Sat.Apr 02, 2022 - Fri.Apr 08, 2022

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Could my business use a collection attorney?

Collections Law

Many businesses struggle with getting paid for their product or their work from individuals and other businesses. Perhaps your own business is trying to struggle through collecting overdue payments and you are wondering if there is something more you can do. You have more important aspects of your business to run, but you may not know at what point it becomes worthwhile to bring in a collection professional.

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What is Commercial Debt?

Debt RR

To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable sum, and if you are in such a situation, you are liable to pay off all the debts.

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AGs Call on Big Banks to End Overdraft Fees

Account Recovery

A group of 18 state attorneys general sent letters to four of the largest financial institutions in the country this week, urging them to stop charging overdraft fees on consumers by this summer, and while the states did not make any threats in the letter about what would happen if the banks chose not to … The post AGs Call on Big Banks to End Overdraft Fees appeared first on AccountsRecovery.net.

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I’m glad I stayed in debt collections

American Profit Recovery

By Sabrine: Looking back at when I was a college student, the last place I expected to be working at is a collection agency. Life took me to crazy places after graduation and before I knew it, I accepted a Collection Specialist position. At the time, I figured I would work at APR (American Profit Recovery) temporarily until I became certified in the field I graduated in.

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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 to Expect When Reconnecting With Clients In Person

Enterprise Recovery

It can seem daunting to imagine reconnecting with clients after 2 years of a pandemic. Or perhaps you're thrilled and ready to get back to those in-person meetings. If you've been working remotely, it's time to try on those old business clothes and get on your client's calendar again. Here's what you can expect when reconnecting with clients in person.

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CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report

Account Recovery

Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish how much issuers can … The post CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report appeared first

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What your practice needs to know about medical debt reporting in 2022

American Profit Recovery

Our team here handles medical debt collections for a wide range of medical practices around the country. We keep up to date on the latest legislation and guidance from both federal regulators as well as state governments. In our industry, there seem to be changes all the time when it comes to how and when we are able to deal with consumers. These adjustments are meant to protect consumers and create an even playing field to assist them and the medical practices that require payment.

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Despite Hot Market, Sellers Plan Big Updates Before Listing

Nerd Wallet

Buyers are willing to pay ever-higher prices, and homes are snapped up soon after they’re listed — you might think a seller in that environment would just sit back and watch the offers roll in. However, that is not the case with U.S. homeowners. Most homeowners who plan to sell their current home in the. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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CFPB Seeks to Halt Negative Credit Reporting for Survivors of Human Trafficking

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) is using its rulemaking authority to propose that consumer reporting agencies (CRAs) do not prevent survivors of human trafficking from achieving financial independence. The proposed rule would protect survivors of human trafficking by preventing CRAs from including negative information resulting from abuse.

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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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Judge Denies Plaintiff’s MSJ, Partially Grants Defendant’s Motion in FDCPA Case Over Disputed Debt

Account Recovery

It’s a situation that happens all-too-often in collection agencies across the country. A consumer, in this case through her attorney, submits a letter disputing the debt. But the information included in the letter doesn’t match anything the agency can find in its system. Turns out, the agency had the debt under a different last name … The post Judge Denies Plaintiff’s MSJ, Partially Grants Defendant’s Motion in FDCPA Case Over Disputed Debt appeared first on Account

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Public Citizen - Untitled Article

Public Citizen

Do Copyright Holders Get a Free Pass to Identify Alleged Infringers? by Paul Alan Levy. Suppose that, on June 4, 2022 the owner of a China-based Twitter account were to post this 2005 photo of the Gate  of Heavenly Peace, with text calling for remembrance of the martyrs of Tiananmen Square.   Suppose further that, the following week, a previously unknown company based in China and claiming ownership of the copyright in the 2005 version of the iconic painting of Mao’s bust that sits o

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Revamped PayPal Cashback Card Will Earn 3% on Purchases Through PayPal

Nerd Wallet

The PayPal Cashback Mastercard®, issued by Synchrony, has been a member of a growing group of credit cards earning 2% cash back on all purchases. Beginning April 5, 2022, cardholders will earn 3% cash back when they use PayPal at checkout, while still earning 2% back on purchases made wherever Mastercard is accepted. There is. Sara Rathner writes for NerdWallet.

