This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A new report from community finance platform SoLo reveals that living paycheck to paycheck is no longer confined to lower-wage earners. Despite earning respectable salaries some well into six figures many middle-class Americans find themselves short of ready cash to handle unplanned expenses. SoLo surveyed 2,000 adults and found that one in seven cash-poor Americans earns more than $75,000 a year.
Business owners in Massachusetts are likely familiar with the frustrations of trying to collect unpaid debts. At the Law Offices of Alan M. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 60 years of combined experience helping Massachusetts business owners collect their unpaid debts. Utilizing the collection tools allowed by law, our lawyers are ethical in their methods and innovative in their debt collection strategies.
A new bill introduced in the Illinois Senate seeks to amend the Fair Patient Billing Act, providing additional protections for patients facing medical debt. Senate Bill 1223, sponsored by state Sen. Laura Fine, introduces key restrictions on medical debt collection practices, particularly in cases where patients are appealing health insurance decisions.
Conversations about money are challenging, no matter the situation. However, they are necessary when proposing a deal with a potential client. As a B2B debt collections company, we thought we'd share some tips to help make these discussions easier. Navigating financial discussions with B2B clients can be challenging, but mastering these skills can build healthy business relationships and secure timely payments.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Credit card debt relief often seems unattainable, but there is a way forward. Chapter 7 bankruptcy can help clear debt and give you a fresh start. But how do you know if its the right choice? Will it erase all your debt, or are there limits? A Greenwood Colorado bankruptcy attorney can explain your options and make sure you dont risk losing assets you want to keep.
The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Heres what debt collection experts David Kaminski, Partner at Carlson & Messer LLP, Kelly Parsons-OBrien, President at Pacific Credit Services, and Mike Chee
Sign up to get articles personalized to your interests!
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Heres what debt collection experts David Kaminski, Partner at Carlson & Messer LLP, Kelly Parsons-OBrien, President at Pacific Credit Services, and Mike Chee
The Alcohol and Tobacco Tax and Trade Bureau (TTB) has long been at the forefront of regulating the alcohol beverage industry, ensuring that companies adhere to standards for both product labeling and marketing. Recently, two major updates have emerged from the TTB that are particularly relevant to brewers and those involved in alcohol advertising. Industry Circular 2024-1 focuses on new social media guidelines and Industry Circular 2024-2 expands the list of beer ingredients that are exempt fro
Heres the latest risk management guidance, published in January 2025, from B&Ns Attorneys Risk Management practice group. BN – Tip of the Month – New ABA Formal Opinion 514 – Jan 2025 The post Barron and Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
By mastering cash flow management, businesses can avoid the pitfalls of cash shortages, which can lead to operational disruptions and missed opportunities. Optimizing working capital, a key component of cash flow management, can significantly enhance your business's ability to thrive in a competitive market. Proper management of working capital and cash flow means your business has the necessary liquidity to cover short-term expenses, invest in growth initiatives, and seize new market opportunit
Document automation for law firms, can become pretty complicated especially when youre dealing with tiers of logic, as is common with estate planning documents , for example. But, there are simpler operations than that more like find & replace where you can just slot language into a predetermined s p ot. This is the easiest sort of document assembly operation there is, because you simply need to draft/update language + determine where it goes.
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.
