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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. .

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Government Extends Pause on Student Loan Payments Until Legal Challenges are Resolved

Account Recovery

If the litigation has not been resolved by June 30 of next year, payments will resume 60 days after that, the government … The post Government Extends Pause on Student Loan Payments Until Legal Challenges are Resolved first appeared on AccountsRecovery.net.

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Appeals Court Rules Against Federal Government in FDCPA Case

Account Recovery

There are limits to what the Fair Debt Collection Practices Act can be used for, and even the federal government is not immune to learning those lessons.

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Local Government Considers Ordinance to Buy, Forgive Residents’ Unpaid Medical Debts

Account Recovery

For what is believed to be the first time, a local government is looking to buy up the unpaid medical debts of tens of thousands of its citizens so the debts can be written off and forgiven.

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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.

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Local Governments Scrambling to Protect Residents as Moratoriums End; N.M. Announces Phased Restart to Garnishments

Account Recovery

Local governments began scrambling yesterday to try and implement protections for consumers who might be facing eviction or foreclosure as moratoriums that were put into place at the start of the COVID-19 pandemic are now expiring.

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Daily Digest – May 4. Hunstein-Related Class Actions Continue Piling Up; Cordray Back in Federal Government

Account Recovery

Hunstein-Related Class Actions Continue Piling Up; Cordray Back in Federal Government appeared first on AccountsRecovery.net.

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Will you lose your government benefits in bankruptcy?

Albuquerque Law

The federal government has many programs available to assist citizens and their families if they face financial hardships. There is a wide range of government benefits you may receive, including, but not limited to: Social Security Disability benefits.

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Government to review UK Small Business Late payments

UK debt collections

The government is to review worsening UK Small Business late payments it has been announced. The government also urged larger businesses to pay their suppliers promptly.

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Shock as Government extends Commercial Eviction ban

UK debt collections

The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. In order to ensure landlords are protected, the government is making clear that businesses that are able to pay rent, must do so.

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How the Government's Response to Inflation Could Help Savers

Nerd Wallet

The article How the Government's Response to Inflation Could Help Savers originally appeared on NerdWallet. This article provides information for educational purposes.

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Governing a Community Association through COVID-19: Common Elements

Jimerson Firm

Executive Order 2020-244 was entered on September 25, 2020 and sets forth an express right to work and operate a business, sets forth and that no local government can restrict indoor capacity of a restaurant to less than fifty percent (50%).

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CFPB Partners With Local Governments to Protect Consumers

Troutman Sanders

The CFPB recently launched an initiative to increase the impact of its complaint data by sharing it with local governments. In less than three months, more than a dozen cities and counties have expressed interest in accessing the Government Portal.

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Rep. McHenry opposes government-run credit bureau on ground that government suffers cyberattacks. Equifax, anyone?

Public Citizen

Among the topics addressed during the hearing was President Biden's proposal for a government-run credit bureau. Ranking member Patrick McHenry opposed a government-run credit bureau, commenting, according to the article: "Cyberattacks are also a major issue with federal databases," McHenry said. "The idea that the government agency doing this will be a better steward of our data is quite questionable, given the track record the federal government."

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PPP Is Gone, But Government Help for Small Businesses Isn’t

Nerd Wallet

The federal government’s Paycheck Protection Program provided small-business owners with just under $800 billion in COVID-19 relief, according to the U.S. Here are some of the government funding.

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CMS Publishes Final Rule Increasing Government Authority to Recover Overpayments from Medicare Advantage Plans

Troutman Sanders

On February 1, the Centers for Medicare & Medicaid Services (CMS) published a final rule strengthening their authority to recover alleged overpayments made to Medicare Advantage plans.

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The Role of AI Model Governance

Fico Collections

A few weeks back I had the pleasure of participating in a LinkedIn Live broadcast with Scott Zoldi, FICO’s Chief Analytic Officer on the topic of model governance & artificial intelligence.

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AI Governance: A Critical Component of Corporate ESG Initiatives

Fico Collections

AI Governance: A Critical Component of Corporate ESG Initiatives. I spoke about governance, the ‘G’ in corporate environmental, social and governance (ESG) programs. From your perspective, why is governance critical when it comes to artificial intelligence?

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MP’s lobby Government for new Debt Collection Laws

UK debt collections

A mixed party collaboration of MP’s has written to the Chancellor requesting new legislative measures to reform the government’s debt collection practices. ” The post MP’s lobby Government for new Debt Collection Laws appeared first on UK Debt Collection News.

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New Florida Law Substantially Reduces Retainage Rate on Government Construction Projects

Jimerson Firm

This new law and the changes to the Local Government Prompt Payment Act and the Florida Prompt Payment Act will become effective on October 1, 2020, and apply to construction services contracts advertised for bid or entered into by state or local government entities in Florida after October 1, 2020.

