Sat.Aug 15, 2020 - Fri.Aug 21, 2020

article thumbnail

Judge Sides With CFPB in CID Case Against Collection Law Firm

Account Recovery

A District Court judge in New York has sided with the Consumer Financial Protection Bureau and agreed to enforce a Civil Investigative Demand that was sent to a collection law firm, a decision that the law firm’s lawyer has said will be appealed. The CFPB’s case against the Law Office of Crystal Moroney began more … The post Judge Sides With CFPB in CID Case Against Collection Law Firm appeared first on AccountsRecovery.net.

Law Firms 246
article thumbnail

When Good Clients Go Bad: How to Select the Best B2B Collections Agency

Enterprise Recovery

Just like when any relationship turns sour, you're left dealing with the things you couldn't agree on. Unfortunately, when your good business clients refuse to pay or communicate, it may be time to bring in a mediator to ensure your assets are protected and your agreement holds up. Whether you've decided to escalate their continued late payments, write off their account as bad debt or pursue litigation, you don't have to do it alone.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

College Going Online? Student Loans Still Cover Living Costs

Nerd Wallet

Attending college from a laptop in your childhood bedroom might not be the experience you had in mind. But just because you’re not living in a dorm this fall doesn’t mean that expenses disappear. Your cost of attendance might have changed if you’re learning remotely due to COVID-19, but colleges will factor at-home or off-campus. Anna Helhoski is a writer at NerdWallet.

article thumbnail

Improve Patient Engagement for Hospitals & Medical Offices

Nexa Collect

In many ways, it doesn’t matter how knowledgable a doctor is, or how much they care for their patients if the patients aren’t actively engaged in their care. That’s because unless they’re willing to follow their doctor’s advice and do what it takes to stay healthy, the quality of service means nothing. That’s why, in a patient-centered care model, patient engagement is critical.

article thumbnail

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.

article thumbnail

Final CCPA Regs Issued by California AG

Account Recovery

The Office of Administrative Law — the agency in California that is responsible for dotting the i’s and crossing the t’s of new regulations — has officially signed off on the final version of the California Consumer Privacy Act, and those approved regulations are now in effect, according to a press release from California Attorney … The post Final CCPA Regs Issued by California AG appeared first on AccountsRecovery.net.

246
246

More Trending

article thumbnail

Retirement Investments: A Beginner’s Guide

Nerd Wallet

Advancements in medicine and technology are helping us live longer than ever before. But the prospect of living in retirement for up to 40 years — often the same time frame an individual spends working — makes saving and planning all the more important. Yet saving is only one piece of the retirement puzzle. Choosing. Tiffany Lam-Balfour is a writer at NerdWallet.

135
135
article thumbnail

Who is a Certified Revenue Cycle Representative? CRCR Exam Information

Nexa Collect

Revenue cycle management in healthcare is a critical discipline. It keeps the lights on and maintains a practice’s ability to see patients. Without it, efficient data collection and patient billing aren’t possible. And with healthcare complexity increasing year upon year, the hunt for qualified individuals assumes a higher priority. Certified revenue cycle representatives (CRCRs) are revenue professionals with specialized credentials that ensure they have the knowledge, skills, and attitude need

article thumbnail

Judge Certifies Class in FDCPA Case Over Lack of License

Account Recovery

A District Court judge in Utah has certified a Fair Debt Collection Practices Act class action case which accused a defendant of pursuing judgments on defaulted debts without registering as a debt collector in the state. A copy of the ruling in the case of Lawrence v. First Financial Investment Fund V can be accessed … The post Judge Certifies Class in FDCPA Case Over Lack of License appeared first on AccountsRecovery.net.

article thumbnail

How Much Money Do You Need to Buy a House?

Credit Corp

According to the U.S. Census Bureau, the median sales price of new homes in May 2020 was around $317,000. Even if you’re purchasing a home that falls well below that average, chances are it’s one of the most expensive things you’ll ever buy. With such a big expense, you might be wondering—how much do you need to save for a house? The good news?

Loans 124
article thumbnail

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.

article thumbnail

9 Best Bank Bonuses and Promotions of August 2020

Nerd Wallet

Bank promotions consist of cash bonuses when you open a new checking or savings account. To qualify for this one-time perk, you’ll likely have to set up direct deposit with the bank and keep the account open for at least a few months. Some banks have looser rules than others; we’ve outlined those requirements below. Alice Holbrook is a writer at NerdWallet.

Banks 128
article thumbnail

Why Your “Calling Identity” Matters

Arbeit Software

Identifying yourself as a trusted, legal caller is the first line of defense in mitigating improper call blocking and labeling events.

