Account Recovery

SEPTEMBER 15, 2020

Riding in an ambulance makes most people feel like they are the last one to leave a party at a restaurant, because they are getting stuck with the check, according to a published report that details how many emergency medical services are not covered by health insurance plans, leaving individuals, especially those suffering a medical … The post Ambulance Rides Driving Many Patients Into Collections: Report appeared first on AccountsRecovery.net.

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Nexa Collect

SEPTEMBER 15, 2020

The current COVID-19 pandemic and the drastic measures that governments undertook to slow the disease’s spread have devastated the global economy. Unemployment climbed precipitously in the pandemic’s early months. In the United States, it peaked in April at 14.7%, wiping out the previous decade’s gains in a matter of months. Businesses around the country and the globe were forced to close, with many remaining so today, or operating at a fraction of their average volume.

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Account Recovery

SEPTEMBER 15, 2020

The Attorney General of New York has reached a settlement with Transworld Systems which will see the collector pay $600,000 in restitution to affected individuals and make changes to how it collects on student loans. A copy of the settlement agreement can be accessed by clicking here. The allegations centered on collection practices between November … The post N.Y.

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Prosperity Now

SEPTEMBER 15, 2020

While the COVID-19 pandemic is causing a nationwide economic slowdown, it has hit small businesses particularly hard—especially those owned by

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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.

Account Recovery

SEPTEMBER 15, 2020

In a case that was first spotlighted by Manny Newburger from Barron & Newburger, a District Court judge in New York has granted a defendant’s motion to dismiss a class-action Fair Debt Collection Practices Act suit, mainly because he understood that, sometimes, you need both sides of the page to include everything that needs to … The post Judge Grants MTD in FDCPA Overshadowing Case appeared first on AccountsRecovery.net.

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Account Recovery

SEPTEMBER 15, 2020

N.Y. AG REACHES $600k SETTLEMENT WITH STUDENT LOAN COLLECTOR The Attorney General of New York has reached a settlement with Transworld Systems which will see the collector pay $600,000 in restitution to affected individuals and make changes to how it collects on student loans. JUDGE GRANTS MTD IN OVERSHADOWING CASE In a case that was … The post Daily Digest – September 15.

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Student loans Student Loans Loans Collections 147

Titan Consulting

SEPTEMBER 15, 2020

Key Takeaways. Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. Therefore, creditors of unsecured debt are often willing to accept less than the full balance owed if you are unable to pay off the balance in full.

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Credit Card Debt Debt settlement Debt collector Creditors 84

Consumer Finance

SEPTEMBER 15, 2020

The Consumer Financial Protection Bureau filed a proposed stipulated judgment against PEAKS Trust 2009-1, along with Deutsche Bank National Trust Company, Deutsche Bank Trust Company Delaware, and Deutsche Bank Trust Company Americas, in their capacity as trustees to PEAKS Trust 2009-1 (collectively, “PEAKS”).

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Nerd Wallet

SEPTEMBER 15, 2020

Travel lovers, buckle up: The Chase Sapphire Preferred® Card, a favorite among jet-setters, has increased its sign-up bonus offer. As of Sept. 15, 2020, new applicants will be eligible to earn 80,000 points after spending $4,000 on purchases in the first three months from account opening — a 20,000-point boost from the card’s previous offer for new.

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Collections

Troutman Sanders

SEPTEMBER 15, 2020

On September 4, 2020, the Second Circuit Court of Appeals overturned summary judgment granted to a debt collector who had sent collection documents to the wrong person, ruling that it was not entitled to the bona fide error defense because it lacked procedures governing the factual mistake. Chiari & Ilecki (“C&I”) attempted to collect a debt from William J.

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Nerd Wallet

SEPTEMBER 15, 2020

Chase recently announced a change to its credit card lineup with the addition of the Chase Freedom Flex® card. The Chase Freedom Flex card will be Chase’s replacement for the Chase Freedom® card, which will close to new applicants. Here’s an overview of this new card and how to get it, followed by a quick. Dan Miller is a writer at NerdWallet. Email: travel@nerdwallet.com.

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Troutman Sanders

SEPTEMBER 15, 2020

September 29, 2020. 2pm – 3pm ET. Join us on Tuesday, September 29th as a panel of Troutman Pepper class action litigators examine recent developments in class action litigation in 2020 and provide insights on what the future holds. The panel will dive into the major decisions that were rendered this past year, and explore ways for class action practitioners and in-house counsel to effectively and efficiently manage class actions.

