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Improving your cash flow and understanding how debt collections fit into your business should be an important part of how you operate in 2022. If you continue to struggle with customers not paying you and you feel you have an ongoing need for debt collections , you’ll want to consider how collection activity around your accounts receivable process will fit into the coming year.
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that have collapsed due to insolvency rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410. More alarmingly, this showed an increase of 87.9% compared to 891 in November 2020.
One-fifth of individuals would rather go to the DMV than try to pay their medical bills online, according to the results of a survey conducted by VisitPay, which have been published in a media report. The comparison is meant to illustrate just how far medical providers still have to go in providing a robust and … The post Data Details Disturbing Trend For Healthcare Providers appeared first on AccountsRecovery.net.
Today, the Consumer Financial Protection Bureau (CFPB) announced that LendUp Loans has agreed to halt making any new loans and collecting on certain outstanding loans, as well as to pay a penalty, to resolve a September 2021 lawsuit alleging that it continued to engage in illegal and deceptive marketing in violation of a 2016 CFPB order. The lawsuit also accuses LendUp of violating fair lending regulations.
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.
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. If you leave a job or retire, you’re often encouraged to roll over your 401(k) or other workplace retirement account into an individual retirement account.
If an employee resigns and starts working for a competing company, the former employer’s trade secrets may be at risk of being disclosed. Whether the former employee kept those trade secrets in their mind, e-mailed them to a personal email, or physically walked out of the office with them in hand, the former employer needs to act fast to prevent the disclosure of those trade secrets to a competitor and any irreparable harm.
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If an employee resigns and starts working for a competing company, the former employer’s trade secrets may be at risk of being disclosed. Whether the former employee kept those trade secrets in their mind, e-mailed them to a personal email, or physically walked out of the office with them in hand, the former employer needs to act fast to prevent the disclosure of those trade secrets to a competitor and any irreparable harm.
It only took 10 days after going into effect, but it appears as though one of the first lawsuits referencing Regulation F has been filed against a company in the accounts receivable management industry. The complaint, which was filed on December 10, accuses the company of not adhering “to the requirements” of the rule by … The post Collector Accused of Violating Reg F in FDCPA Lawsuit appeared first on AccountsRecovery.net.
In a Nutshell. Visa and Mastercard are both card networks. Both organizations manage the payment networks through which their cards work. Visa and Mastercard are different companies, but they operate in a very similar way. You apply for a credit card and receive a lovely shiny piece of plastic in the mail with “Visa” or “Mastercard” printed on it. So, what’s the difference between Visa and Mastercard—and is one type of credit card better than the other?
Hotel free night certificates can be one of the best perks imaginable on a hotel credit card. Depending on the hotel you pick and the night you stay, their value alone can often far outweigh the card’s annual fee. I had three of these golden tickets in my hands — all expiring at the end. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
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 mandate employees either get vaccinated or undergo periodic testing for COVID-19 (“mandate”).
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.
In a case that was defended by the team at Malone Frost Martin, the Court of Appeals for the Seventh Circuit has affirmed a lower court’s summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act for accessing an individual’s credit information via a soft inquiry for … The post Appeals Court Affirms Summary Judgment for Collector in FCRA Case appeared first on AccountsRecovery.net.
The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) issued two joint letters today regarding important legal housing protections for military families.
Traveling to some countries in Europe will soon require yet another piece of paperwork — and yet another fee. For Americans, that fee is just under $8 (7 euros) per person. Sometime in 2022, the European Commission is set to launch what’s called the European Travel Information and Authorisation System, or ETIAS. What is ETIAS? Sally French writes for NerdWallet.
Are you looking for a way to better leverage your technology options to create a better consumer connection experience in accounts receivable? The new podcast “ An In Debt Discussion ,” hosted by Jacqueline H. Waller, covers this and more with a new guest and topic each episode. Waller, with almost two decades of experience in the ARM industry, is hoping to use her podcast to connect people to the services that will help their businesses grow.
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.
