Sat.Dec 11, 2021 - Fri.Dec 17, 2021

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A Startup Guide to B2B Accounts Receivable and Collections

Enterprise Recovery

A new business takes time, dedication, and wearing lots of many hats. If you're growing your business and want to attract more capital, it's time to protect your cash flow. This free downloadable guide will help you discover how to prioritize your accounts receivable so you don't have to waste time chasing down payments. A Startup Guide to B2B Accounts Receivable and Collections.

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What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. Two important statutes for all businesses to be aware of are the Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA). This article discusses the similarities and differences between the FDCPA and the FCCPA.

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U.S. Congress Raises Debt Ceiling, Avoiding Default Until 2023

NACM

The House and Senate voted this morning to increase the federal debt ceiling by $2.5 trillion, allowing the U.S. government to avoid default until early 2023, according to government officials. The vote was made just hours before the deadline that the U.S. government risked breaching its debt limit, said Treasury Secretary Janet Yellen.Th.

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Judge Grants MTD on Remanded Case Over Lack of Standing

Account Recovery

A District Court judge in Ohio has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because claiming statutory damages is not enough of a concrete injury for the plaintiff to have standing to sue. A copy of the ruling in the case of Portnoy v. National Credit Systems can be … The post Judge Grants MTD on Remanded Case Over Lack of Standing appeared first on AccountsRecovery.net.

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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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Decentralized Finance (DeFi) is an Emerging Business Trend

Nexa Collect

DeFi is a collective term for financial products and services that are accessible to anyone who can use Ethereum over the internet. DeFi Apps are built on the Ethereum blockchain. List of contents. What is DeFi? What exactly is DeFi? What is so special about DeFi? Why do we need decentralized finance? What are the use cases of DeFi? What are the reasons underlying DeFi as an emerging business trend?

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The Property Line: Don’t Be Misled by These Myths About iBuyers

Nerd Wallet

IBuyers are one of the few true innovations to hit the real estate industry in recent years. Yet consumers haven’t fully embraced them because of misconceptions about how iBuyers work, and what types of problems they resolve for sellers and buyers. An iBuyer (for “instant buyer”) is a company that uses technology to make an. Holden Lewis writes for NerdWallet.

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Commercial Collection Agencies of America Gives Back

Account Recovery

December 15, 2021-Chicago-Commercial Collection Agencies of America announced that through its initiative, Commercial Collection Agencies of America Gives Back, a portion of the proceeds of its annual conference in Delray Beach, along with substantial donations from individual members, and a fleet of bicycles has been given to 4KIDS of South Florida.

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Will your cancer remission lead to aggressive medical collections?

Roths Child Law

Many patients develop a sort of tunnel vision after a diagnosis with cancer. The only thing that matters is achieving remission or having a scan done that shows they are cancer-free. They may suffer through painful treatments and months of chemotherapy to achieve remission. For many people, the victory lap after beating cancer gets cut short when financial reality comes calling.

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What are Deed Restrictions and When are They Enforceable?

Jimerson Firm

As a real estate attorney, I’m often approached by clients purchasing a new property that are concerned with deed restrictions. They first want to know what deed restrictions (also known as covenants and restrictions) are, and second, they want to know whether such deed restrictions can be circumvented. These are great questions to ask prior to closing, as it is always advisable to know about any restrictions on the property you are looking to purchase before you close.

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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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How the Government's Response to Inflation Could Help Savers

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Inflation has been surging worldwide for months, and it’s impacting prices of nearly everything, from gas to Oreos. Wednesday, the Federal Reserve announced steps to take action.

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Getting to Know Gwen Gullicksen of Sentry Credit

Account Recovery

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 Gwen Gullicksen

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What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. You may be an accountant brought in to do work for several related companies and asked to handle the officer’s personal tax work.

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South Carolina Business License Reforms Go Into Effect January 1, 2022

Burr Forman

South Carolina businesses have historically been subject to business license taxes on their gross income that vary widely from jurisdiction to jurisdiction. The South Carolina Business License Tax Standardization Act (the “Act”) was enacted in 2020, but the effective date was generally delayed until January 1, 2022. The Act should greatly simplify the previous complex and burdensome state business license tax regime.

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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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Your Holiday Gifts Still Haven’t Arrived. Now What?

