Nexa Collect

JUNE 21, 2023

Debt collection agencies are subject to various data security rules and regulations to protect consumer information. I will outline some general principles and specific regulations in the United States. Remember that there might be additional state or local regulations, and laws can change over time. Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal info

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Fico Collections

JUNE 21, 2023

Home Blog Feed test See Customers Clearer with Hyper-Personalization at Scale Are you seeing the people behind the data? Providing superb customer experience means achieving hyper-personalization at hyperscale Thu, 02/09/2023 - 10:57 Pawel Pasik by FICO expand_less Back to top Wed, 06/21/2023 - 12:35 As the digital landscape becomes more competitive, companies must find ways to differentiate themselves and make meaningful connections with customers.

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On Guard

JUNE 20, 2023

Insights from Aon and Onguard In April 2023, Aon and Onguard held a strategic session. This was an opportunity for Aon PolicyManager Product Leader Els van Leeuwen and Onguard Managing Director Adriaan Kom to reflect on client digital solutions of today and tomorrow, as well as their personal experiences engaging with clients. They each had 3 specific questions for each other.

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Account Recovery

JUNE 21, 2023

The New York legislature has passed a bill that would prohibit medical debts from being reported to credit reporting agencies, while also requiring that any collection entities which purchase or collect on medical debt are held to the same standard. The bill now proceeds to Gov. Kathy Hochul for her signature or veto.

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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.

Nexa Collect

JUNE 18, 2023

A medical collection agency will send written demands and make persistent phone calls to your patients. They will attempt to recover the maximum portion of the bill, and if required, they will report delinquent patients to credit bureaus if they refuse to settle. They use tools like skip tracing and data scrubbing for improved performance. Since debt collectors are on the phone all day long, they know every tactic to get paid.

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American Profit Recovery

JUNE 23, 2023

We speak to business owners and other decision-makers all the time when it comes to debt collections and there is one question they ask repeatedly. Are there any warning signs a customer is not going to pay? And the answer is a definitive yes! There are unquestionably signs that a customer is not going to pay and we have assembled these below. And while that is not always the case, our experts have found these are the more apparent signs of a customer not paying you in the future.

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Account Recovery

JUNE 23, 2023

Residents living in the Southern states are more likely to have unpaid medical debts, but are also more likely to benefit from recent changes to credit reporting guidelines regarding medical debts, according to a report issued this week by the Consumer Financial Protection Bureau.

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Nexa Collect

JUNE 23, 2023

Minimizing student dropout rates from colleges requires a multi-faceted approach, as the factors contributing to student dropout are diverse and often interconnected. Implementing these strategies requires a concerted effort from educators, administrators, policy-makers, and students themselves. Here are some strategies that can be employed: Early Intervention and Monitoring : Implement early warning systems to identify students at risk of dropping out.

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Jimerson Firm

JUNE 21, 2023

The COVID-19 pandemic has had a dramatic and unprecedented impact on the commercial real estate market, requiring landlords and tenants to rethink their traditional lease clauses. While the post-COVID landscape is still uncertain and may take some time to fully recover, there are a few key lease clauses that should be included in every new or renewed commercial lease agreement.

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Consumer Finance

JUNE 19, 2023

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential abuse from bad actors.

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Account Recovery

JUNE 23, 2023

As expected, a collection law firm that has been fighting a Civil Investigative Demand from the Consumer Financial Protection Bureau for five years has submitted a petition to the Supreme Court to hear arguments in its case, positing that the funding structure of the agency violates the Appropriations Clause of the Constitution and renders the […]

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Nexa Collect

JUNE 18, 2023

Medical debt default can significantly impact an individual’s credit score. Here are some points to consider regarding the impact of medical debt default on the patient’s credit scores: Reporting to Credit Bureaus : When a medical debt goes unpaid for an extended period, the healthcare provider may send the account to a collection agency.

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Fraser

JUNE 22, 2023

In Notice 2022-59 the Internal Revenue Service set forth the PCORI amount imposed on insured and self-funded health plans for policy and plan years that end on or after October 1, 2022, and before October 1, 2023. Background The Patient-Centered Outcomes Research Institute (PCORI) fee is used to partially fund the Patient-Centered Outcomes Research Institute which was implemented as part of the Patient Protection and Affordable Care Act.

