Wed.May 17, 2023

article thumbnail

23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

article thumbnail

Case Update: Tenth Circuit Affirms District Court Decision Requiring Substantial Changes to Health Plan Denial Letters

Troutman Sanders

As discussed here , D.K. et al. v. United Behavioral Health et al. is a case that has been carefully watched in the health benefits space for its potential to change what health plan administrators must include in adverse benefit determination letters. On May 15, 2023, the Tenth Circuit issued its opinion affirming the district court and significantly heightening the notification requirements for adverse benefit determinations on medical necessity grounds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Plaintiffs Voluntarily Dismiss FDCPA Suits Over Failure to Remove Dispute Flags

Account Recovery

Is there a light at the end of the tunnel for companies facing claims that they did not remove a dispute notification from an account after a consumer rescinded a dispute?

article thumbnail

An NYC Model for Expanding Free Tax Assistance to Small Business Owners

Prosperity Now

Elina Tatis is the Senior Program Manager of New York City’s Office of Financial Empowerment (OFE) within NYC’s Department of

98
article thumbnail

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.

article thumbnail

RCM Provider to Pay $350k to Settle HIPAA Investigation After Data Breach

Account Recovery

The Department of Health and Human Services’s Office for Civil Rights yesterday announced a $350,000 settlement with a revenue cycle management company that suffered a data breach back in 2018 and was accused of potentially violating the Health Insurance Portability and Accountability Act (HIPAA).

More Trending

article thumbnail

Penn. AG Reaches $11M Settlement With RTO Company Over Lending, Collection Tactics

Account Recovery

The Attorney General of Pennsylvania has announced an $11 million settlement with a rent-to-own lender accused of engaging in predatory practices against low-income borrowers and engaging in deceptive collection practices. A copy of the settlement with Snap Finance can be accessed by clicking here.

article thumbnail

Documents Required to File a Consumer Credit Debt Collection Case

FFGN COLLECT NY

Legislative changes affecting consumer collections for consumer credit transactions recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). The reforms were then codified into law through updates to the Civil Practice Law and Rules of New York. As a result, the law specifies documents required to file a consumer debt collection case in New York.

article thumbnail

Daily Digest – May 17. Plaintiffs Voluntarily Dismiss FDCPA Suits Over Disputes; RCM Provider to Pay $340k to Settle HIPAA Investigation After Breach

Account Recovery

PLAINTIFFS VOLUNTARILY DISMISS FDCPA SUITS OVER FAILURE TO REMOVE DISPUTE FLAGS Is there a light at the end of the tunnel for companies facing claims that they did not remove a dispute notification from an account after a consumer rescinded a dispute?

130
130
article thumbnail

AI: Impact and Use in the Financial Services Industry – Crossover Episode with Regulatory Oversight Podcast

Troutman Sanders

Financial services companies are using AI to assist with many business processes, including underwriting decisions, consumer credit approval, servicing and collections, loss mitigation programs, customer interaction on websites and mobile apps via chatbots, and in detecting fraud. In this fourth episode, Stephen Piepgrass and colleagues Chris Willis and Michael Yaghi examine the use and impact of AI in the financial services industry.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Documents Required to File a Consumer Debt Collection Case

FFGN COLLECT NY

Legislative changes affecting consumer collections for tuition recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). The reforms were then codified into law through updates to the Civil Practice Law and Rules of New York. As a result, the law specifies documents required to file a consumer debt collection case in New York.

article thumbnail

High-Risk Business with Stripe, PayPal, Square, Venmo

Payment Savvy

Certain activities, or the industry you work in, may cause payment processors to characterize your merchant account as high risk. It isn’t uncommon for some businesses to process online payments and get higher-than-average returns, but your reputation and industry play an important role. Having your merchant account suspended will undoubtedly lead to revenue loss and customer satisfaction, so knowing how to avoid the ban is pivotal.

article thumbnail

Mortgage rates rise as debt ceiling standoff drags on

Collection Industry News

Mortgage rates are beginning to feel the impact of the debt-ceiling standoff, jumping higher for the second week in a row amid the uncertainty. The 30-year fixed-rate mortgage averaged 6.57% in the week ending May 25, up from 6.39% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.10%. “The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” said Sam Khater,

Lender 40
article thumbnail

Member Spotlight: Credit Executive of Distinction

NACM

What makes a credit professional stand out amongst the crowd? One great example is late leader and visionary O. D. Glaus, who embodied vision, energy, commitment and love for the credit profession. He blazed such a trail that NACM honored him by creating the NACM Credit Executive of Distinction, awarded to those who embodied that same spirit as exe.

9
article thumbnail

Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.