Account Recovery

AUGUST 16, 2024

A District Court judge in Arizona has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that it is entitled to the statute’s bona fide error defense after garnishing a bank account where Social Security payments were deposited to satisfy a judgment. The Background: This suit was initiated after the plaintiff’s bank account, which primarily received Social Security benefits, was garnished by the defendant, a law firm represent

Garnishment 130

Garnishment Fair Debt Collection Law Firms Judgment 130

Consumer Finance

AUGUST 12, 2024

The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.

Financial services 144

Financial services Foreclosure 144

FFGN COLLECT NY

AUGUST 16, 2024

One year is considered the magic number when trying to vacate a default judgment. But why? New York law states that a person who is not personally served with a summons and complaint has one year from learning about the judgment to defend the case and vacate the judgment. According to New York Civil Practice Law and Rules, Section 317 : Defense by person to whom summons not personally delivered.

Judgment 52

Judgment Lawyers Banks 52

Collections Law

AUGUST 14, 2024

Debt collection can be a minefield, especially when you’re trying to stay fair while ensuring you get paid. At Law Offices of Alan M. Cohen & Associates LLC, our innovative commercial collections litigators have more than 50 years of combined experience. We understand the frustration of unpaid invoices. In our extensive experience, we have cultivated the art of aggressive and relentless debt collection using methods allowed to us under state and federal laws, all while maintaining strict eth

Commercial Collection 52

Commercial Collection Collections Debtor Judgment 52

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Account Recovery

AUGUST 16, 2024

HERNDON, Va. — Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. “This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility,” said Dave Yowan, president and CEO of Navient.

Healthcare 130

Healthcare Government Education 130

Prosperity Now

AUGUST 15, 2024

Earlier this week, Prosperity Now submitted comments to the Department of the Treasury’s Request for Information on the Uses, Opportunities, and Risks of Artificial Intelligence (AI) in the Financial Services Sector. Prosperity Now is dedicated to transforming current systems, practices, and policies in service of an economy that works for everyone.

Financial services 45

Financial services 45

BN Lawyers

AUGUST 15, 2024

Barron & Newburger, P.C. is pleased to announce the inclusion of attorneys Noah Fiedler and Stephen Sather in the 2025 edition of The Best Lawyers in America. Noah Fiedler was recognized for Ethics and Professional Responsibility Law and Legal Malpractice Law – Defendants by Best Lawyers®. Stephen Sather was recognized for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation – Bankruptcy by Best Lawyers®.

Lawyers 40

Lawyers Bankruptcy Debtor Creditors 40

Account Recovery

AUGUST 16, 2024

As many as 700 rural hospitals, about one-third of the total number, are at risk of closing their doors, according to a new report. Of these, 360 are in immediate danger, which poses a significant threat to the accessibility of critical healthcare services for millions of Americans. Feeling the pain: Texas leads in the number of hospitals at risk, with 80 facilities, while Kansas has the highest number at immediate risk with 31 hospitals.

Healthcare 130

Healthcare Collections Agency Collection Agencies Government 130

Consumer Finance

AUGUST 12, 2024

People living in a home paid for through a contract for deed can seek help to stay in their home instead of losing it when trouble strikes.

74

74

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

Account Recovery

AUGUST 16, 2024

A District Court judge in Arizona has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that it is entitled to the statute’s bona fide error defense after garnishing a bank account where Social Security payments were deposited to satisfy a judgment. The Background: This suit was initiated after the plaintiff’s bank account, which primarily received Social Security benefits, was garnished by the defendant, a law firm represent

Garnishment 130

Garnishment Fair Debt Collection Law Firms Judgment 130

Account Recovery

AUGUST 16, 2024

HERNDON, Va. — Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. “This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility,” said Dave Yowan, president and CEO of Navient.

Healthcare 130

Healthcare Government Education 130

Account Recovery

AUGUST 16, 2024

As many as 700 rural hospitals, about one-third of the total number, are at risk of closing their doors, according to a new report. Of these, 360 are in immediate danger, which poses a significant threat to the accessibility of critical healthcare services for millions of Americans. Feeling the pain: Texas leads in the number of hospitals at risk, with 80 facilities, while Kansas has the highest number at immediate risk with 31 hospitals.

Healthcare 130

Healthcare Collections Agency Collection Agencies Government 130

Account Recovery

AUGUST 16, 2024

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? Call (855) WEB-RECON or email admin@webrecon.net today!

