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Most clients look for low or no-fee debt collection and don’t want to go out of pocket to collect bad debt. However, this can conflict with the terms of the clients’ agreement also known as contract carve-outs. Many contracts contain a clause that provides for mediation and/or arbitration in the event of a dispute. In order to avoid going out of pocket to pursue bad debt, the contract will provide an exception, or better known, a carve-out, for fee disputes.
While it is by no means a pleasurable experience, the simple truth of the matter is that recessions are a part of life and something we should accept as an occasional occurrence. We are going to face them once in a while – there is no avoiding that fact. Depending on your perspective (and at the risk of sounding a little existential), the very fact that recessions are inevitable at some point means we are always approaching one.
Winning the lottery is undoubtedly a life-altering event. However, with this newfound wealth comes an unwanted spotlight, as lottery winnings are often a target of lawsuits, creditors, scams, and sometimes even friends and family seeking financial assistance or investment opportunities. Here are five asset protection strategies to consider that can help shield lottery winnings effectively: Strategy #1: Utilize Tenants by Entireties Ownership In Florida, married couples qualify for a unique form
In our experience in business-to-business collections, debtors frequently withhold payment even when creditors have obtained legal judgments against them. What can be done? In Massachusetts, getting a legal judgment may be only the first step in a collections case. An attorney who truly knows Massachusetts collections law might file supplementary process as the next step.
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.
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?
Do your business debt collections keep you up at night? It's frustrating to work with a client who neglects to pay their invoices, especially when you know their non-payment will affect your ability to be successful. More often than not, some of those invoices will remain unpaid unless you have the resources to follow up with them. Is outsourcing B2B debt collections the right choice for your business?
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Do your business debt collections keep you up at night? It's frustrating to work with a client who neglects to pay their invoices, especially when you know their non-payment will affect your ability to be successful. More often than not, some of those invoices will remain unpaid unless you have the resources to follow up with them. Is outsourcing B2B debt collections the right choice for your business?
The Chase Freedom Unlimited® Credit Card is ideal for those who want to earn cash back on everyday purchases. You can earn anywhere from 1.5% to 5% cash back rewards. These points don’t expire and there’s no limit to how much you can earn. Basic Features Intro Apr: intro_apr_rate,intro_apr_duration Ongoing Apr: reg_apr,reg_apr_type Balance Transfer: balance_transfer_intro_apr,balance_transfer_intro_duration Annual Fee: annual_fees Credit Needed: credit_score_needed Additional Details Great intro
Email for debt collection is more popular than ever and there are good reasons why. A thoughtful debt collection email strategy: Makes right party contact faster and easier Drives more traffic to self-serve channels, freeing up employees to do other work Saves money on operating costs by reducing postage costs Gives you more visibility into consumer engagement In an era where convenience and privacy are paramount, email offers a non-intrusive, easily accessible, discreet means of communication c
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?
Every five years, Congress passes a critical piece of legislation affecting everything from food security to rural energy to agriculture: the Farm Bill. With Congress in recess until mid-August, and so much money (an estimated $1.51 trillion) riding on one piece of legislation, it is worth looking into what the Farm Bill is and why it matters to all of us.
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.
In this episode of The Crypto Exchange , Troutman Pepper Partner Ethan Ostroff welcomes his colleagues Carlin McCrory and Addison Morgan to discuss a recent case in the Southern District of New York that has been in the news, Rider v. Uphold HQ. In Rider , the court concluded that virtual currency platform operators may be subject to the Electronic Fund Transfer Act (EFTA) and Regulation E.
Credit card debt is a huge reason people end up filing for bankruptcy. The incredibly high interest rates alone plus the ease of procuring cards contribute to what can be a vicious cycle of maxing out limits, paying only minimums, and applying for more cards. And often this cycle can have long-term negative effects on family relationships. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.
Details matter, don’t they? Take, for instance, this Fair Debt Collection Practices Act lawsuit. The plaintiff — who lives in Texas — received an email from the defendant.
The digital revolution has drastically changed the world around us. Whereas digitisation within many organisations used to be a multi-year plan, during the corona crisis it became clear that delaying is no longer an option. By now, almost all companies are engaged in large-scale transformation from analogue to digital data, process automation and cost savings.
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.
On August 8, bankers associations from all 50 states sent a joint letter to the Consumer Financial Protection Bureau (CFPB or Bureau) urging it to stay enforcement and implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule) for all covered financial institutions until after the U.S.
NEW YORK, Sept 1 (Reuters) – Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of inter
The Department of Health and Human Services has disclosed in its Breach Portal that a breach, which involved more than 600,000 individuals at Radius Global Solutions is being investigated as a law firm specializing in data breach class actions is looking for victims of the breach to be plaintiffs in a lawsuit against the company.
In the modern-day world of social media platforms, influencers have become some of the most prominent figures within the marketing and advertising industries. It may be difficult to think that there are any similarities between social media influencers and credit professionals, but some influencer characteristics are key to becoming a leader.
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!
In Wiley v. American Financial Network, Inc., a district court judge in the Central District of California denied a motion for class certification in a Telephone Consumer Protection Act (TCPA) case, finding the defendant provided evidence suggesting the plaintiff invited the calls. The case arose out of the defendant obtaining leads to contact consumers about its lending services from many different sources, including lead generators and direct solicitation.
Federal student loan borrowers have had a break from paying back their student loans for over three years now. Though the forbearance may have given them breathing room, helped them add to their savings or pay down other debts, inflation creeping up throughout 2022 undermined a lot of that progress. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found.
Wireless carriers are trying to push more consumers into using their bank accounts or debit cards when enrolling in auto payment programs, instead of credit cards, because the costs of the processing credit card transactions are so much higher than the other forms of payment, according to a published report.
From day one, credit professionals are constantly improving their skills and expanding their knowledge in the B2B credit industry. But on-the-job learning can only take them so far. By earning designations through NACM's Professional Certification Program, credit professionals have the chance to stand out from others and perfect their skills.Kelly.
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.
On August 7, the National Association of Federally-Insured Credit Unions (NAFCU) and the Credit Union National Association (CUNA) sent a joint letter to the Consumer Financial Protection Bureau (CFPB or Bureau) urging it to stay enforcement and implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule) for all covered financial institutions until after the U.S.
Lawyers love marketing to other lawyers, because there’s nothing like speaking a dead language, like Latin, in the modern world , and accompanying the dialogue with a firm handshake. And, even when attorneys market online, they tend to stay in place – hanging with their fellow attorneys on LinkedIn, sticking to #lawtwitter. But, there’s a whole separate world of other humans out there, who have no idea what sua sponte even means; and, guess what: they need someone to refer legal cases to , too –
Complaint Alleges Collector Left ‘Threatening’ Voicemails for Plaintiff & His Wife Judge Grants Plaintiff’s Motion to Voluntarily Dismiss FDCPA Case, but Denies Defense’s Motion for Fees & Costs Collection Operation Caught Up in One of Largest Cyberattacks Ever Wireless Carriers Pushing Consumers to Use Debit, Bank Accounts For AutoPay WORTH NOTHING: Photos detailing the tragic […]
NACM's annual Credit Congress brings hundreds of credit professionals together where they can learn new skills, refresh existing skills and stay informed on the most recent changes within the credit industry. Attendees also get the opportunity to network, hear from trade credit experts and learn information across a wide variety of topics.This past.
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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