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BURLINGTON, Mass. (June 19, 2025) – Finvi, a leading provider of enterprise workflow automation software built to accelerate revenue recovery and simplify the debtor payment process, announced that a recent release of its SaaS-based Velosidy® collections and payments platform has provided agencies with enhanced capabilities thataddress the intricacies associated with the legal elements of debt collections.
Table of Contents 1. Bankruptcy and Debt Collection Overview 2. Impact on Creditors 3. Current Bankruptcy Statistics 4. What Collectors Can Do During Bankruptcy 5. Preventive Measures Before Default 1. Bankruptcy and Debt Collection Overview When a business files for bankruptcy, it becomes increasingly complex for creditors to recover unpaid invoices.
When people think about the consequences of a criminal conviction, they typically focus on the immediate penalties: fines, probation, jail time. But licensed professionals—doctors, nurses, lawyers, teachers, real estate agents, and others—the consequences can extend far beyond the courtroom. A criminal case doesn’t just threaten your freedom. If you’re a licensed professional, it can threaten your livelihood.
Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Chase Sapphire Reserve Makes Big Changes: Higher Fee, New Rates, More Perks originally appeared on NerdWallet.
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
PETALUMA, CA – June 17, 2025 – Optio Solutions is pleased to announce the addition of Michael Krupinski as Vice President of Sales, further strengthening our executive team as we continue to grow our national presence in accounts receivable management. Michael brings over 20 years of business development experience, with a strong background in collections,… The post Optio Solutions Welcomes Michael Krupinski as Vice President of Sales first appeared on Optio.
Judge Denies Plaintiff’s MSJ in FDCPA Case Over Arbitration Demand Mass. Regulator Halts Collector’s Operations for Ignoring Calls, Deadlines Robocall Blocker Files TCPA Suit Over Alleged Collection Calls Compliance Digest – June 16 WORTH NOTING: What are the things that drain our batteries the most?
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Judge Denies Plaintiff’s MSJ in FDCPA Case Over Arbitration Demand Mass. Regulator Halts Collector’s Operations for Ignoring Calls, Deadlines Robocall Blocker Files TCPA Suit Over Alleged Collection Calls Compliance Digest – June 16 WORTH NOTING: What are the things that drain our batteries the most?
Business Debt Recovery Estimator Wondering how much of your outstanding invoices you can actually recover? Use our Business Debt Recovery Estimator Tool to get a quick projection based on the age of your debt and your typical collection agency fee. How It Works As invoices age, the likelihood of successful recovery decreases. This tool helps you visualize that drop-off and gives you a realistic look at what your business could recover after standard collection fees.
The Sixth Circuit recently clarified that faxes may constitute “advertisements” under the TCPA, thus potentially making the sender liable, even when the products referenced in the faxes are not being sold by the sender. See Lyngaas v. United Concordia Companies, Inc., — F. 4th —, 2025 WL 1625517 (6th Cir. 2025) (available here).
In the world of debt collection negotiations, timing and persistence are everything. The difference between recovering a debt and losing it altogether often comes down to maintaining momentum. Keeping the debtor engaged, informed, and responsive throughout the process is key to achieving a successful outcome. But what does it look like to maintain momentum in debt collection negotiations?
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.
The Federal Trade Commission yesterday announced a settlement that will result in a permanent ban from engaging in debt collection for Blackstone Legal and its affiliated companies. including owners Ryan and Mitchell Evans.
What is Average Days Delinquent (ADD)? Average Days Delinquent (ADD) tells you how many days past due your customers typically pay. It’s a financial KPI that highlights how far off your actual collections are from your payment terms (like Net 30). Why is ADD Important? Even if your DSO looks “normal,” ADD shows whether you’re truly collecting on time High ADD = hidden cash flow strain It helps businesses know when to send reminders or escalate to collections Real
Large language models (LLMs) are rapidly becoming integral to financial analysis, from parsing earnings calls to predicting stock market reactions to news. But a critical question remains: When we feed these models more information, do they perform better? Our recent study suggests, not necessarily. We document a structural limitation of LLMs in financial tasks, a phenomenon we call information overload , where too much context leads to worse outcomes.
Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article Goodbye Chase Sapphire Reserve, Hello Capital One Venture X originally appeared on NerdWallet.
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 the world of debt collection negotiations, timing and persistence are everything. The difference between recovering a debt and losing it altogether often comes down to maintaining momentum. Keeping the debtor engaged, informed, and responsive throughout the process is key to achieving a successful outcome. But what does it look like to maintain momentum in debt collection negotiations?
A District Court judge in New Jersey has denied a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case over whether the defendant should have dismissed or stayed a collection lawsuit after the plaintiff attempted to invoke the arbitration clause of the underlying credit agreement and demanded the case be arbitrated […]
June 19, 2025-Chicago-Commercial Collection Agencies of America has announced that its President, Mr. Humberto Matz, has been appointed to the California Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation. In May, Commissioner KC Mohseni appointed Matz and six others to the committee, whose purpose is to provide industry feedback to the department.
On 6 April 2025, the consumer protection provisions of the Digital Markets, Competition and Consumers Act 2024 (DMCC Act) came into force. The UK Competition and Markets Authority (CMA) can now directly pursue enforcement action without going through the courts (as with competition law investigations), including issuing fines, ordering businesses to improve their practices, and making them pay redress to affected consumers.
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.
Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article How Buying Points Can Help You Save on Hotels originally appeared on NerdWallet.
Octopus Money CEO Ruth Handcock has been awarded an OBE for services to financial services and investments in the King’s Birthday Honours List. Handcock became chief executive of Octopus Money in 2023, leading its mission to bring tailored financial planning, coaching and advice to millions… The post Octopus Money CEO awarded OBE in King’s Birthday Honours List appeared first on Money Marketing.
In a case that started making the rounds at the end of last week, a consumer finance company is facing a Telephone Consumer Protection Act lawsuit after allegedly placing more than 2,300 calls to phone numbers managed by an app used to block robocalls, many of which may have been collection calls.
Reaching financial independence feels unreal, but honestly it’s what we’re all aiming for in our retirement. Getting to a point of financial independence earlier is known as the FIRE movement (Financial Independence, Retire Early). In this article, we’ll define the steps you need to take in order to get to a place where you can be financially independent, whether that’s by retirement age or earlier. 1.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
PETALUMA, CA – June 17, 2025 – Optio Solutions, a nationally licensed accounts receivable management firm, is pleased to announce the appointment of Ian Ferguson as Vice President of Sales. With over 25 years of proven success in the financial services, healthcare, and property management industries, Ian brings a wealth of expertise and leadership to… The post Optio Solutions Welcomes Ian Ferguson as Vice President of Sales first appeared on Optio.
Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com. Twitter: @benjamindin. The article First Look at Capital One Lounge JFK: 24/7 with NYC Flair originally appeared on NerdWallet.
Schroders has announced four new senior appointments, “which will be focused on enhancing its client-first proposition and driving deeper client relationships” Karine Szenberg will be appointed executive vice chair, while Matt Oomen joins Schroders as global head of client group. In Asia, Gopi Mirchandani has… The post Schroders appoints executive vice chair and other senior hires appeared first on Money Marketing.
The Massachusetts Division of Banks has issued a temporary cease and desist order against a collector that is accused of failing to provide documents to the regulator “or otherwise meaningfully engage” with it by not returning calls or emails.
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!
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