CICM
FEBRUARY 27, 2023
One of the key obstacles when keeping on top of a debtors ledger is that often, business owners are afraid of damaging long-term customer relationships. Therefore, it is important to strike a balance between allowing customers some flexibility and setting boundaries. So, how far should you go when asking customers to pay on time and what should you do if late payment becomes a problem?
American Profit
FEBRUARY 27, 2023
A New Year is upon us and hopefully a new season of busy activity for all you small business operators. Whether you are a lawn care or landscaping professional, contractor, a plumber or electrician or any small business that gets busy during the spring and summer months, it’s time to review your accounts receivable process before you get too busy.
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Nerd Wallet
FEBRUARY 28, 2023
Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Supreme Court Hears Student Debt Cancellation Cases: What to Know originally appeared on NerdWallet.
Account Recovery
FEBRUARY 28, 2023
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. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt first appeared on AccountsRecovery.net.
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Troutman Sanders
FEBRUARY 28, 2023
On February 28, the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) jointly issued a Request for Information, seeking public comment on how background screening affects individuals seeking rental housing in the United States. Specifically, the Request seeks information on the use of consumer reports and credit scores, criminal and eviction records, and algorithms in the tenant screening process.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
FEBRUARY 26, 2023
Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
Account Recovery
MARCH 3, 2023
A District Court judge in California has partially granted a defendant’s motion for judgment on the pleadings, but denied counts related to text messages received under the Telephone Consumer Protection Act and the anti-harassment provision of the Fair Debt Collection Practices Act because the defendant sending 15 text messages in the span of one month. … The post Judge Partially Denies MJOP in FDCPA, TCPA Case Over Collection Texts first appeared on AccountsRecovery.net.
PBWT
FEBRUARY 27, 2023
In a recent per curium opinion, the Fifth Circuit recommitted to its practice of dismissing claims against court-appointed fiduciaries when plaintiffs fail to obtain permission before bringing suit. The court rested its decision on the Barton doctrine, which other courts, including the Eleventh Circuit, have found inapplicable in similar circumstances.
Nerd Wallet
FEBRUARY 27, 2023
Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Can College Abroad Actually Save You Money? originally appeared on NerdWallet.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Consumer Finance
MARCH 1, 2023
The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.
Account Recovery
MARCH 3, 2023
There is a quote from Sun Tzu that has been bastardized into “know thy enemy,” but the full quote is “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a … The post CFPB Report Details Financial Profile of BNPL Users first appeared on AccountsRecovery.net.
Roths Child Law
MARCH 2, 2023
An adult's credit score can influence many aspects of their life. Their creditworthiness determines how much they pay in interest when buying a vehicle and the home value they can afford. It also may factor into whether or not they can obtain a new job or a promotion. Unfortunately, it is easy for hard-working people to find themselves overwhelmed by their debt-related obligations.
Fico Collections
FEBRUARY 27, 2023
Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !
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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.
Consumer Finance
FEBRUARY 28, 2023
The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.
Account Recovery
MARCH 3, 2023
COMPLAINT ACCUSES DEFENDANT OF CONTACTING PLAINTIFF’S ABUSIVE EX AND MAKING THIRD-PARTY DISCLOSURES A collection operation has been sued for allegedly violating the Fair Debt Collection Practices Act because it contacted an ex-boyfriend of the plaintiff and disclosed “previously unknown personal details” to the ex-boyfriend, leading him to resume abusive contact toward the plaintiff, which had … The post Daily Digest – March 3.
Nerd Wallet
MARCH 3, 2023
Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com. The article St. Regis Bora Bora Review: Views, Bikes and Butlers originally appeared on NerdWallet.
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?
Consumer Finance
FEBRUARY 28, 2023
The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided through those programs.
Account Recovery
MARCH 3, 2023
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. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Defendant of Contacting Plaintiff’s Abusive Ex-Boyfriend and Making Third-Party Disclosures first appeared on
Nerd Wallet
MARCH 3, 2023
Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Supreme Court Student Debt Cancellation Cases: 4 Expert Takeaways originally appeared on NerdWallet.
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Sawin & Shea
FEBRUARY 28, 2023
There are few life events as stressful as a foreclosure. Foreclosing on your home upends your family’s life, negatively impacts your credit history, and may hurt your ability to get a new mortgage in the future. However, there are ways to prevent foreclosure, even if you can’t afford your mortgage payments. One of those methods is through a loan modification.
Account Recovery
MARCH 2, 2023
Minneapolis, MN, February 27, 2023 – DCM Services, Inc. (“DCMS”), a portfolio company of NMS Capital (“NMS”) names Scott Lane to the position of Chief Financial Officer. Scott brings over 25 years of public and private company experience in a wide range of finance and business functions within various industries, having held a number of senior positions including CFO, COO, and Chief Risk … The post DCM Services Names Scott Lane as Chief Financial Officer first appeared on AccountsRecovery.
Credit Corp
MARCH 1, 2023
Are you hoping to build your credit by paying your cable bill on time? Unfortunately, most cable companies, like many other utilities, don’t report payments to credit reporting agencies. With no information, it’s impossible for these agencies to use this information when calculating your credit score. So, making these payments on time typically doesn’t impact your credit score.
Nerd Wallet
MARCH 1, 2023
Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article When to Consider Booking With Turo Over a Traditional Rental Car originally appeared on NerdWallet.
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.
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