Sat.Mar 04, 2023 - Fri.Mar 10, 2023

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Complaint Accuses Collector of Debt Parking

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 Complaint Accuses Collector of Debt Parking first appeared on AccountsRecovery.net.

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10 Reasons Why You Should Sign Up for Credit Repair Today

Credit Corp

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Your credit score is one of the most important numbers you have. A high score can open doors for you and increase your chances of obtaining the things you want. However, a low credit score can make it nearly impossible for you to secure a loan.

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Smart Money: How to Leverage Inflation for Your Benefit

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: How to Leverage Inflation for Your Benefit originally appeared on NerdWallet.

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Getting to Know Nina Cunningham of Illinois Collections

Account Recovery

One of the great benefits in publishing these profiles week after week is the chance to shine a spotlight on people whose contributions to the industry help keep moving it forward but who maybe haven’t risen to a level of prominence … yet. Nina Cunningham, who has owned her own collection industry for the past … The post Getting to Know Nina Cunningham of Illinois Collections first appeared on AccountsRecovery.net.

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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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Tired of wasting money on collection agencies for your business debt?

Collections Law

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. That’s no way to get paid. At the Law Offices of Alan M. Cohen LLC, we don’t just take the next step and get a judgment. We take all the steps until either you get paid or no one could get you paid.

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CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.

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Collection Law Firm Ordered to Pay Full Restitution After No Contest Plea

Account Recovery

The collection law firm in Michigan charged with conducting a criminal enterprise yesterday pleaded no contest to a charge of maintaining a criminal enterprise during a pretrial hearing and was sentenced to full restitution to the individuals who were improperly garnished and had not yet been repaid because three attorneys at the firm allegedly forged … The post Collection Law Firm Ordered to Pay Full Restitution After No Contest Plea first appeared on AccountsRecovery.net.

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Pandemic at 3 Years: How Our Financial Lives Have Changed

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Pandemic at 3 Years: How Our Financial Lives Have Changed originally appeared on NerdWallet.

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Utility Debt has Doubled Since the Pandemic – Here’s What Companies Can Do

True Accord

More than 20 million US households are behind on their utility bills, according to the National Energy Assistance Directors Association (NEADA), which described it as the worst crisis it has ever documented. Delinquencies are rising across all industries, but utility debt specifically has doubled from pre-pandemic levels, and as moratoriums ended customers faced the onslaught of unpaid bills.

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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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Start Building Credit Before You Turn 18

Credit Corp

Quick Answer: You need to be 18 to open your own credit card, but that doesn’t mean you have to wait until then to start building your credit. It’s never too early to start building credit. In fact, if you start building credit before you turn 18, you hit adulthood a step ahead of most people. With a positive credit history, you’re more likely to be approved for loans, credit cards or a lease on an apartment.

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Details About Visa’s New Rule for Collection Agencies and Repaying Debts

Account Recovery

Visa is planning on introducing a new Merchant Category Code for debt collection agencies and imposing new rules for entities collecting debts or overdue receivables on behalf of another entity, but it’s still not entirely clear if the new code will be applied retroactively or only new new merchant applications. A copy of the bulletin … The post Details About Visa’s New Rule for Collection Agencies and Repaying Debts first appeared on AccountsRecovery.net.

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Prices, Selection Improve for First-Time Home Buyers in Q4

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Prices, Selection Improve for First-Time Home Buyers in Q4 originally appeared on NerdWallet.

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CFPB and NLRB Announce Information Sharing Agreement to Protect American Consumers and Workers from Illegal Practices

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) today signed an information sharing agreement, creating a formal partnership between the two agencies to better protect American families and to address practices that harm workers in the “gig economy” and other labor markets.

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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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How to Build Credit With No Credit History

Credit Corp

Quick answer: You can try joining a credit union, signing up for a starter credit card, getting a credit card through your current bank, applying for a secured credit card, becoming an authorized user on another person’s account or taking out a credit builder loan. Make sure to check your credit score and credit report for a complete picture of your current credit.

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Daily Digest – March 10. Complaint Accuses Collector of Debt Parking; Details About Visa’s New Rules for Collection Agencies

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF DEBT PARKING We haven’t seen a lot of these types of lawsuits, even though people expected to see a lot of them filed after Regulation F went into effect. A plaintiff is accusing a collection operation of violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act by … The post Daily Digest – March 10.

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3 Common Banking Scams and How to Avoid Them

Nerd Wallet

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article 3 Common Banking Scams and How to Avoid Them originally appeared on NerdWallet.

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Legal Motor Vehicle Claim Recovery with Debt Recoveries Australia

Debt Recoveries

The recovery of vehicle repairs and associated costs as a result of an accident is one of the many arms of insurance claims recovery that Debt Recoveries Australia. These costs could include towing, salvage, assessment fees, loss of use and car rental costs. Many people are unaware that if they are at fault in a car accident, they may be entitled to make a claim against the at-fault party or their insurer for more than just the damage to their vehicle, including the cost of a temporary replaceme

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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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What Is the Worst Credit Score You Can Have?

Credit Corp

When it comes to credit reports, the worst credit score you can possibly have is 300, and the highest score you can have is 850. According to Experian, one of the three leading credit bureaus, the average credit score in the United States is 714. No matter where on the credit score meter you rate, it’s important to understand if potential lenders and creditors view your score as poor, fair, good, very good, or excellent.

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Judge Denies Plaintiff’s Motion for Fees in FDCPA Case Removed and then Remanded Back to State Court

Account Recovery

We have seen defendants get taken to the woodshed for removing cases filed in state court to federal court, only then to file motions to dismiss, arguing the plaintiffs lack standing. But, much like a plaintiff needing to show a concrete injury in order to show he or she has standing, if a defendant attempts … The post Judge Denies Plaintiff’s Motion for Fees in FDCPA Case Removed and then Remanded Back to State Court first appeared on AccountsRecovery.net.

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January Rent Data: 64% of U.S. Cities Fail the Affordability Test

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article January Rent Data: 64% of U.S. Cities Fail the Affordability Test originally appeared on NerdWallet.

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5 Common Bankruptcy Myths and the Truth Behind Them

Debt Free Colorado

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family. Despite the fact that the word “bankruptcy” can be unsettling, it’s a good thing that this popular misconception is untrue.

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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 Much Does the Average Family Have in Savings?

Credit Corp

The amount of money you should have in savings depends on your specific situation and on a variety of factors, such as your age. For example, a worker in their 20s who’s not married or has no children has very different financial needs than a worker in their 30s or 40s with a family and a house. Most financial experts agree that individuals should have at least 6 to 12 months of savings in their account to serve as a safety net in the event of an emergency.

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CFPB, NLRB to Share Information; Will be Focusing on Employer-Driven Debt

Account Recovery

The Consumer Financial Protection Bureau and the National Labor Relations Board have signed an information-sharing agreement as a means of protecting consumers from employer-driven debt, which is often “pursued” by third-party collectors, among other priorities. A copy of the Memorandum of Understanding between the two federal agencies can be accessed by clicking here.

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10 ETFs With the Highest Exposure to Silicon Valley Bank

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article 10 ETFs With the Highest Exposure to Silicon Valley Bank originally appeared on NerdWallet.

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Different Laws, Different Rules Commercial vs Consumer Debt Collection in New York

FFGN COLLECT NY

Debt collection is an essential service, especially in situations where your client doesn’t pay in advance. Most, if not all, businesses will utilize a debt collection service to pursue payment owed by individuals or businesses. In New York, there are differences between commercial vs consumer debt. This article will explain the differences between the two as well and highlight some of the different rules that apply to collecting both New York commercial and consumer debt.

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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