Taurus Collect
OCTOBER 30, 2023
Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health. It is in such circumstances that the expertise of business recovery specialists becomes invaluable.
True Accord
NOVEMBER 1, 2023
It’s hard to believe that the year is already winding down, but consumer debt certainly isn’t. And not having the right collection partner today can equate to missed recovery opportunities tomorrow. So what makes the end of the year such an important time to evaluate your current collections partner? Let’s take a look at some of the timely factors. Why Evaluate Your Collection Partner in Q4?
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On Guard
OCTOBER 31, 2023
Credit management, a term often associated with the finance department, turns out to be a dynamic process involving several departments within an organisation. Think sales, marketing, customer success and IT. The goal goes beyond making sure customers pay on time; it also includes maintaining and strengthening customer relationships. How do we achieve this ambitious goal?
Account Recovery
NOVEMBER 1, 2023
Being denied credit because of a negative item on a credit report is sufficient grounds for a plaintiff to have standing to sue, ruled a District Court judge in New York, but communicating information about an unpaid debt with the credit reporting agencies is not a violation of the Fair Debt Collection Practices Act, so […]
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
FFGN COLLECT NY
OCTOBER 31, 2023
Real estate is big business in New York. You don’t need to own property to make money either. As a supplier or service provider, selling to co-ops and condos can be very lucrative. Just like the real estate business, debt collection in New York is also nuanced and has its challenges, especially when collecting money from co-ops and condos. According to the New York City Department of Finance, there are 4,310 co-ops and 3,078 condos in New York City with a total of 347,515 units.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Credit Corp
NOVEMBER 2, 2023
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: While this card does offer some limited cash-back perks, its real purpose is as a credit-building card. If you have poor or bad credit and want a Visa you don’t need a security deposit for, this may be an option to consider.
Account Recovery
NOVEMBER 3, 2023
A plaintiff’s attorney was caught lying after filing an “ill-conceived and poorly researched motion for an improper purpose” and then failed to attend a hearing that he was told by the judge that he and his client needed to attend, leading the judge to order the attorney to pay a $1,000 fine and have all […]
PDC Flow
NOVEMBER 1, 2023
Time is money. This is especially true for financial transactions between companies, where delays cause significant losses and missed opportunities. By eliminating the hurdles of traditional payment methods, business-to-business Automated Clearing House (B2B ACH) payments create a swift, secure way to navigate modern business operations. Business to Business ACH Debit Transactions B2B ACH refers to electronic payments made through an automated clearing house network – these are often facilitated
UK debt collections
NOVEMBER 2, 2023
Late payments are a quiet, yet powerful economic disruptor. Whilst they impact businesses of all sizes, studies have shown small and medium enterprises (SMEs) and freelancers are particularly at risk, with the impact of late payments leading to extreme financial instability, debt and even closing down. Freelancers are very often self employed or small one man businesses.
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.
Credit Corp
OCTOBER 31, 2023
Snapshot: The Secured Chime Credit Builder Visa® Credit Card 1 doesn’t have interest 4 or an annual fee, which makes it a great credit-building 2 option. You’ll have to open a Chime checking account and receive a qualifying direct deposit in order to apply. Pros Cons No annual fee. You can’t apply without a Chime checking account. No interest 4 You have to secure your credit limit with a deposit.
Account Recovery
NOVEMBER 3, 2023
Suit Accuses Collector of Ignoring Communication Channel Request, Demand Not to Verify Debt Judge Sanctions, Fines Plaintiff’s Lawyer Revenue Up at Encore as Company on Debt Buying, Hiring Sprees The Impact of Medical Debt on Consumers WORTH NOTING: With Daylight Savings Time ending this weekend, the political debate over whether to keep it or not […]
Consumer Finance
NOVEMBER 2, 2023
The economic and psychological damage inflicted by a crisis can linger for many years, and most people will not receive the type of extraordinary government assistance that large financial firms tend to receive.
Troutman Sanders
NOVEMBER 3, 2023
On November 1, New York Governor Kathy Hochul announced that the state’s Department of Financial Services (NY DFS) has amended its Cybersecurity Regulations to “enhance cyber governance, mitigate risks, and protect New York businesses and consumers from cyber threats.” According to the NY DFS, key changes in the regulations include: enhanced governance requirements; additional controls to prevent unauthorized access to information systems and mitigate the spread of an attack; requirements for m
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.
