Thu.Jan 05, 2023

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Appeals Court Affirms Ruling for Defendant in FCRA Case Over Possibly Discharged Debt

Account Recovery

For those of you who don’t credit report, you might read this sentence until you see that it’s a Fair Credit Reporting Act case and move on to something else more important, but this ruling from the Court of Appeals for the Second Circuit also has bankruptcy implications as well, so it applies to more … The post Appeals Court Affirms Ruling for Defendant in FCRA Case Over Possibly Discharged Debt first appeared on AccountsRecovery.net.

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Keeping the lines of communication as open as possible

American Profit Recovery

By Brian L. The saying goes, “actions speak louder than words” when it comes to showing who you are or what you are capable of accomplishing. In the debt collection industry, words are what speak louder than actions. Your choice of words will determine what actions follow. With conversations being made over the phone, the opportunity is there to build a relationship with a consumer so that both parties can come to an understanding, reaching a resolution that may have been a long time in the mak

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Daily Digest – January 5. Getting to Know Greg Woodford of Absolute Resolutions; Judge Partially Denies MTD in FDCPA Case

Account Recovery

GETTING TO KNOW GREG WOODFORD OF ABSOLUTE RESOLUTIONS CORP. You know you found someone special when they say they got “very lucky” to end up working in the accounts receivable management industry. Greg Woodford even doubles down by saying he would still be a lawyer, if he had the chance to do anything other than … The post Daily Digest – January 5.

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Smart Money: Use Your Values to Set Your Goals

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Use Your Values to Set Your Goals originally appeared on 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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Judge Partially Denies MTD, Rules Plaintiff Has Standing in FDCPA Case Over Phone Calls

Account Recovery

If I am reading this case right — and I will remind you that I am not a lawyer, I just play one on webinars — a District Court judge in Illinois — the home of no standing rulings — has determined a plaintiff has standing in a Fair Debt Collection Practices Act lawsuit against … The post Judge Partially Denies MTD, Rules Plaintiff Has Standing in FDCPA Case Over Phone Calls first appeared on AccountsRecovery.net.

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Getting to Know Greg Woodford of Absolute Resolutions Corp.

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Greg Woodford of

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Delta To Offer Free Wi-Fi On Most Domestic Flights

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Delta To Offer Free Wi-Fi On Most Domestic Flights originally appeared on NerdWallet.

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CFPB, NY AG Sue Auto Lender For Predatory Practices, Aggressive Collection Efforts

Account Recovery

The Consumer Financial Protection Bureau and the Attorney General of New York yesterday filed a lawsuit against an auto lender, accusing it of tricking consumers into high-cost loans on used cars that resulted in unaffordable monthly payments, vehicles being repossessed, and customers facing debt collection lawsuits. A copy of the complaint, filed in the District … The post CFPB, NY AG Sue Auto Lender For Predatory Practices, Aggressive Collection Efforts first appeared on AccountsRecovery

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Credit card use up to highest levels since 2004

UK debt collections

Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data. The figures showed individuals borrowed an additional £1.5 billion in all forms of consumer credit, an increase on the £700m borrowed in October, of which £1.2 billion was on credit cards (an increase of £400m when compared to October), as concerns mounted over the impact of high inflation on struggling households.

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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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How to Optimize Chase Freedom Flex, Discover it Cash Back for Q1 2023

Nerd Wallet

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article How to Optimize Chase Freedom Flex, Discover it Cash Back for Q1 2023 originally appeared on NerdWallet.

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Colorado AG Announces Two More Settlements in GAP Refund Cases

Troutman Sanders

On January 4, Colorado Attorney General Phil Weiser announced that his office had reached settlements with Bellco and Canvas credit unions which will provide $4 million in refunds of unearned guaranteed automobile protection (GAP) premiums to consumers that the credit unions failed to provide previously. In June 2022, we posted here about the five prior settlements reached by the state AG over GAP refunds.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

Fico Collections

Home. Blog. FICO. Four 2023 U.S. Policy Predictions for Financial Services Companies. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. FICO Admin. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations. expand_less Back To Top. Thu, 01/05/2023 - 15:45.

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CFPB’s Involvement in Tenant Screening

Troutman Sanders

Please join Consumer Financial Services Partner Dave Gettings and his fellow Partner Ron Raether as they discuss the Consumer Financial Protection Bureau and its supervision of the tenant screening industry. During this episode, Dave and Ron also examine issues facing tenant screening companies and what can be done in the industry. Ron Raether has helped companies navigate federal and state privacy laws for over 20 years.

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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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Riparian Lines on a Subdivision Plat

Jimerson Firm

Ownership of waterfront property is very desirable in Florida and often involves unique real property considerations. As a result, a subset of real property law has emerged to address what is called “riparian rights.” Riparian rights include the rights of ingress, egress, boating, bathing, fishing and even the right to an unobstructed view over the water.

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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

Fico Collections

Home. Blog. FICO. Cash Flow Data Can Improve Credit Access with an UltraFICO® Score. Among U.S. consumers who don’t have enough credit history to generate a traditional FICO ® Score, over 15 million could receive an UltraFICO ® Score. FICO Admin. Thu, 08/22/2019 - 12:37. by Joanne Gaskin. expand_less Back To Top. Thu, 01/05/2023 - 16:00. For the millions of American consumers whose traditional credit files don’t fully reflect their financial history and readiness for credit, cash flow data provi

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Federal Banking Regulators Warn Against Crypto Risks

Troutman Sanders

On January 3, The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (the Agencies) issued a joint statement to banking organizations highlighting a number of risks associated with crypto-assets. While the Agencies expressly state that “banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation,

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APIs – The driver behind data management

On Guard

Have you been curious about how debtor statuses like credit limits appear based on filter options within an administration? These simple, but critical tasks within an administration are made possible through APIs. An API, or Application Programming Interface, is a set of rules and protocols that defines how two pieces of software can communicate with each other.

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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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Big questions on student loan forgiveness loom in 2023

Collection Industry News

Student loan borrowers are starting 2023 with a lot of uncertainty. The fate of President Joe Biden’s major student loan forgiveness program lies with the US Supreme Court , and it could be as late as summer before the justices rule on whether the policy can take effect. The pandemic-related pause on student loan payments remains in place. But a restart date is up in the air, dependent on when the Supreme Court rules on the forgiveness program.