Wed.Apr 05, 2023

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Medical Debt Collection Bill Introduced in Delaware

Account Recovery

A medical debt collection bill has been introduced in the Delaware legislature that has support from both sides of the aisle and a large number of co-sponsors, giving it some momentum to become law. Like many of the other medical collection bills being considered in state legislatures across the country, this piece of legislation would … The post Medical Debt Collection Bill Introduced in Delaware first appeared on AccountsRecovery.net.

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Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

It’s tax season again, which can mean tax refunds for consumers that have historically been leveraged to stabilize finances or pay down debt. But with inflation and economic stressors persisting into the new year, many consumers are conflicted on their financial outlook and spending behavior is hard to predict. With uncertainties about how the end of various pandemic-era benefits will impact consumers, it’s more important than ever for creditors and collectors to implement strategies that consid

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Judge Orders Defendant in FDCPA Case to Comply with Subpoenas

Account Recovery

One of the downfalls of writing these posts very early in the morning while not being a lawyer is that there are times where I have to make decisions about things that appear interesting, but may not be because I’m not a lawyer. I’m saying this because in case this isn’t interesting to anyone else … The post Judge Orders Defendant in FDCPA Case to Comply with Subpoenas first appeared on AccountsRecovery.net.

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5 Ways to Save for Retirement Besides a 401K

Credit Corp

Saving for retirement is an extremely important step for protecting your financial future. In fact, the earlier you can start saving for retirement, the better. Perhaps you have a 401(k) set up through your employer. This can be a great first step, especially if your employer offers matching funds. However, it’s not the only option you have for retirement savings.

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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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Legislation Introduced in House, Senate to Allow CFPB to Compensate Whistleblowers

Account Recovery

Bills have been introduced in the House of Representatives and the Senate aimed at providing financial compensation to individuals who report wrongdoing to the Consumer Financial Protection Bureau about issues at companies in the financial services industry. S. 1124 was introduced last week by Sen. Catherine Cortez Masto [D-Nev.] and H.R. 2465 was introduced by … The post Legislation Introduced in House, Senate to Allow CFPB to Compensate Whistleblowers first appeared on AccountsRecovery.n

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Daily Digest – April 5. Medical Debt Collection Bill Introduced in Delaware; Judge Orders Defendant in FDCPA Case to Comply with Subpoena

Account Recovery

MEDICAL DEBT COLLECTION BILL INTRODUCED IN DELAWARE A medical debt collection bill has been introduced in the Delaware legislature that has support from both sides of the aisle and a large number of co-sponsors, giving it some momentum to become law. Like many of the other medical collection bills being considered in state legislatures across … The post Daily Digest – April 5.

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Bankruptcy and Child Support

Sawin & Shea

Filing for Chapter 7 or Chapter 13 bankruptcy is sometimes the best solution for those struggling with overwhelming debt. It offers a fresh start and the opportunity to reorganize finances, discharge certain debts, and regain financial stability. However, many debtors have questions regarding how filing for bankruptcy impacts child support payments and debts.

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24 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. This is merely meant … The post 24 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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At the Home Stretch of ICRM

NACM

This is my last week of FCIB's International & Credit Risk Management (ICRM) course. Not only am I working on finishing the last chapter of the course (Compliance and Legal), but I'm also expected to complete the course evaluation before starting the final exam.In preparation for the exam, I've attended the final review session, studied the pre.

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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.

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Credit Acceptance and National Trade Associations Challenge the CFPB and NY AG’s Attempt to Disregard TILA and Regulate the Indirect Auto Finance Industry Through Litigation

Troutman Sanders

On January 4, the Consumer Financial Protection Bureau (CFPB) and New York Attorney General (NY AG) filed a joint complaint in the U.S. District Court for the Southern District of New York against Credit Acceptance Corporation (Credit Acceptance), a major subprime indirect auto finance company. On March 14, Credit Acceptance filed a motion to dismiss the complaint, and on March 21, Troutman Pepper filed an amicus curiae brief in support of Credit Acceptance on behalf of the American Financial Se

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