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There has been a lot of discussion in the collections business about automated dialing equipment over the last few years as it relates to new industry regulation (the Telephone Consumer Protection Act, TCPA) and its application in practice. First, in a 2013 judgment of Nelson v. Santander , the plaintiff was awarded approximately $572,000 in damages relating to the use of automated calling equipment.
Credit Collections Bureau represent a broad base of healthcare, retail, and financial clients from sole proprietors to large corporations. Over 7000 clients have come to trust CCB with their accounts receivable collections. CCB has not branched out into different businesses. We have always concentrated on only one thing: accounts receivable collections.
Here’s an encouraging fact: there are things you can do with your business to improve the financial efficiency of your company! One of those things is to incorporate a few simple processes into your company’s accounts receivable department. Improving your system of accepting and managing receivable accounts will help you to collect revenues more quickly, and will minimize your organization’s propensity to lose money to bad debt.
We speak to a lot of service companies who, after months of back-and-forth with their client, come to the realization that they simply aren’t going to get paid for their work. What do you do when faced with that type of situation? If you had to get one thing right before you handed an aging account receivable off to collections, it would be the Final Notice.
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?
It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 trillion. That is an incredible amount - for reference, a stack of $1000 bills would be more than 67 miles high if it were to equal a trillion dollars…that’s where the bills are stacked on top of each other, not placed end-to-end!
If you’re a collection agency or creditor in New York, you need to be keeping an eye out for Senate Bill 3803. This bill was introduced to the state senate in February of this year, and the crux is that if approved, debt collectors would be prohibited from using social media to contact debtors. But what does this mean exactly, and what are some of the ambiguities associated with the proposed legislation?
If you’re a collection agency or creditor in New York, you need to be keeping an eye out for Senate Bill 3803. This bill was introduced to the state senate in February of this year, and the crux is that if approved, debt collectors would be prohibited from using social media to contact debtors. But what does this mean exactly, and what are some of the ambiguities associated with the proposed legislation?
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