Mon.Jun 27, 2022

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Judge Grants MSJ for Defendant in FDCPA Case Over Email Sent to Represented Plaintiff

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that emails sent to the plaintiff by the defendant did not violate the statute. The case presents an interesting twist on standing to sue under the FDCPA and communicating with consumers via … The post Judge Grants MSJ for Defendant in FDCPA Case Over Email Sent to Represented Plaintiff appeared first on AccountsRecovery.net.

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ARMs Are Trending, but They’re Not the Hack for Every Home Buyer

Nerd Wallet

Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple today with skyrocketing prices and interest rates, ARMs are making a comeback. And that’s totally not a bad thing. ARMs are appealing because they start. Holden Lewis writes for NerdWallet.

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Daily Digest – June 27. Complaint Alleges Debt Parking Violation; Judge Grants MSJ For Defense in FDCPA Email Case

Account Recovery

COMPLAINT ALLEGES COLLECTOR VIOLATED REG F’S DEBT PARKING PROHIBITION A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November. JUDGE … The post Daily Digest – June 27.

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How to Approach Buying Home Insurance for the First Time

Nerd Wallet

Buying your first home is an exciting yet daunting process. There are many steps to take before the keys are finally in your hands, and purchasing homeowners insurance is one of them. Here’s what you need to know to feel confident with your chosen policy. What home insurance is — and isn’t Homeowners insurance, sometimes. Ben Moore writes for 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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Complaint Alleges Collector Violated Reg F’s Debt Parking Prohibition

Account Recovery

A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November. A copy of the complaint in the case of Brown … The post Complaint Alleges Collector Violated Reg F’s Debt Parking Prohibition appeared first on AccountsRecovery.net.

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Chatbot Usage Growing in Financial Services

Account Recovery

We are less than a decade away from humans being unable to determine whether they are speaking with a human or a bot during webchat sessions, according to a published report. Chatbots are becoming a more common component of customer service offerings in the financial services industry, and offer companies in the accounts receivable management … The post Chatbot Usage Growing in Financial Services appeared first on AccountsRecovery.net.

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How to Get a Business Loan as an H-1B Visa Holder

Nerd Wallet

An H-1B visa holder may find it difficult to start a business as well as obtain the funding they need. When pursuing a business opportunity, visa holders must be careful to follow the regulations that apply to the visa program in order to not compromise their H-1B status. In addition, when a lender is considering. Lisa Anthony writes for NerdWallet.

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Recovery Decision Science Acquires the Assets of Geist Holdings

Account Recovery

CINCINNATI, Ohio – Recovery Decision Science, LLC (RDS) has acquired the assets and technology of Geist Holdings, Inc. (Geist), a skiptrace processing organization that applied proprietary data mining and quantitative analytics to provide unparalleled service finding account holder places of employment. This acquisition improves and complements the services that RDS already offered by providing additional … The post Recovery Decision Science Acquires the Assets of Geist Holdings app

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Pets Best Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, accident-only, wellness. Breadth of coverage: Good.Range of plan options: Excellent.Can pay your vet directly: Yes. The bottom line: One of the most customizable pet insurance plans in the industry. How we review pet insurance Our writers and editors follow strict editorial guidelines that ensure fairness and accuracy in order to.

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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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Compliance Digest – June 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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CFPB Affirms Ability for States to Police Credit Reporting Markets

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws.

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What Is Overhead? What Small Businesses Need to Know

Nerd Wallet

Overhead is a term used to describe business expenses that aren’t directly linked to creating a product, service or any other activity that contributes to a company’s income. While some business overhead is unavoidable, reducing these indirect expenses will help widen your profit margin. Every business incurs some overhead expense, although some businesses (for example, Roberta Pescow writes for NerdWallet.

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Dear Debt, We’re Better Apart

Dear Debt

Hey debt fighters! It’s been a while but we’re back! If you’d like to write a dear debt letter, get in touch with me. Today’s dear debt letter is from… Related Posts: Dear Debt, This Won't Last. Blog. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. 6 Clever Money-Saving Hacks to Reach Your Financial Goals.

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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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Does Car Insurance Cover the Car or the Driver?

Nerd Wallet

Borrowing another person’s car may not seem like a big deal. But if you get into an accident, someone’s auto insurance rates are likely to rise. The question is, will it be their rates or yours? » MORE: Compare car insurance Does car insurance follow the car or the driver? In general, car insurance follows. Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com.

