Jimerson Firm

JULY 13, 2023

On May 25, 2023, Florida Governor Ron DeSantis signed into law Senate Bill 346 (“SB 346”), which makes substantial changes to Florida construction law regarding prompt payment and retainage requirements on contracts between state and local governments and construction contractors on Florida construction projects for these governmental entities.

Construction 97

Construction Government 97

Account Recovery

FEBRUARY 22, 2021

A service that works with utilities and state and local governments to develop payment plans for individuals with unpaid debts has raised $20 million in Series A funding, on top of the $10 million it had previously raised.

Government 162

Government 162

Account Recovery

AUGUST 17, 2021

A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient.

Student loans 246

Student loans Student Loans Loans Government 246

Troutman Sanders

NOVEMBER 30, 2023

In this episode of Payments Pros, Keith Barnett and Carlin McCrory are joined by Pidgin’s Senior Vice President of Innovation Kevin Olsen to discuss faster payments and the FedNow service. Faster payments, such as real-time payments (RTP) and FedNow, are transactions completed in seconds, available 24/7, and restricted to U.S.

Financial Institution 52

Financial Institution Government 52

Albuquerque Law

APRIL 6, 2022

The federal government has many programs available to assist citizens and their families if they face financial hardships. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same amount of debt as those who did not participate in such benefit programs.

Government 90

Government Bankruptcy Banks 90

PDC Flow

NOVEMBER 22, 2023

Many consumers prefer to pay large bills in installments through ACH payments rather than a credit card. But just as with cards, it’s important to ensure the recurring ACH payments you accept are compliant. Understanding Recurring ACH Payment Compliance Complying with every regulation that applies to your business can get tricky.

Financial Institution 74

Financial Institution Government Banks 74

Jimerson Firm

OCTOBER 1, 2020

This new law and the changes to the Local Government Prompt Payment Act and the Florida Prompt Payment Act will become effective on October 1, 2020, and apply to construction services contracts advertised for bid or entered into by state or local government entities in Florida after October 1, 2020. What is Retainage?

Construction 98

Construction Government Law Firms Trade 98

Jimerson Firm

FEBRUARY 29, 2024

Florida construction projects may or may not be protected by payment bonds, depending on the type of project and what the contract documents require. Payment bonds serve to protect the real property from construction liens when persons and entities are not paid for their work on a construction project. Hughes Supply, Inc.

Construction 59

Construction Government 59

UK debt collections

MAY 11, 2022

The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners according to FSB findings. Latest Government figures show that there are 5.5 Wider studies underscore the isolating effect of poor payment.

Government 99

Government Trade Collections 99

Consumer Finance

SEPTEMBER 6, 2023

The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.

Government 142

Government Financial services Banks 142

UK debt collections

JANUARY 4, 2023

European regulators are looking to clamp down on late European business late payment payments in 2023. government and EC have described benefits that their policies will bring to small- to medium-sized businesses (SMBs), a mainstay of economies across the region. How Late Payments Impact SMBs’ Financial Health.

Government 59

Government Debt Recovery 59

UK debt collections

OCTOBER 18, 2022

Late payments cost small business owners £684m a year, with most receiving payment 5.8 Just as worryingly, Xero Director of Operations (UK and EMEA) Kate Hayward warns that there is no easy solution to solving the late payments crisis. Hayward says: “Different governments have promised to clamp down on late payments for years.

Government 59

Government Collections Creditors 59

Collection Industry News

SEPTEMBER 27, 2023

As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. The budget deficit — the difference between what the government spends and what it takes in — reached $1.5 The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes.

Government 40

Government Trade Banks Collections 40

UK debt collections

JANUARY 10, 2022

It has been reported that 440,000 Small Businesses in the UK could be forced out of Business by a current late payment crisis. The Federation of Small Businesses (FSB) has called for urgent government intervention to improve the way small Businesses are paid. For many years, Small Business late payment has been a big problem.

Collections 82

Collections Government Collection Agencies Collections Agency 82

PDC Flow

NOVEMBER 14, 2023

ACH payments are cost-effective, easy to use, and offer customers more flexibility and choice. Some companies simply don’t know how to set up ACH payments. Make payments more convenient for you and the customers you serve. There are many perks to setting up ACH payments for your company. Don’t let setup be a barrier.

Financial Institution 64

Financial Institution Banks Government 64

Account Recovery

MAY 15, 2023

The moratorium on student loan payments has cost the federal government $160 billion in lost assets and the federal government should be ordered to force individuals with unpaid student loan debts to start repaying them, according to a nonprofit think-tank that is seeking a preliminary injunction against the Department of Education.

Student loans 244

Student loans Student Loans Loans Education 244

Troutman Sanders

JULY 6, 2023

Please join Troutman Pepper Partner Chris Willis and colleagues Keith Barnett, Carlin McCrory, and Josh McBeain as they discuss the Consumer Financial Protection Bureau’s (CFPB) larger participant rule for consumer payments mentioned in its 2023 semi-annual rulemaking agenda. Click here to listen !

Government 52

Government 52

UK debt collections

APRIL 29, 2021

Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME’s over the past 12 months totals a shocking average of £130,445.05. Whilst late payment continues, this will only serve to hinder Small Business recovery in the second half of this year.

