CICM
FEBRUARY 27, 2023
One of the key obstacles when keeping on top of a debtors ledger is that often, business owners are afraid of damaging long-term customer relationships. Therefore, it is important to strike a balance between allowing customers some flexibility and setting boundaries. So, how far should you go when asking customers to pay on time and what should you do if late payment becomes a problem?
American Profit Recovery
FEBRUARY 27, 2023
A New Year is upon us and hopefully a new season of busy activity for all you small business operators. Whether you are a lawn care or landscaping professional, contractor, a plumber or electrician or any small business that gets busy during the spring and summer months, it’s time to review your accounts receivable process before you get too busy.
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Nerd Wallet
FEBRUARY 28, 2023
Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Supreme Court Hears Student Debt Cancellation Cases: What to Know originally appeared on NerdWallet.
Account Recovery
FEBRUARY 28, 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? Call … The post Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt first appeared on AccountsRecovery.net.
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.
Troutman Sanders
FEBRUARY 28, 2023
On February 28, the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) jointly issued a Request for Information, seeking public comment on how background screening affects individuals seeking rental housing in the United States. Specifically, the Request seeks information on the use of consumer reports and credit scores, criminal and eviction records, and algorithms in the tenant screening process.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
FEBRUARY 26, 2023
Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
Account Recovery
MARCH 3, 2023
A District Court judge in California has partially granted a defendant’s motion for judgment on the pleadings, but denied counts related to text messages received under the Telephone Consumer Protection Act and the anti-harassment provision of the Fair Debt Collection Practices Act because the defendant sending 15 text messages in the span of one month. … The post Judge Partially Denies MJOP in FDCPA, TCPA Case Over Collection Texts first appeared on AccountsRecovery.net.
Nerd Wallet
FEBRUARY 27, 2023
Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Can College Abroad Actually Save You Money? originally appeared on NerdWallet.
PBWT
FEBRUARY 27, 2023
In a recent per curium opinion, the Fifth Circuit recommitted to its practice of dismissing claims against court-appointed fiduciaries when plaintiffs fail to obtain permission before bringing suit. The court rested its decision on the Barton doctrine, which other courts, including the Eleventh Circuit, have found inapplicable in similar circumstances.
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.
Consumer Finance
MARCH 1, 2023
The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.
Account Recovery
MARCH 3, 2023
There is a quote from Sun Tzu that has been bastardized into “know thy enemy,” but the full quote is “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a … The post CFPB Report Details Financial Profile of BNPL Users first appeared on AccountsRecovery.net.
Nerd Wallet
MARCH 1, 2023
Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How to Prepare Financially to Leave an Abusive Relationship originally appeared on NerdWallet.
Roths Child Law
MARCH 2, 2023
An adult's credit score can influence many aspects of their life. Their creditworthiness determines how much they pay in interest when buying a vehicle and the home value they can afford. It also may factor into whether or not they can obtain a new job or a promotion. Unfortunately, it is easy for hard-working people to find themselves overwhelmed by their debt-related obligations.
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Consumer Finance
FEBRUARY 28, 2023
The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.
Account Recovery
MARCH 3, 2023
COMPLAINT ACCUSES DEFENDANT OF CONTACTING PLAINTIFF’S ABUSIVE EX AND MAKING THIRD-PARTY DISCLOSURES A collection operation has been sued for allegedly violating the Fair Debt Collection Practices Act because it contacted an ex-boyfriend of the plaintiff and disclosed “previously unknown personal details” to the ex-boyfriend, leading him to resume abusive contact toward the plaintiff, which had … The post Daily Digest – March 3.
Nerd Wallet
MARCH 1, 2023
Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com. The article How to Retire 10 Years Early originally appeared on NerdWallet.
Fico Collections
FEBRUARY 27, 2023
Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !
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.
Prosperity Now
FEBRUARY 26, 2023
As we continue to recognize Black History Month, we must acknowledge the significant historical events that have contributed to the
Account Recovery
MARCH 3, 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? Call … The post Complaint Accuses Defendant of Contacting Plaintiff’s Abusive Ex-Boyfriend and Making Third-Party Disclosures first appeared on
Nerd Wallet
MARCH 3, 2023
Tiffany Curtis writes for NerdWallet. Email: tcurtis@nerdwallet.com. The article 5 Ways to Stretch Your SNAP Benefits During Hard Times originally appeared on NerdWallet.
Credit Corp
MARCH 1, 2023
Are you hoping to build your credit by paying your cable bill on time? Unfortunately, most cable companies, like many other utilities, don’t report payments to credit reporting agencies. With no information, it’s impossible for these agencies to use this information when calculating your credit score. So, making these payments on time typically doesn’t impact your credit score.
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?
Prosperity Now
FEBRUARY 27, 2023
A few months ago, we discussed the judicial challenges facing the Consumer Financial Protection Bureau (CFPB), and recently we received
Account Recovery
MARCH 2, 2023
Minneapolis, MN, February 27, 2023 – DCM Services, Inc. (“DCMS”), a portfolio company of NMS Capital (“NMS”) names Scott Lane to the position of Chief Financial Officer. Scott brings over 25 years of public and private company experience in a wide range of finance and business functions within various industries, having held a number of senior positions including CFO, COO, and Chief Risk … The post DCM Services Names Scott Lane as Chief Financial Officer first appeared on AccountsRecovery.
Nerd Wallet
MARCH 1, 2023
Maddie Shepherd writes for NerdWallet. Email: articles@nerdwallet.com. The article Small-Business Marketing Statistics and Trends originally appeared on NerdWallet.
Credit Corp
MARCH 3, 2023
Paying your taxes is never easy, especially if you owe a large sum of money to the IRS. In these cases, you may be tempted to pay your tax debt using your credit card. But can you pay your taxes with a credit card? Smiling woman using laptop and holding credit card In short, yes, you can. The IRS, through a third-party vendor, accepts many types of credit cards, including VISA, MasterCard, Discover, American Express, STAR, PayPal, NYCE, and AFFN.
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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.
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