Wed.Jan 18, 2023

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21 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 21 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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CFPB Issues Guidance to Root Out Tactics Which Charge People Fees for Subscriptions They Don’t Want

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued a new circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law. Negative option programs include subscription services that automatically renew unless the consumer affirmatively cancels, and trial marketing programs that charge a reduced fee for an initial period and then automatically begin charging a higher fee.

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Healthcare Receivables Group Joins Revenue Cycle Leader Wakefield to Strengthen Accounts Receivable Service Lines

Account Recovery

AURORA, Colo., Jan. 17, 2023 — Wakefield, a leading healthcare revenue cycle solutions company, announced today that Healthcare Receivables Group (HRG) has joined the Wakefield organization. Together, the two companies will leverage combined capabilities to provide a wide array of revenue cycle solutions, including Accounts Receivable and cash flow resolutions to healthcare providers across the United States.

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Not Your Keys, Not Your Coin: Bankruptcy Court Looks to Contract Law to Determine Consumer Interest-Bearing Crypto Deposits Belong to Celsius’ Bankruptcy Estate

Troutman Sanders

Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. The resurgence of “crypto winter” has brought many crypto-related entities to their proverbial knees. Indeed, in November 2021, the total cryptocurrency market capitalization reached an all-time high of approximately $3 trillion. That figure has decreased substantially, and today hovers around $850 billion — a 70% drawdown.

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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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Subcommittees Demonstrate McHenry’s Priorities as House Financial Services Chair

Account Recovery

If you are curious what the priorities of the House Financial Services Committee will be under new Chair Rep. Patrick McHenry [R-N.C.], look no further than the decision to change the Subcommittee on Consumers Protections and Financial Institutions to the Subcommittee on Financial Institutions and Monetary Policy. Rep. McHenry announced the subcommittees and their chairs … The post Subcommittees Demonstrate McHenry’s Priorities as House Financial Services Chair first appeared on AccountsRe

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Daily Digest – January 18. Calif. Appeals Court Upholds Anti-SLAPP Ruling for Defendant; Fewer Americans Had Problems Paying Medical Debt

Account Recovery

CALIF. APPEALS COURT UPHOLDS ANTI-SLAPP RULING FOR DEFENDANT IN RFDCPA CASE The Court of Appeals for the state of California has upheld a lower court’s ruling granting an anti-SLAPP motion against a plaintiff that accused a collection law firm of violating the Rosenthal Fair Debt Collection Practices Act in a case that the Appeals Court … The post Daily Digest – January 18.

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How Pay Transparency May Affect Your Job Search or Next Raise

Nerd Wallet

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article How Pay Transparency May Affect Your Job Search or Next Raise originally appeared on NerdWallet.

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Appeals Court Upholds Anti-SLAPP Ruling for Defendant in RFDCPA Case

Account Recovery

The Court of Appeals for the state of California has upheld a lower court’s ruling granting an anti-SLAPP motion against a plaintiff that accused a collection law firm of violating the Rosenthal Fair Debt Collection Practices Act in a case that the Appeals Court sought to answer whether a plaintiff must show materiality when alleging … The post Appeals Court Upholds Anti-SLAPP Ruling for Defendant in RFDCPA Case first appeared on AccountsRecovery.net.

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Weather or Not: How to Book Better Shoulder Season Travel

Nerd Wallet

Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article Weather or Not: How to Book Better Shoulder Season Travel originally appeared on NerdWallet.

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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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Number of Americans Having Problems Paying Medical Bills Dropped in 2021 Thanks to Pandemic Relief: CDC

Account Recovery

Fewer American families had issues paying their medical bills in 2021, according to data released yesterday by the Centers for Disease Control and Prevention. Overall, that means that 10.5 million fewer people were in families that had problems paying their medical debts, a noticeable drop from two years prior. A copy of the report can … The post Number of Americans Having Problems Paying Medical Bills Dropped in 2021 Thanks to Pandemic Relief: CDC first appeared on AccountsRecovery.net.

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5 Things to Know About the Academy Credit Card

Nerd Wallet

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article 5 Things to Know About the Academy Credit Card originally appeared on NerdWallet.

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Third Circuit Finds Vacatur of Default Judgment Does Not Make Collection Activity Retroactively Unlawful

Burr Forman

On January 11, 2023, the Third Circuit held that attempting to collect on a default judgment did not constitute using "'false, deceptive, or misleading' representations in connection with collecting the judgment" if the default judgment was later vacated. Lowe v. FBCS, Inc. , No. 21-3307, 2023 WL 154970, at *1 (3rd Cir. Jan. 11, 2023). Barbara Lowe (Lowe) filed a lawsuit claiming FBCS, Inc.

