Sat.Apr 03, 2021 - Fri.Apr 09, 2021

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How COVID-19 Has Changed Patient Collections

Credit Management Company

Budgets are tight for both patients and healthcare organizations. For patients, pandemic-related job loss created financial instability. The latest figures released by the Bureau of Labor Statistics show the continued financial impact of the pandemic. As of the beginning of March 2021, the unemployment rate is at 6.2 percent and the number of unemployed individuals is at 10 million.

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CFPB Proposes Delay in Enactment of Debt Collection Rule

Account Recovery

The Consumer Financial Protection Bureau today announced it is issuing a Notice of Proposed Rulemaking aimed at delaying the effective date of Regulation F, its debt collection rule, until January 29, 2022. The rule was scheduled to go into effect on November 30, 2021. The rule was issued in two parts, back in October and … The post CFPB Proposes Delay in Enactment of Debt Collection Rule appeared first on AccountsRecovery.net.

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Why People Resist Bankruptcy

Sawin & Shea

Bankruptcy is a smart, legal, and effective way to wipe out a mountain of old debts. Yet, it still has a stigma that makes many people avoid it. There are many reasons why people resist bankruptcy, but some are based on fiction rather than facts. Maybe you’re avoiding bankruptcy merely because of a mistaken impression about it, so let’s clear things up.

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Debt collection ensures proper access to consumer credit

American Profit Recovery

The debt collection industry is a necessary component of the US economy. Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Without third-party assistance to secure back payments, many organizations would struggle on several levels. While many consumers are not thrilled to be on the receiving end of a communication for late payment, what is important to understand is that completing

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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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Are Your Client Payments Still Affected by the COVID-19 Pandemic?

Enterprise Recovery

Over the course of 2020, businesses had to make adjustments to survive. For some, it was a matter of moving employees to remote work or pivoting to a new business strategy. For others, the effect of COVID-19 meant halting plans, shutting down, or laying off employees. Manufacturers were unable to move products due to global supply chain challenges and small-to-medium businesses faced delayed payments.

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CFPB Proposes Mortgage Servicing Changes to Prevent Wave of COVID-19 Foreclosures

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire.

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These 3 tips will help your business get paid faster

American Profit Recovery

Every business wants to get paid faster. In fact, a business or medical practice NEEDS to get paid sooner. Late payments can do all types of damage to a business. It hurts cash flow, delays your own payments on bills, and costs you money in the long run. Late-paying customers can create untold amounts of stress on a business and can even cause those consumers to go elsewhere because they have not paid you.

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Can I Deduct Medicare Costs on My Income Tax?

Nerd Wallet

If you itemize deductions on your income taxes, Medicare costs, such as premiums and copayments, may be deductible. Your unreimbursed medical and dental expenses, including premiums, deductibles, copayments and other Medicare expenses, may be deductible to the extent that they exceed 7.5% of your adjusted gross income. Premiums for Medicare Part B and Part D.

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Bill Introduced to Forgive Student Loan Debts for Frontline Healthcare Workers

Account Recovery

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. The bill, H.R. 2418, called the Student Loan Forgiveness for Frontline Health Workers Act, was introduced yesterday by Rep. Carolyn Maloney [D-N.Y.]. The bill includes 23 cosponsors, all of them Democrats.

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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 Live a Great Yet Frugal Life

Credit Corp

This post originally appeared on Arrest Your Debt and has been republished with permission. Often, the word frugal is associated with negativity. Although a frugal life seems like a lot of sacrifices, it doesn’t have to be. Living a frugal life should add value to your life. So, What’s a Frugal Lifestyle? This is where you get deliberate with your spending habits.

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Debt Collection in the Pandemic: Compassion Is Critical to Success

Fico Collections

The economic and financial fall-out following the turbulence of the past 12 months has highlighted the critical need for agility, flexibility and adaptability in unprecedented times. This is particularly true for managing debt collection in the pandemic. It’s clear that being slow to react or tone-deaf to customers facing financial difficulty by delivering impersonal or threatening collections messages — while lacking the flexibility to find collaborative ways to solve your customers challenges

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How to Start an Ecommerce Business: A Step-by-Step Guide

Nerd Wallet

Much like starting any business, learning how to start an ecommerce business isn’t always easy—nevertheless, the goal of setting up, launching, and maintaining sites where entrepreneurs, designers, and creators of all sorts can sell their wares is more attainable now than it ever has been. How to start an ecommerce business in 7 steps Research. Eric Goldschein writes for NerdWallet.

