Troutman Sanders

JANUARY 25, 2024

As the financial landscape continues to evolve, financial institutions and fintech businesses, including payment processors and money transmitters, are facing increased regulatory scrutiny and heightened consumer expectations.

Financial Institution 52

Financial Institution Trade 52

Credit Corp

OCTOBER 6, 2023

The average monthly car payment for new vehicles in the United States is $725, and $516 for used vehicles. New car payments are up 11.5% year-over-year and used car payments are only up 2.2%. This is why it’s helpful to know the average car payment in the U.S. Experian® ] Average used car payments are only up 1.7%

Loans 118

Loans Lender Credit Unions Credit Unions 118

CICM

FEBRUARY 17, 2023

What is Trade Credit Insurance Protection? Trade Credit Insurance is a policy and a risk management product for business entities to protect their accounts receivable from loss. Is Trade Credit Insurance Protection a friend or foe? Andy outlined the economic position and the sectors most likely to be worst hit. What to expect.

Trade 59

Trade Credit Management Government 59

Troutman Sanders

FEBRUARY 8, 2024

In the first installment of a two-part Payments Year in Review series , Keith Barnett, Carlin McCrory, and Josh McBeain delve into the payments landscape of 2023 and share their predictions for 2024. This is a can’t miss episode for anyone looking to catch up on federal payments issues in 2023.

Trade 52

Trade 52

Troutman Sanders

JANUARY 17, 2024

Late last month, the Revenue Based Finance Coalition (RBFC), a trade group of sales-based financing providers, filed a complaint in the U.S. ECOA defines “credit” as “the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefor.”

Trade 52

Trade Creditors Debtor Financial services 52

UK debt collections

APRIL 28, 2021

Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients and make payments to themselves despite the company being insolvent. Independent Derivative Traders Ltd traded as Futex. This was despite previous professional directions being given.

Trade 72

Trade Bankruptcy Creditors Government 72

PDC Flow

DECEMBER 27, 2023

Since the pandemic began, QR code payment usage has climbed, giving people a simple, fast way to access information or take action. QR code payments are good for more than just retail environments. Take control of important customer interactions that lead to payments. PDCflow can help.

Healthcare 75

Healthcare Retail Trade Collections 75

UK debt collections

OCTOBER 4, 2023

The UK government has launched tougher measures to tackle SME late payments to small businesses as part of its upcoming Prompt Payment & Cash Flow Review. SME late payments In 2022, SMEs were owed on average an estimated £22,000 in late payments.

Government 68

Government Trade 68

Collection Industry News

JUNE 5, 2022

The Consumer Financial Protection Bureau (CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing field and subject those companies to much-needed scrutiny, credit union trade groups informed the agency Tuesday. Response From Credit Union Trade Groups.

Credit Unions 75

Credit Unions Credit Unions Trade Financial Institution 75

UK debt collections

JULY 29, 2023

The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to a survey conducted by credit insurer Allianz Trade. The length of export payment terms are also expected to increase, with 42% of the 3,000 respondents surveyed anticipating a rise. seen in 2022.

Trade 52

Trade Banks Loans 52

Payment Savvy

FEBRUARY 24, 2023

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world. This can be especially helpful in emergency situations, where every second counts.

Banks 98

Banks Financial Institution Retail Bankruptcy 98

UK debt collections

MARCH 24, 2022

UK contractor late payment has been increasing since the start of the covid-19 outbreak two years ago. More than two-thirds (65%) of contractors have experienced slower payments since the start of the pandemic , according to research carried out by Lloyds Bank Commercial Banking. This compares with 43.8

Construction 83

Construction Banks Credit Management Debtor 83

Account Recovery

MARCH 8, 2024

As promised, the Chamber of Commerce, along with a number of other banking trade groups — including some from Texas — filed a lawsuit yesterday against the Consumer Financial Protection Bureau, saying the regulator overstepped its authority it issuing a rule capping late fees that can be charged for missed credit card payments.

Trade 147

Trade Banks 147

Credit Corp

JANUARY 11, 2024

For example, you may find it difficult to make your monthly car payments. Can’t make your car payments? Below is a look at eight options you can consider if you can’t make your car payment. What to do if you can’t make your car payments 1. interest rate, and your monthly payments are $382.02.

Repossession 52

Repossession Lender Loans Bankruptcy 52

Account Recovery

JANUARY 11, 2024

A trade group representing tech companies has started fighting back against a proposal from the Consumer Financial Protection Bureau that would give the regulator power over the companies and anyone else involved in digital wallets and payments apps.

Trade 130

Trade 130

Fico Collections

FEBRUARY 9, 2021

In June this year, the FATF released their report on, ‘ Money Laundering and the Illegal Wildlife Trade’. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4thmost lucrative trade. Trade routes are as global as those for any other illicit trade.

Trade 52

Trade Banks Financial services 52

Account Recovery

FEBRUARY 29, 2024

The Consumer Financial Protection Bureau and the Federal Trade Commission have filed an amicus brief in a Fair Debt Collection Practices Act case before the Court of Appeals for the Eleventh Circuit over the defendant charging convenience or “pay-to-pay” fees when consumers made payments by phone or online, arguing that the defendant is (..)

Fair Debt Collection 130

Fair Debt Collection Trade Collections Loans 130

Nerd Wallet

SEPTEMBER 9, 2020

You may be able to accomplish one or more goals with a rate and term refinance, such as: Lowering your monthly payment. The article Rate and Term Refinance: Trade In Your Mortgage for a Better Model originally appeared on NerdWallet. Reducing the amount of interest you. Bundrick, CFP is a writer at NerdWallet. Twitter: @halmbundrick.

