Collections Law

OCTOBER 29, 2024

In the world of business, collecting unpaid debts can feel like a never-ending battle. In addition, many companies unknowingly commit errors that hinder their efforts. Our commercial collections attorneys at the Law Offices of Alan M. Cohen & Associates LLC law have dedicated their legal careers to helping businesses collect their unpaid debts. Our attorneys have more than five decades of combined experience helping companies collect their unpaid accounts receivable.

Commercial Collection 52

Commercial Collection Collections Debtor Lawyers 52

Account Recovery

OCTOBER 29, 2024

A debt collection operation has reached a settlement in a religious accommodation lawsuit brought by the Equal Employment Opportunity Commission (EEOC), and agreed to pay $60,000 to end a long legal battle. The big picture: The lawsuit, filed by the EEOC, involved an employee of the collector who requested an accommodation to observe religious holidays in line with his religion.

Collections 130

Collections 130

JMA

OCTOBER 28, 2024

Seasonal businesses often face unique challenges when it comes to managing cash flow. While peak seasons can bring in significant revenue, off-peak periods often lead to cash flow shortages, putting financial strain on the business. Managing these seasonal cash flow fluctuations is critical for maintaining financial stability and ensuring long-term success.

52

52

Consumer Finance

OCTOBER 30, 2024

The Consumer Financial Protection Bureau and the Centers for Medicare and Medicaid Services issued a joint letter to protect millions of Medicare beneficiaries living at or below the poverty line from unlawful medical bills.

137

137

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

NCBA Law Practice Management Blog

OCTOBER 27, 2024

Artificial intelligence has fast become a fact of modern life – as it has perhaps been adopted more widely, more quickly, than any previous technology. Yet, lots of attorneys still haven’t had any substantive experiences with AI, to date. But, the fact of the matter is that there are a lot of use cases for AI, in law practice; so, it may be easier to get started, than you think.

Law Firms 52

Law Firms Lawyers Creditors 52

On Guard

OCTOBER 29, 2024

Relatively little has changed over the past 25 years in the credit management profession. Yes, we now send e-mails and text messages instead of faxes and letters. Moreover, we have “fancy” systems and AI. However, in essence, outstanding receivables have not declined structurally within organisations, said Meri Nasole, at the first Onguard University event.

Credit Management 40

Credit Management 40

Consumer Finance

OCTOBER 30, 2024

The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.

Credit Unions 126

Credit Unions Credit Unions Banks 126

NCBA Law Practice Management Blog

OCTOBER 27, 2024

According to a new report from Legal.io, law firm mergers are on the upswing, in 2024. The interesting part of that report, is just how many small firms are involved in the merger conversation. All me rgers were up 24% for Q1 of 2024; but, fully 65% of those mergers involved law firms with between 5-20 attorneys. Anecdotally, of late, I have myself been involved in helping to move forward mergers between small firms, including those where 2 solo lawyers have joined forces to form a small law fir

Law Firms 52

Law Firms Lawyers Creditors 52

Account Recovery

OCTOBER 31, 2024

The Supreme Court of New Mexico has ruled that employees of a credit union engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts. The background: The plaintiffs alleged that the defendant engaged in the unauthorized practice of law by having non-attorney employees file collection lawsuits against them in New Mexico state court.

Credit Unions 130

Credit Unions Credit Unions Judgment Collections 130

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.

CSA

NOVEMBER 1, 2024

CSA Chief Executive Chris Leslie sets out his initial reaction to the Chancellor’s Budget “In her first Budget as Labour Chancellor, Rachel Reeves sought to emphasise public sector investment, raising taxes by a significant £40billion (£5billion more than many commentators expected), with growth rates marginally downgraded by the Office for Budget Responsibility.

Financial services 40

Financial services Government Consumer Credit Collections 40

Consumer Finance

OCTOBER 31, 2024

The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.

86

86

NCBA Law Practice Management Blog

OCTOBER 27, 2024

I feel like I can safely say that – even though I have no idea what your rates are. In my experience, most law firm rates are far too low. That’s especially true if you bill hourly. Hourly rates for attorneys don’t even keep up with inflation. But, maybe you already knew that. And, perhaps you may even really want to raise your hourly rates. Though, you may also be thinking: I haven’t done that in quite some time , so I have to make a huge change , in order to make up for that.

Law Firms 52

Law Firms Creditors Collections 52

Account Recovery

NOVEMBER 1, 2024

The Consumer Financial Protection Bureau and the Centers for Medicare & Medicaid Services yesterday issued a joint statement reminding and warning companies in the credit and collection industry that millions of low-income Medicare recipients, known as Qualified Medicare Beneficiaries (QMBs), are protected by federal law from being charged for Medicare cost-sharing, such as co-pays and deductibles.

Healthcare 130

Healthcare Collections Fair Debt Collection Debt collector 130

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.

