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Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Fed Caps 2022 With 7th Rate Hike. What’s Next? originally appeared on NerdWallet.
If you are an agency that is still trying to figure out how to be able to accept payments via PayPal or Venmo, you are now two steps behind, because a new instant payment technology for financial institutions has expanded into the United States after a successful launch in Brazil. Called Pix, the technology facilitates … The post QR-Based Payment Platform Expanding into the U.S. first appeared on AccountsRecovery.net.
By Austin Calhoun, Esq. and Joseph Luna, Esq. Financial institutions are often required to make tough decisions when they receive the daunting Form 668–A, “Notice of Levy” from the IRS concerning a delinquent taxpayer’s bank account. If the IRS levies a bank account, financial institutions are required to immediately freeze all funds in the account upon receiving the Notice of Levy and must remit the balance to the IRS after 21 days (up to the amount of the unpaid tax liability).
Losing a client after establishing a relationship and putting in work efforts can be disruptive to any organization. It's especially painful if you're working as an independent contractor, freelance, or as a growing business. The loss in revenue may mean that you need to find another client immediately. There are some practical steps you can take to bounce back.
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?
Adam Geinitz and his fiance, Jeremy, had planned to elope to Puerto Rico this past September. While weather reports indicated potential storms, the couple departed from their home in Colorado for their destination wedding anyway. But during their layover in New York, the storm worsened into what would become Hurricane Fiona. And as it became. Sally French writes for NerdWallet.
The Consumer Financial Protection Bureau yesterday issued a proposed rule that would require non-banks — such as debt collectors — to report enforcement actions and court orders to a public registry that would be used to detect repeat offenders and give the CFPB and other enforcement agencies insights to help it “take action to stop … The post CFPB Proposes Creation of Repeat Offender Registry first appeared on AccountsRecovery.net.
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The Consumer Financial Protection Bureau yesterday issued a proposed rule that would require non-banks — such as debt collectors — to report enforcement actions and court orders to a public registry that would be used to detect repeat offenders and give the CFPB and other enforcement agencies insights to help it “take action to stop … The post CFPB Proposes Creation of Repeat Offender Registry first appeared on AccountsRecovery.net.
Many people struggle with asking for help from a mortgage modification lawyer when they truly need it. And when it comes to needing financial help, that task is even more difficult. There is a negative stigma associated with financial assistance that makes many people feel embarrassed or ashamed. Some may feel that others will judge them harshly or assume they are poor managers of their resources.
As a member of an underrepresented community, your existence in the business world might be slightly different than that of your peers. Whether you’re a woman, a person of color, or part of the LGBTQ+ community, the world of entrepreneurship can present unique challenges. While there are many basic ways to get started as an entrepreneur , expanding an existing underrepresented business is different.
AP. Abby Badach Doyle writes for NerdWallet. Email: abadachdoyle@nerdwallet.com. The article Co-Buying a House: How Platonic Partners Make It Work originally appeared on NerdWallet.
A District Court judge in Maryland has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case, ruling the plaintiff’s claim that the defendant did not conduct a reasonable investigation was without merit and that the plaintiff did not produce enough evidence to make his case. A copy of the ruling … The post Judge Grants MSJ For Defendant in FCRA Case Over Disputed Debts first appeared on AccountsRecovery.net.
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.
For tax years beginning in 2022, research and experimental (R&E) expenditures are no longer immediately expensed but rather must be amortized over five years (15 years for foreign expenditures). To illustrate, if a business spent $1,000 on domestic research activities in 2021, it could deduct the full $1,000 on its 2021 tax return. But, starting in 2022, $1,000 spent on research will be deducted incrementally over a five-year period; approximately $200.
If your income falls under a certain amount, you could be eligible for a special credit by putting money into qualified retirement accounts. It’s called the saver’s credit, and it started in 2018. Wondering if you qualify? We’ve got all the information you need about the saver’s credit for 2022 tax returns and the 2023 tax year so you can maximize potential tax savings.
Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article For Home Buyers, 2022 Was Brutal. Why ’23 Could Be a Bit Better. originally appeared on NerdWallet.
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Accuses CRA of Allowing Furnisher to Change DOFD first appeared on AccountsRecovery.net.
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.
Today, the CFPB proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or federal consumer financial protection agency or court orders.
Article updated December 14th, 2022. There’s always a lot of buzz about the extreme ends of the credit scoring spectrum. How can you get excellent credit? What should you do if you have bad credit ? Less attention is paid to fair credit, which is ironic considering that’s where a large segment of consumers land. While credit scoring models and lender standards differ, the average American credit score is often nestled firmly in a range that could be considered fair.
Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article 3 Ways to Make Your Small Business More Sustainable originally appeared on NerdWallet.
The Court of Appeals for the Ninth Circuit has upheld a ruling in favor of the Consumer Financial Protection Bureau against a company and its owner that were sued for allegedly mailing deceptive solicitations to individuals that advertised help in applying for scholarships, determining that the owner meet one of the definitions for a “covered … The post Appeals Court Upholds Ruling for CFPB in Case Over Deceptive Solicitations first appeared on AccountsRecovery.net.
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.
All companies take payments but many don’t understand how the payment industry works behind-the-scenes. The digital payments landscape is complex, and with new technologies emerging, the greater payment ecosystem continues to evolve. It’s true you don’t need to be a payment expert to run a business, manage an office or head up an accounts receivable team.
In This Piece. Gather Information Request Verification of Debt File a Dispute Make Sure It’s Listed as Medical Debt Can You Negotiate Medical Bills in Collection? Know Your Rights. Are you struggling with medical debt? Are you tired of medical collectors calling? If so, you’re not alone. Studies show that Americans owe more than $88 million in medical debt.
Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com. Twitter: @[link]. The article Fed Easing Rate Hikes May Be Good News for Housing Market originally appeared on NerdWallet.
JUDGE GRANTS MTD FOR LACK OF STANDING IN FDCPA CASE WHERE LETTER WAS SENT TO REPRESENTED INDIVIDUAL Sending a letter to an individual who is represented by an attorney is not automatically a violation of the Fair Debt Collection Practices Act, a District Court judge in Illinois has ruled, determining that the injuries alleged to … The post Daily Digest – December 14.
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.
Tiffany Curtis writes for NerdWallet. Email: tcurtis@nerdwallet.com. The article 5 Ways to Handle Debt During Inflation originally appeared on NerdWallet.
SUIT ACCUSES COLLECTOR OF ATTEMPTING TO COLLECT ON NON-EXISTENT LEASE A debt collector has been sued for allegedly violating the Fair Debt Collection Practices Act and the Fair Credit Reporting Act for attempting to collect on an account that was placed with the agency for an apartment lease — which the plaintiffs claim was never … The post Daily Digest – December 16.
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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