NCBA Law Practice Management Blog

JUNE 22, 2021

Lawyers look for revenue in all types of places. Sometimes they try to reduce overhead. Sometimes they try to generate more leads. Sometimes they try to convert more leads. Sometimes they try to throw more money at the problem. Sometimes they try to throw less money at the problem. If most of those solutions haven’t worked – keep reading. O ne place you can find lost revenue is by focusing on your current clients.

Law Firms 52

Law Firms Lawyers Creditors 52

On Guard

JUNE 24, 2021

Intelligent Automation (IA) takes financial process automation to the next level. It not only tackles relatively simple and routine processes with ease, but also those that until now seemed too complicated and unpredictable to be automated, and it’s here where organisations can benefit from increased efficiency and a reduction in costs. Crucially, while this innovation allows finance professionals to focus on providing personalised services to their customers, understanding of the technology is

Collections 52

Collections 52

Debt Collection Answers

JUNE 21, 2021

New medical debt collection laws in Nevada and New Mexico may provide some help to consumers when dealing with our complicated and convoluted medical billing and insurance system. They don't do anything to help bring down the price of medical care but in the case of New Mexico's law in particular, may help to bring some transparency.

Collections 40

Collections 40

Account Recovery

JUNE 23, 2021

BEDARD CONTINUES BREAKDOWN OF VALIDATION INFORMATION DISCLOSURES As discussed last week, there are four pieces of information that make up what the Consumer Financial Protection Bureau refers to as “validation information” in Regulation F. They are: debt collection communication disclosures, information about the debt, information about consumer protections, and information about how the consumer can … The post Daily Digest – June 23.

Collections 245

Collections 245

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.

Nerd Wallet

JUNE 24, 2021

It’s a seller’s market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too. What if they make an expensive mistake? It’s easy to find lists of common homebuying mistakes, but home selling errors are harder to describe. They’re subtle, often involving mindset and. Holden Lewis writes for NerdWallet.

127

127

Fico Collections

JUNE 21, 2021

With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitter and Salesforce say they “plan to bulk up ethics teams responsible for evaluating the behavior of algorithms.”.

Government 116

Government 116

Account Recovery

JUNE 24, 2021

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 Nick Prola of Pr

Accounts Receivables Management 242

Accounts Receivables Management 242

Nerd Wallet

JUNE 25, 2021

Selling a house can be a time-consuming and costly process, no matter where you live or when you list it. But you can make the experience less painful and even get higher offers by paying attention to the current conditions of the market and adjusting your approach accordingly. These tips for selling your home can. Taylor Getler writes for NerdWallet.

126

126

Collect More

JUNE 23, 2021

Right then folks- there are mere days left. If you’re like most business owners, you want your bank balance at 30 June to be as healthy as possible. Here’s how to convert “Money owed” to “Cash at bank”. – Sell the benefits, for them, in paying you before 30th June. Closure and the opportunity for “a fresh start in a brand new year without this debt hanging over their head”.

Banks 100

Banks Collections 100

Advertisement

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

Sawin & Shea

JUNE 23, 2021

Although filing for bankruptcy can solve many of the issues you are dealing with, ease your stress level, and give you a chance to breathe, it cannot remove all of your worries. If you are contemplating filing for bankruptcy, you are probably overwhelmed with debt that you can’t repay while dealing with creditors. Many people in your situation are also behind on their rent and concerned about being evicted.

Bankruptcy 102

Bankruptcy Judgment Creditors Foreclosure 102

Account Recovery

JUNE 23, 2021

Even though the COVID-19 pandemic may be close to ending, that does not mean that consumer protections put into place during the pandemic are on the way out, too. In this case, protections put in place to keep renters and homeowners in their residences and not face evictions or foreclosures may continue through the end … The post Waters Seeks Foreclosure Moratorium Extension as CFPB Preps Rule appeared first on AccountsRecovery.net.

Foreclosure 242

Foreclosure 242

Nerd Wallet

JUNE 21, 2021

Getting ready to sell your home? No matter the listing price, in today’s strong seller’s market, you may find yourself getting at least one cash offer. In March 2021, 23% of home buyers (including real estate investors) financed their purchases with cash, according to the National Association of Realtors. But are cash offers better for. Kate Wood writes for NerdWallet.

122

122

Jimerson Firm

JUNE 24, 2021

Five Jimerson Birr Partners Named Florida Super Lawyers and Rising Stars in Business Litigation. Jacksonville, Fla. – June 24, 2021 – Jimerson Birr is proud to announce that five of its partners have been recognized as 2021 Florida Super Lawyers and Rising Stars in Business Litigation. Managing partner Charles B. Jimerson and partner James O. “Joby” Birr, III received the Florida Super Lawyers designation for the eighth consecutive year, and Austin B.

