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Debt collections may not be the most enjoyable part of back office operations, but it's absolutely necessary. Unfortunately, some of your business clients will miss a payment or more due to various reasons. If you've signed an agreement and fulfilled your part, they still owe you. What happens when business debt goes to collections?
A District Court judge in Pennsylvania has dismissed a plaintiff’s Fair Debt Collection Practices Act suit on his own, without even needing a motion from the defendant, ruling the plaintiff’s attempt to sue the defendant after it obtained a default judgment is “not plausible.” A copy of the ruling in the case of Grooms v.
Payment automation solutions have transformed the way businesses handle their accounts payable departments. With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. In this article, we will look at the benefits and features of automated payment systems, how they work, and how to choose the right one for your business.
The Consumer Financial Protection Bureau has fired its opening salvo in defense of its funding structure, arguing in its brief to the Supreme Court that the ruling from the Court of Appeals for the Fifth Circuit was “flawed” and “has no support in text, history, or precedent” and should be overturned.
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.
It’s always an honour to be recognised for hard work and dedication, and that’s why we are thrilled to share the news that our British Credit Awards event has made the shortlist for two prestigious awards! Our industry flagship event has been nominated for The Best Celebration Event of the Year at The 2023 Memcom Excellence Awards and Best Development of an Existing Award at The 2023 Awards Awards.
Financial issues are the most common factor negatively impacting the mental health of consumers in the United States, with more than half of respondents to a nationwide survey indicating that money is having a negative impact on their mental health, up from 42% last year.
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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.
Financial issues are the most common factor negatively impacting the mental health of consumers in the United States, with more than half of respondents to a nationwide survey indicating that money is having a negative impact on their mental health, up from 42% last year.
? On today's episode of the Extra Credit podcast. hear from Penny Jeter, CBF; Darrell Horton; and JoAnn Malz as they discuss the importance of clean data in the credit industry.
SUIT ACCUSES COLLECTOR OF TRYING TO RECOVER SETTLED DEBT The Fair Debt Collection Practices Act is a strict liability statute, which can sometimes put collectors into legal hot water when they attempt to collect on a debt they think is valid, but it’s actually not.
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
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