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The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay a fine of $41,500. A copy of the settlement can be accessed by … The post Debt Collector to Turn Over $20M in Accounts Under Settlement With Georgia AG appeared first on AccountsRecovery.net.
Since the founding of American Profit Recovery and the day we opened our doors, we have always wanted to do what was right. That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. We have always wanted to do our part.
While it's true that no one could have predicted the pandemic, entrepreneurs started 4 million new businesses in 2020. E-commerce and other online services saw a boom as brick-and-mortar businesses shut down. Then, just as it seems like the world would reopen, the Delta variant has business owners trying to decide what to do next. If you're wondering how to grow your business during this pandemic, keep going with these tips.
Robin DeGracia’s kids have been traveling since they were in diapers. No, really. Her son was just 3 months old when she took him on his first flight. She remembers because he was in a baby carrier and she spent a lot of time on the flight walking with him up and down the airplane. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com. Twitter: @inkwaves.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Credit card lenders and financial institutions are apparently a little leery of the state of the economy and consumer’s ability to meet their financial obligations and are keeping balance limits largely stationary for the time being, except for one group of consumers — and it’s probably not the group you would guess — according to … The post Credit Card Limits Back on Rise For Most Types of Consumers: CFPB appeared first on AccountsRecovery.net.
To appeal an issue in Florida after the conclusion of a trial, insurers must have raised that issue during the trial. This is known as preserving appellate rights. The Florida state court rules and federal rules governing the preservation of appellate rights are largely the same. However, in either jurisdiction, properly preserving your appellate rights can be tricky.
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To appeal an issue in Florida after the conclusion of a trial, insurers must have raised that issue during the trial. This is known as preserving appellate rights. The Florida state court rules and federal rules governing the preservation of appellate rights are largely the same. However, in either jurisdiction, properly preserving your appellate rights can be tricky.
When’s the best time to make a new financial resolution? On January 1st? On your birthday? If you need an excuse to get back on track financially, you can begin a fresh chapter on August 14th—National Financial Awareness Day. Think of National Financial Awareness day as your financial New Year. All those financial goals you’ve set? Now’s the time to put them in motion.
Marriott has several world-famous beach hotels, but it also has many great oceanfront properties in the U.S. you may be unfamiliar with. Whether you’re planning a family road trip, or flying from coast to coast or beyond, this guide highlights just a few of the lesser-known — but equally beautiful — hotels where Marriott Bonvoy members. Ramsey Qubein writes for NerdWallet.
DEBT COLLECTOR TO TURN OVER $20M IN ACCOUNTS UNDER SETTLEMENT WITH GEORGIA AG The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay … The post Daily Digest – August 13.
Lenders who move for summary judgment under Florida’s new summary judgment standard will likely enjoy more favorable outcomes. The court’s more rigorous review of attempts to withstand summary judgment will change expected litigation outcomes, impact litigation strategy, and largely benefits lenders. How Does Florida’s New Summary Judgment Standard Differ From Its Old Summary Judgment Standard?
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
A car is a necessity for a lot of us—either for work, school or just getting around every day. But not everyone can afford a decent car outright. Enter the auto loan. They’re a convenient way to split the cost into affordable monthly chunks. So, what is a good credit score to buy a car? In short, you’ll probably get a better interest rate if your score is over 661.
As your financial and professional lives become more complex, going it alone will only get you so far. We all need advice, encouragement and a sounding board from time to time. Leaning on family and friends can help, but it can be difficult for loved ones to give you objective advice. That’s why you need. Kelsey Sheehy writes for NerdWallet. Email: ksheehy@nerdwallet.com.
A District Court judge in Arizona has granted a defendant’s motion to dismiss a class action complaint after it was sued for allegedly violating the Fair Debt Collection Practices Act for using language in a collection letter that made it seem as though both the defendant and the original creditor were going to report the … The post Ariz.
