Wed.Oct 19, 2022

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23 Companies Seeking 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 23 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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CFPB Takes Action to Address Junk Data in Credit Reports

Consumer Finance

Effort seeks to address false information on the credit reports of children in foster care and the general public.

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CFPB Sues Payment Network for ‘Duping’ Users into Paying $300M in ‘Junk’ Fees

Account Recovery

The Consumer Financial Protection Bureau announced yesterday that it has filed a lawsuit against a company that used “digital duplicity” to generate $300 million in fees from consumers by tricking them into enrolling in a membership club and for failing to provide proper notification when the annual fee increased from one year to the next. … The post CFPB Sues Payment Network for ‘Duping’ Users into Paying $300M in ‘Junk’ Fees appeared first on AccountsR

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Can I Buy a Car After Bankruptcy?

Sawin & Shea

Difficult financial situations are never in our plans, so those who file for bankruptcy are often left with a lot of questions about what they can and can’t do once proceedings are completed. One of the confusing subjects surrounding bankruptcy is car buying. Individuals who file for bankruptcy and initially think they cannot buy a car will be glad to know that it is indeed possible.

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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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Judge Grants MSJ for Defendant in FCRA Case Over Timing of Dispute

Account Recovery

A District Court judge in South Carolina has accepted a Magistrate Judge’s Report and Recommendation and granted a motion for summary judgment in favor of a defendant that was accused of violating the Fair Credit Reporting Act related to how the defendant was furnishing payment information to the credit reporting agencies, because the suit was … The post Judge Grants MSJ for Defendant in FCRA Case Over Timing of Dispute appeared first on AccountsRecovery.net.

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Daily Digest – October 19. CFPB Sues Payment Network for Duping Consumers; N.Y. DFS Fines Company $4.5M for Failed Controls That Led to Data Breach

Account Recovery

CFPB SUES PAYMENT NETWORK FOR ‘DUPING‘ USERS INTO PAYING $300M IN ‘JUNK’ FEES For tricking 3 million people into signing up for a “free” trial that they had to cancel or be charged automatically, the CFPB sued Active Network yesterday. The company also failed to notify individuals in advance that the annual fee was increasing … The post Daily Digest – October 19.

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Do Self-Employed Workers Pay Social Security Taxes?

Nerd Wallet

All self-employed workers must pay Social Security taxes, just like individuals who work for an employer. Those who work for an employer split their Social Security tax burden down the middle, while self-employed workers are responsible for both halves. And because self-employed workers pay Social Security taxes, they’re entitled to Social Security benefits in retirement.

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Top 6 TaxSlayer Reports You Need to Know!

Prosperity Now

The data collected from TaxSlayer is one of the primary tools for VITA/TCE programs to measure their success and evaluate

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Is Global Entry Worth It?

Nerd Wallet

If you’ve traveled internationally, you’ve probably experienced a line or two at immigration when coming home. Although the time you’ll wait will differ depending on where and when you arrive, nobody likes spending time in a queue — especially after a long flight. Global Entry aims to expedite this process, allowing eligible travelers to skip. Carissa Rawson 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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Catalyst to Community Collaboration and Change in Miami-Dade County

Prosperity Now

Reimagining economic justice for all does not start within our organization’s offices, buildings and video conferences.

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Does Medicare Cover Diabetic Supplies?

Nerd Wallet

Medicare covers diabetic supplies, but there may be limits on the quantity you can get for certain items and how frequently you can get them. What diabetic supplies does Medicare Part B cover? Medicare Part B (Original Medicare’s medical insurance portion) pays 80% of the cost of covered supplies, once you’ve met your annual deductible. Roberta Pescow writes for NerdWallet.

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FTC Fines Automotive Group $3.38M for “Junk fees” and Alleged Fair Lending Violations

Troutman Sanders

?The Federal Trade Commission (FTC) reached a $3.38 million settlement with Passport Automotive Group (Passport) and two of its officers over allegations that the automotive group violated the Equal Credit Opportunity Act and the FTC Act by adding “junk fees” onto the cost of its vehicles and discriminating against Black and Latino consumers by charging them higher financing costs and fees than non-Latino white consumers.

