Fri.Oct 27, 2023

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Half of Working-Age Americans Struggling to Pay for Healthcare

Account Recovery

The Commonwealth Fund released a report yesterday on healthcare affordability, which is based on a survey it conducted of more than 6,000 consumers nationwide. Many Americans are struggling to afford healthcare and one-third of the survey’s respondents said they were overwhelmed with medical debt. Here are some of the survey’s key findings.

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Tips and Best Practices for a Successful Deposition

Jimerson Firm

Getting Your Deposition Taken The thought of sitting for a deposition, whether you’re a litigant or a third-party witness, can be quite daunting, especially if you’ve never been through the process before. Keep in mind, however, that a deposition is simply part of the fact-finding process. The purpose of a deposition is for the deposing attorney to learn facts about the case.

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Collector Sued for Disclosing Debt Would be Removed if Paid, but Wasn’t on Credit Report to Begin With

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Can I file for bankruptcy again?

Roths Child Law

Many people struggle to pay off their debts. This can happen, for example, after people can’t pay off credit cards and struggle to recover from late fees. Or, to people who suffer from an injury and face medical bills but then face unemployment because of their medical condition. Bankruptcy is a tool debtors can use to resolve their debt obligations.

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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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N.J. Appeals Court Affirms Dismissal of FDCPA Case for Lack of Jurisdiction

Account Recovery

The Appellate Division of the Superior Court of New Jersey has affirmed a lower court’s ruling in favor of a defendant that was sued in New Jersey small claims court for violating the Fair Debt Collection Practices Act, agreeing with the lower court that the suit was filed in the wrong jurisdiction.

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Judge Expands Injunction Blocking Enactment of CFPB’s Small Business Lending Rule

Account Recovery

A federal judge in Texas has expanded the stay against the Consumer Financial Protection Bureau’s plan to enforce a rule designed to combat gender and racial discrimination in small business lending to cover all financial institutions impacted by the rule.

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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations. Rite Aid also said lenders agreed to extend $3.45 billion in new funding to “provide sufficient liquidity” as it embarks on its restructuring plan.

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Daily Digest – October 27. Collector Sued for Disclosing Debt Would be Removed if Paid, but Wasn’t on Credit Report to Begin With; N.J. Appeals Court Affirms Dismissal of FDCPA Case for Lack of Jurisdiction

Account Recovery

Collector Sued for Disclosing Debt Would be Removed if Paid, but Wasn’t on Credit Report to Begin With N.J.

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Burnout: The Corporate Vampire Sucking Life from Your Employees

NACM

?️ On today's episode of NACM's Extra Credit podcast.?‍♂️ Burnout has become a corporate vampire, draining the life out of employees through emotional exhaustion and lost productivity.

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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.