Wed.May 11, 2022

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Data Hints Consumers Not Worried About Looming Recession

Account Recovery

All signs might be pointing to a recession on the horizon, but consumers either aren’t getting the memos or they just don’t think it’s going to affect them very much, according to data released yesterday by the Federal Reserve Bank of New York. In fact, more consumers think they are going to be in a … The post Data Hints Consumers Not Worried About Looming Recession appeared first on AccountsRecovery.net.

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This Airline Amenity Is Making a Comeback, and It’s Refreshing

Nerd Wallet

For those among us who like a tipple after takeoff, consider this a sign that the world is healing: Many airlines are resuming in-flight meals and alcohol service. Early on in the pandemic, many airlines completely cut in-flight refreshment offerings (aside from perhaps a hasty water bottle delivery). Slowly but surely, airlines are reintroducing the.

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N.Y. Legislature Passes Anti-Garnishment, Anti-Lien Bill For Certain Medical Debts

Account Recovery

The New York Senate yesterday voted to approve a bill that would protect individuals from having liens placed on their primary residences and having their wages garnished to repay medical debts. The New York Assembly had already passed its version of the bill, and consumer advocates yesterday called on Gov. Kathy Hochul to sign the … The post N.Y.

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Late payment contributing to Small Business Owners mental health decline

UK debt collections

The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners according to FSB findings. In a survey by the Federation of Small Businesses (FSB) of 1,000 Business owners, 34% of Small Business Owners stated that their mental health had suffered over the duration of the pandemic.

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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 – May 11. Judge Denies Motion to Remand, Grants MTD; N.Y. Legislature Passes Medical Debt Collection Bill

Account Recovery

JUDGE DENIES MOTION TO REMAND FDCPA CASE BACK TO STATE COURT; GRANTS MTD A District Court judge has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court while also granting the defendant’s motion to dismiss, ruling that the plaintiff had standing to sue in federal court, but … The post Daily Digest – May 11.

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Judge Denies Motion to Remand FDCPA Case Back to State Court; Grants MTD

Account Recovery

A District Court judge has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court while also granting the defendant’s motion to dismiss, ruling that the plaintiff had standing to sue in federal court, but did not state a claim on which the case could be based. A … The post Judge Denies Motion to Remand FDCPA Case Back to State Court; Grants MTD appeared first on AccountsRecovery.net.

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Can anyone find out that you’ve had a bankruptcy?

Roths Child Law

When you look at your financial situation and all you’ve done to try to correct it, you do feel like bankruptcy may be your only option. If you’re holding off on bankruptcy because you’re worried about who will be able to find out about it, then that might not be a good reason to do so. Realistically, while bankruptcies are public record, you probably won’t have to worry about people finding out about your financial situation.

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25 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 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Partnership vs. Corporation: Key Differences and How to Choose

Nerd Wallet

A partnership is the default business structure for a company with multiple owners. In a partnership, co-owners report their share of the business’s income and losses on their personal tax returns. A corporation, which is formed by filing articles of incorporation, is a legally separate business entity owned by shareholders. An elected board and board-appointed officers manage.

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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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The 7 Best Student Loan Refi Companies – as of May 2022

Better Credit Blog

43.2 million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. If you’re reading this, chances are that’s you. Even with the recent White House announcement that the pause on student loan repayment, interest, and collections will extend until May 1, 2022, millions of people struggle with the amount of debt they owe from attending college.

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Rising Inflation, Volatile Market: What Would Buffett Do?

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Beginner and experienced investors are navigating an uncertain investing environment affected by inflation, war and a pandemic.

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Personal Guarantees: What Are They And Can You Get Out Of One?

Hudson Weir

Money makes the world go round. And personal guarantees are an important part of keeping the money flowing between lenders and businesses. Indeed, in certain circumstances, they are vital for companies to gain investment. A personal guarantee can be the difference between getting crucial business investment or not. But, they shouldn’t be taken lightly.

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Should You Fly or Drive This Summer? 

Nerd Wallet

With the cost of everything rising faster and faster, it can be hard to build a reliable travel budget. Will gas prices rise or fall by the summer? And will airfare costs keep pace? The question of whether it’s cheaper to fly or drive is an old travel conundrum, but the many factors affecting travel. Sam Kemmis writes for NerdWallet. Email: skemmis@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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How portfolio segmentation leads to an optimised debt management process

Qualco

Customer segmentation, the process by which businesses divide their customers based on similar key characteristics, is a powerful tool for financial institutions. By tailoring their approach, from the payment reminders sent to customers to the channel used, businesses that manage debt can boost their results while customers enjoy a smooth experience.