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WSJ Calls Out Collector For Filing More Lawsuits During Pandemic

Account Recovery

The Wall Street Journal has called out a collector for filing more lawsuits during the pandemic than before, saying the firm has “cemented its reputation as a maverick” in the accounts receivable management industry, because most of the company’s competitors filed fewer lawsuits once the pandemic hit. The collector – Sherman Financial Group – filed … The post WSJ Calls Out Collector For Filing More Lawsuits During Pandemic appeared first on AccountsRecovery.ne

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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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The Debt Snowball Method: 6 INTELLIGENT Ways to Get Started

Credit Corp

This post originally appeared on The Financially Independent Millennial and has been republished with permission. Have you stumbled upon numerous methods of eliminating debt ? Perhaps you find yourself wondering how to get out of an out of control debt spiral. If so, the debt snowball method could be a simple way to pay down debt. While there are many ways to do this, the snowball method is one of the very best and easiest methods to implement.

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Five Key Construction Contract Terms That Every Building Owner Needs to Negotiate

Jimerson Firm

When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Oftentimes, a building owner may simply accept the contract terms provided by the contractor, without realizing how critical the contract terms can be to the outcome of the project.

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Why Your Dog Needs Liability Insurance Even if She’s Perfect

Nerd Wallet

My dog Maisie is an angel. The most vicious she gets is when she decides it’s time to attack her bacon ball. Her greatest foe is the doorbell. But just in case a human hand happens to get entangled with the bacon ball mid-chomp or her howls at the door scare someone off the steps. Doug Sibor writes for NerdWallet. Email: dsibor@nerdwallet.com. The article Why Your Dog Needs Liability Insurance Even if She’s Perfect originally appeared on NerdWallet.

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Compliance Digest – April 5

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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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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Prosperity Now is helping take Baby Bonds to the next level – the States

Prosperity Now

Leaders in Congress have signaled that now is the time to look beyond recovery toward large-scale progressive policies like the

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How to Protect Yourself from Utility Bill Increases

Credit Corp

Utility bills are an inescapable part of modern life. Before COVID-19 , heating, cooling, lighting, cooking, electronic gadgets and other mod cons cost average American families $115 per month. Then people began working from home during the pandemic, their energy bills rose accordingly. So, how can you protect yourself from utility bill increases in an ever-shifting world?

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NerdWallet’s Best Metal Credit Cards

Nerd Wallet

You’re out to dinner with friends when the bill arrives. “Let me get that,” you say as you toss your metal credit card onto the table, where it lands with a satisfying thud. You’re not one of the plastic masses. You possess the elegance, confidence and possibly even the shoulder pads of one of those. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Daily Digest – April 9. Judge Partially Grants MTD in Class-Action; Bill Introduced to Forgive Healthcare Workers’ Student Loans

Account Recovery

JUDGE PARTIALLY GRANTS MTD IN FDCPA CLASS-ACTION, CALLS OUT COLLECTORS FOR NOT BEING CLEAR ENOUGH IN LETTERS A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing … The post Daily Digest – April 9.

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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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CFPB Takes Action Against Debt Collector And Its Owner For Falsely Threatening Consumers with Legal Action

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today issued a consent order against a debt collector and its owner for harassing thousands of consumers, falsely threatening them with legal action. The CFPB found that Yorba Capital Management, LLC (Yorba) and its former owner, Daniel Portilla, Jr., violated the Consumer Financial Protection Act of 2010 (CFPA) and that Yorba violated the Fair Debt Collection Practices Act (FDCPA).

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ExtraCredit by Credit.com–Try It Free for 30 Days

Credit Corp

Credit.com is offering a free 30-day trial of ExtraCredit. If you’re in the market for a financial tool that goes above and beyond traditional free credit monitoring, this might be the chance you’ve been waiting for. What Is ExtraCredit? ExtraCredit is the most comprehensive credit monitoring tool out there. Many credit monitoring tools make it possible for you to get a good look at your reports on the regular, and some may offer informational credit scores that update every week or

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The Robinhood IPO: What to Know

Nerd Wallet

Robinhood, the stock-trading app that became a household name and media mainstay in 2020, is going public in 2021 after years of speculation. And adding to the buzz, the IPO is coming at a time when the company is confronting a convergence of record user growth, public outcry and regulatory scrutiny, which will likely assure. Chris Davis writes for NerdWallet.

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Judge Partially Grants MTD in FDCPA Class-Action, Calls Out Collectors For Not Being Clear Enough in Letters

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing his displeasure at how collectors have induced “endless litigation” because of how they choose to word the … The post Judge Partially Grants MTD in FDCPA Class-Action, Calls Out Collectors For Not Being Clear Enough in Letters appeared first on AccountsR

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Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv