Fri.Aug 16, 2024

article thumbnail

Defendant in FDCPA Case Wins MSJ After Invoking Bona Fide Error Defense

Account Recovery

A District Court judge in Arizona has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that it is entitled to the statute’s bona fide error defense after garnishing a bank account where Social Security payments were deposited to satisfy a judgment. The Background: This suit was initiated after the plaintiff’s bank account, which primarily received Social Security benefits, was garnished by the defendant, a law firm represent

article thumbnail

Trying To Vacate a Default Judgment? Why One Year Is the Magic Number.

FFGN COLLECT NY

One year is considered the magic number when trying to vacate a default judgment. But why? New York law states that a person who is not personally served with a summons and complaint has one year from learning about the judgment to defend the case and vacate the judgment. According to New York Civil Practice Law and Rules, Section 317 : Defense by person to whom summons not personally delivered.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

House Republicans Send Chopra Letter Blasting Medical Debt Credit Reporting Proposal

Account Recovery

Rather than just simply file a comment and be one of a small number of individuals and groups to denounce the Consumer Financial Protection Bureau’s proposed medical debt credit reporting rule, Republicans from the House Financial Services Committee instead chose to go right to the source, and sent CFPB Director Rohit Chopra a letter with their concerns.

article thumbnail

Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

HERNDON, Va. — Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. “This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility,” said Dave Yowan, president and CEO of Navient.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

700 Rural Hospitals At Risk of Closing Doors: Report

Account Recovery

As many as 700 rural hospitals, about one-third of the total number, are at risk of closing their doors, according to a new report. Of these, 360 are in immediate danger, which poses a significant threat to the accessibility of critical healthcare services for millions of Americans. Feeling the pain: Texas leads in the number of hospitals at risk, with 80 facilities, while Kansas has the highest number at immediate risk with 31 hospitals.

More Trending

article thumbnail

Defendant in FDCPA Case Wins MSJ After Invoking Bona Fide Error Defense

Account Recovery

A District Court judge in Arizona has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that it is entitled to the statute’s bona fide error defense after garnishing a bank account where Social Security payments were deposited to satisfy a judgment. The Background: This suit was initiated after the plaintiff’s bank account, which primarily received Social Security benefits, was garnished by the defendant, a law firm represent

article thumbnail

House Republicans Send Chopra Letter Blasting Medical Debt Credit Reporting Proposal

Account Recovery

Rather than just simply file a comment and be one of a small number of individuals and groups to denounce the Consumer Financial Protection Bureau’s proposed medical debt credit reporting rule, Republicans from the House Financial Services Committee instead chose to go right to the source, and sent CFPB Director Rohit Chopra a letter with their concerns.

article thumbnail

Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

HERNDON, Va. — Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. “This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility,” said Dave Yowan, president and CEO of Navient.

article thumbnail

700 Rural Hospitals At Risk of Closing Doors: Report

Account Recovery

As many as 700 rural hospitals, about one-third of the total number, are at risk of closing their doors, according to a new report. Of these, 360 are in immediate danger, which poses a significant threat to the accessibility of critical healthcare services for millions of Americans. Feeling the pain: Texas leads in the number of hospitals at risk, with 80 facilities, while Kansas has the highest number at immediate risk with 31 hospitals.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Daily Digest – August 16. Collector Sued for Requiring Consumer to Call After Sending Text Refusal to Pay; Defendant in FDCPA Case Wins MSJ After Invoking BFE Defense

Account Recovery

Collector Sued for Requiring Consumer to Call After Sending Text Refusal to Pay Defendant in FDCPA Case Wins MSJ After Invoking Bona Fide Error Defense House Republicans Send Chopra Letter Blasting Medical Debt Credit Reporting Proposal 700 Rural Hospitals At Risk of Closing Doors: Report Navient to sell Healthcare Services Business to CorroHealth WORTH NOTING: The cities with the most consumers who have accounts in collections … About 14% of consumers are carrying 75% of the total amount

article thumbnail

Collector Sued for Requiring Consumer to Call After Sending Text Refusal to Pay

Account Recovery

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 (855) WEB-RECON or email admin@webrecon.net today!