Account Recovery

SEPTEMBER 9, 2022

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of the Fair Debt Collection Practices … The post CFPB Warns Collectors Working Nursing Home Accounts About Potential FDCPA Violations appeared first on AccountsRecovery.

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Fair Debt Collection Debt collector Collections 246

Enterprise Recovery

SEPTEMBER 9, 2022

If your organization is facing slow cash flow, accounts receivable management may be the problem. Every invoice starts in accounts receivable so it's important to manage the procedures to reduce delinquent payments. Let's look at some efficient A/R practices to get you paid. How does accounts receivable increase collections?

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Accounts Receivables Management Collections 200

Account Recovery

SEPTEMBER 9, 2022

While there may be people in the industry celebrating that the Hunstein case was dismissed by the Eleventh Circuit Court of Appeals yesterday, a pair of recently issued rulings from the Northern District of Illinois illustrate that the fight over the use of letter vendors to print and mail collection letters is not over — … The post Pair of NDIL Hunstein Cases Remanded Back to State Court for Lack of Standing appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

SEPTEMBER 9, 2022

The Biden administration announced plans for federal student loan relief last month. The plans include the cancellation of up to $10,000 in debt for borrowers who meet income requirements and up to $20,000 for Pell Grant recipients. Beyond cancellation, the proposal also extended the pause on loan repayment through the end of the year and. Lauren Schwahn writes for NerdWallet.

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Student loans Student Loans Loans 92

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

SEPTEMBER 9, 2022

APPEALS COURT DISMISSES HUNSTEIN FOR LACK OF STANDING The Court of Appeals for the Eleventh Circuit issued its long-awaited ruling in Hunstein v. Preferred Collection & Management Services yesterday, dismissing the case because the plaintiff lacked standing to sue in federal court.While the result may be seen as good news by some in the ARM industry, it … The post Daily Digest – September 9.

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Collections 245

Account Recovery

SEPTEMBER 9, 2022

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Action Filed Over Blank Itemization Table Line Items in MVN appeared first on AccountsRecovery.net.

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Nerd Wallet

SEPTEMBER 9, 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The year 2022 has not been kind to our wallets. But amid rising prices (i.e., inflation) there’s at least.

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Education Banks 85

Burr Forman

SEPTEMBER 9, 2022

On September 8, 2022, in Hunstein v. Preferred Collection and Management Services, Inc. , No. 19-14434, the Eleventh Circuit Court of Appeals issued an en banc decision which departs significantly from the panel decision on Article III standing issues and statutory causes of action. The case has broad implications for how the Eleventh Circuit applies Article III standing analysis, particularly in consumer finance cases, but also in other cases where a statutory violation has a dubious relationsh

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Collections 52

Nerd Wallet

SEPTEMBER 9, 2022

Depending on your specific Chase credit card and the promotions available, it may qualify for a quarterly bonus. Each quarter, you may earn extra Chase Ultimate Rewards® points or cash back through qualifying spending. If you have the Chase Freedom Flex? card or Chase Freedom® card, each quarter you can activate a 5% cash back. Josh Garber writes for NerdWallet.

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Advertisement

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.

Collections

UK debt collections

SEPTEMBER 9, 2022

The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022. The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit, the amount that needs to be paid up-front to seek an order, will be increasing in all cases where a petition is filed at court on or after 1 November 2022

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Bankruptcy Creditors 52

Nerd Wallet

SEPTEMBER 9, 2022

Relying on a credit limit in a shaky economy is the equivalent of expecting a weak bridge to weather a storm and carry you to survival. It’s not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there’s potential for economic distress. Credit card issuers took these. Melissa Lambarena writes for NerdWallet.

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Fraser

SEPTEMBER 9, 2022

Report Shows Decline in Health Care Employment. The Michigan Health & Hospital Association, Michigan State Medical Society, and Michigan Osteopathic Association jointly issued a report showing that the number of health care jobs in Michigan declined in the first year of the COVID-19 pandemic, due in large part to burnout associated with the pandemic.

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Startups Construction 40

Nerd Wallet

SEPTEMBER 9, 2022

We’ve all seen those happy flyers sitting up in the front, enjoying a hot towel and a glass of champagne while we trudge back to seat 42B. Comfort, relaxation and luxury — there’s no denying that first class will get you where you want to be in style, but is first class worth it? Here’s. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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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

NACM

SEPTEMBER 9, 2022

?? This week's episode of NACM's Extra Credit #podcast is all about fraud. Credit departments have reported an increase in attempts to setup fraudulent accounts, and fraud can even take place during your product's journey to the customer. Learn how to spot fraud before it happens at every step of the order to cash process.

Credit Management 5

Credit Management 5

Nerd Wallet

SEPTEMBER 9, 2022

After scaling back on basic economy during the height of the COVID-19 pandemic, American Airlines’ basic economy fares have become commonplace once again. Now, the first price you’ll see when searching American flights is likely a basic economy fare. However, at checkout, American will try to upsell you to main cabin fares. That may have. JT Genter writes for NerdWallet.

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