Sat.Apr 16, 2022 - Fri.Apr 22, 2022

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Can I collect against a Massachusetts debtor if I’m from out of state?

Collections Law

As a business owner or manager, collecting unpaid debt is likely not your favorite part of your job. At times it may seem frustrating and fruitless. The process becomes even more problematic when your debtor is located in another state. Even if you do achieve a judgment in your own state, you have the added step of needing to domesticate the judgment in the debtor’s state.

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Credit Card Debt Has Dropped, But Inflation May Change That

Nerd Wallet

Over the past few years, credit card balances were paid down and delinquent accounts became less common. But two years after the COVID-19 pandemic began, those trends — spurred by increased savings and relief programs — could evaporate, especially as inflation soars. The pandemic economy unexpectedly changed many households’ finances for the better — personal.

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Flipping the Script: Collecting with Kindness

True Accord

Historically, debt collectors have been depicted as hostile, intimidating or downright rude – and over the years they’ve confirmed those stereotypes through aggressive phone calling and deceptive tactics. But to what success and at what cost? We know there’s a better way. The idea of compassionate, considerate consumer communication is behind TrueAccord’s approach to debt recovery and drives our innovation, and based on what we’ve seen, we believe there’s a lesson to be learned for others

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Daily Digest – April 22. Judge Grants MTD in Hunstein Class Action; CFPB, NY AG Sue MoneyGram

Account Recovery

JUDGE GRANTS MTD IN HUNSTEIN CLASS-ACTION FOR LACK OF STANDING A District Court judge in New York has granted a defendant’s motion to dismiss a Hunstein class-action lawsuit, albeit for lack of standing, because the plaintiff failed to plead that using a letter vendor violated his privacy and that anyone at the vendor reviewed or … The post Daily Digest – April 22.

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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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3 Ways to improve your finances during financial literacy month

American Profit Recovery

April is Financial Literacy Month and if you are a consumer that is struggling to meet your financial obligations, this is a chance for you to educate yourself on ways you can improve your financial health. There are so many ways available to consumers to get back on track and not be in debt anymore. It just takes a little commitment on your part and a willingness to free yourself from the burden of debt.

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CFPB Releases Report on Financial Challenges Facing Rural Communities

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills.

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Survey Reveals Employees Want Hybrid Work Schedules

Account Recovery

We talked about this yesterday on The Talk-Off and it’s especially timely as companies across the country, including those in the accounts receivable management industry, seek to figure out whether employees need to be in the office 100% of the time, if there isn’t a need for an office at all, or if the answer … The post Survey Reveals Employees Want Hybrid Work Schedules appeared first on AccountsRecovery.net.

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Why healthcare practices need to use a medical debt collection agency

American Profit Recovery

There is one simple fact that we know from handling debt collections for health care professionals across the country for many years. Professionals that go to school to be able to serve others want to focus on just that. Doctors and other medical professionals need to focus their time on serving patients and providing the necessary care they require.

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Investing for Parents: Save for Retirement, Avoid These Mistakes

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. One of the first times I started to panic about money was when I found out I was pregnant. Elizabeth Ayoola writes for NerdWallet.

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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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CFPB Report Spotlights Medical Billing Challenges

Consumer Finance

A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and collection complaints submitted to the CFPB.

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FTC Provides $5M in Refunds to Consumers Scammed by Collectors

Account Recovery

The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act. The FTC took action against 17 defendants last year for allegedly … The post FTC Provides $5M in Refunds to Consumers Scammed by Collectors appeared first on AccountsRecovery.net.

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4 Ways We’re Reimagining Financial Capability

Prosperity Now

Each of us, whatever our race and economic background, should be able to control our financial lives.

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What Does a Real Estate Agent Do?

Nerd Wallet

A real estate agent is a professional who helps people buy and sell properties. But there’s more to it than that. Here’s a primer on what real estate agents are (and aren’t) and the different roles agents can take on in a real estate transaction. What is a real estate agent? Real estate agents are. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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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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CFPB and NY Attorney General Sue Repeat Offender MoneyGram For Leaving Families High and Dry

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today announced they are filing a lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram)—one of the largest remittance providers in the U.S.—for systemically and repeatedly violating various consumer financial protection laws and leaving families high and dry.

