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A District Court judge in Minnesota has ordered a plaintiff’s attorney to pay $12,133.35 to cover the attorney’s fees incurred by the defendant in a Fair Debt Collection Practices Act case, bringing an end to a case where the attorney admitted to acting “petty” and was accused of prolonging the litigation to augment his recovery. … The post Judge Orders Plaintiff’s Attorney to Pay Defendant’s Attorneys $12k in Fees first appeared on AccountsRecovery.net.
Customer payments get delayed all the time. It may not always be worrisome right away, but not having an accounts receivables strategy can be devastating for your business. Consumers and businesses alike have ups and downs, and their financial situation can temporarily or permanently deteriorate. If you have outstanding AR from your customers, it is crucial to get paid on time before they prioritize other payments over yours.
The credit cycle is officially transitioning and opportunities to purchase portfolios of delinquent and charged off debts are starting to increase, the chief executive of Encore Capital Group said yesterday during a call with analysts to discuss the company’s financial performance for the fourth quarter of 2022 as well as for the entire year. For … The post Revenue, Profit Down at Encore, But Company Says Cycle Has Turned and Supply is Picking Up first appeared on AccountsRecovery.ne
Classic Motorcycle Company Hesketh Motorcycles are facing liquidation after a winding up order was served on the company by a customer. Customer Paul Anderson, 57, first contacted Hesketh Motorcycles in May 2021 and paid a £10,000 deposit towards the last £30,000 Sonnet café racer model Hesketh were going to make. In emails seen by Motorcycle News, Hesketh Managing Director, Paul Sleeman, confirmed that a build slot for the Sonnet was available, and on May 26 further confirmed via email.
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.
GETTING TO KNOW MEGAN HEBERT OF SPECIALIZED COLLECTION SYSTEMS Change starts with you, the famous saying goes. It’s a mantra that Megan Hebert of Specialized Collection Systems believes in very strongly — if the industry is going to change its image, it has to start with those working in it and those leading it. It’s … The post Daily Digest – February 23.
Rieva Lesonsky writes for NerdWallet. Email: articles@nerdwallet.com. The article How to Expand a Business: 10 Tips to Help Your Business Grow originally appeared on NerdWallet.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Rieva Lesonsky writes for NerdWallet. Email: articles@nerdwallet.com. The article How to Expand a Business: 10 Tips to Help Your Business Grow originally appeared on NerdWallet.
Change starts with you, the famous saying goes. It’s a mantra that Megan Hebert of Specialized Collection Systems believes in very strongly — if the industry is going to change its image, it has to start with those working in it and those leading it. It’s clear how much pride Hebert takes in the work … The post Getting to Know Megan Hebert of Specialized Collection Systems first appeared on AccountsRecovery.net.
Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article Why a New-Construction Home May Cost Less Than You Expect originally appeared on NerdWallet.
Earlier this month, RMA International held its annual conference. Rather than hear me talk about my experience and what I learned, I thought it would be better if you heard from your peers and colleagues from across the accounts receivable management industry about what they took away from the event. So I reached out to … The post RMAI 2023 Attendees Share Their Takeaways first appeared on AccountsRecovery.net.
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.
A local council in Surrey has signalled it is close to effective bankruptcy after amassing debts worth almost £2bn to fund a property investment spree, raising fresh questions over the fragile health of local authorities after years of austerity. Woking borough council said it was “in the territory” of being unable to meet its financial obligations, amid a surge in debt interest costs on its investments, which include a shopping centre, residential skyscrapers and 23-storey Hilton hotel.
Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article The United Upgrade Clearing Order and Other Tips to Get Upgrades originally appeared on NerdWallet.
As most businesses will attest, getting customers to pay an invoice on time can be challenging. The failure to pay an invoice can occur for a number of reasons. It can range from faulty goods being received, to incorrect paperwork, all the way to fraud. However, did you know one of the most common reasons for invoices not being paid is as simple as a lack of cash?
Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com. The article Does Home Insurance Cover Plumbing Problems? originally appeared on NerdWallet.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
Q: Does a BIPA claim accrue each time a person’s biometrics are scanned or only with the first such scan? A: A BIPA claim accrues with each scan. On February 17, the Illinois Supreme Court issued its long-awaited decision in Cothron v. White Castle , holding that a claim under Illinois’ Biometric Information Privacy Act (BIPA) is triggered upon each biometric scan, rather than just the first.
Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. The article Make Your Credit Cards Less Vulnerable to Fraud originally appeared on NerdWallet.
On February 16, the Department of Justice (DOJ) filed a complaint in the district court for the Southern District of California on behalf of the Federal Trade Commission (FTC) against seven corporate entities and five individuals acting as officers and/or owners of the corporate entities. The complaint alleges that the defendants, who represent a web of interconnected platform providers, lead generators, telemarketers, and debt relief service sellers, provided and implemented technology to initi
Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Axton Betz-Hamilton on Familial Identity Theft originally appeared on NerdWallet.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
On February 14, TransUnion filed its annual 10-K report pursuant to the Securities and Exchange Act. Under the section entitled “Risks Related to Laws, Regulations and Government Oversight,” the company disclosed that it was in “active settlement discussions” with the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) over the alleged Fair Credit Reporting Act compliance lapses related to tenant screening.
Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Auto Loan Hardship Programs: What To Know originally appeared on NerdWallet.
Please join Troutman Pepper Partner Chris Willis for a solo episode as he shares his thoughts about the recent lawsuit between the CFPB and the New York State Office of the Attorney General against a subprime auto finance company. He covers some of the unusual claims made in the case, flaws he sees in the asserted legal theories, and potential implications for the rest of the auto finance industry.
Law360, February 16, 2023 Diana M. Eng and Alina Levi ● On Feb. 14, New York’s highest court, the Court of Appeals, issued a ruling in Bank of America NA v. Kessler, reversing the Appellate Division, Second Department’s 2021 decision. … Continue reading → The post <i>Law360</i>: NY Foreclosure Notice Ruling Is a Win for Lenders appeared first on Consumer Finance Watch.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
In the second segment of our four-part Crypto Year in Review series, Rene McNulty, Carlin McCrory, and Ethan Ostroff discuss the Federal Reserve and its research and experimentation on Central Bank Digital Currencies (CBDCs), examining the steps that the Fed took toward potential CBDC implementation. Our panelists also review recent crypto-related regulatory developments at the FDIC and OCC, discussing what these actions can tell us about regulatory trends and priorities.
If you’re in debt, you may be wondering if it’s better to hire a debt collection agency or lawyer to help you recover the money you owe. Both professionals can help you get your debts paid, but there are some key differences between them that you should consider before making a decision. Here’s a quick overview of debt collectors vs lawyers to help you choose the right person for your situation.
Guide to Large File Sharing and Transfer In today’s digital age, large file sharing and transfer have become an essential part of our lives. Within the Debt Collection industry, it is important to have an efficient file sharing process. From sending high-resolution images and videos to collaborating on large-scale projects, we need a reliable way to share files quickly and securely.
CFOs and CEOs, are you familiar with DSO? If not, you really should be. In today’s business landscape, your cash conversion cycle can make a big difference between the success or failure of your company. While many businesses focus on improving their DPO (supplier side) and DOI (inventory holding) metrics to enhance their cash flow, the real impact can be found by examining your customer base and their payment habits, which is reflected in the DSO metric.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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