Wed.Sep 18, 2024

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Don’t leave money on the table-why small invoices add up to positive cash flow

American Profit Recovery

“I have a lot of small invoices in my business that have not been paid. What should I do?” This is a common question our team gets from small and large businesses regarding lower dollar amount invoices that remain unpaid. Many businesses think it’s not worth the effort to implement collection activity on small invoices. But what if we told you that focusing on these in your business could add up to significant amounts of money recovered for your business.

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Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication

Account Recovery

A District Court judge in Oklahoma has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it responded to a certified letter from the plaintiff that email was the only way to conveniently contact her by sending another letter to the plaintiff via traditional mail. The background: Back in December, the plaintiff received a collection letter from the defendant.

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Prepared Opening Remarks of CFPB Director Rohit Chopra at the Aspen Institute on Abuse and Misuse of Our Personal Data

Consumer Finance

CFPB Director Rohit Chopra provided opening remarks at the 2024 Aspen Institute Cyber Summit.

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Appeals Court Vacates Ruling in Collections, Credit Reporting Case

Account Recovery

The Court of Appeals for the Second Circuit has vacated a lower court’s ruling in a case where the defendant was accused of harassing the plaintiff by sending a disputed termination fee to collections and reporting the debt to the credit reporting agencies. The lower court had granted a motion to compel arbitration that was filed by the defendant, but because the plaintiff never actually alleged that a federal law was broken, the lower court had no jurisdiction to issue a ruling, the Appea

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Prepared Remarks of CFPB Director Rohit Chopra at the Center for American Progress Housing Summit

Consumer Finance

Director Chopra delivered remarks on streamlining the refinancing process following the Federal Reserve federal funds rate reduction.

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City Council owed £229m in Unpaid Debt

UK debt collections

Bristol City Council is owed £229m in unpaid debt, included nearly £52m of council tax it has failed to collect. However unpaid invoices account for much of the debt – £88.6m – and £30.9m of this is not due until next year. Bristol City Council revealed the figure – which also included rent arrears and clean air zone (CAZ) charges – in a report to the strategy and resources policy committee on Monday.

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Daily Digest, September 18. Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication; Appeals Court Vacates Ruling in Collections, Credit Reporting Case

Account Recovery

Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication Appeals Court Vacates Ruling in Collections, Credit Reporting Case Text Messaging: The Next Frontier in Consumer Engagement for Financial Institutions 20 Companies Seeking Collection Talent WORTH NOTING: If you are looking for the secret to keeping good workers around, pay them compliments … A new AI-powered app is offering personalized allergy forecasts for people … There is a lot at stake with that firs

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How Do You Reaffirm an Unpaid Promissory Note?

FFGN COLLECT NY

Let’s say your company executed a promissory note with a client company that borrowed $100,000. The parties execute a valid promissory note on October 24, 2024, that indicates the amount borrowed and the date of repayment, October 15, 2025. Then around the date the note becomes due, the client states they need six additional months (April 15, 2026).

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20 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

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.