Sat.Jun 05, 2021 - Fri.Jun 11, 2021

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Arrested Development: What Do Modern Law Firm Associates Want, Anyway?

NCBA Law Practice Management Blog

There’s a lot in flux around the legal industry of late. Work roles, places and preferences seem to be changing constantly. Yet, law firms continue to require associates to move business forward. Managing partners often think, in these instances, about what the law firm needs. But, even if in an employer’s market, it pays to consider what your associates ( and potential associates ) actually do want – especially if you want those associates to stick around for a while, along with all the capital

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4 Pillars of An Empathetic Communication Strategy in Healthcare Collections

PDC Flow

Since the beginning of the COVID-19 pandemic, “empathy” and “compassion” have been buzzwords in almost every industry. People are craving the human connection and understanding that comes with empathy, which is why now more than ever, understanding empathy and compassion is extremely important. Luckily, I’ve got you covered. For the past 15 years, I’ve studied neuroscience and conducted communication experiments in my debt collection agency to understand how empathy works and how to use it effec

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Why the credit team is a valuable line of defence against fraud

On Guard

Bad debt can have catastrophic consequences for any business, with different industries each having their own vulnerabilities. For example, for organisations that provide machinery, vehicles and other costly assets, the threat of these going missing is a serious concern. PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company.

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Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment after it was sued for a laundry list of alleged violations of the Fair Debt Collection Practices Act in a letter that was sent to the plaintiff while also declining a motion from the plaintiff to strike an affidavit and … The post Judge Grants MSJ for Defendant in FDCPA Case Over Collection Letter appeared first 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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Excise Tax: The Ultimate Guide for Small Businesses

Nerd Wallet

This article has been reviewed by tax expert Erica Gellerman, CPA. An excise tax is a tax charged for items that are frequently seen either as socially harmful or as a luxury good or service. Luxury vehicles are subject to excise tax, as are alcohol, gas, airline tickets, indoor tanning and more. Excise tax is sometimes. Nina Godlewski writes for NerdWallet.

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Builder wrecks customers house over Unpaid Invoice

UK debt collections

A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused a builder to take action into his own hands. The house after it was partially demolished. Credit: BPM Media. Works were ordered by a house owner in a affluent part of Leicester were the average house price exceeds £540,000.

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Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline

Account Recovery

A District Court judge in Alabama has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Credit Reporting Act because it referenced a monthly payment amount on a tradeline that had been closed and where the balance was $0 when furnishing information to the credit reporting … The post Judge Grants Motion for Defendant in FCRA Case Over Disputed Tradeline appeared first on AccountsRecovery.net.

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How Clean Is Your Hotel?

Nerd Wallet

In 2020, many vacationers turned to glamping, RVs and vacation rentals amid fears that hotels might not be the safest place to stay. After all, stepping into a shower that a stranger used yesterday may have already given germophobes the jitters — even before COVID-19 became the fastest-growing word in the lexicon. So, is it. Sally French writes for NerdWallet.

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The Worsening State of Mortgage Affordability in 2021

Credit Corp

In a Nutshell. According to a recent study by Point2 , new homeowners in over 51 of the 100 largest cities in the US are spending more than 30% of their income on mortgage payments. This goes against the common wisdom of financial advisors that says homeowners should avoid spending more than 28% of their gross income on their mortgage. In this post, we’ll discuss the findings and try to find out what it means for new homeowners in 2021.

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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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EEOC Issues New Guidance on Workplace Vaccine Policies

Fraser

On May 28, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding employment vaccination programs. As discussed below, the EEOC’s updated guidance provides additional information concerning key issues such as whether: Employers may mandate vaccines. An employee’s vaccination status is confidential medical information.

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Daily Digest – June 9. Collector to Pay $900k After Being Sued by Wash. AG; Judge Holds Debt Buyer Liable for Actions of Collector

Account Recovery

COLLECTOR TO PAY MORE THAN $900K IN RESTITUTION, FINES AFTER BEING SUED BY WASHINGTON AG The Attorney General of Washington yesterday announced an enforcement action against a collection agency for alleged unlawful debt collection practices, including assessing fees and costs to individuals without not collecting any money from them, operating without a license for more … The post Daily Digest – June 9.

