Account Recovery
OCTOBER 7, 2022
It’s not an option open to every defendant, but a defendant has found one way to defeat a Hunstein copycat case — a vague disclosure made during a bankruptcy filing. A copy of the ruling in the case of Dervitz v. ARS National Services can be accessed by clicking here. The plaintiff filed a class-action … The post ‘Vague’ BK Reference Kills Hunstein Class Action appeared first on AccountsRecovery.net.
Enterprise Recovery
OCTOBER 7, 2022
If we think of cash flow as important as oxygen to the human body, then accounts receivable is as important as the lungs. When extending credit to clients or invoicing them for goods and services, we're expecting pure, clean cash to flow back into our business. If invoices remain unpaid or the client's credit is unreliable, then the cash flow becomes clogged, effectively killing the business.
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Account Recovery
OCTOBER 7, 2022
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 Plaintiff Sues Collector, Claiming Defendant Told Her Not to Show Up For Court Hearing appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 7, 2022
Merchant cash advance companies provide you with an upfront sum of capital that you repay using a percentage of your debit and credit card sales, plus fees — otherwise known as a merchant cash advance, or MCA. Generally, you’ll want to consider all other types of small-business loans before turning to an MCA because this. Randa Kriss writes for NerdWallet.
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
OCTOBER 7, 2022
PLAINTIFF SUES COLLECTOR, CLAIMING DEFENDANT TOLD HER NOT TO SHOW UP FOR HEARING A plaintiff on Social Security has filed a lawsuit claiming she was told by a collector that had filed a collection lawsuit not to show up for a court hearing because the case was going to be dismissed. More details here.This content … The post Daily Digest – October 7.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 7, 2022
The number of people who are covered under some form of health insurance is at its highest point ever, yet half of them would struggle if faced with the prospect of having to pay a medical bill of $1,000 within the next 30 days, according to a report released last week by The Commonwealth Fund. … The post Medical Debt a Problem for Everyone, Regardless of Insurance Coverage appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 7, 2022
Medicare star ratings reached record highs in 2022, but they’re coming back down for 2023. It’s not the first time the government’s quality ratings for Medicare plans have fallen, but this year’s decline involves more than the usual yearly adjustments. The COVID-19 pandemic triggered changes to 2022 star rating calculations that led to higher scores.
Account Recovery
OCTOBER 7, 2022
The Attorney General of New York has announced a settlement with a private ambulance company that was accused of violating state law for engaging in a practice known as “balance billing” where the patient is sent a bill for the difference between what the company charges and what the patient’s insurance covers. Some of the … The post NY AG Settles With Ambulance Company Over Balance Billing Issues appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 7, 2022
Bundling your home and auto insurance is a great way to save money. But don’t just go with the first insurance company you come across that offers a bundling discount. You want to choose an insurer with strong customer service, plenty of perks and coverage types, plus other discounts. Here are NerdWallet’s picks for the. Ben Moore writes for NerdWallet.
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Troutman Sanders
OCTOBER 7, 2022
On June 23, the Consumer Financial Protection Bureau (CFPB) issued a final rule , prohibiting consumer reporting agencies (CRAs) from reporting adverse information resulting from human trafficking on survivors’ credit reports. This rule took effect on July 25. The CFPB’s final rule amends Regulation VII, the Fair Credit Reporting Act’s (FCRA) implementing regulation, to comply with the 2021 Debt Bondage Repair Act’s credit reporting requirement.
Nerd Wallet
OCTOBER 7, 2022
Millennials are in peak nesting mode. We want the outdoor space many apartments lack, or the room to grow that a starter house doesn’t offer. There’s just a not-so-small problem. (Gestures broadly at everything.) The median existing home sales price of U.S. homes was $389,500 in August, according to the National Association of Realtors. That’s. Sara Rathner writes for NerdWallet.
