Debt Guru
JUNE 28, 2022
It’s estimated that some 60 million American households regularly carry outstanding credit card balances. According to a WalletHub study, the average household’s credit card balance is $8,425. We know what this means: Carrying a balance (meaning you don’t pay off your total amount due every month) incurs interest (meaning you’re actually paying more than you owe on your card).
NCBA Law Practice Management Blog
JUNE 29, 2022
Every interaction a law firm has with a client is a marketing opportunity, a chance to cement your value as a service provider And, there’s actually no better place to solidify that relationship than through your invoicing. It’s a continuous, repetitive option for remind ing your client of what you’ve done for them. It places your value proposition in stark relief.
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Dear Debt
JUNE 27, 2022
Hey debt fighters! It’s been a while but we’re back! If you’d like to write a dear debt letter, get in touch with me. Today’s dear debt letter is from… Related Posts: Dear Debt, This Won't Last. Blog. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. 6 Clever Money-Saving Hacks to Reach Your Financial Goals.
Account Recovery
JUNE 29, 2022
Rohit Chopra, the Director of the Consumer Financial Protection Bureau, has finally gone too far, in the eyes of the U.S. Chamber of Commerce and three national banking trade groups, who yesterday started campaigns to draw attention to what they labeled as Chopra’s “radical agenda and reckless actions.” The Chamber of Commerce launched an advertising … The post Groups Launch Ad Campaign, Issue White Paper, Detailing ‘Unlawful’ Actions at CFPB appeared first on
Speaker: Anna Tiomina, MBA
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?
Enterprise Recovery
JULY 1, 2022
When you've exhausted time and resources chasing down an unpaid invoice, it's time to send that invoice to third-party collections. If the client isn't responsive to your efforts to connect or they're refusing to pay or cannot pay, it's time to send the account to third-party collections. If you've written off the account as bad debt, it's still time to send it to third-party collections.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
JUNE 28, 2022
Collection agencies offer two types of collection services to their clients. “ Fixed Fee ” and “ Contingency Only ” service. In the Fixed fee service a collection agency sends multiple written demands only. In the Contingency service one written debt validation notice is sent followed by collection calls from an experienced debt collector.
Account Recovery
JULY 1, 2022
A New Jersey Appeals Court has upheld a ruling in favor of a debt collector that was sued for filing a collection lawsuit against an individual, after the individual claimed, among other issues, that the collector should not have been allowed to file suit during the pandemic because of a clause in the agreement with … The post N.J. Appeals Court Upholds Ruling Over Suit Filed During Pandemic appeared first on AccountsRecovery.net.
Sawin & Shea
JUNE 29, 2022
If, like many, you are struggling with debt and are behind on payments, you may be stressed out by all of the calls you are receiving from your creditors. While it is normal and expected for debtors to receive calls or notices in the mail or email from their creditors and debt collectors, it is not okay for them to harass you or intimidate you. Creditor harassment is unlawful, and there are many other things that debt collectors don’t want debtors to know to make it easier for them to get away w
Nerd Wallet
JUNE 30, 2022
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. Everybody’s piling into the “we’re raising prices due to inflation” game. Is it corporate greed or something else that’s.
Speaker: Melissa Hurrington
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.
Consumer Finance
JUNE 28, 2022
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone.
Account Recovery
JUNE 27, 2022
A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that emails sent to the plaintiff by the defendant did not violate the statute. The case presents an interesting twist on standing to sue under the FDCPA and communicating with consumers via … The post Judge Grants MSJ for Defendant in FDCPA Case Over Email Sent to Represented Plaintiff appeared first on AccountsRecovery.net.
UK debt collections
JUNE 28, 2022
A fake lawyer has been charged in connection with offences in a County Court hearing. The man has admitted posing as a lawyer at Coventry County Court when he does not have the necessary legal qualifications. The individual is named Naveed Rai, who resides in Bromsgrove. Rai pleaded guilty at Gloucester Crown Court on June 23 to three charges brought by the Solicitors Regulation Authority.
