Wed.Apr 05, 2023

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Medical Debt Collection Bill Introduced in Delaware

Account Recovery

A medical debt collection bill has been introduced in the Delaware legislature that has support from both sides of the aisle and a large number of co-sponsors, giving it some momentum to become law. Like many of the other medical collection bills being considered in state legislatures across the country, this piece of legislation would … The post Medical Debt Collection Bill Introduced in Delaware first appeared on AccountsRecovery.net.

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Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

It’s tax season again, which can mean tax refunds for consumers that have historically been leveraged to stabilize finances or pay down debt. But with inflation and economic stressors persisting into the new year, many consumers are conflicted on their financial outlook and spending behavior is hard to predict. With uncertainties about how the end of various pandemic-era benefits will impact consumers, it’s more important than ever for creditors and collectors to implement strategies that consid

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Judge Orders Defendant in FDCPA Case to Comply with Subpoenas

Account Recovery

One of the downfalls of writing these posts very early in the morning while not being a lawyer is that there are times where I have to make decisions about things that appear interesting, but may not be because I’m not a lawyer. I’m saying this because in case this isn’t interesting to anyone else … The post Judge Orders Defendant in FDCPA Case to Comply with Subpoenas first appeared on AccountsRecovery.net.

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Council forced to write off £7.2m of uncollected debt

UK debt collections

Newham Council has been forced to write off over £7.2million in Penalty Charge Notice (PCN) debt this week as bailiffs have been unable to trace drivers due to them moving elsewhere or no longer living at their address. Since 2021, the council has written off a total of £55.64m relating to parking debt between 2014/15 and 2021/22. Speaking at Tuesday’s cabinet meeting (April 4), deputy mayor and cabinet member for environment and sustainable transport, James Asser said: “We started t

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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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Legislation Introduced in House, Senate to Allow CFPB to Compensate Whistleblowers

Account Recovery

Bills have been introduced in the House of Representatives and the Senate aimed at providing financial compensation to individuals who report wrongdoing to the Consumer Financial Protection Bureau about issues at companies in the financial services industry. S. 1124 was introduced last week by Sen. Catherine Cortez Masto [D-Nev.] and H.R. 2465 was introduced by … The post Legislation Introduced in House, Senate to Allow CFPB to Compensate Whistleblowers first appeared on AccountsRecovery.n

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Daily Digest – April 5. Medical Debt Collection Bill Introduced in Delaware; Judge Orders Defendant in FDCPA Case to Comply with Subpoena

Account Recovery

MEDICAL DEBT COLLECTION BILL INTRODUCED IN DELAWARE A medical debt collection bill has been introduced in the Delaware legislature that has support from both sides of the aisle and a large number of co-sponsors, giving it some momentum to become law. Like many of the other medical collection bills being considered in state legislatures across … The post Daily Digest – April 5.

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Credit Acceptance and National Trade Associations Challenge the CFPB and NY AG’s Attempt to Disregard TILA and Regulate the Indirect Auto Finance Industry Through Litigation

Troutman Sanders

On January 4, the Consumer Financial Protection Bureau (CFPB) and New York Attorney General (NY AG) filed a joint complaint in the U.S. District Court for the Southern District of New York against Credit Acceptance Corporation (Credit Acceptance), a major subprime indirect auto finance company. On March 14, Credit Acceptance filed a motion to dismiss the complaint, and on March 21, Troutman Pepper filed an amicus curiae brief in support of Credit Acceptance on behalf of the American Financial Se

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24 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 24 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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At the Home Stretch of ICRM

NACM

This is my last week of FCIB's International & Credit Risk Management (ICRM) course. Not only am I working on finishing the last chapter of the course (Compliance and Legal), but I'm also expected to complete the course evaluation before starting the final exam.In preparation for the exam, I've attended the final review session, studied the pre.

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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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5 Ways to Save for Retirement Besides a 401K

Credit Corp

Saving for retirement is an extremely important step for protecting your financial future. In fact, the earlier you can start saving for retirement, the better. Perhaps you have a 401(k) set up through your employer. This can be a great first step, especially if your employer offers matching funds. However, it’s not the only option you have for retirement savings.

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