Account Recovery
JUNE 7, 2023
The parent company of Lexington Law, which filed for bankruptcy protection earlier this week, is planning to auction off its assets and has laid off more than 75% of its employees, according to published reports.
Consumer Finance
JUNE 7, 2023
The Consumer Financial Protection Bureau (CFPB) took action against medical debt collector Phoenix Financial Services (Phoenix) for numerous debt collection and credit reporting violations.
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Account Recovery
JUNE 7, 2023
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.
Consumer Finance
JUNE 7, 2023
Five federal regulatory agencies today requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.
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.
Account Recovery
JUNE 7, 2023
A District Court judge in Florida has remanded a Fair Debt Collection Practices Act case back to state court where it was originally filed, ruling the plaintiff lacks standing to sue, while also denying the plaintiff’s request for attorney’s fees and costs because the defendant removed the case to federal court.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 7, 2023
The Consumer Financial Protection Bureau yesterday painted a target on artificial intelligence, issuing an advisory about banks and companies in the financial services industry using the technology in chatbots, saying it can lead to violations of consumer finance laws and harm consumers by providing inaccurate information and diminished customer service.
Sawin & Shea
JUNE 7, 2023
Co-signers are beneficial for those seeking to obtain loans and credit cards. The primary advantage of having a responsible co-signer is that it will increase your chances of receiving credit approval. Additionally, having a co-signer may enable you to secure more favorable interest rates. If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy.
Account Recovery
JUNE 7, 2023
BANKRUPT PARENT OF LEXINGTON LAW PLANS ASSET SALES The parent company of Lexington Law, which filed for bankruptcy protection earlier this week, is planning to auction off its assets and has laid off more than 75% of its employees, according to published reports. More details here.
Price Meese
JUNE 7, 2023
Introduction: Condominium living has gained immense popularity in New Jersey, offering a unique housing option for individuals seeking the benefits of homeownership without the responsibilities of maintaining an entire property. While condominiums provide numerous advantages, there may come a time when termination becomes necessary due to various reasons.
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Jimerson Firm
JUNE 7, 2023
Noncompete agreements have long been a controversial topic in the employment landscape, and the Federal Trade Commission (“FTC”) has publicly taken the position that they limit workers’ career mobility and impede entrepreneurship. In step with their public position, the FTC proposed a new rule in January 2023 that would declare non-compete clauses an unfair method of competition.
Price Meese
JUNE 7, 2023
We are pleased to announce that Edward Purcell, Esq., of Counsel, has been appointed as a trustee of the Somerset County Bar Association (“SCBA”). Ed lives in Somerset County with his wife and three daughters and has been very involved with the County Bar. As Chair of the SCBA’s land use section, Ed has organized and managed the Bar’s annual land use symposium which provides a required basic course certification for new land use board members.
CICM
JUNE 7, 2023
Ensuring your invoices are paid promptly and within terms is an essential item on the ‘to-do’ list for any business that wants to maintain a healthy cash flow position. However, managing Accounts Receivable can be time-consuming, complicated and yield uncertain results, particularly for smaller and mid-size organisations. In this blog, you will find tips that help ease the process, secure some ‘wins’ and streamline your business operations.
Troutman Sanders
JUNE 7, 2023
Join us for the final episode in a special five-part series covering artificial intelligence (AI). Many companies use machine learning algorithms and AI to assist with employment decisions and tenant screening. In our final episode, Stephen Piepgrass and colleagues Ron Raether and Dave Gettings examine the use and impact of AI in background screening, including the potential risks companies may face with increased reliance on AI.
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?
CICM
JUNE 7, 2023
The digital age has transformed how organisations operate in almost every industry, and collections are no exception. Advances in technology have made it easier than ever for businesses to enhance and streamline their collections processes, improve their cash flow, and manage risk. This blog explores how companies can harness technology to enhance their collections processes.
BN Lawyers
JUNE 7, 2023
Manny Newburger co-authored an article on bank failures that was published in Southwest ACA Collector Connector. You can read the article here → The post Manny Newburger Co-Authors Article on Bank Failures appeared first on Barron & Newburger, P.C.
Price Meese
JUNE 7, 2023
On May 17th, Edward Purcell, Esq., Of Counsel, spoke to the Paralegal Association of New Jersey (“PANJ”) on the “ins and outs” of New Jersey’s Open Public Records Act (“OPRA”). OPRA is an important tool for obtaining government documents in New Jersey. As part of his presentation, Ed discussed what kinds of records can be requested via OPRA, what public entities are subject to OPRA, and how to draft an OPRA request that won’t be denied.
NACM
JUNE 7, 2023
NACM's Professional Certification Program helps credit professionals advance in their career through the earning of a designation. It is through this certification program that credit professionals can become well-rounded with a variety of skills and make a positive impact in their company.Jennifer Goetz, CCE, finance manager, customer receivables.
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NACM
JUNE 7, 2023
? NACM's Credit Managers' Index (CMI) slipped 1.6 points in May to 52.2—nearly erasing three months of improvement. This indicates the economy could collapse under the mounting pressure of lingering debt ceiling issues, interest rate hikes and continued stress in the banking sector, said NACM Economist Amy Crews Cutts.? Hear more on today's episode.
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