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A Senate committee in the Indiana state legislature has advanced a medical debt collection bill, Senate Bill 317, which aims to introduce new consumer protections related to medical debt. The bill, which passed unanimously in the Senate Health and Provider Services Committee, seeks to regulate hospital payment plans, limit wage garnishments, and restrict liens on primary residences for eligible low-income individuals.
Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays. The FSB has described late payments as one of the biggest problems facing small businesses and with the Government announcing plans to crack down on late payments with stricter laws to help smaller businesses and grow the UK economy The research highlights the problem.
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management Turnkey Speech Analytics. And Our New BLG360 Program Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Direct mail is the old-school method for reaching consumers regarding their debt, but over time several factors have reduced the effectiveness of letters in collection communicationsconsumer preference and cost being the most prevalent. But specific state compliance regulations and other use cases prove that snail mail still has its place in the omnichannel mix.
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?
A District Court judge in Maryland has granted a motion to dismiss claims that a creditor and a collection law firm violated the Fair Debt Collection Practices Act and state consumer protection laws, ruling that the plaintiffs allegations failed to plausibly demonstrate any unlawful conduct. The background: The lawsuit stemmed from an unpaid credit card debt.
Every business owner knows the frustration of chasing unpaid invoices. You send polite reminders, follow up with calls, and stillradio silence. But why do customers avoid paying their debts, even when they have the means to do so? Its easy to assume that all late payments are due to financial hardship, but the reality is. Read more » The post The Hidden Psychology Behind Unpaid InvoicesAnd How to Overcome It appeared first on JMA Credit Control.
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Every business owner knows the frustration of chasing unpaid invoices. You send polite reminders, follow up with calls, and stillradio silence. But why do customers avoid paying their debts, even when they have the means to do so? Its easy to assume that all late payments are due to financial hardship, but the reality is. Read more » The post The Hidden Psychology Behind Unpaid InvoicesAnd How to Overcome It appeared first on JMA Credit Control.
Sacramento, Calif. Members of Receivables Management Association International (RMAI) elected Officers and Directors to its Board for 2025. Of the ten-member Board, eight are continuing service from the previous year. The 2025 Officers and Directors are: Michael Cassidy is joining the RMAI Board of Directors for 2025, in a certified debt-buyer seat.
For businesses, unpaid invoices are more than just an inconveniencethey can disrupt cash flow, strain client relationships, and create long-term financial instability. While some customers fall behind on payments due to genuine financial hardship, others may simply struggle with poor money management or competing financial priorities. Either way, the challenge for businesses is the same: Read more » The post How to Negotiate Payment Plans That Work for Both You and Your Customers appeared f
Suit Accuses Defendant of Marking Refusal to Pay as Dispute Judge Dismisses FDCPA Suit Because Claims Werent Specific Enough Indiana Legislature Advancing Medical Debt Collection Bill 2025 Officers & Directors Elected to Lead Receivables Management Association International Compliance Digest – February 18 WORTH NOTING: The 10 best “feel good” movies of the past 10 years … The states where flu activity is the highest … How far would you go to find a hard drive wi
Persistent, motivating, and passionate: these are the words his friends use to describe him. He is one of the main actors in the success of CreditY , he has a passion for politics and, in his free time, he teaches children about the importance of financial independence. Meet Stijn Horlings, Customer Success Manager at Onguard! From customer service to customer success Stijns first real job was in the crypto world.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!
Ending a client relationship is never easy, as it often involves navigating complex emotions and potential conflicts. However, handling the situation with professionalism and tact can significantly preserve your reputation and safeguard future business prospects. By approaching the termination with a clear strategy and respectful communication, you demonstrate integrity and reliability, which are highly valued qualities in the business world.
As the commercial real estate (CRE) market braces for a potential financial crisis in 2025, the landscape is riddled with uncertainty. A high volume of commercial mortgages are set to mature (estimated at $950 billion over the next twelve months), and the financial and operational stresses on borrowers are expected to escalate. This confluence of factors could lead to a wave of defaults, significantly impacting both lenders and borrowers.
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