Mon.Mar 27, 2023

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Bill Introduced in House to Amend FDCPA, FCRA With Respect to Medical Debts

Account Recovery

Overshadowed by the Appeals Court ruling on the CFPB’s funding structure and the enforcement action against Portfolio Recovery Associates late last week was the introduction of a bill in the House of Representatives that aims to amend the Fair Debt Collection Practices Act to institute a two-year prohibition on the collection of medical debt and … The post Bill Introduced in House to Amend FDCPA, FCRA With Respect to Medical Debts first appeared on AccountsRecovery.net.

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July Launch Announced for the Federal Reserve’s FedNow Nationwide Payment System

Troutman Sanders

The Federal Reserve issued a press release announcing its plans for a July debut of FedNow , its service “to facilitate nationwide reach of instant payment services by financial institutions.” As previously discussed here , the FedNow service will provide individuals and businesses the ability to send and receive instant payments through the Federal Reserve’s Fedline® network at any time of day seven days a week.

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Appeals Court Affirms MSJ for Defendant in FDCPA Case Because Debt Was Not in Default

Account Recovery

The Court of Appeals for the Sixth Circuit has, for the second time, ruled in favor of a defendant sued for allegedly violating the Fair Debt Collection Practices Act, this time determining that the defendant did not meet the statute’s definition of “debt collector” because the debts were not in default while attempts to collect … The post Appeals Court Affirms MSJ for Defendant in FDCPA Case Because Debt Was Not in Default first appeared on AccountsRecovery.net.

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CFPB Issues Determination that State Disclosure Laws on Business Lending are Consistent with the Truth in Lending Act

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) announced it has determined that state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.

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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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Appeals Court Affirms $50k Anti-SLAPP Attorney Fee Award for Collector

Account Recovery

A California appeals court has upheld the attorney fees award of nearly $50,000 granted to a debt collector that was accused of interfering in the attorney-client relationship between the plaintiff and a client it represented in a collection lawsuit the defendant filed against the client, after the defendant filed an anti-SLAPP motion. A copy of … The post Appeals Court Affirms $50k Anti-SLAPP Attorney Fee Award for Collector first appeared on AccountsRecovery.net.

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Compliance Digest – March 27

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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Why You Might Want Flood Insurance — Even if It’s Not Required

Nerd Wallet

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com. The article Why You Might Want Flood Insurance — Even if It’s Not Required originally appeared on NerdWallet.

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Daily Digest – March 27. Appeals Court Affirms MSJ for Defendant; Bill Introduced to Amend FDCPA, FCRA

Account Recovery

APPEALS COURT AFFIRMS MSJ FOR DEFENDANT IN FDCPA CASE BECAUSE DEBT WAS NOT IN DEFAULT The Court of Appeals for the Sixth Circuit has, for the second time, ruled in favor of a defendant sued for allegedly violating the Fair Debt Collection Practices Act, this time determining that the defendant did not meet the statute’s … The post Daily Digest – March 27.

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9 Free or Cheap Things to Do at Disney World Outside the Theme Parks

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article 9 Free or Cheap Things to Do at Disney World Outside the Theme Parks 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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HMRC hiring Private Debt Collection firms to collect overpayments

UK debt collections

Private Debt Collection firms being hired The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants. Debt Collectors are being hired to chase overpayments from universal credit claimants. The government wants to reclaim the money , some of which goes back ten years. According to a Sky News report, the government is cutting benefits to over one million people already struggling with rising living costs.

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How to Plan for Monthly Car Costs

Nerd Wallet

Andrew Marder writes for NerdWallet. Email: amarder@nerdwallet.com. The article How to Plan for Monthly Car Costs originally appeared on NerdWallet.

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Is your debtor using you as ‘creditor financing’? Stop it now.

Collections Law

When you have a commercial debtor who won’t pay but stays in business, they’re using your money to stay afloat. We called this “creditor financing.” Worse, they may be using your money to buy materials from your competitors. This is a battle for control of the money. Your debtor claims they cannot pay (“CANOPS”), but they’re still in operation. It’s more likely they will not pay (“WILLNOPS”).

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Florida Power of Attorney: Guide and Requirements

Nerd Wallet

Roberta Pescow writes for NerdWallet. Email: rpescow@nerdwallet.com. The article Florida Power of Attorney: Guide and Requirements 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 is a Pro Forma Invoice? A Comprehensive Guide to Pro Forma

Payment Savvy

Pro forma, or proforma, is a term you often hear in a business environment, but many people have yet to learn what it means. If you’re in the corporate world, you should know about these documents. Pro forma financial statements and invoices are an integral part of modern business. In this article, we’ll do a brief overview of the following: What does pro forma mean?

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7 Best-Performing Utility Stocks of March 2023

Nerd Wallet

Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com. The article 7 Best-Performing Utility Stocks of March 2023 originally appeared on NerdWallet.

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Debt Collection Techniques in Australia: What Works and What Doesn’t

JMA

Debt collection is an important aspect of financial management for businesses and individuals. It involves pursuing unpaid debts and overdue payments from customers or clients. While debt collection can be a challenging and complex process, effective techniques can help businesses recover their debts and maintain their cash flow. In Australia, debt collection is regulated by.

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First Citizens Purchases Failed Silicon Valley Bank

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article First Citizens Purchases Failed Silicon Valley Bank originally appeared on NerdWallet.

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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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Debt Collection for Small Businesses in Australia: Challenges and Solutions

JMA

Small businesses in Australia are the backbone of the economy, accounting for over 97% of all businesses in the country. However, they often face numerous challenges when it comes to collecting debts owed to them. Debt collection is a vital process for businesses to maintain cash flow and sustain growth, but it can be a. Read more » The post Debt Collection for Small Businesses in Australia: Challenges and Solutions appeared first on JMA Credit Control.

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Do You Need a Passport for a Caribbean Cruise?

Nerd Wallet

Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article Do You Need a Passport for a Caribbean Cruise? originally appeared on NerdWallet.

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How Doing the Bare Minimum With Debt Is Costing You

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How Doing the Bare Minimum With Debt Is Costing You originally appeared on NerdWallet.

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Smart Money: Is Banking Stable, and Traditional vs. Online Banks

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Smart Money: Is Banking Stable, and Traditional vs.

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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!