Sat.May 25, 2024 - Fri.May 31, 2024

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22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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The lifecycle of a debt: How commercial collections evolve into legal action…and turns into payment.

Collections Law

At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of combined experience. We exclusively practice aggressive and relentless, yet ethical debt collection. We have dedicated our legal careers to helping businesses get paid. When you deliver a product or service, it is time to get paid. Understanding the lifecycle of a debt is critical to helping businesses know what to focus on, and when to turn up the heat.

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States with The Biggest Debt Burdens

The Kaplan Group

A new study shows that search interest for “debt relief” on Google Trends has remained consistently high throughout the past year, highlighting a national concern about managing financial obligations. This study identifies the states facing the most significant challenges and those with a potentially healthier financial landscape. Key Takeaways Search interest for “debt relief” on Google remained high throughout the past year, indicating a persistent concern about debt burdens.

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The Whole Truth – Defending Against Claims That a Debtor Failed to Disclose in Bankruptcy Court

Jimerson Firm

The Bankruptcy Code provides debtors with a fresh start or an opportunity to reorganize their debts. In doing so, the Code requires all debtors to provide, under oath, a full disclosure of their assets and liabilities. This requirement promotes fairness to the debtor and its creditors by ensuring a complete and candid disclosure of assets to the trustee and the creditor body.

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Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Commercial Collections: When is it time to take action? The time to take action is now.

Collections Law

As a business owner, it doesn’t take long to become frustrated by unpaid invoices. They can disrupt your cash flow and undermine the health of your enterprise. Knowing when to take action in commercial collections is crucial. At Law Offices of Alan M. Cohen & Associates LLC, our aggressive commercial collections attorneys are ethical when it comes to making sure you get paid, but they are also relentless.

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Judge Dismisses FCRA Case Against CRAs Involving Bankruptcy & Disputes

Account Recovery

A District Court judge in Indiana has dismissed claims against one credit reporting agency and granted another a motion for summary judgment in a Fair Credit Reporting Act case involving credit reporting, disputes, and bankruptcy.

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CFPB Sues Student Loan Servicer PHEAA for Pursuing Borrowers for Loans Discharged in Bankruptcy

Consumer Finance

The CFPB sued student loan servicer Pennsylvania Higher Education Assistance Agency for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies.

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April saw surge in Company Insolvency says latest data

UK debt collections

The latest Insolvency Service figures for April 2024 show there was a startling rise in Company Insolvencies. England and Wales witnessed a significant rise in company insolvencies, marking an 18.4% increase from March 2024 and a 5.4% uptick compared to April 2023. The total number of registered business insolvencies for the month reached 2,177, comprising 300 compulsory liquidations , 1,715 creditors’ voluntary liquidations (CVLs), 144 administrations, and 18 company voluntary arrangement

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Transfer Portal: Sharing Files Securely is a Piece of Cake Now

NCBA Law Practice Management Blog

If you’re still sharing files with clients, referral sources and other attorneys, via email attachment – or, heaven forfend: fax! – you need to step up your game. Email is an inherently unsecure technology; so, if you’re sending confidential information via email, you need to secure that information, by encrypting it – at the document level, or at the system level.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

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Daily Digest – May 31. Suit Accuses Collector of Not Removing Debt From Credit Report After It Was Paid; Judge Dismisses FCRA Case Against CRAs Involving Bankruptcy & Disputes

Account Recovery

Suit Accuses Collector of Not Removing Debt From Credit Report After It Was Paid Judge Dismisses FCRA Case Against CRAs Involving Bankruptcy & Disputes Federal Student Aid Office to Get Overhaul as Search for Cordray’s Replacement Continues Some Cyberattacks Not Being Reported Because Execs Fear Getting Fired: Survey WORTH NOTING: It’s that time of year […]

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CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

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Business Credit and Loan Resources for LGBTQIA+ Business Owners

The Kaplan Group

Starting and running a business is seldom an easy-breezy endeavor. It’s something that requires a lot of grit, persistence, and unfortunately, capital. For members of the LGBTQIA+ community, these barriers are often compounded. According to the National Gay & Lesbian Chamber of Commerce, the LGBTQIA+ community in the United States includes 1.4 million business owners , who collectively contribute more than a trillion dollars to the American economy.

