Wed.Jul 06, 2022

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Conn. Regulator Fines Company $10k For Operating Without License

Account Recovery

The Connecticut Department of Banking has levied a $10,000 fine against a company for operating as a consumer collection agency in the state without obtaining the proper license. A copy of the ruling in the matter against Lockhart, Morris & Montgomery can be accessed by clicking here. Last June, Lockhart, Morris & Montgomery applied for … The post Conn.

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What Is a Personal Guarantee in Bankruptcy?

Sawin & Shea

A common question we receive from those considering bankruptcy is how it impacts personal guarantees. Some situations in which someone may sign a personal guarantee before filing bankruptcy include assisting a friend or family member in receiving a loan, and a business owner may sign a personal guarantee in order to secure funds for their company. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee.

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Collector Accused of Violating Reg F, FDCPA by Failing to Include Opt-Out Message in Emails

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to … The post Collector Accused of Violating Reg F, FDCPA by Failing to Include Opt-Out Message in Emails appeared first on AccountsRecovery.net.

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ABI’s Industry Viewpoint Interview: Intellectual Property And Bankruptcy

In the Red

I recently had the honor of talking with the American Bankruptcy Institute’s Editor-at-Large Bill Rochelle about the intersection of intellectual property and bankruptcy, as part of ABI’s Industry Viewpoints video series. Bill and I discussed issues ranging from the U.S. Supreme Court’s Tempnology decision involving trademark licenses , to Section 365(n) of the Bankruptcy Code , to the very different issues posed when a licensee files bankruptcy and wants to assume or assign an

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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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21 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 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Judge Grants MSJ for Defendant in FDCPA Case Over Disputed Debt

Account Recovery

A District Court judge in Georgia has granted a defendant’s motion for summary judgment, ruling that it was entitled to the Fair Debt Collection Practices Act’s bona fide error defense after a plaintiff disputed a debt that was not marked as disputed on the plaintiff’s credit report. A copy of the ruling in the case … The post Judge Grants MSJ for Defendant in FDCPA Case Over Disputed Debt appeared first on AccountsRecovery.net.

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ABI’s Industry Viewpoint Interview: Intellectual Property And Bankruptcy

In the Red

. I recently had the honor of talking with the American Bankruptcy Institute’s Editor-at-Large Bill Rochelle about the intersection of intellectual property and bankruptcy, as part of ABI’s Industry Viewpoints video series. Bill and I discussed issues ranging from the U.S. Supreme Court’s Tempnology decision involving trademark licenses , to Section 365(n) of the Bankruptcy Code , to the very different issues posed when a licensee files bankruptcy and wants to assume or assign an inbound IP lic

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Daily Digest – July 6. Collector Accused of Violating FDCPA, Reg F; Judge Grants MSJ For Defendant Over Disputed Debt

Account Recovery

COLLECTOR ACCUSED OF VIOLATING FDCPA, REG F BY FAILING TO INCLUDE OPT-OUT MESSAGE IN EMAILS When a consumer tells a collector that he or she is not responsible for a debt, the collector usually has a process that seeks to get to the bottom of whether the consumer is telling the truth. But how far … The post Daily Digest – July 6. Collector Accused of Violating FDCPA, Reg F; Judge Grants MSJ For Defendant Over Disputed Debt appeared first on AccountsRecovery.net.

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CFPB Issues Advisory to Protect Privacy When Companies Compile Personal Data

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act.

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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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California Dealership Resolves Telemarketing Prerecorded Message TCPA Class for $2.5M

Troutman Sanders

In late June 2022, the U.S. District Court for the Central District of California gave final approval for a $2.5 million class-action settlement in Johnson v. Moss Brothers Auto Group to resolve claims brought against a motor vehicle dealer under the Telephone Consumer Protection Act (TCPA). The settlement resolves a class action, pending since 2019, before the Supreme Court’s landmark TCPA decision in Facebook v.

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Are 0% Interest Student Loans Better Than $10K Cancellation?

Nerd Wallet

Cancellation is the most popular proposal to address student loan debt, but it isn’t the only one out there. With the interest-free student loan payment pause in its third year, some wonder if 0% interest on student loans is a better answer. “I think this COVID pause has really illustrated — hopefully for policymakers but. Cecilia Clark writes for NerdWallet.

