Account Recovery

NOVEMBER 18, 2020

JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA LETTER CASE, DENIES MOTION FOR ATTORNEY’S FEES A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings, but denied its motion for defense fees under the Fair Debt Collection Practices Act’s fee-shifting provision, after it was sued in a class-action for … The post Daily Digest – November 18.

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Nerd Wallet

NOVEMBER 18, 2020

Life insurance applications for Americans have jumped in 2020 as the COVID-19 pandemic has made us more aware of our own mortality. No one has been more interested in their own life insurance gaps than the under-45 crowd. Application activity has grown almost twice as fast this year for Americans 44 and younger as for. Andrew Marder is a writer at NerdWallet.

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Account Recovery

NOVEMBER 18, 2020

The Department of Health and Human Services’ Office of Civil Rights has fined two more healthcare providers for violating the Health Insurance Portability and Accountability Act (HIPAA) for not providing individuals with access to their medical records, which could intersect with the Fair Debt Collection Practices Act for any agency that is working healthcare accounts. … The post HHS Fines Providers For Not Providing Medical Records; Why Collectors Need to Pay Attention appeared firs

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Nerd Wallet

NOVEMBER 18, 2020

The COVID-19 pandemic will continue to touch every corner of the housing market in 2021. It will keep mortgage rates low and affect who will be able to buy homes. That’s not all. A wave of foreclosures will begin in 2021 unless lenders, nonprofits and the federal government coordinate effectively to prevent it. And housing. Holden Lewis is a writer at NerdWallet.

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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

NOVEMBER 18, 2020

The Consumer Financial Protection Bureau has shelved plans to reorganize its supervision and enforcement units, according to a published report, after receiving feedback from within the agency that the moves were not a good idea. The Bureau had announced the changes last month in an attempt to eliminate the “arguing” that goes on in the … The post Employee Pushback Leads CFPB to Halt Planned Reorganization appeared first on AccountsRecovery.net.

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Account Recovery

NOVEMBER 18, 2020

The number of individuals with an account that has been placed with a collection agency continued to hit record lows in the third quarter, even as the average collection amount per person increased, according to data released yesterday by the Federal Reserve Bank of New York. Less than 8% of consumers had a debt in … The post Household Debt Increases During 3Q, But Number of Consumers With Debt in Collections Plummets appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 18, 2020

Most student loan borrowers receive a six-month grace period before their payments start. But with federal loan payments paused through the end of the year, recent college graduates are getting a little bit longer break. Except those with private student loans. If you have these loans, your first payment will likely be due soon if. Ryan Lane is a writer at NerdWallet.

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Student loans Student Loans Loans 104

Account Recovery

NOVEMBER 18, 2020

A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings, but denied its motion for defense fees under the Fair Debt Collection Practices Act’s fee-shifting provision, after it was sued in a class-action for allegedly misleading the plaintiff about to whom a settled debt would be reported to, … The post Judge Grants Motion for Defendant in FDCPA Letter Case, Denies Motion for Attorney’s Fees appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 147

Nerd Wallet

NOVEMBER 18, 2020

IHG hotels range from the lavish InterContinental and Regent Hotels down to the more budget-minded Holiday Inn Express. And no matter what kind of traveler you are, IHG Rewards Club membership can earn you rewards toward future stays — plus upgrades on your existing stays. Adopt the right IHG optimization strategy, and you can not. Rand Shoaf is a writer at NerdWallet.

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Collections

Burr Forman

NOVEMBER 18, 2020

Reprinted with permission from the Birmingham Medical News. On October 8, 2020, the Centers for Medicare & Medicaid Services (“CMS”) announced amended repayment terms for loans (“AAP Loans”) issued under the Accelerated and Advance Payment Program (the “AAP Program”), to help ease the terms of repayment and recoupment.