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CFPB Finds Payday Borrowers Continue to Pay Significant Rollover Fees Despite State-Level Protections and Payment Plans

Consumer Finance

A report published today by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to be offered to borrowers in the majority of states that do not prohibit payday lending.

Loans 101
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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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Compliance Advisor Tonia Brown joins ARM Compliance Business Solutions 

Account Recovery

Birmingham, Alabama – ARM Compliance Business Solutions is excited to announce that Tonia Brown has joined the company as a Senior Compliance Advisor. In this role, Tonia will navigate ARM Compliance Business Solutions clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, … The post Compliance Advisor Tonia Brown joins ARM Compliance Business Soluti

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Construction Contractors Beware the Consequences of Consequential Damages

Jimerson Firm

Consequential damages for breach of a construction contract are a significant risk that contractors need to understand and be aware of in connection with construction projects. This blog explains the difference between consequential damages and direct damages for breach of contract, and provides recommended ways for construction contractors to mitigate their exposure to liability for consequential damages as part of contract negotiations.

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Learn About Your Money in Small, Manageable Steps

Nerd Wallet

So, you want to learn more about your money and make moves with it. Go you. “That’s a moment of self-awareness that requires celebration,” says San Francisco-based financial coach Saundra Davis. And your timing is perfect, as April is Financial Literacy Month. This designation wouldn’t exist unless many people needed help understanding their money. “You’re.

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3 Ways To Remove Charge-Offs From Your Credit Report

Better Credit Blog

If you have recently pulled your credit report and noticed a charge-off there, you might be wondering how to remove it from your report. First, know that a charge-off in your credit history is a major deal. It will most likely cause a large decrease in your credit score. So if you don’t take any steps to dispute it, the charge-off will stay on your credit report for up to seven years.

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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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FCC Chair Says Congress May Need to Act to Expand Definition of ATDS Under TCPA

Account Recovery

The chairwoman of the Federal Communications Commission is calling on Congress to help amend the definition of an automated telephone dialing system because the Supreme Court’s decision in Facebook v. Duguid “could lead to less consumer protection from robocalls,” she wrote in a letter responding to a request from Rep. Vern Buchanan [R-Fla.] about the … The post FCC Chair Says Congress May Need to Act to Expand Definition of ATDS Under TCPA appeared first on AccountsRecov

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Will you lose your government benefits in bankruptcy?

Albuquerque Law

The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same amount of debt as those who did not participate in such benefit programs.

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How to Account for Inflation in Your 2022 Travel Budget

Nerd Wallet

Inflation is crushing almost all aspects of Americans’ budgets — including their vacations. Prices rose on average 7.9% for the past 12 months ending in February 2022, according to the U.S. Department of Labor. And one major travel expense rose way more than that: Rental car prices skyrocketed 24% year over year. The Consumer Price. Sally French writes for NerdWallet.

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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves.

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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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Suit Totals Drop in February While Complaint Numbers Keep Rising: WebRecon

Account Recovery

The number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and Telephone Consumer Protection Act all took a nosedive in February, compared with a month earlier, according to data released last week by WebRecon. Of particular note, the number of TCPA lawsuits through the first two months of … The post Suit Totals Drop in February While Complaint Numbers Keep Rising: WebRecon appeared first on AccountsRecovery.net.

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Director Chopra's Opening Remarks to the Community Bank and Credit Union Advisory Councils

Consumer Finance

Director Chopra remarks at the April 7, 2022 combined CBAC & CUAC meeting.

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Which Is Cheaper: Booking Rental Cars in Advance or Last Minute?

Nerd Wallet

Conventional wisdom suggests that you book travel reservations in advance to nab the best deal. But when it comes to rental cars, this might surprise you: The best time to rent a car is last minute, when they tend to be cheaper. That’s according to a NerdWallet analysis conducted in March 2022 of 360 rental. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Fiona Personal Loan Review

Better Credit Blog

Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. Like all lending marketplaces, Fiona has advantages and disadvantages. Let’s take a close look to see whether Fiona should help with your personal loan shopping.

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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