keeping unskilled lawyers out of the market. Does it work? That's the topic of Safeguard or Barrier: An Empirical Examination of Bar Exam Cut Scores by Michael Frisby, Sam Erman, and Victor Quintanilla. Here's the abstract: In 2019 more than forty percent of aspiring law school graduates failed the bar exam.

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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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USAA Homeowners Insurance Review 2021

Nerd Wallet

One of the largest home insurers in the country, USAA offers policies to active military members, veterans and their families. USAA home insurance policies include coverage that often costs extra when issued by other companies, but even so, the company’s rates are still lower than the national average, according to NerdWallet’s rate analysis. If you’re.

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From Excel to Excelling with Credit Management Software

On Guard

From Excel to Excelling with Credit Management Software. It may come as a surprise, but a large number of businesses still rely on Excel for credit management. The UK, in particular, seems to be behind the rest of the world in adopting credit management software, relying instead on excel spreadsheets. However, companies are looking to the future. As a result, they are updating their systems and moving away from legacy systems.

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Citizens Bank Business Checking: 2021 Review

Nerd Wallet

Citizens Bank’s Clearly Better Business Checking has no monthly service fee or minimum opening deposit, making it an appealing option for small-business owners who live in the bank’s service area. Citizens Bank operates in 11 states throughout New England, the mid-Atlantic and the Midwest. Citizens Bank business checking is best for small-business owners who: Live.

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District Court Finds Seminar Invitation Faxes Are Not Advertisements

TCPA

Recently, the Northern District of Illinois dismissed a TCPA putative class action without prejudice, finding that faxes inviting recipients to attend free continuing education veterinary seminars did not constitute advertisements on their face because they did not promote products or … Continue reading →

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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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Citizens Bank Business Checking: 2021 Review

Nerd Wallet

Citizens Bank’s Clearly Better Business Checking has no monthly service fee or minimum opening deposit, making it an appealing option for small-business owners who live in the bank’s service area. Citizens Bank operates in 11 states throughout New England, the mid-Atlantic and the Midwest. Citizens Bank business checking is best for small-business owners who: Live.

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LA Times' David Lazarus: AT&T’s new arbitration clause isn’t doing you any favors

Public Citizen

Here.  It might be behind a paywall, but you can find it on Lexis. I enjoyed and recommend the whole column, but here's an excerpt: Jim Kimberly, an AT&T spokesman, told me that "arbitration is a faster, less expensive, easier means of resolving disputes." * * *. For businesses, arbitration is indeed faster, cheaper and easier than dealing with complex, potentially costly lawsuits, particularly class actions involving numerous plaintiffs.

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6 Best Banks for Small Business in California

Nerd Wallet

There are more than 400 banks and credit unions operating in California. That’s enough to make small-business owners’ heads spin when trying to find a bank that meets their needs. We took some of the work off your plate by evaluating dozens of financial institutions to find the best banks for small business in California. Kelsey Sheehy writes for NerdWallet.

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Domesticating a Foreign Country Judgment in New York

FFGN COLLECT NY

Domesticating a foreign country judgment in New York is possible though the rules are different than domesticating a judgment entered in another U.S. state or territory. If you have a judgment entered in another U.S. state or territory, the methods for entering the judgment in New York are clear according to the civil rules. If the judgment was entered “on the merits” with an appearance by the defendant in the state or territory where the original case was brought, then the judgment

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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.

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How to Maximize the Wells Fargo Propel AmEx Card

Nerd Wallet

When it comes to the Wells Fargo Propel American Express® card, it’s easy to get a lot of value. The card includes 3 points per dollar spent on many popular categories and 1 point per dollar on purchases everywhere else. It also comes loaded with valuable benefits, including purchase protections, travel-related insurance and no foreign. Eric Rosenberg writes for NerdWallet.

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Domesticating a Foreign Judgment in New York

FFGN COLLECT NY

If you have a judgment entered in another U.S. state or territory, the methods for entering the judgment in New York are clear according to the civil rules. If the judgment was entered “on the merits” with an appearance by the defendant in the state or territory where the original case was brought, then the judgment can be docketed in New York with a notice to the judgment debtor that the judgment has been docketed in the state.

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What You Need to Know About World of Hyatt’s Milestone Rewards

Nerd Wallet

If travel is an art, then the World of Hyatt loyalty program is like an impressionist painting: the more you look at it, the more details you notice and appreciate. In other words, while many of the program’s benefits are obvious, there are a few perks that could use closer inspection and more explanation. One. Kendra Collins writes for NerdWallet. Email: travel@nerdwallet.com.

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Department of Education to cancel approx. $1 billion in student-loan debt

Public Citizen

Department of Education has announced that it will forgive the student-loan debt of borrowers whose borrower-defense claims have already been approved. The announcement is here. Under the law, students who attended schools that misled them or engaged in other misconduct in violation of certain state laws are eligible for borrower defense to loan repayment forgiveness, or "borrower defense.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Travelers Renters Insurance Review 2021

Nerd Wallet

With a wide range of discounts, a user-friendly website and policies available in most states, Travelers renters insurance is a solid option to cover an apartment or rental home. The company has been in business since 1864. Travelers renters insurance pros and cons ProsCons Useful features on website and appRelatively few add-on coverage options Numerous.

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