Thu.Feb 20, 2025

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Why your business should think about retaining customers when hiring a collection agency

American Profit Recovery

A business like yours likely has one goal when hiring a collection agency: to collect money from customers who pay late or have not paid at all. You may also want to work with a collection agency because you do not have the internal resources or the time to chase past-due invoices, and it is time-consuming. But another goal your business should remember is how a collection agency can help you retain your customers.

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Getting to Know Angie Erwin of Finvi

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

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The Future of Debt Collection: Trends Shaping the Industry

Optio Solutions

The debt collection industry is evolving rapidly, driven by advancements in technology, changing consumer expectations, and an increasing need for efficient recovery solutions. With the U.S. debt collection market generating approximately $12.5 billion in revenue in 2023, the industry is expected to continue growing over the next decade. Heres a closer look at the key… The post The Future of Debt Collection: Trends Shaping the Industry first appeared on Optio.

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N.Y. AG Releases Guide to Help Protect Consumers’ Assets

Account Recovery

Maybe it’s a coincidence or maybe it’s a sign of the expected ramp-up in enforcement and attention that state attorneys general are going to be paying to the financial services industry broadly, including companies in credit and collections, but the Attorney General of New York has issued a guide aimed at protecting residents of The Empire State from “predatory” debt collectors.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Is It Worth It To Domesticate a Judgment In New York?

FFGN COLLECT NY

Looking to domesticate a judgment in New York and wondering if its worth the expense? Consider the following: Except for judgments obtained for medical services, New York is extremely liberal when it comes to judgment enforcement. The New York Civil Rules of Civil Procedure allow collection attorneys to execute judgments right away. Most judgment enforcement is done by the collection attorney without leave of court, which leads to quick action.

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Will Adding an Authorized User Hurt My Credit?

Credit Corp

Does being an authorized user affect your credit? Well, under the right circumstances, becoming an authorized user can help you build your credit. Before you agree to be an authorized user or add an authorized user to your account, its important to understand the potential risks and benefits. This article provides more information about how adding an authorized user works and how it could impact your credit.

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Realities of Short-Term Disability Overpayment Recovery

Brown and Joseph

Short-term disability (STD) overpayment recovery has become a significant concern with the Social Security Administration (SSA) facing challenges in preventing overpayment and recovering overpayments. A… The post Realities of Short-Term Disability Overpayment Recovery appeared first on Brown & Joseph, LLC.

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How to Negotiate Debt Settlement

Credit Corp

Have you ever felt in over your head with debt? According to a 2024 study, the average level of personal debt, not including mortgages, is over $22,000. Maybe youve been hit with unexpected medical bills or accrued credit card debt over time. If youre struggling to keep up with your monthly payments, you might be considering debt settlement. Negotiating a debt settlement is a strategy where you work with your creditors to pay less than the amount you actually owe.

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Daily Digest – February 20. Getting to Know Angie Erwin of Finvi; Judge Denies MJOP in FDCPA Case Over Interest Accrual

Account Recovery

Getting to Know Angie Erwin of Finvi Judge Denies MJOP in FDCPA Case Over Interest Accrual CFPB Update: A Range of Legal and Political Challenges N.Y. AG Releases Guide to Help Protect Consumers Assets WORTH NOTING: The odds of an asteroid hitting the Earth in 2032 keep increasing. Should we be worried? … Can’t wait for Round Two tonight … How Chipotle plans to use AI to help it hire 20,000 workers … Why wearing reflective clothing may not be as helpful at keeping you saf

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Americans with Disability Act (ADA) Compliance: Practical Employer Guidance

Jimerson Firm

The Americans with Disabilities Act (ADA) outlines clear expectations for employers to accommodate individuals with disabilities and avoid discrimination. Understanding and adhering to these requirements is essential for employers to maintain compliance and minimize risk. This blog post explores the general contours of the ADA to provide employers with guidance on how to comply with its provisions.

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CFPB Update: A Range of Legal and Political Challenges

Account Recovery

If it feels like the amount of news related to the future of the Consumer Financial Protection Bureau is like trying to drink from a firehose, you’re not wrong. Between the legal battles, the rhetoric and saber rattling from both sides of the aisle, and the daily developments, there is a lot to process. Here is a summary of what’s happened in the past couple of days.