Fri.Mar 26, 2021

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Maryland Legislature Passes Medical Collection Bills

Account Recovery

The Maryland Senate and House of Representatives each have voted unanimously to approve their own versions of a bill that affect how medical debts are collected, but opponents of the measure were able to get a key provision removed from the bills that would have established a threshold for which collection lawsuits could be filed. … The post Maryland Legislature Passes Medical Collection Bills appeared first on AccountsRecovery.net.

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Collections Effectiveness Index

Enterprise Recovery

The Collections Effectiveness Index is measured as a percentage of accounts receivable collected within a given time period.

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Legislation Proposed to Use CRA to Repeal OCC’s ‘True Lender’ Rule

Account Recovery

In a sign of what may be to come, two members of Congress have announced plans to use the Congressional Review Act to repeal the Office of the Comptroller of the Currency’s “True Lender” rule, which was put into effect to help facilitate the sale of loans and portfolios from banks to debt buyers, among … The post Legislation Proposed to Use CRA to Repeal OCC’s ‘True Lender’ Rule appeared first on AccountsRecovery.net.

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Should I Stay Loyal to United Under the Airline’s COVID-Era Rules?

Nerd Wallet

A farewell to change fees. Free standby. An easier path to elite status. Airline rules changed a lot in 2020, potentially upending the reasons you favor one airline over another. If you fly United Airlines, it’s time to ask: “Should I keep choosing United in 2021 and beyond?” To help you decide, here’s a closer. Alisha McDarris 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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VoApps Announces The Hiring of Ron Elgin as Vice President of Sales

Account Recovery

ATLANTA — March 26 — VoApps, a technology leader in the contact and communications industry, is excited to announce the hiring of Ron Elgin as its new Vice President of Sales. Elgin joins VoApps as the company continues to grow and provide its customers with excellent returns on investment. He has spent more than 30 years in the … The post VoApps Announces The Hiring of Ron Elgin as Vice President of Sales appeared first on AccountsRecovery.net.

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Judge Grants MSJ for Defendant in FDCPA Case Over Dismissed Collection Suit

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act because it tried to sue the plaintiff twice for an unpaid debt, but neither summons was ever served and the lawsuits were dismissed, thus causing the … The post Judge Grants MSJ for Defendant in FDCPA Case Over Dismissed Collection Suit appeared first on AccountsRecovery.net.

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Avon Grows Business and Cuts Bad Debt

Fico Collections

Growing The Business On The Cloud. Avon, part of the Natura & Co Group and one of the largest direct selling companies in the world, has used the FICO® Platform to improve its credit granting in Brazil, reducing its representatives’ bad debt indicators by 72 percent. Avon was also able to automate 90 percent of limit increase requests made by sales representatives.

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Daily Digest, March 26. Judge Grants MSJ For Defense Over Dismissed Collection Suit; Maryland Legislature Passes Medical Collection Bills

Account Recovery

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER DISMISSED COLLECTION SUIT A District Court judge in Wisconsin has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act because it tried to sue the plaintiff twice for an unpaid debt, but neither … The post Daily Digest, March 26.

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A Guide to World Business Class from KLM

Nerd Wallet

SkyTeam alliance member KLM Royal Dutch Airlines is one of the largest international airline carriers in the world, servicing over 150 destinations worldwide with a hub at Amsterdam’s Schiphol Airport. Though the airline has a long-standing reputation for an aging fleet and tired business class product, it has been busy modernizing via investments in new.

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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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Court: “Confusion, Stress, Concern, and Fear” Alone Are Not Enough to Create Concrete Injury Under FDCPA

Troutman Sanders

The plaintiff, an individual consumer, filed a chapter 7 bankruptcy petition, including in his schedules a debt for past-due rent for a former apartment. The bankruptcy was a matter of public record and was listed on his credit reports. After the plaintiff obtained his bankruptcy discharge, the defendant debt collector sent the plaintiff two collection letters, demanding payment of the debt for past-due rent.

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A Points Collector’s Guide to Cathay Pacific

Nerd Wallet

Regarded as one of the world’s best airlines, Cathay Pacific is the unofficial airline serving Hong Kong International Airport. The carrier flies to more than 71 locations throughout mainland China, Hong Kong, Macao, Taiwan, Africa, the Americas, Australasia, Europe and the Middle East. Cathay Pacific flies both Boeing and Airbus planes, and is also a.

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Getting paid in a perfect storm: six benefits of an order-to-cash platform

On Guard

Getting paid in a perfect storm: six benefits of an order-to-cash platform. With the pandemic creating financial uncertainty for many businesses, a total of $23.4bn is now owed to British firms. The UK government has introduced measures to protect businesses against insolvency for up to 40 days, plus a temporary extension to April 2021 of a ban on statutory demands and use of winding up petitions to chase commercial debts.

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Women’s History Month – Women In Leadership

Burr Forman

Who were the first women lawyers? Based on what we now know from archaeology and ancient artifacts, the answer may surprise you. This podcast examines the role of women as “lawyer-scribes” in ancient Mesopotamia, Canaan and Egypt—sometimes referred to as “the cradle of civilization.” Research on legal contracts and proceedings, as well as religious texts and images from these cultures, provide clues on women’s roles in the law in ancient history.

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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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The FTC Reflects on a Busy Year

Troutman Sanders

On March 25, the Federal Trade Commission (FTC or Commission) released an article reflecting on its work in 2020. The following are some of the most notable actions of the FTC in 2020: The Commission launched a new website , where consumers can report scams and frauds. A new initiative, called the Community Advocate Center, was created to partner with legal aid organizations to expand the FTC’s outreach to low-income communities and encourage them to report fraud.