Enterprise Recovery

JULY 17, 2023

If your business is in a situation where goods or services have been provided, but your customer has failed to pay their invoice on time, it's up to your accounts receivable team to follow up. Your A/R department, however, can only do so much to ensure that your business receives the payment it deserves and maintains a healthy cash flow. It's crucial to provide a detailed process for escalating past-due invoices beyond accounts receivable to collections.

Collections 186

Collections 186

Account Recovery

JULY 17, 2023

The Court of Appeals for the Seventh Circuit has affirmed a lower court’s summary judgment ruling in favor of a defendant that used the Fair Debt Collection Practices Act’s Bona Fide Error defense, agreeing with the District Court that 12 calls placed during a three-week period is not harassing and that the deliberate circumvention of […]

Fair Debt Collection 130

Fair Debt Collection Judgment Collections 130

Taurus Collect

JULY 17, 2023

Do you own a rental property business and are having difficulties collecting past-due rent from tenants? If you’ve tried every option possible to collect the money owed, it may be time to seek help from a collection agency. It can be overwhelming trying to identify which collection agency is right for your business, so we have laid out what needs to be done throughout this entire process with helpful tips on how to properly use a collection agency and manage outgoing payments.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debt Recovery 52

Account Recovery

JULY 17, 2023

The Court of Appeals for the Ninth Circuit has partially affirmed the dismissal of a Fair Debt Collection Practices Act case — determining that an individual who has had loans discharged in bankruptcy cannot subsequently accuse a collector of violating the statute — but also reversed the dismissal of claims based on the FDCPA’s one-year […]

Fair Debt Collection 130

Fair Debt Collection Bankruptcy Loans Collections 130

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.

Taurus Collect

JULY 17, 2023

As a business owner, knowing how to effectively manage your debtors is essential when it comes to staying on top of financial transactions. Unfortunately, the process can be a bit intimidating and overwhelming for those who don’t have much experience in this area. That’s why we’ve put together this comprehensive guide to debtor tracing in the UK – to make sure you’re up-to-date with all relevant information!

Debtor 52

Debtor Collection Agencies Collections Agency Collections 52

Taurus Collect

JULY 17, 2023

Skip tracing, also known as ‘debt collection skip-search’ or simply a ‘skip search’, is a process used by debt collectors to locate and contact those individuals who have gone to great lengths to avoid being found. It can be an incredibly effective collection tool for finding missing debtors. In this blog post, we’ll go into the basics of skip tracing in debt collection so you can gain greater insight into how these professionals try locating those who are hard to find to ultimately collec

Collections 52

Collections Debtor Debt collector Collection Agencies 52

Account Recovery

JULY 17, 2023

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.

130

130

Roths Child Law

JULY 17, 2023

People are often grateful for the relief provided by the automatic stay that the court grants when they file for bankruptcy. After all, they have probably endured aggressive collection efforts for months at the point that they file for bankruptcy and may feel anxious every time they answer the phone or go to the mailbox, to describe their situation mildly.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

TCPA

JULY 17, 2023

Ever since the Supreme Court confirmed that the TCPA’s autodialer restrictions apply only to devices that generate numbers randomly or sequentially, the plaintiffs’ bar has been digging deep for new theories of liability to fill the void.

52

52

Advertisement

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.

Collections

Troutman Sanders

JULY 17, 2023

Deceptive advertisements, market manipulation, misappropriation of customer funds, and “Ask Me Anything (AMA)” sessions served as the catalysts of a civil enforcement action the Federal Trade Commission (FTC) recently filed against bankrupt digital asset services provider Celsius Network LLC (Celsius) and its co-founders on July 13. This is a groundbreaking move by the FTC for two reasons.

Financial Institution 52

Financial Institution Trade Fair Debt Collection Bankruptcy 52

Price Meese

JULY 17, 2023

The Firm is proud to announce that Rick A. Steinberg has been appointed Co-Chair of the Commercial and Business Litigation Committee of the Transportation Lawyers Association. Congratulations. The post Rick Steinberg appointed as Co-Chair of Commercial and Business Litigation Committee appeared first on Price, Meese, Shulman & D’Arminio, PC.

Lawyers 52

Lawyers 52

CICM

JULY 17, 2023

The future is never certain, but trends and patterns in today’s industry give us good insight into possible direction. So what are the predictions for the credit management and collections industry for 2024? More Technology One of the most significant trends in the credit management and collections industry is the increased use of technology. This trend will likely continue in 2024, with more organisations relying on digital tools and automation to manage their credit operations.

Credit Management 52

Credit Management Collections Creditworthiness Government 52

TCPA

JULY 17, 2023

Ever since the Supreme Court confirmed that the TCPA’s autodialer restrictions apply only to devices that generate numbers randomly or sequentially, the plaintiffs’ bar has been digging deep for new theories of liability to fill the void. One example of that is Hall v.

40

40

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

CICM

JULY 17, 2023

Global public borrowing has been increasing around the world. With an ageing population in many countries and the hangover of COVID-19, many Governments are taking on more debt to support their economies and healthcare systems. So, with public borrowing at a record high and experts predicting a continuing trend, it is important to understand the implications.

Healthcare 52

Healthcare Government Credit Management Education 52

Collection Industry News

JULY 17, 2023

NEW YORK, July 6 (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem with the Federal Reserve’s aggressive monetary policy stance adopted since last year aimed at curbing inflation. As a result, the rates climbed to 7.08% in November 2022 – its highest in two decades.

Loans 40

Loans Collections 40

Payment Savvy

JULY 17, 2023

Without even stepping foot outside your front door, today you can effortlessly snag that perfect pair of shoes, order a mouthwatering gourmet meal, or even book a luxurious vacation thanks to the internet. It’s like having a magical genie at your fingertips, ready to grant your every shopping desire. But is it that simple? Not exactly. As a matter of fact, there is an entire industry behind the scenes that enables you to buy products and services in the comfort of your home.

Retail 52

Retail Manufacturing Trade Banks 52

CICM

JULY 17, 2023

TCN 2023 Consumer Survey Reveals Nearly Three-Quarters of Consumers Will Abandon a Brand After Just One Bad Customer Service Experience UK, London/Midlands, Bucharest, Romania and St. George, Utah, USA – June 28, 2023 TCN, Inc., a global provider of a comprehensive cloud-based call centre platform for enterprises, contact centres, BPOs, and collection agencies, has released the results of its third annual “Consumer Insights about Customer Service” survey.

Healthcare 52

Healthcare Collection Agencies Collections Agency Financial Institution 52

Advertisement

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

Collections

Account Recovery

JULY 17, 2023

The Department of Education announced on Friday that more than 804,000 borrowers will automatically receive a combined $39 billion in student loan forgiveness as part of an effort to rectify historical flaws in the the servicing of federal student loans.

Student loans 130

Student loans Student Loans Loans Education 130

Account Recovery

JULY 17, 2023

Biden Administration Wipes out $39B in Student Loans Appeals Court Upholds Ruling for Defendant in FDCPA Case Thanks to Bona Fide Error Defense Appeals Court Partially Reverses FDCPA Case Based on Statute of Limitations Appeals Court Affirms Dismissal of FDCPA Suit Compliance Digest – July 17 WORTH NOTHING: Why you may want to consider having […]

Student loans 130

Student loans Student Loans Loans 130