Collections Law

MAY 10, 2022

When it comes to collecting commercial debt, you have many options. The best path for your situation may depend on several factors. The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have been helping businesses successfully collect outstanding debt since 1994. The first major question we must ask is whether we will pursue an attachment to the debtors assets before we have a judgment from the court, known as a prejudgment attachment.

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Albuquerque Law

MAY 10, 2022

Dealing with debt and financial issues can feel very isolating. You might feel like the only person struggling as you try to escape the pressures of debt. This isolation can make it seem like debt is not a common issue, or that bankruptcy is not a common solution. Is that true? What do the statistics say? Bankruptcy is more common than many people might believe.

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Bankruptcy 75

Nerd Wallet

MAY 11, 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Beginner and experienced investors are navigating an uncertain investing environment affected by inflation, war and a pandemic.

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Education 85

Account Recovery

MAY 13, 2022

PANEL ASSESSES IMPACT OF INFLATION AND RECESSION ON ARM INDUSTRY There’s beauty in finding connections that you didn’t know existed. There is the chaos theory analogy, for example, of a butterfly flapping its wings in Central Park, which is why it starts raining across the world in China. You never know the domino effect that … The post Daily Digest – May 13.

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Collections 246

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.

Enterprise Recovery

MAY 13, 2022

Commercial credit analysis evaluates corporations to determine if they can pay their financial obligations. Although this is pre-engagement and on the front end of the A/R and collection process, it’s still an important part of any B2B accounting process. To help reduce delinquencies and bad debt write-offs, businesses should put focus on the front-end credit analysis process prior to contracting with a new client.

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Collections 195

Nerd Wallet

MAY 12, 2022

What is a budget planner? A successful budget planner helps you decide how to best spend your money while avoiding or reducing debt. NerdWallet recommends the 50/30/20 budget, which suggests that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment. Create a budget plan that works for you The best. Lauren Schwahn writes for NerdWallet.

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Account Recovery

MAY 13, 2022

A collection agency’s involvement in a federal pay-to-play scandal has cost it an additional $25,000 after entering into a consent order with the Massachusetts Division of Banks. Penn Credit will pay the administrative penalty after notifying the regulator that its Chief Executive, Don Donagher, had pleaded guilty to felony charges of corruptly giving something of … The post Mass.

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Public Citizen

MAY 13, 2022

by Paul Alan Levy. The effort by the Watch Tower Bible and Tract Society (a/k/a Jehovah’s Witnesses) to identify a dissident member, "Kevin McFree ," through a spurious claim of copyright infringement has ended with a whimper rather than a bang as Watch Tower agreed to dismiss its copyright lawsuit with prejudice to avoid a possible claim for attorney fees.

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Consumer Finance

MAY 9, 2022

Today, the Consumer Financial Protection Bureau (CFPB) published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA)—a landmark federal civil rights law protecting individuals and businesses against discrimination in accessing and using credit—bars lenders from discriminating against customers after they have received a loan, not just during the application process.

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Collections

Nerd Wallet

MAY 11, 2022

For those among us who like a tipple after takeoff, consider this a sign that the world is healing: Many airlines are resuming in-flight meals and alcohol service. Early on in the pandemic, many airlines completely cut in-flight refreshment offerings (aside from perhaps a hasty water bottle delivery). Slowly but surely, airlines are reintroducing the.

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Account Recovery

MAY 12, 2022

A District Court judge in New York has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act class action case, determining that the plaintiff lacked standing to sue because he did not suffer a concrete injury after alleging the defendant violated the statute by sending a collection letter to the … The post Judge Grants Defendant’s MSJ in FDCPA Class Action Over Creditor ID in Letter appeared first on AccountsRecovery.net.

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Creditors Fair Debt Collection Judgment Collections 246

Collections Law

MAY 11, 2022

When someone owes you money, the law provides several ways for you to collect on the debt. A court may issue you a writ of execution to allow you to collect certain property from your debtor in order to satisfy the debt. At Law Offices of Alan M. Cohen LLC, our experienced commercial collection attorneys have helped many clients execute writs over the years in order to collect on a debt.

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Roths Child Law

MAY 11, 2022

When you look at your financial situation and all you’ve done to try to correct it, you do feel like bankruptcy may be your only option. If you’re holding off on bankruptcy because you’re worried about who will be able to find out about it, then that might not be a good reason to do so. Realistically, while bankruptcies are public record, you probably won’t have to worry about people finding out about your financial situation.

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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.

