American Profit Recovery

SEPTEMBER 18, 2024

“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.

Collection Agencies 214

Collection Agencies Collections Agency Debt collector Collections 214

Account Recovery

SEPTEMBER 18, 2024

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.

Fair Debt Collection 130

Fair Debt Collection Collections Credit Management 130

Consumer Finance

SEPTEMBER 18, 2024

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

117

117

Account Recovery

SEPTEMBER 18, 2024

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

Collections 130

Collections 130

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Consumer Finance

SEPTEMBER 18, 2024

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

Financial services 92

Financial services 92

UK debt collections

SEPTEMBER 18, 2024

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.

Collections 70

Collections 70

Account Recovery

SEPTEMBER 18, 2024

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

Financial Institution 130

Financial Institution Collections 130

FFGN COLLECT NY

SEPTEMBER 18, 2024

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).

Loans 52

Loans Collections 52

Account Recovery

SEPTEMBER 18, 2024

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.

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Banks