Enterprise Recovery
SEPTEMBER 6, 2024
Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.
Account Recovery
SEPTEMBER 6, 2024
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UK debt collections
SEPTEMBER 6, 2024
A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year. New findings following a Freedom of Information Request revealed Warrington Borough Council sent 6,432 debts to bailiffs in 2022/23 – although the council says this was due to a backlog after suspending debt recovery for a three-year period during the pandemic.
Account Recovery
SEPTEMBER 6, 2024
A District Court judge in Missouri has partially dismissed a Fair Debt Collection Practices Act lawsuit against a collection attorney, leaving only one claim to proceed while dismissing others. The background: The case stems from a debt collection action related to unpaid homeowner association dues. The plaintiff owed $234 in fees to an HOA for a property in Missouri.
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?
Collection Industry News
SEPTEMBER 6, 2024
Student loan payments are due in October for the first time in three-plus years – but for the next 12 months, borrowers will be able to skip payments without facing the harsh financial consequences of defaulting on their loans. The Biden administration is providing what it’s called an “on-ramp period” until September 30, 2024. During that time, a borrower won’t be reported as being in default to the national credit rating agencies, which can damage a person’s credit score.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
SEPTEMBER 6, 2024
Sedric AI, a fast-growing player in the AI-driven compliance space for financial institutions, has raised $18.5 million in its latest funding round, marking a significant milestone for the company. The Series A round, led by Foundation Capital with backing from Amex Ventures, StageOne Ventures, and The Garage, brings Sedric’s total capital raised to $22 million.
Account Recovery
SEPTEMBER 6, 2024
Suit Accuses Collector of Reporting Wrong Condition Code on Disputed Debt Judge Dismisses 2 of 3 Claims in FDCPA Suit Over HOA Debt Sedric AI Raises $18.5M to Help Expand Company CFPB Releases Annual Report on Debt Collection WORTH NOTING: How humpback whales use bubbles to make their own kinds of fishing nets … Maybe take a few minutes this weekend and go through your change jar … Why companies are worried about having so many members of Generation Z in the workplace … The mos
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