Fri.May 20, 2022

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Daily Digest – May 20. Judge Grants MTD Over Settlement Offer in Letter; Appeals Court Affirms Ruling for Legal Collector in Age Discrimination Case

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER SETTLEMENT OFFER IN LETTER A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because settlement offers mentioned in an initial collection notice allegedly violated the 30-day dispute window. APPEALS COURT AFFIRMS RULING … The post Daily Digest – May 20.

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Does Leadership Influence Client Satisfaction?

Enterprise Recovery

Businesses often tout that they are "customer-focused" but in fact, they may only be focusing on what they assume the customer wants. Unless they're really taking the pulse of those they serve, through surveys and communication, the business may be more internally focused than keeping clients happy. Can business leaders help change the focus? Does business leadership influence client satisfaction?

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Panel Talks About How to Deal With Consumer Complaints

Account Recovery

Companies in the accounts receivable management industry should be forgiven for thinking they are visiting a carnival and not spending time in the office, because their jobs these days look a lot like Whac-a-Mole and less like collecting debt, thanks to regulators who are aggressively rolling out new rules and plans, panelists on this week’s … The post Panel Talks About How to Deal With Consumer Complaints appeared first on AccountsRecovery.net.

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CFPB Issues Interpretive Rule Bolstering Enforcement Efforts by States

Troutman Sanders

On May 19, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an interpretive rule , describing states’ authorities to pursue companies and individuals that allegedly violate any of the federal consumer financial laws enforced by the CFPB. CFPB Director Rohit Chopra described this action as “promoting state enforcement, not suffocating it.

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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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Appeals Court Affirms Ruling for Legal Collector Sued for Age Discrimination

Account Recovery

The Court of Appeals for the Sixth Circuit has affirmed a lower court’s ruling in favor of a collection law firm that was sued for allegedly discriminating against a woman for not hiring her back for a collector’s position because of her age, when in fact she had been notified of poor performance as a … The post Appeals Court Affirms Ruling for Legal Collector Sued for Age Discrimination appeared first on AccountsRecovery.net.

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CFPB Issues Rule Giving States More Authority to Enforce Federal Laws, Including FDCPA

Account Recovery

The Consumer Financial Protection Bureau yesterday opened the door for states to take more regulatory and enforcement actions against financial services companies, including those in the accounts receivable management industry, issuing an interpretive rule that certifies that states can enforce the Consumer Financial Protection Act. The CFPB also reminded state regulators yesterday that there is … The post CFPB Issues Rule Giving States More Authority to Enforce Federal Laws, Including FDC

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How Debt-Related Stress Affects Body and Mind

Nerd Wallet

Being in debt feels like you’re always a step behind. It doesn’t help that debt is spoken about as something that’s your fault — too much online shopping, or too many pricey pitchers of mimosas at brunch. “In our culture, in our country, we have a lot of noise about debt,” says Lindsay Bryan-Podvin, an. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Judge Grants MTD in FDCPA Case Over Settlement Offer in Letter

Account Recovery

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because settlement offers mentioned in an initial collection notice allegedly violated the 30-day dispute window. A copy of the ruling in the case of Bernard v. Radius Global Solutions can … The post Judge Grants MTD in FDCPA Case Over Settlement Offer in Letter appeared first on AccountsRecovery.net.

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What Is a Margin Call? Definition and How to Avoid One

Nerd Wallet

Margin trading allows investors to purchase securities, such as stocks, with borrowed money. The hope behind the gamble is simple: A loan increases your purchasing power, which can magnify your gains. But what happens when the investments you made with the money you borrowed aren’t doing so well? For starters, you might get what’s called. Sabrina Parys writes for NerdWallet.

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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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What Is a Personal Loan?

Better Credit Blog

Life is filled with unanticipated expenses, and when you least expect it, you could be hit with a financial need that extends beyond your paycheck and your savings. Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. With low interest for borrowers with strong credit scores, fixed rates, and a variety of lending sources to choose from, it’s easy to see why personal loans are so enticing.

