Trending Articles

Why the telephone is your best friend

Collect More

“The telephone is your best friend! Don’t be scared of the phone”!!! I really wish I could shout this constantly from the rooftops to every business owner in this country. The amount of people who are petrified of calling their overdue customer is crazy.

Bill Introduced in Senate to Subject CFPB to Congressional Appropriations Process

Account Recovery

Another bill has been introduced in the Senate that would require the Consumer Financial Protection Bureau’s budget to be approved by Congress as a means of instituting checks and balances against what the sponsor of the bills calls a “radical nominee” who is set to take over running the agency.

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CFPB Sues Software Company That Helps Credit-Repair Businesses Charge Illegal Fees

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses. Press release Enforcement

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In consumer class action against Walmart, Eighth Circuit holds that right to enforce arbitration agreement was waived by Walmart's litigation conduct

Public Citizen

Here's how the Eighth Circuit, in its brand-new decision, McCoy v. Walmart , described the merits of the consumer class action before it: "Debbie McCoy purchased Walmart gift cards as Christmas presents. The cards turned out to be worthless, however, because one had been deactivated and the other had no balance remaining. McCoy, seeking to represent a nationwide class of disgruntled gift-card purchasers, sued Walmart."

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The Best Homeowners Insurance in Colorado for 2021

Nerd Wallet

If you’re a homeowner in Colorado, you’ll typically pay more than the national average for your home insurance. At $1,853 per year, the average home insurance policy in Colorado costs over $250 more than the national average of $1,585.

Paying By Text Growing in Popularity

Credit Management Company

Long before the invention of computers, doctors and nurses needed to keep information on their patients. The data that was collected focused primarily on health issues. Now, we know more than allergies, surgeries, immunizations, illnesses, and results of tests. We know communication preferences.

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Tuesday’s Rising Regulatory Chorus On Crypto

Burr Forman

This past Tuesday, September 21, the chorus calling for more regulation over crypto reached a sort of crescendo. The SEC.

Banks 52

Best Practices to Enforce a Judgment 

FFGN COLLECT NY

A client of ours in the waterproofing business asked for our best practices when enforcing a judgment. Best practices would generally infer that judgment enforcement differs based on the creditor’s industry, but that’s not the case.

What Every Homeowner Should Know About Trampolines

Nerd Wallet

Are your kids begging for a trampoline? You’re not alone. Hundreds of thousands of backyard trampolines are sold in the U.S. every year, much to the delight of aspiring young acrobats across the country. But trampolines can also pose a risk to those young acrobats.

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Everything You Need to Know About the New Child Tax Credit Checks

Direct Recovery

Have you heard about the new Child Tax Credit for 2021 introduced in President Biden’s American Rescue Plan? Are you curious about the details of who will benefit and to what extent?

Banks 52

IRS Awards Collection Contracts to Three Agencies

Account Recovery

Starting today, individuals who owe the Internal Revenue Service for unpaid taxes may be contacted by one of three private collection agencies, after the IRS announced it had awarded contracts to the companies. The three companies receiving contracts are: CBE Group, Coast Professional, and ConServe.

Name, Image and Likeness Team and BurrSportsLaw.com in the News

Burr Forman

How to Expedite a High-Risk Merchant Account Approval

Payment Savvy

High-risk merchant account approval is not easy. Turn-around times and approval criteria vary from processor to processor. Both of these processes can take an extended amount of time. In the meantime, you’re left hanging around unable to accept payments from your eager customers.

The Best Homeowners Insurance in Massachusetts for 2021

Nerd Wallet

If you’re a homeowner in Massachusetts, you’ll typically pay less than the national average for your home insurance. At an average of $1,205 per year, home insurance in Massachusetts costs over $350 less than the national average of $1,585.

Will High Food Prices Lead to Civil Unrest?

NACM

Wholesale food prices like wheat, sugar and vegetable oil have increased by roughly 33% globally since last year, according to the UN's Food and Agriculture Organization.

