Fri.Feb 24, 2023

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Advice for Busy Business Owners

Enterprise Recovery

When you own your own business, something always demands your attention. Whether it's troubleshooting office issues like internet outages, customer service challenges, or trying to get paid, entrepreneurship is a busy vocation. To grow your business, you may need to adjust your focus from putting out fires to looking at your business differently. Adjust your perspective with this helpful advice for busy business owners.

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FCC Issues Proposed Rule to Block Illegal Text Messages

Account Recovery

The chair of the Federal Communications Commission yesterday proposed a rule that would require mobile service providers to automatically block text messages that are “highly likely” of being illegal. Along with extending Do-Not-Call registry protections to text messages, the proposed rule require providers to block texts from upstream providers that are known to be transmitting … The post FCC Issues Proposed Rule to Block Illegal Text Messages first appeared on AccountsRecover

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The Most Common Car Repairs You Have to Make

Credit Corp

Owning a car comes with costs that go beyond getting an auto loan or needing to insure your vehicle. Maintenance and repair costs can add up, and it’s essential to be prepared for those financially. In 2021, for example, individuals in the United States spent more than $194 billion on vehicle maintenance and repair. Find out about some of the most common car repairs below, including what they cost. 10 Common Car Repairs and What They Cost This list of car repairs isn’t comprehensive

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Judge Recommends Dismissing FCRA, FDCPA Claims Against Creditors

Account Recovery

A Magistrate judge in Texas has recommended granting motions to dismiss filed by two creditors who were sued, along with a pair of collection agencies, for violations of the Fair Debt Collection Practices Act and the Fair Credit Reporting Act, among other claims, by an attorney who blamed the losses of separate lawsuits on poor … The post Judge Recommends Dismissing FCRA, FDCPA Claims Against Creditors first appeared on AccountsRecovery.net.

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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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What Are Real-Time Payments? Everything You Need to Know

Payment Savvy

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world. This makes it possible for people and businesses to send and receive money at a moment’s notice, without having to wait for traditional payment methods such as bank transfers or cheques to clear.

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Best CRM Software for Small Businesses

Nerd Wallet

Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article Best CRM Software for Small Businesses originally appeared on NerdWallet.

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Complaint Accuses Firm of Pursuing Collection Suit After Claim of ID Theft

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 Complaint Accuses Firm of Pursuing Collection Suit After Claim of ID Theft first appeared on AccountsRecovery.net.

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What Is Homeowners Insurance?

Nerd Wallet

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com. The article What Is Homeowners Insurance? originally appeared on NerdWallet.

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Title Lender to Pay $15M in Penalties for Overcharging Military Families

Account Recovery

An auto finance company will pay $15 million in fines and redress to consumers as a result of an enforcement action with the Consumer Financial Protection Bureau, the regulator announced yesterday. The lender was accused of making illegal loans to military families, altering documents so that the borrowers would not be identified as servicemembers, and … The post Title Lender to Pay $15M in Penalties for Overcharging Military Families first appeared on AccountsRecovery.net.

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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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Guide to Phone Service for Low-Income Households

Nerd Wallet

Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn. The article Guide to Phone Service for Low-Income Households originally appeared on NerdWallet.

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How to Find a Debt Collection Lawyer

FFGN COLLECT NY

Looking for a debt collection attorney but not sure where to begin? There are a lot of debt collection law firms and debt collection agencies available to choose from. What’s best for your individual case, however, isn’t always easily ascertainable from a simple online search. When it comes to search results, first doesn’t always mean best.

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Are You a Points and Miles Hoarder? Here’s How to Get Over It

Nerd Wallet

Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. The article Are You a Points and Miles Hoarder? Here’s How to Get Over It originally appeared on NerdWallet.

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CFPB Issues Data Requests to Major Auto Lenders

Troutman Sanders

On February 23, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it has issued orders to nine of the largest auto lenders requesting information about their auto lending portfolios. According to the CFPB, the nine targeted lenders represent a cross-section of the auto finance market and the data collected in response to these orders will help the CFPB build a data set that provides them with insight into lending channels and loan performance.

