Mon.Dec 12, 2022

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Daily Digest – December 12. Judge Partially Dismisses Claims in FDCPA Case; Acquisition of Proptech Firm Shows Commitment to Flexible Payment Offerings

Account Recovery

JUDGE PARTIALLY DISMISSES CLAIMS IN FDCPA CASE, RULES PHYSICAL INJURIES ENOUGH TO CONFER STANDING In a lot of instances, unpacking and summarizing a court ruling in less than 500 words is pretty easy. But, like the situation we have for this particular case, the volume of interesting twists and turns are going to make being … The post Daily Digest – December 12.

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Co-Buying a House: How Platonic Partners Make It Work

Nerd Wallet

AP. Abby Badach Doyle writes for NerdWallet. Email: abadachdoyle@nerdwallet.com. The article Co-Buying a House: How Platonic Partners Make It Work originally appeared on NerdWallet.

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Compliance Digest – December 12

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Smart Money: Rising Interest Rates, and Budgeting With Apps

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Rising Interest Rates, and Budgeting With Apps originally appeared on NerdWallet.

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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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Acquisition of Proptech Firm Shows Commitment to Offering Consumers Flexible Payment Options

Account Recovery

You’ve probably heard of fintech — a mash-up of the words financial and technology — in the past couple of years as new start-ups and platforms, such as Buy Now, Pay Later offerings, have become more popular. But even I had to look up what proptech was when I read this article, and after reading … The post Acquisition of Proptech Firm Shows Commitment to Offering Consumers Flexible Payment Options first appeared on AccountsRecovery.net.

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Judge Partially Dismisses Claims in FDCPA Case, Rules Physical Injuries Enough to Confer Standing

Account Recovery

In a lot of instances, unpacking and summarizing a court ruling in less than 500 words is pretty easy. But, like the situation we have for this particular case, the volume of interesting twists and turns are going to make being brief difficult, so bear with me. A District Court judge in Minnesota has partially … The post Judge Partially Dismisses Claims in FDCPA Case, Rules Physical Injuries Enough to Confer Standing first appeared on AccountsRecovery.net.

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How to Handle a Medical Debt Collector

Credit Corp

In This Piece. Gather Information Request Verification of Debt File a Dispute Make Sure It’s Listed as Medical Debt Can You Negotiate Medical Bills in Collection? Know Your Rights. Are you struggling with medical debt? Are you tired of medical collectors calling? If so, you’re not alone. Studies show that Americans owe more than $88 million in medical debt.

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Collection Law Firm Fined $100k, Ordered to Stop Collecting in CT Without License

Account Recovery

The Connecticut Department of Banking has fined a collection law firm $100,000 — the maximum amount allowed by law — and ordered it to cease and desist from collecting in the state without a valid license. A copy of the enforcement order against the Law Offices of David M. Katz can be accessed by clicking … The post Collection Law Firm Fined $100k, Ordered to Stop Collecting in CT Without License first appeared on AccountsRecovery.net.

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Tax Changes Incoming for Research and Experimental Expenditures

Fraser

For tax years beginning in 2022, research and experimental (R&E) expenditures are no longer immediately expensed but rather must be amortized over five years (15 years for foreign expenditures). To illustrate, if a business spent $1,000 on domestic research activities in 2021, it could deduct the full $1,000 on its 2021 tax return. But, starting in 2022, $1,000 spent on research will be deducted incrementally over a five-year period; approximately $200.

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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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Credit Cards That Give Instant Rewards

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Credit Cards That Give Instant Rewards originally appeared on NerdWallet.

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Bringing Baby Bonds to Massachusetts

Prosperity Now

Over the last several months, the Massachusetts Baby Bonds Task Force , which includes Prosperity Now Policy Fellow, Shira Markoff

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Epcot for Kids: What Parents Need to Know

Nerd Wallet

So you’ve finally made it to Walt Disney World. You’ve got a week to spend there, but you’re not sure which parks are best for your family. We don’t blame you — Disney World is a massive series of resorts and theme parks with seemingly endless options. Among the theme parks is Epcot, a Disney. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, Regarding the Living Wills Submitted by Certain Large Foreign and Domestic Firms

Consumer Finance

CFPB Director Chopra’s statement on the living wills submitted by certain large foreign banks.

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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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How to Find Wheelchair-Accessible Vacation Rentals

Nerd Wallet

Finding the right vacation rental can take time and effort, especially if you’re looking for specific types of properties — like those that meet the requirements of the Americans with Disabilities Act. Thankfully, many companies offer search filters that make finding accessible properties easier. Let’s take a look at how to find wheelchair-accessible vacation rentals.

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CFPB and FHFA Publish Updated Data from the National Survey of Mortgage Originations for Public Use

Consumer Finance

CFPB and FHFA release updated data from the National Survey of Mortgage Originations for public use.

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UK Restaurants going bust at a faster rate than during Covid

UK debt collections

UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff shortages and falling bookings. Closures in the sector rose by 60%, with 1,567 insolvencies over 2021-22, up from 984 during 2020-21, according to a study by the advisory firm Mazars. The figure includes 453 over the past three months, up from 395 in the previous quarter.

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Network International & FICO Bring MEA Enterprise Fraud Detection

Fico Collections

Home. Blog. FICO. Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. Vice President, Global Partners & Alliances. expand_less Back To Top.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Tools to Build a Brighter Future in Your State as Baby Bonds Champions Triumph in the Election

Prosperity Now

Baby Bonds have gained momentum at the state level over the past few years, including the passage of the first

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On December 8, the Office of the Comptroller of Currency (OCC) released its Semiannual Risk Perspective for Fall 2022 , which discusses major risk themes facing the federal banking system.

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Reflections 2022: The Power of Patents and the People Behind Them

Fico Collections

Home. Blog. FICO. Reflections 2022: The Power of Patents and the People Behind Them. In 2022, FICO was granted 11 new U.S. software patents. FICO Admin. Tue, 07/02/2019 - 02:45. by Scott Zoldi. expand_less Back To Top. Mon, 12/12/2022 - 16:00. As 2022 draws to a close I am reflecting on what has been a very challenging year for the world at large. I am more grateful than ever for things that are easy to take for granted: health, family, a roof over my head, electricity and water, and food on the

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Connecticut Department of Banking Fines Law Firm $100,000 for Collecting Without a License

Troutman Sanders

On December 1, the Connecticut Department of Banking issued a cease and desist order to the Law Offices of David M. Katz mandating the law firm cease conducting collection activities in the state without a license. The law firm was also fined $100,000, the maximum allowed by law. Earlier this year, the Department of Banking issued a temporary order to cease and desist which stated: That the Department of Banking had received a list of 9,788 Connecticut debtor accounts that were referred to the l

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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US Supreme Court to review President Biden’s student debt plan

Collection Industry News

The US Supreme Court has agreed to review the legality of President Joe Biden’s plan to cancel student loan debt for millions of borrowers. The programme will remain on hold until the case is heard, the court has announced. In November, a lower court judge ruled the programme was unlawful. The programme would provide $20,000 (£24,490) in loan relief to tens of millions of Americans.