Tue.Feb 28, 2023

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Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt

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 Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt first appeared on AccountsRecovery.net.

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Supreme Court Hears Student Debt Cancellation Cases: What to Know

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Supreme Court Hears Student Debt Cancellation Cases: What to Know originally appeared on NerdWallet.

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Judge Recommends Sanctions Against Plaintiff’s Attorney in FDCPA Case

Account Recovery

A Magistrate judge in Florida has recommended that an attorney with Credit Repair Lawyers of America be sanctioned and pay the defendant’s attorney’s fees in a Fair Debt Collection Practices Act case, after the attorney sent a letter indicating the plaintiff was no longer disputing the debt, when in fact the plaintiff was still disputing … The post Judge Recommends Sanctions Against Plaintiff’s Attorney in FDCPA Case first appeared on AccountsRecovery.net.

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CFPB Announces Appointments of New Advisory Committee Members

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.

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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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Reaction to SCOTUS’s Decision to Hear Arguments in CFPB Funding Case

Account Recovery

So yesterday’s big news was the Supreme Court’s decision to hear arguments in a case related to whether the Consumer Financial Protection Bureau’s funding structure is constitutional or not. The impact and ramifications of the outcome of this case — which might not be known for a year or so because it’s expected that the … The post Reaction to SCOTUS’s Decision to Hear Arguments in CFPB Funding Case first appeared on AccountsRecovery.net.

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Ninth Circuit Affirms Dismissal of Creditor’s Suit Over Debt Collection Phone Calls

Account Recovery

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that refused to enjoin an action filed in state court in California that accused Credit One Bank of violating the Rosenthal Fair Debt Collection Practices Act by employing a vendor to make “extensive harassing debt collection” calls to California residents.

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Survey: Some Americans who plan to retire say they’ll leave the workforce early

Nerd Wallet

Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com. The article Survey: Some Americans who plan to retire say they’ll leave the workforce early originally appeared on NerdWallet.

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Daily Digest – February 28. Complaint Accuses Hospital, Agency of Trying to Collect Worker’s Comp Debt; Judge Recommends Sanctions Against Plaintiff’s Attorney

Account Recovery

COMPLAINT ACCUSES HOSPITAL, AGENCY OF TRYING TO COLLECT ON WORKER’S COMP DEBT A plaintiff has accused two healthcare providers and a collection operation ion California of violating the Rosenthal Fair Debt Collection Practices Act and the Fair Debt Collection Practices Act by attempting to collect on debts that were allegedly incurred after the plaintiff was … The post Daily Digest – February 28.

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What Is the Best Streaming Service for You? See Prices and Plans

Nerd Wallet

Cara Smith writes for NerdWallet. Email: cara.smith@nerdwallet.com. Twitter: @[link] The article What Is the Best Streaming Service for You? See Prices and Plans originally appeared on NerdWallet.

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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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Will a Loan Modification Stop Foreclosure?

Sawin & Shea

There are few life events as stressful as a foreclosure. Foreclosing on your home upends your family’s life, negatively impacts your credit history, and may hurt your ability to get a new mortgage in the future. However, there are ways to prevent foreclosure, even if you can’t afford your mortgage payments. One of those methods is through a loan modification.

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Business Money Market Accounts: Compare Rates and Top Options

Nerd Wallet

Kelsey Sheehy writes for NerdWallet. Email: ksheehy@nerdwallet.com. Twitter: @KelseyLSheehy. The article Business Money Market Accounts: Compare Rates and Top Options originally appeared on NerdWallet.

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Second Circuit Affirms Judgment in Favor of Law Firm in Meaningful-Attorney-Involvement FDCPA Class Action

Troutman Sanders

On February 13, the Second Circuit Court of Appeals affirmed the decision of an Eastern District of New York court and found that the defendant law firm, Mandarich Law Group, LLC (Mandarich), had conducted a meaningful attorney review of the plaintiff debtor’s account prior to mailing her a debt collection letter on the firm’s letterhead. The three-judge panel set forth the decision in a summary order, which does not have precedential effect.

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NVIDIA vs. AMD: Which Chip Stock Looks Better for 2023?

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article NVIDIA vs. AMD: Which Chip Stock Looks Better for 2023? originally appeared on NerdWallet.

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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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I got a court judgment but the deadbeat still won’t pay. What now?

Collections Law

Some commercial debtors just won’t pay up even when they’ve lost in court. Can you believe it? That makes them something more than a regular deadbeat. To turn that judgment into money, you need the experienced collection attorneys at The Law Offices of Alan M. Cohen LLC. We will relentlessly, ethically and effectively pursue your deadbeat until either you get paid or no one could get you paid.

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Universal Studios vs. Islands of Adventure

Nerd Wallet

Natasha Etzel writes for NerdWallet. Email: travel@nerdwallet.com. The article Universal Studios vs. Islands of Adventure originally appeared on NerdWallet.

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When a Company Goes Into Administration or Liquidation Who Gets Paid First?

Hudson Weir

Chances are, you’ve googled, “When a company goes into liquidation, who gets paid first?”. And thankfully, you’ve landed on this page. If a business goes into administration, it cannot pay its financial liabilities when due. Those the business owes money to are known as creditors. When a firm is liquidised, you may be wondering who should be paid first.

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5 Things to Know About the Revvi Card

Nerd Wallet

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article 5 Things to Know About the Revvi Card originally appeared on NerdWallet.

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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.

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California Attorney General Announces CCPA Investigative Sweeps

Collection Industry News

Background On January 27, 2023 (just ahead of Data Privacy Day), California Attorney General Rob Bonta (“AG”) announced an investigative sweep focused on mobile application providers in the retail, travel, and food service industries. The AG sent out noncompliance letters targeting (a) mobile applications that either do not honor consumer opt-out requests or do not provide the appropriate mechanisms for consumers to stop the sale or sharing of their data, and (b) businesses that fail to process

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How to Leverage Hotel Elite Status for a $100 Carnival Cruise

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article How to Leverage Hotel Elite Status for a $100 Carnival Cruise originally appeared on NerdWallet.

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Welcome to Internet and Mobile Marketing: HUD’s 1996 RESPA CLO Policy Statement Finally Refreshed

Consumer Finance Watch

R. Colgate Selden, R. Andrew Arculin, Scott D. Samlin, Paula M. Vigo Marques, and Daniel V. Funaro ● A new Consumer Financial Protection Bureau (“CFPB”) advisory opinion refreshes the Department of Housing and Urban Development’s computer loan origination system policy statement … Continue reading → The post Welcome to Internet and Mobile Marketing: HUD’s 1996 RESPA CLO Policy Statement Finally Refreshed appeared first on Consumer Finance Watch.

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5 Best Places to Advertise Your Business Online

Nerd Wallet

Elizabeth Kellogg writes for NerdWallet. Email: articles@nerdwallet.com. The article 5 Best Places to Advertise Your Business Online originally appeared on NerdWallet.

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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.

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Threat of Recession is Diminished

NACM

​Economists now expect a U.S. recession to occur later this year than previously forecasted after several reports point to signs of economic resiliency. "We have a hard time believing the economy is in recession today, given a strong labor market and corporate earnings growth," Tim Holland, chief investment officer at Orion Advisor Solutions told F.

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The CFPB and FTC Continue to Focus on Tenant Screening

Troutman Sanders

On February 28, the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) jointly issued a Request for Information, seeking public comment on how background screening affects individuals seeking rental housing in the United States. Specifically, the Request seeks information on the use of consumer reports and credit scores, criminal and eviction records, and algorithms in the tenant screening process.

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