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Consumer Finance

JUNE 20, 2023

The Consumer Financial Protection Bureau (CFPB) today issued two new reports on the financial opportunities and challenges facing Southern communities.

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Account Recovery

JUNE 23, 2023

In advance of a webinar I am hosting next week on the topic of “What’s the Next New Channel?” comes news that a technology company called Credgenics has released a WhatsApp-based two-way chat platform for debt collectors.

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Nexa Collect

JUNE 22, 2023

As the Chief Financial Officer (CFO) of an organization, harnessing AI (Artificial Intelligence) can be extremely beneficial in enhancing efficiency, accuracy, and insights within the finance department. Here are some ways in which a CFO can utilize AI for their benefit. Data Analysis and Forecasting : AI algorithms can quickly analyze massive amounts of financial data to extract key insights, identify patterns and trends, and predict future outcomes.

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Troutman Sanders

JUNE 23, 2023

Last week, the Ninth Circuit Court of Appeals affirmed a lower court’s denial of preliminary injunctive relief to plaintiffs challenging Nevada Senate Bill 248 (S.B. 248), which places new restrictions on the collection of consumer medical debt. In doing so, the court found the bill neither ran afoul of the First Amendment, nor was preempted by the federal Fair Debt Collection Practices Act (FDCPA) or Fair Credit Reporting Act (FCRA).

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Jimerson Firm

JUNE 23, 2023

SB 1718 , amending, among other Chapters, Chapter 448, Florida Statutes (labor regulations) , was recently signed into law by Governor DeSantis and introduces several amendments to the state-regulated immigration laws that impact Florida employers. This blog post provides an analysis of the key provisions within the bill that are likely to affect any employer who employs an immigrant workforce.

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Account Recovery

JUNE 23, 2023

COLLECTOR FACING CLASS-ACTION FOR NOT RESPONDING TO VALIDATION REQUEST IN SPANISH COLLECTION LAW FIRM FIGHTING CFPB CID FILES PETITION WITH SUPREME COURT CFPB REPORTS HIGHLIGHT COLLECTION PROBLEMS FACING SOUTHERNERS TECH COMPANY RELEASES WHATSAPP-BASED CHAT PLATFORM FOR COLLECTORS EMPIRE CREDIT PARTNERS WITH SKIT.

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Nexa Collect

JUNE 23, 2023

Dentists can employ various strategies to overcome competition and market saturation in order to grow and sustain their practice. Here are some strategies that dentists can consider: Differentiation : Differentiate your practice from competitors by offering unique services, adopting advanced technologies, or focusing on specialized treatments. Build a Strong Online Presence : A well-designed website and social media engagement can help attract new patients.

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Troutman Sanders

JUNE 23, 2023

Today the U.S. Supreme Court issued a 5-4 decision in Coinbase, Inc. v. Bielski , holding that a district court must stay its proceedings while an interlocutory appeal on the question of arbitrability is pending. The decision resolves a circuit split on the question of whether such a stay is mandatory or discretionary. Justice Kavanaugh authored the majority opinion, joined by Chief Justice Roberts and Justices Alito, Gorsuch, and Barrett.

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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

Fico Collections

JUNE 23, 2023

Home Blog Feed test Top 10 Reasons to Migrate to FICO® Score 10 T Leveraging FICO’s heritage of scoring expertise, FICO ® Score 10 T is built with trended credit data enabling a higher level of predictive power Thu, 05/04/2023 - 04:28 JenniferPiccinino@fico.com by Moma Chakraborty Director of Product Management, Scores expand_less Back to top Fri, 06/23/2023 - 15:00 For 30+ years, the US lending marketplace and lenders have relied upon the industry standard FICO® Score to help drive their consum

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Account Recovery

JUNE 23, 2023

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?

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Nexa Collect

JUNE 23, 2023

Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors. Many people may already be struggling financially, and knowing that a debt has reached the collections stage can exacerbate their emotional distress.

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NCBA Law Practice Management Blog

JUNE 23, 2023

For a while now, alternate domain extensions have been available, beyond the traditional.com. Of particular interest to attorneys is that.law and.lawyer have been available for a little while now ; and now,esq is available. That’s more inline with the.attorney extension – also available. One of the advantages of buying new domain extensions is getting access to basic domain names that have long been unavailable under the traditional.com formation.

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