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SBA Loans vs. Bank Loans: How to Choose

Nerd Wallet

When deciding between a business bank loan and an SBA loan, the right fit will depend on the number of years your business has been in operation, your annual revenue, your credit history and a handful of other factors. Generally, bank loans offer the lowest interest rates and best terms on business loans, which make. Lisa Anthony writes for NerdWallet.

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Introducing The New Age of Applied Intelligence

Fico Collections

This week, we have the privilege of coming together again to host FICO World 2022, our marquee decisions conference showcasing the innovative ways organizations are leveraging FICO technology to protect and grow their businesses. Above all else, one fundamental theme has emerged: The customer is in the driver’s seat, and their expectations have changed.

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Best Payment Processors for High-Risk Merchants

Nerd Wallet

High-risk merchants operate in industries that are age-restricted, such as cigarettes and tobacco, or have high rates of fraud or chargebacks, such as dropshipping, nonprofits or web design. These businesses often struggle to find merchant account providers and payment processors that are willing to work with them. However, there are several good options for these.

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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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CFPB’s 2021 Fair Lending Report Reframes Fair Lending to Include Nondiscrimination UDAAP Matters

Troutman Sanders

On May 6, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Fair Lending Report for 2021. As in 2020’s report, published last year , the CFPB shows that its focus remains on what it characterizes as “financial inclusion, racial and economic equity, and fair competition”: “As part of the prioritization process, the CFPB identifies emerging developments and trends by monitoring key consumer financial markets.

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How Long Does It Take to Get an SBA Loan?

Nerd Wallet

SBA loan processing takes approximately two to three months from start to finish, and sometimes longer. The effort of preparing a business plan, gathering your documentation and applying for the loan can take weeks by itself, as can underwriting the loan once it’s in the lender’s hands. Since the U.S. Small Business Administration guarantees up. Hillary Crawford writes for NerdWallet.

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CLASS Network Directorship Position Deadline for Applications Extended to 5/22

Public Citizen

Here's the job posting: Director of the CLASS Network - Center for Consumer Law & Economic Justice. Do you want to work every day to advance the rights of low-income consumers? Do you want to help create a national network of law school programs dedicated to building equity and economic justice?  Well, then, perhaps this is the job for you.

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What a Stablecoin’s Troubles Mean for Crypto Investors

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Stablecoins are supposed to be the part of the cryptocurrency market that is immune to the wild swings in.

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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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Whither Arbitration Regulation?

Public Citizen

by Jeff Sovern. Every six months, the CFPB director testifies before the Senate Banking Committee and the House Financial Services Committee. Each committee member gets five minutes to question the director, a process that collectively takes hours and this last time covered a wide variety of topics, including topics over which the CFPB lacks power, like non-payment aspects of digital currency.

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Is Private Flood Insurance Right for You?

Nerd Wallet

For decades, nearly all flood insurance in the U.S. has been provided through the federally backed National Flood Insurance Program — but these days you may have other options. A growing number of private flood insurance companies offer coverage that may be more affordable or comprehensive than what you’ll get through the NFIP. Here’s what. Sarah Schlichter writes for NerdWallet.

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Report: "Consumers Lured Into Predatory Car Repair Loans"

Public Citizen

Consumer Reports writes today: Auto repair shops affiliated with well-known brands—including AAMCO, Big O Tires, Grease Monkey, Jiffy Lube, Meineke, Midas, and Precision Tune Auto Care—are steering unsuspecting customers into loans charging up to 189 percent interest, according to a study by consumer advocacy groups including Consumer Reports. While most states have interest-rate limits to stop lending practices such as this, a company can evade state regulations by teaming up with a bank in a s

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IRS Form 8832: Instructions and FAQs for Business Owners

Nerd Wallet

What is IRS Form 8832? IRS Form 8832, “Entity Classification Election,” is a form business owners use to tell the IRS how to classify a business for federal tax purposes. Businesses that don’t fill out Form 8832 will receive a default tax classification, which could affect how much tax they pay. Changing a tax election status. Meredith Wood writes for NerdWallet.

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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?