Wed.Jul 19, 2023

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26 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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Profit and Loss Statements for Business Planning and Growth

PDC Flow

Businesses want to make money. But how do you know if sales are good enough to keep your company profitable? There are many different financial reports organizations use to track performance. One of the most common–the profit and loss statement–lets companies: Monitor how the organization is performing and better understand profitability Assess expenses and profit trends Plan for future growth and reinvest in the business based on P&L data What is a Profit and Loss Statement?

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Judge Grants MSJ For Defendant in FDCPA Case Over Called Off Dispute

Account Recovery

A District Court judge in Arizona has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case after it was sued because the plaintiff informed the defendant that she was no longer disputing the debt, and the steps taken by the defendant did not lead to the dispute being removed […]

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How Does Bankruptcy Affect Your Job and Future Credit?

Sawin & Shea

If you find yourself in an untenable financial situation, bankruptcy may be your best option. But that doesn’t mean the process isn’t stressful and overwhelming. There are many considerations. One of the things you may be most concerned about is whether it will affect your current job or future credit. Chapter 7 bankruptcy , or liquidation bankruptcy, allows you to discharge all or most of your debt.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Bank Account Balances Dropping, But Consumers Still Flush Compared with Pre-Pandemic Times

Account Recovery

Americans may still have more money in their bank accounts than they did before the COVID-19 pandemic struck, but they are rapidly spending down those balances because they are at their lowest point in three years, according to data released yesterday by JPMorgan Chase. which analyzed the bank accounts of its 9 million customers.

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New Rules for Calls to Landline Phones Goes into Effect Tomorrow

Account Recovery

New rules from the Federal Communications Commission are scheduled to go into effect tomorrow that govern artificial voice or pre-recorded non-commercial and non-telemarketing calls made to landline telephones.

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First Post-Facebook Appeal Makes Its Way to Supreme Court

Troutman Sanders

More than two years after the Supreme Court released its ruling in Facebook v. Duguid , confirming the meaning of automatic telephone dialing systems (ATDS) under the Telephone Consumer Protection Act (TCPA), a plaintiff has filed a petition for a writ of certiorari to the Supreme Court to challenge the Ninth Circuit’s application of the Facebook decision.

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Daily Digest – July 19. Judge Grants MSJ For Defendant in FDCPA Case Over Called Off Dispute; New Rules for Calls to Landline Phones Goes into Effect Tomorrow

Account Recovery

Judge Grants MSJ For Defendant in FDCPA Case Over Called Off Dispute New Rules for Calls to Landline Phones Goes into Effect Tomorrow Bank Account Balances Dropping, But Consumers Still Flush Compared with Pre-Pandemic Times 26 Companies Seeking Collection Talent WORTH NOTHING: In honor of the return of “Justified” a look at reboots that worked, […]

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CFPB Report Shows Workers Face Risks from Employer-Driven Debt

Consumer Finance

The CFPB published a report highlighting the risks employer-driven debt poses to workers.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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CFPB, European Commission Announce Cooperation to Strengthen Consumer Financial Protection

Collection Industry News

On July 17, 2023, US Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and Commissioner for Justice and Consumer Protection of the European Commission (EC) Didier Reynders published a joint statement announcing the beginning of an informal dialogue to take place at least once a year, focusing on strengthening consumer financial protection.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On July 18, the Federal Trade Commission (FTC), in conjunction with 101 federal and state law enforcers, announced “Operation Stop Scam Calls,” a joint-agency crackdown on telemarketers, lead generators, and Voice over Internet Protocol (VoIP) s

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Member Spotlight: Designations Provoke New Perspectives in Credit

NACM

​Credit management can be described as both an art and a science. The art side of credit is earned through experience with skills in communication, problem solving, negotiation and that gut feeling when assessing creditworthiness. The science side of credit is based on technical skills earned through educational programs and on-the-job training."Wi.