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Is your business struggling with unpaid invoices or clients not paying on time? Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business. Learn how to effectively prepare your business for working with a debt collection agency to recover outstanding payments.
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
General Counsel of the CFPB Seth Frotman provided a statement regarding the National Consumer Law Center / National Association of Consumer Advocates Spring training.
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A prepaid debit card isn’t connected to your bank account. Instead, you buy the card from an authorized retailer, activate it, and then load money onto it. Cash is king, but not everyone wants to carry a wallet full of cash wherever they go. You could always use a debit card or a credit card, but what if you don’t want to share your personal information with another financial institution?
A District Court judge in Illinois has denied competing motions for sanctions against the attorneys representing the plaintiff and the defendant in a Fair Debt Collection Practices Act case after the plaintiff’s attorney purportedly continued to prosecute the case after it became clear the plaintiff lacked standing and because the defendant’s sanctions motion was meritless.
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A District Court judge in Illinois has denied competing motions for sanctions against the attorneys representing the plaintiff and the defendant in a Fair Debt Collection Practices Act case after the plaintiff’s attorney purportedly continued to prosecute the case after it became clear the plaintiff lacked standing and because the defendant’s sanctions motion was meritless.
Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. Because Chapter 7 involves a Chapter 7 Trustee selling off certain non-exempt assets, many who consider this bankruptcy method worry about what assets and possessions they can retain.
VIrginia Gov. Glenn Youngkin has offered recommendations to amend a bill that would reduce the statute of limitations on medical debt to three years while also expanding the definition of medical debt and the types of facilities that are subject to the law. ACA International first reported the news of the governor’s actions. Gov.
On July 17, 2023, Rohit Chopra, Director of the United States Consumer Financial Protection Bureau, and Didier Reynders, Commissioner for Justice and Consumer Protection of the European Commission, announced the start of an informal dialogue between the European Commission and the CFPB on a range of critical consumer financial protection issues.
You may have heard you could lose some assets if you file for bankruptcy. One you might not want to lose is your car. You probably rely on your vehicle for many things - for work, to drop your kids at school, do the shopping or ferry your elderly mother about. So what is the truth? Will a personal bankruptcy cost you your car? It probably won’t Bankruptcy courts and lawmakers realize how essential cars are to many people.
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WASHINGTON, May 16 (Reuters) – U.S. single-family homebuilding and permits fell in April amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale. Single-family housing starts, which account for the bulk of homebuilding, slipped 0.4% to a seasonally adjusted annual rate of 1.031 million units last month, the Commerce Department’s Census Bureau said on Thursday.
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A second group of Republican state Attorneys General yesterday announced they had filed a lawsuit against President Biden and the federal government seeking to block the enactment of its income-driven repayment program called Saving on a Valuable Education (SAVE).
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