Enterprise Recovery

JANUARY 10, 2025

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

Collections 171

Collections 171

Account Recovery

JANUARY 10, 2025

EDITORS 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? Call (855) WEB-RECON or email admin@webrecon.net today!

Original Creditor 130

Original Creditor Fair Debt Collection Creditors Collections 130

Hudson Weir

JANUARY 10, 2025

Businesses rely on steady cash flow to operate smoothly, and unpaid invoices can create major hurdles With this in mind, you might wonder: what is a letter before action and how can it help recover debts? UK small businesses face an average of 22,000 in overdue payments, translating to an economic loss of 2.5 billion annually. In fact, customers paid nearly 50% of small businesses invoices late between June 2023 and June 2024, according to Apollo.

Debt Recovery 59

Debt Recovery Creditors Government Collections Agency 59

Account Recovery

JANUARY 10, 2025

Fifty-three state financial regulatory agencies have imposed a $20 million penalty on Bayview Asset Management LLC and its affiliates Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings for inadequate cybersecurity practices and delayed compliance with state regulators. The coordinated enforcement action follows a 2021 data breach impacting 5.8 million consumers.

Loans 130

Loans 130

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.

Collection Industry News

JANUARY 10, 2025

David Zhao signed up for a medical credit card while supine in a dentists chair, fluoride trays in his mouth. In December 2018, the consumer lawyer from Los Angeles went for a routine dentist appointment at Western Dental in San Mateo, in the suburbs of Northern California. Zhao was told by the dentist that his gums were receding. He needed a special mouthguard or hed have to have surgery, he recalls being told.

Loans 40

Loans Financial Institution Accrued Interest Banks 40

Burt and Associates

JANUARY 10, 2025

Financial health is the backbone of long-term success for small business owners. While revenue growth and customer acquisition are often the focus, effective debt management is equally critical. One tool that stands out in managing debts and ensuring steady cash flow is amortization —a concept that can make seemingly insurmountable debts manageable and predictable.

Retail 52

Retail Acquisition Loans Debt Recovery 52

Account Recovery

JANUARY 10, 2025

A Florida Appeals Court has upheld the dismissal of a case that hinged on whether claims filed under the Florida Consumer Collections Practices Act (FCCPA) were assignable to third parties. This ruling could have significant implications for debt collection practices and the legal strategies employed by both consumers and collection agencies. The background: The case began when a residential tenant failed to pay rent for four consecutive months, prompting the defendant to post an 8-Day Notice on

Fair Debt Collection 130

Fair Debt Collection Collections Agency Collection Agencies Consumer Collections 130

Account Recovery

JANUARY 10, 2025

Collector Facing FDCPA Class-Action for Different Payment Portal Addresses in Different Letters ACA, Collection Agency, Sue CFPB to Block Medical Debt Credit Reporting Rule from Going Into Effect Florida Appeals Court Upholds Dismissal in FCCPA Case Over Claims Assignability State Regulators Fine Mortgage Servicer $20 Million Over Cybersecurity Violations Resulting from Data Breach Nordis Technologies Appoints Vice President of Operations WORTH NOTING: Some scary photos that show the extent of t

Collections Agency 130

Collections Agency Collection Agencies Collections 130

Account Recovery

JANUARY 10, 2025

CORAL SPRINGS, FL, January 8, 2025 Nordis Technologies, a fast-growing leader in omnichannel customer communications management and payments technology solutions, has named Gabe Preczner as Vice President of Operations. Gabe is responsible for increasing the innovation and efficiency of the companys print production and mailing services to continue delivering excellent client value.

Retail 130

Retail 130

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.