Account Recovery

JUNE 7, 2021

Transworld Systems Inc. (TSI) continued its acquisition binge last week, announcing on Friday evening that it had closed on its purchase of Account Control Technology Holdings, which had 20 offices and nearly 4,000 employees at one time. While terms of the deal were not disclosed, sources estimated that TSI paid between $140 million and $150 … The post TSI Continues Acquisition Binge, Buying Account Control Technology appeared first on AccountsRecovery.net.

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Acquisition 246

Nerd Wallet

JUNE 7, 2021

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of credit cards that offer rewards in cryptocurrency. Then we pivot to this week’s question from a listener who emailed us asking: “ETFs or index funds: Which of the above is better for short-term investing?”. Liz Weston writes for NerdWallet.

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Account Recovery

JUNE 7, 2021

The governor of Nevada has signed a bill into law that will affect how medical debts are collected in the state. The new law goes into effect on July 1. Under the law, any debt owed for good or services provided by a medical facility, a provider of healthcare, or a provider of emergency medical … The post Nevada Gov. Signs Healthcare Collection Bill into Law appeared first on AccountsRecovery.net.

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Nerd Wallet

JUNE 7, 2021

Medicare Supplement Insurance, or Medigap, is insurance that pays for some costs that aren’t covered in Original Medicare. A Medigap plan might (for instance) cover copayments, coinsurance or deductibles you owe under Original Medicare. Medigap plans operate as additional — not primary — insurance coverage. You must have Medicare Part A and Part B to.

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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

JUNE 7, 2021

APPEALS COURT REVERSES LOWER COURT RULING, AFFIRMS AVILA DISCLOSURE NOT REQUIRED WHEN MAKING SETTLEMENT OFFER The Second Circuit Court of Appeals has overturned a lower court’s decision and remanded a case back to a District Court judge to enter judgment in favor of a defendant in a Fair Debt Collection Practices Act case, ruling that … The post Daily Digest – June 7.

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Account Recovery

JUNE 7, 2021

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Nerd Wallet

JUNE 7, 2021

If you want a lower mortgage rate but the upfront costs or other requirements have made you hesitant, new refinance options from Fannie Mae and Freddie Mac might entice you to take the plunge. Fannie Mae’s RefiNow and Freddie Mac’s Refi Possible were developed specifically to help lower-income homeowners save money on their mortgages. RefiNow. Kate Wood writes for NerdWallet.

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Loans 81

Account Recovery

JUNE 7, 2021

The Second Circuit Court of Appeals has overturned a lower court’s decision and remanded a case back to a District Court judge to enter judgment in favor of a defendant in a Fair Debt Collection Practices Act case, ruling that the defendant did not have to notify the plaintiff that the balance owed may be … The post Appeals Court Reverses Lower Court Ruling, Affirms Avila Disclosure Not Required When Making Settlement Offer appeared first on AccountsRecovery.net.

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Credit Corp

JUNE 7, 2021

You found your dream home, but now comes the hard part: figuring out your mortgage. Two common loan options are conventional and FHA loans. A Federal Housing Administration loan, or FHA loan, is insured by the federal government. A conventional loan is not. The backing of the federal government makes FHA loans a bit easier to qualify for because they’re considered less risky for lenders.

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Loans Chapter 7 bankruptcy Lender Government 98

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Collections

Account Recovery

JUNE 7, 2021

A large disconnect remains between healthcare providers and patients when it comes to the financial side of their relationship, according to the results of a recently released survey, which details how providers can do a better job of meeting their patients’ expectations before, during, and after visits to a doctor’s office or hospital. The survey, … The post Financial Barriers Eroding Patient Trust in Healthcare System: Survey appeared first on AccountsRecovery.net.

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Healthcare 147

Collection Industry News

JUNE 7, 2021

Source: site. The Colorado legislature has passed a Democratic bill that would make it easier for financially struggling tenants to stave off eviction. SB21-173 will head to Gov. Jared Polis, whose office has not responded to a request for comment on whether he’ll sign it into law. The bill guarantees renters a weeklong grace period before they could be charged late fees.

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Collections 75

Nerd Wallet

JUNE 7, 2021

Although Etihad is best known for its luxurious premium cabins, Etihad economy class could be your ticket to stretching your hard-earned dollars (or miles). Knowing the ins and outs of Etihad economy can help you save money and travel in more comfort. This Etihad economy overview will give you all the info you need to. Rand Shoaf writes for NerdWallet.

