Sat.Mar 16, 2024 - Fri.Mar 22, 2024

article thumbnail

The Role of Collection Agencies in Business Debt Recovery

Optio Solutions

Compliance and Brand Protection: A Moving Target Reputable collection agencies specialize in navigating the ever-changing landscape of debt collection regulations. While the Fair Debt Collection Practices Act (FDCPA) sets a national baseline, many states have additional regulations that can be complex and constantly evolving. Keeping up with these changes internally can be a significant burden… The post The Role of Collection Agencies in Business Debt Recovery appeared first on Optio.

article thumbnail

An Essential Guide to Small Business Debt Management Australia

JMA

Managing debt is a top concern for Australian small business owners. And in this guide, we get straight to the point: offering real-world solutions for small business debt management Australia. Expect to find actionable steps, necessary legal know-how, and tools that fit the Australian economic landscape—enabling you to steer clear of debt and towards business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fewer People Paying in Full

Account Recovery

Is the era of paying for things in full at once dying? Should collection agencies stop asking consumers to pay the balance of a debt in full? It might be worth considering, thanks in part to the growing popularity of Buy Now, Pay Later plans and increasing usage of split payments.

article thumbnail

Navigate Debt Recovery with Confidence: Your Guide to Debt Collection Queensland

JMA

Are you facing the challenge of collecting a business debt in Queensland? In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. We give you actionable insights and clear, no-nonsense advice to.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Bills Introduced in House, Senate to Lower Workweek to 32 Hours

Account Recovery

A bill has been introduced in both chambers of Congress that would mandate a 32-hour workweek — with no corresponding loss in pay — for full-time workers in the United States, as a means of allowing employees to share in productivity gains that technology has created over the past several decades.

244
244

More Trending

article thumbnail

Unexpected medical costs can lead to a need for bankruptcy

Roths Child Law

Some people think of their health insurance as an assurance that they won’t ever have to face exorbitant medical care expenses. Unfortunately, catastrophic health conditions can quickly result in thousands of dollars in medical expenses, even for those who have insurance. People who are facing healthcare costs that are so high they can’t conceivably pay their bills may realize they have to do something before they drown in debt.

article thumbnail

Submission of CFPB Director Rohit Chopra to the Appraisal Subcommittee Regarding Oversight of the Appraisal Foundation

Consumer Finance

On March 8, 2024, CFPB Director Rohit Chopra submitted a comment to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation.

91
article thumbnail

Daily Digest – March 22. Suit Accuses Collector of Sending Text One Day After Plaintiff Opted Out; Appeals Court Overturns Ruling in FDCPA Case, Says Plaintiff Lacked Standing

Account Recovery

Suit Accuses Collector of Sending Text One Day After Plaintiff Opted Out Appeals Court Overturns Ruling in FDCPA Case, Says Plaintiff Lacked Standing Senators Encourage CFPB to Move Forward with Medical Debt Protections Fewer People Paying in Full WORTH NOTING: Tonight’s Mega Millions jackpot is nearly $1 billion.

147
147
article thumbnail

The Main Event: Three Important Calendar Management Tips for Lawyers

NCBA Law Practice Management Blog

Most attorneys should probably be ruled by their calendars, with law practices running on deadlines. That’s especially true for litigation firms, which take direction from court rules and judges about when and how things get done. Of course, the problem with just taking a final deadline, and dropping that onto the calendar ( like: attend a hearing, send a document), is that you’re usually left just triaging everything , at the very last minute.

Lawyers 59
article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

Data Breach Class Action Defense – Understanding and Minimizing Tort Liability

Jimerson Firm

Florida businesses that collect substantial amounts of consumer data are often targeted by nefarious actors who seek to compromise confidential information that may be valuable for sale to those who aim to commit identity fraud. The resulting data breaches often lead to class action lawsuits. Data breaches and privacy litigation are increasing as businesses leverage technology and collect big data on their customers, clients, and patients.

Banks 59
article thumbnail

Prepared Remarks of CFPB Director Rohit Chopra at the Peterson Institute for International Economics Event on Revitalizing Bank Merger Review

Consumer Finance

Director Chopra provided remarks at the Peterson Institute for International Economics on ways to improve the rigor of bank merger review.

Banks 88
article thumbnail

Senators Encourage CFPB to Move Forward with Medical Debt Protections

Account Recovery

A group of 10 Senate Democrats, led by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, have sent a letter to the director of the Consumer Financial Protection Bureau encouraging the regulator to move forward with its proposed rule that would remove medical debts from consumers’ credit reports.

