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NY DFS REACHES SETTLEMENT WITH PAYDAY LENDERS OVER COLLECTION TACTICS
- The New York State Department of Financial Services has reached a settlement with two payday lenders that will see up to $12 million of loans forgiven because the lenders were using illegal debt collection tactics. Payday lending is also illegal in New York State.
OHIO TOWN STRUGGLING WITH UNPAID TICKETS
- Nearly 90% of ticketed individuals in the jurisdiction of Berea, Ohio have not paid their fines, an amount that totals more than $800,000. The amount owed is $50,000 than it was a year ago. The town does ultimately send the unpaid accounts to a pair of collection agencies if an individual does not show up for a scheduled hearing.
BILLING MISTAKE LEADS TO COLLECTION PROBLEMS FOR VETERAN
- It’s the cautionary tale that everyone in the industry worries about. A veteran who went to the hospital with severe stomach pains received bills from the facility and a collection agency for more than a year, which ended up impacting his credit score, even though he was being told by the Veterans Administration that the bills had been paid. The ultimate problem was a billing mistake that ended up causing all of the problems, but even after a television station intervened, it still took more than two dozen emails to get the problem solved.
HOSPITALS TRYING TO GET LEANER IN RCM DEPARTMENT
- Increasing automation and decreasing expenses are leading more healthcare facilities to ask individuals to set up their own self-serve payments, such as setting up payment arrangements online, according to a panel of revenue cycle management professionals who spoke at a recent industry conference.
WORTH NOTING: A replica of Air Force One was unveiled as a pop-up museum in Rhode Island … A rapper has started a fundraising campaign to prove the earth is flat … Former Congressman Anthony Weiner was sentenced to 21 months in prison in a sexting case … The Republicans latest healthcare effort appears to have run out of steam … Austin, Texas is the city that spends the most out-of-pocket money on healthcare costs, according to a report … The jobs where women make the most, compared with men … Psychological tricks that will make people like you immediately … The FBI says Detroit is once again the most violent city in America. Detroit’s police chief disagrees with that assessment … Five ways to get people to respond to your email … The four essential skills needed for the CEOs of the future.
We’ll probably be dead so it won’t really matter, but here is what the Earth will look like in 250 million years
Parents read their kids’ search histories
The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