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The Best Airlines for Holiday Travel on Points

Nerd Wallet

If you’re seeing Halloween decorations at the store, you should take that as a sign the holiday travel season is just around the corner. Cue the expensive flights! If you’re relying on points and miles to cover the cost, you might want to consider whether booking award flights for the holidays is the best use. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com.

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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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Pay It Forward: How to Incentivize Attorneys and Staff Beyond Salary

NCBA Law Practice Management Blog

Many law firm owners are comfortable just paying out a salary. And, that can work, for sure. But, if you want to drive revenue within your law firm, it makes sense to look at bonusing attorneys and staff in ways that will incentivize your employees to generate or close more cases for the firm, which will lead to additional revenue. Obviously, this is a bit easier for attorney staff, since lawyers can share fees with each other, which makes it easier to create a direct incentive plan.

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Bitcoin Halving: How It Works, Why and When It Happens

Nerd Wallet

Once every four years, the reward that miners of Bitcoin (BTC) receive for validating a block of transactions is reduced by half — a procedure known as “halving.” A halving event cuts the rate at which coins are created, often boosting their price, and is intended to maintain Bitcoin’s incentive mechanism for miners and control. Connor Emmert writes for NerdWallet.

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FICO® Resilience Index - Benchmarking Portfolio Resilience

Fico Collections

Home. Blog. FICO. FICO® Resilience Index - Benchmarking Portfolio Resilience. Highlighting results from FICO’s release of FICO ® Resilience Index benchmarking reports for 2022. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder. expand_less Back To Top. Wed, 10/19/2022 - 15:00. FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time.

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5 Things to Know About the Emirates Skywards Credit Cards

Nerd Wallet

The Emirates Skywards credit cards won’t earn bonuses large enough to cover a one-way trip in one of the airline’s coveted first-class suites, but they’ll at least get you part of the way there. You’ll also get Emirates elite status for the first year, with the ability to keep that status if you reach an. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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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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UK Card Risk Trends: Summer Data Indicates Challenges Rising

Fico Collections

Home. Blog. FICO. UK Card Risk Trends: Summer Data Indicates Challenges Rising. Erratic UK cardholder behaviour over the summer months reinforces challenging conditions for lenders. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Wed, 10/19/2022 - 13:20. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living cr

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Smart Money: How to Cancel Your Student Debt

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode, we walk you through how to cancel your federal student loans now that the application is live. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take You can apply now to cancel up to. Anna Helhoski writes for NerdWallet.

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The Three C’s of a Successful Collections Strategy

Taurus Collect

Delayed payments negatively impact the financial stability of a company. Running a business is already a time-consuming endeavour, and chances are you simply lack the time to deal with the collection of unpaid invoices. Therefore, hiring a professional debt collection agency in town is recommended as they have the right knowledge and techniques to ensure the successful collection of invoices.

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N.Y. DFS Fines Company $4.5M For Failed Controls That Led to Data Breach

Account Recovery

The New York Department of Financial Services has assessed a fine of $4.5 million to a company for violating its cybersecurity regulations after an employee of the company was victimized by a phishing attack, which exposed non-public personal health data of hundreds of thousands of individuals, including minors. A copy of the consent order, entered … The post N.Y.

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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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Biden to Release at Least 15 Million Barrels of Oil From Reserve

NACM

President Joe Biden is expected to announce the release of 15 million barrels of oil from the U.S. Strategic Petroleum Reserve in response to recent production cuts by OPEC+ nations, per AP News. This announcement comes ahead of next month's midterm elections.Biden authorized the release of 180 million barrels in March, sending the reserve to its l.

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FSOC Cryptocurrency Report Recommends Increased Federal and State Oversight

Troutman Sanders

On October 3, the Financial Stability Oversight Council (FSOC) released its “ Report on Digital Asset Financial Stability Risks and Regulation ” (Report), concluding, among other things, that unregulated cryptocurrencies could pose a risk to the stability of the U.S. financial system. FSOC further recommended legislation empowering financial regulators to more vigorously oversee the industry and to expand bank exams to require federal and state agencies to inspect services provided by crypto-ass

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