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

Collection Agencies 130

Collection Agencies Collections Agency Collections Financial Institution 130

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.

Banks 52

Banks Collections 52

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.

Credit Management 52

Credit Management Trade 52

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.

Collections 130

Collections Healthcare 130

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.

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections Healthcare 130

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.

Collection Agencies 157

Collection Agencies Collections Agency Collections 157

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.

Collections 130

Collections Banks 130

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.

Education 130

Education Government 130

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.

Banks 101

Banks 101

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

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.

Government 98

Government Loans 98

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 […]

Law Firms 130

Law Firms Collections 130

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.

Credit Counselor 130

Credit Counselor Healthcare Collection Agencies Collections Agency 130

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.

Acquisition 75

Acquisition 75

Advertisement

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

Collection Agencies

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.

Banks 70

Banks 70

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.

Debt collector 130

Debt collector 130

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.

Education 100

Education Healthcare 100

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).

Debt collector 52

Debt collector Collection Agencies Collections Agency Debtor 52

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.

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.

52

52

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.

Law Firms 130

Law Firms Collections 130

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.

Collection Agencies 100

Collection Agencies Collections Agency Debtor Collections 100

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.

Judgment 52

Judgment Financial services 52

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

Fico Collections

JUNE 23, 2023

Home Blog Feed test Is Hyper-Personalization a Game Changer for Fraud Management? Done right, hyper-personalization is the key to some major challenges faced by fraud departments, transforming customer experience and fraud controls Wed, 03/08/2023 - 22:14 jessica shortt by Matt Cox Vice President and General Manager, EMEA expand_less Back to top Fri, 06/23/2023 - 10:50 Over the past decade, personalisation has been the holy grail at key touch points in the customer lifecycle.

Financial services 52

Financial services Banks Acquisition 52

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?

130

130

Nexa Collect

JUNE 23, 2023

The impact of a debt collector’s call on the debtor can be multifaceted and can affect various aspects of the debtor’s life. Here are some of the potential impacts: Stress and Anxiety : One of the most immediate impacts of a debt collector’s call is the increase in stress and anxiety. Debtors may feel embarrassed, worried, or even scared when contacted by a debt collector.

Debtor 100

Debtor Debt collector Credit Counselor Fair Debt Collection 100

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.

Law Firms 52

Law Firms Creditors 52

Advertisement

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections