Sat.Jul 24, 2021 - Fri.Jul 30, 2021

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CFPB Announces Nov. 30 Effective Date For Regulation F

Account Recovery

The Consumer Financial Protection Bureau announced today that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. “The CFPB has now determined that such an extension is unnecessary,” it said in a press release. “Following this announcement, the CFPB … The post CFPB Announces Nov. 30 Effective Date For Regulation F appeared first on AccountsRecovery.net.

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B2B Collections: How to Convert Aging Receivables to Cash

Enterprise Recovery

If you've been putting off the headache of collections, you've likely also been asking, "how can I improve my cash flow?" The two go hand-in-hand. When you're not following up on invoices that are getting older, your chances of collecting on them go down. That means you're working for no pay and that's no good. Instead, use these B2B collections steps to convert aging receivables and improve cash flow.

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Is a collection agency a great place to work?

American Profit Recovery

We are often asked the question of whether working in the collection industry is a smart career choice. Our answer is simple, and it is an affirmative yes! And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

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First-Time Home Buyer Programs by State

Nerd Wallet

Exploring local and national first-time home buyer assistance programs is an important step in the journey to homeownership. Many state housing authorities combine closing cost and down payment assistance programs with mortgages that have favorable interest rates. Some states even offer tax credits you can use on your federal tax return. These first-time home buyer assistance.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Senate Republicans Still Seeking Answers About Report That Administration Tried to Replace Employees at CFPB

Account Recovery

Senate Republicans are continuing to try and get answers about whether the leadership of the Consumer Financial Protection Bureau potentially violated civil service protections by trying to get career employees at the Bureau to resign so that they could be replaced by “handpicked loyalists.” After not getting any answers from Rohit Chopra, who has been … The post Senate Republicans Still Seeking Answers About Report That Administration Tried to Replace Employees at CFPB appeare

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Debts That Can’t Be Discharged During Bankruptcy

Sawin & Shea

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.

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6 Times Short-Term Life Insurance Is a Good Idea

Nerd Wallet

With COVID-19 shutdowns easing across the country, many Americans are finding themselves in a time of transition. If you’re switching jobs, working on your health or trying to pay off a debt, a short-term life insurance policy could cover you until your situation changes. How does short-term life insurance work? There are two types of. Katia Iervasi writes for NerdWallet.

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WDWA Judge Partially Denies MTD in FDCPA Case Over Amount of Debt

Account Recovery

A District Court judge in Washington has mostly denied a defendant’s motion to dismiss — she did grant it on one count of the claim — in a Fair Debt Collection Practices Act case in which the debt collector was accused of attempting to collect a debt that the plaintiff claimed she did not owe. … The post WDWA Judge Partially Denies MTD in FDCPA Case Over Amount of Debt appeared first on AccountsRecovery.net.

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CFPB Confirms Effective Date for Debt Collection Final Rules

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 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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6 reasons why you MUST ask for a part payment.

Collect More

Everywhere I go, everyone I talk to, every business that I help I recite my mantra: “What is the absolute most you can pay today?” These 9 words are the reason we collect millions of dollars every year and teach others to do the same. Most people have the same limited mindset- full amount or zero. Everything or nothing. Almost nobody thinks about that enormous middle section- part payments.

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Low Home Appraisal? What to Do if You Suspect Discrimination

Nerd Wallet

As interest rates fell and home prices rose last year, Carlette Duffy of Indianapolis applied to refinance her mortgage and got a gut-punch of a surprise when the appraisal came in. Duffy estimated her home was worth $185,000, but the appraisal ordered by the lender valued her home at $125,000. She purchased a market analysis, Barbara Marquand writes for NerdWallet.

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Remote Work, SB248 Lawsuit, and More Discussed During Day 2 of ACA’s Convention

Account Recovery

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the pandemic. Most Attendees Want Employees … The post Remote Work, SB248 Lawsuit, and More Discussed During Day 2 of ACA’s Convention appeared first on Accou

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Construction Bid Protests in Florida: Top 10 Things Contractors Should Know

Jimerson Firm

Once a contractor in Florida receives notice that an agency soliciting bids intends to award a contract to another bidder, the contractor may wonder why its bid was unsuccessful. If a contractor believes its bid should have been the winning one, Florida law allows the contractor to protest the soliciting agency’s award. The process for bid protesting can be a tricky one.