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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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What to Know About the CFPB’s Plan to Slash Credit Card Late Fees

Nerd Wallet

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article What to Know About the CFPB’s Plan to Slash Credit Card Late Fees originally appeared on NerdWallet.

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Tenth Circuit Holds Arbitration Provision in ERISA Plan Document Unenforceable

Troutman Sanders

Recently, the Tenth Circuit Court of Appeals held an arbitration provision impermissibly blocked rights afforded to a retirement plan participant under the Employee Retirement Income Security Act (ERISA) and was therefore unenforceable. As background, in Harrison v. Envision Management Holding, Inc. (Envision), the plaintiff, a former employee of Envision and participant in Envision’s defined contribution retirement plan, filed suit under various provisions of ERISA against the fiduciaries of th

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What Should I Do With My Savings if There’s a Recession?

Nerd Wallet

Chanelle Bessette writes for NerdWallet. Email: cbessette@nerdwallet.com. The article What Should I Do With My Savings if There’s a Recession? originally appeared on NerdWallet.

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Fourth Circuit Finds No Article III Standing in Privacy Case

Troutman Sanders

A new Fourth Circuit decision has thrown out of federal court a state-law privacy claim where the plaintiff alleged only a bare statutory violation without alleging “a nonspeculative, increased risk of identity theft,” holding that the plaintiff alleged no Article III injury. As background to the February 21, 2023 decision in O’Leary v. TrustedID, Inc. , the plaintiff alleged that when a consumer reporting agency was subject to a data breach it engaged TrustedID to inform consumers whether they

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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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Do You Need a Passport for a Bahamas Cruise?

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article Do You Need a Passport for a Bahamas Cruise? originally appeared on NerdWallet.

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Federal Regulators Issue Statement Highlighting Liquidity Risks of Crypto-Asset Related Entities

Troutman Sanders

On February 23, The Board of Governors of the Federal Reserve System (the Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies) issued a statement on the liquidity risks presented by funding provided to banks related to certain crypto activities and offering some effective practices to manage such risks when engaging with deposits associated with crypto entities.

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Dollar Store Demand + the Wild Card that Could Sink Wealth

Nerd Wallet

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article Dollar Store Demand + the Wild Card that Could Sink Wealth originally appeared on NerdWallet.

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Hunstein Dismissed

Troutman Sanders

As discussed here , on September 8, 2022, an en banc panel of the Eleventh Circuit Court of Appeals reversed the district court’s decision that a debt collector’s outsourcing of its letter process to a third-party mail vendor violated the Fair Debt Collection Practices Act’s prohibition on third-party disclosure. The Eleventh Circuit remanded the case to the district court with instructions to dismiss for lack of standing.

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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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Is Now the Right Time to Invest in Travel Stocks?

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article Is Now the Right Time to Invest in Travel Stocks? originally appeared on NerdWallet.

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Court Rejects Debt Collector’s Statutory Interpretation of FDCPA Debt Validation Provision

Troutman Sanders

According to the district court for the District of Massachusetts, debt collectors may be found in violation of § 1692g(a)(3) of the Fair Debt Collection Practices Act (FDCPA) when sending debt collection letters requiring the consumer to dispute the debt in writing. As background, in Sherwyn Rocke v. Monarch Recovery Management, Inc. (Monarch), the plaintiff alleged that Monarch violated the FDCPA in its initial collection letter because it required the plaintiff to notify them in writing if he

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Collecting Business Debt: Six Best Practices When Working With A Collections Agency

Taurus Collect

If your business is struggling to collect payment on outstanding debt, you may be considering working with a collections agency. Before taking this step, it’s important to understand the best practices for working with a collections agency , in order to ensure that you protect your business interests and get the best results. Here are six tips to follow when working with a collections agency: Do Your Research When searching for a debt collection agency in Liverpool, it’s essential to

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Chapter 11 Bankruptcies Are Up 70% Annually

NACM

? Chapter 11 bankruptcy filings increased 70% year-over-year and Subchapter V filings are up 49%. With post-pandemic era financial aid no longer available, its time to leverage every possible risk mitigation tool both before and after a bankruptcy filing.?We've brought in some of the best experts for this week's episode of NACM's #ExtraCredit podca.

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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?