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What Does Contingency Fee Mean?

FFGN COLLECT NY

What is a contingency fee? When you agree to pay a contingency fee to your attorney, you only need to pay if the attorney collects on your debt. Payment for your attorney is “contingent upon” you receiving at least some of the monies owed to you. This differs from non-contingent fees, which attorneys typically calculate based on the number of hours they work on your case.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Tenth Circuit to Decide Case that Could Substantially Change Health Plan Denial Letters

Troutman Sanders

In October 2022, the Tenth Circuit heard oral argument in D.K. et al. v. United Behavioral Health et al. , a case that could significantly impact what health plans must include in any notification to claimants of an adverse benefit determination, i.e. benefit denial letters. Under ERISA’s claims procedure regulations, there is an express list of information that must be included in any denial of benefits.

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The State of Responsible AI in Financial Services

Fico Collections

Home. Blog. FICO. The State of Responsible AI in Financial Services. The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. FICO Admin. Thu, 12/19/2019 - 16:29. by Scott Zoldi. Chief Analytics Officer. expand_less Back To Top. Wed, 01/18/2023 - 22:50.

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Which Airline Elite Status Should You Go For in 2023?

Nerd Wallet

Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article Which Airline Elite Status Should You Go For in 2023? originally appeared on NerdWallet.

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Budget Unconscious: Reducing Your Spending Is Not the Only Way to Increase Your Profit Margin

NCBA Law Practice Management Blog

My Dad, like all dads, had some choice phrase s to impart. One was that I shouldn’t step over a dime, to pick a penny. (Not sure why I would do that, but.) And, that you have to spend money to make money. It’s actually pretty sage business advice – especially for budget - conscious lawyers. You see, there are a lot of solo and small firm lawyers out there, who are heavily-focused on budget management, and cutting costs down to the bone.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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Are Realtor Referral Sources Protectable Through Non-compete Agreements?

Jimerson Firm

Enforceability of Non-Compete Agreements. In Florida, non-competition agreements are not enforceable, unless it is supported by the existence of one or more legitimate business interests. Section 542.335, Florida Statutes , governs the enforcement of a non-compete agreement, and it provides a list of business interests that would support enforceability.

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CRF’s Annual Focus on the Economy for 2023

AGA

CRF is pleased to share the 2023 Economic Edition of Perspective by CRF. This annual publication is always one of CRF’s most read publications. We trust that you will find value in this year’s edition as well. Click here to access the edition. The post CRF’s Annual Focus on the Economy for 2023 first appeared on AGA Business Debt Collection.

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TCPA Litigation: Is Click-to-Dial a Violation?

Jimerson Firm

The Telephone Consumer Protection Act (“TCPA”) contains strict provisions to ensure that businesses are not abusing that technology and harming consumers with harassing telemarketing calls and texts. The TCPA is one of the most heavily litigate statutes, often levied in the form a class-action complaints with potential exposure to millions of dollars in liability.

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Alaska Airlines Card Overhaul: $95 Fee, 2X Rewards, Tweaks to Companion Fare

Nerd Wallet

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article Alaska Airlines Card Overhaul: $95 Fee, 2X Rewards, Tweaks to Companion Fare originally appeared on NerdWallet.

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The Power of Storytelling in Risk Management

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.

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TCPA Litigation: Understanding the Safe Harbor Defense

Jimerson Firm

As technology advances, businesses have more options to employ big data and implement lost-cost marketing strategies in reaching customers and generating revenues. However, the Telephone Consumer Protection Act (“TCPA”) contains strict provisions to ensure that businesses are not abusing that technology and harming consumers with harassing telemarketing calls and texts.

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Best Medicare Advantage Plans in Wisconsin

Nerd Wallet

Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com. Twitter: @AlexPRosenberg. The article Best Medicare Advantage Plans in Wisconsin originally appeared on NerdWallet.

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Journal Entry #1: Navigating International Trade Credit

NACM

I've just completed my second week of FCIB's International Credit & Risk Management (ICRM) online course and it's been nothing short of a very pleasant experience. Although I've only brushed the surface of international trade credit, I've already learned so much.In the two modules I've completed so far, I've learned about the basics of how inte.

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How to Get an MBA

Nerd Wallet

Trea Branch writes for NerdWallet. Email: tbranch@nerdwallet.com. The article How to Get an MBA originally appeared on NerdWallet.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.