Tue.Nov 22, 2022

article thumbnail

Class Action Accuses Collector of Requiring Reason to Accept Dispute

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 … The post Class Action Accuses Collector of Requiring Reason to Accept Dispute first appeared on AccountsRecovery.net.

246
246
article thumbnail

Despite New Law, Consumers Feel Ambushed by Surprise Medical Bills

Nerd Wallet

The No Surprises Act, billed as protection for patients against surprise medical bills, took effect on New Year’s Day 2022. But has the federal law actually curbed health care charges at high out-of-network rates, as well as certain forms of “balance billing” for the portion of provider charges not covered by insurance? The new law’s. John Rossheim writes for NerdWallet.

127
127
Insiders

Sign Up for our Newsletter

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

article thumbnail

FCC Rules Consent Needed for Ringless Voicemails

Account Recovery

The Federal Communications Commission yesterday announced it had issued a declaratory ruling that entities using ringless voicemail products must first obtain the consent of the consumer before using the product to drop voicemails into consumers’ voicemail boxes. The ruling, which the FCC said was unanimous, means that ringless voicemails are considered to be telephone calls … The post FCC Rules Consent Needed for Ringless Voicemails first appeared on AccountsRecovery.net.

246
246
article thumbnail

Federal Student Loan Forbearance Extended Yet Again

Nerd Wallet

The White House has once again extended the federal student loan payment pause as it battles lawsuits threatening to derail its sweeping student debt forgiveness plan. Students may be off the hook for payments until summer 2023, the Department of Education said Tuesday. But if the Supreme Court decides the fate of Biden’s plan to. Eliza Haverstock writes for NerdWallet.

article thumbnail

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.

article thumbnail

JPMorgan, Mastercard Partner on New Pay-by-Bank Service

Account Recovery

JPMorgan Chase and Mastercard have announced a partnership that will enable consumer data to be shared by “trusted” entities and allow consumers to pay bills from their bank account with greater ease and security. Called Pay-by-Bank, the solution will even use machine learning to determine the best time to initiate payments based on a consumer’s … The post JPMorgan, Mastercard Partner on New Pay-by-Bank Service first appeared on AccountsRecovery.net.

Banks 246

More Trending

article thumbnail

Judge Grants MTD in FDCPA Case Over Collection of BK Debt

Account Recovery

A Magistrate Court judge in Puerto Rico has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it sent a letter to an individual attempting to collect on a debt that had been included in a petition for bankruptcy, ruling it was not the defendant’s … The post Judge Grants MTD in FDCPA Case Over Collection of BK Debt first appeared on AccountsRecovery.net.

article thumbnail

Assignment of Benefits Under Florida Law: Businesses and Insurers Beware

Jimerson Firm

Florida’s assignment of benefits statute affects homeowners and businesses alike, and both parties should proceed with caution when dealing with an assignment of benefits agreement. Indeed, section 627.7152 of the Florida Statutes codifies the requirements for a valid assignment of benefits agreement. See Section 627.7152 of the Florida Statutes. What Is an Assignment of Benefits Agreement.

98
article thumbnail

Daily Digest – November 22. Class Action Accuses Collector of Requiring Reason to Accept Dispute; Judge Grants MTD in Case Over BK Debt

Account Recovery

CLASS ACTION ACCUSES COLLECTOR OF REQUIRING REASON TO ACCEPT DISPUTE The defendant in a class-action lawsuit that was filed in Florida state court has removed the case to federal court in The Sunshine State, arguing that because the complaint accuses the defendant of violating federal law – the Fair Debt Collection Practices Act – that … The post Daily Digest – November 22.

article thumbnail

How to Set Your Cyber Monday Shopping Strategy

Nerd Wallet

The Monday following Thanksgiving, known as Cyber Monday, has historically been a one-day, online-exclusive sale event. But now, as Black Friday, Cyber Monday and other holiday season sales increasingly expand and blend into one another, it’s becoming more difficult to resist the constant pressure to shop. A solid strategy can help you make the most.

82
article thumbnail

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.

article thumbnail

CFPB and New York Attorney General Take Action Against Companies that Cheated 9/11 Victims

Consumer Finance

The CFPB and the New York Attorney General today took action against RD Legal Funding, two related entities, and the companies’ founder and owner, Roni Dersovitz to resolve their claims that defendants engaged in deceptive and abusive acts or practices under the Consumer Financial Protection Act in connection with offering cash advances to people on their settlement payouts from victim-compensation funds.

87
article thumbnail

Costco Homeowners Insurance (From Connect): 2022 Review

Nerd Wallet

Costco home insurance comes from a partner company called Connect, which is part of the American Family Insurance group. Anyone can buy Connect homeowners insurance, but Costco members get a special discount and may also be eligible for a couple of extra perks such as coverage for locksmith service if you’re locked out of your. Sarah Schlichter writes for NerdWallet.

article thumbnail

CFPB Partners With Local Governments to Protect Consumers

Troutman Sanders

On November 18, the Consumer Financial Protection Bureau (CFPB) published a blog post outlining its recent initiative to share consumer complaint data with cities and counties so they can, “increase their efforts to protect consumers at the local levels.”. According to the CFPB, one of the major ways it regulates consumer financial products and protects consumers from unfair practices is through collecting and responding to consumer complaints.

article thumbnail

5 Things to Know About the Maurices Credit Card

Nerd Wallet

In some ways, the Maurices Credit Card reflects the clothing store that it’s affiliated with: approachable and stripped down of unnecessary frills. The card, along with the store’s loyalty program, is relatively straightforward. And that’s a refreshing change of pace from some other store credit cards with earning potential tied to complicated rewards programs.

