Account Recovery
FEBRUARY 7, 2024
Delinquency rates are on the rise. The amount of debt being carried by consumers is on the rise. The number of accounts being placed with third-party collection agencies? That number is on the decline, according to data released yesterday by the Federal Reserve Bank of New York.
PDC Flow
FEBRUARY 7, 2024
As a law practice, it’s important to follow rules for how to handle a client’s money. This means keeping funds separate through different lawyer trust accounts and operating accounts. Using multiple accounts to manage these finances can be tricky. It’s essential to have strict financial management practices and payment software that can handle multiple lawyer trust and operating accounts.
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Enterprise Recovery
FEBRUARY 8, 2024
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.
Consumer Finance
FEBRUARY 7, 2024
The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.
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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
FEBRUARY 5, 2024
The governor of Connecticut has announced a plan to cancel $650 million in medical debt for as many as 250,000 residents of The Nutmeg State, which would make it the first state to offer this type of relief.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
UK debt collections
FEBRUARY 6, 2024
The end of 2023 saw an increase in CCJs issued for unpaid debts. Read the full report issued from the Registry Trust here: The total number of commercial and consumer judgments registered in the British Isles in Q4 2023 was 243,448. This total number excludes England and Wales High Court Judgments, Scotland Ordinary Causes and Northern Ireland High Court Judgments.
True Accord
FEBRUARY 7, 2024
After three decades of providing exceptional customer experience, a leading national bank recognized a lot has changed in the world of personal banking, technology, compliance, and, in turn, debt collection. To continue delivering the level of service their customers expect meant it was time for the bank to update their recovery methods for the new digital age.
Account Recovery
FEBRUARY 8, 2024
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.
Credit Corp
FEBRUARY 9, 2024
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. If you successfully dispute a charge, the bank will notify the merchant and return funds to the issuing consumer via a chargeback.
Speaker: Erika R. Bales, Esq.
When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.
UK debt collections
FEBRUARY 6, 2024
A solicitor who admitted taking thousands of pounds from clients whilst acting as their power of attorney has been jailed. Alison Haley Griffiths, 55, pleaded guilty to two counts of fraud by abuse of position and was sentenced at Swindon Crown Court to 24 months’ imprisonment. Griffiths, who was practising in Swindon, stole around £49,000 over the course of more than two years from a 94-year-old woman over whom she had power of attorney.
Jimerson Firm
FEBRUARY 8, 2024
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
Account Recovery
FEBRUARY 7, 2024
Opportunities Everywhere for Companies in ARM Industry Judge Grants MSJ for Defendant in FDCPA Case Over Differing Amounts in Letter; Dispute Response Debt Totals, Delinquency Rates Keep Climbing, While Accounts Placed with Agencies Declines 23 Companies Seeking Collection Talent RMAI and BBB National Programs Announce New Accountability Service to Enhance Certification Program WORTH NOTING: The […]
Credit Corp
FEBRUARY 5, 2024
What is a prepaid debit card? These cards are similar to standard debit cards, with a few exceptions. Just like standard debit cards, you can use prepaid cards to make in-person purchases at most locations that take Visa or Mastercard. In many cases, you can even use these cards to make online purchases. Instead of depositing money into an account at your local bank, you load money directly onto a prepaid debit card.
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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
Hudson Weir
FEBRUARY 9, 2024
Antecedent transactions are ones that occurred prior to a company beginning formal corporate insolvency proceedings. Specifically, they are transactions that took place while the company was insolvent or led to the company’s insolvency. When a company enters insolvency proceedings, the appointed insolvency practitioner or administrator looks for antecedent transactions.
Jimerson Firm
FEBRUARY 6, 2024
In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Buyers navigating these challenges must ensure that their investment is protected both during and after the transaction. We’ll evaluate five important deal protection strategies for Buyers to consider when acquiring a business. Strategy #1: Rollover Equity One of the best ways for Buyers to mitigate risks when acquiring a business is to utilize rollover equity to fund a portion of the purchase price.
Account Recovery
FEBRUARY 6, 2024
Collection Law Firm Facing FDCPA Class Action for Failing to Disclose SOL Had Allegedly Expired Judge Grants MTD in FDCPA Class Action Over Different Account Numbers CFPB Fighting With Employees’ Union Over Pay Super Week on Tap for RMAI’s Annual Conference WORTH NOTING: Celebrate Babe Ruth’s 129th birthday with videos of sports’ first celebrity … […]
Credit Corp
FEBRUARY 9, 2024
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. MA non-judicial mortgage foreclosure can take about 120 days, or four months, to complete. Judicial foreclosures vary depending on your state.
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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Troutman Sanders
FEBRUARY 8, 2024
Today, the Federal Communications Commission (FCC) issued a unanimous ruling that the Telephone Consumer Protection Act’s (TCPA) restrictions on the use of “artificial or prerecorded voices” apply to AI technology that generate such voices. Late last year, the FCC indicated in a Notice of Inquiry that its authority under the TCPA encompassed regulation of AI in calling and texting.
Sawin & Shea
FEBRUARY 7, 2024
If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy , you need to know how much you should expect to pay for filing fees and other necessary expenses. You may also wonder whether you can file bankruptcy, no money down. The short answer is “yes.” It is possible to file for bankruptcy with no money, but only in very limited circumstances.
Account Recovery
FEBRUARY 9, 2024
Collector Facing FDCPA Suit Over BK Filing, Not Making SOL Disclosure Judge Dismisses FDCPA Suit Over Collection Suit Filed in Wrong Jurisdiction CFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit FCC Bans Use of AI in Robocalls 2024 Officers & Directors Elected to Lead Receivables Management Association International WORTH NOTING: […]
Credit Corp
FEBRUARY 9, 2024
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. After a long year, tax season is finally upon us. You’re probably getting all your ducks in a row—collecting all the information you need, choosing your tax software, and so on.
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?
Troutman Sanders
FEBRUARY 8, 2024
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.
Roths Child Law
FEBRUARY 7, 2024
When it comes to personal finance, bankruptcy is often seen as a last resort for those who are navigating truly unmanageable circumstances. However, amidst the financial turmoil, there lies a silver lining that is often overlooked — the potential positive impact that filing for bankruptcy can have on one’s mental health. Declaring bankruptcy can provide a fresh start and alleviate some of the overwhelming stress factors associated with financial hardship.
Account Recovery
FEBRUARY 8, 2024
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.
Credit Corp
FEBRUARY 9, 2024
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. Nearly 215 million U.S. drivers carry car insurance, and many may ask themselves, “Why is my car insurance so high?” If you’re one of those Americans, know that there are ways you can take control of the situation and reduce your insurance premiums.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
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