Mon.Nov 06, 2023

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Healthcare Providers Reach $3.5M Settlement in Debt Collection Suit

Account Recovery

In a case that has been winding through the legal system for more than eight years, including two trips to the Court of Appeals for the Sixth Circuit and back, a $3.5 million settlement has been reached in a debt collection case involving two healthcare providers.

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CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.

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Man Pleads Guilty to Making Death Threats to Collection Agency via Automated Chatbot

Account Recovery

A Florida man on Friday pleaded guilty to making threatening messages online that were made to a debt collection company based in Virginia that he owed money to. The man used racial slurs and threatened to kill employees of the company and sexually assault the family members of the company’s co-founders.

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Do Contractual Arbitration Provisions Apply to All Disputes Between Parties?

Jimerson Firm

When drafting any sort of detailed business contract, a common question is what type of dispute resolution provisions should be included in it. Will the parties require litigation or arbitration? Will the parties require mediation before litigation or arbitration? Litigation involves a court or a jury deciding the outcome of the case. Arbitration, on the other hand, involves one or more arbitrators resolving the outcome of the case.

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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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Compliance Digest – November 6

Account Recovery

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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Daily Digest – November 6. Man Pleads Guilty to Making Death Threats to Collection Agency via Automated Chatbot; Healthcare Providers Reach $3.5M Settlement in Debt Collection Suit

Account Recovery

Man Pleads Guilty to Making Death Threats to Collection Agency via Automated Chatbot Healthcare Providers Reach $3.

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Well, California Has Decided to Regulate Crypto

Troutman Sanders

On October 13, California Governor Gavin Newsom (D) signed Assembly Bill 39 (Digital Financial Assets Law). This new law broadly empowers the California Department of Financial Protection and Innovation (DFPI) to govern “digital financial asset business activity” and prohibits entities from engaging in such activity with California residents without obtaining a license from the DFPI, among other criteria.

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Judge Grants MTD on Most Claims in FCRA, FDCPA Suit Over Dispute

Account Recovery

Sometimes, the legal system appears to make things harder than they need to be.

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Biden-Harris Administration Announces Framework for Student Loan Servicer Accountability To Protect Borrowers Nationwide

Collection Industry News

The Biden-Harris Administration is fully committed to supporting student loan borrowers as they navigate return to repayment and fixing problems in the student loan system. To further the goal of protecting borrowers nationwide, the Biden-Harris Administration is taking steps to hold student loan servicers accountable for meeting their obligations to students, borrowers, and taxpayers when managing student loans.

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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.