Mon.Jan 29, 2024

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Avoid Common Tax & Accounting Mistakes For Your B2B Business

Enterprise Recovery

Complex tax questions can be especially confusing for small businesses, freelancers, or startup companies. It's important that your business's financial records are maintained with integrity and organization. If you're a one-person department or temporarily taking on the accounting role, it's natural to have some questions and uncertainties. Avoid common accounting mistakes and ensure a smooth tax season with these best practices.

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RMAI 2024 Annual Conference Capitalizes on Super Bowl Excitement

Account Recovery

January 26, 2024 (Sacramento, CA) – RMAI’s 2024 Annual Conference will be held this year from February 5-8, 2024, in Las Vegas, just one week before Las Vegas hosts this year’s Super Bowl.

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Florida Bankruptcy Court Sanctions Debt Buyer for Seeking to Collect Debt that Consumer Failed to Schedule in Bankruptcy Case

Troutman Sanders

The debt purchaser in In re McIntosh argued that because it was enforcing a debt that was not listed correctly on the debtor’s bankruptcy schedules, it was entitled to assume the debt had not been discharged. The U.S. Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages.

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Daily Digest – January 29. Judge Denies MSJ In FDCPA Case Over Early Phone Calls; Virginia House Passes Medical Debt SOL Bill

Account Recovery

Judge Denies MSJ In FDCPA Case Over Early Phone Calls Virginia House Passes Medical Debt SOL Bill Delinquency Rates Keep Rising for Nearly All Consumers Compliance Digest – January 29 WORTH NOTING: The best Valentine’s Day gifts for kids … The benefits that go along with traveling by yourself and some places to put on […]

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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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A Strategic Approach to Debt Settlement Campaigns for Tax Season

PDC Flow

Debt settlement campaigns are initiatives where debt collection agencies offer a discount to consumers to boost collection on old or unresponsive accounts. Tax season is the best time to consider a debt settlement campaign within your debt collection agency. A debt settlement campaign can help your agency: liquidate inventory more quickly increase revenue for you and your clients increase the energy and morale on your collection floor At the same time, your consumer gets a deal, reduces their de

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Top 12 Budget Categories You Need in Your Plan

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Making a financial plan can be intimidating, especially if you don’t know all of the essential budget categories you should include.

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Delinquency Rates Keep Rising for Nearly All Consumers

Account Recovery

Context is everything, including when it comes to data. Looking at delinquency rates published on Friday by VantageScore, if all you focused on was how much they changed from one month to the next — from November to December — the story would be pretty boring. For the most part, delinquency rates were unchanged.

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NCUA Announces Supervisory Priorities for 2024

Troutman Sanders

On January 23, the Chairman of the National Credit Union Administration (NCUA) released a letter outlining its supervisory priorities for the new year. While the organization acknowledged that the credit union system had remained largely stable during 2023, it observed growing signs of financial strain on balance sheets. Specifically, the “rise in interest rate and liquidity risks resulted in an increase in the number of composite CAMELS code 3, 4, and 5 credit unions.

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Compliance Digest – January 29

Account Recovery

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.

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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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FINRA Finds Potential Rule Violations in Crypto Asset Sweep

Troutman Sanders

In November 2022, the Financial Industry Regulatory Authority (FINRA) launched a targeted crypto asset sweep, reviewing more than 500 retail communications related to crypto assets from member firms. In its review, FINRA found various violations of its Rule 2210, which requires fair and balanced communications from broker-dealers to the public, including “potential substantive violations” in about 70% of the communications.

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Virginia House Passes Medical Debt SOL Bill

Account Recovery

One chamber of the Virginia legislature has passed a bill that would reduce the statute of limitations on medical debt to three years while also expanding the definition of medical debt and the types of facilities that are subject to the law. The Who: The bill was introduced by state Delegate Nadarius Clark, a Democrat.