Sat.May 15, 2021 - Fri.May 21, 2021

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Culture in the Workplace-Vital to this Collection Agency

American Profit Recovery

By Sabrine: We have all heard others mention the significance of looking forward to work every morning, rather than dreading it. A positive work environment and culture is the very thing that can make or break an employee. Studies have shown that although employees make a decent salary at a company, they often quit for no reason other than the work culture.

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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

Source: site. Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. The bill, H.R. 2547 was sponsored by House Financial Services Committee Chairwoman Rep. Maxine Waters (D-Calif.), passed the House with a 215-207 vote. While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members a

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Company Insolvencies continue to decrease

UK debt collections

The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales. The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199). In April 2021 there was a total of 925 registered business insolvencies, comprised of 819 CVLs , 26 compulsory liquidations , 75 administrations and 5 CVAs.

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Bill Introduced in Senate to Cancel Utility Debts for Low-Income Households

Account Recovery

A bill has been introduced in the Senate that would provide $30 billion to utility companies and broadband Internet providers across the country in order to prevent those companies from shutting off services to customers because of unpaid debts, especially those that have accumulated during the COVID-19 pandemic. The bill, S. 1783, called the Maintaining … The post Bill Introduced in Senate to Cancel Utility Debts for Low-Income Households appeared first on AccountsRecovery.net.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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What are SaaS Customer Success Best Practices?

Enterprise Recovery

When starting a SaaS company, entrepreneurs begin with a unique idea to solve customer challenges. Customer Success ensures that the product is used successfully by those customers. This business practice ensures that customer churn is reduced and the customers become advocates for the brand. What are SaaS Customer Success best practices?

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How to become HIPAA Compliant: Patient data security

Nexa Collect

Health care providers, health plans such as insurers and HMOs, healthcare clearing-houses and any business entities using and disclosing “ individually identifiable health information ” during claims processing, billing, data analysis, and other operations, are governed by the HIPAA Privacy Rule. HIPAA laws ensure that patient’s data is kept safe from unauthorized access and data leaks.

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Mortgage Servicers Ask CFPB to Delay Reg F Effective Date For 6 Months

Account Recovery

Mortgage bankers don’t think a 60-day delay of the effective date of Regulation F is long enough for mortgage servicers to be ready to comply with the provisions of the Consumer Financial Protection Bureau’s debt collection rule, and are calling on the regulator to delay the rule’s implementation for six months. The request was made … The post Mortgage Servicers Ask CFPB to Delay Reg F Effective Date For 6 Months appeared first on AccountsRecovery.net.

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CFPB Takes Action Against Auto Lender for Unfair Loss Damage Waiver Practices

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued a consent order today against 3rd Generation, Inc., doing business as California Auto Finance (California Auto) for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.

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The Checks That Could Change Your Financial Life

Nerd Wallet

Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan’s expansion of the child tax credit. The payments are scheduled to end in December, and it’s unclear whether they will be extended. But even six months of payments could make. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Collection Agency for Excessive Employee Reimbursement

Nexa Collect

Have you mistakenly overpaid your contractor, and he is refusing to return that money? Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? Other circumstances where an employee can owe money to his employer include – excessive travel expenses claimed, misuse of company credit card, unreturned company equipment like a laptop, excessive reimbursement claimed, and overpaid salary.

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Judge Denies Request for TRO to Block CFPB’s FDCPA Eviction Rule

Account Recovery

A District Court judge in Tennessee has denied a plaintiff’s motion for a temporary injunction seeking to block the enactment of an interim final rule saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, determining that the rule does not apply where … The post Judge Denies Request for TRO to Block CFPB’s FDCPA Eviction Rule appeared first on AccountsRecovery.net.

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Can Debt Collectors Follow You to Another Country?

Credit Corp

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. In fact, you might be so desperate that you’re considering extreme tactics—like moving out of the country. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. How do you start over in a completely new place?

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10 Best Business New Year’s Resolutions for 2021

Nerd Wallet

While no one could foresee what 2020 would bring to small businesses, or the world, now that the year is winding down, it’s a good time to reflect on the last year and plan for the year ahead. You may not have been able to meet many of the goals you set for your business. Jacqueline DeMarco writes for NerdWallet. Email: wpguestuser+jdemarco@nerdwallet.com.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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3 Quick Tips to Create a Connected Consumer Experience

PDC Flow

One of my favorite quotes is by the author Maya Angelou: “I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”. This is clearly a great quote for people interested in personal development because it perfectly captures the importance of leaving a lasting, positive impression on everyone you meet.

