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If you’re a small business owner or leader lying awake at night and stressed out over those unpaid invoices, you are not alone. Your bookkeeper tells you your bank account is shrinking, and your cash flow continuously goes negative. For many small and mid-sized businesses, late payments are not just a minor inconvenience, they can be a slow bleed that affects areas from payroll to your Peace of Mind.
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.
Debt collection has traditionally been viewed as a cumbersome and often stressful process. However, the advent of mobile payment solutions has revolutionized the industry, offering both debtors and creditors a seamless and efficient method to manage debt repayment. Why Mobile Payments Are Changing Debt Collection In recent years, mobile payment platforms have become widely adopted across multiple industries due to their convenience, speed, and accessibility.
Lambeth Council is currently owed £62.8 million in overdue invoices and debts – an increase of more than 12% on last year’s figures. This has led to fresh concerns over how the authority manages its finances and enforces debt collection. The figure are revealed in a report due presented to the Overview and Scrutiny Committee on 20th May, which paints a worrying picture of rising debt levels, outdated processes, and overburdened staff struggling to keep pace.
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
Instead of starting with large language models, financial advisers should begin with smaller ones, teaching them specific tasks and letting them develop gradually, “like a puppy”, Dynamic Planner’s growth director has insisted. “You feed it knowledge, let it grow with you, and your use of… The post Advisers should train AI tools gradually ‘like a puppy’ appeared first on Money Marketing.
Financing is a service that has been available for big-ticket purchases for quite some time. Lending has expanded within the past few years to include “Buy Now, Pay Later” (BNPL) options, available for smaller items, such as clothing bought online. New Yorkers can even use BNPL services when ordering food through delivery apps. The rapid expansion of this industry has led to recent changes to legislation in New York, which will affect debt collection efforts statewide.
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Financing is a service that has been available for big-ticket purchases for quite some time. Lending has expanded within the past few years to include “Buy Now, Pay Later” (BNPL) options, available for smaller items, such as clothing bought online. New Yorkers can even use BNPL services when ordering food through delivery apps. The rapid expansion of this industry has led to recent changes to legislation in New York, which will affect debt collection efforts statewide.
A District Court judge in Texas has granted a motion for summary judgment filed by the defendants in a Fair Debt Collection Practices Act and Telephone Consumer Protection Act case, ruling that three text messages and three phone calls over the span of eight weeks were not harassing even though the attempts were intended for someone else, and even a least sophisticated consumer would not have been confused because the messages referenced someone with a different name than the plaintiff’s.
Telehealth and virtual care have dramatically reshaped healthcare delivery, providing accessible, efficient, and patient-friendly alternatives to traditional in-person visits. Yet, telemedicine brings unique billing and debt collection challenges, requiring tailored strategies distinct from conventional medical billing. Telehealth providers should partner with a collection agency that is HIPAA-compliant, highly rated, licensed in all 50 states, and experienced in medical collections.
The UK Insolvency Service has appointed its first crypto intelligence specialist to help with enforcement recover crypto from bankruptcy, civil and criminal cases. Andrew Small, a former police investigator with a background in economic crime, will lead efforts in enforcement to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according to a June 9 statement from the Insolvency Service.
Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article Should You Get an Online Business Loan or a Bank Loan? originally appeared on NerdWallet.
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.
Intelliflo has announced the launch of two new propositions to the adviser community available through Intelliflo Office: Intelliflo IQ and Intelliflo video. The solutions, which were launched at Intelliflo’s annual adviser conference today (10 June), are designed to drive efficiencies, unlock the power of data… The post Intelliflo launches two new solutions to help ‘drive adviser efficiencies’ appeared first on Money Marketing.
In a report that was first publicized by ACA International, the California Department of Financial Protection and Innovation has released its 2024 annual report detailing activities under the California Consumer Financial Protection Law (CCFPL), and debt collectors remain a top target. Of the 2,388 consumer complaints filed under the CCFPL last year, 31% were related to debt collection, second only to crypto assets.
