Sat.Oct 10, 2020 - Fri.Oct 16, 2020

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Daily Digest – October 16. Encore to Pay $15M to Settle CFPB Suit; Judge Denies MTD in FDCPA Case Over Garnishment SOL

Account Recovery

ENCORE TO PAY $15M TO SETTLE CFPB LAWSUIT The Consumer Financial Protection Bureau yesterday announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. The companies will repay consumers nearly $80,000 and pay a civil fine of $15 … The post Daily Digest – October 16.

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Why Is a Cash Flow Statement Important?

Enterprise Recovery

When you're trying to learn more about your business finances, a cash flow statement is a must. This financial statement paints a clear picture of how your business is managing its cash to pay debts and fund operations. The cash flow statement can help determine the success of your business and be an important indicator of potential to an investor. What is a cash flow statement and why is it important?

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How to Handle College Loan Debt as an Unemployed Recent Grad

Nerd Wallet

Entry-level jobs are scarce for recent college graduates, which leaves the Class of 2020 in a precarious position as their student loan debt comes due. Taylor Cabrera has been job-hunting for months since graduating from the University of Mississippi last spring with dual bachelor’s degrees in biology and physics, and has moved in with family. Anna Helhoski is a writer at NerdWallet.

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12 Biggest Personal Financial Mistakes That Doctors Make

Nexa Collect

Doctors are smart people. But even smart people make dumb mistakes sometimes. Going to medical school doesn’t guarantee that you how to handle your finances. Newly minted physicians earn high incomes but have large amounts of student debt, and generally require specialized insurance. This can get people into trouble if they aren’t aware of best practices for building and holding onto wealth.

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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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Judge Approves $6M Settlement in TCPA Case Against Collector

Account Recovery

A District Court judge in California has granted final approval of a $6 million settlement in a Telephone Consumer Protection Act case that alleged a debt collector placed calls to individuals’ cell phones using an automated telephone dialing system without first obtaining their consent. The defendant has also agreed to create an $18 million debt … The post Judge Approves $6M Settlement in TCPA Case Against Collector appeared first on AccountsRecovery.net.

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Fractional Shares: What They Are and Where to Buy Them

Nerd Wallet

If you’ve had your eye on a pricey stock but don’t want to invest all your savings in a single company, fractional shares available through a few online brokerages could be an affordable way to get started. Fractional shares let investors purchase stock based on a dollar amount they select rather than the price of. Chris Davis is a writer at NerdWallet.

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The perils of taking a rocket launcher to a water pistol fight

Collect More

I don’t like to have regrets in business- I think everything we do and everything we go through, good and bad, is a learning experience and life is way too short to live in the past. But there is something I did about 5 years ago that I still kick myself over. I was engaged to provide debt collection training to a major insurance brokerage here in Queensland.

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Daily Digest – October 14. Judge Denies Defendant’s Renewed MSJ in FDCPA Case Over Status of Letter; NMAC Pays $5M in CFPB Consent Order

Account Recovery

JUDGE DENIES DEFENDANT’S RENEWED MSJ IN FDCPA CASE OVER STATUS OF LETTER A District Court judge in Florida has denied a defendant’s renewed motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by not including some of the required disclosures in a letter sent to the plaintiff, … The post Daily Digest – October 14.

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8 Activities to Plan Now for a Fun and Budget-Friendly Fall Staycation

Credit Corp

The coronavirus pandemic caused many people to cancel travel plans around the world. You might’ve already had to cancel a family vacation or two. But not being able to travel doesn’t mean there aren’t things to plan for fun at home–beyond your typical game night. You and your family can recharge without ever leaving your hometown.

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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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Is Halloween Canceled This Year? Not at These 10 Theme Parks

Nerd Wallet

Is Halloween canceled this year? It might be in your neighborhood, but it’s not canceled everywhere. Sure, some popular, annual Halloween events at theme parks are off the table this year. With Disneyland still closed, that means the park’s annual Oogie Boogie Bash Halloween party is out. The Universal Studios Halloween Horror Nights are known. Sally French is a writer at NerdWallet.

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How to File Bankruptcy When You’re Self-Employed

Luftman, Heck & Associates.

It can be incredibly rewarding to own your own business. It can also be incredibly expensive – between marketing, payroll, and other overhead costs, you may find yourself spending a lot to keep your business running. Add to that a couple of months where maybe your profits didn’t meet expectations, and you’re looking at an enormous amount of debt. When your self-employment costs get out of hand, it might be Read More.

