Nerd Wallet

MARCH 29, 2022

The Centers for Medicare & Medicaid Services, or CMS, releases the new costs for Medicare Parts A and B and income-related monthly adjustment amounts every fall for the following year. Medicare is the federal government health insurance program for people. Kate Ashford writes for NerdWallet.

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Troutman Sanders

NOVEMBER 3, 2023

On November 1, New York Governor Kathy Hochul announced that the state’s Department of Financial Services (NY DFS) has amended its Cybersecurity Regulations to “enhance cyber governance, mitigate risks, and protect New York businesses and consumers from cyber threats.” Highlights of the amendments are summarized below.

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Credit Corp

FEBRUARY 24, 2021

Your taxes pay for a variety of government services, as well as government debt and salaries. The federal government spends a lot of money. In 2019, for example, the government spent a total of around $4.4 What funds the things the government pays for? Government Debt. For comparison, $4.4

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UK debt collections

APRIL 24, 2024

Timeshare Legals was set up in October 2018 by directors Robert Pinker and David Rhodes, and offered a service for people wishing to terminate or claim for mis-sold timeshare agreements, mainly in Tenerife. Clients were charged upfront fees plus a percentage of any recoveries.

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Nexa Collect

NOVEMBER 12, 2021

In Canada, healthcare is funded by the government. There are some health-related things you would have to pay for, such as dental work. This means that the United States is 13 times more likely to fall into a fiscal crisis, a worry that has already been brought up this year at the mention of a possible government shutdown.

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Troutman Sanders

APRIL 22, 2022

Department of Justice (DOJ) agreed to a $930,000 settlement with Comprehensive Health Services (CHS) to resolve False Claims Act allegations. The department touted this initiative as a direct response to the lack of disclosure and reporting by government contractors when faced with breaches. On February 28, the U.S.

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UK debt collections

JUNE 1, 2022

The FSB has issued fresh warnings that nearly half a million Small Businesses are on the brink of collapse and called for government support to them them. The industry’s main and only trade association is the Credit Services Association. An effective debt collection service can very often help make of break a company.

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UK debt collections

FEBRUARY 26, 2024

What we need is for the Scottish Government to step up and commit to universal free school meals for all children at all stages of their school lives.” At the meeting earlier this month he went on to make clear that external debt collection services, which were paused during a review, would not be used to recover school meal debt.

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Direct Recovery

MAY 4, 2024

This can often include landlords, employers, insurance companies, government agencies, and utilities providers. Because they are involved in almost any credit-related transaction, hard inquiries are usually not a big deal in one-off situations. Take the suggested steps to dispute the pull and get it removed as quickly as possible.

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FFGN COLLECT NY

JANUARY 10, 2024

More specifically, the Department of Financial Services will crack down on the “buy now, pay later” industry. Buy now, pay later services act as a lender of sorts and are currently not licensed by the state. The state will authorize the Department of Financial Services to propose and issue regulations for this rapidly growing industry.

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Troutman Sanders

JULY 7, 2022

Please join Troutman Pepper Partner Chris Willis and his guests and fellow Partners Keith Barnett and Ethan Ostroff as they discuss the recent request for comment from California’s Department of Financial Protection and Innovation on cryptocurrency-related financial products and services under the California Consumer Financial Protection Law.

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Troutman Sanders

MARCH 24, 2023

and its related entities provided personal loans to consumers to finance taxes and down payments associated with vehicle purchases. He focuses primarily on federal and state government regulatory and enforcement matters involving state attorneys general, the Consumer Financial Protection Bureau (CFPB), and the Federal Trade Commission (FTC).

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Troutman Sanders

AUGUST 23, 2023

In the complaint, the AGs alleged the defendants “initiated millions of [r]obocalls[] advertising various goods and services, including healthcare products” to residential and/or cellular telephone numbers without obtaining consumers’ prior express consent.

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Credit Corp

MAY 30, 2023

Finally, we’ll explain a few government-sponsored programs, some of which could help you make ends meet. Apply for Government Assistance Programs If your unemployment benefits run out, there are numerous other government assistance programs that may provide financial aid. What Does It Mean to Exhaust Your Benefits?

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UK debt collections

DECEMBER 16, 2021

The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities. These new powers will extend the Insolvency Services ability to investigate and punish rogue directors who are found to be abusing the company dissolution process.

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Credit Corp

MAY 19, 2021

Unfortunately, the same cannot be said for COVID-related scams. The FTC estimates that COVID-related scams have cost Americans $382 million. The FTC also released new tips for avoiding scams related to the vaccine itself. COVID-19 Financial Resource Guide. COVID-19 Stimulus Check Scams. How to Protect Yourself.

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UK debt collections

MAY 13, 2021

The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government-backed loans given to businesses to support them during the Coronavirus pandemic.

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Troutman Sanders

FEBRUARY 8, 2022

Troutman Pepper announced today that a nationally recognized consumer financial services group has joined the firm from Ballard Spahr in Atlanta, New York, Philadelphia, and Salt Lake City. Troutman Pepper has more than 200 attorneys who regularly advise financial services providers and is nationally recognized for its prowess in the space.

