Mon.Apr 03, 2023

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Cash flow basics for a changing economy

American Profit Recovery

Cash flow is the lifeblood of any business, and your small business can be vulnerable to cash flow issues. And economic conditions can be a major driver, whether it be negative or positive cash flow. Without a steady flow of cash, your small business could struggle to meet your own financial obligations, attend to basic expenses, meet payroll, invest in growth and so much more.

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Judge Grants MTD in FDCPA Case Over Emails Sent to Represented Consumer

Account Recovery

Some good news to all the companies that are being sued for allegedly violating the Fair Debt Collection Practices Act because they contacted an individual after being notified that he or she is being represented by an attorney — a District Court judge in Illinois has granted a defendant’s motion to dismiss after it was … The post Judge Grants MTD in FDCPA Case Over Emails Sent to Represented Consumer first appeared on AccountsRecovery.net.

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Advancing the Science of Optimization: FICO & Zuse Institute Berlin

Fico Collections

Home Blog FICO Advancing the Science of Optimization: FICO & Zuse Institute Berlin FICO partners with Zuse Institute Berlin on critical research into mathematical optimization FICO Admin Tue, 02/18/2020 - 14:57 by Oliver Bastert Vice President, Product Management expand_less Back To Top Mon, 04/03/2023 - 11:45 As a result of the pandemic, interest in mathematical optimization has risen to new heights.

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Compliance Digest – April 3

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. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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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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How Much Money to Save for an Emergency

Credit Corp

Studies show the majority of adults in America can’t cover the cost of a $1,000 emergency. This lack of savings may put these consumers at significant risk and unable to navigate even a small financial emergency. How Much Should a Person Save for Emergencies? Experts agree that the average emergency fund per month is between 3 and 6 months of expenses.

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CFPB Issues Policy Statement on Abusive Conduct under the CFPA

Troutman Sanders

Today, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a policy statement purporting to summarize, in clear and simple terms, the meaning of the statutory prohibition on abusive conduct. Policy statements are intended to provide background information about laws under the CFPB’s jurisdiction and articulate how the CFPB will enforce those laws, but are not meant to impose new legal requirements.

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Daily Digest – April 3. Judge Grants MTD in FDCPA Case Over Emails Sent to Represented Consumer; The Keys to Building a New Hire Training Program

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER EMAILS SENT TO REPRESENTED CONSUMER Some good news to all the companies that are being sued for allegedly violating the Fair Debt Collection Practices Act because they contacted an individual after being notified that he or she is being represented by an attorney — a District Court judge … The post Daily Digest – April 3.

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What International Companies Should Know Before Recovering Debts in the UK

Taurus Collect

Managing international debt recovery is complex, and it’s important to know the laws of each country to do so successfully. This blog post will break down everything companies outside of the UK need to know before recovering debts from British residents or businesses. We will provide an overview of the legal requirements, the timeline for debt collection, potential solutions as well as key tips for achieving optimal success when trying to collect unpaid invoices owed by UK customers.

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Three Keys to Building Effective Training Programs

Account Recovery

Rodney Dangerfield went “Back to School,” didn’t he? So why can’t aspiring debt collectors do it, too? Many might not remember Dangerfield and the 1986 classic movie where the then-65-year-old comedian played a father who enrolled in college to be with his son (totally worth re-watching if only to see pre-Ironman Robert Downey, Jr., and … The post Three Keys to Building Effective Training Programs first appeared on AccountsRecovery.net.

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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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Distopia: There Is No Perfect Software

NCBA Law Practice Management Blog

Law firm owners swap into and out of software on a regular basis, including primary tools, like case management software. Now, certainly, some of that is justified, because some attorneys do a deep dive into product offerings that deliber true alternatives that represent an improvement on what they had been using. But, sometimes, attorneys switch. and, switch again. and, switch once more.

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Everything You Need to Know about 529 Accounts

Credit Corp

Studies show that college tuition increased by 134% at private colleges and 175% at public universities from 2003 to 2023. So, for many families, these rising costs are making it harder to afford a college degree. To help cover these costs, many families and students start saving for college to help avoid student loans. There are many options you can use to help save money for college.

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Tierdrops on My Guitar: A New Approach to Law Firm Price Rises

NCBA Law Practice Management Blog

If you belong to one of the few law firms that raises their rates annually – Kudos to you ! Most law firms aren’t doing that. But, if you are doing it , you’re probably doing it the way most law firms firm are, in that you’re only raising rates on your new clients, and you’re grandfathering all the old ones in. That strategy, however, can become problematic, especially if your cases tend to linger on, and aren’t highly transactional – because that means that you’ll be managing several different

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Valerie Ingold becomes the first female president in the history of the IACC

Collection Industry News

Collection Industry News would like to congratulate Valerie Ingold on becoming the first female president in the history of the IACC(International Association of Commercial Collectors) As a young college student, Valerie never envisioned a career in the collection industry. While attending college and earning degrees in photography and art history, she was working part-time as a receptionist for CCC (Commercial Collection Corp of NY, Inc).

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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?

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7 Bad Credit Card Habits You Can’t Afford to Keep

Credit Corp

If you know how to use a credit card responsibly, you can boost your financial life. Credit cards help you shop more securely online and book rental cars, and they can create more flexible cash flow opportunities. When used responsibly, credit cards also help you build credit. Flip the coin, however, and you get irresponsible credit card use. That can hurt your cash flow, leave you in debt and lower your credit score.

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