Account Recovery

SEPTEMBER 22, 2021

The Consumer Financial Protection Bureau has filed a lawsuit against a software provider for allegedly helping illegal credit repair businesses break federal law and seeks relief for consumers who have been harmed, an injunction to stop what they have allegedly been doing, civil fines, and returning the money they have made selling their products. A … The post CFPB Sues Software Provider For Encouraging Credit Repair Cos. to Charge Upfront Fees appeared first on AccountsRecovery.net.

246

246

American Profit Recovery

SEPTEMBER 24, 2021

I had worked in debt collections before when I came to American Profit Recovery six years ago, first in collections for vehicle loans, and later for collections in mortgages. I thought I knew what I was getting into—collections is collections, right? BOY was I wrong! Work life at American Profit Recovery is truly a unique atmosphere in so many ways.

Collections 235

Collections Loans 235

Enterprise Recovery

SEPTEMBER 24, 2021

If you’re concerned about receiving timely payments, you might be interested to know that your clients have preferences about receiving your invoices. When you can meet their preferences to increase your cash flow, isn't it worth it? When is the best time to send your client an invoice?

Collections 194

Collections 194

Nerd Wallet

SEPTEMBER 24, 2021

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Anthony & Jhanilka Hartzog Life after paying off $114,151 Just months before the COVID-19 pandemic hit the United States, Anthony and Jhanilka Hartzog paid off the last of their $114,000 in debt. When we first. Amanda Barroso writes for NerdWallet.

137

137

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.

Account Recovery

SEPTEMBER 24, 2021

Once again, the Consumer Financial Protection Bureau has opted not to include anyone from the accounts receivable management industry on its Consumer Advisory Board, despite multiple individuals from the industry who applied for a spot. The CFPB announced the members of four committees — the Consumer Advisory Board, the Community Bank Advisory Council, the Credit … The post CFPB Names New Members to Advisory Board — None from ARM Industry, Again appeared first on AccountsRecove

Accounts Receivables Management 246

Accounts Receivables Management Banks 246

Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. To a standard person, it may appear that contacting a debtor either way (traditional or electronic) is the same, a contact made is a contact made regardless of the medium. right?

Collections 130

Collections Collection Agencies Collections Agency Debtor 130

Nerd Wallet

SEPTEMBER 22, 2021

Would you like to pay $2 a gallon — or a lot less — for gas? If you drove an electric car, that’s the equivalent of what you would pay for the electricity to charge the battery. That estimate comes from Southern California Edison, the power company that supplies some of the electricity I use. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

Loans 132

Loans 132

Account Recovery

SEPTEMBER 20, 2021

Student loan debt is keeping a lot of people from accomplishing their financial objectives, according to a report released by the National Association of Realtors, including buying a home, taking a vacation, and starting a family, while also forcing more individuals to take second jobs or work where they are not happy to be able … The post Student Loan Debt Holding Individuals Back: Report appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Loans 246

Consumer Finance

SEPTEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses.

127

127

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.

UK debt collections

SEPTEMBER 21, 2021

As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes are withdrawn, according to research by Euler Hermes. State support softened the blow of the Covid-19 shock in 2020, reducing the number of fragile SMEs by more than 8,000 in Germany, France and the UK, according to the company’s research.

Manufacturing 23

Manufacturing Construction Government Bankruptcy 23

Nerd Wallet

SEPTEMBER 21, 2021

About half of Americans have deliberately shopped more at small and locally owned businesses during the pandemic, and many have rallied especially hard around small businesses with four particular characteristics, according to a new NerdWallet survey. The survey of over 2,000 U.S. adults found that 51% of Americans made a dedicated effort to shop at.

116

116

Account Recovery

SEPTEMBER 21, 2021

A hearing was held yesterday before the Massachusetts state legislature on a bill that would require companies calling individuals in that state and using a Caller ID number displaying a Massachusetts area code to have a physical presence in the state or face fines of up to $10,000 per call. The bill, H.312, was introduced … The post Mass. Leg.

246

246

Collect More

SEPTEMBER 23, 2021

“The telephone is your best friend! Don’t be scared of the phone”!!! I really wish I could shout this constantly from the rooftops to every business owner in this country. The amount of people who are petrified of calling their overdue customer is crazy. Just yesterday I received an email from someone owed $210 admitting they “were too chicken to call so I just email” This really does break my heart and I shudder to think of the hundreds of millions and millions of

Debt collector 100

Debt collector 100

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.

