UK debt collections

MAY 19, 2022

Nearly a quarter (24%) of small businesses and medium sized enterprises (SMEs) have seen a rise in the number of late payments. The late payment problem has increased since the cost of living has gone up claims new research. The survey, by Barclays Bank , indicates that rising prices have begun to impact Small Business late payments between businesses. 19% of SMEs said that they are finding it more difficult to pay suppliers because of the cost of living crisis.

Collection Agencies 96

Collection Agencies Collections Agency Banks Collections 96

American Profit Recovery

MAY 31, 2022

Choosing a third-party collection agency Is a big step for some businesses. The business needs the cash flow, and is frustrated customers are paying late or in some cases not paying at all, but need a solution. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections.

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Collection Agencies Collections Agency Collections Debt collector 213

Account Recovery

MAY 26, 2022

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Kyle Nelson of I

Accounts Receivables Management 246

Accounts Receivables Management 246

Enterprise Recovery

MAY 6, 2022

When hiring a qualified accounts receivable specialist, it's important that they have the right skill sets. They're going to be speaking with your customers directly about one of the most uncomfortable topics - money. They need confidence, persistence and enthusiasm, and also they need the proper training. We took a look at A/R job descriptions for a better idea of what's required.

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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.

Consumer Finance

MAY 2, 2022

Numerous student loan borrowers recently submitted complaints to the Consumer Financial Protection Bureau (CFPB) about companies that promised them student loan forgiveness or loan forbearance in exchange for fees amounting to hundreds or thousands of dollars. Borrowers believed they were talking to their servicer or a company authorized by the Department of Education because they often knew private information such as the borrower’s loan balance or recent consolidation activity.

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Student loans Student Loans Loans Education 145

UK debt collections

MAY 16, 2022

Business CCJs in Scotland saw a fifty two per cent (52%) increase in decrees and judgments against them in the first quarter of 2022. This huge rise is in comparison with the same period last year, 2021. The total value of these judgments also rose by a massive 269%. The total value of judgment debt went from just under £2.1m to more than £8m. Registry Trust , the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has released its la

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Judgment 110

American Profit Recovery

MAY 16, 2022

By Georgia: As a debt collector, I look forward to coming to work every day. Yes, you read that correctly. Admittedly, before working here, I would never have thought I’d think that. American Profit Recovery has opened my eyes to what it truly means to be a debt collector, as well as what an important job it is. This career is not only about helping consumers but also helping to change people’s perceptions of the debt collection industry.

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Debt collector Creditors Collections 227

Account Recovery

MAY 31, 2022

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Enterprise Recovery

MAY 27, 2022

When tragedy happens in America, regular life grinds to a halt. For business marketers and executives, their daily tasks come with heavy consequences. Both internal employees and the public often jump to conclusions based on your business' reaction or lack of reaction. With the recent gun violence in recent weeks, many organizations are left wondering what to say or do.

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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.

Collections

Consumer Finance

MAY 4, 2022

The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts.

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Garnishment Banks 145

Nerd Wallet

MAY 18, 2022

Given high gas prices, it might make sense that your next vacation involves an electric vehicle rather than one that’s gas-powered. Whether you’re renting an electric car for the first time or road-tripping in one that you own, when you travel you’re likely going to want to charge it at the same location you’re staying. Sally French writes for NerdWallet.

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PBWT

MAY 22, 2022

In the world of cryptocurrency, exchange platforms act as intermediaries allowing investors to buy and sell assets while making money through commissions and transaction fees. Any assets purchased may be held in either non-custodial or custodial wallets. If a customer chooses a custodial wallet, the platform holds and manages the assets through a private key, which is a string of characters that serves as a password.

