October, 2020

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. The session was a tremendous success and the feedback I received from all the attendees was great.

System Update: Law Firms Must Move from Analog to Digital Processes

NCBA Law Practice Management Blog

As the pandemic grinds on, law firms continue to see fewer opportunities to meet clients and referral sources in person. With no clear end in sight, law firms should be prepared to hunker down for the long-term.

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PMSD SUCCESSFULLY OVERTURNS NYU ACTION SUSPENDING STUDENTS FOR CONDUCT DURING SUMMER BREAK

Price Meese

Karen Edler and Jackie Esposito, attorneys in Price, Meese, Shulman & D’Arminio, P.C.’s s Education Law Group, successfully litigated an Article 78 proceeding in New York’s Supreme Court vindicating the rights of three New York University (“NYU”) students, and returning them to the classroom.

October 15 Tax Filing Deadline

Credit Corp

Most years, the deadline to file your federal income tax is on or around April 15. In 2020, the federal government extended that deadline to July 15 because of potential delays and obstacles caused by the COVID-19 pandemic.

TrueAccord continues to grow rapidly in Lenexa, KS

True Accord

Back in 2019, TrueAccord pledged to hire 50 new Lenexa team members every year until reaching our goal of 150.

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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.

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Line ‘Em Up: The Secret to Hiring Is Gaining Massive Business Efficiency First

NCBA Law Practice Management Blog

Imagine if Henry Ford had tried to create massive efficiency within the automotive industry, and just hired people, before he started building assembly lines. It would have been a disaster. At that point, one of the greatest innovations of the 20th Century becomes just another Hindenb u rg disaster.

The do’s and don’ts of preparing for Open Enrollment

Kasasa

Open Enrollment — and Medicare’s Annual Election Period — can be overwhelming. W ith so many options to choose from in a short amount of time, it can be pretty confusing and hard to keep up with. B ut help is on the way !

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From Blogs to Apps: 11 Financial Resources for Women

Credit Corp

Women often face unique challenges when managing their personal finances. One of those, for example, is the gender pay gap. According to PayScale, in 2020 women make on average 81% of what men earn in the workplace.

New Late Payment proposals to help SME’s ‘not enough’

UK debt collections

Under new proposals being drawn up by the government, large companies could now face fines or court orders if they fail to pay their smaller suppliers on time.

Fall in Michigan: Safely Handling Deer/Automobile Accidents

Fraser

You did the right thing… you did not swerve but have hit a deer… now what? During the next couple of months there will be thousands of deer/car accidents in both rural and suburban Michigan.

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CFPB Stands Behind Collector for Itemizing Debt in Letter

Account Recovery

Thanks to the team at Ballard Spahr for noticing that the Consumer Financial Protection Bureau filed an amicus brief in support of a debt collector’s position that it did not violate the Fair Debt Collection Practices Act when it included line items indicating that an individual owed $0.00

No Direction Home: What To Do With Clients Who Don’t Want a Lawyer

NCBA Law Practice Management Blog

There are legal consumers out there who don’t want you, you know.

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.

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Price of Softwood Lumber, Natural Gas Increase By Double-Digit Percentages in September

NACM

September brought about an increase in construction input prices in large part due to the rising cost of softwood lumber, which has become 80% more costly than in September 2019. In Associated Builders and Contractors' (ABC) latest analysis of U.S.

How SBA Lenders Ensure Expense Recovery in Loan Liquidation and Litigation

Jimerson Firm

Lenders should be cognizant about what expenses are classified by the SBA as recoverable or non-recoverable. The SBA does not pay for non-recoverable expenses, such as any fee or cost incurred that was not necessary, reasonable or customary.

Consumer Financial Protection Bureau Releases Advance Notice of Proposed Rulemaking on Consumer Access to Financial Records

Consumer Finance

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking requesting information related to consumer access to financial records. Press release Rulemaking

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Barrett Confirmed to Supreme Court, and What it Could Mean for the ARM Industry

Account Recovery

The Senate yesterday confirmed the nomination of Amy Coney Barrett to be the next Associate Justice on the Supreme Court, replacing Justice Ruth Bader Ginsburg who passed away last month.

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Off Day: Lawyers Never Stop Working, But They Should

NCBA Law Practice Management Blog

Many people have a vision of white color workers sitting in comfortable office spaces. when they’re not golfing. Small business owners cry foul. The fact of the matter is that most small business owners are working all the time: at night, before dawn, on the weekends. Running a business is hard.

9 Low-Cost Ways to Make Virtual Learning Easier for Kids

Nerd Wallet

Amid the COVID-19 pandemic, with millions of schoolchildren still learning remotely as the weather turns colder, some might benefit from a few investments in their at-home experience. The following items, all under $15, can help make distance learning more appealing to even the youngest learners.

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Non-Bankruptcy Litigation in Bankruptcy Court

PBWT

It seems to be a common misunderstanding, even among lawyers who are not bankruptcy lawyers, that litigation in federal bankruptcy court consists largely or even exclusively of disputes about the avoidance of transactions as preferential or fraudulent, the allowance of claims and the confirmation of plans of reorganization.

Don’t Get Tricked: Identity Protection Tips You Need

Credit Corp

The weather is turning, fall is in the air, and Halloween is around the corner—which means it’s National Cybersecurity Awareness Month. How can you ensure October is full of treats while not falling for any scammers’ tricks? By arming yourself with these identity protection tips.

Construction Industry Concerned Over Pandemic’s Long-Term Impacts

NACM

Eight months into the pandemic, construction professionals are raising concerns over potential long-term impacts leading into the coming year.

Tennis Legend accused of ‘hiding’ Trophies from Debt Collectors

UK debt collections

Tennis legend Boris Becker has appeared in court at Southwark Crown Court in London , accused of failing to hand over his trophies to help clear unpaid debts. Becker had been declared as bankrupt in 2017 due to a large debt owing to a bank.

Clark Hill Adds Industry Leader Leslie Bender as Financial Services Regulatory and Privacy Lawyer in D.C.

Account Recovery

WASHINGTON, D.C., October 19, 2020 – Clark Hill PLC today announced Leslie C. Bender has joined the firm as Senior Counsel in its Financial Services Regulatory & Compliance group in Washington, D.C.

I Refinanced My Mortgage. Here’s What Happened to My Credit Score

Nerd Wallet

When interest rates started to drop in the spring of 2020, my husband and I took notice. We watched as the rates on both fixed-rate and adjustable-rate mortgages continued to slide to historic lows.

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Consumer Financial Protection Bureau Issues Final Rule Extending the GSE Patch

Consumer Finance

The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage loan definition in Regulation Z. Press release Regulation Z Mortgages

Bill Proposes Sweeping Changes to Protect Workers in Chapter 11

PBWT

On September 29, 2020, the House Judiciary Committee advanced H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, a Democrat-sponsored bill, to the full chamber.

IRS Announces 2021 Increases for HSAs

Fraser

The IRS has released its 2021 annual inflation adjustments for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code.

Top Private Schools Association partners leading Debt Collection Agency

UK debt collections

A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections. In a statement on their website, the Independent Schools Association ( ISA ) has given Frontline Collections a ‘Gold Supplier Status’ for it members.

Encore to Pay $15M to Settle CFPB Lawsuit

Account Recovery

The Consumer Financial Protection Bureau today 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.