NCBA Law Practice Management Blog

JANUARY 26, 2022

Despite what you hear, time never appears to be on your side. And certainly, everyone is looking to maximize their time. In terms of business management, that means that you’re always looking to inc rease the volume of cases you can take on, which you can do by increasing your utilization rate. But, this all starts with achieving a level of personal efficiency, because: if you can’t be efficient yourself, it’s very difficult to ask others, including your staff and associates, to be more efficien

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Law Firms Lawyers Creditors Banks 52

FFGN COLLECT NY

JANUARY 26, 2022

Working with managing agents in New York? Here are some debt collection tips for when it comes to working with managing agents. Many of the buildings in New York are managed by an outside agent known as a managing agent. The managing agent receives a management fee in return for managing the building. Managing buildings as an agent is a business like any other – you get a fee for service.

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Collections 95

Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. 1. Get Contact Data Before You Need It. It is much easier to get valid contact data from your customers than from a third party. And updating contact data when you need to contact a customer as part of a collections process is typically much harder than in originations or account management.

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Retrieval Collections Acquisition 52

Account Recovery

JANUARY 28, 2022

A defendant in a Fair Debt Collection Practices Act case may have won the battle in having its motion for summary judgment granted for lack of standing, but could end up losing the war after a Magistrate Court judge granted a plaintiffs’ motion for Reconsideration, Correction, and Remand, sending the case back to state court. … The post Judge Grants Motion for Reconsideration and Remands FDCPA Case Back to State Court appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 246

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.

Enterprise Recovery

JANUARY 28, 2022

To inspire entrepreneurship in a community that is least likely to receive startup funding, we've shared inspiring quotes from Black entrepreneurs who've had to overcome hardships to achieve success. Some key findings in the research for that article included a diversity report that found that only one percent of venture-backed founders were Black. The U.S. economy benefits from Black entrepreneurs and investing in more Black-owned businesses will reap rewards for all Americans.

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Startups 197

Nerd Wallet

JANUARY 26, 2022

The early days of Airbnb, like the early days of the internet, were full of promise. Here was a way for travelers to see the world while meeting hosts and enjoying authentic experiences, all on a shoestring. Yet this promise, like the promise of the internet itself, has been corrupted by greed, lack of competition. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

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Account Recovery

JANUARY 27, 2022

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Alicia Sundstrom

Accounts Receivables Management 246

Accounts Receivables Management 246

Consumer Finance

JANUARY 25, 2022

Today, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies. Today’s request is a chance for the public to share input that will help shape the agency’s rulemaking and guidance agenda, as well as its enforcement priorities in the coming months and years.

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Banks Financial services 108

Jimerson Firm

JANUARY 27, 2022

Chapter 712 of the Florida Statutes, commonly known as the Marketable Record Title Act (“MRTA”) was enacted in 1963 with the goal of simplifying the transfer of property by extinguishing certain covenants and restrictions after thirty years. This poses a challenge for homeowners’ and community associations as it can inhibit their ability to govern the community, collect dues, and enforce restrictions.

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Government Collections 98

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Nerd Wallet

JANUARY 26, 2022

Labor shortages, shipping backlogs and slowed production — caused in large part by the ongoing coronavirus pandemic — have left business owners scrambling to source everything from couches and car seats to rubber and lumber. While current supply chain woes are unprecedented, they aren’t a complete anomaly. Supply chain disruptions are simply a fact of.

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Account Recovery

JANUARY 27, 2022

GETTING TO KNOW ALICIA SUNDSTROM OF FINANCIAL CREDIT NETWORK Thirty-seven years. At the same company. Starting as an outside sales person and moving her way up to now owning the company. Alicia Sundstrom is exactly the kind of success story that makes the accounts receivable management company so unique and so special. The opportunity for … The post Daily Digest – January 27.

Accounts Receivables Management 246

Accounts Receivables Management 246

Credit Corp

JANUARY 25, 2022

According to Pew Research, 44% of people believe the financial impact of the COVID-19 pandemic is long-lasting. They believe it’ll take them three years to recover to pre-pandemic financial situations. Whether you’re in that group or don’t think the pandemic hit you financially, making financial resolutions for the new year can be a positive practice.

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Banks Personal loans Loans Trade 98

Consumer Finance

JANUARY 26, 2022

Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records, often without their knowledge. Using the list, people can exercise their right to see what information these firms have, dispute inaccuracies, and file lawsuits if the firms are viola

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Collections 100

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Nerd Wallet

JANUARY 27, 2022

The late Pamela Hixon of Leipsic, Ohio, was eager to retire from her job running a hospice agency. Soon after she quit, however, Hixon spiraled into depression and anxiety. She sought help from counselors and her pastor, but it wasn’t enough. Six months after retiring, she took her own life. “She lost purpose, she lost. Liz Weston writes for NerdWallet.

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Account Recovery

JANUARY 26, 2022

LENEXA, Kan., Jan 25, 2022 — TrueAccord Corporation, a debt collection company offering machine learning-powered digital recovery solutions, today announced results following the September 2021 rollout of Retain, the client-branded product that addresses early-stage recovery challenges for organizations with customers with delinquent accounts.

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Collection Companies Creditors Collections 246

Debtor Daddy

JANUARY 23, 2022

Bookkeepers (and accounting firms who offer bookkeeping services), are perfectly positioned to add credit control as a core service. However many still shy away from this. It’s often dismissed as something too hard to implement or too time consuming once up and running – others simply haven’t even considered it. Bookkeepers already help clients with a range of financial and administrative services, adding a credit control service is a logical extension to this business.

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Debtor Debt Management 84

PDC Flow

JANUARY 25, 2022

Improving your call center operations is an ongoing struggle. You want to provide the best customer experiences possible but managing large teams and standardizing processes is hard. From acquisition to customer service to payment, there are many steps where the system can break down. Investing in workflow tools and the latest training techniques will make life easier for your customers and staff.

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Acquisition Collections Banks 77

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

Nerd Wallet

JANUARY 24, 2022

High school graduates are forgoing free money for college by not submitting financial aid applications, according to a new analysis by the nonprofit National College Attainment Network. The Class of 2021 left behind $3.75 billion in Pell Grant aid by not completing the Free Application for Federal Student Aid, or FAFSA. An estimated 813,000 students.

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Student loans Student Loans Loans 102

Account Recovery

JANUARY 25, 2022

The Court of Appeals for the Ninth Circuit has partially affirmed and partially reversed a lower court’s ruling in a Fair Debt Collection Practices Act case, determining that the District Court judge should not have granted summary judgment for a collection law firm that “expressly” informed an individual in a collection letter that any dispute … The post Appeals Court Partially Overturns Ruling for Defendant in FDCPA Case appeared first on AccountsRecovery.net.

Law Firms 246

Law Firms Fair Debt Collection Judgment Collections 246

Debt Free Colorado

JANUARY 27, 2022

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. No matter which side you’re on, chances are you have heard of the term “non-exempt property.” But do you know what this is or why it matters? If not, it is time to read on and get some answers!

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Bankruptcy Chapter 7 bankruptcy Unsecured Creditor Debtor 75

Prosperity Now

JANUARY 26, 2022

The Earned Income Tax Credit (EITC) is one of the nation’s largest anti-poverty programs.

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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

Nerd Wallet

JANUARY 25, 2022

The metaverse exploded into the public consciousness in October 2021 as Facebook, Inc. changed its name to “Meta” and announced multibillion-dollar investments in metaverse technologies. Despite the fanfare, Meta says metaverse technology is a decade or more away from maturity. In the meantime, small-business owners might want to take metaverse-related claims and investment opportunities with.

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Account Recovery

JANUARY 25, 2022

BUFFALO, N.Y. — Alliant Capital Management, a professional debt collection agency with offices in Buffalo, NY and Chandler, AZ, is celebrating the holidays by sponsoring a family of five this Christmas. The items collected will go to providing everything needed for a local anonymous single mother to provide an enjoyable holiday for her family. The … The post Alliant Capital Management Adopts Family for the Season of Giving appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

Consumer Finance

JANUARY 25, 2022

This week, President Biden convened members of his cabinet and other agency heads to talk about actions we can take in a whole-of-government approach to spur competition in our economy.

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Government Financial services Banks 74

UK debt collections

JANUARY 25, 2022

Businesses using company or insolvency laws to mitigate their liabilities have been warned they could face ‘assertive action’ Anything unethical which unfairly benefits Businesses at the expense of their customers could face investigation by the Financial Conduct Authority. The FCA said it planned to act amid a rise in the number of firms developing proposals, like Scheme of Arrangements, to deal with hefty liabilities to consumers, in particular redress liabilities.

Law Firms 64

Law Firms Collection Agencies Collections Agency Creditors 64

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