Account Recovery
AUGUST 2, 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.
UK debt collections
AUGUST 2, 2023
Number of Businesses closing is on the rise The number of businesses closing saw a further increase in the second quarter of 2023 (Q2). The rate of business insolvencies is now at its highest rate since 2009 according to latest statistics. These new figures are “highly concerning” says John Cullen, business recovery partner at Menzies LLP. Released by the UK government on July 28, insolvency statistics showed there were 6,342 recorded company insolvencies in Q2.
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Account Recovery
AUGUST 2, 2023
A District Court judge in Texas has partially granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act and Fair Credit Reporting Act, especially on a claim that would have awarded the plaintiffs punitive damages, in a case involving the legal validity of a debt.
PDC Flow
AUGUST 2, 2023
In the vast ocean of business, being cash flow positive is your ultimate compass. Having cash to spend gives you more options–to expand and grow, to invest back into the organization or to share with stakeholders. Cash flow statements, profit and loss statements and other financial management reports steer these financial decisions your company makes.
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
AUGUST 2, 2023
The Court of Appeals for the Tenth Circuit has affirmed a summary judgment ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it was not licensed as a collection agency when it filed a lawsuit to collect on an unpaid debt.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
AUGUST 2, 2023
A federal judge in Texas has issued an injunction prohibiting the Consumer Financial Protection Bureau from enforcing a rule designed to combat gender and racial discrimination in small business lending. The injunction was made pending a Supreme Court review of the constitutionality of the CFPB’s funding structure.
Prosperity Now
AUGUST 2, 2023
Earlier this year, the Federal Housing Finance Agency (FHFA) released a proposed rule on Fair Lending, Fair Housing and Equitable Housing Finance Plans. This rule would largely codify existing oversight practices and will help ensure regulated agencies like Fannie Mae, Freddie Mac and the Federal Home Loan Banks are dutifully serving low-income communities of color.
Account Recovery
AUGUST 2, 2023
Judge Partially Grants MSJ For Defendant in FCRA, FDCPA Case Over Validity of Debt Appeals Court Upholds Summary Judgment for Defendant in FDCPA Case Over Alleged Unlicensed Collection Activity ARM Industry M&A Report Judge Temporarily Blocks Enactment of CFPB Small Lending Rule 29 Companies Seeking Collection Talent WORTH NOTHING: The Mega Millions jackpot just keeps […]
Troutman Sanders
AUGUST 2, 2023
On July 31, the Board of Governors of the Federal Reserve System (Federal Reserve) issued its July Senior Loan Officer Opinion Survey on Bank Lending Practices , which addressed changes in the standards and terms on, and demand for, bank loans to businesses and households in the second quarter of 2023. Banks reported that lending standards are currently on the tighter end of the range for all loan categories.
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Collection Industry News
AUGUST 2, 2023
US mortgage rates rose for the third week in a row but stayed just under the 7% threshold. The 30-year fixed-rate mortgage averaged 6.96% in the week ending August 10, up from 6.90% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.22%. Elevated mortgage rates in the wake of the Federal Reserve’s historic rate-hiking campaign have taken home affordability to its lowest level in several decades.
Price Meese
AUGUST 2, 2023
By Edward W. Purcell | On July 14, 2023, the U.S. Court of Appeals for the Third Circuit issued a precedential decision that expands the scope of the type of “need” a carrier can use to challenge a land use denial under the Federal Telecommunications Act (TCA). In Cellco Partnership v. White Deer Township Zoning Hearing Board, Docket No. 22-2392 (3d Cir. 2023), the court affirmatively adopted the Federal Communications Commission’s (FCC) “material inhibit” standard for violations of the TCA and
Credit Corp
AUGUST 2, 2023
If you’ve ever had to repair your credit, you know how much of a struggle removing inaccuracies from your reports can be. The bad news is that in many cases, after removing negative accounts from your credit history you may only see a slight increase or maybe even no change at all to your credit score. Why? Because you need a healthy credit profile to have a healthy credit score.
NACM
AUGUST 2, 2023
As many of you have seen throughout our Member Spotlight blog series, earning a designation through NACM's Professional Certification Program can advance your career in credit in various ways. Not only does it increase your knowledge and establish credibility, but it increases your confidence as a credit leader. For Suzanne Jorissen, CBA, CCRA, are.
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?
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