Debt collector 130

Debt collector Fair Debt Collection Collections 130

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

Account Recovery

AUGUST 15, 2024

Getting to Know Jason Rabago from Payment Savvy Judge Denies MTD in FDCPA Case, Rules ‘Balance Seems to be a Little Off’ Counts as Dispute FTC Publishes Final Rule Banning Fake Reviews Fintech Aimed at Helping Consumers Pay Down Debt Shutters WORTH NOTING: Disney is trying an interesting strategy to get a wrongful death lawsuit against it thrown out … Meet a 7-year-old who won top prize for his blueberry pie at the Texas State Fair … Can you guess which sports franchise is the first

130

130

Account Recovery

AUGUST 15, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

Collections 130

Collections 130

Account Recovery

AUGUST 15, 2024

A District Court judge in Pennsylvania has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act lawsuit, ruling that the plaintiff did in fact dispute a debt when, during a conversation with a representative of the defendant, he said, “the balance seems to be a little off.” The Background: The plaintiff noted an item on his credit report from the defendant.

Fair Debt Collection 130

Fair Debt Collection Original Creditor Creditors Collections 130

Account Recovery

AUGUST 15, 2024

The Federal Trade Commission has issued a final rule aimed at combating the rampant issue of fake reviews and testimonials. This new rule prohibits the sale or purchase of fraudulent reviews and allows the FTC to seek civil penalties against those who knowingly violate the regulation. Why it matters: Fake reviews have long been a thorn in the side of both consumers and honest businesses.

Trade 130

Trade 130

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.

Account Recovery

AUGUST 15, 2024

Tally, a fintech that helped consumers pay down credit card debt and was once valued at $855 million has closed its doors and laid off all of its employees, the company announced. Driving the news: In a LinkedIn post shared Monday, Tally’s founder and CEO Jason Brown announced the “sad and difficult” decision to close the company. Despite extensive efforts to secure additional funding, Brown revealed that Tally could not sustain its operations.

Credit Card Debt 130

Credit Card Debt 130

Account Recovery

AUGUST 14, 2024

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

AUGUST 14, 2024

The Court of Appeals for the Third Circuit has vacated a lower court’s decision the upheld an arbitrator’s ruling in favor of a defendant in a Fair Debt Collection Practices Act case on the grounds that the plaintiff lacked standing to bring the case in the first place, admittedly paving the way for the plaintiff to re-file the lawsuit and force the defendant to defend the case again.

Credit Card Debt 130

Credit Card Debt Fair Debt Collection Collections Agency Collection Agencies 130

Account Recovery

AUGUST 14, 2024

PayZen, an AI-powered patient financing solution that aims to make healthcare more affordable while improving collection rates for providers, has closed an oversubscribed Series B funding round, raising $32 million in equity and securing a $200 million credit warehouse. How it works: PayZen offers “buy now, pay later” services for healthcare, providing interest-free and fee-free payment installments over time.

Healthcare 130

Healthcare Collections 130

Advertisement

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

Account Recovery

AUGUST 14, 2024

Appeals Court Vacates FDCPA Suit, But Leaves Arbitration Award Up in Air CFPB Tasked To Make it Easier for Consumers to Reach ‘Real Person’ When Seeking Assistance, Scour Chatbot Usage PayZen Raises $32M to Expand ‘Care Now, Pay Later’ Healthcare Platform 24 Companies Seeking Collection Talent WORTH NOTING: Food safety tips to keep your kitchen free of bacteria … Car insurance premiums have risen by nearly 50% in the past three years … For collectors of baseball cards, these are the

Healthcare 130

Healthcare Collections 130

Account Recovery

AUGUST 13, 2024

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? Call (855) WEB-RECON or email admin@webrecon.net today!

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

AUGUST 13, 2024

The comments period regarding the Consumer Financial Protection Bureau’s proposed rule that would prohibit creditors from using medical debts when determining whether a consumer is eligible for credit closed yesterday. To provide insight into the tone of the comments being filed, AccountsRecovery.net is sharing some of those comments here. To date, 1,008 comments have been filed and are available to be viewed.

Creditors 130

Creditors Collections 130

Account Recovery

AUGUST 13, 2024

A District Court judge in Illinois has dismissed the remaining claim in a Fair Debt Collection Practices Act case against a defendant, citing a lack of subject matter jurisdiction because the plaintiff lacked standing to sue. The plaintiff, who initially alleged multiple violations of the bankruptcy provisions of the FDCPA, saw her case gradually dismantled until only the FDCPA claim remained.

Bankruptcy 130

Bankruptcy Fair Debt Collection Law Firms Collections Agency 130

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