Fri.Apr 22, 2022

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Daily Digest – April 22. Judge Grants MTD in Hunstein Class Action; CFPB, NY AG Sue MoneyGram

Account Recovery

JUDGE GRANTS MTD IN HUNSTEIN CLASS-ACTION FOR LACK OF STANDING A District Court judge in New York has granted a defendant’s motion to dismiss a Hunstein class-action lawsuit, albeit for lack of standing, because the plaintiff failed to plead that using a letter vendor violated his privacy and that anyone at the vendor reviewed or … The post Daily Digest – April 22.

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Are Slow-Paying Clients Killing Your Cash Flow?

Enterprise Recovery

Before we dive in, do you ever run cash flow reports on your business? If your organization is earning revenue, it does not necessarily mean that you have that much cash in the bank. A simple statement of cash flow report is available through any accounting software and will present a clear picture of your inflows and outflows, including accounts receivable.

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Survey Reveals Employees Want Hybrid Work Schedules

Account Recovery

We talked about this yesterday on The Talk-Off and it’s especially timely as companies across the country, including those in the accounts receivable management industry, seek to figure out whether employees need to be in the office 100% of the time, if there isn’t a need for an office at all, or if the answer … The post Survey Reveals Employees Want Hybrid Work Schedules appeared first on AccountsRecovery.net.

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Why healthcare practices need to use a medical debt collection agency

American Profit Recovery

There is one simple fact that we know from handling debt collections for health care professionals across the country for many years. Professionals that go to school to be able to serve others want to focus on just that. Doctors and other medical professionals need to focus their time on serving patients and providing the necessary care they require.

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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 Hunstein Class-Action for Lack of Standing

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Hunstein lawsuit, albeit for lack of standing, because the plaintiff failed to plead that using a letter vendor violated his privacy and that anyone at the vendor reviewed or otherwise saw the plaintiff’s information. A copy of the ruling in … The post Judge Grants MTD in Hunstein Class-Action for Lack of Standing appeared first on AccountsRecovery.net.

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CFPB, NY AG Sue ‘Repeat Offender’ MoneyGram as Company Vows Not to be ‘Strong-Armed’

Account Recovery

Continuing to fulfill its commitment to going after repeat offenders, the Consumer Financial Protection Bureau — in partnership with the Attorney General of New York — yesterday announced a lawsuit against MoneyGram Payment Systems for “systematically and repeatedly violating” consumer protection laws by failing to deliver funds promptly and failing to train employees about how … The post CFPB, NY AG Sue ‘Repeat Offender’ MoneyGram as Company Vows Not to

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Citibank Bonus for Checking: Up to $1,500

Nerd Wallet

The Citibank bonus could earn you $300, $700 or $1,500 when you sign up for a new Citi checking account and complete the required activities. To earn the bonus, you’ll have to deposit at least $15,000 and meet a few other requirements. The deposit and minimum balance requirements are steep, but the bank offers perks. Ruth Sarreal writes for NerdWallet.

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Article on No-Contest Provisions

McLane

I recently published the following article in the Union Leader on the subject of no-contest clauses in estate plans: Know the Law: What No-Contest Provisions in an Estate Plan Mean for You. Q: My mother’s estate planning documents contain something called “no-contest” provisions. What are these and how do they affect me? A : No-contest provisions, also referred to as “in terrorem” clauses, are becoming increasingly common in estate plans in New Hampshire.

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Best Medicare Supplement Insurance Companies in 2022

Nerd Wallet

Medicare Supplement Insurance, or Medigap, covers “gaps” in Original Medicare coverage, such as certain out-of-pocket expenses like copays, coinsurance and deductibles. Medigap plans are sold by private insurance companies, but the plans’ Medicare coverage is regulated by the government. So, for example, Medigap Plan G has the same Medicare benefits regardless of which insurance company.

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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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Federal Contractors on Notice After DOJ Announces First Civil Cyber Fraud Initiative Settlement

Troutman Sanders

On February 28, the U.S. Department of Justice (DOJ) agreed to a $930,000 settlement with Comprehensive Health Services (CHS) to resolve False Claims Act allegations. The resolution represents the department’s first settlement under the False Claims Act since instituting its Civil Cyber Fraud Initiative in October 2021. [1] This is a watershed moment in the department’s approach to cybersecurity that highlights its renewed focus and commitment to holding vendors that do business with the federal

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Dow Jones Industrial Average Explained

Nerd Wallet

What is the Dow Jones Industrial Average? The Dow Jones Industrial Average, or DJIA, is a stock market index that includes 30 blue-chip companies from different facets of American industry. Its movement over time offers a high-level view of how the U.S. economy is performing. » MORE: What is an index? The basics of the. Taryn Phaneuf writes for NerdWallet.

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New Podcast Episode from NACM!

NACM

It's Friday and you know what that means! The latest episode of our Extra Credit podcast is out now!Get up to date on all things B2B credit in just a few minutes. This week we took a close look at how supply chain disruptions are here to stay and what factors could lead to a U.S. recession. Listen to the newest episode here: ht.

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How to Go Green(er) With Sustainable Banking

Nerd Wallet

This Earth Day, you may be wondering how you can reduce your negative impact on the planet. Where you spend and keep your money can affect the kinds of sustainability efforts that are funded and the harmful practices that aren’t. The bank that you use may have some surprising effects on the amount of deforestation. Chanelle Bessette 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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Senators Spotlight Collection Aspect in Asking CFPB to Investigate TRAs

Account Recovery

A group of Senate Democrats have written a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, calling on the agency to investigate the use of Training Repayment Agreements (TRAs) which some companies use to require employees to pay a pre-determined amount of money if they leave their jobs within a certain … The post Senators Spotlight Collection Aspect in Asking CFPB to Investigate TRAs appeared first on AccountsRecovery.net.

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How to Plan Award Travel for Newbies

Nerd Wallet

Does your best friend jaunt off to seemingly exorbitant destinations with no visible means of funding? Has your boss been going on about Ultimate Rewards® and how they’ve landed him a suite at the Park Hyatt Paris? Whatever the case, you’ve heard about award travel and you’re interested. You may be new to award travel, Carissa Rawson writes for NerdWallet.

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6 Things to Know Before Flying Emirates First Class

Nerd Wallet

Emirates first class offers one of the most luxurious experiences in travel and, depending on the route and plane, can include: An onboard shower. Two bars. A Bulgari amenity kit. Expansive food and drink options. Of course, you also get bragging rights for life. Before hopping on your flight, here are six things you should. Josh Garber writes for NerdWallet.

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The Guide to American Airlines Flagship Business Class

Nerd Wallet

If you’re planning to fly long distances with American Airlines, you may want to book a business-class ticket to improve your overall comfort and flying experience. Unlike a short, domestic business-class flight with American Airlines, Flagship business class tickets give travelers more. American Airlines Flagship business class tickets are only available on select routes.

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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.

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Skipped College in 2021? Enroll This Fall

Nerd Wallet

The pandemic upended what it meant to be a college student as newfound barriers to learning cropped up in spring 2020: In-person classes were forced online, family obligations became more pronounced and economic difficulties spread. “All of these factors just came together to create this perfect storm,” says Mamie Voight, president and CEO of the. Colin Beresford writes for NerdWallet.