Remove Accounts Receivables Management Remove Banks Remove Collections
article thumbnail

Conn. Regulator Fines Collector For Collecting Interest on One Account

Account Recovery

The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry.

article thumbnail

Appeals Court Affirms Ruling For Defendant in Discrimination Case

Account Recovery

The following is not directly related to the accounts receivable management industry, but does underscore the importance of making sure that employees and collectors are not able to use the information they have access to in other jobs that they may have outside of working at a collection agency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Avoid These Business Killers: Hire an Accounts Receivable Management Company

Credits Inc

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. Hire a collection agency and your invoices will always go out on time. You will avoid late invoices. Conclusion.

article thumbnail

Five ways for automotive companies to shift their accounts receivable management into the next gear

On Guard

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.

article thumbnail

Customer Service Improves Collections

Receivables Control

Great customer service improves collection results? Before getting to the nuts and bolts of improving collections through customer service, step back a moment in time to the previous century, when people still talked to each other and before technology eroded personal, human interactions. Remember when we talked to each other? .

article thumbnail

Senators Propose COVID-19 Medical Debt Collection Relief Act

Collection Industry News

The COVID-19 Medical Debt Collection Relief Act , sponsored by U.S. would, according to a news release : Suspend all extraordinary collection actions by health care providers for all medical debt (e.g. wage garnishment, bank account seizure) during the covered period (i.e. Chris Van Hollen, D-Md.,

article thumbnail

Top Financial Services Podcasts for AR and Consumer Finances

PDC Flow

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.