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A bill has been introduced in the Senate that seeks to prohibit financialinstitutions from denying services to law-abiding businesses, such as companies in the accountsreceivablemanagement industry, as a means of ensuring crackdowns like Operation Choke Point never happen again. The legislation, S.
CHICAGO — April 6 — CMS Services, a leading provider of compliance management services to the AccountsReceivableManagement industry, is excited to announce the launch of its Bank Terms & Conditions portal, providing copies of the terms and conditions issued by hundreds of credit grantors and financialinstitutions nationwide from (..)
the chairwoman of the House Financial Services Committee, yesterday announced the representatives who will chair the committee’s six subcommittees. Of most interest to the accountsreceivablemanagement industry is likely the Subcommittee on Consumer Protection and FinancialInstitutions.
.” About Finvi For 45 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, accountsreceivablemanagement, and financialinstitutions.
Updates to the Gramm-Leach-Bliley Act (GLBA), the Safeguards Rule , provide financialinstitutions, including those in the accountsreceivablemanagement industry, with requirements on how to safeguard customer information, went into effect on June 9.
About Finvi For 45 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, accountsreceivablemanagement, and financialinstitutions.
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 financialinstitutions, including those in the accountsreceivablemanagement industry, with guidance on how to safeguard customer information.
About Finvi For more than 40 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accountsreceivablemanagement, and financialinstitutions.
Factoring, specifically, is a way to raise money by selling unpaid invoices and debt to a factoring company or other financialinstitution. There are some other financial services that they may offer, however. AccountsReceivableManagement: The best way to prevent debt is with a solid accountsreceivablemanagement plan.
30 deadline, approved the Debt Collection Licensing Act and legislation to create the Department of Financial Protection and Innovation (DFPI)—essentially a state version of the Consumer Financial Protection Bureau—Friday. The DFPI will include oversight of debt collectors and emerging financial technology products.
Ask for financial statements. Aim for other service providers – banks and financialinstitutions are less likely to share information. Write them down and keep them somewhere where you can access it but make sure your AccountsReceivable staff can access this information easily when contacting an outstanding account.
On June 30, the Federal FinancialInstitutions Examination Council (FFIEC) issued a new booklet in the FFIEC Information Technology Examination Handbook series, titled, “Architecture, Infrastructure, and Operations.” For more information, click here. For more information, click here. For more information, click here.
Senator Ted Cruz introduced the FinancialInstitution Customer Protection Act of 2021, which seeks to prohibit financialinstitutions from denying services to law-abiding businesses, such as companies in the accountsreceivablemanagement industry. On April 13, U.S.
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