Optio Solutions

MARCH 19, 2024

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.

Collection Agencies 105

Collection Agencies Collections Agency Debt Recovery Collections 105

JMA

MARCH 21, 2024

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.

Debt Management 52

Debt Management 52

Account Recovery

MARCH 22, 2024

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

JMA

MARCH 21, 2024

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.

Debt Recovery 52

Debt Recovery Legal Rights Collections Collection Agencies 52

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.

Account Recovery

MARCH 18, 2024

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

Roths Child Law

MARCH 17, 2024

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.

Bankruptcy 98

Bankruptcy Healthcare Loans 98

Consumer Finance

MARCH 17, 2024

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

90

90

Account Recovery

MARCH 22, 2024

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

NCBA Law Practice Management Blog

MARCH 22, 2024

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

Lawyers Law Firms Creditors 59

Advertisement

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.

Collections

Jimerson Firm

MARCH 21, 2024

It is not uncommon for residential tenants to find themselves at a disadvantage when entering a lease agreement and renting residential property from a landlord. Often, the tenant is not sophisticated in real estate law or the relevant laws of the jurisdiction governing landlords and tenants. Additionally, in the past, landlords were not prohibited from discriminating against certain minorities or protected classes of people when leasing their property, which compounded these problems.

Lender 59

Lender Government 59

Consumer Finance

MARCH 20, 2024

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

Banks 87

Banks 87

Account Recovery

MARCH 22, 2024

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

Banks Healthcare Collections 147

Hudson Weir

MARCH 22, 2024

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.

Creditors 52

Creditors Trade Loans Government 52

Advertisement

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

Jimerson Firm

MARCH 19, 2024

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

Banks Collections 59

Collections Law

MARCH 21, 2024

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.

Debt Recovery 52

Debt Recovery Commercial Collection Debtor Judgment 52

Account Recovery

MARCH 21, 2024

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.

Collection Agencies 147

Collection Agencies Collections Agency Collections 147

FFGN COLLECT NY

MARCH 21, 2024

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

Lender Judgment Loans Collections 52

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

Sawin & Shea

MARCH 20, 2024

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.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Collections Law

MARCH 19, 2024

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.

Collections 52

Collections Judgment Debtor Commercial Collection 52

Account Recovery

MARCH 20, 2024

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.

Collections 147

Collections Student loans Student Loans Loans 147

Troutman Sanders

MARCH 18, 2024

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

Banks Financial Institution 52

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

NCBA Law Practice Management Blog

MARCH 17, 2024

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.

Law Firms 52

Law Firms Lawyers Creditors 52

Collection Industry News

MARCH 22, 2024

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.

Student loans 40

Student loans Student Loans Loans Education 40

Account Recovery

MARCH 20, 2024

Appeals Court Upholds Ruling in CFPB Debt Collection Case Virginia Appeals Court Grants En Banc Rehearing in Debt Buying Case Appeals Court Dismisses Hunstein Copycat for Lack of Standing 25 Companies Seeking Collection Talent WORTH NOTING: Today is International Day of Happiness, so photographers were asked if pictures can make us happy … The 10 […]

Debt Buying 147

Debt Buying Collections 147

Troutman Sanders

MARCH 18, 2024

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.

Credit Unions 52

Credit Unions Credit Unions Banks Debt collector 52

Advertisement

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.

Collections