Fri.May 06, 2022

article thumbnail

Daily Digest – May 6. Grand Jury Charges Collector in Fraud Case; Panel Talks About Importance of Engagement

Account Recovery

GRAND JURY CHARGES BANNED COLLECTOR IN FRAUD CASE A woman who has been no stranger to the law enforcement side of the debt collection business — in fact she was previously barred from participating in the industry back in 2018 — has been charged with conspiracy to commit wire fraud, 16 counts of wire fraud, … The post Daily Digest – May 6.

article thumbnail

Top Skills of Successful Accounts Receivable Specialists ??

Enterprise Recovery

When hiring a qualified accounts receivable specialist, it's important that they have the right skill sets. They're going to be speaking with your customers directly about one of the most uncomfortable topics - money. They need confidence, persistence and enthusiasm, and also they need the proper training. We took a look at A/R job descriptions for a better idea of what's required.

212
212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

N.Y. Enacts Law Banning Colleges From Withholding Transcripts Until Debts are Paid

Account Recovery

The Governor of New York has signed a bill into law that prohibits colleges and universities from withholding transcripts from individuals who owe the schools money, a practice that has been described as “transcript ransoming.” S.5924C/A.6938 goes into effect 30 days after it was signed by the governor. Nationwide, nearly 7 million students were unable … The post N.Y.

246
246
article thumbnail

A Loved One Owes You Money. Now What?

Nerd Wallet

Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when they don’t pay. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

Loans 96
article thumbnail

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.

article thumbnail

Grand Jury Charges Banned Collector in Fraud Case

Account Recovery

A woman who has been no stranger to the law enforcement side of the debt collection business — in fact she was previously barred from participating in the industry back in 2018 — has been charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and conspiracy to defraud the United States as … The post Grand Jury Charges Banned Collector in Fraud Case appeared first on AccountsRecovery.net.

More Trending

article thumbnail

PRA Group Announces Rakesh Sehgal as Head of Corporate Development in Newly Created Role

Account Recovery

NORFOLK, Va., May 5, 2022 — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development. He will be based in New York. In this newly created role, Rakesh will lead corporate development globally, including mergers and acquisitions, and be … The post PRA Group Announces Rakesh Sehgal as Head of Corporate Development in Newly Created R

article thumbnail

What Are Real Estate Agent Networks?

Nerd Wallet

When you’re applying for mortgage preapproval, a loan officer might mention you could get money back at closing by using one of the lender’s partner real estate agents. Or if you’re looking to sell, you might have seen iBuyers and other real estate companies offer incentives to use an affiliated agent to buy your next. Kate Wood writes for NerdWallet.

Loans 85
article thumbnail

Talk-Off Panel Talk About Importance of Engagement

Account Recovery

The theme of yesterday’s Talk-Off, featuring Leslie Bender from Clark Hill, Aaron Reiter from InterProse, and Jennifer Whipple from Collection Bureau Services, was engagement. While discussing several different aspects of trends and ideas within the accounts receivable management industry, the panel kept circling back to the importance of engaging with consumers and engaging with co-workers, … The post Talk-Off Panel Talk About Importance of Engagement appeared first on AccountsRecov

article thumbnail

Airbnb Monthly Rentals: A Closer Look at Pros, Cons

Nerd Wallet

There’s no denying that Airbnb revolutionized the travel industry. Gathering homeowners and customers onto a single app opened up thousands of homes worldwide to short- and long-term renting. Although short stays are common on Airbnb, guests also have the ability to book monthly Airbnb rentals. Of course, there are pros and cons to doing so. Carissa Rawson writes for NerdWallet.

85
article thumbnail

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.

article thumbnail

CFPB Argues the FCRA Requires Furnishers to Investigate Legal Issues Raised in Consumer Disputes

Troutman Sanders

On April 7, the Consumer Finance Protection Bureau (CFPB or Bureau) filed an amicus brief in an appeal, pending before the Court of Appeals for the Eleventh Circuit in which the Bureau argued that the Fair Credit Reporting Act (FCRA) does not exempt furnishers from investigating disputes based on legal questions as opposed to factual inaccuracies. Section 1681s-2(b)(1) of the FCRA states that a furnisher of consumer information must conduct an investigation of disputed information upon receiving

Banks 52
article thumbnail

United Premium Economy: What You Need to Know

Nerd Wallet

Are you looking for an upgraded experience when flying United Airlines but not ready to shell out for first class just yet? United premium economy service, which is called Premium Plus, may be the experience for you. With larger seats, complimentary alcohol and two free checked bags, it’s available on select long-haul international flights and. Alisha McDarris writes for NerdWallet.

77
article thumbnail

Digital Banking: Integrate Your Data, Systems, and Processes

Fico Collections

Following the highly successful The 11 Commandments of Digital Banking eBook , we are completing our series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

Banks 52
article thumbnail

Chase Points Now Worth More When Redeemed for Apple Purchases (Limited Time)

Nerd Wallet

Chase has brought back a limited-time offer that allows you to redeem points for Apple products at a better rate. Through May 31, 2022, your points will be worth up to 50% more when you use them to purchase Apple products through the Chase Ultimate Rewards® portal. Most of the time, Chase Ultimate Rewards® points. Caitlin Mims writes for NerdWallet.

74
article thumbnail

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.

article thumbnail

Hero’s Journey: Law Firm Intake, Part 1 – Engage

NCBA Law Practice Management Blog

Lawyers often focus on their own expectations when it comes to client intake. They assume a lot about legal consumers’ preferences, without actually investigating what those preferences really are. In that situation, it usually ends up that law firms construct intake programs that don’t reflect relevant trends respecting legal consumers, and that are created for the ease of use of the law firm, and not for the ease of use of the consumer.

article thumbnail

Varo vs. Chime: Which Is Better for You?

Nerd Wallet

Varo and Chime have comparable offerings with a few key differences. Varo is a bank, and Chime is a neobank — an online-only financial service company that partners with a bank to provide account insurance. Here’s how the two companies compare with each other. Snapshot comparison Checking account No monthly maintenance fee or minimum balance. Chanelle Bessette writes for NerdWallet.

Banks 74
article thumbnail

How to Pick a Study Abroad Credit Card

Nerd Wallet

Your kid may have already fled the nest to college, but now they’re tackling their next big flight — and this one is abroad. As you get their passport photo just right and find the perfect backpack for their adventure, consider what credit card they should bring as well. You can help your child to. Meg Lee writes for NerdWallet. Email: mlee@nerdwallet.com.

73
article thumbnail

Best Medicare Supplement Plans in Florida

Nerd Wallet

Florida has over 4.8 million Medicare beneficiaries — it’s second only to California for total Medicare members. Of those, about 2.3 million have Original Medicare (Part A and Part B). Floridians with Medicare Part A and Part B can purchase Medicare Supplement Insurance, or Medigap, to help cover certain out-of-pocket expenses like copays, coinsurance and.

69
article thumbnail

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.

article thumbnail

Best Medicare Supplement Plans in Pennsylvania

Nerd Wallet

Pennsylvania has over 2.8 million Medicare beneficiaries — the fifth highest total of any state. About 1.5 million of those beneficiaries have Original Medicare (Part A and Part B). Pennsylvanians with Medicare Part A and Part B can purchase Medicare Supplement Insurance, or Medigap, to help cover certain out-of-pocket expenses like copays, coinsurance and deductibles.

68