Trade 82

Trade Loans 82

UK debt collections

NOVEMBER 28, 2022

High Street giant Holland & Barrett has vowed to improve supplier relations amid growing protests from suppliers over its Business late payments. Many of its business late payments have extended past 120 days, with new government data showing the business paid almost 60% of invoices late. For others it will prove existential.

Retail 59

Retail Debt Recovery Trade Startups 59

UK debt collections

OCTOBER 14, 2021

One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. . Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential. Late payments are debilitating to any Business, large and small.

Collection Agencies 104

Collection Agencies Collections Agency Collections Bankruptcy 104

Troutman Sanders

JULY 14, 2022

On July 13, the FTC published its proposed Motor Vehicle Dealers Trade Regulation Rule in the Federal Register.

Trade 52

Trade 52

UK debt collections

MAY 11, 2022

The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners according to FSB findings. Wider studies underscore the isolating effect of poor payment.

Government 98

Government Trade Collections 98

Account Recovery

JANUARY 28, 2022

The Federal Trade Commission is returning more than $3.7 The FTC sued Avant in April 2019, alleging that the company falsely advertised that it would accept payments by credit or debit cards, when in fact it did … The post FTC Returns More Than $3.7

Lender 245

Lender Trade Loans 245

UK debt collections

NOVEMBER 30, 2022

T he challenge of late payment continues to worsen for businesses in the North West, according to new research from the insolvency and restructuring trade body R3. Over 60,500 North West companies had overdue bills in October, a rise of almost two per cent since March.

Trade 59

Trade Collections 59

UK debt collections

MARCH 13, 2023

Time is Money: Late payments ‘stifle’ small businesses across UK report shows The Federation of Small Businesses (FSB) has released a report that uncovers the true scale of damage caused by the late payments crisis as entrepreneurs say: ‘ enough is enough.’ Make the Prompt Payment Code (PPC) mandatory for all local authorities.

Construction 64

Construction Government Education Trade 64

UK debt collections

JUNE 9, 2022

As the UK’s economic situation continues to deteriorate, businesses in Yorkshire face a front-line battle against invoice late payment. Many Yorkshire based Businesses are starting to show signs of increasing financial problems. This is due to larger amounts of debt being owed and increasing numbers of businesses failing to pay invoices.

Collection Agencies 75

Collection Agencies Collections Agency Collections Trade 75

UK debt collections

APRIL 29, 2021

Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME’s over the past 12 months totals a shocking average of £130,445.05. Whilst late payment continues, this will only serve to hinder Small Business recovery in the second half of this year.

Debt Recovery 83

Debt Recovery Government Trade 83

UK debt collections

FEBRUARY 16, 2023

A Scottish Freelance network has highlighted Freelancer late payment as one of the challenges facing Freelancers in the UK. A key problem cited is late payment and fuels a need for debt collection for freelancers service. Expect enforceable charges for late payment.

Trade 59

Trade Collections Government Education 59

Account Recovery

MAY 19, 2021

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.

Student loans 246

Student loans Student Loans Loans Trade 246

UK debt collections

JULY 19, 2022

Business late payment in Northern Ireland is spiralling out of control. For the third month in a row the number of overdue invoices has grown say Insolvency Trade body R3. The number of Businesses in Northern Ireland that had outstanding invoices also rose to 9,160 in May which is a slight increase from April’s total of 9,119.

Trade 59

Trade Collections 59

UK debt collections

APRIL 16, 2021

New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners.

Credit Management 80

Credit Management Debtor Trade Collections 80

On Guard

FEBRUARY 23, 2023

Credit risk monitoring is key Non-payment of invoices can cause unnecessary stress in your work. With the help of credit risk management software, you have the correct procedures and policies in place to prevent non-payment. The post Avoid non-payment: Four ways to ensure your organisation gets paid appeared first on Onguard.

Trade 52

Trade Collection Agencies Collections Agency Credit Management 52

UK debt collections

JUNE 21, 2022

International Business late payment is expected to rise across Europe according to latest research. A survey conducted by Intrum AB of 11,000 European companies predicts that Businesses are expecting late payments to rise. Key finding 3: Year on year, businesses increasingly see late payments as a significant barrier to growth.

Collection Agencies 64

Collection Agencies Collections Agency Collections Trade 64

CICM

APRIL 5, 2022

You have been dealing with a customer that has now ceased to trade and they owe you money. You are then approached by the same directors who have setup a new company and this new company wants to trade with you. If you are being provided with information to continue trading with this new company, then does the information make sense?

Trade 40

Trade Creditors Credit Management 40

PDC Flow

NOVEMBER 24, 2020

Payment negotiations are the most important part of accounts receivable. If agents don’t know the best tactics for setting up payment plans or collecting higher dollar amounts, you will routinely leave money on the table. Top down means starting every conversation asking for payment in full. Better Recurring Payment Plans.

Healthcare 92

Healthcare Collections Trade 92

Troutman Sanders

JANUARY 11, 2022

On January 10, the Federal Trade Commission (FTC) issued an alert about a new cryptocurrency payment scam involving impersonators convincing consumers to send money obtained from a cryptocurrency automated teller machine (ATM) via a quick response (QR) code.

Government 52

Government Trade Banks 52

UK debt collections

JULY 16, 2020

The research conducted by Accountancy firm Moore has shown that 41 days is the average waiting time for payment. The continuing problem of payment delays would suggest that Government legislative initiatives to tackle this issue, such as the Prompt Payment Code are simply not working. This is the same as it was in 2015.

Construction 74

Construction Manufacturing Trade Government 74