Sat.Aug 28, 2021 - Fri.Sep 03, 2021

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D.C. Mayor Signs Collection Bill Into Law

Account Recovery

Muriel Bowser, the Mayor of Washington, D.C., has signed into law a bill that overhauls how debts can be collected in the nation’s capital for 225 days starting later this month, while the authors of the legislation work on permanent changes. This information was first reported by ACA International. A copy of the law is … The post D.C. Mayor Signs Collection Bill Into Law appeared first on AccountsRecovery.net.

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How to Respond to Delinquent Customer Excuses for Late Payments

Enterprise Recovery

When your customer accounts become delinquent, they may have a number of reasons for not paying on time. Some of these excuses may be perfectly reasonable and others, not so much. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Here's how to respond to delinquent customer excuses for late payments.

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How Video Games Can Level Up Kids’ Money Skills

Nerd Wallet

Every few days, my 8-year-old son, Neal, asks if he can “earn something” on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment. While I usually decline these requests, his persistence made me wonder. Kimberly Palmer writes for NerdWallet.

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Why the CTC and Baby Bonds are Smart Investments in our Children

Prosperity Now

Congress, the American public, and even national news outlets continue to uplift the powerful impact that the expanded Child Tax

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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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Conn. Regulator Fines Collector For Collecting Interest on One Account

Account Recovery

The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry. Resurgent Capital Services has agreed to pay a fine of $2,500 without … The post Conn.

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Tired of Your Big Bank? Consider These 4 Alternatives

Nerd Wallet

Checking account fees, minimal savings rates, impersonal customer support. The reasons you might choose to leave a big national bank vary, but where you go next might be a harder decision. Many of the biggest U.S. banks share many of the same benefits, including large networks of bank-owned branches and ATMs and robust mobile apps. Spencer Tierney writes for NerdWallet.

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Ensuring Regulatory Compliance While Future-Proofing Your Collections Strategy

True Accord

Ensuring regulatory compliance in debt collection is a high stakes and increasingly complex process. As we know, the industry is constantly evolving and collections strategies must adapt. At the end of July, the Consumer Financial Protection Bureau (CFPB) announced that the final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on November 30.

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Judge Grants MTD Over Offer of More Credit in Collection Letter

Account Recovery

Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals. What happens when a creditor wants to make an offer as a means of trying to get an individual to repay a debt? … A … The post Judge Grants MTD Over Offer of More Credit in Collection Letter appeared first on AccountsRecovery.net.

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Cybersecurity Panel: Protecting Your Business from a Ransomware Attack

Jimerson Firm

In preparing to protect your business from a ransomware attack, who is the best person to consult? A CEO and expert from a leading information technology company? A cyber insurance specialist who understands ransomware coverages for businesses? An investigator from the Florida Bureau of Criminal Investigations and Intelligence who investigates all reported ransomware crimes in North Florida?

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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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Where to Turn When a Natural Disaster Upends Your Finances

Nerd Wallet

Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. Deal with immediate needs first First things first: Contact the. NerdWallet writes for NerdWallet.

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Alabama District Court Dismisses FCRA Claim Based on Alleged Failure to Remove Dispute Notation

Burr Forman

The U.S. District Court for the Middle District of Alabama joined a growing number of courts dismissing FCRA claims based upon a furnisher’s alleged failure to remove an “account in dispute” notation from consumer credit reports. In Griffin v. Experian Information Solutions, Inc. , No. 1:20-cv-801-RAH-SMD, 2021 WL 3782141 (M.D. Ala. Aug. 26, 2021), the plaintiff had four accounts that were marked as “in dispute.

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California Legislature Passes Debt Collection Assignment Notification Bill

Account Recovery

The California legislature has approved SB 531, a measure that will require collectors to have proof they have authority to collect a debt prior to doing so, and gives consumers the right to request that proof and other basic information about the debt. The bill now heads to the desk of California Gov. Gavin Newsom … The post California Legislature Passes Debt Collection Assignment Notification Bill appeared first on AccountsRecovery.net.

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CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.

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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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5 Ways Women Can Combat Investing Disadvantages

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Women are paid less than men and are more likely to leave the workforce to take care of loved ones, both of which negatively impact the amount of money they.

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Dealing with Debt Collection in France

UK debt collections

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. Contracting out your debt collection affairs to a French third-party Agency will reinforce your chances at recovering your unpaid by limiting the potential for miscommunic

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Getting to Know Michael Zomcik of Rent Recovery Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Michael Zomcik o

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Real Estate Investment Trusts (REIT): How Many Jobs Are Available?

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. In the US, REIT stands for Real Estate Investment Trusts. The real estate industry is booming, which is great news for real estate investment trusts as they grow further. Anyone seeking a career opportunity with a REIT company can enjoy hearing the news that there are plenty of jobs available.

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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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The Best Hotels That Allow Pets

Nerd Wallet

Are you the proud parent of a pandemic puppy or a quarantine kitty? Or maybe you’re a long-time pet owner. Taking your pet along on vacation will not only avoid pricey pet boarding, but can also ensure you don’t miss a day with your furry friend. But there’s a hard truth to swallow when traveling. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Remarks of Acting Director Dave Uejio at the Press Call on the Small Business Lending Proposed Rule

Consumer Finance

Acting Director Dave Uejio remarks at the press call on the small business lending proposed rule.

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Daily Digest – September 2. Getting to Know Michael Zomcik of Rent Recovery Solutions; Calif. Passes Debt Collection Assignment Notification Bill

Account Recovery

GETTING TO KNOW MICHAEL ZOMCIK OF RENT RECOVERY SOLUTIONS Michael Zomcik is one of those rare finds that you don’t often see out in the wild of the accounts receivable management industry — a newbie. Six months into his stint in the ARM industry, Michael is busy trying to soak up as much knowledge as … The post Daily Digest – September 2.

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Can a Debt Collector Collect After 10 Years?

Credit Corp

Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. But how long can someone chase you for money you might owe? Can a debt collector collect after 10 years, for example?

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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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4 New Rules for Entrepreneurs in 2021

Nerd Wallet

The last 18 months can understandably make it seem like now is a terrible time to start a business. But for some entrepreneurs, the steps for starting a business are still the same — it’s just the rules that have changed. Two small-business pros explain how COVID-19 has rewritten four basic tenets of starting a. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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30 Yr VS 15 Yr Mortgage Comparison: Which is Better?

Better Credit Blog

When it comes to the length of your mortgage, there is a fair amount of flexibility regarding term lengths, depending on which company you go with. By and large, 30-year terms and 15-year terms remain perennial favorites. But which mortgage term is the right one for you and your household? Well, that depends on your situation and financial goals. One of the most appealing aspects of a longer-term mortgage is that monthly payments tend to be lower, which makes it a more affordable option for many

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Top Maryland Court Overturns Lower Court Ruling on State Collection Law

Account Recovery

The Maryland Court of Appeals — the top court in the state — has broadly interpreted a state debt collection law allowing plaintiffs to accuse collectors of violating one of the law’s provisions in instances where the collector attempts to collect amounts that “the debt collector, to its knowledge, does not have the right to … The post Top Maryland Court Overturns Lower Court Ruling on State Collection Law appeared first on AccountsRecovery.net.

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The Link between Health and Financial Wealth

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. Are you taking care of yourself physically? The link between physical health and success in this world is a strong one. With increased physical health comes more clarity and a sharper focus in your daily activities. As you know, taking care of your finances can be a difficult activity.

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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