The pace of news related to the future of the Consumer Financial Protection Bureau shows no signs of slowing down. As we get ready for the confirmation hearing for Jonathan McKernan to be the new Director of the CFPB later this week, here are some other developments involving the regulator. Consumer Groups Publish State Complaint Data A number of consumer advocacy organizations are attempting to kill two birds with one stone — highlight the work of the Consumer Financial Protection Bureau
In modern debt management , technology is no longer just an enabler it's a necessity. The question isn't whether you need a powerful collections platform but rather whether you should build one in-house or adopt a market-ready solution. Many organisations still rely on legacy in-house systems , customised over time to meet their needs. However, as business demands grow, regulations shift, and technology advances , these systems often become costly to maintain, difficult to scale, and slow to ada
Aisha Sabar St. Johns University School of Law American Bankruptcy Institute Law Review Staff Chapter 15 of title 11 of the United States Code (the Bankruptcy Code) provides a process pursuant to which a foreign insolvency or bankruptcy proceeding may be recognized in the United States. [1] The courts are divided as to whether section 109(a) of the Bankruptcy Code, which provides that only a person who resides or has a domicile, a place of business, or property in the United States, or a munic
Maintaining compliance with Occupational Safety and Health Administration (OSHA) standards is essential to fostering a culture of workplace safety, protecting employees, and avoiding citations and penalties. Here are five actionable tips to help you navigate OSHA requirements effectively and ensure your workplace remains compliant. Understand OSHA Standards and Stay Informed The first step to maintaining OSHA compliance is knowing which regulations apply to your business.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
A District Court judge in Maryland has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case that centers over the language used by the plaintiff and whether it constituted a dispute of the debt or not. The background: The plaintiff received a debt collection letter from the defendant, a law firm retained by a credit union to collect on an unpaid debt of $10,511.29.
In a ruling that — to this non-lawyer appears to take the issue of standing and turn it on its head — the Court of Appeals for the Ninth Circuit has reversed a lower court’s dismissal of a Fair Debt Collection Practices Act suit, ruling that the receipt of a letter after being informed that the individual was represented by an attorney — a tangled situation in this case — is enough for the plaintiff to have standing to pursue a lawsuit in federal court.
Data from a new survey from reveals a sobering yet opportunity-rich snapshot for credit and collection professionals and the broader financial ecosystem — amid persistent stress and rising consumer expectations, theres a clear desire for more seamless, data-driven experiences that reduce friction in the repayment process. Whats happening Why it matters: Professionals at debt collection agencies, consumer finance companies, fintechs, and traditional financial institutions can glean critical
Getting to Know Charity Hop of Meduit McKernan: CFPB Suffers from a Crisis of Legitimacy Judge Grants MSJ for Defendant in FDCPA Case Over Whether Plaintiff Disputed Debt Paycheck Pinch: How Even Six-Figure Earners Are Feeling the Squeeze WORTH NOTING: How far would you go to avoid paying baggage fees on a flight? Looking back on the best films of Gene Hackman (Lex Luther or Norman Dale, in my opinion), who died overnight Its not just egg prices that are rising in the grocery store these days
Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Sending Letter with Payment Voucher After Refusal to Pay Sets Off FDCPA Suit Appeals Court Overturns Dismissal of FDCPA Suit, Rules Receipt of Letter Confers Standing Keeping Up With Everything Going on Surrounding the CFPB Money on Mute: How 1 in 4 Consumers Are Ghosting Their Finances WORTH NOTING: When is the time to have the courage to quit? … Is this the answer to outsmarting seat squatters on airplanes?
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
EDITORS 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? Call (855) WEB-RECON or email admin@webrecon.net today!
In a case that was defended by the team at Martin Golden Lyons Wats Morgan, a District Court Judge in Colorado has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act lawsuit, ruling that the debt collector did not violate the statutes debt verification requirements. The background: The plaintiff claimed that the defendant failed to properly validate a debt after it was disputed in writing.
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.
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.
For those who think the Consumer Financial Protection Bureau’s pendulum has swung too far in one direction, the song being sung by Jonathan McKernan during his prepared remarks before the Senate Banking Committee today at his nomination hearing to be the Bureau’s next director will feel like listening to a greatest hits anthology. McKernan will say that the Bureau has “pushed beyond the limits of its statutory authority,” “seized opportunities to expand its jurisdic
Suit Accuses Collector of Communication with Plaintiff After Notice of Representation Breaking Down McKernans Confirmation Hearing As Expected, CFPB Reverses Course, Drops Five Lawsuits Judge Grants MTD in FDCPA Case Thanks to SOL WORTH NOTING:PredictingSundays Oscar winners The problems you start dealing with if youhave just one nightof bad sleep Why consumers are holding an economic blackouttoday High interest rates and high home prices arekeeping a record numberof potential homebuyers on the
EDITORS 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? Call (855) WEB-RECON or email admin@webrecon.net today!
Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
130 
Let's personalize your content