American Profit Recovery

JUNE 23, 2023

We speak to business owners and other decision-makers all the time when it comes to debt collections and there is one question they ask repeatedly. Are there any warning signs a customer is not going to pay? And the answer is a definitive yes! There are unquestionably signs that a customer is not going to pay and we have assembled these below. And while that is not always the case, our experts have found these are the more apparent signs of a customer not paying you in the future.

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Collection Agencies Collections Agency Collections 161

Account Recovery

JUNE 23, 2023

Residents living in the Southern states are more likely to have unpaid medical debts, but are also more likely to benefit from recent changes to credit reporting guidelines regarding medical debts, according to a report issued this week by the Consumer Financial Protection Bureau.

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Nexa Collect

JUNE 23, 2023

Minimizing student dropout rates from colleges requires a multi-faceted approach, as the factors contributing to student dropout are diverse and often interconnected. Implementing these strategies requires a concerted effort from educators, administrators, policy-makers, and students themselves. Here are some strategies that can be employed: Early Intervention and Monitoring : Implement early warning systems to identify students at risk of dropping out.

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Account Recovery

JUNE 23, 2023

As expected, a collection law firm that has been fighting a Civil Investigative Demand from the Consumer Financial Protection Bureau for five years has submitted a petition to the Supreme Court to hear arguments in its case, positing that the funding structure of the agency violates the Appropriations Clause of the Constitution and renders the […]

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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.

Nexa Collect

JUNE 23, 2023

Dentists can employ various strategies to overcome competition and market saturation in order to grow and sustain their practice. Here are some strategies that dentists can consider: Differentiation : Differentiate your practice from competitors by offering unique services, adopting advanced technologies, or focusing on specialized treatments. Build a Strong Online Presence : A well-designed website and social media engagement can help attract new patients.

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Nexa Collect

JUNE 23, 2023

Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors. Many people may already be struggling financially, and knowing that a debt has reached the collections stage can exacerbate their emotional distress.

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Collection Agencies Collections Agency Debtor Collections 100

Account Recovery

JUNE 23, 2023

COLLECTOR FACING CLASS-ACTION FOR NOT RESPONDING TO VALIDATION REQUEST IN SPANISH COLLECTION LAW FIRM FIGHTING CFPB CID FILES PETITION WITH SUPREME COURT CFPB REPORTS HIGHLIGHT COLLECTION PROBLEMS FACING SOUTHERNERS TECH COMPANY RELEASES WHATSAPP-BASED CHAT PLATFORM FOR COLLECTORS EMPIRE CREDIT PARTNERS WITH SKIT.

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Nexa Collect

JUNE 23, 2023

The impact of a debt collector’s call on the debtor can be multifaceted and can affect various aspects of the debtor’s life. Here are some of the potential impacts: Stress and Anxiety : One of the most immediate impacts of a debt collector’s call is the increase in stress and anxiety. Debtors may feel embarrassed, worried, or even scared when contacted by a debt collector.

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Account Recovery

JUNE 23, 2023

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Collections

Troutman Sanders

JUNE 23, 2023

Last week, the Ninth Circuit Court of Appeals affirmed a lower court’s denial of preliminary injunctive relief to plaintiffs challenging Nevada Senate Bill 248 (S.B. 248), which places new restrictions on the collection of consumer medical debt. In doing so, the court found the bill neither ran afoul of the First Amendment, nor was preempted by the federal Fair Debt Collection Practices Act (FDCPA) or Fair Credit Reporting Act (FCRA).

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Jimerson Firm

JUNE 23, 2023

SB 1718 , amending, among other Chapters, Chapter 448, Florida Statutes (labor regulations) , was recently signed into law by Governor DeSantis and introduces several amendments to the state-regulated immigration laws that impact Florida employers. This blog post provides an analysis of the key provisions within the bill that are likely to affect any employer who employs an immigrant workforce.

