Trending Articles

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Daily Digest – March 27. Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap; Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit

Account Recovery

Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit CFPB, FTC Ramping Up Tech Capabilities, Staff 27 Companies Seeking Collection Talent WORTH NOTING: Now that Spring is on the way, here is the best patio furniture and how to shop for it […]

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CFPB Takes Action to Halt False Claims of 'Free' International Money Transfers

Consumer Finance

The Consumer Financial Protection Bureau issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law.

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5 Effective Strategies for Getting Clients to Pay Invoices on Time

Enterprise Recovery

Are you finding it challenging to get your clients to pay their invoices on time? Delays can be frustrating, impacting your cash flow and potentially causing financial strain. Several effective strategies can be implemented to streamline your payment process and ensure timely payments from your clients. Check out these five effective strategies to improve your payment process and boost your cash flow.

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Why don’t people pay their debts?

Collect More

This, my friends, is a billion dollar question. And here is the billion dollar answer- they don’t NEED to. Create the need and you’ll be paid. How else do you explain the $2.5 million dollars we collected in 2023 within 1 day of receiving the debt. 1 phone call or 1 email. $2.5 million dollars. That’s right- they had the money all along.

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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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Haulage firms named in Business Late payers list

UK debt collections

Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices. The “rogues gallery” included Ceva Logistics, Reed Boardall, Brake Bros and Jack Richards & Son. However, Leicestershire-based Samworth Brothers was praised for making a big improvement in its payment performance.

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5 Tips for Drafting M&A Closing Checklists

Jimerson Firm

In the complex and fast-paced world of business mergers and acquisitions (M&A), the creation of a comprehensive closing checklist is crucial. The closing checklist serves as a deal roadmap, ensuring that all critical steps are taken, and no detail is overlooked. A well-prepared closing checklist can significantly streamline the closing process, minimize risks, facilitate discussions, and get the parties working together to close the deal.

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The Main Event: Three Important Calendar Management Tips for Lawyers

NCBA Law Practice Management Blog

Most attorneys should probably be ruled by their calendars, with law practices running on deadlines. That’s especially true for litigation firms, which take direction from court rules and judges about when and how things get done. Of course, the problem with just taking a final deadline, and dropping that onto the calendar ( like: attend a hearing, send a document), is that you’re usually left just triaging everything , at the very last minute.

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Statement of CFPB Director Rohit Chopra and Chief Technologist Erie Meyer on Enhancing Agency Capabilities to Address Transformative Technologies

Consumer Finance

The CFPB is working to be a leader when it comes to building agency capabilities to address transformative technologies.

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CNN interviewed Jocelyn Nager New York Debt Collection Lawyer

FFGN COLLECT NY

CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, President of Frank, Frank, Goldstein & Nager. At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.

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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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Debt Collection Bill Advances in Massachusetts Senate

Account Recovery

A debt collection bill advanced out of committee in the Massachusetts Senate yesterday and is expected to be voted on by the full Senate later this week that seeks to make the collection process more “fair.” The bill, S 2713, was introduced by state Sen. Jamie Eldridge.

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Maximize the chances for debt recovery with a keeper attachment

Collections Law

Navigating the complexities of debt collection is an endeavor, even for larger Massachusetts businesses. At Law Offices of Alan M. Cohen & Associates LLC, our commercial litigation attorneys have more than 50 years of collective experience in commercial debt collection. Our success is directly related to our relentless, effective, yet ethical, collection strategies.

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An Essential Guide to Small Business Debt Management Australia

JMA

Managing debt is a top concern for Australian small business owners. And in this guide, we get straight to the point: offering real-world solutions for small business debt management Australia. Expect to find actionable steps, necessary legal know-how, and tools that fit the Australian economic landscape—enabling you to steer clear of debt and towards business.

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CFPB Toma Acción para Detener Falsa Promesas de Transferencias Internacionales de Dinero “Gratis”

Consumer Finance

La CFPB les advierte a los proveedores de transferencias de remesas no hacer falsas declaraciones sobre el costo y la velocidad de sus servicios.

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10 Ways to Improve Payment Collections with Salesforce

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.

