Wed.Jan 12, 2022

Fed Survey Illustrates Consumer Uncertainty Over Direction of Economy

Account Recovery

Banks 82

Which Airline Rewards Program Gives the Most Value?

Nerd Wallet

Airline rewards programs are complicated. It might seem like you need a Ph.D. in complex systems (or at least fine-print reading) to understand them. But underneath the complex gobbledygook lies a simple pair of questions: How many points or miles do you earn per dollar spent on flights?

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Trending Sources

MacKinnon Avoids Jail Following Hearing Into Lack of Compliance With $60M Judgment

Account Recovery

It appears as though Douglas MacKinnon has successfully avoided being sent to jail, even though a two-day hearing this week did not provide all the details that prosecutors and the Consumer Financial Protection Bureau are looking for as they seek to enforce a $60 million judgment against him.

CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Daily Digest -January 12. Judge Sets Aside Default Against Defendant; MacKinnon Avoids Jail

Account Recovery

More Trending

Judge Sets Aside Default Against Defendant Because of COVID-19 Restrictions

Account Recovery

Can You Get a HELOC on an Investment Property?

Nerd Wallet

If you’ve built enough equity in your investment property, you may have considered getting a home equity line of credit, or HELOC, to make improvements, consolidate debt or even buy a new property.

19 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online.

Here Are the Most Valuable Hotel Rewards Programs in 2022

Nerd Wallet

Navigating hotel rewards programs can be a daunting task. From point-earning promotions to elite status upgrades and thousands of other factors, it’s easy to feel overwhelmed.

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Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

5 Ways to Maximize Credit Card Rewards Without Overspending

Credit Corp

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Shopping for “needs” is one thing, but we all know how huge sales can convince us to stock up on “wants.”

How One Family Saves Big With the Delta SkyMiles Gold AmEx

Nerd Wallet

After snagging the welcome offer a few years ago on the Delta SkyMiles® Gold American Express Card, Ben Komenkul had sandy shores and palm trees in his future.

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Will Bankruptcy Erase ALL of My Debt?

Sawin & Shea

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy.

Hiring an Aggressive Collection Agency for your Unpaid Bills

Nexa Collect

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking.

Payment Technology Creates Healthy Patient Relationships

Payment Savvy

We’ve all received a mailed billing statement from our healthcare provider that made us angry and confused. Ancient procedures still dominate the healthcare industry, and providers are long overdue for an upgrade.

Global Growth Expected to Slow and Hurt Developing Economies

NACM

The global economy had a strong initial rebound following the start of the pandemic. However, as the Omicron variant continues to rapidly spread, the economy is entering a slowdown phase, the World Bank reports."Global Global growth is expected to decelerate markedly from 5.5 percent in 2021 to 4.1

Banks 52

South Carolina Department of Revenue Releases the 2022 Job Tax Credit County Tier Rankings

Burr Forman

The South Carolina Department of Revenue (SC DOR) annually ranks and designates the state’s 46 counties into four tiers based upon unemployment rate and per capita income ( See S.C. Code Section 12-6-3360(B).

Following CFPB report, BofA to cut overrdraft fees

Public Citizen

Bank of America has announced that, in February, it will cut the fees it charges customers for overdrawing their checking accounts and, starting in May, will eliminate non-sufficient funds fees. CNN reports that other banks, such as Capitol One and Ally, have also cut fees. The federal government has been encouraging banks to waive these fees to provide relief to consumers experiencing severe financial strain during the pandemic.

Banks 40

67 Burr Attorneys Named 2021 Mid-South Super Lawyers and Rising Stars

Burr Forman

Burr & Forman announces that 67 of its Alabama, Mississippi, and Tennessee attorneys have been selected for inclusion among Mid-South Super Lawyers for 2021. This also includes 29 attorneys who were recognized as “Rising Stars,” up-and-comers under the age of 40.

Drivers’ Telematics Violates BIPA

Troutman Sanders

My company uses dash-cams to monitor driver conduct, but the company is not located in Illinois. Do I still have to comply with the Biometric Information Privacy Act? Yes, as long as the company has drivers who are Illinois residents, you must comply with BIPA.

Enterprise Fraud Management: Latest Trends and Technology

Fico Collections

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions.

US Trustee Quarterly Fees Reassessed by 2017 Amendment are not Unconstitutional

ABI

Michael F. Pecorella. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . . In 2017, Congress enacted certain amendments (the “2017 Amendment”) that increased the quarterly fees to be paid by debtors to the Office of the United States Trustee in larger cases pending under Chapter 11 of the United States Code (the “Bankruptcy Code”). [1]

A “Critical Vendor” may be Subject to a Preference Claim

ABI

Michael A. Solimani. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . Under title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor in possession may avoid or recover certain payments made by the debtor before the bankruptcy filing as a “preference.” [1] 1] During a debtor’s bankruptcy case, the debtor may want to continue obtaining goods or services from a creditor.

“All Commercial Tort Claims” is Insufficient Description to Perfect a Security Interest

ABI

By: Megan O’Connor. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In Polk 33 Lending LLC v. Schwartz , a district court in Delaware held that a credit agreement did not identify the tort claims with the “requisite specificity” to convey a security interest in those claims to the lender. [1]

Court Declines to use Equitable Subordination to Subordinate a Claim that had no Impact on the Subsequent Bankruptcy Estate

ABI

By: Nicholas Smargiassi. John’s University School of Law. American Bankruptcy Institute Law Review Staff. In general, under principles of equitable subordination, a court may subordinate the claims of a creditor for conduct that is unfair to the other creditors of a bankruptcy estate. The pertinent misconduct must benefit the creditor that engaged in misconduct or harm the other creditors’ position in the bankruptcy estate. In In re John Varvatos Enters. ,

Discharging Student Loan Debt: The Brunner Test

ABI

Julia Merani. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” as provided by section 523(a)(8). [1] 1] In Hull v. United States Dep’t of Educ. ,

A Sale or a Loan? The Plain Language is not always Dispositive

ABI

By Daniel Mosayov. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In In re Shoot the Moon, LLC , the United States Bankruptcy Court for the District of Montana held that a transaction between a restaurant business and a lender was a loan with a security interest in receivables as opposed to a sale with an ownership interest in receivables. [i]

A Trustee May Recover Against a Purchaser when it Acts in Bad Faith

ABI

By: Alexa G. Schimp. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In general, a trustee or a debtor in possession may avoid a transfer made prior to a bankruptcy filing as an actual fraudulent transfer if the transfer was made “with actual intent to hinder, delay, or defraud any creditor of the debtor.” [1] 1] In Kasolas v. Nicholson ( In re Fox Ortega Enterprises, Inc.),

FDCPA Claims: Confusion Alone is not an Injury for Article III Standing Purposes

ABI

By: Kimberly Moyal. John's University School of Law. American Bankruptcy Institute Law Review Staff. . The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] 1] Under the FDCPA, a debtor may be entitled to certain remedies, including monetary damages and attorney’s fees, when a debt collector violates the FDCPA. [2] 2] In Ward v. National Patient Account Services, Inc. ,

The Increasing Acceptance of Derivative Standing

ABI

By: Jordan Milite. John’s School of Law. American Bankruptcy Institute Law Review Staff. . In In re Roman Catholic Church of Archdiocese of Santa Fe , the United States Bankruptcy Court for the District of New Mexico, held, in a matter of first impression, that bankruptcy courts have authority to confer derivative standing on creditors or committees to assert claims. [1]