Account Recovery

OCTOBER 6, 2023

The Consumer Financial Protection Bureau yesterday announced the newest round of appointments to its Consumer Advisory Board, Community Bank Advisory Counsel, Credit Union Advisory Counsel, and Academic Research Council, and once again, the accounts receivable management industry is on the outside looking in.

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Credits Inc

JULY 25, 2019

Your finances are no joke, which is why an accounts receivable management company may be the thing you need to take your business to the next level. accounts receivable management company. You will avoid late invoices. The last thing you want to happen is a late or forgotten invoice. academic institutions.

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On Guard

MARCH 25, 2022

Debtor management or accounts receivable seems fairly simple: money arrives, you note that the customer has paid and book the money into the company bank account. But those who know the process a little better, know that accounts receivable, especially in the automotive industry, is rarely that simple.

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PDC Flow

JANUARY 26, 2021

Here are just some of the many financial services podcasts available centering on accounts receivable , consumer finance and other aspects of business that can strengthen your skills and keep your company current. Even for those who don’t work in banking or investing will encounter relevant topics while running a business.

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Receivables Control

AUGUST 20, 2018

Do you remember going to the bank when there was a knowledgeable person to help you? Can you imagine talking to someone at a bank now? It’s the banks’ goal not to talk to you at all. Think about how simple banks make it to avoid human contact. Remember when we talked to each other? .

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True Accord

JUNE 6, 2023

Where data has its own intrinsic value and where data breaches and cyberattacks are a risk for every business, the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA) provides financial institutions, including those in the accounts receivable management industry, with guidance on how to safeguard customer information.

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CICM

MAY 19, 2022

Nils Strachanowski, VP Product for Cash Application, discusses how humans and Artificial Intelligence can collaborate in Accounts Receivable Management to achieve the best possible results. Even without any defined rules, AI can easily match receivables. Firstly there is ‘neat end to end processing’.

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Better Credit Blog

APRIL 1, 2022

With over 50 years of experience and a recovery record of about $6 billion in accounts receivable management for 60,000+ clients in the last decade, discovering Transworld Systems Collection on your credit report is never a welcomed situation. Especially when credit reporting agencies reduce your score by up to 50 points.

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Debt Recoveries

DECEMBER 6, 2020

Aim for other service providers – banks and financial institutions are less likely to share information. Write them down and keep them somewhere where you can access it but make sure your Accounts Receivable staff can access this information easily when contacting an outstanding account. Are they stable?

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Collection Industry News

JANUARY 18, 2022

DebtNext Software, a leading hosted recovery management software provider to the credit, banking, utility, telecom and collections industry for almost 20 years, is located in Copley, Ohio. DebtNext Software has been delivering robust solutions for their clients’ recovery management needs since its founding in 2003.

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Troutman Sanders

JULY 7, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The new law further protects up to $3,000 in consumers’ bank accounts. For more information, click here.

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Credits Inc

OCTOBER 16, 2019

They can help you correct bad debt by making account receivable collections to help you maintain a good and constant flow of income. a top agency such as an accounts receivable management collection agency can also monitor credit risks and can detect late payments on time as well. Aside from offering.

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True Accord

JULY 13, 2023

With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months.

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Collection Industry News

JULY 20, 2020

Mark Neeb, the chief executive of ACA International, wrote that he is concerned that “certain lawmakers have suggested that eliminating the work of the ARM Industry is a prudent action that should be taken in response to the coronavirus,” a reference to the accounts receivable management industry, a term of art for debt collectors.

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PDC Flow

MAY 11, 2021

Consumers were routinely unable to access their credit card or bank account information on the call. Another client, Accounts Receivable Management company Bayview Solutions , was looking for a way to speed up signatures, maintain compliance and reduce chargebacks. Bayview Solutions.

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Troutman Sanders

APRIL 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

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Collection Industry News

AUGUST 4, 2020

wage garnishment, bank account seizure) during the covered period (i.e. Van Hollen announced the legislation in a Senate Committee on Banking, Housing and Urban Affairs hearing Wednesday with Consumer Financial Protection Bureau Director Kathy Kraninger. Chris Van Hollen, D-Md., and Chris Murphy, D-Conn., 6800, the HEROES Act.”.

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Burt and Associates

FEBRUARY 3, 2025

The Rise in Business Borrowing The Global Findex Database reports that in 2021, nearly 45% of small businesses relied on credit to finance operations , with many turning to banks, alternative lenders, and trade credit. Default Rates : The delinquency rate on business loans rose to 2.1% in Q3 of 2023, up from 1.5%

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