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CSA

JUNE 7, 2021

iPSL have a proven track record of digital payment processing, working with clients across the financial services sector, handling approx. 160 million transactions every year. Managing data, risks and preventing fraudulent activity is one of the company?s major strengths and is critical to the business. Katrina Flunder, Learning & Engagement Partner at iPSL, said: ?

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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

Nerd Wallet

JUNE 7, 2021

If you’ve worked hard to achieve and maintain a good credit score, it can be upsetting to see it drop. But “life happens, and sometimes how you react is going to blow back and affect your credit score,” says credit expert John Ulzheimer. People lose jobs, cars break down and pipes leak. Credit may be. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

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On Guard

JUNE 7, 2021

Bad debt can have catastrophic consequences for any business, with different industries each having their own vulnerabilities. For example, for organisations that provide machinery, vehicles and other costly assets, the threat of these going missing is a serious concern. PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company.

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Nerd Wallet

JUNE 7, 2021

Both Xero and QuickBooks Online are powerful accounting solutions for most small businesses. Even so, there are a few distinguishing factors worth considering so you can feel confident about your decision now and down the road. QuickBooks Online is the stronger candidate for business owners who prioritize scalability and the ability to easily loop in.

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Burr Forman

JUNE 7, 2021

TAMPA, June 2, 2021 – Burr & Forman LLP Tampa-based partner Jacqueline Simms-Petredis has been elected to serve as president-elect of the Hillsborough County Bar Association (HCBA). She was sworn in during a hybrid in-person and remote event on June 2 and will serve a one-year term before succeeding Cory Person as president in 2022. Prior to assuming her role as president-elect, Simms-Petredis served three consecutive two-year terms on the HCBA board of directors beginning in June 2015.

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Collections

Nerd Wallet

JUNE 7, 2021

The U.S. Small Business Administration provides loan products, including multiple lines of credit, through private lenders to help small-business owners thrive. SBA lines of credit can be worth up to $5 million, and this type of small-business loan is typically best if you need short-term working capital to weather seasonal ups and downs or overcome.

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Lender Loans 52

Troutman Sanders

JUNE 7, 2021

In Teitelbaum v. I.C. Sys. , a New York district court granted a defendant’s motion to dismiss in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized that the least sophisticated consumer standard may not be invoked to support the proposition that a collection letter is ambiguous in situations where the interpretation, in context of a reading of the entire letter, is clearly illogical or “tortured and ‘idiosyncratic.'” In that case, the

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Nerd Wallet

JUNE 7, 2021

The Leading Hotels of the World is a collection of more than 400 of the world’s finest hotels, including palace hotels, boutique and design properties, and beach resorts. Its loyalty program is called Leaders Club and, like other hotel loyalty programs, it offers a range of perks. But one notable difference sets it apart from. Ramsey Qubein writes for NerdWallet.

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Collections 52

Troutman Sanders

JUNE 7, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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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.

Burr Forman

JUNE 7, 2021

Reprinted with permission from the Birmingham Medical News. On April 5 th , the final information blocking rules issued by the Office of National Coordinator (“ONC”) took effect, leaving providers with numerous questions regarding what information has to be released, to whom, and how quickly. The information blocking rules, enacted as part of the 21 st Century Cures Act, prohibit a healthcare provider, among other “actors” as defined in the rules, from taking any action t

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Healthcare 52

Public Citizen

JUNE 7, 2021

by Jeff Sovern. The report is titled Where White Men Rule: How the Secretive System of Forced Arbitration Hurts Women and Minorities. CNBC has a story here. Here's an excerpt from the report: Arbitrators in consumer and employment cases are mostly male and overwhelmingly white. At AAA and JAMS, the two largest consumer and employment arbitration providers in the country, 88% of arbitrators are white and 77% are male. * * *.

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Collection Industry News

JUNE 7, 2021

A new federally backed program featuring some of the nation’s biggest banks aims to help you open a credit card even if you have no credit score. Banks such as JPMorgan Chase, Wells Fargo and U.S. Bancorp could begin a pilot program this year that evaluates information from applicants’ checking and savings accounts to increase the chances of card approval, according to The Wall Street Journal.

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Micro Bilt

JUNE 7, 2021

Today, lenders must turn to more secure methods for conducting business. Instant bank account verification solutions may be the answer you're looking for. Keep reading to learn how this can help you make smart lending decisions.

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Credit Unions