Collections Law

SEPTEMBER 24, 2021

If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The truth is, you have many tools available to you under Massachusetts law. The experienced commercial collections attorneys at the Law Offices of Alan M. Cohen LLC know how to choose the right tools for the job. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need.

Collections 98

Collections Debtor Commercial Collection Judgment 98

Nerd Wallet

SEPTEMBER 24, 2021

The pandemic isn’t crushing the entrepreneurial spirit. It’s fueling it. People normally tied to a desk or working double shifts used lockdown to launch side hustles, often out of necessity. And some have turned those side gigs into full-fledged businesses. According to the U.S. Census Bureau, 427,842 new business applications were filed in August 2021.

106

106

Account Recovery

SEPTEMBER 21, 2021

When the federal government declares the COVID-19 public health emergency to finally be over, as many as 15 million individuals could lose their health insurance coverage through Medicaid, according to a new study, which would likely result in a lot more medical debt to be collected for the accounts receivable management industry. Enrollment in Medicaid … The post 15M Could Lose Medicaid Coverage When Pandemic Ends: Study appeared first on AccountsRecovery.net.

Accounts Receivables Management 245

Accounts Receivables Management Government Collections Healthcare 245

Prosperity Now

SEPTEMBER 23, 2021

Supporting CDFIs Led by and Serving Black Communities In 2020 Prosperity Now made a strategic decision to reenergize our focus

98

98

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!

Fico Collections

SEPTEMBER 24, 2021

Do FICO Scores Consider Telco and Utility Data? The unequivocal answer is yes! FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. credit bureaus : Equifax, Experian and TransUnion. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989.

Credit Bureau 96

Credit Bureau Lender Consumer Credit Loans 96

Nerd Wallet

SEPTEMBER 20, 2021

Are your kids begging for a trampoline? You’re not alone. Hundreds of thousands of backyard trampolines are sold in the U.S. every year, much to the delight of aspiring young acrobats across the country. But trampolines can also pose a risk to those young acrobats. Over 100,000 people — more than 90% of whom are. Doug Sibor writes for NerdWallet. Email: dsibor@nerdwallet.com.

105

105

Account Recovery

SEPTEMBER 23, 2021

Starting today, individuals who owe the Internal Revenue Service for unpaid taxes may be contacted by one of three private collection agencies, after the IRS announced it had awarded contracts to the companies. The three companies receiving contracts are: CBE Group, Coast Professional, and ConServe. CBE and ConServe previously received contracts from the IRS.

Collections 245

Collections Collection Agencies Collections Agency 245

Consumer Finance

SEPTEMBER 21, 2021

CFPB Acting Director Dave Uejio today announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends.

Credit Unions 87

Credit Unions Credit Unions Banks 87

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.

PDC Flow

SEPTEMBER 21, 2021

Digital debt collection, while not a new idea, has been difficult for many to implement compliantly in the past. Now, through Regulation F and the emergence of new technologies, the debt collection industry is finally beginning to see a digital transformation. Agency operating models have begun to include more digital tools and the future of debt collection is likely to bring even more exciting changes.

Collections 83

Collections 83

Nerd Wallet

SEPTEMBER 23, 2021

Today’s housing market is hostile to home buyers because not enough homes are for sale. Would-be buyers find themselves in bidding wars and competing against cash offers. Someday the path to homeownership will be less arduous. Here are signs that will help you detect when the homebuying process is becoming less intimidating: When homes receive. Holden Lewis writes for NerdWallet.

105

105

Account Recovery

SEPTEMBER 21, 2021

JUDGE DISMISSES FDCPA SUIT FOR LACK OF SUBJECT MATTER JURISDICTION A District Court judge in Indiana has dismissed a Fair Debt Collection Practices Act case for lack of subject-matter jurisdiction, ruling the plaintiff lacked standing on any of the claims he made because he did not allege sufficient concrete injuries to move forward with his … The post Daily Digest – September 21.

Fair Debt Collection 245

Fair Debt Collection Collections 245

Public Citizen

SEPTEMBER 23, 2021

Daniel Wilf-Townsend of Chicago has written Assembly-Line Plaintiffs, Forthcoming in the Harvard Law Review. Here is the abstract: Around the country, state courts are being flooded with the claims of massive repeat filers. These large corporate plaintiffs leverage economies of scale to bring tremendous quantities of low-value claims against largely unrepresented individual defendants.

Collections 81

Collections 81

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