Thu.Jan 23, 2025

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Four Important Features of Payment Collection Software

PDC Flow

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.

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Four Traits That Make a Good Debt Collection Lawyer

FFGN COLLECT NY

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.

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CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.

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Daily Digest – January 23. Getting to Know Sharn Fuller of Crown Asset Management; Statute of Limitations Sinks Plaintiff’s FCRA Claim in Florida Court

Account Recovery

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

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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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Beyond Credit Limits: A Holistic Approach to Accounts Receivable Management

Burt and Associates

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.

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Statute of Limitations Sinks Plaintiff’s FCRA Claim in Florida Court

Account Recovery

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.

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Survey Reveals Debt Reduction as Top Priority for Americans This Year

Account Recovery

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.

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New York Governor Proposes Overhaul of Overdraft and NSF Fee Regulations

Account Recovery

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.