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Gregory Friedman Joins Barron & Newburger

Account Recovery

AUSTIN, TEXAS, UNITED STATES, October 13, 2020 — Gregory M. Friedman has joined Barron & Newburger as an attorney in the firm’s Austin office. Gregory will work both with the firm’s Consumer Financial Services Law Group, and with its Bankruptcy and Reorganization Practice Group. In both areas, Mr. Friedman will advise businesses on appropriate resolutions … The post Gregory Friedman Joins Barron & Newburger appeared first on AccountsRecovery.net.

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Should I Terminate a Notice of Commencement?

Jimerson Firm

Before a property owner can make improvements over $2,500 to their property, Florida law requires the owner (or authorized agent) to record a Notice of Commencement in the public records where the project is located. A Notice of Commencement signals the beginning of a construction project, and provides protection to the owner, contractors, and suppliers.

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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 Create Financial Stability in Shaky Times

Nerd Wallet

In a year that has thrown a pandemic, natural disasters and economic calamity at us while we lurch closer to a presidential election, stability can feel elusive. No matter how well-laid your plans, some new crisis might be lurking around the corner, waiting to upend your life. While it’s never been more clear how much. Sean Pyles is a writer at NerdWallet.

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Who is PDCflow? Meet Dawn Updike

PDC Flow

Employee professional development is an important – and valuable – part of running a business. At PDCflow, we take pride in growing our team and Marketing & Sales Manager Dawn Updike is proof that doing so is worth the investment. In her ten years with the company, she has held many positions and her list of accomplishments continues to grow. Who is PDCflow?

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Judge Grants MTD in FDCPA Case Over Alleged ‘Contradiction’ in Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because of an alleged contradiction between a statement on the front of a collection letter about obtaining more information about a debt and the validation notice disclosure that … The post Judge Grants MTD in FDCPA Case Over Alleged ‘Contradiction’ in Letter appeared first on AccountsRecovery.net.

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Consumer Financial Protection Bureau Settles with Nissan Motor Acceptance Corporation for Illegal Collections and Repossession Practices

Consumer Finance

The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.

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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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Remote Work Visa Opportunities (and How to Get There on Points)

Nerd Wallet

Due to the coronavirus pandemic, more people are working remotely than ever before. However, working remotely while living through various stages of stay-at-home orders has caused many to reconsider their living arrangements, sometimes leading to an exit from big-city living to a new location in search of more space, better weather or greater access to.

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The Digest: October 2020

True Accord

For this edition of The Digest, we’re taking stock of what we’ve learned so far from the economic impacts of COVID-19, its implications for collections and emerging fintech trends. Here are some headlines that caught our attention: What to keep an eye on: The New York Times recently published a fascinating data visualization report that shows that the number of job losses that are permanent is increasing, providing “a view of the dynamics shifting beneath the surface…of potentially lasting

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Compliance Digest – October 12

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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Consumer Financial Protection Bureau Settles Lawsuit with Debt Collectors and Debt Buyers Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

Consumer Finance

On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.

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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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Are Reverse Stock Splits a Signal to Sell?

Nerd Wallet

Would you rather have two $50 bills or one $100 bill? If you answered “it doesn’t really matter,” then you’re well on your way to understanding the immediate impact of reverse stock splits. Here’s a quick rundown of what reverse splits are and what they could mean for your portfolio. What is a reverse stock. Chris Davis is a writer at NerdWallet. Email: cdavis@nerdwallet.com.

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How To Remove Asset Acceptance LLC From Your Credit Report

Better Credit Blog

Have a collections entry from Asset Acceptance LLC on your credit report? If Asset Acceptance is on your credit report, it’s probably because you forgot about a bill. It’s important to deal with a collections agency like Asset Acceptance quickly. The longer you ignore their calls and letters, the more damage your credit could face. Fortunately, getting a collection entry off your report and putting a stop to the debt collector’s calls is simple and straightforward.

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CFPB Enforcement Actions Spike in 3Q

Account Recovery

Maybe there is something to the theory that people are far more productive when working from home than they ever were sitting inside an office. That might be one explanation why, and I say this completely with my tongue in my cheek, the number of public enforcement actions taken during the third quarter of 2020 … The post CFPB Enforcement Actions Spike in 3Q appeared first on AccountsRecovery.net.

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Steiger Consumer Law Fellowships that pays law students $6,000 for summer work now accepting applications

Public Citizen

Here's the announcement: In its seventeenth year, the Janet D. Steiger Fellowship Project offers paid summer clerkships for law students to work on consumer protection issues in the offices of State Attorneys General across the country. The Janet D. Steiger Fellowship Project provides law students the extraordinary opportunity to work in the consumer protection departments of state and territorial Offices of Attorneys General and other consumer protection agencies, including the National Ass

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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