Tue.Jul 30, 2024

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Daily Digest – July 30. Collector Sued for Contacting Plaintiff’s Family Members; Hundreds of New Comments Filed on Medical Debt Credit Reporting Proposal

Account Recovery

Collector Sued for Contacting Plaintiff’s Family Members Hundreds of New Comments Filed on Medical Debt Credit Reporting Proposal Judge Grants Motion to Compel Arbitration After Letter Sent to Collect on Satisfied Debt Cost of Data Breach Rises to Nearly $5M: Report WORTH NOTING: Inflation may be causing consumers to cut back, but they are still […]

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Collector Sued for Contacting Plaintiff’s Family Members

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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Hundreds of New Comments Filed on Medical Debt Credit Reporting Proposal

Account Recovery

Comments are currently being accepted regarding the Consumer Financial Protection Bureau’s proposed rule that would prohibit creditors from using medical debts when determining whether a consumer is eligible for credit. The comment period is open until August 12.

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Judge Grants Motion to Compel Arbitration After Letter Sent to Collect on Satisfied Debt

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to compel arbitration in a dispute involving a collection agency and a consumer, after the agency sent a collection letter to the plaintiff to collect on a debt that had already been satisfied by a judgment.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Cost of Data Breach Rises to Nearly $5M: Report

Account Recovery

The global average cost of a data breach stands at $4.88 million — a 10% increase from the previous year, according to a report released by IBM and the Ponemon Institute. This surge, driven by business disruption and post-breach responses, underscores the critical need for robust cybersecurity measures.

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