NCBA Law Practice Management Blog
AUGUST 8, 2022
Law firms often focus on gross revenue, when calculating how much they make. But, there are expenses that go into running every business, including a law firm. And, gross profits aren’t what you really make. What you really make i s your gross profit minus the cost of expenses for running your business. And, this can be expressed in a number of ways.
Debt Recoveries
AUGUST 7, 2022
Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Until you get there, you might want to try your hand at debt collection yourself.
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Nerd Wallet
AUGUST 8, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode, NerdWallet investing writer.
Account Recovery
AUGUST 12, 2022
The Consumer Financial Protection Bureau unequivocally announced yesterday that companies with “insufficient data protection or information security” are violating federal law while providing examples of “widely implemented data security practices” that companies can use as a guide to avoid such an accusation. Consumers have no control over how companies in the financial services industry safeguard … The post CFPB Warns Companies About ‘Shoddy’ Data Secu
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?
Enterprise Recovery
AUGUST 12, 2022
If you're asking the question, you're likely dealing with a scenario of non-payment from a client and would like to avoid litigation. Simply put, a demand letter (or more than one!) is sent to your clients to inform them of your intention to collect what is owed to you. The letters are typically sent in conjunction with other first-party collection efforts before escalating the account.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
AUGUST 8, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Despite its name, the Inflation Reduction Act is largely a climate spending bill. If passed, it would represent the.
Account Recovery
AUGUST 11, 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 Kelli Edmonds of
Consumer Finance
AUGUST 10, 2022
The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols.
Prosperity Now
AUGUST 9, 2022
The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation recently announced
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.
Nerd Wallet
AUGUST 11, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Three major consumer companies have been involved in separate credit reporting issues recently. Meanwhile, two popular trading platforms have.
Account Recovery
AUGUST 11, 2022
GETTING TO KNOW KELLI EDMONDS OF KOTA BUSINESS SOLUTIONS After a 35-year career in the industry, Kelli Edmonds took the bold step earlier this year to hang out her own shingle and start her own business. When you have the depth and breadth of experience that Kelli has, though, sharing it with the rest of … The post Daily Digest – August 11.
Consumer Finance
AUGUST 9, 2022
Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law.
Sawin & Shea
AUGUST 9, 2022
Bankruptcy can be an overwhelming and challenging process. On top of the stress and worry about your finances and what will happen to your property, there are countless proceedings and tons of paperwork to fill out. Understandably, this can make dealing with a bankruptcy seem impossible. However, as overwhelming as it all may seem, bankruptcy is often the best choice for many people, especially those who are struggling with crushing debt.
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.
Nerd Wallet
AUGUST 12, 2022
Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a bill headed to the president’s desk. The Inflation Reduction Act “finally delivers on a promise that Washington has made for decades to the American people … We’re giving Medicare the. Alex Rosenberg writes for NerdWallet.
Account Recovery
AUGUST 11, 2022
A District Court judge in Missouri has granted a defendant’s motion for summary judgment after a plaintiff filed two separate lawsuits related to two different collection letters that she received five months apart attempting to collect on the same debt. A copy of the ruling in the case of Branum v. Midland Credit Management can … The post Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account appeared first on AccountsRecovery.net.
Consumer Finance
AUGUST 9, 2022
The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers. Hello Digit was meant to save people money, but instead the company falsely guaranteed no overdrafts with its product, broke its promises to make amends on its mistakes, and pocketed a portion of the interest that should have gone to consumers.
Fraser
AUGUST 9, 2022
Recently the Senate reached an agreement on the Inflation Reduction Act of 2022 (the “IRA”). At present, the IRA is only a draft bill and has not been passed by Congress nor signed by the President (although its eventual passage and enactment is anticipated). One of the provisions in the proposed bill includes a new 15% corporate alternative minimum tax (Corporate AMT) that would be imposed on the “adjusted financial statement income” (AFSI) of certain large corporations (very generally, and des
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.
Nerd Wallet
AUGUST 12, 2022
Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you. Yet there may be charitable organizations you want to support, friends or family asking for financial help and things you want to buy for yourself. It’s possible to do these things even on a limited. Lauren Schwahn writes for NerdWallet.
Account Recovery
AUGUST 10, 2022
SAN DIEGO, Aug. 08, 2022 — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that its President and CEO, Ashish Masih, has been reappointed by U.S. Secretary of Commerce Gina M. Raimondo to the U.S.-India CEO Forum. The Forum brings together top-level business executives from both nations to discuss ways to strengthen economic … The post Encore CEO Ashish Masih Reappointed to U.S.
Consumer Finance
AUGUST 9, 2022
Director Chopra delivered remarks on digital marketing and advertising at the 2022 NAAG Presidential Summit in Des Moines, IA.
True Accord
AUGUST 11, 2022
August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Financial literacy is an essential life skill that benefits people throughout their lives, but is often overlooked when it comes to what happens if a payment is late or missed.
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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.
Nerd Wallet
AUGUST 12, 2022
If you bought $100 worth of Bitcoin in early 2010, today you’d have more than $20 million. With those kinds of returns, it’s hard not to think, “Can I get in on that?” Bitcoin, the largest cryptocurrency by market cap, is a good investment if you have a high risk tolerance, are in a strong. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.
Account Recovery
AUGUST 10, 2022
Months after filing a lawsuit accusing a hospital network of “aggressively” seeking to collect $70 million from individuals who were eligible for charity care, the Attorney General of Washington has expanded his lawsuit to include a pair of collection agencies that allegedly failed to inform individuals about their eligibility. The hospital network reportedly referred more … The post Wash.
Troutman Sanders
AUGUST 12, 2022
This week, the Department of Justice (DOJ) resolved Servicemembers Civil Relief Act (SCRA) claims against two affiliated Virginia landlords for allegedly obtaining unlawful court judgments against military tenants. To settle the claims, the landlords agreed to pay restitution to affected servicemembers, a civil penalty to the United States, and various injunctive relief.
Fico Collections
AUGUST 11, 2022
Home. Blog. FICO. How Banking CIOs Can Leverage IT Agility to Enable the Business. Instead of supporting a piecemeal set of disconnected enterprise applications, IT can lead the way in advocating for platform-based solutions that will scale across use cases. FICO. Tue, 07/02/2019 - 02:45. by Richard Lagerweij. expand_less Back To Top. Thu, 08/11/2022 - 10:05.
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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