Wed.May 29, 2024

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Haag Family Marks State’s 75th Anniversary with Significant Gift

Account Recovery

(MADISON, Wis., May 29, 2024) – Marking the significant milestone of State Collection Service’s 75th Anniversary, the Haag family has contributed $75,000 to The River Food Pantry’s Recipe for Hope campaign. This campaign aims to raise funds for a new 32,500-square-foot facility and expanded food and meal programs.

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CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

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Judge Grants MSJ For Defendant in Class-Action Over Dispute

Account Recovery

A District Court judge in Florida has granted a defendant’s motion for summary judgment in a class-action lawsuit involving alleged violations of the Fair Debt Collection Practices Act and the Florida Consumer Collection Protection Act.

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Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

Consumer Finance

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

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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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Daily Digest – May 29. Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism; Judge Grants MSJ For Defendant in Class-Action Over Dispute

Account Recovery

Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism Judge Grants MSJ For Defendant in Class-Action Over Dispute Kansas Hospital Draws Attention Over Spike in Collection Lawsuits 22 Companies Seeking Collection Talent WORTH NOTING: Have someone in your life who is always traveling?

Law Firms 147

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22 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.

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States with The Biggest Debt Burdens

The Kaplan Group

A new study shows that search interest for “debt relief” on Google Trends has remained consistently high throughout the past year, highlighting a national concern about managing financial obligations. This study identifies the states facing the most significant challenges and those with a potentially healthier financial landscape. Key Takeaways Search interest for “debt relief” on Google remained high throughout the past year, indicating a persistent concern about debt burdens.

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Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism

Account Recovery

The Supreme Court yesterday denied a petition from a defunct collection law firm fighting a Civil Investigative Demand from the Consumer Financial Protection Bureau, deciding that one challenge to the Bureau’s funding structure was enough for now.

Law Firms 130
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CPE Program – Alternative Dispute Resolution (ADR) Clauses in Engagement Letters

FFGN COLLECT NY

Earn up to 1 CPE Credit* Program Description: Alternative Dispute Resolution (ADR) clauses in Engagement Letters: The ADR process, costs, fees, and financial impact when collecting accounting fees. Learning Objective: Participants will gain an understanding of the financial implications of Dispute Resolution (ADR) clauses in Engagement Letters and it’s impact on collection of firm receivables.

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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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Kansas Hospital Draws Attention Over Spike in Collection Lawsuits

Account Recovery

The Wall Street Journal is using a rural hospital in Kansas that has started filing more collection lawsuits — largely due to a backlog caused by the COVID-19 pandemic — to spotlight the medical debt problem in the United States and how it is impacting hospitals and patients with medical debt.

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5 Ways to Transform Your Financial Strategy with QUALCO Data-Driven Decision Engine

Qualco

Data per meat es every aspect of financial operations in the modern financial sector , from customer transactions to credit records. This presents challenges and opportunities for financial institutions , who must navigate the data-rich environment to maintain their competitive advantage in the market. Analytics has emerged as a critical tool for the industry , enabling key players to extract valuable insights from the da ta at their disposal.

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in April 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Prospective Client Conflicts Can Cost You Business Avoid Conflicts – April 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Member Spotlight: Emerging Leader Award

NACM

In every industry, exceptional leaders offer direction, inspiration and guidance, serving as the cornerstone of organizational progress and growth. But leadership goes beyond leading from the front—it fosters new voices, fresh perspectives and untapped potential.That's why NACM actively seeks future credit leaders who will shape the direction of th.

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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.