Sat.Nov 21, 2020 - Fri.Nov 27, 2020

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Consumer Groups Publish Report Offering Suggestions to Help Student Loan Crisis

Account Recovery

A group of consumer advocacy organizations have published a guide to help individuals with student loans navigate their way through the COVID-19 pandemic and beyond, offering a “roadmap” to provide “substantial relief” to the 44 million individuals who have student loan debt. Among the ideas published in the guide are: Cancel student loan debt to … The post Consumer Groups Publish Report Offering Suggestions to Help Student Loan Crisis appeared first on AccountsReco

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Giving Thanks!

American Profit Recovery

By Matt Moskowitz: “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end” – Roy Bennett. “The flower that blooms in adversity is the rarest and most beautiful of all” – Walt Disney. No surprise, but 2020 has been a challenge for all of us! I find that in the most challenging and darkest times is when I have grown and reflected the most.

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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2020

In the Red

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

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4 Costly Moving Mistakes to Avoid

Nerd Wallet

Hiring professional movers can get pricey — and keeping costs down requires more than finding free boxes. Here are four costly moving mistakes, and how you can avoid them. 1. Hiring movers without vetting If you don’t research a moving company before booking, you might end up with a much larger bill — and more. Tracy Scott is a writer at NerdWallet.

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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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Daily Digest – November 24. EDNY Judge Grants MTD in FDCPA Letter Case; Appeals Court Upholds Denial of Certification in TCPA Case

Account Recovery

EDNY JUDGE GRANTS MTD IN FDCPA LETTER CASE A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating a number of provisions of the Fair Debt Collection Practices Act, such as including multiple addresses in a collection letter and because he received two letters that … The post Daily Digest – November 24.

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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2020

In the Red

Each year amendments are made to the rules that govern how bankruptcy cases are managed the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

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Your Mental Health Can Affect How You Save Money

Nerd Wallet

Tools like spreadsheets and budgeting apps can help you get better at saving money. But you might need to look beyond hard numbers to get a full financial picture. Your mental health, especially during a stressful period such as the current pandemic, can play a role in money decisions. Know that if you’re dealing with. Spencer Tierney is a writer at NerdWallet.

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Daily Digest – November 23. OCC Issues Propose Rule to End Operation Choke Point; CFPB Files Suit Against Debt Relief Company

Account Recovery

OCC ISSUES PROPOSED RULE TO OFFICIALLY END OPERATION CHOKE POINT Without ever mentioning its name, the Office of the Comptroller of the Currency on Friday issued a proposed rule that would put an end to Operation Choke Point by calling on banks to ensure provide access to services and capital based on the risks of … The post Daily Digest – November 23.

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Support Small Businesses with Small Business Saturday Shopping

Credit Corp

A lot has changed during the coronavirus pandemic. Large in-person gatherings are a thing of the past, the economy has been affected , and some businesses have even shut down. There are many small businesses that are still open, but they’re struggling. It’s up to everyday people to continue to support them. But consumers have also been affected—many people have lost their jobs, making it more difficult to support small businesses.

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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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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2020

In the Red

Each year amendments are made to the rules that govern how bankruptcy cases are managed the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

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‘Better Late Than Never’ Applies to Retirement Investing, Too

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Have a mortgage, older kids but little to no retirement savings? Alas, that’s not unusual: In 2016, the average American ages 50 to 55. Kevin Voigt is a writer at NerdWallet.

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Daily Digest – November 25. EDPA Judge Partially Denies MTD in FCRA Case; Trade Groups Urge FCC To Strengthen Measures to Fix Call Blocking Issues

Account Recovery

EDPA JUDGE PARTIALLY DENIES MTD IN FCRA CASE A District Court judge in Pennsylvania has become the latest to tackle the issue of whether a plaintiff has standing to sue when claiming certain violations of the Fair Credit Reporting Act, partially denying the defendant’s motion to dismiss in a class-action suit. TRADE GROUPS, INCLUDING ACA … The post Daily Digest – November 25.

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5 Ways to Combat Fraud During the Holidays

Fico Collections

As we head into the holiday season, you’ve probably had enough stress in 2020. But wait––yet another wrench has been thrown in this challenging year! Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. Read on for five powerful fraud-fighting tips to help you break out of the 2020 doldrums and end the year with a little less stress!

