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In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. Before liquidating any collateral or incurring costs of litigation, Lenders and CDCs should make a good faith effort to first negotiate a “workout agreement” with the borrower.
To help summarize, encapsulate, and put a period on 2020, AccountsRecovery.net reached out to a number of industry veterans and asked them what they will remember most about 2020. Here is what they said: Matt Kiefer, Preferred Group of Tampa I will remember how a country disrupted a world economy by withholding and distorting information … The post What The ARM Industry Will Remember About 2020 appeared first on AccountsRecovery.net.
Finding the right business payment solution can be challenging! There are many business payment solutions available today. Many of these options are tailored to a specific niche because of the diverse payment preferences influenced by age groups, types of businesses, and technologies. With these different options, it can be challenging to choose the right payment processing solution for your business.
Unpaid traffic and parking violation tickets can cause a huge drag on the finances of cities and counties. It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Contact Us for a free consultation – Serving Nationwide. Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.
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.
Decluttering your wallet can give you a quick sense of accomplishment in the new year. You can check a task off your list and feel more organized and safer. A lost or stolen wallet holding too much personal and financial information puts you at risk of identity theft and fraud. Experts don’t always agree on. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.
Twenty-twenty will easily be remembered as the year of the pandemic and will also easily be remembered as the year the Consumer Financial Protection Bureau released the long-awaited debt collection rule, but there were a lot of other important events that occurred this year that will shape the accounts receivable management industry for years to … The post The Court Cases That Shaped the ARM Industry in 2020 appeared first on AccountsRecovery.net.
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Twenty-twenty will easily be remembered as the year of the pandemic and will also easily be remembered as the year the Consumer Financial Protection Bureau released the long-awaited debt collection rule, but there were a lot of other important events that occurred this year that will shape the accounts receivable management industry for years to … The post The Court Cases That Shaped the ARM Industry in 2020 appeared first on AccountsRecovery.net.
As of December 27, 2019, the IRS had received a whopping 155,798,000 tax returns during the year. A bit over 138 million of those were filed electronically, with almost 60 million electronic tax returns filed by individuals handling their own taxes. Whether you intend to be a self-preparer in 2021 or not, it’s a good idea to prepare for tax season sooner rather than later.
The five key principles of lean management are value, the value stream, flow, pull, and perfection. Some of these words may sound like instructions from a workout instructor but the only thing they have in common with physical effort is the workout part of it. Implementing leaner processes requires assiduous analysis and execution that continually asks “why?
On December 30, 2020, the Consumer Financial Protection Bureau issued a compliance assistance sandbox approval order to PayActiv regarding specific aspects of some of its earned wage access products.
NINTH CIRCUIT AFFIRMS RULING FOR CFPB IN SEILA LAW CASE In a battle that has been to the Supreme Court and back, the Court of Appeals for the Ninth Circuit yesterday reaffirmed a District Court ruling that grants a petition from the Consumer Financial Protection Bureau seeking to enforce a civil investigative demand letter that … The post Daily Digest – December 30.
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.
Opening a business is a major undertaking regardless of industry. Whether it’s your first business or your one-hundred-and-first, it’s a big deal. That’s why it’s important you remember to dot your i’s and cross your t’s before launching your business to the public—especially when it comes to your credit card processing. If you own a small business in this day and age, you will need a way to process payments in person and online.
Home equity loans are generally referred to as second mortgages. If you are struggling to make payments on a second mortgage, it may be possible to file bankruptcy in an effort to have the debt discharged. Let's take a look at the process of filing for protection from creditors in Tennessee. What type of bankruptcy protection should you seek? In a Chapter 7 case, nonexempt property is sold in an effort to raise money to pay off your creditors.
Have a hard inquiry on your credit report from Comenity Bank/VCTRSSEC? If so, you may be wondering how it got there and what it means for your credit score. A hard inquiry is simply a way for a lender to check your credit reports before approving your application. While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret.
A District Court judge in Wisconsin has certified a class in a case against a collection agency accused of violating the Fair Debt Collection Practices Act by saying it “may” commence a civil action if the debt was not paid even though it had no intention of doing so. A copy of the ruling in … The post Judge Grants Certification in FDCPA Class Action Over Reference to ‘Civil Action’ in Letter appeared first on AccountsRecovery.net.
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.
Rewards cards aren’t just for consumers anymore. Small business owners can get in on the fun and earn a cheap flight here or a free hotel stay there. However, with so many credit card options, picking the right one can be daunting. The United? Business Card from Chase is designed for the business owner looking. Anya Kartashova writes for NerdWallet.
Claudia Polsky of Berkeley and Megan Schwarzman of Berkeley's School of Public Health have written The Hidden Success of a Conspicuous Law: Proposition 65 and the Reduction of Toxic Chemical Exposures, 47 Ecology Law Quarterly, (Forthcoming 2021). Here is the abstract: Newcomers to California could be forgiven for thinking they have crossed into treacherous terrain.
On December 30, 2020, the Consumer Financial Protection Bureau issued a compliance assistance sandbox approval order to Synchrony regarding their proposal to develop a “dual-feature credit card.”.
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
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!
The Ink Business Cash® Credit Card may be less popular than some of the other Chase Ultimate Rewards® cards, but a savvy small-business owner can still rack up major rewards by taking full advantage of this card’s benefits — especially considering there is no annual fee. For some of these perks, it’s important to understand. Alex Cramer writes for NerdWallet.
Most people think that the acronyms and terms they know are common knowledge. But the truth is that every field has its jargon and acronyms. Collections is no different. Whether you’re talking to your accounts receivable department, or hiring a collection agency, you are likely to hear a lot of terms you don’t know. You should never be embarrassed to ask people to define terms, but here are ten common collection acronyms to get you started. 1.
Has a recent entry from CITGO/SYNCB brought down your credit score? If it is appearing on your credit report, it’s probably a hard inquiry. This type of inquiry gets added to your report whenever you apply for a credit card, line of credit, or loan. CITGO/SYNCB represents the CITGO credit card issued by Synchrony Bank. Whether you’re unsure of how hard inquiries work or don’t know how CITGO wound up on your credit report, the guide below is for you.
FCC ISSUES ORDERS LIMITING NON-TELEMARKETING CALLS AND REQUIRING OPT-OUTS The Federal Communications Commission yesterday issued two orders, one of which restricts the number of non-telemarketing calls that can be made by non-commercial, commercial, and tax-exempt nonprofit organizations under the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act.
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.
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card earns you unlimited points on purchases you make for your business. Flexible redemption options make it easy to use points for travel without blackout dates or other restrictions. If you’re wondering if the Bank of America® Business Advantage Travel Rewards World Mastercard® credit.
On remand from the United States Supreme Court, the United States Court of Appeals for the Ninth Circuit, in Consumer Fin. Prot. Bureau v. Seila Law LLC , reaffirmed a District Court grant of a petition by the Consumer Financial Protection Bureau, Petitioner-Appellee, to enforce a civil investigatory demand issued to Seila Law LLC, Respondent-Appellant, requiring the production of documents and interrogatory answers.
Did a hard inquiry from THD/CBNA bring down your credit score? THD/CBNA represents the Home Depot card from Citibank. Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. In most cases, that’s nothing to worry about. However, if you’ve never applied for a Home Depot card, it shouldn’t be on your report.
The number of complaints alleging violations of Section 227 of the Telephone Consumer Protection Act continued their marked decline during the first 11 months of 2020 and were on pace to fall for the third consecutive year, according to data released last week by the Federal Communications Commission. The data was released as part of … The post Robocall Complaints Continue Decline: FCC appeared first on AccountsRecovery.net.
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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