Sat.Jan 28, 2023 - Fri.Feb 03, 2023

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Is a Recession Good for Debt Collection?

FFGN COLLECT NY

Many people believe a recession would be good for the debt collection industry. They think more debt leads to more collectible debt, more collections, higher returns to clients, and increased fees to debt collection firms.

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Late Payments: Reasons and Remedies

AGA

Recognizing Why You Are Being Paid Past Due Is Key to Changing Customer Behavior As published in The Virtual Credit Manager There are any number of reasons a business may pay beyond your terms of sale. Some of the reasons for paying slow are more serious than others, but they all impact your cash flow and your collection efforts. There are several keys to effective past due collections and they start with your order-to-cash process.

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Turning Roadblocks into Better Recovery Opportunities

True Accord

Businesses and consumers are buckling up for a bumpy economic road in 2023, but your company doesn’t have to accept that these recovery roadblocks spell inevitable losses. With the right digital communication strategy you can turn challenges into opportunities and engagement into recovered revenue.

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Smart Money: Overcoming Structural Challenges

Nerd Wallet

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Overcoming Structural Challenges originally appeared on NerdWallet. Personal Finance

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Join this exclusive webinar with Dr. Karen Hardy, where she will explore the power of storytelling in risk communication as a core component of a resilient organization's management framework!

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My Massachusetts debtor’s check bounced. How do I collect now?

Collections Law

When a check bounces, you can sometimes get paid by simply following up with the person who wrote the check. It might have been a blip and they may be willing to pay. When that doesn’t happen, Massachusetts law may allow you to sue that person and the company named on the check.

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Are You Taking Too Long to Collect on Receivables?

Enterprise Recovery

When your business has a late-paying client, follow-up calls must be handled quickly and with conviction. Late or non-paying clients cause your business to write receivables off as bad debt, and they could cause the deterioration of your business relationships.

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PDCflow Releases Card Verify for Credit Card Transaction Authentication

PDC Flow

Validating credit card information before a transaction is submitted can eliminate failed payments. To help merchants ensure card data is accurate before a transaction is processed, PDCflow announces the new Card Verify feature.

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CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year.

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Judge Denies MSJ Motions from Plaintiff, Defendant in FDCPA Case over Dispute Removal Request

Account Recovery

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Student Loans: 5 Biggest Winners of Biden’s New IDR Plan

Nerd Wallet

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Student Loans: 5 Biggest Winners of Biden’s New IDR Plan originally appeared on NerdWallet. Loans Student Loans

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Survey: 1 in 4 File Taxes Late. Here’s Why You Shouldn’t Wait to File

Credit Corp

According to the National Retail Federation, almost half of all consumers say they expect to file their taxes in February. Those who are expecting refunds often want to get their returns in early to maximize the chances of a quicker refund.

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Bankruptcy Court Issues Ruling on Ownership of Celsius Account Assets

PBWT

The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors.

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Minn. Dept. of Commerce Fines Two Agencies for Unlicensed Collection Activity

Account Recovery

A pair of collection operations have waived their rights to a hearing before the Minnesota Department of Commerce and agreed to fines — one for $10,000 and one for $7,000 — for engaging in unlicensed collection activity in the state.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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February Mortgage Rates on the Downslope by End of Month

Nerd Wallet

Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article February Mortgage Rates on the Downslope by End of Month originally appeared on NerdWallet. Mortgages

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Utility Debt Collection Agency to be investigated by Ofgem

UK debt collections

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A Primer on Avoidance Actions in the Context of Crypto Bankruptcies

PBWT

In 2022, there were several high-profile crypto bankruptcy filings. A big question in these cases is whether there will be any money to satisfy unsecured creditor claims.

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U.K. Collection Agency in Hot Water After Being Caught Breaking into Homes

Account Recovery

I can’t speak for you, but I am fascinated by the differences from one city to the next, one state to the next, and one country to the next. Whether you call it pop, soda, or Coke, use your thumb to point instead of your index finger, or spit on the bride at a wedding, … The post U.K.

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Effortless. Efficient. Enjoyable. Collection Software Built for Collectors.

Looking for a cloud-based collection platform that keeps track of accounts across teams, providing customizable workflows to keep collectors in sync with their collection strategy?

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What to Expect From the First FOMC Meeting of 2023

Nerd Wallet

Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article What to Expect From the First FOMC Meeting of 2023 originally appeared on NerdWallet. Investing Stocks

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MP’s family firm chased SME’s for unpaid commercial rent during covid

UK debt collections

Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a number of Commercial properties in Birmingham.

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Justice of the Peace Brazoria County Precint 3 Place 1

Busby Lee

Justice of the Peace Brazoria County Precint 3 Place 1 Justice of the Peace Brazoria County Precint 3 Place 1 is presided over by the Honorable Judge Mike Merkel. The court is located at 260 George St., 100, Alvin, TX 77511.

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Daily Digest – February 3. Complaint Alleges Confusion; Agencies Fined for Unlicensed Activities

Account Recovery

COMPLAINT ALLEGES CONFUSION BETWEEN WHO OWNED DEBT AND TO WHOM DEBT WAS OWED The issues related to making sure a consumer recognizes the debt being referenced in a collection letter (or notice) while also making sure to identify the current creditor to whom the debt is owed is not an easy needle to thread.

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Why Do So Many Older Adults Choose Medicare Advantage?

Nerd Wallet

Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Why Do So Many Older Adults Choose Medicare Advantage? originally appeared on NerdWallet. Insurance Medicare

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How to Get Debt Collectors to Stop Calling after Bankruptcy

Sawin & Shea

The time period leading up to filing for bankruptcy is extremely stressful, as you know. You probably heaved a sigh of relief once you received your case number and were assured that an automatic stay was in effect.

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Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

If you are struggling to pay your debts, you have a number of options at your disposal. You can approach your creditors for a waiver or negotiate a repayment plan that will work for you. If these options are not possible, you may consider filing for bankruptcy.

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Complaint Alleges Confusion Between Who Owned Debt and To Whom Debt was Owed

Account Recovery

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.

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The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

In this session, Elizabeth “Paige” Baumann will cover the Anti-Money Laundering Act of 2020, which also includes the Corporate Transparency Act. She'll take a deep dive into the catalysts that brought on the act, the current implications of the act, and what impacts the act has on the future of banking and finance.