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What Is Crypto Banking?

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. What is crypto banking? Let’s start with the “crypto” part. Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking.

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These Millionaires Reveal Their Top Money Secrets

Credit Corp

It’s common knowledge that millionaires handle their money differently than many, but what’s their secret? Does education have anything to do with it? Some say that you have to work hard, and others suggest saving every penny. But, which one is right for you? In this article, I interviewed these millionaires and asked them a very basic question: “As a millionaire, what is your number one money secret that could help others on their way to financial independence?

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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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Things Debt Collectors Are Forbidden to Do

Sawin & Shea

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. In most cases, people know that they are behind on payments and are struggling to deal with the issue. Having to deal with a barrage of phone calls, emails, and texts at the same time is like adding insult to injury.

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Daily Digest – June 8. Maryland Healthcare Collection Bill Becomes Law; Judge Partially Grants MSJ in FDCPA Case

Account Recovery

MARYLAND HEALTHCARE COLLECTION BILL BECOMES LAW By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt … The post Daily Digest – June 8.

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The 15 Best Franchise Opportunities of 2021

Nerd Wallet

If you’re looking for a new business venture, but don’t want to take on the difficult work of developing your own brand image and identity, a franchise opportunity might be the best fit for you. Since there’s already a strong corporate and management framework in place as well as guidelines around everything including marketing, merchandising, Sally Lauckner writes for NerdWallet.

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The Cost of Consumer Goods Is Rising: Find Out More

Credit Corp

The cost of consumer goods has risen and fallen over time—with the long-term trajectory for most items going up. That’s not a surprise to most people. You know the cost of bread or milk at the grocery store is more than it was when you were a kid. But how fast is the cost of consumer goods going up today, and what, exactly, is the consumer price index?

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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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A New Partnership for HomeReserve, Expanding Financial Well-being for Youth

Prosperity Now

What would it be like for 18-year-olds to be on track to be homeowners by 21?

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Tenn. Court Offering Online Tool to Help Settle Medical Debt Disputes

Account Recovery

A pilot program is being offered in Tennessee aimed at reducing the number of medical debt collection lawsuits that are filed against individuals, by offering a free online medical debt resolution platform for healthcare providers and consumers to use to work out settlements before lawsuits are filed. The platform is even offering free access to … The post Tenn.

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Smart Money Podcast: Crypto Credit Cards and Short-Term Investing

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of credit cards that offer rewards in cryptocurrency. Then we pivot to this week’s question from a listener who emailed us asking: “ETFs or index funds: Which of the above is better for short-term investing?”. Liz Weston writes for NerdWallet.

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How to Build Business Credit for Real Estate

Credit Corp

Buying and selling real estate for commercial purposes can be an expensive endeavor. Many real estate investors typically have to start out using their own funds or personal credit to cover the cost of their new properties, even when they’re for generating income. This strategy works well for those who have the personal capital to make big purchases, but for those who don’t, it can be a roadblock for them.

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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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Colorado lawmakers pass bill to make it harder for landlords to evict

Collection Industry News

Source: site. The Colorado legislature has passed a Democratic bill that would make it easier for financially struggling tenants to stave off eviction. SB21-173 will head to Gov. Jared Polis, whose office has not responded to a request for comment on whether he’ll sign it into law. The bill guarantees renters a weeklong grace period before they could be charged late fees.

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Maryland Healthcare Collection Bill Becomes Law

Account Recovery

By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt collectors working medical debt accounts to … The post Maryland Healthcare Collection Bill Becomes Law appeared first on AccountsRecovery.net.

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What to Do If You Save Too Much for Retirement

Nerd Wallet

Many Americans don’t save enough for retirement, but it’s entirely possible to save too much — at least according to the IRS. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Uncle Sam doesn’t want you to leave the money in the account too long, either. Liz Weston writes for NerdWallet.

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Should You Get an FHA or Conventional Loan?

Credit Corp

You found your dream home, but now comes the hard part: figuring out your mortgage. Two common loan options are conventional and FHA loans. A Federal Housing Administration loan, or FHA loan, is insured by the federal government. A conventional loan is not. The backing of the federal government makes FHA loans a bit easier to qualify for because they’re considered less risky for lenders.

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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