Mon.Aug 29, 2022

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Daily Digest – August 29. Judge Sanctions Plaintiff’s Attorney; Conn. Regulator Revokes Agency’s License, Fines it $100k

Account Recovery

JUDGE SANCTIONS PLAINTIFF’S ATTORNEY FOR PROLONGING LITIGATION The attorney sought a “windfall” by engaging in conduct he later described as “petty.”The judge granted the defendant’s motion for attorneys’ fees and costs, ruling that the plaintiff’s attorney prolonged the case for “several months.” CONNECTICUT REGULATOR REVOKES LICENSE, FINES AGENCY $100K Not answering your mail is an … The post Daily Digest – August 29.

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Is Your Bank Greenwashing? Here’s How to Check

Nerd Wallet

Your bank plays a role in climate change through its lending and other actions. But is your bank making a positive environmental impact? It can be hard to know. Through their messaging, banks sometimes paint a greener picture of their impact on the climate than what their holdings or other factors indicate, a process known. Spencer Tierney writes for NerdWallet.

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Compliance Digest – August 29

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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Should You Ask for a Refund on Student Loan Payments?

Nerd Wallet

Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the opportunity to pay down their balances. Now that the White House has announced plans to cancel up to $20,000 in student loan debt, some of those borrowers may be wondering how to get. Cecilia Clark writes for 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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California AG Issues $1.2M Fine for CCPA Violation

Account Recovery

The Attorney General of California has fined a retailer $1.2 million to resolve allegations it violated the California Consumer Privacy Act, while also announcing that other businesses are being notified of not complying with the CCPA, specifically failing to process consumer opt-out requests made via user-enabled global privacy controls. A copy of the settlement in … The post California AG Issues $1.2M Fine for CCPA Violation appeared first on AccountsRecovery.net.

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Connecticut Regulator Revokes License, Fines Agency $100k

Account Recovery

The Connecticut Department of Banking has revoked the consumer collection agency license and imposed a fine of $100,000 on a collection agency for failing to provide information requested during an examination, which rendered the state unable to determine the financial responsibility and general fitness of the operation that it could operate soundly and efficiently.

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Smart Money Podcast: How to Manage Medical Debt

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode features a conversation with Emily Maloney, author of “Cost of Living” — essays about the cost of health care in this country. Personal finance Nerd Kim Palmer talks with Maloney about her own experience working in an ER as. Kimberly Palmer writes for NerdWallet.

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Judge Sanctions Plaintiff’s Attorney For Prolonging Litigation

Account Recovery

A District Court judge in Minnesota has called out a plaintiff’s attorney for engaging “in conduct designed to prolong this litigation and augment” a plaintiff’s recovery after an offer of judgment had been accepted, and limited the amount of attorney’s fees to be awarded to the plaintiff to what was incurred when the offer was … The post Judge Sanctions Plaintiff’s Attorney For Prolonging Litigation appeared first on AccountsRecovery.net.

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Crypto Tax Rates for 2022: How to Calculate What You Owe

Nerd Wallet

When you sell cryptocurrency, you are subject to the federal capital gains tax. This is the same tax you pay for the sale of other assets, including stocks. Capital gains taxes are a percentage of your gain, or profit. There is not a single percentage used; instead, the percentage is determined by two factors: How. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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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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President Biden Announces Student Loan Forgiveness

Fraser

On Wednesday, August 24, President Biden announced that the federal government will extend the current pause on monthly student loan payments, which means that borrowers will not have to resume making payments until at least January. President Biden also stated that the federal government plans to forgive up to $20,000 worth of student loan debt, for those who qualify.

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Forming an LLC in North Carolina: The Step-by-Step Guide

Nerd Wallet

With steady population growth, proximity to top colleges and universities, an affordable cost of living and a pleasant climate, North Carolina is one of the best places in the country to start a business. Therefore, if you’re looking to launch your business in this state, one of your first steps will be selecting a business. Priyanka Prakash writes for NerdWallet.

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Court Says Creditor Can Sue a Liquidating Trustee without Prior Permission

PBWT

A bankruptcy court ruled that a creditor didn’t need to seek derivative standing to sue a liquidating trustee. The creditor, himself a trustee of the debtor’s employee stock-option plan, had standing to sue without prior court permission because his suit wasn’t brought on behalf of the bankruptcy estate. In re Foods , Inc. , Case No. 14-02689, Adv.

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Delta Gold vs. Platinum: Which is Better for You?

Nerd Wallet

If you’re a Delta Air Lines fan, holding one of the airline’s affiliated credit cards can get you some sizable perks. This can include a waived checked bag fee, priority boarding and bonus SkyMiles when buying Delta flights. When it comes to choosing which card is better for you, however, the debate between the Delta. Ramsey Qubein 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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Third Circuit Adopts New “Reasonable Reader” Standard and Holds Reporting Consumers’ Pay Status as Past Due with $0 Balance after Transfer Did Not Violate the FCRA

Consumer Finance Watch

Diana M. Eng and Andrea M. Roberts ? In Bibbs v. TransUnion LLC, 2022 WL 3149216 (3d Circ. Aug. 8, 2022), the Third Circuit Court of Appeals (“Third Circuit”) affirmed the United States District Court for the District of Pennsylvania’s (“District Court”) … Continue reading → The post <strong>Third Circuit Adopts New “Reasonable Reader” Standard and Holds Reporting Consumers’ Pay Status as Past Due with $0 Balance after Transfer Did Not Violate the FCRA</strong> appear

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Medigap Plan F vs. Plan G: Which One Is Right for You?

Nerd Wallet

Medigap Plan F and Medigap Plan G are the two most comprehensive Medicare Supplement Insurance plans. Plan F offers the most coverage, but it’s not available to everyone. Plan G covers nearly as much as Plan F — and it’s available for any Medicare member. Because Plan F covers more than Plan G, it also. Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com.

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Eleventh Circuit Applies TransUnion and Vacates Class Certification

TCPA

The Eleventh Circuit recently decertified a TCPA settlement class because the class definition included members who could never have Article III standing under Eleventh Circuit precedent. Drazen v. Pinto, — F.4th –, No.

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6 Cheap Flights Within Europe to Book With Points

Nerd Wallet

If you’re planning to fly to Europe, hopefully, you aren’t planning to visit just one city. Europe is renowned for its rail network. But sometimes, a flight can get you where you want to go much cheaper and faster. And, by using points and miles, you can book these intra-Europe flights for a surprisingly reasonable. JT Genter writes for NerdWallet. Email: travel@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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CFS Webinar Series – Developments in Consumer Arbitration

Troutman Sanders

Wednesday, August 31 • 2:30 – 3:30 p.m. ET. Register Here. Arbitration agreements continue to be a pressing issue in consumer-facing agreements. The United States Supreme Court recently issued several important decisions impacting how consumer arbitration agreements will be interpreted and enforced by the courts, including in the important arena of Private Attorneys General Act (PAGA) actions.

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SBA Loan Calculator: Estimate Monthly Payments on 7(a), 504 Loans

Nerd Wallet

Government-backed SBA loans offer low interest rates and long repayment terms, which can make them a great way to fund your business. NerdWallet’s SBA loan calculator can help you estimate monthly bills and total payments on an SBA 7(a), Express or 504 loan to decide if one is a good fit. The best small-business loan. Rosalie Murphy writes for NerdWallet.

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