Sat.Dec 17, 2022 - Fri.Dec 23, 2022

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Company Prepping ‘Robot’ Lawyer Uses AI to Negotiate Lower Bills

Account Recovery

Want to see a negotiation, in real-time, between a customer service agent and a bot backed by artificial intelligence? Here you go: Here it is! The first ever Comcast bill negotiated 100% with A.I and LLMs.Our @DoNotPay ChatGPT bot talks to Comcast Chat to save one of our engineers $120 a year on their Internet … The post Company Prepping ‘Robot’ Lawyer Uses AI to Negotiate Lower Bills first appeared on AccountsRecovery.net.

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Foreign judgments: How do I collect using another state’s judgement?

Collections Law

A foreign judgment is a judgment, decree, or court order outside of the Commonwealth of Massachusetts. Creditors can use certain legal tools to collect from deadbeat debtors, but the process requires following a complex legal process. The attorneys at the Law Offices of Alan M Cohen LLC have over five decades of experience navigating this process and can put this experience to work for you, better ensuring you get the payment you earned.

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How Is Debt Collection Different for Lawyers?

FFGN COLLECT NY

The debt collection process in New York is different for lawyers than others. A dispute over legal fees, non-payment, billing rate, or a client seeking a refund, is commonly referred to as a “ fee dispute.”. In New York state, there are rules that govern how to pursue a fee dispute. The rules are the same regardless if you are the lawyer or the client.

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4 more myths about debt collections DEBUNKED

American Profit Recovery

Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? We got you covered here! There are untold amounts of myths regarding collection agencies and how they operate. And even more myths about how they interact and work with consumers. So we thought we would share a little bit of inside baseball when it comes to debt collections and debunk many of the myths that people share.

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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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CFPB Fines Remittance Company $700k For Failing to Provide Refunds

Account Recovery

The Consumer Financial Protection Bureau has fined an international remittance company $700,000 for not refunding consumers after it made transfer errors, in a failure to comply with the Electronic Funds Transfer Act. A copy of the enforcement action against Servicio UniTeller can be accessed by clicking here. Between 2013 and 2021, the company allegedly did … The post CFPB Fines Remittance Company $700k For Failing to Provide Refunds first appeared on AccountsRecovery.net.

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Hawaii Tourism Is Way Up — and It’s Just Getting Started

Nerd Wallet

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Hawaii Tourism Is Way Up — and It’s Just Getting Started originally appeared on NerdWallet.

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Celebrating the holidays American Profit Recovery style

American Profit Recovery

The team here at American Profit Recovery always takes time to ring in the holiday season. Working in the debt collection industry is fast-paced, and sometimes challenging and it is important for this organization to ensure the entire team gets a chance to experience everything this season has to offer. It has been a long tradition here to have many opportunities to celebrate the holidays.

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Consumers’ Financial Well-Being on the Decline: CFPB

Account Recovery

The overall financial well-being of consumers is back to its pre-pandemic levels, which is not necessarily a good thing, according to data released yesterday by the Consumer Financial Protection Bureau, with a noticeable decline in financial health for Hispanics and individuals under 40. A copy of the full report can be accessed by clicking here. … The post Consumers’ Financial Well-Being on the Decline: CFPB first appeared on AccountsRecovery.net.

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Prepared Remarks of CFPB Director Rohit Chopra on the Wells Fargo Law Enforcement Action

Consumer Finance

Today, the CFPB is ordering Wells Fargo to pay more than $2 billion in redress to over 16 million consumers and a $1.7 billion civil penalty for widespread illegal activity across its major product lines for which it has never been held to account.

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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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4 Questions to Ask Before You Buy a Home or Invest in 2023

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article 4 Questions to Ask Before You Buy a Home or Invest in 2023 originally appeared on NerdWallet.

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Consumers and Businesses Face Uncertainty After CFPB Court Ruling

Prosperity Now

Last week, Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB or “the Bureau”) testified before Congress to provide

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Complaint Accuses Collectors of Simultaneously Trying to Collect on Debt, Contradicting One Another

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 Collectors of Simultaneously Trying to Collect on Debt, Contradicting One Another first appeared on AccountsR

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CFPB Orders Servicio UniTeller to Refund Fees and Pay Penalty for Failing to Follow Remittance Rules

Consumer Finance

Today, the CFPB issued an order against Servicio UniTeller, an international remittance company, for multiple violations of the requirements governing electronic money transfers, including failing to refund customers after the company made money transfer errors.

