Mon.Aug 22, 2022

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Daily Digest – August 22. Judge Denies MTD in FDCPA Case; Consumers Paying More for Healthcare Leads to Lower Collection Rates

Account Recovery

JUDGE DENIES MTD IN FDCPA CASE A District Court judge in Texas has denied motions to dismiss filed by three defendants in a Fair Debt Collection Practices Act case, ruling that the one defendant who claimed not to have been properly served with the summons and complaint was, that all of the defendants can be … The post Daily Digest – August 22.

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How Much Does a Car Battery Cost?

Nerd Wallet

Car batteries are the epitome of getting what you pay for. Depending on what you’re looking for, the cost of a battery ranges from around $60 for a battery with a shorter life, or upwards of $300 for one that delivers high performance. And if you’re talking hybrid or electric car batteries? They’re even more. Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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Judge Denies MTD in FDCPA Case

Account Recovery

A District Court judge in Texas has denied motions to dismiss filed by three defendants in a Fair Debt Collection Practices Act case, ruling that the one defendant who claimed not to have been properly served with the summons and complaint was, that all of the defendants can be sued in Texas because that is … The post Judge Denies MTD in FDCPA Case appeared first on AccountsRecovery.net.

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Smart Money Podcast: Booking a Dream Disney Vacation for Cheap

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we usually answer your real-world money questions. This week we’re running an episode from our financial dream series, where we talk with Nerds who have accomplished their financial dreams and interview outside guests about what they want to do with their money in 2022. Check out this episode. Liz Weston, CFP® writes for NerdWallet.

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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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Consumers Paying More for Healthcare Leads to Lower Collection Rates

Account Recovery

The amount of bad debt at healthcare providers that is attributable to self-pay after insurance accounts grew sixfold between 2018 and 2021, and represented nearly 60% of all bad debt, according to a report released this month by Crowe Revenue Cycle Analytics. Once out-of-pocket expenses reached $7,500, the report labeled that the “vanishing point” because … The post Consumers Paying More for Healthcare Leads to Lower Collection Rates appeared first on AccountsRecovery.net.

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Compliance Digest – August 22

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Spot Fees: Top Crypto Exchange Rates, What to Know

Nerd Wallet

A spot trade takes place whenever a financial instrument changes hands and is paid for immediately. If you buy or sell cryptocurrency through a spot trade, you’ll pay a spot fee to the exchange for facilitating the transaction. Spot trading isn’t just for cryptocurrencies: You can spot trade stocks and bonds, too. And not all. Kurt Woock writes for NerdWallet.

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Wisc. Legal Services Group to Use Grant Funds to Help People Sued By Collectors, Debt Buyers

Account Recovery

Legal Action of Wisconsin, the largest non-profit free civil legal services law firm in the state, has received a grant of nearly $400,000 that it plans to use help low-income individuals who are being sued by debt collectors and debt buyers in small claims court, according to a published report. The grant was awarded by … The post Wisc. Legal Services Group to Use Grant Funds to Help People Sued By Collectors, Debt Buyers appeared first on AccountsRecovery.net.

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Hyatt Lifetime Globalist: What to Know

Nerd Wallet

The World of Hyatt loyalty program is small but mighty. The portfolio of hotels in the Hyatt family is not as extensive as those of other programs, but the program’s benefits are rich. This helps to make up for the smaller footprint of hotels so that when loyal Hyatt guests check in, they feel rewarded. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Collect Rx Joins Healthcare Revenue Cycle Leader Wakefield & Associates to deliver Out-of-Network Solutions

Account Recovery

Wakefield & Associates, a leading healthcare revenue cycle solutions company, announced today that Collect Rx has joined the Wakefield organization. Together, the two companies will leverage combined capabilities to provide a full spectrum of revenue cycle solutions, including Out-of-Network Claims resolution to healthcare providers across the country.

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The Best Capital One Credit Card Offers for Travel

Nerd Wallet

Much like American Express, Chase and Citi, Capital One offers a few credit cards specifically for travelers. These travel rewards cards, which feature a variety of benefits, allow you to earn miles on your purchases and then redeem them towards things like airfare, hotel stays and other travel costs. Two of Capital One’s credit cards. Carissa Rawson writes for NerdWallet.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On August 19, the Federal Deposit Insurance Corporation (FDIC) issued letters, demanding that five crypto-related companies cease and desist from issuing consumer disclosures that imply the companies’ products are insured by the FDIC.

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How to Renew TSA PreCheck

Nerd Wallet

If you already have TSA PreCheck, you likely can’t imagine traveling without it. Membership often means shorter wait times in airport security lines, even at crowded airports with large numbers of travelers. In fact, in June 2022, 94% of the TSA PreCheck program members waited less than five minutes to pass through airport security, according. Paul Rubio 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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Ninth and Eleventh Circuit Agree: Class Members With No Injury = No Class Settlement Approval

Troutman Sanders

Recently, the Ninth Circuit joined its sister circuit, the Eleventh, in vacating class settlements on standing grounds. In Harvey v. Morgan Stanley Smith Barney LLC , the court vacated the district court’s approval of the settlement agreement and remanded with instructions that the district court assess each individual class member for sufficient injury.

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