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Credit Card Companies Block Payment Security, Competition

January 6, 2020CreditBy toptierfinancial

According to an in-depth report, a systemic pattern of decision-making by EMVCo, an organization owned by the world’s six largest payment card companies, implemented standards with less security and resulted in greater fraud risk. The white paper, “Payment Insecurity: How … Continue reading →

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American Hospital Association Stays Mum On Debt Collection Practices

January 6, 2020CreditBy toptierfinancial

AHA, which represents nearly 5,000, mostly nonprofit hospitals and medical systems, has issued few guidelines on such aggressive practices or the limited financial assistance policies that often trigger them. The American Hospital Association, the biggest hospital trade group, says it … Continue reading →

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Debt Collection Letter Recipient Lacks Standing to Sue Law Firm

January 6, 2020CreditBy toptierfinancial

A Michigan man who says a law firm’s debt collection letters made him worry about being sued lacks standing to sue the firm because he hasn’t shown injury linked to the firm’s conduct, the Sixth Circuit said Jan. 3. Gustav … Continue reading →

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US home prices climb 5% from last October

January 3, 2020CreditBy toptierfinancial

Home prices increased in October, rising only 0.2% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using home sales price information from … Continue reading →

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5 credit card predictions for 2020

January 3, 2020CreditBy toptierfinancial

© Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers. 2019 has been a busy year in the … Continue reading →

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25% of Americans have an error on their credit report

January 2, 2020CreditBy toptierfinancial

If you notice an error on your credit report, it’s in your best interest to get it fixed as quickly as possible. About 25% of Americans have an error on their credit reports, according to a 2012 study by the … Continue reading →

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How Automation Can Improve Debt Collection

January 2, 2020CreditBy toptierfinancial

Photo: Getty In the debt collection industry, collectors are a company’s front-line offense and defense. They bring in revenue and are the first point of contact for debtors. The higher the productivity of your agents, the higher the income of … Continue reading →

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Confusion continues about Ellwood City hospital debt collection calls

January 1, 2020CreditBy toptierfinancial

The Texas collection agency calling patients about Ellwood City Medical Center debt is Better Business Bureau-accredited, but many remain uncertain whether they should pay the company. ELLWOOD CITY — The Texas collection agency calling patients about Ellwood City Medical Center … Continue reading →

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Fintech Lenders Tighten Their Standards, Becoming More Like Banks

January 1, 2020CreditBy toptierfinancial

Lara Briehl had a desperate client who was itching to accept an offer. The man was struggling to pay his bills, and an online lender had offered him a personal loan to pay off some 10 credit cards. Accepting, he … Continue reading →

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How some Alabama sheriffs force inmates into medical debt

December 31, 2019CreditBy toptierfinancial

This article was produced in partnership with ProPublica, a nonprofit newsroom that investigates abuses of power. AL.com this year is a member of the ProPublica Local Reporting Network. ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up … Continue reading →

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