Barring some big new next week, yesterday I hosted what will likely be the last webinar of 2021. Yesterday’s webinar was the 264th live event I hosted this year — counting webinars, episodes of The Talk-Off, and webinars hosted for state collectors’ associations. Counting Mondays through Fridays, and excluding federal holidays there are 250 business … The post A Thank You, From Me To You appeared first on AccountsRecovery.net.
By Mohammad Khashefi LLB (Hons). Owners corporations and insurers in Victoria and whoever was waiting for the changes to section 18 of the Owners Corporation Act 2006 (Vic), section 18 of the Act is now changed! There is no longer a requirement for a special resolution to be passed for owners corporations to be able to commence legal proceedings in the Magistrates Court.
The busy port of Vancouver, British Columbia, is a popular Canadian destination for outdoor junkies no matter the season. Take a stroll in the roughly 1,000-acre (400-hectare) Stanley Park, experience the Sails of Light display at Canada Place or hit the slopes at one of the ski resorts outside of the city. If you’re on. Anya Kartashova writes for NerdWallet.
Having one debt to pay off is stressful enough as it is. But it’s a much bigger headache if you owe debts to multiple places, as your odds of forgetting a payment will increase, and the varying interest rates between the different debts can end up taking a bite out of your wallet. If you have multiple debts, such as overdue credit cards you need to pay down, a debt consolidation loan might be able to help you to better keep track of what you owe by getting it all in one place, perhaps even at a
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!
GETTING TO KNOW SCOTT TACKE OF KANSAS COUNSELORS Scott Tacke wants you to know that compliance officers can be funny. It might not seem like it these days, especially thanks to Regulation F, but sense of humor are not automatically erased when someone crosses over to the compliance side of the building. While admitting what … The post Daily Digest – December 23.
Another case shows the perils of waiting until the final minutes to meet a court deadline. In re U-Haul, 21-bk-20140, 2021 Bankr LEXIS 3373 (Bankr. S.D. W. Va. Dec. 10, 2021 ). The debtor is a well-known truck rental company. Years before the debtor filed for bankruptcy, a class action lawsuit was filed against it. The suit alleged the debtor had improperly charged certain environmental fees and sought damages totaling $53 million.
Thimble is an online insurance agent that sells coverage by the month, day or hour to people who need business insurance fast. Its policies are underwritten by other insurance companies, not Thimble itself. Thimble is a convenient option for businesses that need coverage quickly or temporarily. It’s also useful to business owners who hire contractors; Rosalie Murphy writes for NerdWallet.
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused massive economic waves around the world and is responsible for a deep recession according to the International Monetary Fund (IMF). Global debt rose by 28 percentage points to 256 per cent of gross domestic product (GDP) in 2020.
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.
Before uncovering what is believed to be the first lawsuit alleging a debt collector violated Regulation F, I came across another complaint which references the debt collection rule, but, in this case, the alleged illegal activity took place before the rule went into effect. A complaint has been filed against a debt collector for allegedly … The post FDCPA Suit Over Text Messages Includes Reference to Reg F appeared first on AccountsRecovery.net.
The Consumer Financial Protection Bureau (CFPB) has a new target: overdraft fees. In a December 1 press call, CFPB Director Rohit Chopra targeted the use of overdraft fees in the consumer banking industry, claiming that some banks are “hooked on exploitative junk fees that can quickly drain a family’s bank account.” The CFPB, he said, is “considering a range of regulatory interventions to help restore meaningful competition in this market.” [1].
Every summer, students flood offices as unpaid interns, soaking up knowledge and seeking positive references as they take lunch orders and organize storage closets. But this reliance on unpaid work leaves behind students who can’t afford to work for free. Between temporarily relocating to another city, buying and maintaining office-appropriate attire, and paying for everyday.
The Government has set out new proposals to reform and simplify regulation of the insolvency sector. The new consultation is inviting views on creating a single regulator for Insolvency Practitioners and extending regulation to firms that offer insolvency services. Key changes to the insolvency industry. Key changes set out in the consultation include: establishing a single independent regulator to sit within the Insolvency Service, replacing the current four Recognised Professional Bodies. exte
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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