Troutman Sanders
OCTOBER 7, 2022
Please join Consumer Financial Services Partner Dave Gettings and his colleagues Ethan Ostroff, Brooke Conkle, and Jon Kenney as they discuss the Third Circuit’s recent decision in the Bibbs case, particularly the Third Circuit’s treatment of “pay status” allegations and what we can expect to see going forward. Ethan Ostroff advises companies on compliance issues and interactions with regulators concerning the Fair Credit Reporting Act, while also defending furnishers, users, and specialty consu
Nerd Wallet
OCTOBER 7, 2022
The Chase Freedom Unlimited® and Chase Freedom Flex? are once again offering a potential bonanza for grocery-getters. As of Oct. 6, 2022, new applicants who apply for either card directly via Chase can earn 5% cash back at grocery stores (excluding Target and Walmart) on up to $12,000 in spending in the first year. The. Jaime Hanson writes for NerdWallet.
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?
Fraser
OCTOBER 7, 2022
Michigan Legislature Allocates $846 Million for Economic Development Projects. Michigan legislators recently approved $846.1 million to support economic developments projects in the state. The funding will be administered through the state’s Strategic Outreach and Attraction Reserve (SOAR) fund. Why it Matters: As the economy slows, these funds will inject a needed boost for business and entrepreneurship in Michigan.
Nerd Wallet
OCTOBER 7, 2022
It’s not difficult to cancel Medicare Part B, however, doing so might result in a health coverage gap — and/or a late enrollment penalty if you enroll again at a later date. Medicare Part B is Original Medicare’s medical insurance portion. It covers medically necessary and preventive services like doctor visits and other outpatient care. Roberta Pescow writes for NerdWallet.
Fico Collections
OCTOBER 7, 2022
Home. Blog. FICO. Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. by TJ Horan. expand_less Back To Top. Fri, 10/07/2022 - 14:10. This headline a year ago left me scratching my head: “ How buy now, pay later became a $100 billion industry.
Nerd Wallet
OCTOBER 7, 2022
Many travelers purchase rental car insurance to protect against damage or theft when renting a car. However, buying coverage can add up with the average rental car insurance cost at $20 to $30 per day. So, does The Platinum Card® from American Express cover rental car insurance? In short: Yes, in certain situations, and provided. Lee Huffman writes for NerdWallet.
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NACM
OCTOBER 7, 2022
?? The first Extra Credit podcast episode of October just dropped! This week's episode is all about change in the B2B credit industry.?? ACH has replaced paper checks as the most commonly used payment method in B2B transactions, according to an eNews poll.?? Payment methods are not the only part of B2B credit that has evolved. Credit professionals hav.
Nerd Wallet
OCTOBER 7, 2022
The top tier of United Airlines’ elite status ladder is dubbed United Premier 1K — or just United 1K. In exchange for this loyalty, United will reward you with top-tier perks, including first-class upgrades, free checked bags, pre-boarding and even free Clear membership. However, you’ll need to be really loyal to United to score this. JT Genter writes for NerdWallet.
Nerd Wallet
OCTOBER 7, 2022
Medicare Part D covers prescription drugs. Medicare sets the rules for Part D plans, which are sold by private companies. However, federal law currently prohibits Medicare from negotiating lower prescription drug prices. A new law that passed in August 2022 will allow Medicare to start prescription drug price negotiations, but not right away. Here’s what.
Nerd Wallet
OCTOBER 7, 2022
No one likes it when their flight is delayed. Whether it’s been 30 minutes or 3 hours, the inconvenience of wasting your time is never a fun experience. However, in some cases, you may be entitled to compensation if your flight ends up being late. Let’s look at flight delay compensation on United Airlines and. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.
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.
Nerd Wallet
OCTOBER 7, 2022
Not everyone has to apply to get student loan cancellation. Nearly 8 million federal borrowers will receive relief automatically because they are enrolled in an income-driven repayment plan; their income information is on file with the Department of Education. All other borrowers will need to submit an application. The application for the Biden administration’s student.
Nerd Wallet
OCTOBER 7, 2022
Student loan borrowers bound together by joint spousal consolidation will be able to split their debt thanks to a new bill that President Joe Biden is expected to sign any day. Joint spousal consolidation loans haven’t been made since 2006. The program, which originated in 1993, allowed married couples to consolidate their debt to have. Anna Helhoski writes for NerdWallet.
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