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Best Barcode Label Printers for Small Business

Nerd Wallet

The best barcode label printers make it easy to create and print codes that help you track your inventory. Thermal printers, which use heat to print, eliminate the need for ink and can print hundreds of labels per minute. Some barcode printers are also compatible with point-of-sale systems, so keep an eye out for your. Dalia Ramirez writes for NerdWallet.

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Ex TV Channel boss banned from being a Company Director

UK debt collections

A Plymouth based businessman has been banned from being a company director for eight years. This follows after his TV network went bust with unpaid debts totaling nearly two million pounds. The Insolvency Service gave Connor Johnson the lengthy disqualification following the liquidation of his TV Company, Rhino Television and Media Ltd in 2021. The Insolvency service said Mr Johnson had failed to ensure maintained, adequate accounting records from at least October 2015 through to its liquidation

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How to Get Cheaper Award Prices on United Flights

Nerd Wallet

United MileagePlus is a key loyalty program in the points and miles world, and it’s not just because United Airlines is one of the largest U.S. airlines. United is a transfer partner of Chase Ultimate Rewards®, Bilt Rewards and several hotel loyalty programs — making it easy to rack up United miles. Plus, United’s redemption. JT Genter 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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Top 5 Reasons Your Business Needs a Collection Agency

Taurus Collect

Almost every company, from small businesses to enterprise organisations, seeks partnerships with debt collecting agencies when their past-due account receivables begin to mount. While small businesses may not have adequate technology to conduct debt collection efficiently, larger organisations may find it too time-consuming to pursue debt collections.

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How to Score a Savings Account Bonus — and Know When to Skip It

Nerd Wallet

There are banks that want to give you more than $100 to open a new account. The catch? You might need to make a minimum deposit. Or receive a direct deposit. Or keep your money deposited for a certain time. Or all of the above. For some customers, the requirements are worth the effort. “I. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com.

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Explainable Machine Learning for Probability of Default Calculations

Fico Collections

In my last post I looked at using predictive machine learning models (specifically, a boosted ensemble like xGB Boost) to improve on Probability of Default (PD) scoring and thereby reduce RWAs. The results were quite impressive at determining default rate risk – a reduction of up to 20 percent. Default prediction like this would make any balance sheet owner happy – empowering lenders to more accurately predict which borrower presents a credit risk.

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Can Priceline Get Me a Good Deal?

Nerd Wallet

Is Priceline legit? This online travel agency is well known and joins plenty of others in promising good travel deals for flights, hotels, rental cars and more. But is this true? It can be. Let’s take a look at how Priceline works, whether it’s reliable and how it can save you money. » Learn more: Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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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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FinTech Barometer 2022

On Guard

Deciphering the data landscape: Financial insights from the 2022 FinTech Barometer. In 2022, data continues to be the lifeblood of businesses and some of us even dare to predict that smart workflows and seamless interactions among humans and machines will be as commonplace as the corporate balance sheet, with data being the driving force behind almost every single aspect of work.

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Hotel Guide: Hilton Moorea Lagoon Resort and Spa

Nerd Wallet

Hilton Honors points collectors are in luck when visiting French Polynesia, as there are several places to earn and redeem points. One of them is the beautiful Hilton Moorea Lagoon Resort and Spa — a favorite of those traveling beyond the famous island of Bora Bora. For many people, the best way to redeem their. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Five years of FinTech Barometer 2022

On Guard

Time flies! Another five years of FinTech Barometer. One thing is certain for technologies: five years is a long time in which a lot happens. A technology may have emerged and just as quickly died out again. Or, what first seemed like a questionable technology is now being used by many companies or new applications may have emerged that we didn’t think possible five years ago.

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Learn Your Parents’ Financial Plans ASAP

Nerd Wallet

My mom died at age 61, when I was 31. Seeing her headstone in a field of others smacked me with a brutal, if obvious fact: Everyone, including everyone’s parents, will die. I promise I’m not trying to depress you. I want to prepare you, as this loss can happen sooner than you’d expect. And. Laura McMullen writes for NerdWallet. Email: lmcmullen@nerdwallet.com.

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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!