Account Recovery

DECEMBER 18, 2024

A Washington man was sentenced yesterday to nearly two years in federal prison for his role in a multi-year debt consolidation scheme that defrauded consumers across Oregon and Washington. His business partner remains at large as legal proceedings continue. Driving the news: Javier Antonio Banuelas Urueta, 55, of Vancouver, Wash., received a 21-month prison sentence and was ordered to pay $115,750 in restitution for conspiring to commit and committing mail and wire fraud.

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Debt Consolidation 246

Collections Law

DECEMBER 18, 2024

In the business world, extending credit is often necessary to build relationships and expand your customer base. But without the right protections, it can also lead to unpaid debts and financial headaches. Fortunately, a credit application contract is a powerful tool that sets the stage for successful transactions and protects your business interests.

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Commercial Collection Creditworthiness Credit Management Lawyers 52

Account Recovery

DECEMBER 18, 2024

In an en banc decision released yesterday, the Virginia Court of Appeals upheld a circuit court ruling that a debt buyer had standing to sue for an unpaid credit account balance, affirming its ownership of the debt, while reversing the circuit courts decision to dismiss the consumers counterclaim, citing lack of jurisdiction. The background: The legal battle began when the plaintiff, a debt buyer, filed a warrant in debt against the defendant, a consumer, in Virginia’s general district cou

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On Guard

DECEMBER 18, 2024

The trends of today are shaping the trends of tomorrow. How has 2024 unfolded and what is expected for 2025? As this year has come to an end, we gathered a list of the top trends in credit management through the past year: Trends in credit management #1: Increasing DSO in European companies A high Days Sales Outstanding (DSO) means that it takes longer for a company to collect money from its customers after making a sale, significantly affecting its cash flow and, consequently, its smooth operat

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Credit Management Accounts Receivables Management Bankruptcy Government 52

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.

Account Recovery

DECEMBER 18, 2024

House Financial Services Leaders Urge CFPB to Pause Rulemaking During Transition Debt Buyer Prevails in En Banc Ruling on Standing and Counterclaims Debt Consolidation Scam Lands Operator in Prison, Co-Conspirator Still At Large 24 Companies Seeking Collection Talent WORTH NOTING: Here is a list of 15 things you might not have known that your Android phone can do … How to prepare for winter driving and the resources you should keep in your vehicle … Experts weigh in on how to handle

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Financial services Debt Consolidation Collections 130

Account Recovery

DECEMBER 18, 2024

The current and future chairs of the House Financial Services Committee are pressing federal regulators, including the Consumer Financial Protection Bureau, to halt their rulemaking during the transition to the new administration. Whether the regulators will listen to the requests is a different story altogether. Driving the news: Committee Chairman Rep.

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Financial services Financial Institution Debt collector 130