Account Recovery

JULY 28, 2020

Hospitals and healthcare organizations have been given permission by the Department of Health & Human Services’s Office of Inspector General to sell their debts directly to RIP Medical Debt without having to go through a third-party, according to an advisory opinion released last week. The OIG’s advisory opinion was released following a petition from RIP … The post RIP Medical Debt Gets Thumbs Up From HHS OIG To Buy Directly From Providers appeared first on AccountsRecovery

Healthcare 242

Healthcare 242

Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. If a consumer has allowed their obligations to go into delinquency they’re usually either experiencing significant financial difficulty, they’re grossly irresponsible, or they have no intention of paying. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Account Recovery

JULY 28, 2020

A number of consumer advocacy groups have asked the Federal Communications Commission to re-think a Declaratory Ruling related to interpreting how peer-to-peer messages are defined under the Telephone Consumer Protection Act. Last month, the FCC ruled that a calling platform does not meet the definition of autodialer under the TCPA — whether it is used … The post Consumer Groups Appeal FCC’s TCPA Ruling on P2P Texts appeared first on AccountsRecovery.net.

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Nexa Collect

JULY 28, 2020

As a full-time dentist and businessperson with a solitary dental practice, you are obligated to borrow values from both professions to form a devised strategy to effectively run your business. You are aware that a business establishment does not run on “debit” and that you will need all finances to be straightened out in order to keep your practice from hitting the bottom of the barrel.

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Collection Agencies Collections Agency Education Collections 130

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

JULY 28, 2020

Spire Recovery Solutions, a professional, nationally licensed full-service debt collection agency, announces the successful completion of the extensive Service Organization Control (SOC) 1 Type 1 audit from the American Institute of Certified Public Accountants. “Our team is very excited to share the news of our SOC 1 certification,” says Spire Recovery Solutions’ Chief Compliance Officer … The post Spire Recovery Solutions Earns SOC 1 Type 1 Certification appeared first on AccountsRecover

Collection Agencies 237

Collection Agencies Collections Agency Collections 237

Account Recovery

JULY 28, 2020

The National Labor Relations Board has ruled that a collection agency is engaging in unfair labor practices and ordered it to stop using a mandatory arbitration clause in its agreements with employees because the language in the agreement restricts the rights of employees when an employment dispute occurs. A copy of the ruling in the … The post NLRB Invalidates Collector’s Employee Agreement Because of Arbitration Language appeared first on AccountsRecovery.net.

Collection Agencies 147

Collection Agencies Collections Agency Collections 147

Nerd Wallet

JULY 28, 2020

Even if you’re not a Marriott loyalist, it may be worth considering the Marriott Bonvoy Business™ American Express® Card. This card offers a minimum of double points on all purchases — and even more in select spending categories — helping you quickly earn valuable Marriott Bonvoy points toward free hotel nights. As a cardholder, you. Paul Rubio is a writer at NerdWallet.

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Account Recovery

JULY 28, 2020

The Attorney General of Maryland has proposed extending a moratorium on evictions and debt collection actions through Jan. 31, 2021. The moratorium, which ended July 25, prohibited debt collection cases in state courts. The extension of the moratorium would provide the government of the state with enough time to sign “emergency legislation to assist Marylanders … The post Maryland AG Proposes Collection Moratorium Extension Through January 2021 appeared first on AccountsRecovery.net.

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Collections Government 147

Collection Industry News

JULY 28, 2020

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday upheld and strengthened a law banning the broadly unpopular but ubiquitous telemarketing practice known as robocalls, striking down an exemption to the measure that had allowed automated calls for collection of certain money owed to the government. FILE PHOTO: A man walks past the U.S. Supreme Court building in Washington, U.S., June 25, 2020.

Student loans 59

Student loans Student Loans Government Collections 59

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Collections

PDC Flow

JULY 28, 2020

People who receive a communication about an unpaid bill may not trust it at first glance. With the prevalence of scams, many consumers like to confirm your company is legitimate before paying. That’s why brand reputation is so important. . Consumers searching for you online want to learn more about your company. If your top results are negative Better Business Bureau (BBB) comments or other poor online reviews , this can dissuade consumers before they even make it to your site. .

Financial services 54

Financial services Collections 54

Nerd Wallet

JULY 28, 2020

The Chase Sapphire Reserve® is an extremely popular premium Chase credit card because it offers a valuable welcome bonus, an annual travel credit and a variety of lesser-known perks that can save you money or improve your travel experience. This metal card is ideal for frequent travelers and those who spend a good amount on. Keith M. Rosso is a writer at NerdWallet.

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Consumer Finance

JULY 28, 2020

Chairman Crapo, Ranking Member Brown, and distinguished Members of the Committee, thank you for the opportunity to present the Consumer Financial Protection Bureau’s most recent Semi-Annual Report to Congress.

Banks 52

Banks 52

Nerd Wallet

JULY 28, 2020

Let’s say you can’t make your student loan payment and you’re looking for help. You find a company through an advertisement that says it will help you, but you’re not sure if it’s legit. Sometimes the company is waving a red flag that is a clear marker of a scam: It demands money upfront. It. Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com.