Debt Recovery 83

Debt Recovery Government Trade 83

UK debt collections

JULY 12, 2022

The scourge of late payment is affecting Self Employed workers and Freelancers across the UK according to one source. Small Business late payment is challenging enough but Self Employed freelancers and suchlike are very often living on the breadline. Late payment causing mental health issues for many self employed people.

Government 72

Government Collection Agencies Collections Agency Collections 72

UK debt collections

JUNE 17, 2021

The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. The ban, which stops landlords from taking tenants to court for non-payment, was due to end on 30th June.

Government 59

Government Retail Trade Collections 59

UK debt collections

OCTOBER 26, 2022

The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey. Timely payments are critical to gain favour with suppliers, helping to open the door to better collaboration.”.

Manufacturing 59

Manufacturing Government Construction 59

UK debt collections

MARCH 13, 2023

Time is Money: Late payments ‘stifle’ small businesses across UK report shows The Federation of Small Businesses (FSB) has released a report that uncovers the true scale of damage caused by the late payments crisis as entrepreneurs say: ‘ enough is enough.’ Make the Prompt Payment Code (PPC) mandatory for all local authorities.

Construction 64

Construction Government Education Trade 64

Account Recovery

AUGUST 24, 2023

The Department of Education, along with the federal government, yesterday announced it had launched its updated income-driven repayment application tool for individuals with unpaid student loans, a tool that could help reduce the student loan payments for up to 30 million borrowers.

Student loans 244

Student loans Student Loans Education Loans 244

PDC Flow

APRIL 11, 2023

Many customers still want the option to make a payment or ask questions to a live customer service agent. How can organizations take payments over the phone and still keep payment data secure? Some may not like online payment pages or have a complex problem that can’t be solved by looking at the resources on your website.

Banks 71

Banks Government 71

UK debt collections

OCTOBER 14, 2021

One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. . Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential. Late payments are debilitating to any Business, large and small.

Collection Agencies 105

Collection Agencies Collections Agency Collections Bankruptcy 105

Credit Corp

MAY 9, 2023

The amount of money you need for a down payment depends on the overall cost of the house as well as the type of loan you’re approved for. Jumbo loans typically require a 10%down payment or more. What Is a Down Payment? Do You Need to Put a 20% Down Payment on a House? However, this does not influence our evaluations.

Loans 89

Loans Lender Government Collections 89

Public Citizen

JUNE 29, 2021

This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. Less than 3 percent of victims complained to a government entity. Together, 4.8

Government 80

Government Manufacturing Trade Banks 80

UK debt collections

NOVEMBER 28, 2022

High Street giant Holland & Barrett has vowed to improve supplier relations amid growing protests from suppliers over its Business late payments. Many of its business late payments have extended past 120 days, with new government data showing the business paid almost 60% of invoices late.

Retail 59

Retail Debt Recovery Trade Startups 59

On Guard

JULY 13, 2023

Starting from July 1st, 2023, there is a new update in payment regulations. Before 2022, large companies had the option to delay payments for sixty, ninety, or even one hundred and twenty days. International effect This new payment regulation ruling doesn’t only affect the financial landscape in the Netherlands.

Government 52

Government 52

UK debt collections

JANUARY 27, 2023

Construction late payment is getting worse according to the latest data from Creditsafe. Builders not getting paid Federation of Master Builders (FMB) chief executive Brian Berry stated that construction late payment is “a real issue for small, local builders who are cashflow-reliant ”.

Construction 59

Construction Government 59

UK debt collections

NOVEMBER 14, 2022

The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late client payments, according to Alex von Schirmeister, managing director UK & EMEA at Xero. “Biggest culprits” of SME late payment.

Government 59

Government 59

Collection Industry News

MARCH 7, 2022

These factors have made it harder for renters to keep up with their payments, and in turn, many landlords—especially smaller-scale property owners —are struggling to make up income and cover payments to lenders. Percentage of renters behind on their payment: 17.0%. Total renters behind on their payment: 599,946.

Government 98

Government Retail Education Lender 98

Troutman Sanders

JULY 11, 2023

In this episode of Payments Pros , our hosts Keith Barnett, Carlin McCrory, and Josh McBeain join their colleague Chris Willis to discuss the Consumer Financial Protection Bureau’s (CFPB) larger participant rule for consumer payments mentioned in its 2023 semiannual rulemaking agenda.

Government 40

Government 40

UK debt collections

SEPTEMBER 1, 2022

Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners. Late payments totalled £22,700 for the average small business , with at least one overdue invoice in May, representing a 6% year-on-year rise.

Government 52

Government 52

UK debt collections

MAY 30, 2022

This marks an increase in Small Business late payment. Average late payment days increased by 1.8 Xero says tougher economic conditions caused by rising inflation have left the UK’s small businesses squeezed tighter between soaring energy bills and wages on one side, and slower consumer spending power and late payments.

Retail 75

Retail Manufacturing Construction Collection Agencies 75

Collection Industry News

DECEMBER 7, 2021

Earlier this month, the federal Education Department announced it is canceling another round of student loan payments, adding that those eligible are now being notified via email. Government Writes Off $2 Billion In Student LoansU.S. Government Writes Off $2 Billion In Student Loans appeared first on Collection Industry News.

Student loans 40

Student loans Student Loans Government Loans 40

Payment Savvy

FEBRUARY 23, 2023

Whenever there is an issue with a direct debit or credit card transaction, one of the parties involved in the payment processing will send a code. Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g., How Does an ACH Transaction Work?

Financial Institution 52

Financial Institution Banks Government Collections 52