Tue.Jan 03, 2023

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Compliance Digest – January 3

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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4 proven ways to make debt collections easier for your business

American Profit Recovery

Just about every business we encounter wants to make the process of getting paid on time much easier. Getting late-paying customers to the table and small business debt collections can become an area where many organizations just do not have the available resources. Take, for example, the lawn care company that works from sunrise to sunset and deals with a labor shortage.

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Judge Grants MTD in FDCPA Class Action Over ID Theft Disclosure in Letter

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss on the grounds the plaintiff lacked standing to file a class-action lawsuit accusing the defendant of violating the Fair Debt Collection Practices Act in relation to an identity theft disclosure that was made in a collection letter. A copy of the … The post Judge Grants MTD in FDCPA Class Action Over ID Theft Disclosure in Letter first appeared on AccountsRecovery.net.

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CFPB and New York Attorney General Sue Credit Acceptance for Hiding Auto Loan Costs, Setting Borrowers Up to Fail

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) and the New York State Office of the Attorney General sued a predatory auto lender, Credit Acceptance Corporation, for misrepresenting the cost of credit and tricking its customers into high-cost loans on used cars.

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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 – January 3. Judge Grants MTD in FDCPA Class Action Over ID Theft Disclosure in Letter; The Words That Defined the ARM Industry in 2022

Account Recovery

JUDGE GRANTS MTD IN FDCPA CLASS ACTION OVER ID THEFT DISCLOSURE IN LETTER A District Court judge in New Jersey has granted a defendant’s motion to dismiss on the grounds the plaintiff lacked standing to file a class-action lawsuit accusing the defendant of violating the Fair Debt Collection Practices Act in relation to an identity … The post Daily Digest – January 3.

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FCC Affirms 3-Call Limit to Landlines, Amends Consent Requirements to Make More Calls

Account Recovery

The Federal Communications Commission has issued a declaratory ruling in response to pair of requests — including one made by ACA International — related to a 2020 order implementing portions of the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, affirming a three-call-limit for calls made using automated telephone dialing systems to residential … The post FCC Affirms 3-Call Limit to Landlines, Amends Consent Requirements to Make More Ca

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2023 Is Here — And Big Questions on Student Debt Still Loom

Nerd Wallet

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article 2023 Is Here — And Big Questions on Student Debt Still Loom originally appeared on NerdWallet.

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The Words That Defined the ARM Industry in 2022

Account Recovery

Asking people to take 365 days and summarize them into one word is no easy feat. There was a lot that happened in the industry this year, and depending on where you sit or stand, synthesizing a year’s worth of ups and downs into one word is a lot harder than it looks. Which is … The post The Words That Defined the ARM Industry in 2022 first appeared on AccountsRecovery.net.

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Financial Actions Speak Louder Than Resolutions

Nerd Wallet

Tommy Tindall writes for NerdWallet. Email: ttindall@nerdwallet.com. The article Financial Actions Speak Louder Than Resolutions originally appeared on NerdWallet.

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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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Limited Company struggling with Debts? What are the options

UK debt collections

What are the options if a limited company is struggling with debts? While it can be be tempting to ignore a mounting unpaid debt problem in a Limited Company, it is the worst thing a business owner can do. If a business is a limited company, there are many avenues open to the Business owners to resolve debt-related problems. So, where does someone start?

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Asiana vs. Korean Air: Which Is Best?

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article Asiana vs. Korean Air: Which Is Best? originally appeared on NerdWallet.

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La CFPB y el Fiscal General de New York demandan a Credit Acceptance por Ocultar los Costos de Préstamos Automotrices para Condenar a los Prestatarios al Fracaso

Consumer Finance

La CFPB y la Fiscal General de NY demandan a Credit Acceptance por ocultar el costo del crédito y engañar a sus clientes con préstamos de altos costos.

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8 Things to Know About Alaska Status Match

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article 8 Things to Know About Alaska Status Match originally appeared on 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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What Do Contractors Need to Know About Employee Duty of Loyalty and Ability to Compete

Jimerson Firm

We have seen a trend in the construction industry toward contractors requiring their employees to sign non-compete agreements. It has become fairly common practice. But what if your employees are not restricted by signed non-compete agreements? Do you have any rights to stop them from competing or taking your customers or other employees? The answer is “some, but limited” and those rights are explained below. .

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FCC Acts on Pending Reconsideration Petitions of its 2020 TCPA Exemptions Order

TCPA

The Telephone Consumer Protection Act of 1991 (TCPA) restricts many types of calls to residential and wireless telephone numbers if they are made without the prior express consent of the called party or a statutory exemption applies, but the statute … Continue reading →

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On January 2, the Consumer Financial Protection Bureau (CFPB) released an annual report that details improvements and deficiencies in the nationwide consumer reporting agencies’ responses to consumer complaints transmitted by the CFPB.

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COVID Surge in China Dampens Economic Growth

NACM

Despite the potential for growth in 2023, the road to recovery for China's economy won't be a straight path. China lifted many restrictions under its zero-COVID after roughly three years—resulting in a surge of cases across the country. Strict COVID lockdowns dampened economic growth and hurt global supply chains, but now the surge in infections is.

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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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Agile Collections Strategies Can Protect Loyalty in Tough Times

Fico Collections

Home. Blog. FICO. Agile Collections Strategies Can Protect Loyalty in Tough Times. As economic victims swell the collections queue, do you have the tools you need to differentiate them and apply the correct treatments to different cohorts? FICO Admin. Tue, 07/02/2019 - 02:45. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top. Wed, 12/28/2022 - 10:15.