Sat.Feb 19, 2022 - Fri.Feb 25, 2022

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How to Protect Your Spending Power From Inflation

Nerd Wallet

Inflation — the rise in consumer prices — is a slow erosion of your money over time. Before 2021, the United States hadn’t seen annual core inflation much above 3% for the better part of 25 years, says Michael Ashton, managing principal of Enduring Investments, a consulting and investing firm in Morristown, New Jersey. So. Hal M. Bundrick, CFP® writes for NerdWallet.

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Pursuing a debt after a fraudulent conveyance

Collections Law

When a company that owes you money tries to hide its assets, it can be quite frustrating. You should know that you have options for locating and collecting that money. At Law Offices of Alan M. Cohen LLC, our attorneys have nearly 50 years of combined legal experience peeling back the layers of a company’s transactions to find fraudulent conveyances that reveal a debtor’s hidden assets.

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Common Myths About Using a Collection Agency

Credit Management Company

The word debt often fills people with anxiety, and not without reason. The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts.

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Wash. AG Sues Hospitals Over ‘Aggressive’ Collection Efforts

Account Recovery

The Attorney General of Washington has filed a lawsuit against a hospital network for failing to ensure that certain patients were legally eligible for charity care and “aggressively” collecting $70 million from those individuals. The complaint was filed against Swedish Health Services and Providence Health & Services-Washington and accuses them of violating state law in … The post Wash.

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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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What our debt collection team wants you to know

American Profit Recovery

We have assembled a fantastic group of professionals here and we believe we have some of the best debt collectors in the country. And it didn’t happen by accident. We have been able to put together this team for several reasons and because of this, both the businesses we serve and the consumers we speak with every day benefit from this well-trained and dedicated team.

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Survey: Consumers Talk Financial Regrets, Credit Scores and Debt

True Accord

Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research. A survey of 2,000 general population Americans examined how they tackle their financial hurdles and found the average person owes $3,083 to credit card debt. Many respondents shared their financial regrets over the years, from not setting up a retirement plan when they were younger (51%), to not paying close attention to their cr

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Daily Digest – February 25. Judge Grants MSJ for Defendant in TCPA ATDS Case; Plaintiff Accuses Collector of Requiring Reason for Dispute

Account Recovery

JUDGE GRANTS MSJ FOR DEFENDANT IN TCPA ATDS CASE A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid … The post Daily Digest – February 25.

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Building Back Better Without Housing is Not Racial Justice

Prosperity Now

The House-passed version of the Build Back Better Act , an expansive and ambitious piece of legislation aimed at shoring

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Money Red Flags Can Make or Break a Couple

Nerd Wallet

When it comes to money and relationships, we’re all a bit like Goldilocks — this ex spent too much, this ex was too cheap. It can be a long, difficult search for someone who is just right. Even in a long-term relationship, you can be unpleasantly surprised by someone you thought you knew well. Carla. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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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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Consumer Financial Protection Bureau Outlines Options To Prevent Algorithmic Bias In Home Valuations

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.

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Judge Grants MTD in FDCPA Class Action Over Settlement Offer in Letter

Account Recovery

I think I’m probably not the only person in the world, who, when wandering around a store and coming across an item without a price tag, makes a comment about how said item must be free. We all know that just because there is no price tag, the item isn’t free, but I guess some … The post Judge Grants MTD in FDCPA Class Action Over Settlement Offer in Letter appeared first on AccountsRecovery.net.

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Effect of Inflation on Unpaid Bills and Debt Recovery Rate

Nexa Collect

Inflation translates to higher accounts receivable and unpaid bills. Wage growth does not keep up with rising prices for most people. Whenever there is a spike in inflation, interest rates rise. This translates to higher delinquencies for credit card bills and more people unable to pay their mortgage. People divert their finances towards more necessary expenses like food and rent over other bills obligated to pay, but feel they can be deferred.

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Why Puerto Rico Is the Ultimate Travel Destination This Year

Nerd Wallet

If you’re into nature, history or gastro tourism, Puerto Rico provides a number of appealing reasons to visit any year. However, 2022 is shaping up to be an especially good time to travel there — and there’s one big reason why: It’s the most vaccinated place in the U.S. As of February 2022, 81.1% of. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Fraud Scams Skyrocket, But People Worry More About Pickpockets

Fico Collections

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.