74
article thumbnail

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?

article thumbnail

FCC Rules Ringless Voicemails Require Consent

Troutman Sanders

On November 21, the Federal Communications Commission (FCC) issued a Declaratory Ruling and Order finding that companies must obtain consent before sending a “ringless voicemail” to a consumer’s phone because it constitutes a “call” made using an artificial or prerecorded voice and is subject to the provisions of the Telephone Consumer Protection Act (TCPA).

52
article thumbnail

The Guide to Emirates Business Class

Nerd Wallet

Perhaps one of the most celebrated airlines for its in-flight premium products, Emirates is a force to be reckoned with in the airline industry. It has the world’s largest fleet of Airbus A380s, and it flies all around the world, connecting destinations with one of the most luxurious in-flight products. Emirates makes headlines with its. Ramsey Qubein writes for NerdWallet.

70
article thumbnail

Crypto and the SEC

Troutman Sanders

In this episode of The Crypto Exchange , Troutman Pepper Partners Ethan Ostroff and Keith Barnett welcome their colleague Jay Dubow to discuss recent updates in the crypto space related to activities by regulators on the state and federal level around questions involving securities. Jay, who formerly worked as a branch chief in the SEC’s Division of Enforcement, provides a unique perspective and insight into our conversation surrounding crypto and the SEC.

52
article thumbnail

How to Refinance a Business Loan

Nerd Wallet

Business loans can typically be refinanced, just like mortgages or other personal loans. When you refinance, you apply for a new small-business loan — ideally with more favorable rates and terms — in order to pay off your existing debt. If you can save on borrowing costs, refinancing may be a good option for your. Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com.

Loans 66
article thumbnail

You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

article thumbnail

Florida Medicaid Providers Beware: You Must Pay Your Employees At Least $15/Hour

Jimerson Firm

On June 2, 2022, Governor DeSantis signed the Freedom First budget for the 2022-2023 Fiscal Year, which provided over $600 million in funding to the Agency for Health Care Administration (the “AHCA”). The purpose of the funding is to increase minimum wage to at least $15/hour for employees of Medicaid providers, including 1099 employees, who provide services under the increased reimbursement fee schedules.

article thumbnail

How Much Were Travel Points and Miles Worth in 2021?

Nerd Wallet

Our most up-to-date valuations can be read here: How Much Are Travel Points and Miles Worth in 2022-2023? This page is for historical purposes. Making the most of travel rewards requires some understanding of the basic questions, like how much each reward currency is worth. Earning 100,000 points sounds great, but what does that mean. Meghan Coyle writes for NerdWallet.

64
article thumbnail

La CFPB y el Fiscal General de New York Tomarán Acciones Contra las Compañías que Engañaron a las Víctimas de los Atentados del 11/9

Consumer Finance

La CFPB y el Fiscal General de New York tomarán acciones contra las compañías que engañaron a las víctimas de los atentados del 11/9.

52
article thumbnail

The Best RV Rental Options and How to Choose

Nerd Wallet

Curious about what life is like on the road? You don’t have to commit to buying a recreational vehicle to try it out. Several companies give travelers the chance to rent an RV to see what it’s like. While some traditional RV rental companies have gone out of business, the rise of peer-to-peer RV rental. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

52
article thumbnail

The Power of Storytelling in Risk Management

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.

article thumbnail

A National Rail is Strike Closer than Ever

NACM

?The largest rail union, SMART-TD, voted against a tentative agreement on Monday, once again raising the likelihood of a nationwide rail strike. The Brotherhood of Maintenance of Way Employes (BMWED) is set to strike on Dec. 5, but said it would extend the cooling-off period if larger unions voted not to ratify the deal, according to CNBC.Sick time.

5
article thumbnail

Peerform No Longer Offers New Personal Loans

Nerd Wallet

Peerform, an online lender that once offered peer-to-peer personal loans, no longer accepts new loan applications. The lender offered mid-sized loans to consumers with fair and bad credit (scores below 690) using the peer-to-peer model, by which a lender connects borrowers with investors who can fund their loans. Peerform’s loans were from $4,000 to $25,000, Annie Millerbernd writes for NerdWallet.

article thumbnail

Biden Files Application with Supreme Court to Vacate Eighth Circuit’s Injunction on Student Loan Forgiveness

Troutman Sanders

As discussed here , last month, the Eighth Circuit granted an emergency motion by Republican officials in six states to temporarily pause the Biden administration’s student loan forgiveness program while they appeal the dismissal of their challenge by a Missouri federal judge, who found that they do not have standing to sue. On November 18, the Biden administration responded by filing an application to vacate the injunction with the Supreme Court, requesting that the Court either vacate the inju