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Many important aspects go into choosing payment collection software for your debt collection agency. Thinking about everything you must consider can be daunting. When examining your payment collection software, start with these four areas to decide if its doing all it can for your agency. 1. Security With the increase in data breaches in recent years, cyber security is a huge concern for businesses and consumers.
In our modern times, its easy to find whatever youre looking for within a few clicks. Though the internet makes finding goods and services simple, that doesnt mean the first option you come across will be whats best for you. This is especially true when it comes to legal services. Its important to do your research and connect with an attorney who can move your debt collection case forward.
Getting to Know Sharn Fuller of Crown Asset Management Statute of Limitations Sinks Plaintiffs FCRA Claim in Florida Court Survey Reveals Debt Reduction as Top Priority for Americans This Year New York Governor Proposes Overhaul of Overdraft and NSF Fee Regulations WORTH NOTING: Tips to help you treat cuts and burns at home, and when you should seek medical advice … A lot of Americans don’t have anything saved up for a rainy day … Insights into how American’s prefer their
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?
Effective accounts receivable (AR) management is crucial for maintaining a healthy cash flow and ensuring the financial stability of any business. While setting credit limits is fundamental, adopting a comprehensive strategy encompassing various elements can significantly enhance your AR processes. This article explores key components beyond credit limits that contribute to robust AR management. 1.
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
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I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
A District Court judge in Florida has granted a defendant’s motion to dismiss claims it violated the Fair Credit Reporting Act, rejecting the plaintiff’s arguments that her claim should not be subject to the law’s two-year statute of limitations for filing a claim. The background: The case was filed after the plaintiff alleged that the defendant accessed her consumer credit report without a permissible purpose on March 31, 2022.
Many consumers use the month of January to reflect on their financial goals and make resolutions to improve their personal finances. According to the latest Debt and New Year’s Resolutions Report from the Certified Financial Planner Board of Standards, debt reduction stands out as a primary financial focus for consumers this year, with nearly half of U.S. households carrying significant debt.
In a move aimed at enhancing consumer protection, New York Gov. Kathy Hochul unveiled new proposed regulations on overdraft and non-sufficient funds (NSF) fees as part of her 2025 State of the State address. These changes, spearheaded by the New York Department of Financial Services (DFS), are designed to curb what the state deems as unfair banking practices, particularly those related to overdraft fees for minor transactions.
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