Wed.Aug 24, 2022

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Student Loan Debt Relief Scammer Gets 6 Years in Prison

Account Recovery

A Georgia man has been sentenced to six years in prison while also being ordered to pay $910,417 in restitution after pleading guilty in a scam that led to $48 million of federal student loans being fraudulently discharged through a program intended for disabled military veterans. De’reek Banks illegally pocketed nearly $900,000 in payments from … The post Student Loan Debt Relief Scammer Gets 6 Years in Prison appeared first on AccountsRecovery.net.

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How Long Will Chapter 13 Delay Foreclosure?

Sawin & Shea

Declaring bankruptcy can be incredibly daunting, but sometimes it’s the best option for moving forward to financial freedom. This is especially the case if you’re behind on your mortgage payments. Although sometimes borrowers can receive a forbearance or work out a repayment plan with their lenders, many are unable to reach this agreement, meaning they’re at risk of losing their homes.

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Daily Digest – August 24. Calif. Appeals Court Overturns Ruling for Agency; Student Loan Debt Relief Scammer Sentenced

Account Recovery

CALIFORNIA APPEALS COURT OVERTURNS RULING IN FAVOR OF COLLECTOR THAT STAPLED NOTE TO SUMMONS A least sophisticated consumer would have thought that the note, which provided instructions to call the agency if the individual had any questions, was coming from the court, the Appeals Court ruledThe defendant argued that the note was not a communication … The post Daily Digest – August 24.

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CVA’s drop 47% after HMRC changes Debt Collection rules

UK debt collections

The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is suggested that this large drop is due to a change in the laws in 2020 which made HMRC a preferred creditor when businesses go bust. A company voluntary arrangement (CVA) can be used when a company is insolvent.

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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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Provana Adds Kelli Edmonds as Executive Advisor

Account Recovery

Chicago, IL – August 23, 2022 – Provana, provider of the industry’s first unified platform for compliance and performance management today announced the addition of Kelli Edmonds to its Executive Advisor team. Ms. Edmonds recently stepped down as SVP of Business Control and Risk Management at Santander Consumer USA to focus on her own business. She … The post Provana Adds Kelli Edmonds as Executive Advisor appeared first on AccountsRecovery.net.

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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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Does Insurance Cover Birth Control?

Nerd Wallet

Most health insurance plans cover birth control without requiring you to pay anything out of pocket. Some employers are exempt, and federal law makes exceptions that allow health plans to cover limited forms of birth control. But there are ways to appeal to your insurance company if you’re forced to pay for birth control prescribed. Taryn Phaneuf writes for NerdWallet.

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Calif. Appeals Court Overturns Ruling in Favor of Collector That Stapled Note to Summons

Account Recovery

This is one of those “no good deed goes unpunished” type of stories. A California Appeals Court has overturned a summary judgment ruling in favor of a collector that was sued for violating the Fair Debt Collection Practices Act and the Rosenthal Fair Debt Collection Practices Act by stapling a note to a court-provided summons, … The post Calif.

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The High Cost of Smoking in Your Car

Nerd Wallet

Smoking in your car is harmful to you and your passengers, but it also hurts the resale value of your car. Smoking can reduce the car’s trade-in value by at least $500, according to Richard Arca, director of vehicle valuations and analytics for auto website Edmunds. Other sources put the cost even higher. A study. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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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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Banking Groups Challenge CFPB’s RFI on Customer Service

Troutman Sanders

Banking trade groups are challenging a request for information (RFI) issued by the Consumer Financial Protection Bureau (CFPB) regarding customer service at large financial institutions. In a joint letter dated August 22, the Bank Policy Institute, Consumer Bankers Association, and the American Bankers Association objected to the CFPB’s insinuation that big banks are providing a sub-par customer experience and challenged the CFPB’s authority to regulate customer service.

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Just How Much Do Fees Impact Airbnb Prices?

Nerd Wallet

It’s a terrible feeling to arrive at a checkout screen and realize that the cost far exceeds the original listed price. This practice of adding fees throughout the checkout process is called “drip pricing,” and the travel industry is one of the worst offenders. Airlines add baggage and seat selection fees. Hotels drop resort fees. Sam Kemmis writes for NerdWallet.

