UK debt collections
JANUARY 5, 2022
One of the most tiresome aspects of running a Small Business in the UK is chasing unpaid invoices. Over 50% of small business owners have reported that it costs them time and money trying to get paid small Business paid on time. Credit control is often regarded as a time consuming and resource draining for any small business. Countless hours, even days can be spent chasing payment of unpaid invoices.
Collection Industry News
JANUARY 3, 2022
Source- site. Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. It’s easy to feel overwhelmed by debt. Unpaid student loans, an ever-increasing credit card balance with high interest, a monthly car payment: these are just a few reasons why young consumers feel like they carry a huge financial weight on their shoulders.
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Account Recovery
JANUARY 5, 2022
To a large degree, events and trends that happen outside the accounts receivable management industry shape what happens inside the industry. What trends, milestones, hazards, and circumstances will determine the path of the ARM industry in 2022? AccountsRecovery.net asked veterans from across the country to share their predictions for the events and trends that will … The post The Events and Trends That Will Shape the ARM Industry in 2022 appeared first on AccountsRecovery.net.
Enterprise Recovery
JANUARY 7, 2022
Every year, we take a look back at the previous year's blog entries to learn more about what you, our readers, want to see. In 2020, we observed that our readers were interested in building out their own successful A/R departments and first-party collections efforts. We're here to help! Use the top accounts receivable and business collections posts of 2021 to increase cash flow in 2022.
Speaker: Anna Tiomina, MBA
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?
Nexa Collect
JANUARY 6, 2022
Wholesale and distribution companies are the vital link between manufacturers and customers, and their role in US economy is undoubtedly very crucial. However, distribution companies regularly have accounts receivable that are generally B2B in nature. The probability of collecting money from unpaid invoices decreases as time passes by. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 7, 2022
FDCPA CLASS-ACTION COMPLAINT ACCUSES COLLECTOR OF OVERSHADOWING Does threatening to permanently disconnect an individual’s suspended cell phone service constitute overshadowing? That particular individual is alleging that it does, accusing a collector of violating the Fair Debt Collection Practices Act in a class-action lawsuit. NCLC PUBLISHES GUIDE OF STATE CONSUMER PROTECTION LAWS GOING INTO EFFECT IN … The post Daily Digest – January 7.
Nerd Wallet
JANUARY 7, 2022
You probably know to plan and save for the big and boring expenses, aka financial needs. But what about the fun stuff? Expenses that don’t put a roof over your head, but do provide joy, rejuvenation and other hard-to-quantify benefits are worth saving for, too. In fact, they deserve their own account, says Delia Fernandez, Laura McMullen writes for NerdWallet.
Prosperity Now
JANUARY 6, 2022
Yesterday, Prosperity Now submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in support of the CFPB's proposed
Burr Forman
JANUARY 4, 2022
Employment Authorization Document (EAD) processing times have been severely delayed in recent years, rendering certain dependent nonimmigrants temporarily ineligible to work and causing gaps in some U.S. employers’ workforces. An EAD can take over 12 months for adjudication under current processing times. Recently, USICS issued guidance expanding its automatic EAD extension rules to apply to additional foreign nationals.
Speaker: Melissa Hurrington
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.
Account Recovery
JANUARY 7, 2022
Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc., Jim … The post Commercial Collection Agencies of America Announces Board of Directors appeared first o
Nerd Wallet
JANUARY 6, 2022
January mortgage rates forecast I predict that mortgage rates will stay about the same in January. They’re more likely to dip modestly than to rise. The omicron variant of COVID-19 might exert its strongest impact on the U.S. economy and health care system in January, before easing up in February. I expect the economic effect. Holden Lewis writes for NerdWallet.
Jimerson Firm
JANUARY 4, 2022
A new Florida law, effective July 1, 2021, prohibits local governments from requiring a person to obtain a local contractor’s license for certain types of work, including plastering, painting, and flooring. This new law also phases out local governments from issuing certain types of contractor’s licenses until July 1, 2023, and shifts all contractor’s licensing to the Florida Department of Business and Professional Regulation (“DBPR”).
Troutman Sanders
JANUARY 4, 2022
Colorado and Delaware have enacted new laws for automatic renewal or negative options offers. The new laws became effective January 1, 2022. Illinois already has a law on the books related to automatic renewals but has recently made a few minor amendments to it. Colorado. Companies must disclose the following in a clear and conspicuous manner before executing the contract: The contract will automatically renew or extend after the initial period for a set period of not more than one year unless t
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Account Recovery
JANUARY 6, 2022
A company that made cash advances to small businesses has reached a settlement with the Federal Trade Commission that will see the defendants pay $675,000 while also being permanently banned from participating in any debt collection activities. A copy of the stipulated order for permanent injunction and monetary judgment in the case of FTC v. … The post Settlement With FTC Bans Defendants From Collections, Imposes $675k Fine appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 1, 2022
It’s 2022, and the new normal still feels pretty abnormal. The holiday season came and went, and we all learned a lot about supply chain management. If you’re reading this, you’re likely unfazed by product delays and determined to save a buck in the new year. The good news is you can count on a. Tommy Tindall writes for NerdWallet. Email: ttindall@nerdwallet.com.
Public Citizen
JANUARY 5, 2022
This Consumer Financial Protection Bureau today issued a report on the effect of changes in complaint responses provided by nationwide consumer reporting companies. The CFPB found that the changes resulted in fewer meaningful responses and less consumer relief: In 2021, Equifax, Experian, and TransUnion together reported relief in response to less than 2% of covered complaints, down from nearly 25% of covered complaints in 2019.
Better Credit Blog
JANUARY 3, 2022
According to the FTC, 1.4 million reported identify theft incidents in 2020, an increase from 650,000 in 2019. This seems to be a particularly American problem, as 33 percent of U.S. adults have experienced identity theft, per the online protection agency Identity Force. Identity theft can be a major headache, as a person with your information can open up a credit card or bank account in your name, and also apply for a loan, and take several other actions that can wreck your credit.
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.
Account Recovery
JANUARY 6, 2022
The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Brian Striker of
Nerd Wallet
JANUARY 5, 2022
With vehicles in short supply at the dealership, more shoppers are ordering cars from the factory. In return for a wait of a few weeks — or months — you get exactly what you want. In the current market, you’re likely to save money as well. While Americans have long been accustomed to finding a. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.
Public Citizen
JANUARY 6, 2022
In December, the Supreme Court granted the petition in Viking River Cruises v. Moriana , which poses the question whether the Federal Arbitration Act requires state courts to enforce a waiver of a statutory right of action to collect penalties on behalf of a state, in violation of neutral principles of state law prohibiting such a waiver, if the waiver is set forth in an arbitration agreement.
UK debt collections
JANUARY 6, 2022
Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. The news that a ban is likely to be introduced in the coming months. There is always a spike in borrowing over the christmas period as research shows. Many spend without thought of the consequence of paying it back then panic when they do.
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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Account Recovery
JANUARY 7, 2022
The National Consumer Law Center has published a guide of all the state consumer laws that are currently scheduled to go into effect at some point in 2022, providing a handy reference to anyone who needs to be aware of such changes. For companies in the accounts receivable management industry, some notable items on the … The post NCLC Publishes Guide of State Consumer Protection Laws Going Into Effect in 2022 appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 5, 2022
As another year greets us, people around the world have started finessing their New Year’s resolutions. Here’s one surprising resolution, reported by an AmEx Trendex travel trends poll conducted in October 2021: 52% of respondents have a desire to take more vacation time in 2022 than 2021. But for those who want to get away, Carissa Rawson writes for NerdWallet.
Hudson Weir
JANUARY 7, 2022
Knowing what happens to staff when a company goes into administration is very important, regardless of where you are in the process. For a business facing insolvency, administration can provide additional time to tackle debts and some breathing space from creditor claims. Typically ending within a year, several outcomes are possible including the company being returned to directors’ control, liquidated , or dissolved.
Fraser
JANUARY 7, 2022
The Internal Revenue Service recently released Notice 2022-04 which sets forth the PCORI amount imposed on insured and self-funded health plans for policy and plan years that end on or after October 1, 2021 and before October 1, 2022. Background. The Patient-Centered Outcomes Research Institute (PCORI) fee is used to partially fund the Patient-Centered Outcomes Research Institute which was implemented as part of the Patient Protection and Affordable Care Act.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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