Thu.Nov 30, 2023

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Why Most People Don’t Pay Their Healthcare Bills

Account Recovery

Almost three-quarters of individuals can’t or don’t pay their healthcare bills immediately, and among those who wait, not having enough money to pay the bill is the biggest reason why, according to the results of a nationwide survey that were released earlier this week.

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2023 Review: Capital One Platinum Credit Card 

Credit Corp

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: This card is great if you have a weaker credit score and are looking to access a potentially larger line of credit than most credit cards for

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Daily Digest – November 30. Getting to Know Tracy Davis of Quanta Credit Services; Suit Seeks $2M from Agency, Healthcare Provider Over Allegedly Illegal Collection Practices

Account Recovery

Getting to Know Tracy Davis of Quanta Credit Services Judge Grants MTD in FDCPA Case Over Dismissed Collection Suit Suit Seeks $2M from Agency, Healthcare Provider Over Allegedly Illegal Collection Practices Why Most People Don’t Pay Their Healthcare Bills WORTH NOTING: If you’re getting your mail later than usual, you might want to blame Amazon […]

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2023 Review: Capital One Spark Cash Select

Credit Corp

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: Whether you go with the the Capital One Spark Cash Select for Good Credit or the Capital One Spark Cash Select for Excellent credit, you can

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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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Judge Grants MTD in FDCPA Case Over Dismissed Collection Suit

Account Recovery

Filing a collection lawsuit without including all the proper documentation and then voluntarily dismissing the suit is not a violation of the Fair Debt Collection Practices Act, a District Court judge in Illinois has ruled, granting the defendant’s motion to dismiss.

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Suit Seeks $2M from Agency, Healthcare Provider Over Allegedly Illegal Collection Practices

Account Recovery

A collection agency and a healthcare provider in Oregon are being sued by an individual who is seeking $2 million in punitive damages because the provider has not complied with state and federal laws regarding charity care and financial assistance and violating the Fair Debt Collection Practices Act.

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Technology in Debt Collection: How Modern Tools are Revolutionising Recovery Efforts

JMA

At JMA Credit Control, we’ve witnessed first-hand the remarkable transformation in the debt collection industry, a change driven largely by technological innovation. Gone are the days when debt recovery was synonymous with endless paper trails and one-size-fits-all communication strategies. In this digital era, technology has not only refined our methods but has also enhanced the.

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Getting to Know Tracy Davis of Quanta Credit Services

Account Recovery

For all the talk about the fact that this industry is shrinking and not a place for innovators, I give you Tracy Davis, who left a career in digital marketing to join the industry just four months ago.

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Understanding the DOJ’s Groundbreaking $4.3B Settlement with Foreign Cryptocurrency Exchange Binance.com

Troutman Sanders

On November 21, the U.S. Department of Justice (DOJ) unsealed its criminal indictment against Binance.com (Binance), the world’s largest cryptocurrency exchange, and its CEO, Changpeng “CZ” Zhao (CZ). The indictment against Binance contains three charges: (1) conspiracy to violate the Bank Secrecy Act (BSA) by failing to implement and maintain an effective anti-money laundering (AML) program; (2) conducting an unlicensed money services business; and (3) willful violation of the International Eme

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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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U.S. consumer credit card debt at highest levels ever, ahead of the holidays

Collection Industry News

KNOXVILLE, Tennessee — The Federal Reserve Bank of New York has been tracking credit card debt since 1999. Credit card debt in the U.S. is at the highest level it’s been since then, with the total amount of debt in the third quarter of 2023 reaching around $1.08 trillion dollars. “It’s harder now than it has been, because interest rates are historically high just due to the economic climate that we’re in right now,” said Tim Young, a wealth advisor for the Tennessee

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The Role of General Counsels in Advising Their Companies’ Boards of Directors on the Use of AI

Troutman Sanders

Join Troutman Pepper Partner Chris Willis and Counsel Shannon Patterson as they discuss the top issues a company’s board of directors needs to consider regarding the use of artificial intelligence (AI) in its business. Shannon specializes in advising companies on board and management governance issues, particularly publicly traded companies, to ensure that boards are well-informed of their responsibilities.

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Tax Implications of Employer Lodging

Jimerson Firm

Employers who provide non-cash, work-related benefits to employees should consider the potential tax implications of “fringe benefits”. A “fringe benefit” is a form of pay provided to employees in addition to stated pay, such as lodging and meals, that will be taxable to an employee unless an exclusion applies. 26 CFR § 1.162-32 and IRC Sections 132 and 162(a) are the two fringe benefit exclusions employers must consider when providing lodging to employees.

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The Future of Payments: Exploring FedNow With the Payments Professor

Troutman Sanders

In this episode of Payments Pros, Keith Barnett and Carlin McCrory are joined by Pidgin’s Senior Vice President of Innovation Kevin Olsen to discuss faster payments and the FedNow service. Faster payments, such as real-time payments (RTP) and FedNow, are transactions completed in seconds, available 24/7, and restricted to U.S. financial institutions.

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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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October Consumer Litigation Filings: Mixed Bag

Troutman Sanders

According to a recent report by WebRecon, court filings under the Fair Credit Reporting Act (FCRA) and Telephone Consumer Protection Act (TCPA) were down for the month of October, but filings under the Fair Debt Collection Practices Act (FDCPA) were up. Complaints filed with the Consumer Financial Protection Bureau (CFPB) were also up for the month.