Mon.Mar 11, 2024

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California AG Endorses Bill Banning Medical Debt Credit Reporting

Account Recovery

The Attorney General of California today announced he is throwing his support behind a bill in the state legislature that, among other provisions, would prohibit medical debts from being reported on consumers’ credit reports. The bill goes as far as to prohibit the credit reporting agencies from even accepting information about consumers’ medical debts.

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Time is Money-the true cost of in-house collections

American Profit Recovery

If your organization is burdened with negative cash flow, your ability to keep customers current in their financial obligations becomes mission critical. Approaches to achieving that and getting customers to pay you regularly differ. Many organizations still rely on in-house debt collection teams as part of their accounts receivable program. While in theory, this may have moderate benefits, relying on internal resources for all your collection activity may ultimately be a negative.

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Daily Digest – March 11. California AG Endorses Bill Banning Medical Debt Credit Reporting; Oregon Enacts Law Amending Garnishment, Collection Practices

Account Recovery

California AG Endorses Bill Banning Medical Debt Credit Reporting Oregon Enacts Law Amending Garnishment, Collection Practices Judge Grants Summary Judgment for Plaintiff on FDCPA Wrongful Garnishment Claim Compliance Digest – March 11 WORTH NOTING: How to choose the best hairbrush for your hair type … I can kind of understand one pilot taking a nap, […]

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On March 8, the Consumer Financial Protection Bureau (CFPB) published a blog post seeking consumer input on experiences with the closing process of consumer mortgages, and in particular, closing costs.

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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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Oregon Enacts Law Amending Garnishment, Collection Practices

Account Recovery

The Oregon legislature has passed a bill that amends state law related to what can be garnished after obtaining a judgment for an unpaid debt. The bill, called the Family Financial Protection Bill, is sponsored by state Rep. Nathan Sosa, a Democrat, and now heads to the desk of Gov.

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Compliance Digest – March 11

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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Judge Grants Summary Judgment for Plaintiff on FDCPA Wrongful Garnishment Claim

Account Recovery

A District Court judge in Missouri has granted a plaintiff’s motion for summary judgment that the defendant violated the Fair Debt Collection Practices Act by “significantly overstating” how much the plaintiff owed when garnishing her wages in attempting to collect on a judgment in had obtained, but did grant the defendant’s motion for summary judgment […]