Fri.Sep 09, 2022

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CFPB Warns Collectors Working Nursing Home Accounts About Potential FDCPA Violations

Account Recovery

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of the Fair Debt Collection Practices … The post CFPB Warns Collectors Working Nursing Home Accounts About Potential FDCPA Violations appeared first on AccountsRecovery.

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How Does Accounts Receivable Increase Collections?

Enterprise Recovery

If your organization is facing slow cash flow, accounts receivable management may be the problem. Every invoice starts in accounts receivable so it's important to manage the procedures to reduce delinquent payments. Let's look at some efficient A/R practices to get you paid. How does accounts receivable increase collections?

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Pair of NDIL Hunstein Cases Remanded Back to State Court for Lack of Standing

Account Recovery

While there may be people in the industry celebrating that the Hunstein case was dismissed by the Eleventh Circuit Court of Appeals yesterday, a pair of recently issued rulings from the Northern District of Illinois illustrate that the fight over the use of letter vendors to print and mail collection letters is not over — … The post Pair of NDIL Hunstein Cases Remanded Back to State Court for Lack of Standing appeared first on AccountsRecovery.net.

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How to File LLC Articles of Organization

Nerd Wallet

What are LLC articles of organization? Articles of incorporation are documents that establish the existence of a corporation and are sometimes known as certificates of incorporation. In order to form a limited liability company (LLC), you must file articles of organization with the state and pay a filing fee. The required information can vary, but. Priyanka Prakash 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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Daily Digest – September 9. Appeals Court Dismisses Hunstein for Lack of Standing; Class Action Filed Over Blank Lines in MVN

Account Recovery

APPEALS COURT DISMISSES HUNSTEIN FOR LACK OF STANDING The Court of Appeals for the Eleventh Circuit issued its long-awaited ruling in Hunstein v. Preferred Collection & Management Services yesterday, dismissing the case because the plaintiff lacked standing to sue in federal court.While the result may be seen as good news by some in the ARM industry, it … The post Daily Digest – September 9.

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Class Action Filed Over Blank Itemization Table Line Items in MVN

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Action Filed Over Blank Itemization Table Line Items in MVN appeared first on AccountsRecovery.net.

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The Guide to Chase Quarterly Bonuses

Nerd Wallet

Depending on your specific Chase credit card and the promotions available, it may qualify for a quarterly bonus. Each quarter, you may earn extra Chase Ultimate Rewards® points or cash back through qualifying spending. If you have the Chase Freedom Flex? card or Chase Freedom® card, each quarter you can activate a 5% cash back. Josh Garber writes for NerdWallet.

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Eleventh Circuit Clarifies Tests for Article III Standing, Changes Course on FDCPA and Mailing Vendors

Burr Forman

On September 8, 2022, in Hunstein v. Preferred Collection and Management Services, Inc. , No. 19-14434, the Eleventh Circuit Court of Appeals issued an en banc decision which departs significantly from the panel decision on Article III standing issues and statutory causes of action. The case has broad implications for how the Eleventh Circuit applies Article III standing analysis, particularly in consumer finance cases, but also in other cases where a statutory violation has a dubious relationsh

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Increase Credit Limits Now in Case the Economy Worsens Later

Nerd Wallet

Relying on a credit limit in a shaky economy is the equivalent of expecting a weak bridge to weather a storm and carry you to survival. It’s not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there’s potential for economic distress. Credit card issuers took these. Melissa Lambarena writes for 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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Cost of Bankruptcy and Liquidation petitions to increase

UK debt collections

The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022. The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit, the amount that needs to be paid up-front to seek an order, will be increasing in all cases where a petition is filed at court on or after 1 November 2022

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Is First Class Worth It?

Nerd Wallet

We’ve all seen those happy flyers sitting up in the front, enjoying a hot towel and a glass of champagne while we trudge back to seat 42B. Comfort, relaxation and luxury — there’s no denying that first class will get you where you want to be in style, but is first class worth it? Here’s. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Five Stories that Matter in Michigan This Week – September 9, 2022

Fraser

Report Shows Decline in Health Care Employment. The Michigan Health & Hospital Association, Michigan State Medical Society, and Michigan Osteopathic Association jointly issued a report showing that the number of health care jobs in Michigan declined in the first year of the COVID-19 pandemic, due in large part to burnout associated with the pandemic.

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American Airlines Main Cabin vs. Basic Economy

Nerd Wallet

After scaling back on basic economy during the height of the COVID-19 pandemic, American Airlines’ basic economy fares have become commonplace once again. Now, the first price you’ll see when searching American flights is likely a basic economy fare. However, at checkout, American will try to upsell you to main cabin fares. That may have. JT Genter 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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Podcast: Fraud in B2B Credit Management

NACM

?? This week's episode of NACM's Extra Credit #podcast is all about fraud. Credit departments have reported an increase in attempts to setup fraudulent accounts, and fraud can even take place during your product's journey to the customer. Learn how to spot fraud before it happens at every step of the order to cash process.

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What Student Loan Cancellation Could Mean for Your Budget

Nerd Wallet

The Biden administration announced plans for federal student loan relief last month. The plans include the cancellation of up to $10,000 in debt for borrowers who meet income requirements and up to $20,000 for Pell Grant recipients. Beyond cancellation, the proposal also extended the pause on loan repayment through the end of the year and. Lauren Schwahn writes for NerdWallet.