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Judge Grants MTD in Hunstein Class-Action for Lack of Standing

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Hunstein lawsuit, albeit for lack of standing, because the plaintiff failed to plead that using a letter vendor violated his privacy and that anyone at the vendor reviewed or otherwise saw the plaintiff’s information. A copy of the ruling in … The post Judge Grants MTD in Hunstein Class-Action for Lack of Standing appeared first on AccountsRecovery.net.

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Insolvency Service continues to target Bounce Back loan abusers

UK debt collections

The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their respective businesses. In separate bounce back loan applications, Junaid Dar, aged 31 and from Birmingham, in addition to David Michael Godderidge aged 40, from Tamworth, falsely applied for bounce back loans.

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Find Out What Big Data Says About You — and Fix It

Nerd Wallet

I thought I knew all about the information that consumer reporting agencies were collecting on me. Then I discovered The Work Number — a database that reports every paycheck I’ve received from my company, with net and gross amounts, going back to my hire date six years ago. Another consumer reporting agency shows the results. Liz Weston, CFP® writes for NerdWallet.

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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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How to File a Dispute with TransUnion

Better Credit Blog

For most of us, working hard to achieve and maintain a good credit score is an inescapable part of modern life. Checking the credit reports of potential employees (with their permission) is an established practice for businesses. In a survey conducted in 2012, 1 in 7 respondents said they’d been denied a job because of a blemished credit history. Additionally, 1 in 8 respondents said that their poor credit score was due to “errors” in their report.

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CFPB, NY AG Sue ‘Repeat Offender’ MoneyGram as Company Vows Not to be ‘Strong-Armed’

Account Recovery

Continuing to fulfill its commitment to going after repeat offenders, the Consumer Financial Protection Bureau — in partnership with the Attorney General of New York — yesterday announced a lawsuit against MoneyGram Payment Systems for “systematically and repeatedly violating” consumer protection laws by failing to deliver funds promptly and failing to train employees about how … The post CFPB, NY AG Sue ‘Repeat Offender’ MoneyGram as Company Vows Not to

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Equitable Mootness Applied Again: The Fifth Circuit Refuses to Hear an Appeal

PBWT

The Fifth Circuit recently dismissed an appeal of a confirmation order as equitably moot. The decision was based on three key factors: the appellant hadn’t obtained a stay pending appeal, the plan had been substantially consummated, and practical relief couldn’t be fashioned if the plan was unwound. Talarico v. Ultra Petro. Corp. (In re Ultra Petro.

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Commodity Explained

Nerd Wallet

What are commodities? Commodities are raw materials or agricultural products that are often used to produce finished goods. Many different types of commodities exist today, but broadly they can be broken down into three distinct categories: Energy. Commodities in the energy sector include crude oil, natural gas, coal and other fossil fuels. Metals. Some of.

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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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Debt Collection quotes and what you should look for

UK debt collections

Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4) was launched to marry creditors with suitable debt collection agencies. Since its launch nearly 10 years ago, Best4 has helped thousands of Businesses and personal individuals recover what they are owed.

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Daily Digest – April 18. Judge Remands FDCPA Case Back to State Court; CFPB Releases Annual FDCPA Report

Account Recovery

JUDGE REMANDS FDCPA BASE BACK TO STATE COURT Standing, with respect to Fair Debt Collection Practices Act lawsuits these days, is not necessarily always a black-and-white situation. Whether a plaintiff suffered a concrete injury sufficient enough to have standing to sue in federal court is a moving target, but judges have generally indicated that in … The post Daily Digest – April 18.

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Director Chopra’s Prepared Remarks on the Lawsuit Against MoneyGram

Consumer Finance

Millions of individuals from around the world sacrifice proximity to their loved ones to seek a better life and financial stability in our country. But they know that on the other side, when their money transfers are received, they are supporting elderly parents, siblings, spouses, and sometimes their own young children. Each year, American families send more than $100 billion abroad using international money transfers, also known as remittances.

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Lavu POS Review 2022: Pros, Cons, Alternatives

Nerd Wallet

Lavu is a point-of-sale, or POS, system for restaurants. Its software includes features that cater to food businesses — such as letting you manage meal orders in person and online and tracking menu performance. Lavu also sells hardware and offers payment processing services. Consider Lavu if you want an all-in-one or customizable restaurant POS system.

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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