Enterprise Recovery
MAY 19, 2023
With the "unprecedented" events of the past few years, businesses are looking to become more efficient in all areas of their organizations. An area that is often overlooked due to its manual processes is accounts receivable. Even though payments by check have declined since 2019, thirty percent of B2B clients are still writing checks and sending them in the mail.
Account Recovery
MAY 19, 2023
A District Court judge in Minnesota has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action, ruling that eviction proceedings are subject to the FDCPA and that the “competent attorney” standard does not apply to communications received before the plaintiff retained a lawyer.
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Debt Collection Answers
MAY 19, 2023
When I tell you who is calling you from 855-451-6753, please don’t just click back and be done with it as you have many options. So, who’s calling? It’s Upstart’s servicing department ( source ) as your debt may be behind. If you CANNOT pay, we will discuss what can happen. If you can pay, you make a payment here. Check what may happen with your debt.
Account Recovery
MAY 19, 2023
A District Court judge in Colorado has ruled that an insurance company does not have to cover customers that were found liable for using a faulty debt collection letter, because of a provision in the agreement that excluded coverage in the event that material was published with a “knowledge of falsity.
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.
TCPA
MAY 19, 2023
Florida’s Third District Court of Appeal recently reversed class certification and directed dismissal, holding that the plaintiff had failed to establish any concrete harm from an alleged violation of the TCPA and thereby lacked standing. Pet Supermarket, Inc. v.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Fico Collections
MAY 19, 2023
Home Blog Feed test Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores Pioneer of peer-to-peer lending marketplace in the United States wins FICO ® Decisions Award for Financial Inclusion Fri, 05/12/2023 - 03:41 Saxon Shirley by Nikhil Behl Chief Marketing Officer expand_less Back to top Fri, 05/19/2023 - 12:00 Prosper's New Card a Hit with FICO's Credit Knowhow Prosper , the first peer-to-peer lending marketplace in the United States, has used FICO® Scores for its new Prosper® C
Account Recovery
MAY 19, 2023
COLLECTOR SUED FOR NOT INCLUDING SOL DISCLOSURE IN TEXTS One of the challenges when it comes to communicating with consumers via text messages about unpaid debts are the character limits. In the course of our normal day, we use slang, emojis, and text-ese (think u instead of you) to communicate efficiently and effectively.
Collection Industry News
MAY 19, 2023
Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9% from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday. That debt load has spiked by $2.9 trillion since the end of 2019.
Account Recovery
MAY 19, 2023
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?
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.
NACM
MAY 19, 2023
Lien rights grant legal authority for contractors, subcontractors and suppliers to file a mechanic's lien against the owner's property or, in the case of a government project, the right to make a bond claim. It is also a security to force payment. But statutory changes like with Texas' recent property code make it harder to protect those lien right.
NACM
MAY 19, 2023
? Supplier vetting falls under the ever-expanding list of credit department responsibilities. Credit professionals can use their risk management skills on the other side of business to protect their company from faulty suppliers.⭐ On today's episode of the Extra Credit #podcast, hear from Kevin Chandler; Shaun Papperman, CCE, CICP, CCRA; and.
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