DEAL PROPOSED IN CFPB STRUCTURED SETTLEMENT ACTION
- The Consumer Financial Protection Bureau and defendants it sued over allegedly unfair, abusive, and deceptive practices related to the transfer of consumers’ future structured settlement payments have reached a proposed settlement that will see the defendants pay $50,000 in fines and penalties and be permanently banned from making any referrals related to structured settlement transaction advice.
REPORT HIGHLIGHTS STRUGGLE FOR CONSUMERS TO REPAY STUDENT LOANS
- Even before the COVID-19 pandemic struck the United States, the burden of repaying student loans was weighing heavily on individuals, including those living in New York City, according to a report that was issued by the city’s Department of Worker and Consumer Protection. Now, as the countdown to restarting student loan payments inches closer to zero, the DWCP is calling for a number of actions, including canceling some student loan debts, and restructuring payment plans to make them more affordable to consumers.
DATA DETAILS DISTURBING TREND FOR HEALTHCARE PROVIDERS
- One-fifth of individuals would rather go to the DMV than try to pay their medical bills online, according to the results of a survey conducted by VisitPay, which have been published in a media report. The comparison is meant to illustrate just how far medical providers still have to go in providing a robust and user friendly online experience for patients trying to understand and pay their medical bills.
TRANSWORLD SYSTEMS COMPLETES ACQUISITION OF EOS NORTH AMERICA
- Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.
EXPERTS OFFER INSIGHTS INTO LATEST LEGAL RULINGS
- Each week, AccountsRecovery.net publishes summaries of legal rulings that are impacting the accounts receivable management industry. But those summaries don’t necessarily provide insight into what you need to do — if anything — as a result of those rulings. For that, I turn to the experts. Every week, the top legal minds of the industry weigh in on those rulings, providing much-needed context and insight to help you better understand the rulings and be better informed when making important decisions. This week, Joann Needleman, David Schultz, Caren Enloe, Ethan Ostroff, Stefanie Jackman, Amanda Griffith, Patrick Newman, and Carlos Ortiz share their wisdom with you. This series is sponsored by Bedard Law Group.
WORTH NOTING: Five tips to help stop you from being so mean to yourself … Odd and interesting facts about candy canes and why there is a shortage of them … More people than you think have made money decisions based on their horoscopes … The most common symptoms associated with the COVID-19 omicron variant … How parents can monitor what their kids do on social media … The generation driving the labor shortage might not be the one you think it is … How to make and sell NFTs … Getting ready for tomorrow’s Winter Solstice … Fifteen recommended Christmas movies.
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Music Monday
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