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Council vows to step up Debt Recovery efforts

UK debt collections

Debt recovery efforts at Dorset Council are returning to normal following two years of a ‘light touch’ approach due to the pandemic. Dorset Council Executive director for finance Aidan Dunn told councillors that one of the areas of concern remained debts to the authority although officers were being mindful of the pressures many residents were now under because of the rapidly rising cost of living increases.

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What Is a 5-Year Adjustable-Rate Mortgage?

Nerd Wallet

With a 5-year adjustable-rate mortgage, you’ll get an introductory rate for the first five years you have the mortgage. These are sometimes referred to as “teaser” rates because they can be significantly lower than prevailing rates on fixed-rate mortgages. However, after that period’s over, your interest rate will change every six months. Many homeowners will.

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Deputy Director Zixta Martinez’s Prepared Remarks at the FDIC Meeting of the Advisory Committee on Economic Inclusion

Consumer Finance

Deputy Director Martinez delivered opening remarks during the FDIC’s ComE-IN meeting on June 28, 2022.

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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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Become a Lyft Driver: Requirements, Earnings and More

Nerd Wallet

To drive with Lyft, you must first determine if you, your vehicle and your current insurance coverage meet the company’s requirements. The exact requirements may vary from state to state. Nevertheless, we’ll explore more about becoming a Lyft driver below and look at how to make money behind the wheel. Lyft driver requirements Although requirements.

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Build Winning Customer Experiences Without Tanking Efficiency

Fico Collections

Home. Blog. FICO. Build Winning Customer Experiences Without Tanking Efficiency. Consumers spent hundreds of thousands, even millions, on banking and insurance products over the course of their lifetimes. How can you get them to spent it with you? FICO. Tue, 07/02/2019 - 02:45. by Bill Waid. expand_less Back To Top. Mon, 06/27/2022 - 16:00. Banking and insurance companies have a customer experience problem: despite spending hundreds of millions of dollars trying to optimize their clients’ custom

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Figo Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, wellness. Breadth of coverage: Excellent.Range of plan options: Excellent.Can pay your vet directly: No. The bottom line: Figo is a great choice for pet owners who want extensive coverage, a variety of deductibles to choose from and generous reimbursement options. How we review pet insurance Our writers and editors follow.

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FTC Proposed Ground-Breaking Federal Regulation of Motor Vehicle Dealer Sales Practices

Troutman Sanders

The Federal Trade Commission (FTC) has proposed a new and historic federal regulation specific to car dealers to address concerns of consumer deception in the sales process. On June 24, the FTC released a proposed Motor Vehicle Trade Regulation Rule (Rule), which would: Require price advertising to be based on a standard formula for presenting the “Offering Price” for a vehicle; Require new paperwork in the sales process to confirm that any optional “add-on” products included in a sale are volun

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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!

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Smart Money Podcast: Small-Business Inflation, and Sign-Up Bonuses

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion with NerdWallet data writer Liz Renter about the impact of inflation on small-business owners. Then we pivot to this week’s money question from Xeaiver, who texted us this message: “Hey Nerds. I have a question. Liz Weston, CFP® writes for NerdWallet.

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Bridging the Gap Between Machine Learning and Human Behavior with HeartBeat

True Accord

When it comes to engaging consumers in debt collection, behavioral science helps us to understand and respond to an individual’s situation, motivations, and contact preferences. For example, we know that consumers don’t like being called by debt collectors. With that knowledge, behavioral science then helps us determine the optimal way to meet consumers where they are, contact them when they want by using their preferred channels, and lastly sending a message that resonates with them enoug

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Can You Have 2 Chase Freedom Credit Cards?

Nerd Wallet

Chase organizes its credit cards into different “families” based on what the card offers. Travel and dining cards are branded with a Sapphire name. Small business cards are Ink-branded. And Chase’s cashback-focused credit cards are branded as Chase Freedom credit cards. Chase currently offers three types of Chase Freedom credit cards to new cardholders: Chase.

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FICO® Resilience Index Can Improve Card Account Management

Fico Collections

Home. Blog. FICO. FICO® Resilience Index Can Improve Card Account Management. Pandemic Period Results Demonstrate Value of Borrower FICO ® Resilience Index Insights. by Brendan LaCounte. expand_less Back To Top. Mon, 06/27/2022 - 15:00. In the early months of the COVID-19 pandemic, FICO found that the FICO® Resilience Index was a strong predictor of the likelihood that a consumer would receive a loan accommodation (payment deferral, forbearance, etc.) following implementation of the CARES Act.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?