Tue.Apr 12, 2022

article thumbnail

White House Announces Medical Debt Crackdown

Account Recovery

The White House yesterday outlined an aggressive plan to crack down on “malicious” and “predatory” billing practices related to medical debts, including holding debt collectors “accountable for harmful practices,” while also pledging to have the medical debts forgiven for more than half a million low-income veterans.

article thumbnail

Litecoin (LTC) Cryptocurrency: Current Price and How It Works

Nerd Wallet

Litecoin is a cryptocurrency that emerged more than a decade ago as one of the first alternatives to Bitcoin. Like Bitcoin, Litecoin was conceived as a form of secure payment — though some users keep it in their portfolio because they believe Litecoin is a good investment. What is Litecoin? Litecoin, also known as LTC, Andy Rosen writes for NerdWallet.

129
129
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Judge Grants MTD on FDCPA Claims in Class-Action, But Denies RICO Claim

Account Recovery

A District Court judge in Virginia has granted motions to dismiss on claims that defendants in a class-action lawsuit violated the Fair Debt Collection Practices Act, but denied a motion to dismiss that the defendants — a group of debt buyers — and the debt collectors it used to collect on the debts in question … The post Judge Grants MTD on FDCPA Claims in Class-Action, But Denies RICO Claim appeared first on AccountsRecovery.net.

article thumbnail

Spike in Debt Recovery action expected

UK debt collections

A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic. The Government introduced the Corporate Insolvency and Governance Act 2020 (CIGA) in March 2020 to help companies to stay afloat during the pandemic and to protect them from aggressive action from creditors.

article thumbnail

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.

article thumbnail

Comment Period on ‘Junk’ Fees RFI Expires, as State AGs Call for End to Convenience Fees

Account Recovery

The comment period on the Consumer Financial Protection Bureau’s Request for Information related to what it calls “junk” fees closed yesterday, with more than 25,000 comments filed. Among the comments that were filed on the last day was one from 22 state attorneys general, calling on the CFPB to end convenience fees charged by mortgage … The post Comment Period on ‘Junk’ Fees RFI Expires, as State AGs Call for End to Convenience Fees appeared first on Accounts

245
245

More Trending

article thumbnail

Daily Digest – April 12. White House Announces Medical Debt Crackdown; Judge Grants MTD on FDCPA Claims, Denies RICO Claim

Account Recovery

WHITE HOUSE ANNOUNCES MEDICAL DEBT CRACKDOWN The White House yesterday outlined an aggressive plan to crack down on “malicious” and “predatory” billing practices related to medical debts, including holding debt collectors “accountable for harmful practices,” while also pledging to have the medical debts forgiven for more than half a million low-income veterans.

article thumbnail

How to Stay at Disney Hotels for Cheap (or Free)

Nerd Wallet

Disney makes you feel like you’ve entered a fantasy world. Why leave that when the park closes? Staying at a Disney-owned hotel is one way to keep the magic going throughout your entire trip, and it may come with some cool perks like transportation to the parks and Extended Evening Theme Park Hours. But all. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

74
article thumbnail

Class-Action Complaint Accuses Collector of Violating FDCPA By Not Explicitly Detailing to Where Disputes Should be Sent

Account Recovery

A class-action lawsuit has been filed against a collection agency for allegedly violating the Fair Debt Collection Practices Act by having multiple addresses on a collection letter it sent and not explicitly communicating to which address disputes or requests for original creditor information should be sent. A copy of the complaint in the case of … The post Class-Action Complaint Accuses Collector of Violating FDCPA By Not Explicitly Detailing to Where Disputes Should be Sent appeared firs

article thumbnail

Standard Deviation Explained

Nerd Wallet

In investing, standard deviation is a way to measure the volatility of a stock, bond, fund or other financial instrument. Sometimes referred to as “volatility,” it’s one of the most commonly used metrics to project potential returns or losses from an investment. In order to use it effectively, though, it’s important to understand how it. Cara Smith writes for NerdWallet.