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Troutman Sanders

JUNE 23, 2023

Today the U.S. Supreme Court issued a 5-4 decision in Coinbase, Inc. v. Bielski , holding that a district court must stay its proceedings while an interlocutory appeal on the question of arbitrability is pending. The decision resolves a circuit split on the question of whether such a stay is mandatory or discretionary. Justice Kavanaugh authored the majority opinion, joined by Chief Justice Roberts and Justices Alito, Gorsuch, and Barrett.

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Fico Collections

JUNE 23, 2023

Home Blog Feed test Top 10 Reasons to Migrate to FICO® Score 10 T Leveraging FICO’s heritage of scoring expertise, FICO ® Score 10 T is built with trended credit data enabling a higher level of predictive power Thu, 05/04/2023 - 04:28 JenniferPiccinino@fico.com by Moma Chakraborty Director of Product Management, Scores expand_less Back to top Fri, 06/23/2023 - 15:00 For 30+ years, the US lending marketplace and lenders have relied upon the industry standard FICO® Score to help drive their consum

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Lender Consumer Credit Financial services Government 52

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?

Banks

NCBA Law Practice Management Blog

JUNE 23, 2023

For a while now, alternate domain extensions have been available, beyond the traditional.com. Of particular interest to attorneys is that.law and.lawyer have been available for a little while now ; and now,esq is available. That’s more inline with the.attorney extension – also available. One of the advantages of buying new domain extensions is getting access to basic domain names that have long been unavailable under the traditional.com formation.

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Collection Industry News

JUNE 23, 2023

Here are some recommended steps to follow: 1. Gather information: Start by gathering as much information as possible about the international debtor. This may include their contact details, business information, financial records, and any documentation related to the debt or contract. You can utilize various sources such as credit reports, international business directories, or professional networks to obtain this information. 2.

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NCBA Law Practice Management Blog

JUNE 23, 2023

Data breaches are quite common for small law firms; and, they happen far more often than you might expect. The obvious implication is that one could happen to you. But, if you create and observe a data management program, you’ll be able to reduce your risk significantly – since that document will force you to outline data security threats + how to manage them.

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Fico Collections

JUNE 23, 2023

Home Blog Feed test Is Hyper-Personalization a Game Changer for Fraud Management? Done right, hyper-personalization is the key to some major challenges faced by fraud departments, transforming customer experience and fraud controls Wed, 03/08/2023 - 22:14 jessica shortt by Matt Cox Vice President and General Manager, EMEA expand_less Back to top Fri, 06/23/2023 - 10:50 Over the past decade, personalisation has been the holy grail at key touch points in the customer lifecycle.

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Collections

NCBA Law Practice Management Blog

JUNE 23, 2023

One of the biggest issues attorneys have with developing effective content marketing profiles is that they can’t find the time to write or produce the content they ultimately need to distribute. That’s always been the sticking point. Enter AI, which is taking the world by storm, via ChatGPT , a generative AI tool, which will produce information for you based on queries, or ‘ prompts’.

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NACM

JUNE 23, 2023

According to a PWC working capital study, 98% of interviewed CEO's admitted they could be more confident about the visibility they have over cash flow. Learn how the credit department can create more visibility around AR with the help of automation. Listen to the latest episode of Extra Credit here.This episode is brought to you by BlackLine. Compl.

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NCBA Law Practice Management Blog

JUNE 23, 2023

There is still a not insignificant subset of attorneys who still dictate communications. Some lawyers w ill dictate to staffpeople , while others use standalone technology, like Dragon Naturally Speaking , to manage the trick. But, you don’t really need any substitute technology to dictate, any longer. All of Microsoft Word , Google Docs and Apple Pages feature dictation tools built-in, at no extra cost.

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Lawyers Law Firms Creditors 52

NACM

JUNE 23, 2023

Happy birthday NACM!On June 23, 1896, the credit profession as we know it today was born. America's credit managers heard O.G. McMechen's call to create a national association for business credit management, resulting in the formation of the National Association of Credit Men, which would eventually grow to become the National Association of Credit.

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Credit Management 4

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.