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Loans Healthcare 52

Nerd Wallet

NOVEMBER 18, 2020

Hyatt and Chase will soon be putting the legacy Hyatt Credit Card to bed. On Jan. 11, 2021, holders of that older product will be migrated to The World Of Hyatt Credit Card, which was rolled out in summer 2018. Since that time, the older version hasn’t been accepting new applications, although existing cardholders had the. Erin Hurd is a writer at NerdWallet.

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FFGN COLLECT NY

NOVEMBER 18, 2020

To ensure timely payments from their customers, many companies have clauses in their agreements or invoices with terms of interest for late payments. It is not uncommon for invoices to state they must be paid within 30 days, after which the balance shall accrue at 1.5% interest per month. There is no set limit in New York for how much interest may be charged, but the amount should be reasonable and not excessive.

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Loans Lender Collections 52

Nerd Wallet

NOVEMBER 18, 2020

For Wyndham fans, the new Wyndham Rewards® Earner? Plus Credit Card brings loads of value. With a sizable welcome bonus, elite status and an annual anniversary bonus, there are plenty of perks to appeal to those looking for a new hotel credit card. However, a lot of lesser-known benefits are worth a look, too. From. Amanda Johnson is a writer at NerdWallet.

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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

Burr Forman

NOVEMBER 18, 2020

Reprinted with permission from the Birmingham Medical News. On October 8, 2020, the Centers for Medicare & Medicaid Services (“CMS”) announced amended repayment terms for loans (“AAP Loans”) issued under the Accelerated and Advance Payment Program (the “AAP Program”), to help ease the terms of repayment and recoupment.

Loans 52

Loans Healthcare 52

Nerd Wallet

NOVEMBER 18, 2020

The JetBlue Business Card is very similiar to one of JetBlue’s two consumer cards, the JetBlue Plus Card — so similar, in fact, that you might have a hard time telling them apart. Both are excellent cards for JetBlue loyalists. Like the Plus version, the business card boasts an impressive welcome offer, ongoing bonus rewards for eligible flights. Kimberly Palmer is a writer at NerdWallet.

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Payment Savvy

NOVEMBER 18, 2020

If your business faces potential financial failure risks or is prone to a high chargeback ratio, it is considered a high-risk business. High-risk industries typically face numerous regulatory measures or face an uphill battle to be successful and profitable. It seems like a perfectly vague definition, right? Not surprisingly, many business owners do not even know their business model is considered high-risk until searching out a merchant account for credit and debit card acceptance.

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Nerd Wallet

NOVEMBER 18, 2020

Anyone looking for a $0-annual-fee credit card has plenty of options to choose from. However, if a co-branded airline credit card is what you’re after, no-fee options can be slim, lacking the valuable benefits and rewards offered by their higher-fee counterparts. Thankfully, this isn’t the case with the new United Gateway? Card. This new United. Bethany Walsh is a writer at NerdWallet.

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Collections

NCBA Law Practice Management Blog

NOVEMBER 18, 2020

Adding new software to a law firm is often a challenge. But, the reward is great. The issue is that most law firms stumble out of the starting blocks, and then squander any gains that they may have had. One way law firms screw this up is to spend too little time vetting software, so that they’re surprised by what they view as limitations during the implementation process -- which may be actual limitations, or just undiscovered existing features, of which the law firm is not aware, because they d

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Law Firms Lawyers Creditors 52

Nerd Wallet

NOVEMBER 18, 2020

Unexpected delays can quickly turn a fun home remodeling project into stressful misery. But you’ve got more power than you think to keep your project on schedule — and it all comes down to what you do before a single nail is hammered. These six proactive tips will help you avoid remodel problems so your. Roberta Pescow is a writer at NerdWallet. Email: USexpansion@nerdwallet.com.

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Public Citizen

NOVEMBER 18, 2020

Amy Widman of Rutgers has written P rotecting Consumer Protection: Filling the Federal Enforcement Gap, 69 Buffalo Law Review __ (2021) (Forthcoming). Here is the abstract:  Since 2014, when a first-of-its-kind empirical study looked at how public enforcers use their authority under UDAP laws, the enforcement landscape has changed. Most notably, the Trump Administration has weakened enforcement on the federal level.

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