Wed.Aug 17, 2022

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Collection Law Firm Not Subject to State Lending Law, Maryland Appeals Court Rules

Account Recovery

A Maryland Appeals Court has issued a ruling in a case being heard in federal court, determining that law firms engaged in debt collection activities on behalf of a client are not subject to the Maryland Consumer Loan Law. A copy of the ruling, in the case of Nagle & Zaller v. Delegall can be … The post Collection Law Firm Not Subject to State Lending Law, Maryland Appeals Court Rules appeared first on AccountsRecovery.net.

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Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices

Nerd Wallet

Rising prices (i.e., inflation) are everywhere you look — on the news, at the pump and in the grocery store. We notice these changes when we reach for our wallets, but it’s difficult to grasp what an extra dollar here or several dollars there mean over the course of several weeks, months or an entire. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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Appeals Court Affirms Rulings for Defendant in FCRA Cases

Account Recovery

The Court of Appeals for the Eighth Circuit has affirmed lower court rulings for the defendants in a pair of Fair Credit Reporting Act cases, ruling that injuries allegedly suffered by the plaintiffs because of issues related to bankruptcy notations on their credit reports were not sufficient to confer standing or create a genuine fact … The post Appeals Court Affirms Rulings for Defendant in FCRA Cases appeared first on AccountsRecovery.net.

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Can I Hire Multiple Collection Agencies at One Time?

Nexa Collect

You can legally hire more than one collection agency at a time, provided you do not assign the same account to multiple collection agencies. If one debtor starts getting contacted by different agencies, you can be sued for harassment. . However, hiring more than one collection agency will be very hard to manage. Keeping track of which accounts have been assigned to Collection Agency “A” and others to Collection Agency “B” is always confusing.

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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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22 Companies Looking to Hire 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 Looking to Hire Collection Talent appeared first on AccountsRecovery.net.

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Daily Digest – August 17. Appeals Court Affirms Ruling for Defendants in FCRA Cases; Ed. Dept. Cancels $4B of Loans

Account Recovery

APPEALS COURT AFFIRMS RULINGS FOR DEFENDANTS IN FCRA CASES The Court of Appeals for the Eighth Circuit has affirmed lower court rulings for the defendants in a pair of Fair Credit Reporting Act cases, ruling that injuries allegedly suffered by the plaintiffs because of issues related to bankruptcy notations on their credit reports were not … The post Daily Digest – August 17.

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Best Life Insurance for Children: 5 Policies That Cover Kids in August 2022

Nerd Wallet

As a parent, grandparent or legal guardian, buying life insurance for children is one way to guarantee coverage for them later in life. Our list of the best life insurance for kids includes companies that offer standalone life insurance policies for children — not riders, which tend to expire when the child becomes an adult. Katia Iervasi writes for NerdWallet.

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Ed. Dept. Discharges All Remaining Loans for ITT Tech Students

Account Recovery

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9 billion on those outstanding debts. At the same time, the … The post Ed.

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Buying a New Car? Prepare for Over $10K in Yearly Ownership Costs

Nerd Wallet

The annual cost of owning and operating a new car ballooned nearly 11% in the past year to $10,728 — or $894 per month — according to AAA’s Your Driving Costs study. That represents a considerable hike from 2021, when it cost an estimated $9,666, or $805 per month, to own a new car. Costs. Cara Smith writes for NerdWallet. Email: cara.smith@nerdwallet.com.

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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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Top Reasons to Outsource Debt Collection

Taurus Collect

Recovering debts can be arduous, time-consuming, inefficient, and expensive if you lack the proper knowledge and expertise. This is one of the significant reasons why top companies are constantly hiring debt collection agencies to help them conduct hassle-free debt collection. Some companies often refrain from chasing payments from clients due to the fear of disrupting their relationships with them.

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What You Should Bring to Your Next Airbnb to Make It Livable

Nerd Wallet

Short-term vacation rentals such as Airbnb and Vrbo offer much that hotels can’t, such as authenticity and uniqueness. Yet these benefits come with some major downsides. Unpredictability and hit-or-miss property management means that travelers never know what to expect before walking in the door. According to a survey commissioned by Airbnb in 2019, “functionality” (such.

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Ways Effective Collections Process Improves Your Cash Flow

Taurus Collect

Expanding your business is an expensive endeavor, demanding excessive planning and resources. Every company seeks opportunities to scale its business by increasing profitability or boosting revenue. However, one of the significant ways to ensure phenomenal business growth is by maintaining a healthy cash flow. Cash-in-hand is a critical resource that equips you to sponsor growth-oriented initiatives.

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How Much Does a Vasectomy Cost?

Nerd Wallet

A vasectomy is a safe, minor surgical procedure and form of birth control that has a nearly 100% success rate. It’s estimated that 500,000 people get vasectomies in the U.S. each year, according to a 2018 article in the journal Urology. On average, a vasectomy costs around $1,000, according to Planned Parenthood and Medicare. Of. Cara Smith writes for 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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CFPB Turns Its Attention to Data Security

Troutman Sanders

On August 11, the Consumer Financial Protection Bureau (CFPB) published a circular, answering the question “Can entities violate the prohibition on unfair acts or practices in the Consumer Financial Protection Act (CFPA) when they have insufficient data protection or information security?” with a resounding “yes.” Specifically, the CFPB pointed to three practices — inadequate authorization, poor password management, and lax software update policies — as examples of data security practices that w

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Flight Deals Still Exist: 4 Ways to Find Them

Nerd Wallet

Gone are the days of jaw-droppingly low prices on plane tickets. In fact, according to the Bureau of Labor Statistics, airfare has jumped 27.7% in the past year. Although you may not find pandemic flight deals, there are still ways to get a good deal on your tickets. Here are a few methods you can. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Frank, Frank, Goldstein And Nager Once Again Named One Of Inc. 5000’S Top Private Companies

FFGN COLLECT NY

Frank, Frank Goldstein & Nager is proud to announce that it has once again been recognized by Inc. Magazine’s prestigious Inc. 5000 list as one of the fastest-growing private companies in the United States. FFGN, a law firm devoted to the collection of bad debt, is the only New York Law Firm to appear on this year’s list, coming in 40 th in the legal industry.

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What Is Proof-of-Stake Cryptocurrency?

Nerd Wallet

Proof-of-stake cryptocurrencies are digital assets that use a method known as staking rather than mining to ensure the legitimacy of transactions reported by users. Staking is a way to earn passive income by committing cryptocurrency to aid in the operation of a blockchain network. Among the major cryptocurrencies that use proof of stake are Cardano, Andy Rosen writes for 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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Inflation Reduction Act Targets Climate Change, Health Care Costs, Taxes

NACM

President Joe Biden signed on Tuesday the Inflation Reduction Act into law, which aims to lower health care costs and raise taxes on corporations. The law includes $369 billion for climate and energy policies; $64 billion to reduce health insurance costs; and a minimum 15% corporate tax rate for companies that earn more than $1 billion a year."The.

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Merchants Are Now Consumers? FTC Settles Action Against Payment Processor After Alleging Its Merchants Are “Consumers”

Troutman Sanders

On July 29, the Federal Trade Commission (FTC) filed a complaint and executed a stipulated order with payment processor First American Payment Systems LP (First American) and companies that market its services — Eliot Management Group LLC (Eliot) and Think Point Financial LLC (Think Point) (collectively, the defendants). The FTC alleged that the defendants violated Section 5 of the Federal Trade Commission Act (FTC Act), 15 U.S.C. § 45, and Section 4 of the Restore Online Shoppers’ Confidence Ac

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