Fri.Oct 07, 2022

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‘Vague’ BK Reference Kills Hunstein Class Action

Account Recovery

It’s not an option open to every defendant, but a defendant has found one way to defeat a Hunstein copycat case — a vague disclosure made during a bankruptcy filing. A copy of the ruling in the case of Dervitz v. ARS National Services can be accessed by clicking here. The plaintiff filed a class-action … The post ‘Vague’ BK Reference Kills Hunstein Class Action appeared first on AccountsRecovery.net.

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Tips for the Prevention of Accounts Receivable Delinquency

Enterprise Recovery

If we think of cash flow as important as oxygen to the human body, then accounts receivable is as important as the lungs. When extending credit to clients or invoicing them for goods and services, we're expecting pure, clean cash to flow back into our business. If invoices remain unpaid or the client's credit is unreliable, then the cash flow becomes clogged, effectively killing the business.

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Plaintiff Sues Collector, Claiming Defendant Told Her Not to Show Up For Court Hearing

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 Plaintiff Sues Collector, Claiming Defendant Told Her Not to Show Up For Court Hearing appeared first on AccountsRecovery.net.

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5 Best Merchant Cash Advance Companies for 2022

Nerd Wallet

Merchant cash advance companies provide you with an upfront sum of capital that you repay using a percentage of your debit and credit card sales, plus fees — otherwise known as a merchant cash advance, or MCA. Generally, you’ll want to consider all other types of small-business loans before turning to an MCA because this. Randa Kriss writes for 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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Daily Digest – October 7. Plaintiff Claims Defendant Told Her Not to Show for Hearing; ‘Vague’ BK Reference Kills Hunstein Class Action

Account Recovery

PLAINTIFF SUES COLLECTOR, CLAIMING DEFENDANT TOLD HER NOT TO SHOW UP FOR HEARING A plaintiff on Social Security has filed a lawsuit claiming she was told by a collector that had filed a collection lawsuit not to show up for a court hearing because the case was going to be dismissed. More details here.This content … The post Daily Digest – October 7.

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Medical Debt a Problem for Everyone, Regardless of Insurance Coverage

Account Recovery

The number of people who are covered under some form of health insurance is at its highest point ever, yet half of them would struggle if faced with the prospect of having to pay a medical bill of $1,000 within the next 30 days, according to a report released last week by The Commonwealth Fund. … The post Medical Debt a Problem for Everyone, Regardless of Insurance Coverage appeared first on AccountsRecovery.net.

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Lower 2023 Medicare Star Ratings Don’t Mean Your Plan Got Worse

Nerd Wallet

Medicare star ratings reached record highs in 2022, but they’re coming back down for 2023. It’s not the first time the government’s quality ratings for Medicare plans have fallen, but this year’s decline involves more than the usual yearly adjustments. The COVID-19 pandemic triggered changes to 2022 star rating calculations that led to higher scores.

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NY AG Settles With Ambulance Company Over Balance Billing Issues

Account Recovery

The Attorney General of New York has announced a settlement with a private ambulance company that was accused of violating state law for engaging in a practice known as “balance billing” where the patient is sent a bill for the difference between what the company charges and what the patient’s insurance covers. Some of the … The post NY AG Settles With Ambulance Company Over Balance Billing Issues appeared first on AccountsRecovery.net.

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The Best Home and Auto Insurance Bundles of 2022

Nerd Wallet

Bundling your home and auto insurance is a great way to save money. But don’t just go with the first insurance company you come across that offers a bundling discount. You want to choose an insurer with strong customer service, plenty of perks and coverage types, plus other discounts. Here are NerdWallet’s picks for the. Ben Moore writes for NerdWallet.

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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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CPFB Issues Final Rule for Credit Reporting for Survivors of Human Trafficking

Troutman Sanders

On June 23, the Consumer Financial Protection Bureau (CFPB) issued a final rule , prohibiting consumer reporting agencies (CRAs) from reporting adverse information resulting from human trafficking on survivors’ credit reports. This rule took effect on July 25. The CFPB’s final rule amends Regulation VII, the Fair Credit Reporting Act’s (FCRA) implementing regulation, to comply with the 2021 Debt Bondage Repair Act’s credit reporting requirement.

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What to Do If Your Homebuying Plan Got Scrapped This Year

Nerd Wallet

Millennials are in peak nesting mode. We want the outdoor space many apartments lack, or the room to grow that a starter house doesn’t offer. There’s just a not-so-small problem. (Gestures broadly at everything.) The median existing home sales price of U.S. homes was $389,500 in August, according to the National Association of Realtors. That’s. Sara Rathner writes for NerdWallet.

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Buy Now, Pay Later: BNPL Fraud and Regulatory Update

Fico Collections

Home. Blog. FICO. Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. by TJ Horan. expand_less Back To Top. Fri, 10/07/2022 - 14:10. This headline a year ago left me scratching my head: “ How buy now, pay later became a $100 billion industry.

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Chase Freedom Cards Again Offer 5% Grocery Rate to New Cardholders

Nerd Wallet

The Chase Freedom Unlimited® and Chase Freedom Flex? are once again offering a potential bonanza for grocery-getters. As of Oct. 6, 2022, new applicants who apply for either card directly via Chase can earn 5% cash back at grocery stores (excluding Target and Walmart) on up to $12,000 in spending in the first year. The. Jaime Hanson writes for NerdWallet.

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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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Third Circuit Hands Down Decision in FCRA Pay Status Cases

Troutman Sanders

Please join Consumer Financial Services Partner Dave Gettings and his colleagues Ethan Ostroff, Brooke Conkle, and Jon Kenney as they discuss the Third Circuit’s recent decision in the Bibbs case, particularly the Third Circuit’s treatment of “pay status” allegations and what we can expect to see going forward. Ethan Ostroff advises companies on compliance issues and interactions with regulators concerning the Fair Credit Reporting Act, while also defending furnishers, users, and specialty consu

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How to Cancel Medicare Part B

Nerd Wallet

It’s not difficult to cancel Medicare Part B, however, doing so might result in a health coverage gap — and/or a late enrollment penalty if you enroll again at a later date. Medicare Part B is Original Medicare’s medical insurance portion. It covers medically necessary and preventive services like doctor visits and other outpatient care. Roberta Pescow writes for NerdWallet.

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Five Stories that Matter in Michigan This Week – October 7, 2022

Fraser

Michigan Legislature Allocates $846 Million for Economic Development Projects. Michigan legislators recently approved $846.1 million to support economic developments projects in the state. The funding will be administered through the state’s Strategic Outreach and Attraction Reserve (SOAR) fund. Why it Matters: As the economy slows, these funds will inject a needed boost for business and entrepreneurship in Michigan.

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The Guide to AmEx Platinum Car Rental Insurance

Nerd Wallet

Many travelers purchase rental car insurance to protect against damage or theft when renting a car. However, buying coverage can add up with the average rental car insurance cost at $20 to $30 per day. So, does The Platinum Card® from American Express cover rental car insurance? In short: Yes, in certain situations, and provided. Lee Huffman writes for NerdWallet.

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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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ACH Payments Are Now More Common Than Paper Checks: Podcast

NACM

?? The first Extra Credit podcast episode of October just dropped! This week's episode is all about change in the B2B credit industry.?? ACH has replaced paper checks as the most commonly used payment method in B2B transactions, according to an eNews poll.?? Payment methods are not the only part of B2B credit that has evolved. Credit professionals hav.

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5 Things to Know About United 1K

Nerd Wallet

The top tier of United Airlines’ elite status ladder is dubbed United Premier 1K — or just United 1K. In exchange for this loyalty, United will reward you with top-tier perks, including first-class upgrades, free checked bags, pre-boarding and even free Clear membership. However, you’ll need to be really loyal to United to score this. JT Genter writes for NerdWallet.

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Does Medicare Negotiate Drug Prices?

Nerd Wallet

Medicare Part D covers prescription drugs. Medicare sets the rules for Part D plans, which are sold by private companies. However, federal law currently prohibits Medicare from negotiating lower prescription drug prices. A new law that passed in August 2022 will allow Medicare to start prescription drug price negotiations, but not right away. Here’s what.

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The Guide to United Flight Delay Compensation

Nerd Wallet

No one likes it when their flight is delayed. Whether it’s been 30 minutes or 3 hours, the inconvenience of wasting your time is never a fun experience. However, in some cases, you may be entitled to compensation if your flight ends up being late. Let’s look at flight delay compensation on United Airlines and. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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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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Q&A: Student Loan Debt Relief Application

Nerd Wallet

Not everyone has to apply to get student loan cancellation. Nearly 8 million federal borrowers will receive relief automatically because they are enrolled in an income-driven repayment plan; their income information is on file with the Department of Education. All other borrowers will need to submit an application. The application for the Biden administration’s student.

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How to Split Up Your Joint Spousal Consolidation Student Loan

Nerd Wallet

Student loan borrowers bound together by joint spousal consolidation will be able to split their debt thanks to a new bill that President Joe Biden is expected to sign any day. Joint spousal consolidation loans haven’t been made since 2006. The program, which originated in 1993, allowed married couples to consolidate their debt to have. Anna Helhoski writes for NerdWallet.