Thu.Feb 08, 2024

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2024 Officers & Directors Elected to Lead Receivables Management Association International

Account Recovery

February 8, 2024 (Sacramento, CA) – Members of Receivables Management Association International (RMAI) elected Officers and Directors to its Board for 2024. Of the ten-member Board, eight are continuing service from the previous year.

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Boost Your Business's Cash Flow with Accounts Receivable

Enterprise Recovery

Accounts receivable is an essential aspect of any business's financial management. It refers to outstanding payments owed to your company for goods or services provided on credit or with an agreement that payment is owed. By allowing your business clients to defer payment, your company can attract more clients and increase sales. Managing A/R effectively , however, is crucial to maintain a healthy cash flow.

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Daily Digest – February 8. Getting to Know Bryana Watson of Capio; Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Penn. CDCA Licensing Issue

Account Recovery

Getting to Know Bryana Watson of Capio Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Penn.

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Contractors Beware: The Importance of Due Diligence in Construction Contracting—A Lien Rights Horror Story

Jimerson Firm

In the world of construction, contracts form the foundation for successful projects, and most contractors understand the importance of negotiating their contract terms. However, many contractors underestimate the importance of due diligence when entering into an agreement. By “due diligence,” I mean looking outside the language of your contract to analyze the property and project team to identify potential risks, liabilities, or obstacles that could negatively impact your rights or the construc

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Solve Your Firms Automation Complexities Once and For All

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.

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FCC Bans Use of AI in Robocalls

Account Recovery

In an unanimous ruling yesterday, the Federal Communications Commission issued a declaratory ruling, announcing that using voices generated by artificial intelligence in robocalls is now illegal under the Telephone Consumer Protection Act.

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Collector Facing FDCPA Suit Over BK Filing, Not Making SOL Disclosure

Account Recovery

EDITOR’S 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?

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2023 Payments Year in Review: CFPB and FTC Regulatory Trends

Troutman Sanders

In the first installment of a two-part Payments Year in Review series , Keith Barnett, Carlin McCrory, and Josh McBeain delve into the payments landscape of 2023 and share their predictions for 2024. Our co-hosts discuss the Consumer Financial Protection Bureau’s (CFPB) proposed rule to supervise “larger participants” in the market for general-use digital consumer payment applications.

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Judge Dismisses FDCPA Suit Over Collection Suit Filed in Wrong Jurisdiction

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff failed to state a claim after accusing the defendant of violating the statute by sending a collection summons and complaint to an incorrect address, obtaining a default judgment, and garnishing […]

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Year in Review and a Look Ahead: Fintech Developments

Troutman Sanders

Join us for the second episode of our Year in Review and a Look Ahead series, where we delve into the fintech world. Our host, Chris Willis, co-leader of Troutman Pepper’s Consumer Financial Services Regulatory practice, is joined by James Kim who leads the firm’s Fintech practice. They discuss the significant events in the fintech sector in 2023 and what to anticipate in 2024, covering key regulatory developments, the impact of the Consumer Financial Protection Bureau’s proposed rules, and the

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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CFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit

Account Recovery

The Consumer Financial Protection Bureau yesterday announced a settlement in an enforcement action that started nearly a decade ago which will see those involved in a foreclosure relief scam pay $12 million in penalties and restitution to consumers.

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5 Common Payment Processing Problems & How to Solve Them

Micro Bilt

Payment processors are facing more challenges than ever. Fraud, compliance, and increased competition are all placing more pressure on businesses looking to retain their customers going into the new year.

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Student Loan Debt Relief Scammers Banned Under Settlement with FTC

Account Recovery

The Federal Trade Commission has reached a settlement with the a group of companies and the individuals behind them that were accused of violating the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, and the Federal Trade Commission Act by marketing student loan forgiveness programs that made false promises and collected millions in illegal upfront fees.

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Consumers OK For Now, But Without Help, Problems Could be on The Horizon

Account Recovery

LAS VEGAS — 2024 is going to be the year where the accounts receivable management industry will find out just how well-positioned consumers are to keep making payments on their debts and this will be a year where heightened placement volume will soften the blow of decreasing liquidation rates, according to a panel discussing the […]

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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Getting to Know Bryana Watson of Capio

Account Recovery

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.

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Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Penn. CDCA Licensing Issue

Account Recovery

In a case that was defended by Brit Suttell and the team at Barron & Newburger, the Court of Appeals for the Third Circuit has upheld a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it attempted to collect on a debt — […]