Trending Articles

630,000 UK Companies facing Insolvency

UK debt collections

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor.

The Secret Sauce Is There Is No Secret Sauce: Converting Your Sales Process for the Convenience Economy

NCBA Law Practice Management Blog

There is likely a mentor in your past who told you to make sure that you don’t give away the farm when talking to potential clients. The idea is to leave them wanting more. That’s bad advice. If you leave legal consumers wanting more in 2020, they will go find another attorney.

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Are you owed money from 2020? This is for you!

Collect More

Nope, you aren’t imagining things- it really is that hard getting paid at the moment! The old January hangover- happens every time. This January however seems to be worse than normal so if you are chasing outstanding invoices from last year, just know that you most certainly are not alone. So now that we have identified the problem, how do we fix it? Good question! I thought you’d never ask! Here are some things to try: – Sell them 2020 closure.

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The COVID-19 Vaccine: An Update for Employers

Burr Forman

As of January 19, 2021, two vaccines have been authorized for emergency use by the FDA, with two additional vaccines nearing the end of clinical trials. With vaccines now available, employers are questioning whether they can require employees to be vaccinated and what legal considerations may exist.

Can I Sue a Company for Sending Me to Collections?

Credit Corp

It happens. A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Can you sue a company for sending you to collections for money you didn’t owe?

Convenience Store: Why Your Law Firm Needs to Be Different Now

NCBA Law Practice Management Blog

As the coronavirus, resultant lockdowns, and their effect continue to press every sector of society, lawyers continue to respond to what they hope is a blip. Only , it’s not a blip. But, that has very little to do with COVID-19. The pandemic has only accelerated a trend that was already occurring.

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Financial health check up tips for every age

Kasasa

Just as your doctor keeps you on track with age-appropriate health checks and tips, you should practice financial fitness for every stage of your life.?. Personal Finance

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The Property Line: Biden Housing Plans Include Down Payment Help

Nerd Wallet

It’s hard to afford a house if you’re a first-time buyer. The Biden administration has a plan for that: giving first-timers up to $15,000 to apply toward a down payment. Frustrated would-be homeowners might favor that proposed solution. But it almost surely would drive house prices even higher.

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District Court Denies Request for Injunction Compelling Amazon to Host Parler

Public Citizen

by Paul Alan Levy. In a decision issued his afternoon, Judge Barbara Rothstein has denied a motion by the infamous web site Parler seeking a preliminary injunction compelling Amazon to reverse its decision to terminate its hosting of Parker web site.

Lenders May Still Have to Participate in Foreclosure Mediation in Florida

Jimerson Firm

In response to the mortgage foreclosure crisis, the Supreme Court of Florida established a statewide mandatory mediation program for residential mortgage foreclosures.

Compliance Digest – January 25

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics.

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The Four Trends Making Digital Debt Collections a Necessity

True Accord

The following is an excerpt from our recent ebook, Ten Critical Questions: The Buyer’s Guide to Digital Debt Collection Solutions. To download the full ebook, click here.

Getting Your Finances Back on Track Post-COVID

Credit Corp

It’s safe to say 2020 was a pretty hard year for everyone financially. Even if your wallet hasn’t taken a hit in the last few months it’s likely either your employer or someone in your family has found themselves stretched financially by the effects of COVID. No point dwelling on the past, though.

Banks 65

Update: Supreme Court Resolves Circuit Split Regarding Pre-Bankruptcy Seizure

PBWT

In 2019, we began following a Circuit split regarding a secured creditor’s obligation to return collateral that it lawfully repossessed pre-petition after receiving notice of a debtor’s bankruptcy filing.

Assumption, Assignment and Sale of SBA Loans

Jimerson Firm

In traditional lending and loan servicing, it is commonplace for loans to be assumed, assigned, or sold. Most lenders are likely familiar with these servicing actions, and many lenders have their own requirements and procedures for handling each of them.

Acting CFPB Director Lays Out Priorities, Will Take Agency in Directions ‘Rohit Would Want’

Account Recovery

While not a lot may be known about Dave Uejio, the acting director of the Consumer Financial Protection Bureau, he is not looking to just keep the director’s seat warm for Rohit Chopra, who has been tapped by President Biden to be the next director of the agency, according to a published report.

