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The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods. The statement issued a couple of days ago is asking for suggestions and advice on improving its current methods of tax debt collection from Businesses in the UK. The statement makes it clear that they are prioritising strategies on engaging with businesses that consistently pay their taxes as late as possible.
Running a business is no mean feat. You’ve got to be across each department, process, and strategy. Even with the right staff in place, a great product or service on offer, and a great outlook for the future, you can still run into hurdles along the way. One of the most frustrating hurdles you’ll come. Read more » The post Is Your Debt Actually Able to be Recovered?
When a football player is traded from one team to another or released, one of the first things that the team asks for is the copy of the player’s playbook, which details all of the plays that the team uses during the course of a game. The playbook is a roadmap that, if an opponent … The post CFPB Releases Draft of Strategic Plan appeared first on AccountsRecovery.net.
We’ve always been big advocates when it comes to educating consumers on their rights when it comes to debt collections as well as how to effectively work with a collector to take care of financial obligations. Our professional debt collectors maintain honest and open communications when they’re doing their job and they provide the resources available to make sound decisions.
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.
As more people quit their jobs for better benefits and work-life balance, 32% of Americans have turned to entrepreneurship. Many entrepreneurs started their businesses alongside their full-time jobs, consulting or providing services to friends or businesses in their professional network. If you're looking to take the leap in the next year, allow us to offer some valuable advice and lessons learned.
Banks continue to rely heavily on overdraft and non-sufficient fee (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB).
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Banks continue to rely heavily on overdraft and non-sufficient fee (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB).
Given all the blood, sweat, and tears that went into bringing Regulation F into this world, I would have expected the Consumer Financial Protection Bureau to do something to commemorate the enactment of the debt collection rule yesterday, but it instead chose a more understated approach, opting to take the opportunity to educate consumers about … The post CFPB Publishes Guide to Help Consumers Understand Reg F appeared first on AccountsRecovery.net.
Many small businesses took a beating during COVID-19. At the far end of the spectrum, numerous small retail shops and restaurants closed for good and those that did survive through the pandemic suffered tremendous losses that they now need to work day and night to make up for. And now with immense challenges in the supply chain which currently have no end in sight, small businesses are struggling once again in how they meet the demands of consumers.
If you thought navigating the thousands of available cryptocurrencies was confusing, prepare to have your mind blown by NFTs. These one-of-a-kind digital assets number in the millions, offering their buyers ownership of digital content such as images, videos and music. NFTs — short for nonfungible tokens — have in some cases fetched staggering sums.
As the world adjusts to a new normal after the coronavirus pandemic, the economy has begun to make its own adjustments, as well. The pandemic made the transportation of goods more difficult and the cost of labor higher than it has been in years. Few workers have been available to gather and ship materials, causing the goods to become more challenging to obtain.
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.
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 Matthew Berumen
When construction contractors in Florida are hired by a tenant to work on leased property, those contractors must understand their construction lien rights. In certain circumstances, those construction lien rights may not be as robust as the contractor thinks. This blog will provide an overview of a contractor’s lien rights when the contractor is not in privity with the owner, as well as the impact of James B.
If you want to build momentum for your New Year’s money resolutions, set some financial improvements into motion before the end of the year. Here are six easy-to-implement steps to help boost your net worth going into the new year. 1. Mind your health insurance deductibles End-of-the-year financial planning strategies aren’t always this well-timed: “My son’s.
How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe. Changing customer behavior due to the deterioration of their financial circumstances have led to an uptick in debt and collections activities as well. To navigate through uncertainty, creditors need to adapt their strategy quickly.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
A defendant has lost its attempt to keep a Fair Debt Collection Practices Act class action in federal court, with a District Court judge in Wisconsin ruling that even though the plaintiff sought the help of an attorney and that interest continued to accrue on the underlying debt, she did not suffer a concrete injury … The post Judge Remands FDCPA Class Action Back to State Court appeared first on AccountsRecovery.net.
A person is required to obtain a license to legally work as a contractor in Florida. Chapter 489 of the Florida Statutes and the Construction Industry Licensing Board sets forth the requirements for a person to obtain a contractor’s license in Florida, including the necessary application, education, experience, age, financial security, insurance, fees, and examination requirements.
December mortgage rates forecast I expect mortgage rates to rise modestly in December, especially toward the end of the month. As we approach the end of 2021, bond traders will cash out so they can take a few days off without worrying about having to react to abrupt price changes. When the traders sell their. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.
How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe. Changing customer behavior due to the deterioration of their financial circumstances have led to an uptick in debt and collections activities as well. To navigate through uncertainty, creditors need to adapt their strategy quickly.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
JUDGE GRANTS MTD IN FDCPA CASE OVER USE OF WORD ‘SUMMONS‘ A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act when one of its representatives used the word “summons” during a conversation with the plaintiff, who had been sued … The post Daily Digest – November 29.
On November 5, 2021, the Occupational Safety and Health Administration (“OSHA”) published 29 C.F.R. 1910 , commonly referred to as the “vaccine mandate” and referred to by OSHA as the “ETS on Vaccination and Testing,” which requires private employers with over 100 employees to either mandate employees get vaccinated or undergo periodic testing for COVID-19 (“Mandate”).
Wouldn’t it be convenient to wrap up the year with straightforward shopping advice? Alas, the retail landscape is still chaotic. So it’s hard to tell which products (if any) will be listed at an affordable price point this month. If you’re looking for the short answer as to what’s worth your dough, consider opting for. Laura McMullen writes for NerdWallet.
Data Quality: What it is and how technology can improve it. Data is a burning topic in the business world these days and one of the most valuable assets a financial organisation has access to. However, to be useful, data need to be of high quality, otherwise it can have a severe impact on the decision-making process, and ultimately, on revenues. Poor data quality has a significant cost of $12.9 million on average per year according to Gartner.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Nearly 3 million additional people added their phone numbers to the national Do Not Call registry during the 2021 fiscal year, which ended September 30, according to data released by the Federal Trade Commission just before Thanksgiving last week, bringing the total number of actively registered numbers on the list to more than 244 million. … The post 3M New Names on DNC List; 1M More Robocall Complaints: FTC appeared first on AccountsRecovery.net.
Regulation F is now a reality. Collectors across the country have prepared as best they can and are now beginning to implement new compliance policies and procedures. But what about creditors? All creditor clients that use a third party agency should know about Regulation F. Are you (and more importantly, are your clients) ready for data maintenance and handoff procedures that will require a high level of trust and communication?
As a small-business owner, building trust with customers and vendors is essential. One way to build that trust is by offering a certificate of liability insurance, which shows you have the necessary coverage to protect your business and the people it serves. What is a certificate of liability insurance? A standard certificate of insurance, or. Katherine Fan writes for NerdWallet.
This article originally appeared on Radical FIRE and has been republished here with permission. . Many people are asking themselves: how much money should I save every month? We’re not talking absolute numbers, but a percentage of your income. How do you know that you’re saving enough? Let’s get to the answer today! When you’re looking to work towards financial security or financial independence, saving is how you’ll get there fastest.
What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv
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