Credit Corp
NOVEMBER 1, 2023
If you feel that your cost for health insurance is too high, you’re definitely not alone: A recent analysis from the National Health Interview Survey (NHIS) found that 7% of Americans did not have health insurance in the first three months of 2023. To help offset the costs and help Americans avoid crippling medical debt , the federal government offers tax relief for those with high-deductible plans if they choose to open a Health Savings Account to set aside funds to pay for medical costs.
Account Recovery
NOVEMBER 3, 2023
Renkim Corporation is thrilled to announce the strategic addition of four seasoned professionals to its technology team, underscoring the company’s commitment to innovation and digital transformation. Thomas Horrom Joins as Chief Information Officer (CIO)Renkim Corporation proudly welcomes Thomas Horrom as the new Chief Information Officer (CIO).
UK debt collections
OCTOBER 30, 2023
The number of insolvent restaurant companies is increasing week on week it has been reported. In new data, it has been revealed that the number of insolvent restaurant companies has has risen by 46% in the past year. The total increased from 1,517 in 2021/22 to 2,214 in 2022/23, amid rising costs of servicing debt and the squeeze on consumer spending, according to advisory firm Mazars.
NCBA Law Practice Management Blog
OCTOBER 29, 2023
Contingency firms scratch a bunch of lottery tickets, and sometimes get a (big) hit. I mean, it’s a little better than the lottery, because there is some skill involved; but, it is a lottery. So, when that endorphin rush of a big hit, um. hits – it’s easy to just plow that money into a new Maserati. But, you have other obligations , as well. The best strategy to employ, then, is to create a payoff sheet for settlements.
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!
Troutman Sanders
NOVEMBER 2, 2023
Join Troutman Pepper Partner Chris Willis and his colleagues Joe Reilly and Chris Capurso as they discuss the impact of state licensing laws on the consumer financial services industry. They tackle topics such as: When did licensing start and how did it grow into what it is today; Which entities are required to have a license and what happens if they engage in an activity that requires a license they do not have; What are the licensing requirements for various consumer lenders and nonlenders; Do
Account Recovery
NOVEMBER 2, 2023
The bad news: Yet another District Court judge has ruled that there is no safe harbor from a violation of the Fair Debt Collection Practices Act when using the Model Validation Notice. The good news: Sending a Model Validation Notice without a date is not a violation of the FDCPA, that judge has ruled.
Jimerson Firm
NOVEMBER 2, 2023
In Florida, significant changes to insurance regulations have taken effect as of December 2022, with the implementation of Senate Bill 2A. This comprehensive bill addresses several critical areas, including flood coverage disclosure, assignment of benefits, prompt pay laws, and, notably, mandatory binding arbitration limitations for insurance claims.
NCBA Law Practice Management Blog
OCTOBER 29, 2023
Law firms lack structure, generally; and, that’s also true of how they compensate their lawyers, beyond their salaries. And, that’s maybe the most dangerous game to be playing in the current hiring environment – because, if you can’t keep your current staff happy, they’re more likely to be able to find an alternate position, easier and faster than they ever have before.
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.
Troutman Sanders
NOVEMBER 2, 2023
As discussed here , on August 1, the two major national credit union trade associations — the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA) — announced plans to merge and create a new organization called America’s Credit Unions. Today, CUNA announced that the organizations’ members voted overwhelmingly (94% of CUNA members and 86% of NAFCU members) in favor of the merger.
Account Recovery
NOVEMBER 2, 2023
Getting to Know John Russo of Stenger Law Judge Denies MVN Safe Harbor, But Rules Undated MVN Doesn’t Violate FDCPA OCC Updates Exam Procedures, Guidance for TCPA Compliance NY DFS Bolsters Cybersecurity Regulation Williams & Fudge, Inc.
Sawin & Shea
NOVEMBER 1, 2023
Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. In fact, medical debt is one of the most common types of debt reported on consumer credit reports. According to the Consumer Financial Protection Bureau, consumer credit reports show $88 billion in medical debt as of June 2021. However, it is expected that medical debts are much higher since not all medical debts are furnished to consumer reporting agencies.
Taurus Collect
OCTOBER 30, 2023
Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. What if there was a way to ensure you’re not spending resources without results? Welcome to the world of “ No Collection, No Fee Debt Collection ” – a strategy that puts your business first.
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
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