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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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SBA Loans: How to Maximize Recovery by Liquidating Personal Property

Jimerson Firm

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. If the Recoverable Value is over $5,000, the lender must decide which method of liquidation is the most appropriate to maximize the recovery in the shortest amount of time.

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5 Reasons Your Car Needs a Dash Cam

Nerd Wallet

Video seems to be everywhere these days. But there’s one place it can be especially useful: on the dashboard of your car. Dash cams — small video cameras mounted within a car — are getting less expensive while offering better quality and memory capacity. And their use is steadily growing, with dash cam sales expected. Philip Reed is a writer at NerdWallet.

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Appeals Court Upholds Denial of Certification in TCPA Case

Account Recovery

The Court of Appeals for the Tenth Circuit has upheld a lower court’s denial of class certification in a Telephone Consumer Protection Act lawsuit in which the plaintiff alleged to have received more than 200 robocalls from an auto lender, agreeing with the lower court that the plaintiff did not provide enough information to define … The post Appeals Court Upholds Denial of Certification in TCPA Case appeared first on AccountsRecovery.net.

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Why Do Fraudsters Use Synthetic Identities?

Fico Collections

Traditionally, credit application fraud has been perpetrated in two ways: First-party fraud – where the criminal uses their own identity to commit fraud, even if they obscure some details in order to prevent detection. This type of fraud is self-limiting and while fraudsters have stolen significant sums, an organization is unlikely to fall victim to the same fraudster multiple times.

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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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Negotiating Payment Plans: Successful Strategies for Call Centers

PDC Flow

Payment negotiations are the most important part of accounts receivable. If agents don’t know the best tactics for setting up payment plans or collecting higher dollar amounts, you will routinely leave money on the table. Every accounts receivable call center should train staff in basic methods for collecting the highest amount in the shortest time frame possible.

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Trouble Using Your Marriott Free Night Certificates?

Nerd Wallet

A popular perk of certain Marriott credit cards is the free night certificate that cardholders earn every year by renewing their card membership. But using those certificates can be a challenge — especially during the pandemic. Holders of the Marriott Bonvoy Boundless™ Credit Card and the Marriott Bonvoy Business™ American Express® Card get an annual.

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Compliance Digest – November 23

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Three Reasons To Track Your Team’s Performance

Debtor Daddy

Do you know how your finance team is spending their time? Do you know which activities are eating away at their time? Can you identify what your team’s strengths and weaknesses are? Better yet, do you know what strategies are the most successful in collecting cash? How can you tell if an update to your credit control process makes a difference if you don’t have the right metrics in place?

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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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Phony IP claims advanced to block Medicare pricing transparency

Public Citizen

by Paul Alan Levy. A couple of months ago, South Carolina lawyer B. Craig Killough advanced vague intellectual property claims in objecting to a blog post by a California health policy expert who commented on some aspects of the pricing policies being followed by Palmetto GBA, one of the companies retained by the federal Centers on Medicare and Medicaid Services to process Medicare claims by health providers in several states.

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Should You Choose a Point-of-Sale Loan to Gift Now and Pay Later?

Nerd Wallet

A point-of-sale loan lets you break down a purchase into a series of smaller payments, so you can buy now and pay later. In recent years, point-of-sale financing has rapidly expanded in the United States, with lenders like Klarna, Afterpay and Affirm now partnering with major retailers, including Macy’s, Bed Bath & Beyond and Walmart, Jackie Veling is a writer at NerdWallet.

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OCC Issues Proposed Rule To Officially End Operation Choke Point

Account Recovery

Without ever mentioning its name, the Office of the Comptroller of the Currency on Friday issued a proposed rule that would put an end to Operation Choke Point by calling on banks to ensure provide access to services and capital based on the risks of the particular client and not make broad-based decisions that affect … The post OCC Issues Proposed Rule To Officially End Operation Choke Point appeared first on AccountsRecovery.net.

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One Million Self Employed pushed into debt due to Covid late payments

UK debt collections

Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in a report released by the IPSE (The association of independent professionals and the self employed) along with digital bank starling. Research was undertaken by the parties to assess the major impact covid-19 has had on the UK’s self employed sector.

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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