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Sum Certain: Cashflow Projections Build Confidence for Lawyers

NCBA Law Practice Management Blog

Law firm revenue usually has an ebb & flow to it, especially when you talk about firms that rely on hourly billing. Most attorneys would probably say that their revenue is pretty unpredictable. The only problem with that thesis is that it’s not entirely true. Law firms can design some assumptions about what they’ll make by utilizing revenue projections.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Daily Digest – May 30. Getting to Know Shalon Bell of Frost-Arnett; California Appeals Court Upholds Ruling Against Defendant in FDCPA Case

Account Recovery

Getting to Know Shalon Bell of Frost-Arnett California Appeals Court Upholds Ruling Against Defendant in FDCPA Case SBT Raises $110M To Fund Growth and Expansion Rising Financial Wellness and Employee Benefits: Insights from a Workplace Benefits Report Haag Family Marks State’s 75th Anniversary with Significant Gift WORTH NOTING: Did you know there was such a […]

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Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

Consumer Finance

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

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How Can the Federal Interest Rate Increase Affect Your Money?

Sawin & Shea

The Federal Reserve determines interest rates that drive borrowing costs for businesses and consumers. The Fed understands monetary policy implications that keep the US economy in check. It determines whether to increase, decrease, or maintain interest rates. When the economy shows signs of inflation, the Fed may raise interest rates to reduce economic activity and prevent prices from rising too rapidly.

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CPE Program – Alternative Dispute Resolution (ADR) Clauses in Engagement Letters

FFGN COLLECT NY

Earn up to 1 CPE Credit* Program Description: Alternative Dispute Resolution (ADR) clauses in Engagement Letters: The ADR process, costs, fees, and financial impact when collecting accounting fees. Learning Objective: Participants will gain an understanding of the financial implications of Dispute Resolution (ADR) clauses in Engagement Letters and it’s impact on collection of firm receivables.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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California Appeals Court Upholds Ruling Against Defendant in FDCPA Case

Account Recovery

A recent ruling by the California Court of Appeal has upheld significant violations of the Fair Debt Collection Practices Act and California’s Unfair Competition Law by the defendant and related entities. The ruling has critical implications for collection practices, particularly those involving homeowner associations (HOAs).

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5 Ways to Transform Your Financial Strategy with QUALCO Data-Driven Decision Engine

Qualco

Data per meat es every aspect of financial operations in the modern financial sector , from customer transactions to credit records. This presents challenges and opportunities for financial institutions , who must navigate the data-rich environment to maintain their competitive advantage in the market. Analytics has emerged as a critical tool for the industry , enabling key players to extract valuable insights from the da ta at their disposal.

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FinTech Baropaper 2024: Financial health as a priority

On Guard

Download de fintech baropaper Getting an invoice paid still takes longer than thirty days As many as half of organisations (47%) currently have an average Days Sales Outstanding (DSO) of more than thirty days. Another 12% of companies even have to wait more than 40 days on average for invoices to be paid. This is according to the FinTech Barometer, the annual survey by credit management software specialist Onguard , for which 304 CFOs and finance professionals were surveyed.

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Federal Oversight of Consumer Debt Collection Continues

FFGN COLLECT NY

On May 16, the Supreme Court rejected a challenge that would affect the future of the Consumer Financial Protection Bureau (CFPB). Established in 2011, the CFPB protects consumers from predatory and irresponsible lenders in the financial sector. A group that includes banks, credit card companies, mortgage lenders, other financial companies, and debt collectors.

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10 Ways to Improve Payment Collections with Salesforce

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.

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Haag Family Marks State’s 75th Anniversary with Significant Gift

Account Recovery

(MADISON, Wis., May 29, 2024) – Marking the significant milestone of State Collection Service’s 75th Anniversary, the Haag family has contributed $75,000 to The River Food Pantry’s Recipe for Hope campaign. This campaign aims to raise funds for a new 32,500-square-foot facility and expanded food and meal programs.

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U.S. Home Prices Hit an All-Time High in April

Collection Industry News

The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes for sale hit a four-year high, but that’s partly because some houses are sitting stale on the market after being priced too high. 18% of homes for sale in April had a price cut, up from 12% in April 2023. San Jose and Rochester are hotter than other parts of the country; roughly three-quarters of homes that sold in those metros last month fetched more than their asking

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CFPB Demanda al Administrador de Préstamos PHEAA por Acosar a Prestatarios cuyos Préstamos Habían sido Descargados por Bancarrotas

Consumer Finance

CFPB demanda a Pennsylvania Higher Education Assistance Agency por cobrar préstamos que habían sido descargados por bancarrotas y por enviar información falsa.

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in April 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Prospective Client Conflicts Can Cost You Business Avoid Conflicts – April 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?