Account Recovery

MARCH 25, 2024

Judge Grants MTD in FDCPA Class Action for Lack of Standing Health Care Provider Files for BK Protection After Cyberattack and Dealing with Change Healthcare Fallout Gov’t Forgives $6B of Loans for 78k Workers Under PSLF Program Compliance Digest – March 25 WORTH NOTING: A quick, five-step method to help you get a messy house […]

Healthcare 147

Healthcare Loans 147

Consumer Finance

MARCH 25, 2024

The CFPB is working to be a leader when it comes to building agency capabilities to address transformative technologies.

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119

Account Recovery

MARCH 25, 2024

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action, ruling the plaintiff lacked standing to sue over a disclosure made in a collection letter. The Background: In April of 2022, the plaintiff received a collection letter from the defendant.

Fair Debt Collection 147

Fair Debt Collection Collections 147

Collect More

MARCH 25, 2024

This, my friends, is a billion dollar question. And here is the billion dollar answer- they don’t NEED to. Create the need and you’ll be paid. How else do you explain the $2.5 million dollars we collected in 2023 within 1 day of receiving the debt. 1 phone call or 1 email. $2.5 million dollars. That’s right- they had the money all along.

Debtor 100

Debtor Collections 100

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Account Recovery

MARCH 25, 2024

A pair of cyberattacks, including one on Change Healthcare that has impacted health care companies across the country has led Petersen Health Care, one of the largest operators of nursing homes in the country, to file for bankruptcy protection.

Healthcare 130

Healthcare Bankruptcy 130

Account Recovery

MARCH 25, 2024

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Consumer Finance

MARCH 25, 2024

The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.

Financial Institution 60

Financial Institution Loans 60

Credit Corp

MARCH 25, 2024

Key Takeaways: Interest rates are fees that you pay while borrowing money until you completely repay a loan. Interest rates are calculated with the formula A=P(1+rt), which can help you find the total interest on a loan. Having a higher credit score can help you qualify for lower interest rates. In essence, interest rates work by determining how much a borrower must pay a lender while using a loan.

Lender 59

Lender Loans Financial Institution Banks 59

Consumer Finance

MARCH 25, 2024

Today, a number of federal and state agencies released agency-specific action statements on tech capacity.

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Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Banks

Credit Corp

MARCH 25, 2024

Generally, it helps to save up to 20-25% of a house’s sales price. However, factors like geographical location, economic climate, real estate interest rates, and global events will influence how much money you’ll need to buy a house. Key Takeaways: An ideal down payment is 20% to 25% of a home’s value. USDA and VA home loans traditionally don’t require down payments.

Loans 52

Loans Lender Credit Unions Credit Unions 52

Collection Industry News

MARCH 25, 2024

March 15 (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be paid in case of a default and companies can defer interest payments.

Collections 40

Collections 40

BN Lawyers

MARCH 25, 2024

Here’s the latest risk management guidance, published in February 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Florida is the First State to Publish an Ethics Op Use of Generative Al – Feb 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Account Recovery

MARCH 25, 2024

The federal government last week announced it had forgiven an additional $6 billion of student loan debt for 77,000 individuals under the Public Service Loan Forgiveness program, while also notifying 380,000 other public service workers that they are on track to have their loans forgiven within the next two years.

Loans 130

Loans Student loans Student Loans Government 130

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

Financial services

FFGN COLLECT NY

MARCH 25, 2024

CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, president of Frank, Frank, Goldstein & Nager 0n Sunday, March 24 to discuss former President Donald Trump’s civil fraud case. Reports stated it may not be possible for the former president to bond the state’s nearly half-billion ($500,000,000) judgment. Following the interview, the deadline to post the bond was extended an additional 10 days, and the bond requirement reduced to $175,000,000.

Lawyers 98

Lawyers Judgment Judgment Enforcement Collections 98