119
119
article thumbnail

Appeals Court Overturns FDCPA Case That Used BFE Defense

Account Recovery

The Ninth Circuit Court of Appeals has overturned a lower court’s ruling that granted summary judgment in favor of a debt collector that was sued for violating the Fair Debt Collection Practices Act because it was entitled to the Bona Fide Error defense, determining that the lower court erred in assessing the BFE test. A … The post Appeals Court Overturns FDCPA Case That Used BFE Defense appeared first on AccountsRecovery.net.

article thumbnail

Responding to a Statement of Claim in the Victorian Judicial System

Debt Recoveries

Author: Nathan Haynes of ADC Legal. Receiving a claim against you is a stressful experience for everyone and it is important to have a clear understanding of how best to respond. What is a Statement of Claim? A Statement of Claim is the document used to initiate legal proceedings. It contains a summary of the key facts supporting a plaintiff’s case.

article thumbnail

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.

article thumbnail

For online grocery delivery, add fees to the list

Nerd Wallet

I haven’t set foot in a grocery store in nearly four months. With a 10-month-old baby to think about, my husband and I have kept trips to the store to a minimum out of an abundance of caution during the pandemic. We’re fortunate to have just about every grocery delivery service at our disposal —. Lauren Schwahn is a writer at NerdWallet. Email: lschwahn@nerdwallet.com.

115
115
article thumbnail

Consumer Financial Protection Bureau Settles with Third Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Consumer Finance

The Consumer Financial Protection Bureau issued a consent order against Go Direct Lenders, Inc. (Go Direct), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

Lender 95
article thumbnail

Daily Digest – August 17. Judge Grants MSJ For Plaintiff in FDCPA Case; Judge Denies Stay in TCPA Case

Account Recovery

JUDGE GRANTS MSJ FOR PLAINTIFF IN FDCPA CASE OVER BFE DEFENSE A District Court judge in Indiana has adopted a Magistrate Judge’s Report and Recommendation that grants summary judgment in favor of a plaintiff who sued a collection agency for violating the Fair Debt Collection Practices Act for sending a letter to the plaintiff after … The post Daily Digest – August 17.

article thumbnail

How to Remove MRS BPO LLC From Your Credit Report

Better Credit Blog

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. If you have heard from a debt collector called MRS BPO LLC recently, you may already be aware of this and looking for a way to fix the situation.

article thumbnail

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!

article thumbnail

Losing Employee Life Insurance Due to Job Loss: What’s Next?

Nerd Wallet

The coronavirus pandemic continues to disrupt the U.S. economy as businesses both big and small cut back, close and declare bankruptcy. Consequently, a reported 16.3 million Americans were unemployed in July compared to just over 6 million the previous year, according to the Bureau of Labor Statistics. In addition to losing their paychecks, many Americans.

article thumbnail

Consumer Financial Protection Bureau Proposes New Category of Qualified Mortgages to Encourage Innovation and Access to Affordable Mortgage Credit

Consumer Finance

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of seasoned qualified mortgages in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market.

94
article thumbnail

Judge Grants MSJ For Plaintiff in FDCPA Case Over BFE Defense

Account Recovery

A District Court judge in Indiana has adopted a Magistrate Judge’s Report and Recommendation that grants summary judgment in favor of a plaintiff who sued a collection agency for violating the Fair Debt Collection Practices Act for sending a letter to the plaintiff after she had communicated that she was refusing to repay the debt. … The post Judge Grants MSJ For Plaintiff in FDCPA Case Over BFE Defense appeared first on AccountsRecovery.net.

article thumbnail

Is It Okay To Pay Just The Minimum On Credit Card Debt?

Debt Guru

Whether your financial goals are as simple as building a small emergency fund or as complex as savings and investments for retirement, few things can derail your plan faster than debt. That is why most experts and financial planners suggest prioritizing debt repayment first, before many other goals, and recommend paying down that debt as fast as possible.

article thumbnail

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.

article thumbnail

The Property Line: Don’t Let New Fee Stop You From Refinancing

Nerd Wallet

Millions of homeowners could still benefit from refinancing their mortgages to get a lower interest rate. This is true even after a federal regulator startled lenders by dictating a new fee that amounts to a tax on refinancing. Many could save by refinancing Mortgage rates began falling in the spring, as the potential economic impact. Holden Lewis is a writer at NerdWallet.

Lender 111
article thumbnail

Consumer Financial Protection Bureau Announces Settlement with TD Bank for Illegal Overdraft Practices

Consumer Finance

The Consumer Financial Protection Bureau announced a settlement with TD Bank, N.A. regarding its marketing and sale of its optional overdraft service: Debit Card Advance (DCA).

Banks 80
article thumbnail

Industry veteran Loraine Lyons joins Malone Frost Martin PLLC 

Account Recovery

DALLAS, Texas — Malone Frost Martin PLLC, a leading industry defense and compliance law firm, is very pleased to announce that industry veteran Loraine Lyons has joined the team as a Partner in the Compliance and virtual General Counsel services division. Loraine joins Malone Frost Martin with over 20 years of experience exclusively in the accounts … The post Industry veteran Loraine Lyons joins Malone Frost Martin PLLC appeared first on AccountsRecovery.net.

Law Firms 246
article thumbnail

States challenge FDIC rule that allows lenders to bypass state interest-rate caps

Public Citizen

Eight state attorneys general today filed a lawsuit challenging a new Federal Deposit Insurance Corporation rule that creates a loophole allowing predatory lenders to evade state laws that forbid excessive interest-rate charges. From the California attorney general's press release : "These caps on interest rates play a critical role in regulating payday loans and other high-cost lending throughout the state.

Lender 75
article thumbnail

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