Key Insights Converting all vacant office space nationally could create about 1.25 million new apartments. 72.5% of U.S. cities saw office vacancy rates rise year-over-year. New York – Midtown alone could add 78,121 apartments from its empty offices , the highest of any city. A new study by The Kaplan Group analyzes office vacancy trends and the number of apartments that could be built if all empty offices were turned into homes across 91 major U.S. cities.
June 5, 2025-Chicago-Commercial Collection Agencies of America is proud to announce the appointment of Conrad Ragan to the Independent Standards Board effective immediately. Ragan was recently approved by his Standards Board peers. “We are grateful that Conrad has joined the Board, which consists of accomplished business professionals who represent all facets of the accounts receivable management arena.
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.
Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. The article 5 Things to Know About the Karat Card originally appeared on NerdWallet.
Good morning and welcome to your Morning Briefing for Tuesday 10 June 2025. To get this in your inbox every morning click here. Tailored MPS gains momentum The level of assets in tailored model portfolio service (MPS) arrangements has hit 17% of total platform MPS… The post The Morning Briefing: Tailored MPS gains momentum; SJP holds landmark virtual careers day appeared first on Money Marketing.
Getting updates and information about New York City’s proposed debt collection regulation is difficult if you’re not on the inside, but it appears as though there was a deadline yesterday to submit comments on proposed amendments. I’m reaching that conclusion because ACA International mentioned it “rallie[d]” for amendments in a post that was published to its site this morning (but was only accessible to members), and I came across this document from the American Financial Services Association,
As regulators and policymakers across the federal government press forward with creating long-sought rules of the road for the cryptoasset industry, several recent developments bear particular significance for the promise of the decentralized internet, or Web3. Among these is the SEC’s announcement of the first comprehensive guidance addressing a keystone of Web3’s leading blockchain networks — the “proof-of-stake” consensus mechanism and the critical role of “staking.
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.
How much of your staff’s time is spent doing repetitive tasks to manage customer signatures and payments? Task automation streamlines day-to-day responsibilities so teams can devote their time to more important issues. Task automations are a lifesaver when your office needs to: Manage complex contract workflows across departments Monitor payments for deal stages or reconciliation Send many messages to many customers Before you can improve your business process automation , it’s important to unde
Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com. The article How Much Does Obamacare Insurance Cost? originally appeared on NerdWallet.
The Financial Conduct Authority (FCA) has collaborated with Nvidia to launch a “supercharged” sandbox to help firms experiment safely with artificial intelligence (AI) to support innovation. Financial services firms will have the opportunity to experiment with AI using Nvidia accelerated computing and Nvidia AI enterprise… The post FCA collaborates with Nvidia to launch AI sandbox appeared first on Money Marketing.
A District Court judge in Pennsylvania has dismissed a certified Fair Debt Collection Practices Act class-action, ruling the plaintiffs did not have standing after alleging the defendants misrepresented the balance that was owed when filing a proof-of-claim related to the plaintiff’s bankruptcy. The background: The case began in 2019 when the plaintiffs filed suit under the FDCPA against two debt collection companies, alleging that a proof of claim (POC) submitted in their Chapter 13 bankr
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.
Earlier this year, Judge Reed O’Connor made headlines when he rejected a plea agreement between the Department of Justice (“DOJ”) and Boeing. O’Connor rejected the agreement because it required the DOJ to consider its DEI policies in selecting a corporate monitor, and the judge found that this term infringed on the court’s responsibility to select the monitor solely on merit.
At the Law Offices of Alan M. Cohen & Associates LLC, our commercial collections lawyers understand how frustrating it can be when a debtor owes you money and seems to be dodging payment. In addition, if your debtor owes money to multiple creditors, you might feel like you are at the back of a long line. You might even feel like you will never see a dime.
Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Where to Park Cash if You’re Worried about the Stock Market originally appeared on NerdWallet.
The level of assets in tailored model portfolio service (MPS) arrangements has hit 17% of total platform MPS assets under management, Platforum has revealed. In its latest UK wealth management report, the consultancy said platform MPS now amounts to 20% of wealth management market assets… The post Tailored MPS trend continues to gain momentum, Platforum finds appeared first on Money Marketing.
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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