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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 Complain and Get Results

Nerd Wallet

Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. The article How to Complain and Get Results originally appeared on NerdWallet.

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2022 at Prosperity Now: We Built Back for Justice, We (Baby) Bonded, We Became Bolder in Our Fight to Transform our Economy to Work for All

Prosperity Now

Awe. That is the word that comes to mind when I look back at this past year at Prosperity Now.

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Judge Grants MTD in FDCPA Class Action Over SOL Disclosure in Letter

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action related to the statute of limitations disclosure in a collection letter, affirming that the disclosure made by the defendant is one that has already been ruled on by other judges in and out of … The post Judge Grants MTD in FDCPA Class Action Over SOL Disclosure in Letter first appeared on AccountsRecovery.net.

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CFPB Report Finds Household Financial Health is Declining after Several Years of Increased Savings

Consumer Finance

Today, CFPB released a new Making Ends Meet report covering the financial health of American households.

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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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Benefit From Fed Rate Hikes With a High-Yield Savings Account

Nerd Wallet

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. The article Benefit From Fed Rate Hikes With a High-Yield Savings Account originally appeared on NerdWallet.

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2022 Year in Review: Partnerships, Customer Stories, Product Updates, and Thought Leader Interviews

PDC Flow

PDCflow has worked hard throughout 2022 to offer the best possible payment communication software possible to our customers. With the new year approaching, we wanted to give you – our customers and subscribers – another chance to catch up on our latest partnerships, product enhancements, educational content and video interviews (highlighting some of our accomplishments along the way).

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Industry Vows to Appeal Ruling Denying Challenge to Arizona Garnishment Law

Account Recovery

A state court judge in Arizona has denied a challenge from the accounts receivable management industry that sought to keep the Arizona Protection from Predatory Debt Collection Act — a measure that increases the amount that can be shielded from garnishments to pay medical debts while also lowering judgment interest rates — from going into effect. … The post Industry Vows to Appeal Ruling Denying Challenge to Arizona Garnishment Law first appeared on AccountsRecovery.net.

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Developing with Empathy: TrueAccord’s Mission-Driven Approach

True Accord

When most people think of debt collection, the word “empathy” rarely comes to mind. As a mission-driven company, we at TrueAccord, are trying to change that. We know life happens and financial anxiety has become more common than ever—especially when it comes to dealing with debt. By understanding and anticipating a customer’s needs, our TrueAccord takes an empathetic approach which enables us to tailor our message and help the consumer’s journey back to financial health.

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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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Crypto.com DeFi Wallet Review 2022: Pros, Cons and How It Compares

Nerd Wallet

Our Take 4.6 The bottom line: Guarda’s cryptocurrency wallet gives you a lot of options if you want to store your cryptocurrency on an internet-connected device, supporting thousands of cryptocurrencies using mobile, desktop and browser-based applications. Pros & Cons Pros: Large selection of supported cryptocurrencies; useful tools across desktop, mobile and browser apps.

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An eye on bankruptcy stats in 2022

Albuquerque Law

As New Mexico residents prepare for the holidays and the start of a new year, it is common to reflect on the past year. This practice is widespread, with even the government and courts gathering data on the events of the year – especially in terms of finances. So, what is the latest information on bankruptcy for this last year? What are the statistics?

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Compliance Digest – December 19

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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California DFPI Announces Modifications to Proposed Rules Relating to Companies’ Responses to Consumer Complaints

Troutman Sanders

As discussed here , on May 20, California’s Department of Financial Protection and Innovation (DFPI or Department) announced that it had filed a Notice of Proposed Rulemaking with the Office of Administrative Law. The purpose of the proposed regulations is to make explicit what it means to provide a timely response to consumer complaints. Covered persons are expected to have appropriate procedures to review, investigate, respond to, track, and report consumer complaints and inquiries.

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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