Sat.Jul 17, 2021 - Fri.Jul 23, 2021

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

UK debt collections

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

New York Issues New Consumer Debt Collection Requirements for Creditors Pursuing Legal Action

FFGN COLLECT NY

After New York Governor Andrew Cuomo signs the Consumer Credit Fairness Act (S.153/Thomas) into law, many creditors will need to provide significant documentation in order to file a debt collection action against their non-paying consumers. The proposed law, which the Senate approved in May, shortens the time to collect consumer credit transactions from six years down to three.

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Effective Communication Strategies for Collectors: 3 Tips to Impact the Bottom Line

PDC Flow

I opened my debt collection agency in 1998. From day one, the stressful phone calls started to take a toll on me. Sometimes I would lose sleep at night because I was stressed about potential lawsuits, consumer complaints, or losing clients. In 2005, all of that changed.

Cadence: How Do You Meet Now?

NCBA Law Practice Management Blog

As COVID restrictions are lifting across the country, and business owners and their employees are deciding whether or how to come back together in an office setting, the question persists: How and when should people meet for work?

Prodigal Raises $12M in Series A Funding

Account Recovery

More proof that there is plenty of interest from investors in the accounts receivable management industry came yesterday, in the form of a $12 million Series A funding announcement from Prodigal, a technology company that provides an automation platform for debt buyers, debt collectors, and creditors rights law firms.

Team USA: Why the United States is the Best Place to Start a Business

Enterprise Recovery

As if we needed another reason to cheer for Team USA, CEOWORLD Magazine's Entrepreneurship Index for 2021 ranks the United States as the world's most entrepreneurial country.

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More Trending

Properly Evaluating and Defending Class Action Complaints

Jimerson Firm

Class action complaints are not a novel concept.

House Passes Bill to Give FTC Back Its Financial Power

Account Recovery

The House of Representatives this week passed a bill that aims to restore the Federal Trade Commission’s ability to seek monetary redress in court, after a Supreme Court ruling determined that Congress did not intend to give the regulator that power.

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Is it Time to Raise Your Rates for Inflation?

Enterprise Recovery

As global markets reopen, inflation is causing corporations of all sizes to reexamine their rates. Supply chains are being affected by higher costs and increased demand for raw materials and labor.

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Summer Vacation Savings: Traveling for Less

Sawin & Shea

Now that summer’s here, it’s time to jumpstart your summer vacation planning. An important component, of course, is budgeting. You deserve a break, but just make sure you don’t break the bank.

9 Ways to Make Money as a Kid

Nerd Wallet

Job opportunities for children are limited, but not impossible to find. Sure, the minimum working age in the United States is 14, and some states may have a higher minimum employment age. However, there are certain exceptions, plus other ways besides traditional employment to make a few quick bucks.

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I Type, Therefore I Am

Account Recovery

What do people think of engaging with chatbots when visiting a company’s website?

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Michigan Legislature Repeals Emergency Powers of Governor Act of 1945

Fraser

On July 21, 2021, the Michigan legislature approved a petition to repeal the Emergency Powers of Governor Act of 1945, which was the statutory basis used by Governor Whitmer during the early days of the COVID-19 pandemic to institute sweeping health and safety restrictions. Because the action taken by the legislature was pursuant to an “initiated law,” the repeal does not require Governor Whitmer’s approval, nor can she veto it.

New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors

PBWT

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. See, e.g., 11 U.S.C. §§ §§ 544, 547–48. Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors?

Smart Money Podcast: Rethinking Credit Reporting and Lightning Round Money Questions

Nerd Wallet

[/nw_context_conditional] [/nw_context_conditional] Body: Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about flaws in the credit reporting system.

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Daily Digest – July 23. Crypto Firm Hires Kraninger; House Passes Bill to Help FTC Levy Fines

Account Recovery

CRYPTO FIRM HIRES FORMER CFPB DIRECTOR KRANINGER TO BE LOBBYIST Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs.

Do I need to pay taxes on private sales transactions?

Rocket Lawyer

The short answer is “yes.” ” In most cases, the IRS and your local tax agencies expect tax payments for gains received on larger transactions.

7 Money-Saving Tips for Your Honeymoon

Credit Corp

This article originally appeared on The Budget Savvy Bride and has been republished here with permission. If saving money on your honeymoon is a priority for you, you’re in luck. There are many ways to save money on your honeymoon so that you can have a great time without breaking the bank.

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Dorm Costs Have Soared, but Many Freshmen Have No Choice

Nerd Wallet

Living in the dorms is a rite of passage for millions of first-year college students. But like the rest of the college experience, it’s costly. And in many cases it’s mandatory.

Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist

Account Recovery

Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs.

Women in Credit Awards Recognize Two More FICO Leaders

Fico Collections

. Last year I was proud to announce that three of our leaders in EMEA - Louise Lunn , Nicola Pickering and Anat Hoida - had been named finalists in the Women in Credit Awards, sponsored by Credit Strategy.

Starting Over at 50 Can Be Done, Here’s How

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. While I don’t know your exact situation, I’m guessing that starting over at 50 was not something you ever thought about or planned for.

Buy-Sell Agreement: What Is It and Do You Need One for Your Business?

Nerd Wallet

In all of the business planning you’ve done, you might not have thought about what happens to your business if you retire, move on — or in a worst-case scenario, become incapacitated or die. Having a buy-sell agreement establishes a clear plan to handle any of these events.

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National Debt Holdings Donates to Support Surfside Fund for Those Impacted by the Surfside, Fla. Tragedy

Account Recovery

National Debt Holdings, a receivables management firm in Fort Lauderdale, FL, extends its heartfelt condolences and sympathies to those impacted by the recent tragedy in Surfside, FL.

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Should Land Use Boards Meet in Person, or Continue to Hold Virtual Hearings?

Price Meese

Purcell recently co-authored a point/counter-point piece in the New Jersey Law Journal debating the merits of returning to in person land use board hearings or continuing to hold virtual hearings after the Covid-19 emergency ends. Below is a copy of the article.

12 Ways to Reduce Your Air Conditioning Bills This Summer

Credit Corp

It’s a scorcher out there. In 2021, many states broke long-standing temperature records —and boy, did residents feel the heat. Meteorologists agree that record-setting weather events are here to stay and cooling stations and air conditioning units could become essential in all states.

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Skip College? Not if You Want to Make More Money

Nerd Wallet

Skeptical of the four-year college degree? It’s still your best bet to make money. Backlash against college as a common stop on the road to adulthood has mounted over the past decade.

Getting to Know Kristyn Leffler of Resurgent Capital Services

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

Summary of Proposed 2021 Federal Tax Law Changes

Burr Forman

President Biden has proposed major changes to the Federal tax laws, some of which are sought to be effective earlier in 2021 (i.e.,

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12 Ways to Reduce Your Air Conditioning Bills This Summer

Credit Corp

It’s a scorcher out there. In 2021, many states broke long-standing temperature records —and boy, did residents feel the heat. Meteorologists agree that record-setting weather events are here to stay and cooling stations and air conditioning units could become essential in all states.

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