Account Recovery

FEBRUARY 4, 2022

The Department of Veterans Affairs has published a final rule detailing how delinquent debts owed to the VA are reported to credit reporting agencies. The new rule, which establishes a minimum threshold for what will be reported, goes into effect on March 4. About 5,000 delinquent accounts are reported to credit bureaus each month, according … The post VA Sets New Threshold For Reporting Medical Debt to Credit Bureaus appeared first on AccountsRecovery.net.

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Healthcare 246

Enterprise Recovery

FEBRUARY 4, 2022

Unpaid invoices are the worst! While it's easy to react negatively to your late or non-paying clients, each invoice may require its own way of dealing with it. You can start proactively, including establishing a consistent invoicing process and following up as quickly as possible. However, if you're lacking the resources or your prevention strategy isn't working, it's time to try something new.

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Collection Agencies Collections Agency Collections 194

Account Recovery

FEBRUARY 4, 2022

A District Court judge in Indiana has rejected a defendant’s request to lower the amount of attorney’s fees awarded in a Fair Debt Collection Practices Act case, because it was the defendants who prolonged the litigation until it became clear that a jury was going to determine whether a “highly sympathetic” plaintiff was entitled to … The post Judge Awards Plaintiff’s Attorneys $100k in FDCPA Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Acquisition 246

In the Red

FEBRUARY 4, 2022

An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be increased a larger than usual 10.973% this time for new cases filed on or after April 1, 2022. Follow this link for the Federal Register page with a chart listing all of the updated dollar amounts.

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Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 147

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

FEBRUARY 4, 2022

JUDGE AWARDS PLAINTIFF’S ATTORNEYS $100K IN FDCPA CASE A District Court judge in Indiana has rejected a defendant’s request to lower the amount of attorney’s fees awarded in a Fair Debt Collection Practices Act case, because it was the defendants who prolonged the litigation until it became clear that a jury was going to determine … The post Daily Digest – February 4.

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Fair Debt Collection Collections 246

Account Recovery

FEBRUARY 4, 2022

We have all seen the campaigns, on Facebook and other places, and many have likely participated, but do GoFundMe campaigns actually work when it comes to covering the costs of medical debt? A report published in the American Journal of Public Health analyzed more than 437,000 campaigns during a five-year period to reach the conclusion … The post GoFundMe Helps Those Who Need it ‘the Least,’ Researchers Conclude appeared first on AccountsRecovery.net.

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Healthcare 245

Nerd Wallet

FEBRUARY 4, 2022

Most of us probably start out with travel credit cards in the same way: We’re looking for ways to save money on travel, stumble across a website or two talking about the joys of travel rewards points and hesitantly sign up for our first card. Depending on which cards you’ve been looking at, you may. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Account Recovery

FEBRUARY 4, 2022

A lot more people complained, but fewer took the step of filing lawsuits against companies in the accounts receivable management industry in 2021, according to data released this week by WebRecon. Complaints filed with the Consumer Financial Protection Bureau were 30% higher in 2021 than 2020, setting a new record for the most complaints filed … The post CFPB Complaints Set New Record, Lawsuit Totals Generally Decline in 2021: WebRecon appeared first on AccountsRecovery.net.

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Accounts Receivables Management 244

Nerd Wallet

FEBRUARY 4, 2022

The levers of commerce are all too easy to pull these days. Sure, overspenders have been around since the beginning of money, but back in the day, there were more physical barriers to buying, like having to leave home for most purchases (except pizza). Why we overspend Today, most of us keep the world’s marketplace. Tommy Tindall writes for NerdWallet.

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Collections

Burr Forman

FEBRUARY 4, 2022

The latest update surrounding H unstein v. Preferred Collection and Management Services, Inc. , Case No. 19-14434 centers not on the Eleventh Circuit or the Hunstein decision itself but on the district courts nationwide that are considering numerous copycat cases relying on the Hunstein reasoning. In one such recent case, Nabozny v. Optio Solutions, LLC , Case No. 21-cv-297-jdp, 2022 WL 293092 (W.D.

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Collection Companies Creditors Collections 52

Nerd Wallet

FEBRUARY 4, 2022

The Chase Ultimate Rewards® travel portal is one of the best features of having a Chase credit card. Earning Ultimate Rewards® with credit cards like Chase Sapphire Preferred® Card and Chase Sapphire Reserve® can deliver big value if you know how to navigate the Chase travel portal. Much like third-party booking sites like Orbitz or. Ramsey Qubein writes for NerdWallet.

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FFGN COLLECT NY

FEBRUARY 4, 2022

A lot of people think if they ignore a debt collection letter, then it might just go away. Sometimes, it’s true. Some creditors may walk away if you do not respond to multiple demand letters. But, there is a chance they may not. Some creditors take a financial approach to the collection of bad debt. These creditors have preset limits and guidelines for the methods and lengths in which they pursue bad debt.

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Collections Creditors 52

Arbeit Software

FEBRUARY 4, 2022

No matter what your budget is, and even if you are the only person on your team who cares about it, you can start marketing your agency and take ownership over your online presence. The post How To Start Marketing Your Debt Collection Agency (Even If You Have Never Done It Before) appeared first on Arbeit -.

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Collection Agencies Collections Agency Collections 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

On Guard

FEBRUARY 4, 2022

In a previous blog just over three years ago, we discussed then-nascent technology – including artificial intelligence (AI) and Robotic Process Automation (RPA) – and its potential to shake up the credit management process for suppliers. So how far have we come and what obstacles remain for digital transformation? Big data and AI. These two developments were widely expected to have the greatest impact on the order-to-cash process and professionals still cite them as having the most potential goi

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Credit Management Collections 52

TCPA

FEBRUARY 4, 2022

The District Court for the Northern District of Illinois, in Black v. First Impression Interactive, Inc., No. 21 C 3745, 2022 WL 169652 (Jan.

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CSA

FEBRUARY 4, 2022

Alex Burghart MP, the Parliamentary Under Secretary of State at the Department for Education, will discuss how Government values service-sector apprenticeships and skills training, and how now is a fantastic opportunity to see the skills offer as a fresh career path to those looking to work in financial services. The Minister?s speech will form part of the Credit Services Association?

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Financial services Government Education Trade 40

TCPA

FEBRUARY 4, 2022

The District Court for the Northern District of Illinois, in Black v. First Impression Interactive, Inc., No. 21 C 3745, 2022 WL 169652 (Jan.

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Collections

Public Citizen

FEBRUARY 4, 2022

NPR's Morning Edition has the story, listen here.

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Banks 40