Account Recovery
APRIL 24, 2024
Judge Remands Collection Lawsuit Back to State Court FTC Enacts Ban on Noncompete Clauses Walmart-Backed Fintech Starts Offering BNPL Services 25 Companies Seeking Collection Talent Attorney Issa K.
Consumer Finance
APRIL 23, 2024
The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers.
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Collections Law
APRIL 23, 2024
Winning a judgment from the court might feel like a victory, but getting paid might be a whole new battle that you and your company were not expecting. At Law Offices of Alan M. Cohen & Associates LLC, our Massachusetts commercial collections attorneys have over 50 years of experience in aggressive, relentless, effective and commercial debt collection including but not limited to judgment enforcement and domestication.
UK debt collections
APRIL 24, 2024
A Timeshare risk management company which claimed to help people exit their timeshare contracts in Tenerife has been shut down leaving clients at a loss Timeshare Legals Limited was wound-up following investigations by the Insolvency Service which found no proper accounting records, hundreds of clients left with unfulfilled claims and the transfer of client funds to a company in Spain with the same name, Timeshare Legals SL, and the same director, creating a lack of transparency.
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.
Jimerson Firm
APRIL 22, 2024
In the ever-evolving realm of construction contracts, navigating the contractual dispute resolution procedures can pose significant challenges for contractors. Since the 2007 revision to AIA contract forms, the so-called Initial Decision Maker (IDM) process has become more common and is presenting new challenges for contractors. Thus, a basic understanding of the IDM process is essential for contractors seeking to navigate these complexities.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Credit Corp
APRIL 23, 2024
Medical debt can negatively impact your credit score by increasing your credit utilization ratio. Or, if you don’t pay off the debt, by being listed as a charge-off or an item in collections on your credit reports. Medical debt can have a direct impact on your credit score in a few different ways. How it will affect your credit score will depend on a few different factors, like: Where you check your credit score How much medical debt you have How long you’ve had that medical debt If you’ve fully
FFGN COLLECT NY
APRIL 23, 2024
New York debt collection laws allow judgment creditors many ways to collect from debtors. One option available is to take over or “charge” a judgment debtor’s interest in an LLC or limited liability company. An LLC is a separate entity that offers personal liability to each of the shareholders or stockholders. An individual and/or corporation may have an interest in an LLC, and that interest is fair game when it comes to judgment enforcement in New York.
Collections Law
APRIL 22, 2024
On occasion, a corporation may appear destitute, even defaulting on its financial responsibilities and unable to satisfy its debts. Meanwhile, its shareholders or business owners appear flush with cash. This scenario can be frustrating to a debtor. When it seems as though an individual is hiding behind the corporate structure of their company, it is understandably infuriating.
JMA
APRIL 21, 2024
Many Australian small businesses face a common challenge: recovering outstanding invoices. Chasing overdue payments can be a time-consuming and stressful burden, while the traditional debt collection process can be lengthy and yield uncertain results. This is where debt collection agencies like JMA Credit Control come in. We specialise in working with small businesses across Australia, Read more » The post Do Debt Collection Agencies Work With Small Businesses?
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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.
Account Recovery
APRIL 23, 2024
Judge Esther Salas of the District Court for the District of New Jersey was on a roll last Thursday, denying class certification in two separate Fair Debt Collection Practices Act cases against the same defendant, largely for the same reasons.
Consumer Finance
APRIL 24, 2024
As Americans suddenly realized they could not withdraw their funds from Sam Bankman-Fried’s FTX in November 2022, they wondered whether they would ever get their money back. In FTX’s bankruptcy filing was an unusual item: a deposit account held by FTX worth roughly $50 million at Farmington State Bank.
NCBA Law Practice Management Blog
APRIL 19, 2024
Deep fake videos that are made without the subject ’ s permission are unquestionably evil. But, what if you could deep fake yourself, for good ? Well, if you are currently doing (or, if you want to be doing) video marketing, deep fakes may be the best thing going. How many times have you said to yourself, in seeking more time: ‘I wish I could clone myself ’.
Qualco
APRIL 25, 2024
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Jimerson Firm
APRIL 25, 2024
Featured in the April 2024 Issue: Partner’s Perspective: Stepping Out of Your Comfort Zone in the Workplace “In our fast-paced world, filled with ambitious goals and grand aspirations, it is easy to overlook the significance of small victories. However, there is a profound impact that celebrating small wins can have on our overall sense of positivity and well-being. “ Blog Highlights Curiosities, Ruminations and Various Eccentricities of Firm Biz READ NEWSLETTER The post April 2024 &
Account Recovery
APRIL 22, 2024
St. Ann, Mo — April 22 — Consumer Adjustment Company, Inc. (CACi) is excited to announce the acquisitions of Creditors’ Discount & Audit Co. (CDA) and The Credit Bureau of Columbia/Account Management Services (AMS). The two companies are the latest to join the CACi family and further demonstrate the company’s stability and rapid growth.
NACM
APRIL 24, 2024
The goal for B2B credit managers is to wisely offer credit to customers, minimize nonpayment risk and foster business relationships. It is through NACM's Professional Certification Program, that credit professionals are able to learn or re-educate themselves on various aspects of trade credit, becoming a more efficient credit leader in the process.
NCBA Law Practice Management Blog
APRIL 19, 2024
If you hate taking notes for meetings – and, really, who doesn’t : it’s the w ors t – there are lots of AI-based notetaking apps proliferating across the webconferencing world. If you haven’t tried them yet, now would be a good time, to test out the options. If you use Zoom , Microsoft Teams or Google Meet – each of the products have built-in notetaking features.
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?
Qualco
APRIL 18, 2024
Responsible debt collection practices have become vital for financial institutions looking to build trust, enhance customer relationships, and contribute to a fair financial landscape. Our report , " Enabling Financial Integrity: A Blueprint for Responsible Debt Recovery " , guides you to navigate critical legislation and strategic collection approaches t o align with the highest collection standards.
Sawin & Shea
APRIL 24, 2024
Before someone makes a bankruptcy filing, it is not uncommon for debtors to feel as if they have to make some tough decisions. Which creditors can they pay? Which ones will not get the payment they’re owed? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first.
Account Recovery
APRIL 22, 2024
The Court of Appeals for the Second Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act, agreeing that the defendant’s conduct did not violate the statute and that that plaintiff’s claims were partially time-barred.
Credit Corp
APRIL 19, 2024
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. The term “six figures” refers to any annual six-digit salary that falls within the $100,000 to $999,999 range. Securing a post-graduate degree or attaining a highly in-demand position can help you earn six figures over time.
Speaker: William Hord, Vice President of ERM Services
A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.
NACM
APRIL 23, 2024
B2B trade credit professionals are not confined to any one set of responsibilities or one single role. It's a profession that branches out into multiple areas of work. Even for those who did not start out in the profession at the beginning of their career—credit has opened doors for new opportunities. Through NACM's Professional Certification Progr.
Qualco
APRIL 18, 2024
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
Account Recovery
APRIL 24, 2024
The Federal Trade Commission yesterday announced the issuance of a final rule that bans noncompete clauses nationwide, although the regulator did soften its stance on the usage of noncompetes for senior executives. The rule will go into effect 120 days after it is published in the Federal Register.
Account Recovery
APRIL 24, 2024
Want more proof that the Buy Now, Pay Later (BNPL) craze isn’t going away anytime soon? A fintech company backed by Walmart has started offering BNPL inside some of the retail giants brick-and-mortar stores on purchases of at least $100.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
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