Fri.Mar 17, 2023

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FDCPA Class Action Filed Over Whether Attorney was Acting as Collection Agency

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 FDCPA Class Action Filed Over Whether Attorney was Acting as Collection Agency first appeared on AccountsRecovery.net.

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Using the SBA 7(a) Loan as a Business Acquisition Loan

Nerd Wallet

Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article Using the SBA 7(a) Loan as a Business Acquisition Loan originally appeared on NerdWallet.

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Companies Illegally Collecting on Student Loans Discharged in Bankruptcy: CFPB

Account Recovery

The Consumer Financial Protection Bureau yesterday released a bulletin warning companies to go back and look at money it collected from individuals with student loans to make sure they were not collecting money for loans that had been properly discharged during bankruptcy proceedings, and if it had collected on those loans, to return that money … The post Companies Illegally Collecting on Student Loans Discharged in Bankruptcy: CFPB first appeared on AccountsRecovery.net.

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Optimism Reigns Amid Affordability Challenges

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Optimism Reigns Amid Affordability Challenges 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 Grants MTD in FDCPA Case for Lack of Standing

Account Recovery

Too little, too late, a District Court judge in New York has ruled, granting a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, determining that claims raised by the plaintiff in opposing the motion to dismiss to prove she had standing do not reach the threshold necessary to allow the case to … The post Judge Grants MTD in FDCPA Case for Lack of Standing first appeared on AccountsRecovery.net.

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Report Calls Out Plaintiff’s Attorneys for Mass Arbitration “Shakedown”

Account Recovery

The U.S. Chamber of Commerce’s Institute for Legal Reform has published a report calling out plaintiff’s attorneys for filing hundreds or thousands of similar demands against a defendant in arbitration proceedings that force defendants to settle claims in a form of “blackmail.” A copy of the report can be accessed by clicking here.

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What Is a Bank Run?

Nerd Wallet

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article What Is a Bank Run? originally appeared on NerdWallet.

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Daily Digest – March 17. FDCPA Class Action Filed Over Whether Attorney Was Acting as Collector; Judge Grants MTD in FDCPA Case

Account Recovery

FDCPA CLASS ACTION FILED OVER WHETHER ATTORNEY WAS ACTING AS COLLECTOR Having read a fair number of complaints invoking allegations of the Fair Debt Collection Practices Act, there are a lot of similar points in the collection process where a plaintiff feels that he or she has been wronged. This, however, is the first complaint … The post Daily Digest – March 17.

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2020 Home Improvement Report

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article 2020 Home Improvement Report originally appeared on 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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Florida Joins States Racing to Impose Disclosure Requirements on Small Business Financing Transactions

Troutman Sanders

On March 2, Florida State Representative Doug Bankston introduced HB1353, the Florida Commercial Financing Disclosure Law, that would mandate covered commercial financing companies provide consumer-like disclosures for certain commercial financing transactions. The law would also define and prohibit specific acts by brokers of those transactions, including the collection of advance fees.

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Reverse Mortgage: What It Is, How Seniors Use It

Nerd Wallet

NerdWallet writes for NerdWallet. Email: kspillane@nerdwallet.com. The article Reverse Mortgage: What It Is, How Seniors Use It originally appeared on NerdWallet.

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Massachusetts AG Settles with Home Security Company over Allegedly Unfair Automatic Renewal Contracts, Improper Charges, and Debt Collection Violations

Troutman Sanders

In February, Massachusetts Attorney General Joy Campbell announced a $6.5 million settlement with Safe Home Security, its CEO, and affiliated companies to resolve allegations that their practices violated state consumer protection laws by “trapping Massachusetts consumers in long-term auto renewal contracts” and engaging in illegal debt collection practices, among other activities.

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Millennials and Homebuying: Myths and Reality

Nerd Wallet

NerdWallet writes for NerdWallet. Email: kspillane@nerdwallet.com. The article Millennials and Homebuying: Myths and Reality originally appeared on 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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FTC Orders Small Business Credit Reporting Companies to Disclose Information About Industry

Troutman Sanders

The Federal Trade Commission (FTC) announced that it is launching an inquiry into the small business credit reporting industry. Specifically, it is ordering five firms to provide detailed information about their products and processes. According to the FTC, the impetus for this inquiry is that unlike consumer reports, which are governed by the Fair Credit Reporting Act, there is no federal law that specifically outlines processes and protections for small businesses credit reporting.

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Recent Home Buyers Stretched, Future Hunters Optimistic

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Recent Home Buyers Stretched, Future Hunters Optimistic originally appeared on NerdWallet.

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Learning from Credit Mistakes

NACM

☀ Today's episode of NACM's Extra Credit podcast is all about learning from failure! ? Hear from Eve Sahnow, CCE; Mary Moore, CBA; Amy Cook, CCE; and Kevin Stinner.

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The Best Car Insurance in California for 2023

Nerd Wallet

Drew Gula writes for NerdWallet. Email: dgula@nerdwallet.com. The article The Best Car Insurance in California for 2023 originally appeared on 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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How Your Business Can Find Cash & Stay Resilient in a Crisis

Enterprise Recovery

The recent Silicon Valley Bank crisis sent ripples through the world of small businesses, startups, and venture capital. Thankfully, the crisis was mainly thwarted by getting bailed out and addressed by calls for regulation by the Biden administration. But it set enough investors on edge to recognize that it's not the first crisis to affect businesses, and it certainly won't be the last.

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Home Buyers Still Hopeful, Would-Be Sellers Less So

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Home Buyers Still Hopeful, Would-Be Sellers Less So originally appeared on NerdWallet.

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COVID’s Long-Term Effects on New York Debt Collection 

FFGN COLLECT NY

In order to allow creditors time to file actions that might have gone past the statute of limitations due to the shutdown of the New York courts during the COVID-19 pandemic, the governor issued a series of executive orders that have had long-term effects on New York debt collection litigation. At the onset of the pandemic, Governor Cuomo issued Executive Order 202.8 , which stopped the clock on the statute of limitations on civil cases including debt collection matters until April 19, 2020.

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NerdWallet 2018 Home Buyer Report

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article NerdWallet 2018 Home Buyer Report originally appeared on 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!

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Lead Generation Strategies for Small Businesses and Startups

Nerd Wallet

Brian O'Connor writes for NerdWallet. Email: articles@nerdwallet.com. The article Lead Generation Strategies for Small Businesses and Startups originally appeared on NerdWallet.

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Have a Job and a Side Gig? Watch for These Missteps

Nerd Wallet

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article Have a Job and a Side Gig? Watch for These Missteps originally appeared on NerdWallet.

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Home Buyer Optimism Returns After Harsh 2020

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Home Buyer Optimism Returns After Harsh 2020 originally appeared on NerdWallet.

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5 Reasons to Talk to a Lender Before You Start House-Hunting

Nerd Wallet

Valerie Lai writes for NerdWallet. Email: articles@nerdwallet.com. The article 5 Reasons to Talk to a Lender Before You Start House-Hunting originally appeared on NerdWallet.

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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?