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72% of Economists Warn of a Recession in 2023

NACM

All eyes are on the Federal Reserve as it fights the worst inflation in four decades with aggressive interest rate hikes. Most economists (73%) expect the Fed to be unsuccessful in taming inflation in the next two years without triggering a recession, according to the National Association for Business Economics (NABE). 72% predict a recession by th.

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Term Life Insurance Definition

Nerd Wallet

Term life insurance is often defined as temporary coverage because it only lasts for a limited number of years. Although lifelong coverage may sound more appealing, there are many advantages to term life worth considering. It’s cheaper than permanent life insurance, plus the shorter coverage is typically sufficient for most people. That’s because life insurance.

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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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Bill Introduced to Prevent Mass Student Loan Debt Cancellations As White House Preps Announcement

Account Recovery

Because an announcement is expected from the White House today regarding how it will address the topic of student loan debt cancellation, the timing is coincidental to report that a bill has been introduced in the House of Representatives that would prevent the Biden Administration from “enacting blanket student loan forgiveness.” H.R. 8729, “The Debt … The post Bill Introduced to Prevent Mass Student Loan Debt Cancellations As White House Preps Announcement appeared firs

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Does Medicare Cover Hospital Stays?

Nerd Wallet

Medicare Part A covers hospitalizations, but you’re responsible for the Part A deductible. After 60 days you’ll have to pay coinsurance, and the amount increases based on the length of your stay. Does Original Medicare cover hospital stays? With the cost of a three-day hospital stay averaging around $30,000, making sure you’re covered for hospital. Roberta Pescow writes for NerdWallet.

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Inside the Little-Known American Express Lounge at the Las Vegas Convention Center

Nerd Wallet

One of the best-known benefits of The Platinum Card® from American Express is Centurion Lounge access — which admits you into a luxurious world of free food and comfy seats at a handful of major airports. But one of the least-known, and hardly-advertised benefits of that card is American Express Business Lounge Access. Terms apply. Sally French writes for NerdWallet.

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Capital One, Citi, Chase and AmEx Transfer Bonus History

Nerd Wallet

If you have a credit card that earns Chase Ultimate Rewards®, American Express Membership Rewards, Capital One or Citi ThankYou points, you hold valuable travel rewards because the points can be transferred to airline and hotel partners. Once transferred, those points can be used to book award flights and hotel nights. Although most point transfers.

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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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5 Things to Know About the BP Credit Card

Nerd Wallet

The BPme Rewards Visa Signature Card, issued by First National Bank of Omaha, stands out among other ho-hum co-branded gas station credit cards. Yes, the card can help you save money at hundreds of BP and Amoco gas stations across the United States, but it’s more than just a “cents-off-per-gallon” companion for brand loyalists. Unlike. Melissa Lambarena writes for NerdWallet.

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Start comparing customized life insurance quotes in minutes.

Nerd Wallet

When shopping for life insurance quotes, make sure to: Compare quotes from various insurers to get the best price possible. Select life insurance policies with the same level of coverage to get the most accurate comparison. Check the features of each life insurance policy you compare. Some policies may include free life insurance riders that. Georgia Rose writes for NerdWallet.

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What Is Proof-of-Work Cryptocurrency?

Nerd Wallet

Proof-of-work cryptocurrencies are digital assets that use a process known as mining to reward users who keep track of transactions and balances on an underlying blockchain network. Bitcoin, Litecoin and Dogecoin are among the popular proof-of-work cryptocurrencies. The mining process at the center of proof-of-work systems can be very energy intensive, which has fueled environmental.

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Biden Cancels $10K in Student Debt. Here’s Who Gets It

Nerd Wallet

After months of rumor and speculation, President Joe Biden announced the details on a broad vision for student loan debt repayment and debt cancellation on Wednesday. Through an executive order, federal student loan borrowers who meet income requirements will see $10,000 in debt canceled. If the borrower received a Pell Grant to attend school, the. Anna Helhoski writes for NerdWallet.

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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!