Fri.Sep 15, 2023

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Invoice to Payment: How to Streamline Accounts Receivable Workflows

Enterprise Recovery

Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted? Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting. Let's start with some best practices for improving your A/R - from invoicing to payment. How to streamline your accounts receivable workflow.

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N.Y. Stiffens Penalties for Calls Made to People on DNC Registry

Account Recovery

New York Gov. Kathy Hochul yesterday signed a bill into law that will stiffen the penalty for companies that call individuals whose names appear on the national Do Not Call registry. A copy of the legislation — A4456/S4617 — can be accessed by clicking here.

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Emergency Fund: How Much Does Your Small Business Need to Survive the Threat of Outstanding Collections?

Direct Recovery

An emergency fund is typically defined as a cash reserve set aside for unforeseen expenses or financial emergencies, and having one in place can help even the most substantial companies survive the tough times that inevitably come for all of us. Emergency funds are especially important for small businesses that operate with the additional risk of outstanding collections, which can throw a wrench into expected cash flow at any moment.

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Daily Digest – September 15. Collector Facing Class Action Over Itemization Date; Judge Remands Hunstein Copycat Back to State Court

Account Recovery

Collector Facing Class Action Over Itemization Date Judge Remands Hunstein Copycat Back to State Court CFPB Report Spotlights Debt Issues at Colleges, Universities N.Y.

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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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Understanding the Chapter 7 bankruptcy means test in Tennessee

Roths Child Law

The bankruptcy means test is a crucial component of the bankruptcy process introduced as part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). It is designed to prevent higher-income individuals from filing for Chapter 7 bankruptcy. Understanding how the Chapter 7 means test works is essential if you are considering bankruptcy to get out of a financially difficult situation.

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The importance of Debt Collections and Debt Collectors

CICM

In this blog, we will look at what Debt Collections is and why it is so important. What is Debt? Debt is money owed to another. This debt could be unpaid bills or invoices for goods and services, repayment of a financial service or money loan, or overdue sums for a range of obligations such as fines, taxes and rent. Many businesses strive to make transactions straightforward for their clients and customers, with automation and advanced notice of payments.

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Judge Remands Hunstein Copycat Back to State Court

Account Recovery

A District Court judge in New York has not been convinced by a defendant that a Fair Debt Collection Practices Act case filed against it should remain in federal court and has remanded the case back to state court where it was originally filed, disagreeing with the defendant’s argument that the final ruling in Hunstein […]

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CFPB Continues to Focus on Tuition Payment Plans Offered by Colleges and Universities in Latest Report

Troutman Sanders

On September 14, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report on Tuition Payment Plans in Higher Education. Ninety-eight percent of colleges now allow students to pay for their education in installments using tuition payment plans. Tuition payment plans have a wide range of structures and may be managed by the schools or administered by third-party payment processors.

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CFPB Report Spotlights Debt Issues at Colleges, Universities

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a warning about tuition payment plans that may be taking advantage of consumers while also noting that withholding transcripts from students as a debt collection tool is a potentially illegal practice. A copy of the report can be accessed by clicking here.

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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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Noah Fiedler, Stephen Sather, & Alyssa Johnson Selected in 2024 Edition of The Best Lawyers in America

BN Lawyers

Barron & Newburger, P.C. is pleased to announce Noah Fiedler and Stephen Sather lawyers have been selected by their peers for inclusion in the 2024 edition of The Best Lawyers in America. Noah Fiedler was recognized for Ethics and Professional Responsibility Law by Best Lawyers®. Stephen Sather was recognized for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation – Bankruptcy by Best Lawyers®.

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Should Credit and Collections Be One?

NACM

?️ On today's episode of Extra Credit: A recent eNews poll revealed that 34% of departments separate credit and collection functions. Regardless of the chosen strategy, open communication and well-defined procedures are essential to ensure the success of either approach.

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Noah Fielder, Stephen Sather, & Alyssa Johnson Selected in 2024 Edition of The Best Lawyers in America

BN Lawyers

Barron & Newburger, P.C. is pleased to announce Noah Fiedler and Stephen Sather lawyers have been selected by their peers for inclusion in the 2024 edition of The Best Lawyers in America. Noah Fiedler was recognized for Ethics and Professional Responsibility Law by Best Lawyers®. Stephen Sather was recognized for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation – Bankruptcy by Best Lawyers®.

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Steven Sather Serves as Guest Author for Rochelle’s Daily Wire

BN Lawyers

Steven Sather was a Guest Author for Rochelle’s Daily Wire. The full article can be found here: [link] The post Steven Sather Serves as Guest Author for Rochelle’s Daily Wire appeared first on Barron & Newburger, P.C.

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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?

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in June 2023, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Oversharing One Big Risk of Withdrawal – June 2023 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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