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FCC Reconsiders Government Contractors’ Classification as TCPA Non-“Persons”

TCPA

The FCC in 2016 determined that the federal government was not a “person” subject to the TCPA, and that by extension, federal contractors working within the scope of their delegated authority were also not bound by TCPA restrictions.

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AI Governance: Why Should You Care?

Fico Collections

AI governance is a hot topic and FICO’s chief analytics officer Scott Zoldi recently published an article in InformationWeek explaining why boards of directors need to pay close attention to artificial intelligence. Board oversight and government regulation of AI is necessary.

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CFPB Takes Action to Halt Prepaid Card Providers Siphoning Government Benefits

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive government benefit contracts.

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Model Governance: Yapi Kredi Takes Advanced Approach

Fico Collections

As regulators apply greater pressure on lenders to explain every decision, even those made using AI and machine learning, banking leaders worldwide are seeking a more advanced approach to model governance.

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Be prepared: Government support will not be there forever – A guest blog by Graydon

CICM

Due to the pandemic, the financial uncertainty it caused, and the huge impact of government support, that might seem somewhat unbelievable. The question is not whether government support will end, the question is when it will. The only thing that is keeping many companies from going under right now, is the support they are receiving from government. Admittedly, the compensation from government is often not even enough to cover the costs.

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New study confirms that few consumers complain to government agencies about consumer fraud

Public Citizen

This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. Less than 3 percent of victims complained to a government entity. percent of victims complained to a BBB or to a government agency. Keith B.

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Washington Senate Bill Signals Renewed Commitment to Tribal Sovereignty and Government-to-Government Relationships

Troutman Sanders

Bob Ferguson, the attorney general of Washington, has released his 2021 legislative agenda. The requested legislation includes a bill that would self-impose notice requirements to Washington tribes before initiating a project or program that would implicate tribal rights.

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State of Alabama Passes Law Governing COVID-19 Vaccine Exemption Requests

Burr Forman

On November 5, 2021, Alabama Governor Kay Ivey signed into law a bill governing COVID-19 vaccine exemption requests. The post State of Alabama Passes Law Governing COVID-19 Vaccine Exemption Requests appeared first on Burr & Forman.

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Diversity and Governance: AI Breaks into the Boardroom

Fico Collections

Scott: Vanessa, thank you for joining me to talk about diversity and governance in AI, and how artificial intelligence is breaking onto Boardroom agendas.

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Biden Signs Executive Order Aimed at Improving the Federal Government’s Cybersecurity

Troutman Sanders

On May 12, President Biden signed an executive order (EO) that seeks to improve the federal government’s cybersecurity. Sets Baseline Security Standards for the Federal Government’s Software Supply Chain Security.

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Remolina paper on the role of financial regulators in the governance of algorithmic credit scoring

Public Citizen

Nydia Remolina of Singapore Management University - Centre for AI & Data Governance  has written  The Role of Financial Regulators in the Governance of Algorithmic Credit Scoring. Better algorithms, unbiased data, AI regulation, fair lending regulation and AI governance guidelines do not solve the perils of the use of AI for creditworthiness assessment.

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District Court Departs from Supreme Court Plurality to Find Government-Debt Collector Retroactively Liable Under TCPA — But Rejects Statutory Damages

TCPA

For nearly five years, the TCPA explicitly excluded from liability calls made to collect government-backed debt. Naturally, government debt collectors relied on this exception and called debtors without fear of TCPA liability.

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Burr & Forman Boosts Economic Development and Government Relations Practices with Addition of John Wall in Columbia Office

Burr Forman

Wall joins from the South Carolina Manufacturers Alliance , where he served as the General Counsel and Vice President of Government Relations. At Burr & Forman, he will be a part of the firm’s Economic Development practice group as well as its Government Relations practice group.

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U.S. Government Writes Off $2 Billion In Student LoansU.S. Government Writes Off $2 Billion In Student Loans

Collection Industry News

Government Writes Off $2 Billion In Student LoansU.S. Government Writes Off $2 Billion In Student Loans appeared first on Collection Industry News. Source: site. WASHINGTON D.C.: Earlier this month, the federal Education Department announced it is canceling another round of student loan payments, adding that those eligible are now being notified via email. The new round will cancel loans worth $2 billion, reported Yahoo Money.

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Michigan HB 4722 Would Limit Local Governments’ Ability to Regulate Short-Term Rentals

Fraser

Local governments may limit the number of short-term rentals under common ownership, which is defined as “ownership in whole or in part by the same individual, individuals, or legal entity,” to two or more.