How to Reduce Churn Among SaaS Customers

Enterprise Recovery

If you're in sales, and we all are, you've heard the expression that it's cheaper to retain a customer than to get a new one. Sales and marketing is expensive and retention is easier because the relationship has already been established.

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Hotels Turn to Elopement Packages to Attract Those Planning Weddings

Nerd Wallet

As the number of large weddings and lavish receptions plummeted in 2020 — a trend looking to continue for at least the early part of 2021 — luxury hotels are turning to a new strategy to market their event space: elopements.

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Step-by-Step Guide for How to Do Taxes Yourself

Credit Corp

As of November 2020, the IRS had received more than 168 million tax returns for the 2019 tax year. More than 72 million—roughly 42%—were self-prepared tax returns. Discover how to do taxes yourself in the guide below so you can decide if self-preparation is the way to go for you.

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 8: Post-COVID-19 Considerations for Lending in the Hospitality Industry

Jimerson Firm

This series has provided a high-level overview of various options and considerations available to lenders during the current uncertainty surrounding lending in the hospitality industry.

Kelly Feoli Promoted to Executive Vice President of Operations

Account Recovery

MRS is pleased to announce that Kelly Feoli has been promoted to Executive Vice President of Operations, assuming responsibility for all third party operations as well as overseeing the Training Department and joining MRS’s Executive team.

My new article: Six Scandals: Why We Need Consumer Protection Laws Instead of Just Markets

Public Citizen

by Jeff Sovern. My new article is now up on SSRN: Six Scandals: Why We Need Consumer Protection Laws Instead of Just Markets. Here' is the abstract: Markets are powerful mechanisms for serving consumers. Some critics of regulation have suggested that markets also provide consumer protection: for example, Nobel Prize-winning economist Milton Friedman said “Consumers don’t have to be hemmed in by rules and regulations. They’re protected by the market itself.”

Banks 48

5 Things to Know About the Chase Freedom Student Credit Card

Nerd Wallet

For products in its class, the Chase Freedom® Student credit card gets good marks, thanks in part to its credit-building features and solid incentives.

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Wireless Antenna Facility Modifications: Part II, Recent FCC Actions. Published by the New Jersey Law Journal on January 7, 2021.

Price Meese

This is the second article in a two-part discussion of recent actions by the Federal Communications Commission. It provides an overview of two more recent FCC Orders that clarify the law regarding the 2014 Order and Section 6409(a) of the 2012 Middle Class Tax Relief and Job Creation Act.

Pay-if-Paid Provisions in Construction Subcontracts: They Are Not All Created Equal

Jimerson Firm

Subcontractors are often stuck in a situation where the general contractor refuses to pay them because the general contractor has not been paid by the owner. In support of their refusal to pay, general contractors may rely on a “pay-if-paid” provision in the subcontract.

Guest Post: Pandemic Heightens Importance of Vendor Oversight

Account Recovery

EDITOR’S NOTE: The following article was originally published by Jamie Welsh at Harvest Strategy Group and is re-published here with the company’s permission.

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Don’t Give Up Now: Five Tips to Help Your Business Survive the Pandemic

Direct Recovery

The Covid-19 Pandemic has been wreaking havoc on businesses across the country for almost a full year now, and while there may finally be some light at the end of the tunnel, a return to anything resembling life in 2019 is a long shot at best for most small businesses.

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Smoke Weed and Need Life Insurance? Some Companies Are Cool With Marijuana

Nerd Wallet

Though it’s increasingly legal, marijuana can still raise red flags for life insurance companies. While some insurers don’t mind covering you if you use pot, others will charge you higher rates or deny your application outright. About 22.2

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What is DSNB Bloom on My Credit Report?

Better Credit Blog

If you’re unsure about an inquiry from DSNB Bloom on your credit report, the following information can help. DSNB Bloom is the credit reporting code for a Bloomingdale’s credit card offered through Department Stores National Bank. The entry was most likely triggered by a credit card application.

Rise in Nonresidential Construction Input Prices Raise Concerns

NACM

Construction input prices remained relatively low during the latter half of 2020, but December's nearly 2% increase in pricing has nonresidential contractors concerned.Nonresidential construction input prices were the cause behind the unexpected increase, with a annual change of 2.7%, according to Associated Builders and Contractors (ABC).

Biden Names Temporary Picks to Lead CFPB, FCC, FTC

Account Recovery

President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission.