Account Recovery

JANUARY 4, 2022

The Attorney General of New York has canceled and recovered more than $265,000 in “illegal” debt and imposed a fine of $50,000 as part of an investigation into a company that provides off-campus housing to students attending SUNY Buffalo State College. Under the terms of the settlement, $200,000 of debt will be canceled and nearly … The post AG Cancels, Recovers $265k in ‘Illegal’ Debt, Assesses $50k Fine appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 4, 2022

What is malpractice insurance? Malpractice insurance is insurance that protects doctors, lawyers and other professionals from liability for events that injure or kill patients or clients. Many states require physicians and other professionals to have malpractice insurance. » MORE: Many states also require errors and omissions insurance Malpractice insurance typically covers: Attorney fees.

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Lawyers 103

Account Recovery

JANUARY 4, 2022

THE CASELAW THAT SHAPED THE INDUSTRY IN 2021 It is likely not a surprise to anyone what the most impactful lawsuit was to the accounts receivable management industry in 2021. But the suit that was the second-most important might surprise some. And some hope that the case that was the most impactful in 2021 is … The post Daily Digest – January 4.

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Judgment Accounts Receivables Management 246

Nerd Wallet

JANUARY 4, 2022

2022. New year. New you. New look at banking? It would be a smart move. Now is a great time to take a fresh look at your banking habits and see what you can do to help reach your financial goals. Here are five facts to know about banking in 2022 and actions you can. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette.

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Banks 100

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

JANUARY 4, 2022

It is likely not a surprise to anyone what the most impactful lawsuit was to the accounts receivable management industry in 2021. But the suit that was the second-most important might surprise some. And some hope that the case that was the most impactful in 2021 is also the most impactful in 2022, albeit for … The post The Caselaw that Shaped the Industry in 2021 appeared first on AccountsRecovery.net.

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Accounts Receivables Management 246

Account Recovery

JANUARY 4, 2022

A class-action complaint has been filed against a collector for allegedly violating the Fair Debt Collection Practices Act because it mentioned at the top of a collection letter that the letter’s recipient could call the collector for further assistance, while disclosing at the bottom of the letter that if the recipient wanted to dispute the … The post FDCPA Class Action Alleges ‘Contradictory’ Statements in Letter Misled Consumer appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Jimerson Firm

JANUARY 4, 2022

A new Florida law, effective July 1, 2021, prohibits local governments from requiring a person to obtain a local contractor’s license for certain types of work, including plastering, painting, and flooring. This new law also phases out local governments from issuing certain types of contractor’s licenses until July 1, 2023, and shifts all contractor’s licensing to the Florida Department of Business and Professional Regulation (“DBPR”).

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Account Recovery

JANUARY 4, 2022

The Governor of New York last week signed a bill into law that will lower the interest rate that can be charged on unpaid money judgments to 2%. The law not only applies to new judgments, but also will be applied retroactively to any judgment that is not fully paid or satisfied when the law … The post N.Y. Enacts Law Lowering Judgment Interest on Consumer Debts appeared first on AccountsRecovery.net.

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Judgment 245

Troutman Sanders

JANUARY 4, 2022

Colorado and Delaware have enacted new laws for automatic renewal or negative options offers. The new laws became effective January 1, 2022. Illinois already has a law on the books related to automatic renewals but has recently made a few minor amendments to it. Colorado. Companies must disclose the following in a clear and conspicuous manner before executing the contract: The contract will automatically renew or extend after the initial period for a set period of not more than one year unless t

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Trade 98

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Collections

Nerd Wallet

JANUARY 4, 2022

Payanywhere is a payments platform that allows U.S. businesses to accept credit card transactions in store, online and on the go. For merchants looking for a mobile POS with straightforward pricing, it’s a strong option. It stands out by offering flat-rate pricing and free next-day funding. The platform, launched in 2011 by its parent company, North American.

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Jimerson Firm

JANUARY 4, 2022

Recently, the FCC’s long-awaited Reassigned Numbers Database (commonly referred to as the “RND”) went live for use. The significance of the RND is that it offers companies the ability to query whether a telephone number was permanently disconnected after the date the consumer provided consent for calls or text messages. The RND is a tool that is intended, at least in part, to assist companies in avoiding or limiting liability and exposure for violation of the Telephone Consumer Protection Act (T

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Financial services Banks 52

Nerd Wallet

JANUARY 4, 2022

When it comes to luxurious flight experiences, it’s hard to compete with either Emirates Airlines or Qatar Airways, two airlines that offer some of the most highly-ranked airline suites in the world. If you’re deciding whether you want to book Qatar Qsuite versus Emirates first class — or if you’re just curious about which of. Josh Garber writes for NerdWallet.

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On Guard

JANUARY 4, 2022

How adopting robots can help you to achieve your data-driven dreams. Robotic Process Automation, otherwise known as RPA, along with Intelligent Automation (IA) continue to have a major impact in finance. In fact, during the past year there has been a surge in the uptake of RPA according to findings from the latest year-on-year (YoY) analysis data in our 2021 Fintech Barometer.

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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

Nerd Wallet

JANUARY 4, 2022

Cheap life insurance isn’t out of reach, especially if you’re healthy. Compare rates from a range of carriers, and apply as soon as you identify a need for coverage — such as when you take on a new financial obligation, like getting a mortgage or having a child. To get started, here’s a breakdown of. Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com.

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Troutman Sanders

JANUARY 4, 2022

David Anthony, a partner with Troutman Pepper, is quoted in the Law360 article, “ Consumer Protection Cases and Policy to Watch in 2022.”. “Although Facebook endeavored to answer the question of what constitutes an ATDS, it left many other questions unanswered and raised others,” said David Anthony, a partner at Troutman Pepper. “These questions include whether a plaintiff may nevertheless survive the pleadings stage on the ATDS question, or whether the device used to place the call need only ha

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Nerd Wallet

JANUARY 4, 2022

You’re probably familiar with Southwest, the popular airline famous for its free checked bags and laissez-faire approach to seating. With thousands of flights per day and a robust route network, Southwest is a strong competitor in the U.S. airspace — which makes the airline’s co-branded credit cards an appealing option for travelers. But when is. Carissa Rawson writes for NerdWallet.

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TCPA

JANUARY 4, 2022

The Western District of New York in Clark v. Buffalo City School District, Case No. 1:21cv00700, 2021 WL5764703 (W.D.N.Y. Oct.

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Collections

Nerd Wallet

JANUARY 4, 2022

Architects have a lot to consider when creating a design, including building codes, geography, project budget and the space’s intended function. Miss a deadline, measurement or safety regulation and your firm could face legal action. The right business insurance can protect architects from the financial blow of those lawsuits. Here are more details about business.

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Public Citizen

JANUARY 4, 2022

On New Year's Eve, New York's Governor Hochul signed the Fair Consumer Judgment Interest Act, which caps interest rates on money judgments arising out of consumer debt, including medical and student debt, at two percent. The law, which will take effect in four months, will apply to all money judgments arising from consumer debt, including judgments that are not yet fully paid and satisfied as of the effective date of the act.

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Judgment 40

Nerd Wallet

JANUARY 4, 2022

Life insurance sounds complicated, but you might be surprised to learn how affordable life insurance can be — especially if you buy it while you’re young and healthy. For example, let’s look at a 20-year, $500,000 term life policy. A 30-year-old could lock in a monthly premium to match the price of a movie ticket. Katia Iervasi writes for NerdWallet.

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Public Citizen

JANUARY 4, 2022

The National Consumer Law Center has published, here , a list of federal and state consumer law rights scheduled to go into effect or to expire during the period from November 30, 2021, through the end of 2022. Topics include laws related to debt collection, bankruptcy, student loans, and medical debt.

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Student loans Student Loans Bankruptcy Loans 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.

TCPA

JANUARY 4, 2022

The Western District of New York in Clark v. Buffalo City School District, Case No. 1:21cv00700, 2021 WL5764703 (W.D.N.Y. Oct.

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Direct Recovery

JANUARY 4, 2022

With all of the hype around electric vehicles exploding over the past few years, the idea of owning a Tesla has become a lot more reasonable for consumers all over the country. Of course, there is still a wide gap between dreaming about owning a fancy electric car and actually pulling the trigger on purchasing one, but closing that gap is getting easier and easier every single day.

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Troutman Sanders

JANUARY 4, 2022

The U.S. Supreme Court’s long-awaited decision in Facebook v. Duguid , 141 S. Ct. 1163 (2021), answered in the affirmative a question that had divided courts for years: Did the Telephone Consumer Protection Act’s (TCPA) definition of “automatic telephone dialing system” (ATDS) require random or sequential number generation? But it also created a new question: How would lower courts implement that decision?

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Judgment Banks 52