Account Recovery
JULY 12, 2023
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
FFGN COLLECT NY
JULY 13, 2023
A court in Canada recently ruled that a farmer’s “thumbs up” emoji response to a contract sent by a grain cooperative counts as acceptance of a contract, making the document a legally binding agreement. The case was heard in the Canadian province of Saskatchewan, where a court sided with a grain buyer who sought to enforce a contract with a farmer during the COVID-19 pandemic when business was conducted remotely — in this case by text message.
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CICM
JULY 11, 2023
In today’s industry, professionals are taking their personal development more seriously than ever. However, it can be difficult to know where to start with updating your skills and refreshing your knowledge. Perhaps you’re thinking about what kind of training course might help you or if you could benefit from a qualification. Like most things, it’s good to plan.
Jimerson Firm
JULY 13, 2023
On May 25, 2023, Florida Governor Ron DeSantis signed into law Senate Bill 346 (“SB 346”), which makes substantial changes to Florida construction law regarding prompt payment and retainage requirements on contracts between state and local governments and construction contractors on Florida construction projects for these governmental entities. These changes, which will be effective beginning on July 1, 2023, include changes to section 218.735 , Florida Statutes, for local governments, and sect
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.
Account Recovery
JULY 13, 2023
Amicus briefs were due this week in support of the group suing the Consumer Financial Protection Bureau over whether the funding structure that gives the CFPB its budget is constitutional, and a number of groups, including ACA International, former Acting Director Mick Mulvaney, 132 current Members of Congress, 21 former Members of Congress, and 27 […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Hudson Weir
JULY 11, 2023
If you’re struggling to pay off your Bounce Back Loan, you may have lots of questions about what will happen next. The Bounce Back Loan Scheme (BBLS) gave businesses the chance to borrow between £2,000 and up to 25% of their turnover, to a maximum of £50,000. There was no interest to pay during the first 12 months, but for many businesses, repaying the loan in instalments after that with an interest rate of 2.5% was challenging.
Troutman Sanders
JULY 13, 2023
Please join Troutman Pepper Partners Chris Willis and Lori Sommerfield, along with American Association of Bank Directors (AABD) President David Baris, for a special announcement about the recently published second edition of the Practical Handbook on Fair Lending for Bank Directors and Executive Officers (AABD Handbook). The updated AABD Handbook addresses the dramatic shift in the regulatory landscape for enforcement of the federal fair lending laws over the past decade, with aggressive enforc
Prosperity Now
JULY 12, 2023
Part One of this series explained why e-filing a tax return as quickly as possible is not always the best outcome for a client with IRS debt. This part looks at a second situation where putting the brakes on e-filing can protect taxpayer rights.
Account Recovery
JULY 10, 2023
A number of different agencies within the federal government — including the Consumer Financial Protection Bureau — announced on Friday that they are taking steps to try and reduce the amount of medical debt incurred by patients, focusing on the areas of short-term health plans, surprise medical bills, and medical credit cards.
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.
Nexa Collect
JULY 11, 2023
Car rental companies operate in a competitive, fast-paced, and often unpredictable market. They face a variety of business challenges, such as: Fleet Management : Managing a large fleet of vehicles is complex. Companies need to ensure their vehicles are properly maintained, cleaned, and ready for use. The also have to balance the types and numbers of vehicles available to meet customer demand.
Consumer Finance
JULY 10, 2023
Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account.
Credit Corp
JULY 10, 2023
An eviction notice is a written statement informing you the landlord believes you’re in violation of the rental agreement. Depending on why you’re being evicted, the type of notice you receive and the state you live in, you may need to vacate the property by a certain time. But if you have an eviction notice in your past, you might be worried about getting approved for a new rental situation.
Account Recovery
JULY 14, 2023
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
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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.
True Accord
JULY 13, 2023
With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Student loan holders hoping for financial relief were disappointed in a Supreme Court decision that rejected President Biden’s plan to cancel more than $400 billion in student loan debt for millions of borrowers.
Consumer Finance
JULY 10, 2023
Prepared Remarks of Director Rohit Chopra for the CFPB Hearing on Medical Billing and Collections
Credit Corp
JULY 10, 2023
A good credit score is a necessity. You need it for renting an apartment, financing a car, buying a house and meeting many other financial goals. Learn how to start improving your score and achieving your goals. 1. Check the Accuracy of Your Credit Reports The first step in improving your credit score is to be aware of what’s on your credit history.
Account Recovery
JULY 14, 2023
In a case that was defendant by Dale Golden at Golden Scaz Gagain, a state court judge in Wisconsin has denied a plaintiff’s motion to certify a class action and dismissed a Fair Debt Collection Practices Act case because the plaintiff lacked standing to sue.
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.
Troutman Sanders
JULY 14, 2023
On July 12, U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) reintroduced legislation, titled the Responsible Financial Innovation Act that would establish a comprehensive regulatory framework for crypto assets. This proposed bill expands on the bill the senators introduced in 2022 by adding new consumer protections and safeguards to further strengthen the industry against fraud and bad actors, among other additions.
Consumer Finance
JULY 12, 2023
Today, the Consumer Financial Protection Bureau (CFPB) joined with several state attorneys general and a state regulator to take action against Prehired for deceptive marketing and debt collection practices.
Credit Corp
JULY 10, 2023
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. Are you struggling with debt and feeling overwhelmed? You might also be tired of hearing the same old tips that don’t help at all, like “Don’t buy coffee out” or “Just stop spending money.
Account Recovery
JULY 14, 2023
The Court of Appeals for the Tenth Circuit has largely affirmed a sanctions award against a plaintiff’s attorney in a Fair Debt Collection Practices Act case, ordering the attorney to pay more than $10,000 in fees to a collection attorney that was sued. A copy of the ruling in the case of Boscoe Chung v.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
CICM
JULY 14, 2023
If you are in a position where you are considering legal action, this blog aims to explore some CICM best practice tips around the legal process to better inform your decision-making and knowledge on the processes involved. Legal action for unpaid invoices Before starting the process to recover unpaid invoices through legal action, make sure you consider the following: Is it worth it?
Troutman Sanders
JULY 13, 2023
On June 29, Connecticut Governor Ned Lamont signed SB 1033 , An Act Concerning Various Revisions to the Banking Statutes, into law. As discussed here , with this bill, Connecticut joins several other states that have set strict rate caps on consumer loans, including Illinois, New Mexico, Colorado, and California, and those that expressly provide for a predominant economic interest test for true lender purposes.
Credit Corp
JULY 10, 2023
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. A cashier’s check is a guaranteed payment method issued by a bank on behalf of an account holder. It ensures the funds are available and provides added security against fraud or insufficient funds.
Account Recovery
JULY 14, 2023
The Consumer Financial Protection Bureau, in conjunction with 11 different state attorneys general and regulators yesterday filed suit against Prehired, a vocational training program, for violating the Fair Debt Collection Practices Act among other laws.
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