Wed.Mar 08, 2023

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Collection Law Firm Ordered to Pay Full Restitution After No Contest Plea

Account Recovery

The collection law firm in Michigan charged with conducting a criminal enterprise yesterday pleaded no contest to a charge of maintaining a criminal enterprise during a pretrial hearing and was sentenced to full restitution to the individuals who were improperly garnished and had not yet been repaid because three attorneys at the firm allegedly forged … The post Collection Law Firm Ordered to Pay Full Restitution After No Contest Plea first appeared on AccountsRecovery.net.

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January Rent Data: 64% of U.S. Cities Fail the Affordability Test

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article January Rent Data: 64% of U.S. Cities Fail the Affordability Test originally appeared on NerdWallet.

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Previewing Thursday’s House Hearing on Reforming the CFPB

Account Recovery

I have said it on numerous occasions that hearings before the House and Senate committees are little more than theater, especially when the director of the Consumer Financial Protection Bureau is in the house, but tomorrow, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy will talk about the CFPB without inviting anyone … The post Previewing Thursday’s House Hearing on Reforming the CFPB first appeared on AccountsRecovery.net.

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Credit or Debit Card For Kids: Which Is Best?

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article Credit or Debit Card For Kids: Which Is Best? originally appeared on 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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Student Loan Debt Repayment Platform Raises $20M

Account Recovery

Candidly, a platform that aims to help individuals pay off their student loans while saving and building wealth at the same time, yesterday announced it had raised $20.5 million in a Series B round of financing. The company says it partners with employers, retirement recordkeepers, and financial services companies to embed its gamification repayment and … The post Student Loan Debt Repayment Platform Raises $20M first appeared on AccountsRecovery.net.

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Daily Digest – March 8. Collection Law Firm Ordered to Pay Restitution; Previewing Tomorrow’s Hearing on Reforming the CFPB

Account Recovery

COLLECTION LAW FIRM ORDERED TO PAY FULL RESTITUTION AFTER NO CONTEST PLEA The collection law firm in Michigan charged with conducting a criminal enterprise yesterday pleaded no contest to a charge of maintaining a criminal enterprise during a pretrial hearing and was sentenced to full restitution to the individuals who were improperly garnished and had … The post Daily Digest – March 8.

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What Is the Worst Credit Score You Can Have?

Credit Corp

When it comes to credit reports, the worst credit score you can possibly have is 300, and the highest score you can have is 850. According to Experian, one of the three leading credit bureaus, the average credit score in the United States is 714. No matter where on the credit score meter you rate, it’s important to understand if potential lenders and creditors view your score as poor, fair, good, very good, or excellent.

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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. This is merely meant … The post 22 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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How Much Does the Average Family Have in Savings?

Credit Corp

The amount of money you should have in savings depends on your specific situation and on a variety of factors, such as your age. For example, a worker in their 20s who’s not married or has no children has very different financial needs than a worker in their 30s or 40s with a family and a house. Most financial experts agree that individuals should have at least 6 to 12 months of savings in their account to serve as a safety net in the event of an emergency.

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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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Can You Fly While Pregnant? Not Always

Nerd Wallet

Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article Can You Fly While Pregnant? Not Always originally appeared on NerdWallet.

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Free Credit Repair for Low-Income Individuals?

Credit Corp

Your credit history and scores can impact your entire life. Whether or not you can get a loan—and at what interest—often depends on your credit. Credit can also play a role in whether you can rent the apartment you want, get a credit card for use in daily life or enjoy a great deal on car insurance. Good credit improves your chances at these things, while bad credit decreases them.

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Ask a Travel Nerd: Where’s My Airbnb Loyalty Program?

Nerd Wallet

Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article Ask a Travel Nerd: Where’s My Airbnb Loyalty Program? originally appeared on NerdWallet.

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How Do CDs Work? Everything You Need to Know

Credit Corp

A certificate of deposit, often referred to as a CD, is a specialized savings account. Unlike standard savings accounts, CDs come with set terms, including specific interest rates and time frames. Once you put your money into a CD, you can’t withdraw these funds without facing penalties until the end of the term. You also can’t deposit additional funds.

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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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What Is CRM?

Nerd Wallet

Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article What Is CRM? originally appeared on NerdWallet.

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Does Not Paying Your Taxes Affect Your Credit?

Credit Corp

While federal or state tax debt doesn’t show up on your credit report, it can have an impact on your credit down the line. Find out more about how tax debt impacts your credit , including your ability to pay debts and get loans, below. In This Piece: Does the IRS Report to the Credit Bureaus? Consequences of Not Paying Your Taxes or Paying Them Late What to Do When You Can’t Pay Your Taxes on Time and in Full Do What’s Best for Your Finances Does the IRS Report to the Credit Bureaus?

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Contesting a Will: Who Can Do It, How it Works

Nerd Wallet

Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com. The article Contesting a Will: Who Can Do It, How it Works originally appeared on NerdWallet.

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California Publishes Notice of Second Modifications to Proposed Rulemaking Regulating Student Loan Servicing

Troutman Sanders

As reported here , on September 9, 2022, the California Department of Financial Protection and Innovation (CA DFPI) published a notice of rulemaking action, proposing amendments to the Student Loan Servicing Act. The proposed rules clarify that all education financing products, including income share agreements (ISAs) and installment contracts, are student loans, and servicers of all such products are covered by the Student Loan Servicing Act and must be licensed.

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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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Lessons on Letters of Credit

NACM

I'm back again with insights on FCIB's International Credit & Risk Management (ICRM) course. I just wrapped up module 7 on global payment mechanisms and started module 8 on letters of credit, guarantees and bonds.I learned that letters of credit (LCs) are one of the most versatile and secure payment instruments to use in international sales. Th.

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New Wyoming Bill Requires Licensure for Debt-Buyers

Troutman Sanders

On February 27, Wyoming Governor Mark Gordon signed into law House Bill 284 , which requires debt buyers be licensed as “collection agencies” starting July 1, 2023. The bill was introduced at the request of the Receivables Management Association International (RMAI) to address an emerging debate as to whether debt buyers should have been licensed in Wyoming under the existing definition of “collection agency,” despite the fact that the state licensing board has been issuing exemptions to debt bu