Wed.Sep 18, 2024

article thumbnail

Don’t leave money on the table-why small invoices add up to positive cash flow

American Profit Recovery

“I have a lot of small invoices in my business that have not been paid. What should I do?” This is a common question our team gets from small and large businesses regarding lower dollar amount invoices that remain unpaid. Many businesses think it’s not worth the effort to implement collection activity on small invoices. But what if we told you that focusing on these in your business could add up to significant amounts of money recovered for your business.

article thumbnail

Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication

Account Recovery

A District Court judge in Oklahoma has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it responded to a certified letter from the plaintiff that email was the only way to conveniently contact her by sending another letter to the plaintiff via traditional mail. The background: Back in December, the plaintiff received a collection letter from the defendant.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prepared Opening Remarks of CFPB Director Rohit Chopra at the Aspen Institute on Abuse and Misuse of Our Personal Data

Consumer Finance

CFPB Director Rohit Chopra provided opening remarks at the 2024 Aspen Institute Cyber Summit.

118
118
article thumbnail

Appeals Court Vacates Ruling in Collections, Credit Reporting Case

Account Recovery

The Court of Appeals for the Second Circuit has vacated a lower court’s ruling in a case where the defendant was accused of harassing the plaintiff by sending a disputed termination fee to collections and reporting the debt to the credit reporting agencies. The lower court had granted a motion to compel arbitration that was filed by the defendant, but because the plaintiff never actually alleged that a federal law was broken, the lower court had no jurisdiction to issue a ruling, the Appea

article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Prepared Remarks of CFPB Director Rohit Chopra at the Center for American Progress Housing Summit

Consumer Finance

Director Chopra delivered remarks on streamlining the refinancing process following the Federal Reserve federal funds rate reduction.

More Trending

article thumbnail

City Council owed £229m in Unpaid Debt

UK debt collections

Bristol City Council is owed £229m in unpaid debt, included nearly £52m of council tax it has failed to collect. However unpaid invoices account for much of the debt – £88.6m – and £30.9m of this is not due until next year. Bristol City Council revealed the figure – which also included rent arrears and clean air zone (CAZ) charges – in a report to the strategy and resources policy committee on Monday.

article thumbnail

Daily Digest, September 18. Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication; Appeals Court Vacates Ruling in Collections, Credit Reporting Case

Account Recovery

Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication Appeals Court Vacates Ruling in Collections, Credit Reporting Case Text Messaging: The Next Frontier in Consumer Engagement for Financial Institutions 20 Companies Seeking Collection Talent WORTH NOTING: If you are looking for the secret to keeping good workers around, pay them compliments … A new AI-powered app is offering personalized allergy forecasts for people … There is a lot at stake with that firs

article thumbnail

How Do You Reaffirm an Unpaid Promissory Note?

FFGN COLLECT NY

Let’s say your company executed a promissory note with a client company that borrowed $100,000. The parties execute a valid promissory note on October 24, 2024, that indicates the amount borrowed and the date of repayment, October 15, 2025. Then around the date the note becomes due, the client states they need six additional months (April 15, 2026).

Loans 52
article thumbnail

20 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.