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Service Charge: Your Law Firm Isn’t a Bank, So Stop Acting Like It Is

NCBA Law Practice Management Blog

Law firms have traditionally extended credit to clients by billing in arrears. This is, in fact, the most common way for law firms using an hourly billing model to invoice their clients. That’s why you hear advice like: Make sure to get the most you possibly can upfront/Charge the most significant retainer you can. But, let’s be honest. That’s not a client-facing model.

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How Does Financing a Business Work?

Nerd Wallet

Business financing is money that helps you start, run or grow your business. You can get small-business financing by taking out a business loan or another kind of debt, like a business line of credit. You can also raise money from supporters or invest your own money. With debt-based financing, you’ll have to pay back. Rosalie Murphy 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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US Job Openings Slip, but Demand Remains Strong

NACM

Some signs are indicating that the U.S. economy is starting to cool off, though only slightly. Job openings fell for the second-consecutive month in May to 11.3 million, according the Bureau of Labor Statistics. However, demand for workers is still strong."There are nearly two job openings for every unemployed person, a sharp reversal from the hist.

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Medicare Supplement Open Enrollment: How to Sign Up or Switch Plans

Nerd Wallet

Medicare Supplement Insurance, or Medigap, is health insurance that covers “gaps” in Medicare Part A and Part B coverage. Although you use your Medigap policy with Original Medicare, Medigap has its own rules for when and how you can sign up. The Medigap open enrollment period is the easiest and least expensive opportunity to enroll. Alex Rosenberg writes for NerdWallet.

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Season 3: Episode 4: RBG, Justice Marshall and the Death Penalty (Part 1)

PBWT

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The Guide to Hilton Grand Vacations

Nerd Wallet

Hilton Grand Vacations is the Hilton-affiliated vacation home ownership brand that works like a timeshare program. It is designed so that travelers can lock in the price for hotel stays in various vacation destinations within the HGV network without worrying about fluctuating prices. Hilton Grand Vacations locations span the world and include almost 175 resorts.

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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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Blockchain Stocks: 6 Companies to Consider

Nerd Wallet

Blockchain technology is the fundamental innovation behind cryptocurrency, but its applications may go beyond the world of Bitcoin and its many competitors. Some of the largest companies in the world believe blockchain technology could be an important tool for carrying out transactions and exchanging information securely. And the stocks of those companies give investors a.

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Best Leveraged ETFs for July 2022

Nerd Wallet

Leveraged ETFs promise big rewards, but the risk may outweigh them. If you’re looking to include leveraged ETFs in your investment portfolio, it’s a good idea to approach them with caution. Best-performing leveraged ETFs Here are some of the best-performing leveraged equity ETFs. Note, as with any investment, those performing well today may not be. Alana Benson writes for NerdWallet.

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The Worst Hidden Travel Fees and How to Avoid Them

Nerd Wallet

With travel prices soaring, customers might be tempted to pick the cheapest base option they find. But the base price of airfare and hotels represents only a fraction of the total costs. A parade of add-on fees await any traveler trying to navigate the checkout process, ballooning the final price. Experts call it “drip pricing.”. Sam Kemmis writes for NerdWallet.

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A Guide to Alaska Flights to the Caribbean

Nerd Wallet

If it’s a Caribbean destination you’re after — beaches, mojitos, ocean views — you may be surprised to discover that Alaska Airlines offers flights to some warmer tropical climates, including the Caribbean. But before you start planning your tropical getaway, you may want to temper your expectations. While flights do exist, destinations are in short.

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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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The Surprising Reason Why Hotel Guests May Be Grumpier Than Ever

Nerd Wallet

In the 1990s and early 2000s, the “100% Satisfaction Guarantee” was all the rage among many hotels. The gist was simple: Encounter a problem and receive your money back. In theory, this approach addressed fairly serious issues such as early-morning pool renovations that made the jackhammer an unwelcome alarm clock. Bed bugs. No hot water. Sally French writes for NerdWallet.

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Best Credit Cards for Car Repairs

Nerd Wallet

When the auto mechanic gives you that dreaded grimace, you know to brace for a pricey car repair. Unfortunately, car maintenance isn’t cheap. In 2020, the average cost of vehicle maintenance and repairs per household was $825, according to the Bureau of Labor Statistic’s Consumer Expenditure Survey. It’s not starkly different from the previous, and.

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Using Life Insurance to Pay Off Debt

Nerd Wallet

Paying down debt can be financially draining and stressful and not something you’d want your loved ones to take on after you die. The good news is that debts are rarely inherited, so most likely, the people you care about won’t be left holding the bill. However, there are instances when an outstanding balance can. Georgia Rose writes for NerdWallet.

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