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in February 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Florida is the First State to Publish an Ethics Op Use of Generative Al – Feb 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Daily Digest – March 26. Suit Accuses Creditor, Collector of Not Honoring Settlement Agreement; Judge Grants MSJ for Defense in FDCPA Case Over Unitemized Debts in Letter

Account Recovery

Suit Accuses Creditor, Collector of Not Honoring Settlement Agreement Judge Grants MSJ for Defense in FDCPA Case Over Unitemized Debts in Letter Debt Collection Bill Advances in Massachusetts Senate RCM Firm Settles Data Breach Class Action for $7M WORTH NOTING: The benefits of cold therapy might not be as robust as people claim, according to […]

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March 2024 – Stepping Out of Your Comfort Zone in the Workplace

Jimerson Firm

Featured in the March 2024 Issue: Partner’s Perspective: Stepping Out of Your Comfort Zone in the Workplace “For many of us, ideal professional growth includes the continuous development and application of skills to make a positive impact on your current position and career pursuits. Often, folks in the workplace are under the impression that their skills will be honed simply with their normal day-to-day experience and creating consistent work habits.

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Navigate Debt Recovery with Confidence: Your Guide to Debt Collection Queensland

JMA

Are you facing the challenge of collecting a business debt in Queensland? In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. We give you actionable insights and clear, no-nonsense advice to.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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2023 HMDA Data on Mortgage Lending Now Available

Consumer Finance

The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.

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Contest Avoidance:  A Probate Litigator’s Tips for Estate Planners

McLane

This article was originally published in the March 20, 2024 edition of the New Hampshire Bar News You are on the witness stand in the Probate Court in a will or trust contest, your right hand raised as you get sworn in, readying to testify about a will or trust you prepared decades ago. Your paralegals or administrative support team who attested to your client’s signature have little-to-no memory or, worse, have long retired or moved away, leaving you as the sole witness who can speak to the cl

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Daily Digest – March 25. Judge Grants MTD in FDCPA Class Action for Lack of Standing; Health Care Provider Files for BK Protection After Cyberattack and Dealing with Change Healthcare Fallout

Account Recovery

Judge Grants MTD in FDCPA Class Action for Lack of Standing Health Care Provider Files for BK Protection After Cyberattack and Dealing with Change Healthcare Fallout Gov’t Forgives $6B of Loans for 78k Workers Under PSLF Program Compliance Digest – March 25 WORTH NOTING: A quick, five-step method to help you get a messy house […]

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Member Spotlight: One Step at a Time

NACM

In B2B credit, business and law go together. Developing skills in business law helps credit professionals navigate complex legal environments, mitigate risks, protect assets and foster ethical conduct. Timothy Van Natta, CBF, clinical assurance division chief at California Department of Health Services (Sacramento, CA), just earned his Certified Bu.

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Successful Change Management with Enterprise Risk Management

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.

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WIll New York Bar MCA Lender Yellowstone Capital and Subs from New York?

FFGN COLLECT NY

On March 5, 2024, New York State Attorney General Letitia James filed a lawsuit against Yellowstone Capital, a merchant cash advance company, for orchestrating a predatory lending scheme. The lawsuit also names Yellowstone’s founders individually, and 30 other subsidiaries and officers. The petition alleges Yellowstone exploits small businesses through fraudulent loans at “sky-high interest rates” disguised as merchant cash advances.

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CFPB Joins Federal and State Agencies in Coordinated Statements on Tech & Enforcement

Consumer Finance

Today, a number of federal and state agencies released agency-specific action statements on tech capacity.

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What are a Landlord’s Rights When Facing a Human Rights Complaint from HUD or a Subsidiary?

Jimerson Firm

It is not uncommon for residential tenants to find themselves at a disadvantage when entering a lease agreement and renting residential property from a landlord. Often, the tenant is not sophisticated in real estate law or the relevant laws of the jurisdiction governing landlords and tenants. Additionally, in the past, landlords were not prohibited from discriminating against certain minorities or protected classes of people when leasing their property, which compounded these problems.

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Judge Grants MTD in FDCPA Class Action for Lack of Standing

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action, ruling the plaintiff lacked standing to sue over a disclosure made in a collection letter. The Background: In April of 2022, the plaintiff received a collection letter from the defendant.

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ERM Program Fundamentals for Success in the Banking Industry

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?