Collections

Nerd Wallet

MAY 11, 2022

A partnership is the default business structure for a company with multiple owners. In a partnership, co-owners report their share of the business’s income and losses on their personal tax returns. A corporation, which is formed by filing articles of incorporation, is a legally separate business entity owned by shareholders. An elected board and board-appointed officers manage.

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Account Recovery

MAY 13, 2022

A company that bills itself as a negotiating service between consumers and banks and credit card companies has raised $12 million in Series A funding to fix the problem of paying bills, a process that the company says is “fundamentally broken” in the United States. The company, called Cushion, “reimagines the bill payment experience as … The post Bill Pay Fintech Raises $12M to Expand Operation appeared first on AccountsRecovery.net.

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Banks 246

UK debt collections

MAY 11, 2022

The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners according to FSB findings. In a survey by the Federation of Small Businesses (FSB) of 1,000 Business owners, 34% of Small Business Owners stated that their mental health had suffered over the duration of the pandemic.

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Fraser

MAY 12, 2022

Citing safety concerns and the lack of scientific and public health data, on April 15, 2022, the Michigan Cannabis Regulatory Agency (CRA) dropped its plan to allow hemp to be synthetically converted to THC. The decision was handed down just days after the regulatory body was renamed from the Marijuana Regulatory Agency and assumed authority over hemp-derived products, pursuant to Governor Whitmer’s Executive Order No. 2022-1.

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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

Nerd Wallet

MAY 10, 2022

A business plan can improve your chances of being approved for a loan by helping to persuade lenders that your business is worth investing in and that you have the ability to repay the loan. Many lenders will ask that you include a business plan along with other documents when submitting your loan application. When. Lisa Anthony writes for NerdWallet.

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Loans Lender 93

Account Recovery

MAY 12, 2022

The Consumer Financial Protection Bureau yesterday announced the completion of an enforcement order against a pair of payment processing companies that worked with debt relief organizations — as well as the owners of the companies — ordering the defendants to pay $11 million in restitution to consumers and fines. The companies — RAM Payment and … The post CFPB Assesses $11M in Fines to Payment-Processing Companies and Their Owners for Role in Debt Relief Scam appeared fir

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Better Credit Blog

MAY 11, 2022

43.2 million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. If you’re reading this, chances are that’s you. Even with the recent White House announcement that the pause on student loan repayment, interest, and collections will extend until May 1, 2022, millions of people struggle with the amount of debt they owe from attending college.

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Student loans Student Loans Loans Lender 71

Troutman Sanders

MAY 10, 2022

On May 3, the New York State Senate passed S5473D (Bill), which will apply immediately in all actions “in which a final judgment of foreclosure and sale has not been enforced.” ( See S5473D at Section 10.) This means that the new law applies retroactively, affecting future foreclosure actions and existing foreclosures, including those in which a judgment of foreclosure and sale has been entered, but the auction has not yet occurred.

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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

Nerd Wallet

MAY 12, 2022

In the increasingly crowded market of cash-back credit cards, two popular cards stand out from the pack. The Chase Freedom Unlimited® and the Citi® Double Cash Card – 18 month BT offer both offer solid cash-back earnings, and neither card charges an annual fee. Chase Freedom Unlimited®: 1.5% back on purchases, with extra cash back. Gregory Karp writes for NerdWallet.

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Account Recovery

MAY 10, 2022

Decreasing supply of portfolios available to be purchased led to a marked drop in the amount of portfolio purchases by PRA Group in the first quarter of 2022, according to financials released by the company yesterday, while company Chief Executive Kevin Stephenson noted that, “if history teaches us a simple lesson, more is coming,” during … The post Portfolio Supply Remains Low, But Higher Default Rates are on the Horizon: PRA Group CEO appeared first on AccountsRecovery.net.

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Debt Buying 246

Fico Collections

MAY 12, 2022

Meet Digital Jane, She’s Your Customer and She Has High Expectations. FICO. Thu, 05/12/2022 - 22:39. Meet Jane. Jane is 28-year-old woman sharing an apartment in the big city with friends. She uses her mobile phone to conduct a lot of her day-to-day life, including connecting with friends, making purchases, checking her bank account, and even buying a new car.

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Financial Institution Banks 52

Collections Law

MAY 12, 2022

If you have a customer who has not paid their bill, you might be wondering how long you have to collect on it. Perhaps you have tried to collect on your own to no avail and you are wondering what steps you should take next. At Law Offices of Alan M. Cohen LLC, our experienced collection attorneys have been helping businesses resolve outstanding debts since 1994.

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Collections Judgment Debtor Commercial Collection 52

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