Wed.Nov 29, 2023

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22 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.

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Looking Beyond Fees: Evaluating Payment Processing Services

PDC Flow

Companies often shop for payment processing services based on cost. For many businesses, especially those in regulated industries, using this criteria may not lead you to the best payment software for your company. This is because not all payment processing services are the same. Some payment softwares are designed with specific industries in mind and don’t offer the payment processing services your consumers and your office require (or include features you’ll never need).

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Mass. AG Fines Creditor $8.75M For ‘Abusive’ Collection Tactics

Account Recovery

The Attorney General of Massachusetts yesterday announced an $8.75 million settlement and enforcement action with Rent-A-Center over allegations related to how it collected debts from its customers.

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Late paying contractors to be hit with public work ban

UK debt collections

Late paying contractors are to be prevented from procuring government contracts under new proposed legislation. Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a public work ban The potential public work ban was announced as part of the Autumn Statement , where chancellor Jeremy Hunt outlined the deadlines that would tighten over the next couple of years.

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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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Judge Denies MTD From Credit Repair Org’s Owner in FTC Suit

Account Recovery

The owner of a credit repair organization, who alongside a number of corporations, was sued by the Federal Trade Commission for violating the FTC Act, the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Fair Credit Reporting Act, and the Gramm-Leach-Bliley Act has had his motion to dismiss denied by a federal judge.

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Daily Digest – November 29. Mass. AG Fines Creditor $8.75M For ‘Abusive’ Collection Tactics; Judge Denies MTD From Credit Repair Org’s Owner in FTC Suit

Account Recovery

Mass. AG Fines Creditor $8.

Creditors 147
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How holiday shopping leads to debt nightmares

Roths Child Law

The holidays are all about thoughtfulness and giving – but too many people feel pressured to give until it really hurts. Despite the rising cost of living and inflation woes, it’s still predicted that 95% of people will indulge in a little holiday spending – and the average person will spend around $1,600 on gifts (although they may get less for their money).

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in October 2023, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – New Ethics Opinion Addresses Conflicts in GAL Work – Oct 2023 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Member Spotlight: Reach New Heights with Certifications

NACM

Seeking and acquiring knowledge is fundamental for any professional. It is what propels us forward in our careers. By earning designations through NACM's Professional Certification Program, credit professionals are not only educating themselves on various credit management disciplines, but they are gaining the necessary skills to become a master in.

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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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CFPB Fines BofA $12M For Lying About Data Reported to Federal Gov’t

Account Recovery

Bank of America was fined $12 million yesterday by the Consumer Financial Protection Bureau for not reporting data about the race, ethnicity, and sex of individuals obtaining mortgage loans from the mega-bank, instead choosing to lie and say that the consumers were unwilling to provide that information.

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