Nerd Wallet
JUNE 29, 2022
Buy now, pay later services are an increasingly popular way to purchase products online. These services often target young shoppers through social networks and promote the ability to purchase products like clothing or makeup via a small down payment followed by installment payments to cover the difference. But it’s not just physical stuff that you. Sally French writes for NerdWallet.
Speaker: Susan Richards
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.
Consumer Finance
JUNE 27, 2022
Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws.
Account Recovery
JUNE 29, 2022
Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that the Fair Credit Reporting Act does not preempt states from enacting their own credit reporting laws, … The post CFPB Issues Rule Outlining How States Can Enact Credit Reporting Laws appeared first on AccountsRecovery.net.
UK debt collections
JUNE 27, 2022
Debt recovery efforts at Dorset Council are returning to normal following two years of a ‘light touch’ approach due to the pandemic. Dorset Council Executive director for finance Aidan Dunn told councillors that one of the areas of concern remained debts to the authority although officers were being mindful of the pressures many residents were now under because of the rapidly rising cost of living increases.
Nerd Wallet
JUNE 30, 2022
As you drive by “for sale” signs during your search for your next home, you may spot one that says “contingent” or “pending.” These are sort of limbo states for homes that happen when the seller has accepted an offer but the transaction is not yet finished. In these cases, the home could become available. Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com.
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.
Public Citizen
JUNE 29, 2022
Vijay Raghavan of Brooklyn has written Shifting Burdens at the Fringe, 102 Boston University Law Review (2022). Here's the abstract: Scholars are increasingly arguing that consumer law can be a site of distribution. This raises at least two concerns: the classic argument associated with Louis Kaplow & Steven Shavell against redistributing income through legal rules, and a more recent concern that additional equity in consumer law will mean less equity in other important domains.
Account Recovery
JUNE 29, 2022
A new payment platform, which allows consumers to split payments across multiple debit and credit cards, has announced that it has raised $5.5 million to help it launch. Among the investors in the platform are Odell Beckham, Jr., and actress Robin Wright, according to a published report. The platform, called Kasheesh, allows consumers to split … The post New Payment Platform Allows Consumers to Split Payments Across Multiple Cards appeared first on AccountsRecovery.net.
Consumer Finance
JUNE 29, 2022
The Consumer Financial Protection Bureau (CFPB) issued an order today terminating Payactiv’s Sandbox Approval Order relating to its earned wage access products. The CFPB had given Payactiv special regulatory treatment, including as to liability under a relevant federal consumer financial law with respect to these products. Payactiv requested the termination in order to make changes to its fee model.
Nerd Wallet
JUNE 26, 2022
The “buy now, pay later” transaction is simple: Shoppers are offered an installment loan at the point of purchase, spreading the cost of the product across several payments. They’re often available without a credit check. Buy now, pay later financing has become a go-to payment method at most major retailers for everything from clothing and. Anna Helhoski writes for NerdWallet.
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Public Citizen
JUNE 25, 2022
The submission deadline is August 22 and the conference is December 15-16. More here.
Account Recovery
JULY 1, 2022
A District Court judge in Utah has approved a requested award for attorney’s fees in a Fair Debt Collection Practices Act case, but lowered the award for the named plaintiff in the class-action case, ruling that an incentive award beyond what is statutorily allowed was not authorized under the FDCPA. A copy of the ruling … The post Judge Refuses to Allow Incentive Award for Named Plaintiff in FDCPA Class Action appeared first on AccountsRecovery.net.
Troutman Sanders
JULY 1, 2022
When the Consumer Financial Protection Bureau (CFPB or Bureau) unveiled its UDAAP exam manual at the end of March 2022, announcing that it had decided to interpret the word “unfair” in Dodd-Frank to prohibit discrimination, even where specific statutes like the Equal Credit Opportunity Act do not apply, we expressed skepticism about the viability of the CFPB’s position if the issue were ever litigated.
Nerd Wallet
JUNE 27, 2022
Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple today with skyrocketing prices and interest rates, ARMs are making a comeback. And that’s totally not a bad thing. ARMs are appealing because they start. Holden Lewis writes for NerdWallet.
Speaker: Debra L. Robinson
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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