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Bankruptcy Debtor Creditors Unsecured Creditor 109

American Profit Recovery

MAY 1, 2022

The size of your business does not matter when it comes to accounts receivables. If you are running any type of business, accounts receivable management is part of managing a business that has positive cash flow. Paying attention to AR management is a critical component of keeping any business alive. Because we are part of the process of managing accounts receivables for large businesses as well as small organizations, our experts have a pulse on what you need to know to ensure that internally y

Accounts Receivables Management 213

Accounts Receivables Management Collection Agencies Collections Agency Collections 213

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

Collections

Account Recovery

MAY 25, 2022

APPEALS COURT OVERTURNS RULING OVER ‘THIS IS AN ATTEMPT TO COLLECT’ DISCLOSURE IN STATEMENT This is one of those cases where I am going to remind everyone that I am not a lawyer and I could be completely off-base, but as I read this ruling, I thought it offered an interesting lesson that putting the … The post Daily Digest – May 25.

Lawyers 246

Lawyers Collections 246

Enterprise Recovery

MAY 20, 2022

Businesses often tout that they are "customer-focused" but in fact, they may only be focusing on what they assume the customer wants. Unless they're really taking the pulse of those they serve, through surveys and communication, the business may be more internally focused than keeping clients happy. Can business leaders help change the focus? Does business leadership influence client satisfaction?

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Consumer Finance

MAY 15, 2022

Today, the Consumer Financial Protection Bureau (CFPB) published a report examining mortgage servicers’ responses to the COVID-19 pandemic. The data, collected across 16 large servicers from May through December 2021, reveal homeowners continue to face significant risks and challenges connected to working with their mortgage servicers.

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Collections 139

Nerd Wallet

MAY 19, 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some.

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Education 111

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Public Citizen

MAY 13, 2022

by Paul Alan Levy. The effort by the Watch Tower Bible and Tract Society (a/k/a Jehovah’s Witnesses) to identify a dissident member, "Kevin McFree ," through a spurious claim of copyright infringement has ended with a whimper rather than a bang as Watch Tower agreed to dismiss its copyright lawsuit with prejudice to avoid a possible claim for attorney fees.

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Prosperity Now

MAY 17, 2022

Oweesta Corporation, the longest standing Native Community Development Financial Institution (CDFI) intermediary, is an organization committed to building economic independence

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Financial Institution 98

Account Recovery

MAY 31, 2022

FLORIDA SUPREME COURT RULES INJURED WORKER CAN SUE UNDER STATE COLLECTION LAW The Florida Supreme Court has affirmed a lower court’s ruling holding that an individual subjected to debt collection activities for an injury covered by workers’ compensation can sue under the Florida Consumer Collection Practices Act instead of the state’s Department of Financial Services … The post Daily Digest – May 31.

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Collections Financial services Consumer Collections 246

Enterprise Recovery

MAY 13, 2022

Commercial credit analysis evaluates corporations to determine if they can pay their financial obligations. Although this is pre-engagement and on the front end of the A/R and collection process, it’s still an important part of any B2B accounting process. To help reduce delinquencies and bad debt write-offs, businesses should put focus on the front-end credit analysis process prior to contracting with a new client.

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Collections 194

Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.

Consumer Finance

MAY 22, 2022

The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. The judgment would order all participants in the scheme, based in upstate New York, to exit the debt collection market after their history of deception and harassment.

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Collections Judgment Collection Companies 127

Nerd Wallet

MAY 19, 2022

Consumers face rising prices almost everywhere they turn, including on basics like gas and food. At the same time, rising interest rates can translate into higher credit card payments for people carrying debt month to month. That double whammy of higher costs for both everyday spending and debt translates into greater financial strain on people’s. Kimberly Palmer writes for NerdWallet.

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Troutman Sanders

MAY 20, 2022

On May 19, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an interpretive rule , describing states’ authorities to pursue companies and individuals that allegedly violate any of the federal consumer financial laws enforced by the CFPB. CFPB Director Rohit Chopra described this action as “promoting state enforcement, not suffocating it.

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Collections Law

MAY 11, 2022

When someone owes you money, the law provides several ways for you to collect on the debt. A court may issue you a writ of execution to allow you to collect certain property from your debtor in order to satisfy the debt. At Law Offices of Alan M. Cohen LLC, our experienced commercial collection attorneys have helped many clients execute writs over the years in order to collect on a debt.

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Debtor Commercial Collection Collections Trade 98

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. With 495.1 million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.

Banks