74
article thumbnail

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.

article thumbnail

Reading Between the Student Loan Headlines: How to Engage Consumers with Multiple Debts

True Accord

The freeze on student loan payments has been a hot topic since the start of the pandemic—not just for borrowers, but for debt collection departments outside of the student loan debt sector. Although student loan borrowers get a reprieve for another few months, repaying other debts can still be a tricky issue for consumers to budget for today. Debt collectors need to find ways to start engaging with borrowers now before student loans get added back on to the balance.

article thumbnail

Can I Get a Car Loan After Bankruptcy?

Nerd Wallet

You can get a car loan after filing for bankruptcy. While some lenders may not consider you at all, others will. Because bankruptcy filings negatively affect your credit score, securing a loan with a desirable interest rate could prove challenging. Still, you can do a few things to minimize the effects of a bankruptcy filing. Cara Smith writes for NerdWallet.

article thumbnail

Somerset County Bar Association Holds First Annual Land Use Symposium with Ed Purcell

Price Meese

On Saturday, April 9, 2022, the Somerset County Bar Association held its first annual Land Use Symposium at Raritan Valley Community College. The event, organized and chaired by Edward Purcell, Esq., included seminars for experienced board members along with the basic course in land use law and planning required by the State of New Jersey for new land use board members.

52
article thumbnail

How to Earn Miles on American’s Partner Airlines

Nerd Wallet

American Airlines recently revamped how members earn miles and elite status in its airline loyalty program, AAdvantage. Rather than counting Elite Qualifying Miles, Dollars and Segments, only one metric now matters: Loyalty Points. The idea is simple. Earn 1 Loyalty Point per AAdvantage mile earned. While American has added many exceptions to this general rule, JT Genter writes for NerdWallet.

71
article thumbnail

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?

article thumbnail

Court Denies Cross Motions for Judgment on the Pleadings for FDCPA and TCPA Violations Based on Post Settlement Collection Calls

Troutman Sanders

In Carroll v. Medicredit, Inc. , No. 2:20-cv-01728-KJD-EJY (D. Nev. Mar. 18, 2022), the court denied the parties’ cross motions for judgment on the pleadings as to claims under the Telephone Consumer Protection Act (TCPA) the Fair Debt Collections Practices Act (FDCPA) that arose out of collection calls placed after the parties had agreed to settle the underlying debt.

article thumbnail

Get Home Insurance Quotes

Nerd Wallet

Frequently asked questions What is homeowners insurance? A homeowners policy is insurance that protects you financially if a fire damages your home, someone steals your belongings or another catastrophe strikes. Homeowners insurance is generally required by mortgage lenders. What does homeowners insurance cover? Homeowners insurance typically covers your house and everything in it from damage.

article thumbnail

Bradesco Uses FICO Platform to Deliver Real-Time Credit Solutions

Fico Collections

Real-time credit solution improves customer experience. Bradesco, one of the largest private banks in Brazil, has used FICO ® Platform to create a digital, real-time, and complete credit solution that has revolutionized the customer journey with instant decisions and optimized pricing. Known internally as “Brain” (Bradesco Inteligência de Negócios / Bradesco Intelligence in Business), the decision management project has reduced the time taken to put projects into production and introduced more c

Banks 52
article thumbnail

US Treasury Secretary Janet Yellen Discusses Digitization of the American Economy; States Digital Asset Regulation Should Be “Tech Neutral”

Troutman Sanders

On April 7, in front of American University’s Kogod School of Business Center for Innovation, Secretary of the Treasury Janet Yellen addressed the Biden administration’s forthcoming legislative approach to digital assets, as we discussed here , as well as the digitization of the American economy, which Yellen assessed through the lens of five lessons she suggests are often implicated by emerging technologies generally: (1) responsible innovation; (2) appropriate guardrails; (3) monetary sovereig

Banks 52
article thumbnail

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.

article thumbnail

Meirav Furth's important article: Retail Race Discrimination

Public Citizen

Meirav Furth of UCLA and Tel-Aviv University has written R etail Race Discrimination. Here's the abstract: This Article investigates everyday race discrimination while shopping in clothing stores of different price ranges. It reports on an original field experiment which examines the combined effects of race and gender on consumers’ shopping experiences and outcomes.

Retail 45