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California DFPI Fines Collector, Debt Buyer $375k

Account Recovery

The California Department of Financial Protection and Innovation has issued its first enforcement action against a debt buyer and debt collector, fining a firm $375,000 for allegedly breaking state and federal law by unlawfully threatening to sue consumers and submitting negative information to credit bureaus without notifying consumers.

COVID-19 Vaccination Update for Green Card Applicants

Burr Forman

Beginning October 1, 2021, United States Citizenship and Immigration Services (“USCIS”) will require COVID-19 vaccinations for all applicants applying for lawful permanent residence (i.e. green card) with some exceptions.

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Can I Put My Property in My Spouse’s Name and File for Bankruptcy?

Sawin & Shea

If you are married and preparing to file for bankruptcy, you may be wondering how it will affect your spouse. While you can file individual bankruptcy, there are still potential consequences for your spouse.

LendUp No Longer Offers Installment or Single-Payment Loans

Nerd Wallet

LendUp, an online lender that offered high-interest installment and single-payment loans to borrowers with poor credit, no longer originates new loans, according to a company spokesperson. The company did not offer a reason for the change.

How to manage your small business accounts receivables like the pros

American Profit

Just because you’re managing and operating a small business doesn’t mean you need to act small. And that has never been truer than in the case of accounting, tracking the money that goes in and out of your business, and detailing exactly what your customers owe you.

Appeals Court Overturns Sanctions Ruling Against Plaintiff’s Attorneys

Account Recovery

Part III: What Documents Matter Most In Determining Share Value in a Buyout? An Analysis of Key Documents and Why They Matter

Jimerson Firm

Different situations can lead to a corporate buyout. As a business move, a majority shareholder may seek to buyout the minority shareholders or one company may seek to acquire a majority of another company’s shares.

Digital Debt Collection: How Consumer Preference Can Drive Higher Revenue

PDC Flow

Digital debt collection, while not a new idea, has been difficult for many to implement compliantly in the past. Now, through Regulation F and the emergence of new technologies, the debt collection industry is finally beginning to see a digital transformation.

Deferred Compensation: Plans and Programs to Know

Nerd Wallet

When it comes to compensation, the more you make, the more you pay — in taxes, that is. So if your employer provides you with the option of deferred compensation, it can be an intriguing way to put off that tax burden. However, weighing all the benefits and drawbacks can help you determine if using.

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“Arising Out Of or Relating To”: The Supreme Court’s Reasoning in Ford Motor Company v. Montana Eighth Judicial District Court

Burr Forman

The Supreme Court’s recent opinion in Ford Motor Company v. Montana Eighth Judicial District , 141 S. 1017 (March 25, 2021), could have far-ranging implications for courts’ application of specific personal jurisdiction.

Mass. Leg. Holds Hearing on Caller ID Bill

Account Recovery

A hearing was held yesterday before the Massachusetts state legislature on a bill that would require companies calling individuals in that state and using a Caller ID number displaying a Massachusetts area code to have a physical presence in the state or face fines of up to $10,000 per call.

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Best Practices for Creating a Business Credit Policy

Enterprise Recovery

Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients.

Harvard Law Review to publish Wilf-Townsend article: Assembly-Line Plaintiffs

Public Citizen

Daniel Wilf-Townsend of Chicago has written Assembly-Line Plaintiffs, Forthcoming in the Harvard Law Review. Here is the abstract: Around the country, state courts are being flooded with the claims of massive repeat filers. These large corporate plaintiffs leverage economies of scale to bring tremendous quantities of low-value claims against largely unrepresented individual defendants.

Medicare Advantage Plans in California

Nerd Wallet

More than 6.4 million people in California are signed up for Medicare, making it the largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people of ages 65 and older.

Navigating the New Pre-Suit Notice Requirements for Property Insurance Carriers Set Forth in Fla. Stat. § 627.70152. to Leverage Settlements and Avoid Lawsuits

Burr Forman

By now, property insurance carriers and their counsel are likely familiar with Senate Bill 76, in which the Florida Legislature finally codified long-needed changes to the current property insurance litigation framework.