Tue.Jul 07, 2020

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Working From Home Means Automating Accounts Receivable

Enterprise Recovery

While many businesses are trying to return to a new normal after the impacts of the COVID-19 pandemic, some have opted to move to remote work for the rest of 2020. For paper-based A/R departments, this move has been especially challenging. Sending invoices and receiving checks are necessary components to maintaining working capital and cash flow but what happens when the employees responsible are no longer in the office?

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New Report: Consumer Debt in the Age of COVID-19

True Accord

Today, TrueAccord released Consumer Debt in the Age of COVID-19 , a report exploring how debt repayment and other consumer behaviors have changed throughout the coronavirus crisis. Based on aggregated, anonymized data from 12 million U.S. consumers, the report highlights that consumers cho?se to pay off debt when provided with an infusion of cash, even during a time of unprecedented economic uncertainty.

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Tom Yodzis Joins Brown & Joseph

Brown and Joseph

ITASCA, IL – Brown & Joseph, an international commercial collection agency for Insurance Premium Recovery announces that Tom Yodzis, formerly with CNA Insurance and Zurich… The post Tom Yodzis Joins Brown & Joseph appeared first on Brown & Joseph, LLC.

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Bringing a Residential Foreclosure Action? You Need a Verified Complaint

Jimerson Firm

In 2010, the Florida Supreme Court amended Florida Rule of Civil Procedure 1.110(b) to include a verification provision in foreclosure complaints. Subsequently and in an effort to expediate the residential foreclosure process in Florida, the Legislature enacted Section 702.015, Florida Statutes , which sets forth additional pleading requirements for foreclosure complaints.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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How to Make 2020 the Year You Become Financially Secure

Credit Corp

Let’s think back to the end of 2019. With a new year approaching, people throughout the world were making resolutions, hoping to set out on paths that would lead them to greater things. Some wanted to get fitter or win their dream jobs—but one of the most common goals every year is to become financially secure. The average person spends so much time worrying about money (often for good reason) that it’s one of the most practical objectives they can pursue.

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Leverage Technology to Grow Your Accounts Receivable Business

PDC Flow

It’s hard to imagine adding more unknown factors to the uncertain future of running a business this year. Thinking about your company’s growth at this time may even be scary. The fact is, though, you should embrace this time of disruption to prepare your business for an even stronger future. The easiest starting point is to leverage technology to optimize daily office operations. .

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How To Remove Bonneville Collections From Your Credit Report

Better Credit Blog

Is Bonneville Collections bringing you down? If the name above has popped up on your credit report recently, it’s probably because of a bill that slipped through the cracks. The agency could also be contacting you by mistake, which can be exceptionally frustrating as debt collection agencies are notorious for their repeated phone calls. Whatever the case, having a collections account on your credit report can result in incessant phone calls, letters, and a lower credit score.

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Acknowledging a Debt in Writing Can Extend Time to File a New York Debt Collection Case

FFGN COLLECT NY

Having your non-paying client acknowledge their debt in writing can extend your time to file a New York debt collection case. If the writing signed by your client contains the necessary elements, it may extend the time for you to file past the allowable statute of limitations. New York CPLR Section 201 details the length of time to file actions within New York.

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How To Remove Direct Recovery Services From Your Credit Report

Better Credit Blog

Dealing with a debt collection agency usually isn’t a pleasant experience. But if you’re being bombarded with calls or sent letters from Direct Recovery Services, it’s important to respond to their inquiries. When you owe a debt to a collections agency, it can hurt your credit score for years. Whether you forgot to pay a bill a few years ago or you think the agency is contacting you by mistake, there are a few strategies you should use to get DRS off your credit report for good.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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Tips for landlords to protect their properties

Micro Bilt

One way to protect yourself and your property is to know your tenants. This means conducting a thorough background check as part of the rental application.

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Using Forbearance Agreements to Protect Commercial Real Estate Lender Interests During COVID-19

Fraser

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. Every real estate loan payment missed by a borrower puts lenders in a more precarious financial position.

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In light of the Supreme Court decision, CFPB ratifies earlier agency actions

Public Citizen

As established by the Dodd-Frank Act in 2020, the Consumer Financial Protection Bureau was headed by a director who could the President could remove only for cause (inefficiency, neglect of duty, or malfeasance in office). The CFPB’s first director was appointed on January 4, 2012. On June 29, 2020, the Supreme Court held in Seila Law LLC v. CFPB that the Act’s removal provision violates the separation of powers but that it is severable from the rest of the statute.

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NCLC statement on CFPB's new rule rescinding payday loan protections

Public Citizen

The Consumer Financial Protection Bureau today announced a final rule rescinding payday loans protections that had been issued in October 2017. Among the provisions rescinded are those limiting unaffordable loans that trap families in cycles of debt. The CFPB also announced that it will implement the provisions of the payday loan rule that prevent lenders, including those offering high-cost longer term loans, from hitting people with repeated bounced payment fees.

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ERM Program Fundamentals for Success in the Banking Industry

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?