Account Recovery

MARCH 23, 2021

CORAL SPRINGS, FLORIDA, March 22, 2021—Meduit, one of the 10 largest healthcare revenue cycle management (RCM) solutions companies, has consolidated customer communications management (CCM), digital delivery and print/mail services with Nordis Technologies. Using Nordis’ cloud-based Expresso® CCM platform, Meduit produces and distributes about 2 million print and electronic patient billing statements and letters a month for more than 850 … The post Meduit Taps Nordis Technologies for Omnic

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Consumer Finance

MARCH 23, 2021

Today, the Consumer Financial Protection Bureau (CFPB) provided to Congress the Consumer Response Annual Report for 2020. The impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to the CFPB.

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Account Recovery

MARCH 23, 2021

A District Court judge has ruled that a plaintiff does not have standing to sue a collector that sent two collection letters seeking to collect on a debt that had been discharged in bankruptcy in which the letters indicated that the collector would update “credit data it may have” already submitted in exchange for payment. … The post Judge Dismisses FDCPA Case About Letters to Collect on Discharged Debt For Lack of Standing appeared first on AccountsRecovery.net.

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Credit Corp

MARCH 23, 2021

Are you just starting your taxes for the 2020 tax season? If you’re panicking, don’t—we’ve got good news. The tax deadline typically falls on April 15, but this year, the IRS has extended the tax deadline to May 17 due to the pandemic. So what does this mean for you, exactly? We’ll break it down for you. Is the Tax Deadline Extension for Everyone? The 2020 tax year deadline postponement applies for individual tax payers and those who pay self-employment taxes.

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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

MARCH 23, 2021

In a move that many feel is a precursor to Rohit Chopra’s nomination to be the next director of the Consumer Financial Protection Bureau, President Joe Biden yesterday announced that he had tapped Lina Khan to be a commissioner of the Federal Trade Commission. Here is how the dominoes need to fall, according to published … The post Biden Nominates New FTC Commissioner, And How That May Impact Chopra’s Move to CFPB appeared first on AccountsRecovery.net.

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Account Recovery

MARCH 23, 2021

Both the Federal Trade Commission and the Consumer Financial Protection Bureau fulfilled their Congressional mandate in recent days by summarizing how both agencies administered and enforced the Fair Debt Collection Practices Act. The FTC provided its recap in a letter to the CFPB, while the CFPB published a report on its effort to protect consumers … The post CFPB, FTC Release Annual FDCPA Report, But What Does the Footnote Mean?

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Nerd Wallet

MARCH 23, 2021

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Women do it all — lead households, pay bills, run companies. But when it comes to saving and investing, advisors say there’s more women. Tiffany Lam-Balfour writes for NerdWallet.

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Account Recovery

MARCH 23, 2021

The Consumer Financial Protection Bureau has used a lot of adjectives so far to detail what debt collectors can not do when trying to recover unpaid debts owed by consumers. Those adjectives include: harassing, oppressive, abusive, false, deceptive, misleading, unfair, and unconscionable. In Section 1006.30, it seems as though the Bureau ran out of adjectives, … The post Bedard: What Collectors Must Do Before Reporting Unpaid Debts to Comply with Reg.

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PDC Flow

MARCH 23, 2021

An essential part of running an accounts receivable business is keeping up with trends that will impact the industry and your agency. With the recent changes caused by coronavirus, new regulations and emerging technology, it’s important to understand the risks your company faces. Just as important, you must know the latest risk management strategies to keep issues to a minimum.

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Collections

Account Recovery

MARCH 23, 2021

BEDARD: WHAT COLLECTORS MUST DO BEFORE REPORTING UNPAID DEBTS TO COMPLY WITH REGULATION F The Consumer Financial Protection Bureau has used a lot of adjectives so far to detail what debt collectors can not do when trying to recover unpaid debts owed by consumers. Those adjectives include: harassing, oppressive, abusive, false, deceptive, misleading, unfair, and … The post Daily Digest – March 23.

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Debt collector 234

Nerd Wallet

MARCH 23, 2021

If you’re into history, adventure and gastronomy, there’s a great chance Peru, the Land of the Incas, is “on the list.” It’s also safe to say that Machu Picchu most likely tops that list of attractions to visit there — and for good reason. The most recognizable site of Inca civilization is impressive (to say. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.

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PBWT

MARCH 23, 2021

In January 2020 we reported that, after the reconsideration suggested by two Supreme Court justices and revisions to account for the Supreme Court’s Merit Management decision, [1] the Court of Appeals for the Second Circuit stood by its original holding, [2] in an appeal that was first argued in 2014, that the payments to former Tribune shareholders that Tribune creditors were seeking to avoid were protected from avoidance by the “safe harbor” provided by Code Section 546(e). [

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Nerd Wallet

MARCH 23, 2021

SunTrust Bank offers three core small business checking accounts: Simple Business Checking, Primary Business Checking and Business Advantage Plus Checking. With locations in 10 states, plus Washington, D.C., SunTrust caters to small-business owners looking for regional banking from a brick-and-mortar institution. In particular, SunTrust business checking stands out with its reasonable monthly account fees, incentives.