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Nerd Wallet

SEPTEMBER 15, 2020

You’ll be automatically enrolled in Medicare at age 65 if you’re already receiving Social Security. If you aren’t receiving those benefits, you can enroll in one of three ways: Applying online at Social Security’s site. Calling Social Security at 1-800-772-1213. Visiting a local Social Security office in person. The online application typically takes less than.

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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?

Banks

FFGN COLLECT NY

SEPTEMBER 15, 2020

Ms. Jocelyn Nager, Esq. , the managing partner of Frank, Frank, Goldstein & Nager, has been awarded an AV Preeminent rating by Martindale-Hubbell for 2020. An AV Preeminent rating is the highest possible rating a lawyer can receive. Ratings are determined through a strenuous peer-review process from members of the Bar and judiciary. Those who receive an AV Preeminent rating hold the highest rankings in both legal ability and ethical standards.

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Nerd Wallet

SEPTEMBER 15, 2020

Chase has announced the 5% quarterly bonus categories for the Chase Freedom® and the brand-new Chase Freedom Flex, and they could come in handy for holiday shoppers. From Oct. 1 through Dec. 31, 2020, both cards will earn 5% cash back on up to $1,500 in combined spending on: PayPal. Walmart. Cardholders must activate the categories online to receive.

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NCBA Law Practice Management Blog

SEPTEMBER 15, 2020

Lawyers tend to be inefficient, and have difficulty engaging both leads and clients. These hurdles are apparent when it comes to the scheduling process. Attorneys and staff onboard leads for meetings, and schedule appointments with existing clients, via strings of emails -- and, delayed response s only extend the conversation, and the time frame. And, while this is detrimental for client s (who demand speed and convenience), it’s even worse for leads, who may never convert, if they’re not onboar

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Consumer Finance

SEPTEMBER 15, 2020

The Consumer Financial Protection Bureau released its Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act governing small business lending data collection and reporting.

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Collections

Micro Bilt

SEPTEMBER 15, 2020

When it comes to risk management for businesses, the new main concern is the old main concern – fiscal uncertainty.

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Banks 52

Burr Forman

SEPTEMBER 15, 2020

Birmingham Partner Beth Shirley has been recognized in the Birmingham Business Journal’s 2020 “Best of the Bar Award for Excellence in the Legal Profession.” Those selected to the “Best of the Bar” are recognized as Birmingham’s brightest legal minds. These individuals not only excel within their practice area and firm but also give back to their community.

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Fraser

SEPTEMBER 15, 2020

This is part two of a two-part blog post series on cottage succession planning in Michigan. As summer winds down, the second-home market continues to heat up in Michigan. One of the issues many second-home owners face is determining the best way to keep a family cottage in the family for generations to come. In this series on cottage planning in Michigan, we are addressing that very issue.

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Creditors Banks 68

Burr Forman

SEPTEMBER 15, 2020

In Episode 4 of the Labor and Employment Podcast Series, Burr partners Katy Willis and Emily Mack, take a deeper dive into regulations as it relates to the enforcement of face coverings for employers and customers. They discuss designs on masks worn by employees, as well as how dress code policies and potential discrimination can come into play as it relates to this protective wear.

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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.

PDC Flow

SEPTEMBER 15, 2020

Your business plan impacts every aspect of your agency’s day-to-day operations and long-term decisions. Although traditional approaches have worked in the past, technology, changing consumers, and current events are all forcing a shift in debt collection. It’s time to embrace a digital accounts receivable strategy to keep your business moving forward.

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Account Recovery

SEPTEMBER 15, 2020

The Senate Commerce Committee is expected to markup a number of bills during a hearing tomorrow, including S. 4159, the E-SIGN Modernization Act, which was introduced this past summer by a trio of Republicans. The bill, which would make it easier for individuals to consent to receiving certain electronic documents, like account information and contracts, … The post Senate Committee to Mark Up E-SIGN Modernization Bill Tomorrow appeared first on AccountsRecovery.net.

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Debt

SEPTEMBER 15, 2020

Veterans indebted to the Department of Veterans Affairs won a partial payment reprieve this summer that will last at least through the end of 2020. The VA action extends a moratorium on debt collection that President Trump enacted in April, a measure aimed at helping veterans impacted by the coronavirus pandemic. The action also gives […]. The post VA Offers COVID-19 Debt Relief to Veterans Through 2020 appeared first on Debt.org.

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