Lawyers 98

Lawyers Construction Law Firms Client Expectations 98

Advertisement

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

Debtor Daddy

JUNE 20, 2021

Today, we’re excited to launch a new platform specifically for bookkeepers. It’s the first time we have tailored our debtor management solution to focus on a particular business market. A growing list of bookkeeping customers prompted Debtor Daddy CEO and co-founder Matt McFedries to develop ‘Debtor Daddy for Bookkeepers’. “Until now it’s been difficult for bookkeepers to offer a complete debtor management service to their clients,” McFedries said.

Debtor 97

Debtor Debt Management Collections 97

Account Recovery

JUNE 21, 2021

A District Court judge in Washington has awarded two plaintiffs more than $60,000 in emotional damages in a bench trial after suing a collector for allegedly violating the Fair Debt Collection Practices Act because the defendant attempted to collect more than what was owed and for making false and misleading statements when attempting to collect. … The post Judge Awards $62k in Emotional Damages to Plaintiffs in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 242

Fair Debt Collection Collections Debt Recovery 242

Nerd Wallet

JUNE 21, 2021

Gird yourselves, homeowners — it’s shaping up to be another dangerous hurricane season. The National Oceanic and Atmospheric Administration is forecasting three to five major hurricanes this year, amid a total of 13 to 20 named storms. If you live in a hurricane zone, now is the time to take action. You can’t prevent a. Sarah Schlichter writes for NerdWallet.

113

113

Burr Forman

JUNE 22, 2021

It is hard to find a news post without a story on a ransomware attack. The National Security Council has issued an open letter warning all businesses to be alert and prepared for ransomware attacks. Various industry groups have issued multiple alerts with tips specific to businesses in their field. Unfortunately, it often takes getting hit by a ransomware attack to accept the idea that all businesses are potential victims of ransomware attacks.

Trade 92

Trade Government Collections 92

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

PBWT

JUNE 22, 2021

On Monday, the United States Supreme Court denied Thelma McCoy’s petition for a writ of certiorari to the United States Court of Appeals for the Fifth Circuit, passing up a golden opportunity to bring uniformity to the “important and recurring question” of how to determine the sort of “undue hardship” that qualifies a debtor for a discharge of student loans under 11 U.S.C. § 523(a)(8). [1] The Bankruptcy Code generally excludes student loan debt from the genera

Student loans 85

Student loans Student Loans Bankruptcy Loans 85

Account Recovery

JUNE 25, 2021

Anyone who had the good fortune of crossing paths with Robbie Malone has a great story to share. Larger than life in many ways, Robbie epitomized everything that is good about her home state of Texas. The accounts receivable management industry is a less-colorful place today because of her passing. To celebrate Robbie, AccountsRecovery.net reached … The post Friends and Colleagues Share Memories of Robbie Malone appeared first on AccountsRecovery.net.

Accounts Receivables Management 240

Accounts Receivables Management 240

Nerd Wallet

JUNE 25, 2021

Closing a Wells Fargo account is a relatively simple task. Whether you’re looking to part ways with a checking, savings or credit card account, the steps are similarly straightforward. Here’s how to navigate the process. Key takeaways: Generally, you should open another account first before you close your Wells Fargo account. Get your balance to. Sam Kemmis writes for NerdWallet.

106

106

Jimerson Firm

JUNE 23, 2021

Oftentimes, residential and commercial real estate developers or brokers may confront title issues that interfere with the ability to sell or close on a property. If the property owner does not have clear, marketable title, it means that there is a “cloud on title.” Since clouds on title interfere with the ability to sell or close on real property, residential and commercial brokers will need to consider effective ways to have the cloud on title removed.

Foreclosure 81

Foreclosure Judgment Construction Government 81

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?

Banks

Prosperity Now

JUNE 22, 2021

Prosperity Now is thrilled that Connecticut is leading the nation as the first to implement a state-level Baby Bonds program

98

98

Account Recovery

JUNE 23, 2021

As discussed last week, there are four pieces of information that make up what the Consumer Financial Protection Bureau refers to as “validation information” in Regulation F. They are: debt collection communication disclosures, information about the debt, information about consumer protections, and information about how the consumer can respond to the letter.

Collections 235

Collections 235

Nerd Wallet

JUNE 22, 2021

If you rely on PayPal to process payment from customers, vendors or both, then you might be wondering what your PayPal credit card reader options are. The online invoicing that PayPal offers can be a lifesaver for companies that need to remotely access payment from customers. But for those moments that you find yourself face-to-face. Maddie Shepherd writes for NerdWallet.

105

105

CICM

JUNE 22, 2021

2020 will show up in the history books as a year with a record low in bankruptcies. Due to the pandemic, the financial uncertainty it caused, and the huge impact of government support, that might seem somewhat unbelievable. But what is not happening already, is in this case definitely going to come. The question is not whether government support will end, the question is when it will.

Government 76

Government Bankruptcy Credit Management 76

Advertisement

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

Collections