Account Recovery

JULY 25, 2022

An advocacy group in New York is pushing Governor Kathy Hochul to sign a bill into law that would ban hospitals from obtaining garnishments and imposing liens to collect on unpaid medical debts, and has issued a report investigating the practice at five nonprofit hospitals in the state, concluding that indebted patients tend to work … The post Report Analyzes Garnishment Data to Lobby N.Y.

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Enterprise Recovery

JULY 25, 2022

The process of collecting what's due from customers can go by several names. Accounts receivable, receivables, A/R, accounts receivable collections, debt collections, and more. (Not to be confused with accounts payable, which is a different part altogether.). Many of these terms are not interchangeable but actually define different levels or areas of the process of collecting payments.

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Collections Collection Agencies Collections Agency 183

Account Recovery

JULY 25, 2022

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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Nerd Wallet

JULY 25, 2022

A payment gateway is a place on a merchant’s website where customers securely enter credit card information. A payment gateway also verifies that a customer’s card is legitimate. A payment processor transmits card data from a merchant’s point-of-sale system to card networks and banks involved in the transaction. Many payment gateway providers also offer payment.

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Banks 87

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.

Account Recovery

JULY 25, 2022

JUDGE INVOKES HUNSTEIN RULINGS IN DISMISSING FCRA CASE FOR LACK OF STANDING A District Court judge in New York has dismissed a plaintiff’s Fair Credit Reporting Act case, ruling he lacks standing to sue because his claims that factually inaccurate information about his credit report were disseminated to a third party — a credit reporting … The post Daily Digest – July 25.

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Account Recovery

JULY 25, 2022

A District Court judge in New York has dismissed a plaintiff’s Fair Credit Reporting Act case, ruling he lacks standing to sue because his claims that factually inaccurate information about his credit report were disseminated to a third party — a credit reporting agency, in this case — and that the failure to note an … The post Judge Invokes Hunstein Rulings in Dismissing FCRA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 25, 2022

When times are tough, credit card debt may be inevitable if you’re learning to manage credit or are forced to make risky financial decisions due to hardships. For Lydia Senn and her husband, who are Alabama residents, this was their reality during the Great Recession in 2008 after she lost her job and he took. Melissa Lambarena writes for NerdWallet.

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Credit Card Debt 85

Account Recovery

JULY 25, 2022

The Court of Appeals for the Fourth Circuit has partially affirmed and partially overturned a lower court’s ruling in a disability discrimination case involving an employee at a call center who accused her former employer of violating the Americans with Disabilities Act and the Family and Medical Leave Act. A copy of the ruling in … The post Appeals Court Partially Overturns Ruling for Call Center Defendant in ADA, FMLA Case appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 25, 2022

Medicare fraud is big business, and like most businesses, it has adapted to the new environment of the COVID-19 pandemic. “The public health emergency created an opportunity for fraudsters to modify and repurpose existing schemes,” a spokesperson for the Centers for Medicare & Medicaid Services, or CMS, said in an email. CMS has seen bad. Alex Rosenberg writes for NerdWallet.

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Collections

UK debt collections

JULY 25, 2022

The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes. Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors.

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Loans Customs Official Government Trade 59

Nerd Wallet

JULY 25, 2022

Raise your hand if you love to travel. Whether you’re often on the road or take a vacation just once a year, you’ve probably heard of travel agents. These folks help plan and book itineraries for you, eliminating a lot of the pain points when it comes to traveling. These days many people skip out. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Hudson Weir

JULY 25, 2022

Being in debt isn’t just a financial drain. It can cause personal and emotional stress too. As qualified Insolvency Practitioners , we’re highly experienced in navigating individuals and companies through financial difficulties. Unsurprisingly, our team is often asked “how long can a debt be chased in the UK?”. This is a key question and there are various nuances to be aware of, such as the type of debt and whether you are solely liable.

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Creditors Debt Recovery Debtor Student loans 52

Nerd Wallet

JULY 25, 2022

Given that Craigslist is one of the internet’s largest classified websites, it’s no surprise that it’s a popular platform for private-party car sales. Unfortunately, Craigslist can also be home to scams in the form of fake advertisements, bots posing as interested buyers, and other digital hustles. Be wary of giving your personal information to anybody.

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Loans 71

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?

Banks

Troutman Sanders

JULY 25, 2022

On May 25, the Federal Trade Commission (FTC) entered a Stipulated Order for Monetary Judgment against Publishers Business Services, Inc. (PBS), and its officers, Brenda Dantuma Schang, Dries Dantuma, Dirk Dantuma, and Jeffrey Dantuma imposing a suspended judgment of $14.47 million. In 2008, under “Operation Tele-PHONEY,” the FTC joined forces with more than 30 international, federal, state, and local law enforcement agencies, and targeted the largest telemarketing fraud sweep ever coordinated b

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Judgment Trade Collections 52

Nerd Wallet

JULY 25, 2022

We all love a great hotel redemption, but what if you don’t have enough World of Hyatt points to make the reservation you need? Well, if you know another Hyatt member who does, you could be in luck. Transferring points between Hyatt accounts can be especially helpful in getting you to that next big redemption. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Collection Industry News

JULY 25, 2022

Posted : July 24, 2022 By April Lewis-Parks. Source: site. If you’ve ever been late with a credit card payment and thought that late fee you got popped with was steep, you’re one of 42 million Americans [1] who will face that dilemma in 2022. Credit card companies’ penalty policies cost consumers around $12 billion each year. In fact, the U.S. central bank known as the Federal Reserve just launched an investigation to determine if credit card late fees and other penalties are “reasonable and

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Credit Counselor Debt Management Credit Card Debt Lender 40

Collection Industry News

JULY 25, 2022

Posted : July 24, 2022 By CHRIS TEAGUE. Source: site. There’s never been a worse time to buy a new or used car , but some dealers have gone out of their way to make the experience even more excruciating. There are markups, dealer add-ons, inventory issues, vehicles being sold out from under customers, and many other shady activities. New York City finally reached a tipping point with a group of car dealers , forcing them to pay enormous fines and agree to shape up.

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Retail Judgment Collections Education 40

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Collections

Collection Industry News

JULY 25, 2022

Posted : July 24, 2022 By Victoria Mossman. Source: site. The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes.

Loans 40

Loans Government Customs Official Trade 40

Collection Industry News

JULY 25, 2022

Posted : July 24, 2022 By Victoria Mossman. Source: site. Former Emmerdale TV soap Star Danny Miller has had his company put into liquidation due to a series of unpaid debts. The performing arts company Cannon Professional Acting company owing a whopping £117,528 of unpaid debts. The actor left the popular soap Emmerdale last year before going on to win the 2021 series of I’m a celebrity…. get me out of here.

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Creditors Banks Loans Collections 40

Collection Industry News

JULY 25, 2022

Posted : July 24, 2022 By Caroline Haïat (Digital Journalist). Source: site. The widespread price hike in Israel does not seem to have an effect on citizens’ consumption – On the contrary, Israelis continue to heat up their credit cards, breaking a new record for the volume of purchases in shopping centers last month. Figures collected by the bank service Shva showed that in June, a new daily record for credit card usage in Israel was recorded: over $355 million, a 1.7 percent increase compared

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Banks Collections Education 40

Collection Industry News

JULY 25, 2022

Posted : July 24, 2022. By Kate Berry. Source: site. TransUnion, one of the three large credit bureaus, never wanted to be in litigation with its regulator the Consumer Financial Protection Bureau. But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order.

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Law Firms Lawyers Financial Institution Judgment 40

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.