American Profit Recovery
JULY 23, 2020
Around this time last year I was in my third month of training. Every day I was thinking, “ What am I doing here? This isn’t the job for me. I don’t think I’ll ever be good at this.” Well, after being here for 15 months, I can look back and say I never thought I would have become good at being a Debt Collector, let alone still be here. I really have to thank the American Profit Recovery team for my growth here.
Nexa Collect
JULY 23, 2020
Businesses that are faced with collecting on delinquent invoices often don’t know where to begin. They tend to react with anger, the assumption being that the customer is intentionally trying to rip off their business. While this may feel warranted, it isn’t an ideal approach. A better assumption to start your collections process with is this: Very few people don’t pay their debts simply because they don’t want to.
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Consumer Finance
JULY 23, 2020
The Consumer Financial Protection Bureau announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.
Debt
JULY 23, 2020
After four days of talk between Senate Republicans and the White House – and little or no agreement – it appears the only thing certain about the next round of stimulus relief if there that will be a second $1,200 stimulus check for American workers and there won’t be a payroll tax cut. Senate Republicans, negotiating with […]. The post Second Round of Stimulus Checks appeared first on Debt.org.
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.
PBWT
JULY 23, 2020
Our February 26 post [1] reported on the first case dealing with the question whether a debtor in a pending Chapter 11 case may redesignate it as a case under Subchapter V, [2] the new subchapter of Chapter 11 adopted by the Small Business Reorganization Act of 2019 (“SBRA”), which became effective on February 19. [3] Our May 15 post [4] reported on three more cases, two of which permitted such an amendment [5] and one that did not. [6] There have been three more decisions permitting
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
On Guard
JULY 23, 2020
If not, why not, you really should. Especially in these ‘new normal’ times where your cash conversion cycle could mean the difference between survive or thrive for your business. Many businesses will look to their DPO (supplier side) and their DOI (inventory holding) metrics to improve their cash position when the more obvious place to look would be within your customer base (DSO) and whether, or not, they are paying their bills on time.
FFGN COLLECT NY
JULY 23, 2020
In order to vacate, set aside, or remove a default judgment in New York, you must make a motion to the court in which the judgment was entered. The motion will contain a specific request for the court to vacate the judgment and return monies taken to satisfy the judgment. There are two ways to file a motion with the Court. Both include notice to the judgment creditor or the entity or person the judgment was assigned to.
Payment Savvy
JULY 23, 2020
So far, 2020 has doled out its fair share of punches. Fortunately, business owners across the country are fighting back and going above and beyond to keep their operations afloat. They have adjusted and adapted to the current environment quicker than many expected. While many employees are still working from home, and many are not willing to travel, networking with prospects and peers face-to-face has become a difficulty.
Fico Collections
JULY 23, 2020
Europe and the USA are the two regions of the world hardest hit by financial crime compliance costs. With the projected total cost of financial crime compliance across the global finance sector estimated to be $180.9 billion, banks need a cost-effective solution to be both vigilant and remain at the forefront in the fight against money laundering and terrorist financing.
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CSA
JULY 23, 2020
The CSA is looking for Coaches, Tutors and Assessors for our apprenticeship training delivery. Based across the UK with fully flexible working patterns, work normally involves national travel, but currently all of our training is being delivered through online workshops. We need experienced and skilled specialists in the fields of: Financial Services Compliance Risk Regulatory and Specialist Collections Counter Fraud Who are qualified and are members of their professional body.
Fico Collections
JULY 23, 2020
Electronic payments have paved the way for new and old authorised push payment (APP) scams to hit the UK market, with a 40% rise in 2019 ; 56% of Europeans surveyed experienced at least one type of fraud/scam in 2018/2019. Fraud scams are a concern for every fraud manager. In my last post, I discussed three best practices for fighting scams. Now let’s look at how analytics can support you in protecting your customers.
Public Citizen
JULY 23, 2020
by Jeff Sovern. I served on a faculty committee this summer that prepared a report with tips for online teaching. The report, which may be useful to law professors, is available here. Here's the abstract: This is a collection of recommendations drawn from a variety of sources, including our colleagues, students, webinars, books, articles, podcasts, and our own experimentation.
Fico Collections
JULY 23, 2020
The explosive supply chain disruption that wreaked havoc in the early weeks of the pandemic has settled down to a gentle roar: companies now are looking at how to turn their short-term coping strategies into long-term, proactive resilience. Many organizations along the supply chain are looking to expand their sourcing options —while doing so can reduce business risk, bringing on new suppliers creates new cyber risk.
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?
CICM
JULY 23, 2020
23 July 2020. I believe that credit professionals have the enviable task of contributing, in a big way, to the future prosperity of the companies they work for. Yes, we will still have all the normal tasks to perform such as getting the cash in etc. etc. But we are also in the Driving Seat when it comes to helping our businesses recover from the weeks of lockdown and little business flow.
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