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Debt Settlement Firm to Repay Consumers $5.4M Under Agreement With CFPB

Account Recovery

A District Court judge in Massachusetts has been asked to sign off on a settlement between the Consumer Financial Protection Bureau and a debt settlement company that was sued for allegedly engaging in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher fees than it was supposed … The post Debt Settlement Firm to Repay Consumers $5.4M Under Agreement With CFPB appeared first on AccountsRecovery.net.

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Can My Stimulus Check Be Garnished for Credit Card Debt?

Credit Corp

The American Rescue Plan Act is a federal law that was passed to help provide a third round of relief to Americans during the COVID-19 crisis. Like the two acts before it, the ARP Act included stimulus payments to many individuals and families. But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed.

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What’s the Difference Between Copyright and Trademark?

Nerd Wallet

Is your business also a brand? Do you create original materials and assets for your business? If so, it’s likely you’ve considered how to protect your intellectual property—and therefore, you might be wondering about the difference between copyright vs. trademark. Ultimately, intellectual property and brand identity can be just as important as revenue when it comes.

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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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Ohad Samet Named to Inaugural Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI)

True Accord

Ohad Samet, CEO and cofounder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI). The debt collection advisory committee is a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program.

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FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week. One of the defendants will also make a monetary payment of $11,500 as part of an overall judgment against all of the defendants in … The post FTC Bans Operators of Student Loan Debt Relief Scam appeared first on AccountsRecovery.net.

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COVID-19 Scams

Credit Corp

COVID-19 vaccines are being rolled out across the country, and the effects of coronavirus may be on the decline. Unfortunately, the same cannot be said for COVID-related scams. COVID-19 Financial Resource Guide. It’s unfortunate, but some bad actors will always take advantage of situations like COVID-19. In addition to everything else, individuals also need to be on the lookout for coronavirus scams that continue to crop up.

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5 Best Business Plan Software in 2021

Nerd Wallet

When you’re starting a business, developing a strong business plan will be one of the first steps you take. Your business plan will cover everything from a detailed explanation of your products or services and pricing model to at least three years of financial projections—plus much more. Therefore, whether you’re not sure how to get. Sally Lauckner 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 Long Does a Bankruptcy Stay on Your Credit Report?

Sawin & Shea

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and seven years if you filed Chapter 13. The difference is because, in Chapter 13 bankruptcy, you and the bankruptcy trustee make a structured plan to pay off most of your debts in 3-5 years.

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Appeals Court Affirms TCPA Ruling for Defendant Over Lack of Standing

Account Recovery

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Telephone Consumer Protection Act suit in which the District Court ruled the plaintiff lacked standing to sue because he never claimed anything other than a “bare procedural harm that resulted in no harm.” A copy of the ruling in the case … The post Appeals Court Affirms TCPA Ruling for Defendant Over Lack of Standing appeared first on AccountsRecovery.net.

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Debt Recoveries Australia and The Vic Claims Discussion Group

Debt Recoveries

On the 27 th of May, The Vic Claims Discussion Group presents an interactive online seminar on claim recoveries. ?Three recovery gurus – Benjamin Karalus (Partner, McCabe Curwood), Mark Peters (Former Recovery Director, Chubb Insurance) and Debt Recoveries Australia’s own Client Relationship Manager James McGuire – will take you through highlights, strategies, and potential pitfalls in the world of recovery:- .

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Best Free Invoice Software for Small Business in 2021

Nerd Wallet

As a small business owner or freelancer, there are probably some aspects of your job you like more than others. While it’s great to be your own boss, set your schedule, and choose what projects you’ll take, it also means handling all your admin on your own, from accounting to taxes and more. Sending and. Sally Lauckner writes for NerdWallet. Email: slauckner@nerdwallet.com.

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The New Way Remote Finance Teams Are Protecting Accuracy And Building Resilience In A Cyber-Threatened World

Speaker: Cheryl J. Muldrew-McMurtry

Remote finance teams are rewriting how the back-office runs—and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats have become more than just “growing pains”. They’re now liabilities. The challenge isn’t just team distribution, but building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.