In Florida, non-competes may be enforced by professional service providers so long as they are reasonable in time, area, and line of business. In addition, the non-compete must also protect a “legitimate business interest,” as defined by Section 542.335 of the Florida Statutes. The statute defines legitimate business interests through a non-exhaustive list, which includes “customer, patient, or client goodwill.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Debt collection is a highly regulated business, the companies that thrive in this setting are leaders in compliance and certification. The Consumer Financial Protection Bureau (CFPB) released its final ruling for Debt Collection Regulation F (effective November 30th, 2021), which was designed to provide more information for consumers and enable them to communicate with debt… The post The Impact of the CFPB’s Debt Collection Regulation F on the Top Debt Collection Agencies. appeared first o
Growth is a naturally occurring component of life, and the same is true for the life of your small business. As rabbi and psychiatrist Abraham Twerski explains in his viral YouTube video, “The stimulus for the lobster to be able to grow is that it feels uncomfortable.” His words are a reminder that stress doesn’t. Hillary Crawford writes for NerdWallet.
A company that services online loans made to consumers has agreed to pay $1.6 million in a settlement with the Attorney General of Massachusetts after it was accused of using abusive debt collections that violated state regulations. The company, Avant, was accused of making excessive telephone calls to individuals with unpaid debts and of failing … The post Online Lender to Pay $1.6M Fine In Settlement With Mass.
The recent tragedy of the Champlain Tower collapse in Surfside, Florida, has brought an even greater focus on building safety and maintenance by governments, building owners, and condominium and community associations throughout Florida. As efforts are made to inspect and ensure the safety of buildings across the state, building owners, and condominium and community associations in charge of managing and maintaining buildings, need to be keenly aware of section 95.11(3)(c), Florida Statutes.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
In 2019, Todd Johnsen, Snap Finance’s Senior Manager of Collections Vendors, was charged with doing something that had never been done at Snap before: developing a third-party collections program. According to Johnsen, “At that time, the only recovery program for charge-off accounts was a call-and-collect settlement at tax season. I knew we could do better, but we’d have to start from scratch.
Business insurance is one of the most important investments you can make as a small business owner. The right business insurance coverage will protect your company from the financial impact of potential lawsuits, property damage or loss, personal injury and more. But what does business insurance cover? Just as all businesses are not created equal, Katherine Fan writes for NerdWallet.
A District Court judge in Massachusetts has denied a credit repair organization’s motion to dismiss after it was sued by the Consumer Financial Protection Bureau and the state of Massachusetts for allegedly collecting upfront fees and misrepresenting its effectiveness at improving the credit scores for individuals who signed up for its services, ruling that the … The post Judge Denies Credit Repair Org’s MTD in Suit Filed by CFPB appeared first on AccountsRecovery.net.
The events of the last year had a huge impact on the accounts receivable industry. The pandemic disrupted business operations and transformed debt collection security and compliance procedures. Standards that have been in place for a decade or more were no longer viable and agencies were forced to adopt digital collection practices almost overnight.
Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Here , by Amelia Pollard. Excerpt: Conservative pro-business groups have hit upon a new tactic to protect its members’ interests: outright purchasing of grassroots support. Late last week, David Chami, an Arizona attorney who specializes in consumer protection, received an email from Drew Johnson, who identified himself as working with the U.S. Chamber of Commerce.
The thing about anxiety is that it doesn’t always listen to reason. If you’re vaccinated and still worried about getting on a plane, it might not be a matter of waiting for the right reassurance from the Centers for Disease Control and Prevention or other experts. You might look for help dealing with the anxiety. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.
GETTING TO KNOW CHAD ECHOLS OF THE ECHOLS LAW FIRM Reading his answers, it is easy to see how Chad Echols has become one of the most respected defense attorneys in the accounts receivable management industry. Measured, honest, and introspective, Chad’s personality in a way mirrors the types of cases he likes best. Read on … The post Daily Digest – August 12.
The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic.
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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