Collections Law

OCTOBER 29, 2024

In the world of business, collecting unpaid debts can feel like a never-ending battle. In addition, many companies unknowingly commit errors that hinder their efforts. Our commercial collections attorneys at the Law Offices of Alan M. Cohen & Associates LLC law have dedicated their legal careers to helping businesses collect their unpaid debts. Our attorneys have more than five decades of combined experience helping companies collect their unpaid accounts receivable.

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Enterprise Recovery

NOVEMBER 1, 2024

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

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Account Recovery

NOVEMBER 1, 2024

The Consumer Financial Protection Bureau and the Centers for Medicare & Medicaid Services yesterday issued a joint statement reminding and warning companies in the credit and collection industry that millions of low-income Medicare recipients, known as Qualified Medicare Beneficiaries (QMBs), are protected by federal law from being charged for Medicare cost-sharing, such as co-pays and deductibles.

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Healthcare Collections Fair Debt Collection Debt collector 130

Consumer Finance

OCTOBER 30, 2024

The Consumer Financial Protection Bureau and the Centers for Medicare and Medicaid Services issued a joint letter to protect millions of Medicare beneficiaries living at or below the poverty line from unlawful medical bills.

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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.

Burt and Associates

OCTOBER 31, 2024

The Financialization of Debt: A Growing Concern in Medical and Rental Markets In a world increasingly shaped by the integration of finance into everyday life, the Consumer Financial Protection Bureau (CFPB) recently released a report that sheds light on two critical sectors affected by this trend: medical and rental debt. These areas, essential to basic human well-being, are becoming fertile ground for financial products and services that may not always prioritize consumer welfare.

Healthcare 52

Healthcare Collection Agencies Collections Agency Debt Recovery 52

Account Recovery

NOVEMBER 1, 2024

Adding insult to injury, the Consumer Financial Protection Bureau yesterday fined one of the nation’s largest credit unions $1.5 million because the rollout of a new banking platform back in 2022 did not go according to plan and left some customers unable to access their accounts or perform certain functions online. Why it matters: The action against VyStar Credit Union underscores the CFPB’s growing focus on the digital capabilities of financial institutions and their impact on cons

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Credit Unions Credit Unions Financial Institution Banks 130

Consumer Finance

OCTOBER 30, 2024

The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.

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Credit Unions Credit Unions Banks 97

Burt and Associates

OCTOBER 31, 2024

About Transcript About CFPB 2024 Annual Report on Activities to Administer the Fair Debt Collection Practices Act I. Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. 1.1.2 Debt Not Owed: Examines consumer complaints about medical debt collection for debts not actually owed, often stemming from billing error

Collections 52

Collections Debt collector Education Fair Debt Collection 52

JMA

OCTOBER 28, 2024

Seasonal businesses often face unique challenges when it comes to managing cash flow. While peak seasons can bring in significant revenue, off-peak periods often lead to cash flow shortages, putting financial strain on the business. Managing these seasonal cash flow fluctuations is critical for maintaining financial stability and ensuring long-term success.

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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

Account Recovery

NOVEMBER 1, 2024

Collector Facing Class Action for Making Calls After Plaintiff Allegedly Revoked Consent CFPB, CMS Issue Guidance on Collecting from Certain Medicare Recipients CFPB Fines Credit Union $1.5M for Botched Platform Upgrade Judge Remands FDCPA Case Back to State Court for Lack of Standing Anyway After Plaintiff Withdraws Motion WORTH NOTING: Six techniques that really work at helping you find lost objects … There is a new disease atop of the list of the most dangerous in the world … In a

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Credit Unions Credit Unions Collections 130

Consumer Finance

OCTOBER 31, 2024

The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.

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Burt and Associates

OCTOBER 31, 2024

The Financialization of Debt: A Growing Concern in Medical and Rental Markets In a world increasingly shaped by the integration of finance into everyday life, the Consumer Financial Protection Bureau (CFPB) recently released a report that sheds light on two critical sectors affected by this trend: medical and rental debt. These areas, essential to basic human well-being, are becoming fertile ground for financial products and services that may not always prioritize consumer welfare.