BN Lawyers

OCTOBER 30, 2024

Here’s the latest risk management guidance, published in September 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – ABA Issues Formal Opinion 513 – Duty to Inquire – Sept 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

40

40

Collection Industry News

OCTOBER 27, 2024

For some shoppers, the upcoming holiday season may lead to significant credit card debt. Meanwhile, some people are still paying off debt from last year’s gift buying. In fact, 28% of shoppers who used credit cards have not paid off the presents they purchased for family and friends last year, according to a recent holiday spending report by NerdWallet.

Credit Card Debt 40

Credit Card Debt Retail Collections Bankruptcy 40

Enterprise Recovery

NOVEMBER 1, 2024

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

147

147

Account Recovery

OCTOBER 30, 2024

A District Court judge in California has denied a defendant’s argument that it does not meet the definition of a debt collector under the Fair Debt Collection Practices Act and ruled that the plaintiff’s claims can proceed. The defendant, who argued that it was exempt from the FDCPA, failed to convince the court, which found sufficient allegations that the defendant was operating as a debt collector when it attempted to collect a debt from the plaintiff.

Debt collector 130

Debt collector Chapter 7 bankruptcy Third-party Debt Collectors Fair Debt Collection 130

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.

Burt and Associates

OCTOBER 31, 2024

The Financialization of Debt: A Growing Concern in Medical and Rental Markets In a world increasingly shaped by the integration of finance into everyday life, the Consumer Financial Protection Bureau (CFPB) recently released a report that sheds light on two critical sectors affected by this trend: medical and rental debt. These areas, essential to basic human well-being, are becoming fertile ground for financial products and services that may not always prioritize consumer welfare.

Healthcare 52

Healthcare Collections Agency Collection Agencies Debt Recovery 52

FFGN COLLECT NY

OCTOBER 29, 2024

If you owe money, is your spouse liable for your debt? Being married does not, in itself, mean you are liable for your spouse’s debts. There may be spousal liability, however, if the doctrine of necessaries applies and creates enforceable financial liability. The general rule is that, absent an agreement, a person 18 years and older is not responsible for another adult’s debt.

Collections 52

Collections Debt collector Creditors 52

Collection Industry News

OCTOBER 30, 2024

NEW YORK, Oct 24 (Reuters) – The cost of insuring exposure to U.S. government debt has climbed to its highest in nearly one year, suggesting investors are getting nervous about a U.S. presidential election outcome that could make the government less able to repay debt. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the risk of a default – widened to 49 basis points on Thursday, according to S&P Global Market Intelligence data, the highest since

Government 40

Government Collections 40

Account Recovery

NOVEMBER 1, 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!

Fair Debt Collection 130

Fair Debt Collection Personal loans Loans Collections 130

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!

Burt and Associates

OCTOBER 31, 2024

The Financialization of Debt: A Growing Concern in Medical and Rental Markets In a world increasingly shaped by the integration of finance into everyday life, the Consumer Financial Protection Bureau (CFPB) recently released a report that sheds light on two critical sectors affected by this trend: medical and rental debt. These areas, essential to basic human well-being, are becoming fertile ground for financial products and services that may not always prioritize consumer welfare.

Healthcare 52

Healthcare Collections Agency Collection Agencies Education 52

Account Recovery

OCTOBER 31, 2024

One of the nation’s largest credit card lenders has had a summary judgment ruling in its favor affirmed by the Court of Appeals for the Ninth Circuit, after it was sued for allegedly violating the Americans with Disabilities Act and the Family Medical Leave Act by an employee who had been terminated. The background: The plaintiff, who had been diagnosed with anxiety and depression, claimed she faced adverse employment actions after taking leave under the FMLA and raising complaints about t

Creditors 130

Creditors Judgment Lender Banks 130

Account Recovery

OCTOBER 29, 2024

A District Court judge in Florida has ruled that a defendant — a health insurance company — must face claims it failed to make appropriate payments to healthcare providers who subsequently assigned their claims to the plaintiff, Healthcare Ally Management of California, LLC, denying the defendant’s argument that the plaintiff needed to be licensed as a debt collector in the state in order to pursue its claim.

Healthcare 130

Healthcare Debt collector Collections 130

Account Recovery

OCTOBER 30, 2024

A bipartisan bill has been introduced in the House of Representatives to reform the Civil Investigative Demand process used by the Consumer Financial Protection Bureau. Rep. Andy Barr [R-Kent.] and Rep. Vicente Gonzalez [D-Texas] introduced the Civil Investigative Demand Reform Act of 2024. The proposed legislation aims to ensure due process for financial services providers subject to the CFPB’s Civil Investigative Demands (CIDs), which are often criticized for being overly broad and burde

Financial Institution 130

Financial Institution Financial services Loans 130

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.