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Summarizing Yesterday’s Hunstein Hearing

Account Recovery

Now, the waiting begins. The entire panel of judges on the Eleventh Circuit Court of Appeals heard oral arguments yesterday in Hunstein v. Preferred Collection & Management Services, the latest legal skirmish in a case that has been the most closely watched and scrutinized Fair Debt Collection Practices Act lawsuit in years. If you have … The post Summarizing Yesterday’s Hunstein Hearing appeared first on AccountsRecovery.net.

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Best Practice Guide: Collaborating with law firms effectively across the portfolio management lifecycle

Qualco

By George Fertakis. Collaboration with law firms and Debt Collection Agencies (DCAs) is an integral part of modern collections and recoveries practices. Not only at the stage of the legal action where the involvement of legal professionals is necessary, but also at the earlier, amicable collections stages. Involving law firms across the debt management lifecycle.

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3 Business Loan Application Mistakes and How to Avoid Them

Nerd Wallet

Access to affordable capital is essential to running a small business. Still, the process of applying for a business loan can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not. Randa Kriss writes for 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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Dealing with Debt Collectors

Debt Free Colorado

Debt Relief Attorney Serving Colorado. Bankruptcy may appear to be a scary process, but it does not have to be. Dray Legal Office’s attorneys will endeavor to help you obtain a fresh start by eliminating debt and reorganizing your finances. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation.

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Plaintiff Accuses Collector of Requiring Reason for Dispute in FDCPA Class Action

Account Recovery

A class-action complaint has been filed in federal court in Florida accusing a collector of violating the Fair Debt Collection Practices Act by requiring that the plaintiff include a reason why a debt was being disputed when disputing a debt during a phone call with a representative of the defendant. A copy of the complaint … The post Plaintiff Accuses Collector of Requiring Reason for Dispute in FDCPA Class Action appeared first on AccountsRecovery.net.

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Debt Collectors being chased by their former Debt Collectors

UK debt collections

Debt Collectors and Bailiffs Steve Pinner and Paul Bohill earned fame across the UK featuring on Channel five’s Can’t Pay? We’ll Take It Away. Now they no longer work for DCBL (Direct Collections Bailiffs Ltd) that featured on the programme and are chasing their former employers for £200,000. The pair have issued a claim in London’s high court claiming that their former bosses owe them nearly a quarter of a million pounds according to reports in National Newspapers such as the Mirror

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The Homeowner Assistance Fund: How It Works and How to Apply

Nerd Wallet

In 2021, the American Rescue Plan Act set aside nearly $10 billion to provide direct relief to homeowners struggling with finances because of the COVID-19 pandemic. Known as the Homeowner Assistance Fund, or HAF, this money would be split among U.S. states, territories and tribal governments, with each creating its own program for distributing the. Kate Wood 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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Fourth Circuit Clarifies What Constitutes a QWR Under RESPA

Troutman Sanders

On February 22, the Fourth Circuit clarified in a published opinion what communications constitute a qualified written request (QWR) under the Real Estate Settlement Procedures Act (RESPA). The Fourth Circuit held that “where a written correspondence to a loan servicer provides sufficient information to identify the account and an alleged servicing error, such correspondence is a QWR for the purpose of RESPA and Regulation X.”.

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Judge Grants MSJ for Defendant in TCPA ATDS Case

Account Recovery

A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid debt after he had revoked consent to be contacted. … The post Judge Grants MSJ for Defendant in TCPA ATDS Case appeared first on AccountsRecovery.net.

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NY Times: Navient settlement with the states does not help borrowers who are not in default

Public Citizen

Here. Excerpt: After years of struggling to make payments that hardly put a dent in the loans she took out to attend a now defunct arts school, Victoria Linssen saw a glimmer of hope. A deal last month between 39 states and Navient, a student lending giant accused of unfairly ensnaring borrowers like her, would  wipe away $1.7 billion in private student loans.

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What’s the Value of AmEx Membership Rewards Points? 

Nerd Wallet

Flexible travel rewards like American Express Membership Rewards points are, effectively, a currency. So understanding the relative value of these points is an important consideration when earning or spending them. So how much are AmEx points worth? Based on our analysis, the current AmEx points value is between 1 cent when used to book travel. Sam Kemmis writes for NerdWallet.

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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