Debt Guru

JULY 19, 2020

Every month, you face a mound of credit card and bank statements (or your inbox fills up with them, and you have to write a separate check (or perform an individual internet transfer) for each of them. To get out of this frustrating and time-consuming loop, many people opt for consolidation to combine multiple debts into one.

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Debt Consolidation Unsecured Debt Collateral Personal loans 104

PDC Flow

JUNE 1, 2021

If you’re looking for a payment processor, here are some of the most important current trends, compliance concerns and tools that can help you with your choice. Your company should offer multiple channels and payment types to consumers. Consumers have been using digital communication options for some time for personal connections.

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Credit Corp

SEPTEMBER 14, 2021

The people you name as recipients of property, money or items in your will are known as beneficiaries. This is a court-supervised process meant to ensure that your possessions and your property is legally transferred to your beneficiaries according to the terms of your will. What Should You Never Put In Your Will? Joint accounts.

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Lawyers 98

On Guard

MARCH 25, 2022

Debtor management or accounts receivable seems fairly simple: money arrives, you note that the customer has paid and book the money into the company bank account. Of course, money comes in, but finding out from whom and for which invoice can be quite difficult. A piece of cake! Here are our 4 top tips: 1. Embrace blockchain.

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Accounts Receivables Management Debtor Banks Collections 52

Fico Collections

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. For that they need two things – automation and an unlimited supply of fake consumer identities. This was coupled with the rise in real-time payments that has occurred in the past few years with the fast transfer of funds helping criminals to take the money and run.

Financial Institution 52

Financial Institution Banks Education Retail 52

PDC Flow

NOVEMBER 23, 2021

Some business owners are nervous about implementing new software tools that require extensive training to launch. Others are still operating on manual or paper reminders that may not reach customers before their payment due date or come in a format consumers dislike or ignore. This strategy is slow and time-consuming for your staff.

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Collection Agencies Collections Agency Collections 69

Payment Savvy

DECEMBER 14, 2021

Consumers today expect businesses to offer a variety of payment options. This includes credit and debit cards, ACH payments , and even instant bank transfers services, such as Zelle. Enabling digital payments saves money on administrative and office supplies. Read on for more information about making the switch today.

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Banks 52

Collection Industry News

JANUARY 3, 2022

Unpaid student loans, an ever-increasing credit card balance with high interest, a monthly car payment: these are just a few reasons why young consumers feel like they carry a huge financial weight on their shoulders. Money is more emotionally and behaviorally charged than it is about the numbers.”. Then, pick one debt to pay off.

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Student loans Student Loans Credit Card Debt Loans 40

Troutman Sanders

MARCH 13, 2023

House Financial Institutions and Monetary Policy Subcommittee held a hearing entitled “Consumer Financial Protection Bureau [CFPB]: Ripe for Reform.” This denies Congress the use of its most powerful oversight tool — the ‘power of the purse.’ The Consumer Financial Protection Commission Act. On March 9, the U.S.

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Financial Institution Financial services Government Banks 52

PDC Flow

JUNE 15, 2021

Even the laggards of the technology curve use digital tools for work, personal conversations and to communicate with companies. Every company uses these technologies too – but could you be using them more effectively to enhance your workflow management and communications with consumers? What is a FLOW? Simplified Workflow Management.

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Collections Banks 64

Fico Collections

FEBRUARY 25, 2022

While most banks will likely not offer consumers the ability to transfer such a large sum, the amounts they can transfer are still life changing. Consumer education is an important tool that banks can leverage to help customers protect themselves. Communicate with Customers About APP Scams.

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Banks Education Financial Institution Retail 52

Troutman Sanders

JUNE 7, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

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Direct Recovery

AUGUST 27, 2022

Consumers here, burdened by excessive amounts of debt, were having a difficult time keeping up before the recent surge in inflation. The statute of limitations for a debt varies dramatically from state to state, and California is known for having one of the most consumer-friendly approaches to debt-related legislation.

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Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

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Credit Corp

APRIL 3, 2023

This lack of savings may put these consumers at significant risk and unable to navigate even a small financial emergency. So, how much money in emergency funds should you have for medical expenses? Use this information to create a budget that allows you to meet your personal needs and save money in your emergency fund.

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Loans 98

Troutman Sanders

MAY 23, 2023

The bill defines “investment contract asset” as “an asset, whether tangible or intangible, including assets in digital form (A) sold or otherwise transferred, or intended to be sold or otherwise transferred, pursuant to an investment contract; and (B) that is not otherwise a security pursuant to the first sentence of paragraph (1) [of Section 2(a)].”