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Troutman Sanders

JULY 20, 2023

The Federal Reserve (Fed) has officially launched its new instant payment service, FedNow, which aims to modernize the U.S.’s Additional features and service enhancements are expected to be introduced over time. We will monitor the roll-out of the service and any reported issues. s payment system.

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Collection Industry News

FEBRUARY 6, 2024

The federal government agreed that thousands had been swindled and promised to cancel the borrowers’ debt. Or the government isn’t sure if it has. billion in forgiveness for more than a million borrowers due to “closed school discharges, borrower defense, and related court settlements.” This year, on Jan. What is Sweet v.

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Troutman Sanders

JANUARY 26, 2023

Under the CFDL, providers are required to disclose metrics such the amount of funding the small business will receive, the APR calculated for the transaction, a payment amount (if applicable), the term, details related to prepayment policies, and (for products without a monthly payment) an average monthly cost.

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Troutman Sanders

JANUARY 14, 2022

The GAO believes the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN) should do more to regulate crypto automated teller machines (ATMs), and its report indicates the agencies agreed with its two recommendations to tighten regulations of them.

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Jimerson Firm

NOVEMBER 16, 2023

This Act governs the issuance of foreign subpoenas in the State of Florida. After a party requests issuance of the foreign subpoena, the clerk of court must promptly issue a subpoena for service upon the person to whom the foreign subpoena is directed. A foreign subpoena is a subpoena issued in a state other than Florida. 92.251(2)(e).

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Jimerson Firm

SEPTEMBER 29, 2023

In Florida, homeowners’ associations (“HOA”) are governed by Florida Statute Chapter 720. The Act governs issues ranging from member assessments to arbitration to conducting meetings. That chapter is known as the “Homeowner’s Association Act” (the “Act”).

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Troutman Sanders

OCTOBER 20, 2023

However, the court (i) declined to award appellate fees and costs, (ii) declined to award fees and costs related to Savers’ offensive 42 U.S.C. Drawing upon his experience as a deputy attorney general, Ashley has developed an extensive consumer practice with regard to the consumer financial services industry. on October 17.

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Troutman Sanders

JULY 25, 2023

These responsibilities concern downstream transactions related to the stablecoin that occur after it has been provided to a customer. The amendment would require the Director of FinCEN to submit a report to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services within one year of enactment.

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Fico Collections

DECEMBER 1, 2022

Under the umbrella of practicality, companies will strategically rethink how they use artificial intelligence, an attitudinal shift that will filter down to implementation, AI and machine learning model management, and governance. Environmental, social and corporate governance (ESG) considerations. Ethical AI. Simplicity of monitoring.

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Troutman Sanders

MARCH 17, 2023

According to the FTC, the impetus for this inquiry is that unlike consumer reports, which are governed by the Fair Credit Reporting Act, there is no federal law that specifically outlines processes and protections for small businesses credit reporting. All free-of-charge services available for entities to view their own report or information.

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UK debt collections

FEBRUARY 19, 2024

The Law Gazette reported that Legal UK Services Ltd , based in Altrincham, told clients last week that it had appointed insolvency practitioners and would cease trading within weeks. It specialised in claiming back mis-sold or unaffordable financial services including personal contract claims, PPI claims and secret commission claims.

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Fraser

JULY 12, 2022

Frustration of purpose and force majeure, while related concepts, are distinct in some important ways. It can be challenging to prove that the pandemic caused a disruption when intervening factors like government action come into play. For example, Michigan saw strict government shutdown mandates related to COVID.

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Troutman Sanders

JANUARY 26, 2022

On January 25, the House Committee on Financial Services announced its hearing schedule for the month of February, which includes a full committee hearing on February 8 at 10:00 a.m. ET on “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins.”.

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Sawin & Shea

OCTOBER 6, 2021

While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. After the pandemic hit and it was evident that Americans were struggling to make ends meet, the government took action and enacted the CARES Act.

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Burr Forman

JULY 15, 2021

Government agencies, including the Department of Justice, the Department of Health & Human Services Office of Inspector General and the Centers for Medicare & Medicaid Services are charged with enforcing these laws. The FCA does not require proof that a defendant specifically intended to commit fraud.

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Troutman Sanders

SEPTEMBER 20, 2021

Justin Balser , an experienced litigator and compliance attorney, has joined Troutman Pepper’s nationally recognized Consumer Financial Services Practice Group as a partner. He previously served as legal counsel and advisor to senior management at Lehman Brothers’ mortgage subsidiary, Aurora Loan Services LLC.

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UK debt collections

JANUARY 25, 2021

The coronavirus pandemic has reduced court activity limiting the number of CCJs and winding up petitions being issued against indebted companies and there has been a ban on winding up petitions for Covid-related debts.

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Fico Collections

JULY 21, 2022

Karen Bennetts, of NAWBO and Owner & Founder of Little Red Bird, and Katie Vlietstra Wonnenberg, vice president for Government Relations and Public Affairs of NASE, also joined me on the panel. She is driven by the positive impact that FICO makes on the lives of consumers by working collaboratively with the financial services industry.

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Troutman Sanders

FEBRUARY 26, 2024

The CFPB found that it had reasonable cause to determine that the conduct of World Acceptance “poses risks to consumers with regard to the offering or provision of consumer financial products or services,” and, therefore, the agency could exercise its supervisory powers over the company under the Consumer Financial Protection Act (CFPA).

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