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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

Sawin & Shea

MARCH 23, 2021

Are you behind on car payments? Is a car repossession looming in your future? Now’s the time to act. Car repossession is one of the many reasons people contact the Indiana bankruptcy attorneys here at Sawin & Shea. Losing your car can completely disrupt your life and work, so you may wonder what you can possibly do to prevent it. Here’s some good news: You don’t have to just give up and allow your car to be repossessed.

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Fico Collections

MARCH 23, 2021

With the impact of COVID-19, banks and financial institutions are forced to accelerate the development and deployment of their digital capabilities as access to remote channels moved from choice to necessity. With that, the speed of continuous adoption is being seen not as an exception but rather the habit. Almost thirteen months into the pandemic, how are you measuring the effectiveness and success of your digital transformation?

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Credit Management Company

MARCH 23, 2021

When patients’ accounts go unpaid, it’s time to make an important decision. Do you continue to devote time and resources internally to obtaining payments or do you hire a vendor? More and more healthcare professionals are wrestling with this decision and many other questions regarding outsourcing their revenue cycle management. As healthcare organizations look to a post-pandemic world, the ability to enhance cash flow grows in importance.

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Katabat

MARCH 23, 2021

Enhancing Support to Clients with “White-Glove” Implementation Services. Chadds Ford PA, March 2021 – Katabat, a leading global provider of debt management software solutions and Bridgeforce LLC , an international financial services consultancy, today announced a formal partnership aimed at delivering new levels of implementation support for Katabat’s managed service debt collection software products.

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Collections

Troutman Sanders

MARCH 23, 2021

On March 22, President Joe Biden announced his intent to nominate Lina Khan to be a commissioner of the Federal Trade Commission (FTC). Khan is an outspoken critic of big tech and a former legal advisor to FTC Commissioner Rohit Chopra, Biden’s nominee to lead the Consumer Financial Protection Bureau (CFPB). Khan’s anticipated nomination again signals that the Biden administration intends to reinvigorate the federal consumer protection agencies.

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Trade 52

Burr Forman

MARCH 23, 2021

Insurance companies operate nationwide, no pun intended, and with that area of coverage comes more than their fair share of litigation. Common to each and every case is the consideration of whether the court has personal jurisdiction over the parties. With regard to insureds suing their insurance companies for denial of coverage, establishing a court’s personal jurisdiction over the insurance company is accomplished by showing either (1) general personal jurisdiction; or (2) specific personal ju

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Nerd Wallet

MARCH 23, 2021

Key takeaways Avoid using your 401(k) to pay off student loans. Early 401(k) withdrawal can cost an additional 30% in taxes and penalties. Taking money out of your 401(k) can leave you underprepared for retirement. If you’re feeling the pressures of student loan debt, you may be looking for ways to just get rid of. Cecilia Clark writes for NerdWallet.

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Student loans Student Loans Loans 52

Troutman Sanders

MARCH 23, 2021

On March 3, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the Northern District of Illinois against a third-party payment processor, BrightSpeed Solutions, Inc., and its founder and former CEO Kevin Howard. The CFPB’s complaint alleges that the defendants violated the Consumer Financial Protection Act (CFPA) and the Telemarketing and Consumer Fraud and Abuse Prevention Act and its implementing rule, the Telemarketing Sales Rule (TSR).

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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.

Burr Forman

MARCH 23, 2021

By March 16, 2020, Americans were only beginning to fully appreciate the dangers of COVID-19 and the extent of its potentially disruptive impact. On that date, all 50 states had reported at least one coronavirus case, New York City closed the country’s largest school system, and S&P took at 12% tumble. But March 16, 2020 also happened to mark the beginning of the ongoing dust-up between insurers and policyholders as to whether COVID-related losses are covered under “business interruption” (

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Taurus Collect

MARCH 23, 2021

Whatever business you are in, credit control is never the most enjoyable part of your week. Money collection is inevitable, but it can be frustrating, confronting, and distasteful, especially when valued clients have fallen behind in their payments for whatever reason. Sometimes, your in-house efforts to collect overdue payments can become a significant drain on resources.

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Burr Forman

MARCH 23, 2021

On March 11, 2021, President Biden signed into the law the American Rescue Plan Act (“ARPA”) containing $1.9 trillion in financial stimulus. Though not highly publicized, the ARPA provides important relief related to plan funding for both single employer and multiemployer pension plans. This article will focus solely on the single employer pension plan provisions of the ARPA.

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NCBA Law Practice Management Blog

MARCH 23, 2021

Law firm managers have always preferred to have staff onsite; and, the ongoing pandemic has represented a significant change in circumstances. Even now, many law offices are either entirely remote or adhering to hybrid arrangements, where attorneys and staff are sometime in the office, and sometimes at home. Now, that may not be likely to change, even as the majority of the population is vaccinated against the coronavirus.

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