Nerd Wallet

You placed an order last week and still haven’t received the shipping confirmation. Or maybe the package is in transit, but its location hasn’t been updated in days. The supply chain issues that experts warned us about heading into the holiday shopping season have materialized. There’s a real possibility that your gifts won’t arrive in. Lauren Schwahn writes for NerdWallet.

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CFPB Opens Inquiry into Buy Now Pay Later Offerings

Account Recovery

The Consumer Financial Protection Bureau announced yesterday that it is shining its regulatory spotlight on a growing form of credit in the financial services industry — Buy Now Pay Later (BNPL) companies — and sent inquiries to five of the major providers asking for information “to illuminate the range of these consumer credit products and … The post CFPB Opens Inquiry into Buy Now Pay Later Offerings appeared first on AccountsRecovery.net.

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Can I Transfer My Car Loan to Another Person?

Credit Corp

If you’re finding it hard to make ends meet, you might need to look at ways to reduce your expenses. One way to cut costs is to review your monthly outgoings. Can you lose a few recurring subscriptions, for instance, or eat at home more often? Can you transfer your car loan to another person and have them take over your car payments? We’ll begin this guide with a solid answer to the loan assumption question: can someone else assume your car loan , and if so, how do they do that?

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Thriving in Third Party Collection: An Interview With Bethany Robertson

PDC Flow

Like many people in accounts receivable, Bethany Robertson found her career path by accident – working part time for an agency during college. Now, Vice President, co-owner, and founder of Debt Recovery Solutions of Ohio, Inc, she runs a thriving collection agency of her own. As a long time customer of PDCflow, we wanted to highlight Robertson’s accomplishments, as well as the success her agency has experienced under her leadership.

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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?

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A Year-End Checklist to Make the Most of Retirement Savings

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older, here are some to.

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Daily Digest – December 17. Judge Grants MTD in Remanded Case Over Lack of Standing; CFPB Opens Inquiry Into BNPL

Account Recovery

JUDGE GRANTS MTD IN REMANDED CASE OVER LACK OF STANDING A District Court judge in Ohio has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because claiming statutory damages is not enough of a concrete injury for the plaintiff to have standing to sue. CFPB OPENS INQUIRY INTO BUY NOW … The post Daily Digest – December 17.

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What To Know About Getting Pre-Approved For A Car Loan

Better Credit Blog

If you’ve been considering buying a new car, but you’ve hesitated because you worry it will be expensive or the process of securing a loan will be too difficult, take heart. There are several steps you can take to get the best possible deal and make getting a loan, and eventually a car, a smoother process. One of the best steps you can take for yourself is to get pre-approved for an auto loan.

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3 critical things to know about wage garnishments

Albuquerque Law

In 2020, more than 4.5 million people across the United States had their wages garnished to pay debts. Wage garnishments are a common tactic creditors use to collect debts. In turn, they are also a common challenge that individuals already struggling with debt face. We have discussed the important aspects of New Mexico’s laws regarding wage garnishments in previous blog posts.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Smart Money Podcast: Countering Uncertainty, and Building Wealth Early

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about overcoming uncertainty in our present moment.

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Beam Software Backs RMAI 2022 Annual Conference with Gold Sponsorship

Account Recovery

December 15, 2021 (Sacramento, CA)?– Beam Software continues to invest in the receivables management industry through their gold sponsorship of the Receivables Management Association International (RMAI) Annual Conference, occurring February 7-10, 2022 in Las Vegas. The RMAI Annual Conference is the premier event for the receivables management industry, bringing together key participants including debt buying … The post Beam Software Backs RMAI 2022 Annual Conference with Gold Sponsorship

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FTC settlement bans phantom-debt collectors from industry

Public Citizen

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission. The FTC’s complaint against South Carolina-based National Landmark Logistics , filed in July 2020, alleged that the defendants in the case used robocalls to leave deceptive messages claiming consumers f

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Crackdown on rogue Directors who dissolve Companies to avoid Business Debts

UK debt collections

The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities. These new powers will extend the Insolvency Services ability to investigate and punish rogue directors who are found to be abusing the company dissolution process. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act will also help tackle directors dissolving companies to avoid repaying Government backed loans.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.