Student loans 52

Student loans Student Loans Loans 52

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

Consumer Finance

JULY 28, 2020

Chairman Crapo, Ranking Member Brown, and Members of the Committee, thank you for this opportunity to provide you with an update on the CFPB’s important work. I appear before you as the country is engaged in a national conversation on racial inequality and confronting the unprecedented pandemic.

Banks 52

Banks 52

Troutman Sanders

JULY 28, 2020

FREE Webinar. Time-Barred Debt Collection Strategies. Monday, August 3 at 3pm ET. Register Now. Collecting debt where the statute of limitations has expired is a lot harder than it appears. There are additional compliance hurdles that need to be surpassed and the conversations and communications with individuals need to different. Join a pair of compliance experts as they walk through the nuances of collecting time-barred debts and how best to approach communicating with individuals.

Collections 52

Collections 52

Nerd Wallet

JULY 28, 2020

With travel practically halted, you may be wondering what you can do to earn cash back, miles or points to book future travel. Good news: There are credit cards and earning strategies to increase your balances even while you are not in the air or on the road. Best travel credit cards During normal travel. Michael McHugh is a writer at NerdWallet. Email: travel@nerdwallet.com.

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Troutman Sanders

JULY 28, 2020

Does a judicial foreclosure action constitute “debt collection activity” under the Fair Debt Collection Practices Act (“FDCPA”)? The answer depends on whether the creditor attempts to recover the unpaid mortgage balance or just the property, according to the U.S. Court of Appeals for the Ninth Circuit in Barnes v. Routh Crabtree Olson, P.C. Due to a mortgage borrower’s payment default, Federal National Mortgage Association (“Fannie Mae”) filed a judicial foreclosure action in Oregon state court,

Foreclosure 52

Foreclosure Judgment Collections Fair Debt Collection 52

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Collections

NCBA Law Practice Management Blog

JULY 28, 2020

With work from home/remote work in full swing, employees may be pleasantly surprised by how productive they can be outside of the office. Meanwhile, law firm managers, who are used to hav ing butts in seats in leased office spaces, wonder what to do next. Like many thing s that have happened over the past several months, the rise of the distributed law firm model has come as a surprise to many attorneys, most of whom are still adjusting to the ripple effects.

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Law Firms Creditors 52

Troutman Sanders

JULY 28, 2020

In Anglin v. Merchants Credit Corporation , No. 2:18-cv-507-BJR, 2020 WL 4000966 (W.D. Wash. July 15, 2020) , United States District Judge Barbara Jacobs Rothstein held that the defendants did not violate the Fair Debt Collection Practices Act (“FDCPA”) by failing to follow state procedural rules in obtaining a writ of garnishment as part of a debt collection action.

Garnishment 52

Garnishment Judgment Debt collector Fair Debt Collection 52

Fraser

JULY 28, 2020

When times are good, many business disputes between shareholders, partners, or LLC members tend to work themselves out. If business is strong, the promise of profits brings parties to the table to settle their disagreements. To the extent one party wants out, it’s easier to come up with an equitable division of assets when business is humming. When times are tough, discord more frequently leads to business disruption.

Manufacturing 44

Manufacturing Retail Government Collections 44

Collection Industry News

JULY 28, 2020

Debt Collection Solution Market Research Report is a Proficient and In-Depth Study on the Existing State of Debt Collection Solution Industry. This Report Focuses on the Major Drivers, Restraints, Opportunities and Threats for Key Players. It also Provides Granular Analysis of Market Share, Segmentation, Revenue Forecasts and Regional Analysis till 2022.

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Collections Manufacturing Law Firms Retail 40

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

Troutman Sanders

JULY 28, 2020

On July 16, 2020, Governor Cuomo of New York signed into law the Emergency Rent Relief Act of 2020, which aims to support low-income renters in New York state whose ability to pay rent has been affected by the COVID-19 pandemic by distributing rent vouchers directly to their landlords. The new law was enacted just days after the legislature introduced a bill that goes even further, aiming to cancel residential rent and certain mortgage payments accrued between March 7 and the date 90 days after

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Manufacturing Judgment 59

Collection Industry News

JULY 28, 2020

Once federal benefits dry up, highly indebted consumers could be forced to file. Credit card debt piled up for Jess Brown, and the $600 federal unemployment supplement has kept her afloat. That benefit ends this month. Credit… Eamon Queeney for The New York Times. The United States went into the Great Lockdown with the most household debt in history, stagnant incomes for all but high earners and armies of people telling pollsters they were living paycheck to paycheck.

Bankruptcy 40

Bankruptcy Credit Card Debt Creditors Banks 40

Fico Collections

JULY 28, 2020

The market for cyber insurance continues to gain momentum. A 2019 Allianz survey of risk management experts across 86 countries ranked cyber incidents as the biggest single point of risk for an organization, thus highlighting the need for an effective insurance policy to transfer risk from potentially damaging effects of a cyber-attack. It seems daily, a new high-profile data breach is reported.

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Collection Industry News

JULY 28, 2020

by Karolina Grabowska. Originally Posted On: [link]. Artificial Intelligence can make Consumer and Commercial debt collection more efficient, maximize ROI and improve customer experiences. The debt-collections industry is not particularly immune to the all-pervasive disruptions that are happening across businesses ever since the onset of the current situation and this is much understandable.

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Collections Lender Debt collector Debt Recovery 40

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