Banks 147
article thumbnail

Business Recovery: Options For Insolvent Businesses

Hudson Weir

If your company is struggling financially, it helps to have a broad understanding of the different business recovery options that are potentially available. But if your business needs urgent support, seek the support of experienced insolvency practitioners without delay. The total number of company insolvencies in 2023 was 25,158, the highest number since the year 1993 and 14% higher than 2022, according to The Gazette.

article thumbnail

Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

article thumbnail

Maximize the chances for debt recovery with a keeper attachment

Collections Law

Navigating the complexities of debt collection is an endeavor, even for larger Massachusetts businesses. At Law Offices of Alan M. Cohen & Associates LLC, our commercial litigation attorneys have more than 50 years of collective experience in commercial debt collection. Our success is directly related to our relentless, effective, yet ethical, collection strategies.

article thumbnail

WIll New York Bar MCA Lender Yellowstone Capital and Subs from New York?

FFGN COLLECT NY

On March 5, 2024, New York State Attorney General Letitia James filed a lawsuit against Yellowstone Capital, a merchant cash advance company, for orchestrating a predatory lending scheme. The lawsuit also names Yellowstone’s founders individually, and 30 other subsidiaries and officers. The petition alleges Yellowstone exploits small businesses through fraudulent loans at “sky-high interest rates” disguised as merchant cash advances.

Lender 52
article thumbnail

Daily Digest – March 21. Getting to Know Neil Mastellone of Velo Law; Judge Orders Collector to Pay $1.2M in Fines, Costs In Suit Brought by Washington AG

Account Recovery

Getting to Know Neil Mastellone of Velo Law Judge Orders Collector to Pay $1.2M in Fines, Costs In Suit Brought by Washington AG Mass.

article thumbnail

Tax Attorney vs Bankruptcy Attorney: What’s the Difference?

Sawin & Shea

When you have bills piling up and you’re dealing with notices from the Internal Revenue Service (IRS), it’s time to contact an attorney to learn more about your options. You may be wondering whether you should opt for a tax attorney or a bankruptcy attorney. This page addresses the most common questions about selecting the right attorney to help you address your tax problems and other financial concerns.

article thumbnail

Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

Utilizing ex parte attachments for Massachusetts commercial debt collection

Collections Law

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. Cohen & Associates LLC, our experienced, relentless and innovative commercial debt collection attorneys have over 50 years of collective experience.

article thumbnail

CFPB Director Chopra Delivers Remarks on Standard-Setting for Open Banking

Troutman Sanders

In a recent speech at the Financial Data Exchange Global Summit, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), discussed the current state of open banking in the United States and emphasized the importance of standard-setting organizations in the transition. He noted that these organizations play a crucial role in ensuring that the system is open and interoperable but warned against the potential of standard-setting to be used in an anti-competitive manner to benefit

Banks 52
article thumbnail

Judge Orders Collector to Pay $1.2M in Fines, Costs In Suit Brought by Washington AG

Account Recovery

A judge in Washington has ordered a collection agency that was sued by the state Attorney General to pay $1.2 million in fees and fines after being found to have violated the state’s Consumer Protection Act when it collected payments from patients without providing them information about the existence of financial assistance programs.

article thumbnail

Smart Move: Business Intelligence Is All Around Us

NCBA Law Practice Management Blog

For B2C lawyers, understanding their clients and the industries in which their clients participate , is essential for being able to convert leads and manage the attorney-client relationship. The good news is that business intelligence information is more readily available tha n ever before. It’s simply a matter of making the effort : to find it, and analyze it.

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Biden touts ‘fixed’ student loan forgiveness programs in State of the Union. Here’s what he meant

Collection Industry News

In his State of the Union address Thursday night, President Joe Biden talked up his administration’s work to forgive the student debt of nearly 4 million people. “When I was told I couldn’t universally just change the way in which we dealt with student loans,” Biden said, “I fixed two student loan programs that already existed to reduce the burden of student debt for nearly 4 million Americans, including nurses, firefighters and others in public service.

article thumbnail

Wisconsin Legislature Passes Earned Wage Access Bill

Troutman Sanders

On February 20, the Wisconsin Senate passed House Bill (HB) 574 to regulate earned wage access (EWA) products and services. HB 574 creates a new chapter to the Wisconsin Statutes that requires EWA providers to be licensed by the Division of Banking and imposes substantive and disclosure rules. HB 574 expressly exempts EWA offered by licensees under the new law from the licensed loan company provisions in Wis.

article thumbnail

Appeals Court Upholds Ruling in CFPB Debt Collection Case

Account Recovery

The Court of Appeals for the Third Circuit yesterday affirmed that trusts are covered persons and subject to the provisions of the Consumer Financial Protection Act and that the Consumer Financial Protection Bureau did not have to ratify this action before the statute of limitations expired in an interlocutory appeal.

article thumbnail

Contest Avoidance:  A Probate Litigator’s Tips for Estate Planners

McLane

This article was originally published in the March 20, 2024 edition of the New Hampshire Bar News You are on the witness stand in the Probate Court in a will or trust contest, your right hand raised as you get sworn in, readying to testify about a will or trust you prepared decades ago. Your paralegals or administrative support team who attested to your client’s signature have little-to-no memory or, worse, have long retired or moved away, leaving you as the sole witness who can speak to the cl

40
article thumbnail

Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv