Fri.Apr 15, 2022

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Judge Grants MTD in Hunstein Case for Second Time Over Lack of Standing

Account Recovery

Strike two. A plaintiff alleging a collection agency violated the Fair Debt Collection Practices Act by using a letter vendor to print and mail the collection letter she received has had her case dismissed by a federal judge for lack of standing, although this time the judge is not giving the plaintiff a third kick … The post Judge Grants MTD in Hunstein Case for Second Time Over Lack of Standing appeared first on AccountsRecovery.net.

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Asset Explained

Nerd Wallet

What is an asset? An asset is anything you own that has monetary value. An investor trades assets expected to grow in value and produce income. Common investment assets are stocks, bonds, cash, real estate and commodities. Why assets matter Assets are meant to grow in value after you buy them. Of course, this is. Taryn Phaneuf writes for NerdWallet.

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N.Y. Orgs Line Up Against Suit Seeking to Allow Non-Lawyers to Represent Consumers in Collection Cases

Account Recovery

In one of those rare times when consumer advocates and the accounts receivable management find themselves on the same side, a group of legal services and civil rights organizations have filed an amicus brief in opposition to a request for a preliminary injunction that would allow a non-profit organization to train non-lawyers to help consumers … The post N.Y.

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The Best Car Insurance Companies for April 2022

Nerd Wallet

The best car insurance companies give their customers more than just coverage they want at a reasonable price. They also provide a customer-first experience from quote to claim, including a headache-free way to manage policies and make payments. How we ranked the top auto insurers: NerdWallet’s editorial team considered pricing, discounts, complaint data from the National.

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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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Va. Gov. Vetoes SOL, Debt Collection Bills

Account Recovery

The governor of Virginia has vetoed two bills related to medical debt collection, although there may be enough voted in the state legislature to override both vetoes, according to published reports. One bill, introduced by state Rep. Nadarius Clark, would have lowered the statute of limitations on medical debts to three years, from five. The … The post Va.

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Bill Introduced in Congress to Require Cost-Benefit Analysis for CFPB Rules

Account Recovery

A bill has been introduced in the House of Representatives that, if passed, would require the Consumer Financial Protection Bureau to conduct a comprehensive cost-benefit analysis for every regulation it proposes, as a means of limiting “regulatory overreach” by the regulator. The bill, House Bill 7412 — the Transparency in CFPB Cost-Benefit Analysis Act — … The post Bill Introduced in Congress to Require Cost-Benefit Analysis for CFPB Rules appeared first on Accoun

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8 Tactics to Break the Credit Card Debt Cycle

Nerd Wallet

Upon paying off between $12,000 and $15,000 in credit card debt in 2019, Yamiesha Bell, a special education teacher in New York, didn’t break up with her credit cards. With goals to buy a car and a house, Bell hoped to preserve her credit history by keeping her cards open and active. “I needed to. Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com.

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Daily Digest – April 15. Judge Grants MTD in Hunstein Case for Second Time; Orgs Line Up Against Suit Allowing Non-Lawyers to Represent Consumers

Account Recovery

JUDGE GRANTS MTD IN HUNSTEIN CASE FOR SECOND TIME OVER LACK OF STANDING A plaintiff alleging a collection agency violated the Fair Debt Collection Practices Act by using a letter vendor to print and mail the collection letter she received has had her case dismissed by a federal judge for lack of standing, although this … The post Daily Digest – April 15.

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The Guide to American Airlines Flights to the Caribbean

Nerd Wallet

If you’re planning to fly to the Caribbean, chances are American Airlines has a flight for you. American operates an expansive network of flights to the Caribbean of up to over 800 weekly flights to 35 Caribbean destinations. As a result, American has more flights to more destinations in Latin America and the Caribbean than. JT Genter writes for 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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Having insurance doesn’t mean you can afford medical care

Roths Child Law

Medical debt is the main reason that people file for bankruptcy. The conventional wisdom that you'll sometimes hear about affording your medical bills is simply that you needed to buy insurance in the past. The implication is that those who can't afford their bills must not have had coverage. But the fact is that this isn't true at all. Even those who do have insurance often can't pay their medical bills.

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Want to Buy Litecoin (LTC) Cryptocurrency? Read This First

Nerd Wallet

Litecoin, a cryptocurrency adapted from Bitcoin to facilitate digital payments, is one of the most widely available digital assets. Many top crypto exchanges and platforms allow users to buy Litecoin. There are several ways to get Litecoin, including: Buying Litecoin (LTC). This can be done using U.S. dollars or other fiat currencies. Trading another cryptocurrency.

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What Can I Keep if I File for Chapter 7 Bankruptcy?

Luftman, Heck & Associates.

Chapter 7, the most common bankruptcy filed by people in the U.S., is essentially a debt cancellation. If you do not have enough income to pay your creditors, you can file for Chapter 7 bankruptcy to have the debts discharged, giving you a fresh start financially. Can I Keep My Belongings If I File Chapter 7 Bankruptcy? A big hesitation for individuals considering Chapter 7 revolves around the requirement to Read More.

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The NerdWallet Guide on Delta Flights to Hawaii

Nerd Wallet

Delta Air Lines flies to many U.S. states, including the popular destination of the island paradise of Hawaii. If your next vacation has you heading to the Aloha State, Delta may be for you. The Atlanta-based airline operates service to five Hawaiian airports, giving you plenty of options to fly from several cities. Here’s what. Anya Kartashova writes for NerdWallet.

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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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Constructive Eviction: Is There Such a Thing Under Florida’s Commercial Landlord-Tenant Act?

Jimerson Firm

The commercial landlord-tenant act is set forth in Sections 83.001-83.251 of the Florida Statutes. While the commercial landlord-tenant act does not specifically address whether wrongful/constructive eviction (“constructive eviction”) is a defense to an eviction or removal action (or grounds for a tenant to vacate the premises), case law supports that commercial tenants may have a claim or defense of constructive eviction under certain circumstances.

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Dogecoin (DOGE) Cryptocurrency: Current Price and How It Works

Nerd Wallet

Dogecoin is a cryptocurrency that began as a lighthearted reference to one of the internet’s most enduring memes. But in recent years it has become one of the most highly valued digital assets — thanks in large part to a devoted community of users who continue to promote it. For the uninitiated, Dogecoin (pronounced dowzh-koyn). Andy Rosen writes for NerdWallet.

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White House Signals Strong Consumer Protections in Medical Debt

Troutman Sanders

On April 11, the White House published a fact sheet, outlining the Biden administration’s actions to lessen the burden of medical debt and increase consumer protection. The plan includes four focus areas: Holding Providers and Collectors Accountable: The Department of Health and Human Services (HHS) will evaluate how providers’ billing practices impact access and affordability of care and the accrual of medical debt.