Wed.Aug 31, 2022

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Ed. Department Discharges All Westwood College Loans

Account Recovery

The Department of Education yesterday announced it was discharging $1.5 billion of student loans for all of the 79,000 individuals who attended Westwood College between 2002 and 2015, ruling that the school “engaged in widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.” The student loans will be discharged regardless … The post Ed.

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What Are the 6 Types of Bankruptcy?

Nerd Wallet

Bankruptcy, often considered a last financial resort, is a legal process that can help alleviate outstanding debts for individuals and businesses. Reasons to file for bankruptcy can include divorce, job loss, exorbitant medical bills or credit card debt. There are several types of bankruptcy — six, as a matter of fact. The two most common. Tiffany Curtis writes for NerdWallet.

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Daily Digest – August 31. Judge Grants MTD in FDCPA Case Over Text Messages; Ed. Dept. Cancels More Student Loans

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER TEXT MESSAGES The plaintiff filed suit after receiving text messages from the defendant, but accidentally named the wrong defendant in the wrong jurisdiction. After correcting the error and re-filing, the correct defendant noted that the statute of limitations had expired and filed a motion to dismiss, which the … The post Daily Digest – August 31.

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What Everyone Can Learn From a Traveler With a Disability

Nerd Wallet

Like many people who trek up Mount Etna in Sicily, Sylvia Longmire wanted to see the top of an active volcano. And overlooking the black crater, she thought, “This would make a great Instagram photo.” And it was a great photo — until she realized she was stuck. Longmire, who has multiple sclerosis, uses a. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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26 Companies Seeking Collection Talent

Account Recovery

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 … The post 26 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Capio Announces New Strategic Focus on Financial Wellness

Account Recovery

ATLANTA, Aug. 30, 2022 — Capio, one of the country’s largest acquirers of non-performing healthcare accounts receivable, today announced a series of organizational changes to support its new mission: to help people burdened with medical debt achieve long-term financial wellness. As experts specializing in patient medical debt resolution and cash funding for care providers, Capio’s executive team saw … The post Capio Announces New Strategic Focus on Financial Wellness appe

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10 Best Travel Insurance Companies in September 2022

Nerd Wallet

Whether you’re looking for an international travel insurance plan, emergency medical care, COVID coverage or a policy that includes extreme sports, these are the best travel insurance providers to get you covered. If you already have an insurer in mind or just want to learn more about some of the best travel insurance companies, take. Meg Lee writes for NerdWallet.

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Lawsuit Volume, Complaint Totals Keep Falling: WebRecon

Account Recovery

Consumers appear to have a lot less to be upset about these days, at least as it relates to companies in the accounts receivable management industry. The number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act continue to plummet, as do the … The post Lawsuit Volume, Complaint Totals Keep Falling: WebRecon appeared first on AccountsRecovery.net.

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Rise in fraud causing Courts backlog

UK debt collections

During the first half of 2022, the value of alleged fraud cases exceeding £100k heard in UK Crown Courts soared by almost 300% compared to the first six months in 2021, rising from £137.4m to a staggering £532.6m. This is above the total value of alleged fraud seen in Crown Courts during the whole of 2021, which reached almost £445m, demonstrating that the eruption of fraud sweeping the UK is showing no sign of slowing according to new research by KPMG.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Judge Grants MTD in FDCPA Case Over Text Messages

Account Recovery

A lesson to plaintiffs everywhere – make sure to mind your P’s and Q’s. A District Court judge in Georgia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the statute of limitations on the alleged violation had expired because the plaintiff first filed the suit in a … The post Judge Grants MTD in FDCPA Case Over Text Messages appeared first on AccountsRecovery.net.

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Do Fuel Additives Work?

Nerd Wallet

Do fuel additives work? It can be difficult to know for sure without taking apart your engine or tracking data over time. Most automotive experts agree that properly maintained newer cars won’t benefit much from aftermarket fuel additives (the kind you add to your gas tank). These vehicles may show small benefits in longevity and. Whitney Vandiver writes for NerdWallet.

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DelBene Tax Prep Dispatch - How VITA sites can increase their VITA Grant totals and help families using GetCTC referrals

Prosperity Now

GetCTC.

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Best Chase Credit Card Offers for Travelers

Nerd Wallet

Are you looking for the best Chase credit card offer? Chase has a variety of different credit cards for travelers, including many co-branded options. However, there are just two consumer cards that earn Chase Ultimate Rewards®, a transferable point currency you can use to purchase travel, gift cards or get cash back. Let’s take a. Carissa Rawson writes for NerdWallet.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Eurozone Inflation Hits 9.1% Record High in August

NACM

Inflation hit a new record of 9.1% this month in European countries that use the euro currency. Economists say this is caused by a sharp rise in energy prices due to the Russia-Ukraine war. Annual inflation in the eurozone's 19 countries rose from 8.9% to 9.1% in just one month from July to August, according to the European Union statistics agency.

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10 New NYC Hotels You Can Book With Points

Nerd Wallet

New York City is back and better than ever thanks to a slew of new hotels that have opened since the pandemic halted travel. With different price points, travelers to the most populous U.S. city have plenty of opportunities to earn and redeem points during their visit. It’s not just in Midtown Manhattan where new. Ramsey Qubein writes for NerdWallet.

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Study Shows Medical Debt Can Affect Your Health

Sawin & Shea

Most people have noticed that when one thing goes wrong, several other things invariably follow. There’s even a common expression describing the experience: “When it rains, it pours.” Unfortunately, medical debt is no exception. It can easily precipitate a resulting series of unfortunate events, one of them (ironically) being poor health. This is more than perception; it is a documented phenomenon, explored most recently in a 2021 research study from The Sycamore Institute.