Healthcare 52

Healthcare Collection Agencies Collections Agency Education 52

NCBA Law Practice Management Blog

OCTOBER 27, 2024

According to a new report from Legal.io, law firm mergers are on the upswing, in 2024. The interesting part of that report, is just how many small firms are involved in the merger conversation. All me rgers were up 24% for Q1 of 2024; but, fully 65% of those mergers involved law firms with between 5-20 attorneys. Anecdotally, of late, I have myself been involved in helping to move forward mergers between small firms, including those where 2 solo lawyers have joined forces to form a small law fir

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Law Firms Lawyers Creditors 52

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Collection Agencies

Account Recovery

NOVEMBER 1, 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 Personal loans Loans Collections 130

BN Lawyers

OCTOBER 30, 2024

Here’s the latest risk management guidance, published in September 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – ABA Issues Formal Opinion 513 – Duty to Inquire – Sept 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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On Guard

OCTOBER 29, 2024

Relatively little has changed over the past 25 years in the credit management profession. Yes, we now send e-mails and text messages instead of faxes and letters. Moreover, we have “fancy” systems and AI. However, in essence, outstanding receivables have not declined structurally within organisations, said Meri Nasole, at the first Onguard University event.

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Credit Management 40

NCBA Law Practice Management Blog

OCTOBER 27, 2024

Artificial intelligence has fast become a fact of modern life – as it has perhaps been adopted more widely, more quickly, than any previous technology. Yet, lots of attorneys still haven’t had any substantive experiences with AI, to date. But, the fact of the matter is that there are a lot of use cases for AI, in law practice; so, it may be easier to get started, than you think.

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Law Firms Lawyers Creditors 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.

Account Recovery

NOVEMBER 1, 2024

It’s helpful at times to be reminded that the issue of whether a plaintiff has standing or not to pursue a case in federal court is not always up to the parties. Judges can decide whether to keep a case in federal court or remand it back to state court on their own, whether the parties want it remanded or not. A District Court judge in New York has remanded a case back to state court — where it was originally filed — even though the plaintiff withdrew her motion to remand, ruling that the

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Fair Debt Collection Collections 130

Account Recovery

OCTOBER 31, 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

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Collection Agencies Collections Agency Collections Creditors 130

Account Recovery

OCTOBER 31, 2024

If you have been following this case on AccountsRecovery.net for the past year or so, you’ve been sitting on the edge of your seat wondering just how much the judge was going to aware in attorney’s fees after sanctioning the plaintiff because any “reasonable party in Plaintiff’s circumstances would have known the allegations were demonstrably false and the claims based upon them frivolous.” Well, we have that number now.

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Account Recovery

OCTOBER 31, 2024

The Supreme Court of New Mexico has ruled that employees of a credit union engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts. The background: The plaintiffs alleged that the defendant engaged in the unauthorized practice of law by having non-attorney employees file collection lawsuits against them in New Mexico state court.

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Credit Unions Credit Unions Judgment Collections 130

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Collections

Account Recovery

OCTOBER 31, 2024

One of the nation’s largest credit card lenders has had a summary judgment ruling in its favor affirmed by the Court of Appeals for the Ninth Circuit, after it was sued for allegedly violating the Americans with Disabilities Act and the Family Medical Leave Act by an employee who had been terminated. The background: The plaintiff, who had been diagnosed with anxiety and depression, claimed she faced adverse employment actions after taking leave under the FMLA and raising complaints about t

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Account Recovery

OCTOBER 31, 2024

Getting to Know Ron Elgin at Number Sentry Judge Awards Defendant $76k in Fees, Expenses After Sanctions Ruling in FDCPA Case N.M. Supreme Court Rules CU Employees Engaged in Unauthorized Practice of Law When Filing Collection Suits Against Members Appeals Court Affirms Ruling for Creditor in FMLA, ADA Case WORTH NOTING: What you need to know about walking pneumonia, which is spiking in kids … Elections are just one of the major sources of stress for Americans today … If you’re

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Account Recovery

OCTOBER 30, 2024

I don’t know of anyone who would proclaim a love of Ticketmaster, so a ruling against them is likely to be viewed positively by everyone, but the identity of the defendant aside, there are ramifications in this ruling related to how arbitration clauses are worded and enforced — at least within the Ninth Circuit. The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that denied the defendant’s motion to compel arbitration in a putative antitrust cl

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Account Recovery

OCTOBER 30, 2024

Judge Rules Defendant Meets FDCPA’s Definition of Debt Collector Bill Introduced in House to Reform CID Process Appeals Court Affirms Ruling that FAA Doesn’t Apply to Mass Arbitration 22 Companies Seeking Collection Talent WORTH NOTING: Gift ideas for the frequent traveler in your life … There is being a fan, and then there is going this far to help your favorite team … The list of the most popular Halloween candy has a new Number One … Why you should be seeking out wealthy fri

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Debt collector Collections 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