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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 […]
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.
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.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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.
CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, President of Frank, Frank, Goldstein & Nager. At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.
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CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, President of Frank, Frank, Goldstein & Nager. At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.
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.
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.
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.
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.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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.
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.
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.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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.
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