Wed.Sep 21, 2022

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Dismissal of Collection Lawsuit Not Enough for Plaintiff to Pursue FDCPA Suit

Account Recovery

Winning a collection lawsuit because the judge ruled there was not a sufficient chain of custody to prove the account was transferred by the original creditor to the entity purchasing the account is not enough evidence that a juror could use to conclude a false statement was made, ruled a District Court judge in Pennsylvania, … The post Dismissal of Collection Lawsuit Not Enough for Plaintiff to Pursue FDCPA Suit appeared first on AccountsRecovery.net.

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Booking a Hotel Room With a Kitchen May Not Save Money After All

Nerd Wallet

If you’re looking to cut costs on vacation, opting to cook in your hotel room versus going out to eat might seem like a logical move. But to cook inside a hotel room, you’re going to need a kitchen. And as it turns out, hotel rooms with kitchens usually cost more than similar hotels without. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Financial Situation Worsening for Consumers

Account Recovery

The number of people for whom their financial situation has worsened is outpacing the number of people for whom their financial situation has improved two-to-one, according to data released following a nationwide poll. The number of people who said their financial situation has gotten worse is up to 37%, from 290% in February, while the … The post Financial Situation Worsening for Consumers appeared first on AccountsRecovery.net.

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What If My Income Increases During Chapter 13?

Sawin & Shea

Filing for Chapter 13 bankruptcy can be both challenging and stressful. Although filing can help you eventually become debt free, the process itself can be confusing. One common question that filers have regarding the Chapter 13 process involves income increases and whether they affect payment plans. An increase in income will likely impact your Chapter 13 repayment plan, and you are obligated to report wage increases to your bankruptcy trustee.

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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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21 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 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Mass. AG Reaches $12M Settlement With Collector

Account Recovery

The Attorney General of Massachusetts yesterday announced a $12 million settlement with a debt collection company yesterday that was accused of a number of violations, such as collecting on debts without sufficient proof that the debts were valid, violating state law limiting the number of calls that could be made to collect on a debt, … The post Mass.

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Travel Prices Are Coming Back to Earth

Nerd Wallet

Skyrocketing airfares earlier this year and recent headlines about persistent inflation may be discouraging potential travelers. Yet recent data suggest that prices for hotels, air travel and rental cars are softening this autumn. And the U.S. dollar’s continued strength has driven down international travel costs. The Consumer Price Index report released in September showed overall.

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Daily Digest – September 21. Mass. AG Reaches $12M Settlement With Collector; Financial Situations Worsening for Consumers

Account Recovery

MASS. AG REACHES $12M SETTLEMENT WITH COLLECTOR The settlement covers a variety of allegations, from not having proof that debts were valid to violating state laws related to call caps. The $12 million breaks down to $4.5 million of restitution to consumers and ceasing to collect on $7.5 million for which a judgment could not … The post Daily Digest – September 21.

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What Are the Best Commodity ETFs?

Nerd Wallet

What is a commodity ETF? A commodity ETF is an exchange-traded fund that invests in physical commodities such as agricultural products, energy sources and metals. Commodity ETFs often grow in popularity when there is global conflict or high inflation, as commodities are always needed by consumers. Luxury goods, in contrast, may be scrapped during difficult.

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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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Director Chopra’s Prepared Remarks at the Exchequer Club Fireside Chat

Consumer Finance

Director Chopra delivered prepared opening remarks at an Exchequer Club Meeting in Washington, DC.

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The Downsides of Hotel Free Night Certificates

Nerd Wallet

There are many hotel credit cards out there that allow you to earn points, which you can in turn use for free hotel stays. However, some hotel credit cards offer free night certificates instead, which can be used to cover a free night stay at a hotel. Free night certificates may seem straightforward, so it’s. Elina Geller writes for NerdWallet. Email: egeller@nerdwallet.com.

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Aged Account Comes Back to Haunt Collections Firm: Federal District Court Revives Time-Barred FDCPA Claims

Troutman Sanders

A recent federal district court opinion highlights the potential pitfalls associated with renewals of unsatisfied default judgments. The case, Sarah Pitera v. Asset Recovery Group Inc., No. 2:22-cv-00255-TL (W.D. Wash.), serves as a reminder that judgment creditors must still tread carefully when seeking to collect on, or revive, judgments from yesteryear.

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How Does Bitcoin Mining Work?

Nerd Wallet

Bitcoin mining is a process that creates new Bitcoins and releases them into circulation. Mining is crucial to the operation of Bitcoin and some other cryptocurrencies because it incentivizes users to enter accurate information into the shared ledger that keeps track of transactions and balances on an underlying blockchain network. Miners who participate in this.

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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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Payments in the business market 2022: heading for a level playing field

On Guard

For consumers, the past ten years have seen a clear shift from cash to debit card payments. The business world, however, has long preferred digital payment flows. But important changes are also taking place here. There are now quite a few companies that have crypto currencies on their balance sheet and payment processes are increasingly being automated.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. How to compare car insurance quotes First of all, every. NerdWallet writes for NerdWallet.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. How to compare car insurance quotes First of all, every. NerdWallet writes for NerdWallet.