Account Recovery

MARCH 25, 2024

Judge Grants MTD in FDCPA Class Action for Lack of Standing Health Care Provider Files for BK Protection After Cyberattack and Dealing with Change Healthcare Fallout Gov’t Forgives $6B of Loans for 78k Workers Under PSLF Program Compliance Digest – March 25 WORTH NOTING: A quick, five-step method to help you get a messy house […]

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Healthcare Loans 147

Collect More

MARCH 25, 2024

This, my friends, is a billion dollar question. And here is the billion dollar answer- they don’t NEED to. Create the need and you’ll be paid. How else do you explain the $2.5 million dollars we collected in 2023 within 1 day of receiving the debt. 1 phone call or 1 email. $2.5 million dollars. That’s right- they had the money all along.

Debtor 100

Debtor Collections 100

Account Recovery

MARCH 25, 2024

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action, ruling the plaintiff lacked standing to sue over a disclosure made in a collection letter. The Background: In April of 2022, the plaintiff received a collection letter from the defendant.

Fair Debt Collection 147

Fair Debt Collection Collections 147

FFGN COLLECT NY

MARCH 25, 2024

CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, president of Frank, Frank, Goldstein & Nager 0n Sunday, March 24 to discuss former President Donald Trump’s civil fraud case. Reports stated it may not be possible for the former president to bond the state’s nearly half-billion ($500,000,000) judgment. Following the interview, the deadline to post the bond was extended an additional 10 days, and the bond requirement reduced to $175,000,000.

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Lawyers Judgment Judgment Enforcement Collections 98

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

MARCH 25, 2024

A pair of cyberattacks, including one on Change Healthcare that has impacted health care companies across the country has led Petersen Health Care, one of the largest operators of nursing homes in the country, to file for bankruptcy protection.

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Healthcare Bankruptcy 130

Account Recovery

MARCH 25, 2024

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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Consumer Finance

MARCH 25, 2024

The CFPB is working to be a leader when it comes to building agency capabilities to address transformative technologies.

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Account Recovery

MARCH 25, 2024

The federal government last week announced it had forgiven an additional $6 billion of student loan debt for 77,000 individuals under the Public Service Loan Forgiveness program, while also notifying 380,000 other public service workers that they are on track to have their loans forgiven within the next two years.

Loans 130

Loans Student loans Student Loans Government 130

Credit Corp

MARCH 25, 2024

Key Takeaways: Interest rates are fees that you pay while borrowing money until you completely repay a loan. Interest rates are calculated with the formula A=P(1+rt), which can help you find the total interest on a loan. Having a higher credit score can help you qualify for lower interest rates. In essence, interest rates work by determining how much a borrower must pay a lender while using a loan.

Lender 59

Lender Loans Financial Institution Banks 59

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Collections

Consumer Finance

MARCH 25, 2024

The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.

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Financial Institution Loans 58

Credit Corp

MARCH 25, 2024

Generally, it helps to save up to 20-25% of a house’s sales price. However, factors like geographical location, economic climate, real estate interest rates, and global events will influence how much money you’ll need to buy a house. Key Takeaways: An ideal down payment is 20% to 25% of a home’s value. USDA and VA home loans traditionally don’t require down payments.

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Loans Lender Credit Unions Credit Unions 52

Consumer Finance

MARCH 25, 2024

Today, a number of federal and state agencies released agency-specific action statements on tech capacity.

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Collection Industry News

MARCH 25, 2024

March 15 (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be paid in case of a default and companies can defer interest payments.

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Collections 40

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

BN Lawyers

MARCH 25, 2024

Here’s the latest risk management guidance, published in February 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Florida is the First State to Publish an Ethics Op Use of Generative Al – Feb 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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