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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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Top certification programmes for bookkeepers and accountants in 2021

Debtor Daddy

Whether you’re wanting to up-skill or fill in the gaps in your existing knowledge, we have outlined some of the top free certifications that are currently on offer for bookkeepers and accountants. 1. Debtor Daddy – Debtor Management Software. With Debtor Daddy’s certification program you’ll learn how to deliver a highly efficient and profitable debtor management service your clients will love.

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Estate Tax Planning: How Does Your Strategy Look?

Nerd Wallet

You’ve accumulated assets during your lifetime and may want to transfer wealth to your heirs or a favorite charity. As you make estate planning arrangements, don’t forget that estate taxes may come into play, potentially reducing the size of your estate or disrupting your aspirations. Being diligent about estate tax planning can help manage your. Tiffany Lam-Balfour writes for NerdWallet.

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Daily Digest – July 30. Remote Work, SB248 and More Discussed at ACA; Judge Partially Denies MTD in FDCPA Case

Account Recovery

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and … The post Daily Digest – July 30.

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What Is a Good Mortgage Interest Rate and Other APR Info

Credit Corp

The interest rates for different types of debt vary widely. What is considered “good” for one would be considered exorbitant for another—and vice versa. A “good” interest rate for you is the lowest one you can get with the most favorable terms. But what is good for you might not be good for someone else. Ultimately, a good interest rate for you will come down to factors that include your credit score , income, and total debt.

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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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Automation Solutions: How to Identify Areas of Opportunity in AR

PDC Flow

How much of your staff’s time is spent doing repetitive tasks? How much of that time could they devote to more important issues? Automating these simple processes streamlines day-to-day responsibilities. If you manage operations for your call center , collection agency or office, identifying automation solutions that will impact your business should be a priority.

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With PPP Closed, Small Businesses Have These Funding Options

Nerd Wallet

As the economy bounces back and the U.S. transitions out of the pandemic, small-business owners will need access to capital to both recover and grow. However, since federal relief from the Paycheck Protection Program ended on May 31, business owners may be wondering where to get financing or looking for new options after an unsatisfactory. Randa Kriss writes for NerdWallet.

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Debexpert Launches the World’s First Mobile App for Delinquent Debt Sellers

Account Recovery

Debexpert, an online platform for buying and selling NPLs (Non-Performing Loans), has launched the world’s first mobile app for debt portfolio sellers. The Debexpert app, which is available for Android and iOS mobile devices, implements the basic functionality of the online auction familiar to users of the desktop version. Now, you can monitor and take … The post Debexpert Launches the World’s First Mobile App for Delinquent Debt Sellers appeared first on AccountsRecovery.net.

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Two elite law reviews sneer at consumer law

Public Citizen

by Jeff Sovern. I have started submitting my article, Six Scandals: Why We Need Consumer Protection Laws Instead of Just Markets , to law reviews and in hopes of winning the law review lottery, decided to try my luck at the Harvard Law Review and Yale Law Journal (as if, as my students said about twenty years ago). Anyway, both ask submitters to identify the subject area of the article and offer a list of legal subjects from which to choose.

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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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CFPB Releases Online Tool to Help Renters and Landlords Access Federal Assistance

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses.

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The 5 Worst Investment Tips on TikTok

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. Do-it-yourself is fine when the stakes are low; everything you need to know about patching drywall is on TikTok. But what about when the stakes are high?

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Ontario Systems Partners with RevSpring to Offer a Digital Financial Engagement Solution

Account Recovery

BURLINGTON, Mass. (July 28, 2021) – Ontario Systems, a leading provider of enterprise software that automates complex workflows, accelerates revenue recovery, and removes friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets, today announced a strategic partnership with RevSpring, a leader in financial communications and payments solutions.

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Top 10 Things to Do after Buying a Used Car

Credit Corp

This article originally appeared on The Financially Independent Millennial and was republished with permission. When consumers purchase a car, there are several things to think about. While the primary process has been handled entirely with test drives and dealerships or private sellers, it’s up to you to continue further down the checklist to get the most out of a used car.

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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