FFGN COLLECT NY
JANUARY 23, 2025
In our modern times, its easy to find whatever youre looking for within a few clicks. Though the internet makes finding goods and services simple, that doesnt mean the first option you come across will be whats best for you. This is especially true when it comes to legal services. Its important to do your research and connect with an attorney who can move your debt collection case forward.
Enterprise Recovery
JANUARY 22, 2025
Understanding the differences between business and consumer debt collections can profoundly influence your approach to developing an effective recovery strategy. This knowledge allows you to tailor your methods to suit the specific type of debt you are dealing with, ensuring that you employ the most appropriate techniques and adhere to relevant regulations.
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Account Recovery
JANUARY 22, 2025
Truecaller, a leading global communications platform, has announced a significant update for iPhone users, bringing its full range of spam and scam blocking features to Apple’s mobile operating system. With the new update, Truecaller now offers real-time caller identification, bringing iPhone users in line with their Android counterparts for the first time.
PDC Flow
JANUARY 23, 2025
Many important aspects go into choosing payment collection software for your debt collection agency. Thinking about everything you must consider can be daunting. When examining your payment collection software, start with these four areas to decide if its doing all it can for your agency. 1. Security With the increase in data breaches in recent years, cyber security is a huge concern for businesses and consumers.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Collect More
JANUARY 19, 2025
If there are multiple outstanding invoices on your customer’s Statement then unfortunately my friend, you have a problem. When was the last time you cut off a debtor who owed you money? Said no when they asked you to do more work or provide more stock? Told them you’d only agree once they’ve paid you in full? If you’re like most small businesses the answer is never.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 21, 2025
The credit and collection industry is facing a rapidly evolving landscape shaped by digital transformation, economic shifts, and regulatory changes. As 2025 progresses, understanding these trends can help industry professionals optimize their strategies and stay ahead of the curve. 1. The Rise of the Orchestration Economy The big picture: The debt collection industry is witnessing a shift from fragmented, app-based ecosystems to integrated orchestration platforms.
The Kaplan Group
JANUARY 22, 2025
The relationship between revenue quality and collection efficiency has become increasingly critical for sustainable growth. A new analysis by The Kaplan Group of eight leading SaaS companies reveals significant variations in how companies balance high-value revenue streams with effective collection practices, offering insights into optimal strategies for financial success.
Consumer Finance
JANUARY 22, 2025
The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.
PDC Flow
JANUARY 21, 2025
Do you know what the merchant onboarding process entails for starting payment processing with a new SaaS vendor? Understanding how to set up a merchant account is essential to saving time, avoiding frustration, and ensuring a smooth transition to accepting payments. Here are the basic considerations for companies setting up a new merchant account. Merchant Onboarding Paperwork The merchant onboarding process can move quickly if your business is in good standing and all required documentation is
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Account Recovery
JANUARY 20, 2025
On its way out the door, the Department of Education has published a memo outlining the steps that the new administration should take to prevent individuals from defaulting on their student loan payments and the importance of continuing the actions that have been taken by the outgoing administration. Why it matters: Federal student loan borrowers will face penalties and consequences for missed payments in 2025 for the first time in five years.
Prosperity Now
JANUARY 22, 2025
Housing affordability isn't just an economic issueit also shapes families, communities, and long-term financial strength.
Consumer Finance
JANUARY 23, 2025
Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.
Collection Industry News
JANUARY 22, 2025
When it comes tofinancial resolutionsfor 2025, theres one goal that often lands on the top of the list paying down debt, according to a new survey from Bankrate. Thats as a majority of Americans 89% say they have a main financial goal for 2025, the Novembersurveyof almost 2,500 adults found. Whilepaying down debtcame in as a top goal, with 21%, other items on Americans financial to-do lists include saving more for emergencies, with 12%; getting a higher paying job or additional source of inco
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Account Recovery
JANUARY 22, 2025
Consumers are turning increasingly pessimistic about the state and future of the economy and are making adjustments, like pulling back on making big purchases. One silver lining for the credit and collection industry is that it appears consumers are going to be more focused on paying down their debt levels, according to data released yesterday by WalletHub.
TCPA
JANUARY 24, 2025
TCPA defendants often assert, in either a motion to dismiss or answer (or both), that a plaintiff gave prior express consent to receive the calls or text messages at issue. But it is the exceptional case where a defendant actually files a counterclaim against a plaintiff on this ground.
Burt and Associates
JANUARY 23, 2025
Effective accounts receivable (AR) management is crucial for maintaining a healthy cash flow and ensuring the financial stability of any business. While setting credit limits is fundamental, adopting a comprehensive strategy encompassing various elements can significantly enhance your AR processes. This article explores key components beyond credit limits that contribute to robust AR management. 1.
Collection Industry News
JANUARY 19, 2025
WASHINGTON, D.C. Today, the Consumer Financial Protection Bureau (CFPB)finalized a rulethat will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPBs action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Account Recovery
JANUARY 20, 2025
A District Court judge in Missouri has denied a defendant’s motion for summary judgment on claims it violated the Fair Debt Collection Practices Act by failing to correct inaccurate information it was furnishing to the credit reporting agencies, while granting the motion on claims it violated the Fair Credit Reporting Act, ruling the plaintiff did not establish that she suffered a concrete injury.
NCBA Law Practice Management Blog
JANUARY 18, 2025
It happens from time to time, when a third party pays for the legal services of another. Though, its still a fairly unusual situation. So, the question is: What do you do when it happens? Ideally, two things: First, you want to clearly explain to both the payor and the client that the payor is not the client, the client is which sounds like an obvious thing for lawyers, but wont be for your clients and the person paying the legal fees.
True Accord
JANUARY 21, 2025
Looking at key economic indicatorsGDP growth, consumer spending, softening inflation and a healthy job marketit would be easy to deduce that consumers in America are faring well. But digging deeper reveals unwieldy debt, expected rises in charge-offs and uncertainty around future economic conditions, painting a less rosy picture of the financial situation.
Jimerson Firm
JANUARY 21, 2025
As the Surgeon General concludes his tenure, Vivek Murthys advisory on the relationship between alcohol and cancer has sparked a national conversation. Released on January 3, 2025, the advisory emphasizes the scientific link between alcohol consumption and increased cancer risk for several types of cancer, including breast, liver, and throat cancers.
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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Account Recovery
JANUARY 21, 2025
EDITORS 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 (855) WEB-RECON or email admin@webrecon.net today!
NCBA Law Practice Management Blog
JANUARY 18, 2025
The most efficient law firms (and, thus: the most profitable) are driven by effective processes. In fact, creating and managing workflows is one of the most important things that you can do as a law firm owner. However, you can take it further. Many project management, case management and CRM systems now offer the ability to add phases or stages to processes.
UK debt collections
JANUARY 24, 2025
Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of 5.1% from 2023s figure of 25,163. The company insolvencies comprised of 18,840 creditors voluntary liquidations (CVLs), 3,230 compulsory liquidations , 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments.
Account Recovery
JANUARY 20, 2025
The Consumer Financial Protection Bureau on Friday announced an enforcement action against Equifax Inc. and its subsidiary, Equifax Information Services LLC, for multiple violations of the Fair Credit Reporting Act and the Consumer Financial Protection Act. The agency found that Equifax failed to properly investigate consumer disputes, provided inaccurate information, and misled consumers with contradictory dispute resolution notices, leading the credit reporting giant to pay a penalty of $15 mi
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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