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Financial services Banks Debtor Education 52

Credit Corp

AUGUST 24, 2021

Find out more below so you can make a decision about whether this is a tool you want to use. Credit counseling is often promoted as the best option for consumers who are having trouble managing debt. Balance transfers. Balance Transfer: 0% introductory APR on balance transfers for first 15 billing cycles after account opening.

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Collection Industry News

AUGUST 30, 2021

Enforcement of the California Consumer Privacy Act (CCPA) has been in place for just over one year and, in announcing the milestone, Attorney General Rob Bonta said there has been “great progress” by businesses required to comply. Businesses are required to provide a privacy notice prior to collecting information from a consumer.

Retail 40

Retail Collections Government 40

Troutman Sanders

APRIL 12, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

Financial services 52

Financial services Debt collector Student loans Student Loans 52

Credit Corp

JANUARY 25, 2022

They help you choose some money and credit goals to focus on and let you work toward recovery, savings, or growth in realistic ways. ExtraCredit includes five powerful tools to help you stay on top of your credit: Build It: Build It lets you add your rent and utility payments as tradelines on your credit report with the credit bureaus.

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Banks Personal loans Loans Trade 98

Debt Guru

AUGUST 27, 2020

When it comes to personal finance in the 21 st century, credit cards are inarguably one of the most common tools that consumers use. Transferring my balance to a lower-interest-rate card will save me a ton of money. If your transfer will end up saving you at least that much in interest, it’s a good deal.

Lender 59

Lender Banks Debt Management 59

Fico Collections

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. With any change, fraud comes hand-in-hand.

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Retail Banks Financial Institution Trade 52

PDC Flow

AUGUST 25, 2020

The trick to transforming patient collections is finding compliant, multi-function software tools that are easy to implement. It’s overwhelming to commit to new tools that will require training, policy and procedure changes and new billing methods within your office. Simple to use for consumers. Recurring Payment Plans.

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Collections Healthcare 59

Troutman Sanders

MARCH 28, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

Financial services 52

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Fico Collections

FEBRUARY 9, 2023

The rise of faster payment systems, which has given people the ability to send life-changing sums of money in real time with only limited protection schemes in place, and the ongoing economic uncertainties making more people susceptible to scams. However, both consumers and businesses were, and still are, falling victim to payment scams.

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Banks Financial Institution Financial services Acquisition 52

Troutman Sanders

FEBRUARY 16, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

Financial services 52

Financial services Banks Trade Financial Institution 52

Troutman Sanders

AUGUST 17, 2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

OCTOBER 4, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities. 531 and A.B.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Troutman Sanders

APRIL 4, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

Financial services 52

Financial services Loans Banks Student loans 52

Fico Collections

OCTOBER 17, 2022

BSP has proposed implementing open banking in a tiered approach across five phases: product information, credit application, account information, payment/transfer integration, and non-banking products. Over the past five years, there has been a massive transformation across all markets in the way consumers manage their money.

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Banks Financial Institution Financial services Government 52

Better Credit Blog

FEBRUARY 17, 2022

Ads by Money. Ads by Money. Unfortunately, many lenders are hesitant about taking on consumers who’ve defaulted on their monthly commitments; they appear far riskier than the average customer. LightStream offers hassle-free lending solutions to consumers in need. We may be compensated if you click this ad.

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Loans Lender Credit Unions Credit Unions 73

PDC Flow

DECEMBER 13, 2022

Even businesses without a typical storefront location or traditional point of sale register can accept money using cash tracking features within their payment software. As digital options gain popularity and payment processing industry trends catch up to consumer demand, companies have shifted to using fewer tools to accomplish more.

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Banks Financial Institution Education Collections 73

PDC Flow

MAY 11, 2021

With the demand for contactless communication brought on by COVID-19 and the change in consumer preferences, a trend that has been building for years (the use of digital engagement tools) is here to stay. A Shift in Consumer Behaviors. Consumer behavior has been trending toward tech-based solutions long before the pandemic.

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Accounts Receivables Management Collections Banks 52

Troutman Sanders

JANUARY 19, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

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Credit Corp

NOVEMBER 5, 2020

It’s one of the biggest shopping days of the year, and consumers make Black Friday purchases both in-store and online. Because of the COVID-19 pandemic, consumers’ shopping and spending habits are changing. Consumers can expect online sales to begin weeks before Black Friday to be more spread out over time.

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Retail 98

Fico Collections

NOVEMBER 30, 2022

Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. In the UK, it accounted for £249 million in consumer losses for the first half of 2022.

Banks 52

Banks Financial Institution Education Financial services 52

Troutman Sanders

MARCH 8, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

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