Enterprise Recovery
SEPTEMBER 6, 2024
Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.
Consumer Finance
SEPTEMBER 4, 2024
The CFPB today issued its annual report on debt collection, which highlights aggressive and illegal practices in the collection of medical debt and rental debt.
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Account Recovery
SEPTEMBER 6, 2024
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!
UK debt collections
SEPTEMBER 2, 2024
New research by Upflow has found that over half of outstanding invoices (57%) are late, with a third of invoices (33%) taking longer than 90 days to be paid. Upflow says that throughout several industries, there is a worrying trend that if outstanding invoices are not paid on-time or within the first 30 days of becoming overdue, they have a high chance of still being outstanding 90+ days after the due date.
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.
Taurus Collect
SEPTEMBER 2, 2024
Debt collection often carries a negative connotation, but it doesn’t have to be that way. The art of ethical debt collection focuses on understanding the situation of those who owe money while still balancing the needs of the business. In this blog post, we’ll explore how companies can implement no fee debt collection practices that respect the dignity of individuals facing financial difficulties.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
SEPTEMBER 6, 2024
A District Court judge in Missouri has partially dismissed a Fair Debt Collection Practices Act lawsuit against a collection attorney, leaving only one claim to proceed while dismissing others. The background: The case stems from a debt collection action related to unpaid homeowner association dues. The plaintiff owed $234 in fees to an HOA for a property in Missouri.
Hudson Weir
SEPTEMBER 4, 2024
For company directors navigating the off-payroll working rules, a common question is – what does inside IR35 mean exactly? IR35 stands for the Inland Revenue press release number 35, issued by what is now HMRC back in 1999 as part of that year’s budget. It came into force the following year and the government incorporated the full Intermediaries Legislation into the Income Tax (Earnings and Pensions) Act 2003.
UK debt collections
SEPTEMBER 6, 2024
A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year. New findings following a Freedom of Information Request revealed Warrington Borough Council sent 6,432 debts to bailiffs in 2022/23 – although the council says this was due to a backlog after suspending debt recovery for a three-year period during the pandemic.
Payment Savvy
SEPTEMBER 5, 2024
The financial industry has changed significantly over the years to adapt to the fast-pacing and extremely technologically advanced world of today. Everything we do, from buying coffee to paying rent and utility bills, has made technology a part of the process. This junction of finance and technology is often called “fintech.” But what is fintech?
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.
Account Recovery
SEPTEMBER 6, 2024
The Consumer Financial Protection Bureau yesterday released its annual report on debt collection, focusing on two critical areas: medical and rental debt. The report sheds light on what the CFPB describes as the “aggressive and illegal” practices undertaken by collectors, such as attempting to collect on debts that have already been satisfied by financial assistance programs.
Taurus Collect
SEPTEMBER 2, 2024
Debt collection can seem daunting, both for the collector and the debtor. However, understanding the process and using the right techniques can make it much smoother. If you’re facing challenges in collecting debts, you’re not alone. Many businesses struggle with this. Thankfully, there are effective strategies you can apply to improve your success rate.
NCBA Law Practice Management Blog
AUGUST 31, 2024
Lawyers generally work really hard for their clients, to turn around work product. And then, they wait. and, wait. and, wait: to get paid. That’s largely because, while attorneys have been able to build out most of the payment process, the last part – you know, the part where the law firm actually gets paid – is still most ly entirely dependent on the client.
Payment Savvy
SEPTEMBER 5, 2024
You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACH deposit? It’s a way to move money directly from one bank account to another without using paper checks, credit cards, or cash. ACH direct deposits are common.
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.
Account Recovery
SEPTEMBER 6, 2024
Sedric AI, a fast-growing player in the AI-driven compliance space for financial institutions, has raised $18.5 million in its latest funding round, marking a significant milestone for the company. The Series A round, led by Foundation Capital with backing from Amex Ventures, StageOne Ventures, and The Garage, brings Sedric’s total capital raised to $22 million.
Collection Industry News
SEPTEMBER 2, 2024
The Fair Debt Collection Practices Act (FDCPA) serves as a foundational piece of legislation protecting consumers from abusive debt collection practices. This blog post outlines key elements of the FDCPA, covering crucial sections such as communication guidelines, legal limitations, and consumer rights. It provides a clear and actionable understanding for businesses and financial managers to maintain compliance while building trust and professionalism in their debt recovery efforts.
NCBA Law Practice Management Blog
AUGUST 31, 2024
Perhaps the most common method for communicating in a business context is via video conferencing. But, whether you’re web conferencing at the office, or at home – there’s always the potential for unwanted sounds, to distract you, or others. The good news is that there’s a lot you can do, to reduce those disturbances, so that your web conferencing environment is nearly soundproof.
Account Recovery
SEPTEMBER 6, 2024
Suit Accuses Collector of Reporting Wrong Condition Code on Disputed Debt Judge Dismisses 2 of 3 Claims in FDCPA Suit Over HOA Debt Sedric AI Raises $18.5M to Help Expand Company CFPB Releases Annual Report on Debt Collection WORTH NOTING: How humpback whales use bubbles to make their own kinds of fishing nets … Maybe take a few minutes this weekend and go through your change jar … Why companies are worried about having so many members of Generation Z in the workplace … The mos
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!
Account Recovery
SEPTEMBER 5, 2024
A District Court judge in Pennsylvania has granted a plaintiff’s motion to certify a class action in a Fair Debt Collection Practices Act suit where the defendant was accused of sending text messages to the plaintiff after the plaintiff allegedly opted out of receiving texts. The background: The plaintiff filed the lawsuit after receiving text messages from the defendant despite following instructions to opt out.
Account Recovery
SEPTEMBER 5, 2024
WARMINSTER, Pa., Sept. 04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solution
Account Recovery
SEPTEMBER 5, 2024
If you are curious what parts of the country are doing better — or worse — financially than others, or if you are looking for a data source to help you develop collection strategies, the Census Bureau’s Household Pulse Survey might be worth a look. For example, the survey includes data on individuals who are having difficulty paying for household expenses, and breaks it down on a state-by-state and metropolitan statistical area basis.
Account Recovery
SEPTEMBER 5, 2024
Getting to Know Michael McCormick of State Collection Service Judge Certifies Class in FDCPA Text Opt-Out Case Republican AGs File Another Lawsuit to Block Student Loan Debt Forgiveness The States Where Consumers Are Having the Toughest Time Making Ends Meet C&R Software Acquires SpringFour, Expanding Reach of Financial Health Solutions WORTH NOTING: Safety tips if you are as worried as I am about your drink getting spiked … The one condition where it’s ok as a wedding guest to l
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.
Account Recovery
SEPTEMBER 5, 2024
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
Account Recovery
SEPTEMBER 4, 2024
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
Account Recovery
SEPTEMBER 4, 2024
A District Court judge in Ohio has denied a debt collector’s motion for attorney’s fees and costs in a Fair Debt Collection Practices Act case involving the Credit Repair Lawyers of America, ruling that the plaintiff’s claim was “minimally colorable” and did not warrant such an award. The defendant had argued that the lawsuit was meritless and sought reimbursement for legal fees.
Account Recovery
SEPTEMBER 4, 2024
A new study from the University of Southern California’s Schaeffer Center, published in JAMA Health Forum, reveals that disputing medical bills can provide significant financial relief for patients, yet many households remain hesitant to do so. By the numbers: Who’s less likely to seek help? The study shows disparities in self-advocacy: What they’re saying: “Current healthcare billing practices generally require patients to practice a lot of self-advocacy, and those who cannot self-a
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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