Sat.Feb 22, 2025 - Fri.Feb 28, 2025

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What are some common mistakes that businesses make when trying to collect unpaid debts?

Collections Law

Business owners in Massachusetts are likely familiar with the frustrations of trying to collect unpaid debts. At the Law Offices of Alan M. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 60 years of combined experience helping Massachusetts business owners collect their unpaid debts. Utilizing the collection tools allowed by law, our lawyers are ethical in their methods and innovative in their debt collection strategies.

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Medical Debt Collection Bill Introduced in Illinois Legislature

Account Recovery

A new bill introduced in the Illinois Senate seeks to amend the Fair Patient Billing Act, providing additional protections for patients facing medical debt. Senate Bill 1223, sponsored by state Sen. Laura Fine, introduces key restrictions on medical debt collection practices, particularly in cases where patients are appealing health insurance decisions.

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Use These Tips to Confidently Discuss Your Rates with B2B Clients

Enterprise Recovery

Conversations about money are challenging, no matter the situation. However, they are necessary when proposing a deal with a potential client. As a B2B debt collections company, we thought we'd share some tips to help make these discussions easier. Navigating financial discussions with B2B clients can be challenging, but mastering these skills can build healthy business relationships and secure timely payments.

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Discharging Credit Card Debt Through Chapter 7 in Greenwood Colorado

Debt Free Colorado

Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Credit card debt relief often seems unattainable, but there is a way forward. Chapter 7 bankruptcy can help clear debt and give you a fresh start. But how do you know if its the right choice? Will it erase all your debt, or are there limits? A Greenwood Colorado bankruptcy attorney can explain your options and make sure you dont risk losing assets you want to keep.

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Going Beyond Chatbots: Connecting AI to Your Tools, Systems, & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

If AI agents are going to deliver ROI, they need to move beyond chat and actually do things. But, turning a model into a reliable, secure workflow agent isn’t as simple as plugging in an API. In this new webinar, Alex Salazar and Nate Barbettini will break down the emerging AI architecture that makes action possible, and how it differs from traditional integration approaches.

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Best Practices for Call Baiting in Debt Collection

PDC Flow

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Heres what debt collection experts David Kaminski, Partner at Carlson & Messer LLP, Kelly Parsons-OBrien, President at Pacific Credit Services, and Mike Chee

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Understanding TTB’s New Social Media and Beer Ingredient Guidelines: What Breweries Need to Know

Jimerson Firm

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has long been at the forefront of regulating the alcohol beverage industry, ensuring that companies adhere to standards for both product labeling and marketing. Recently, two major updates have emerged from the TTB that are particularly relevant to brewers and those involved in alcohol advertising. Industry Circular 2024-1 focuses on new social media guidelines and Industry Circular 2024-2 expands the list of beer ingredients that are exempt fro

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Landlords Have a New Hardball Tactic: Tanking Your Credit Score

Collection Industry News

Landlords are turning to a hardball tactic to go after their tenants in rent disputes: tanking their credit scores. When David Murray moved out of his St. Louis apartment two months early, he thought he had settled up by giving notice. So when he received a bill for $4,500 for two months rent plus penalties, he assumed there was a mistake. Then hiscredit scorefell from a near-perfect 815 to a low of 630.

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Barron and Newburger’s Latest Risk Management Guidance

BN Lawyers

Heres the latest risk management guidance, published in January 2025, from B&Ns Attorneys Risk Management practice group. BN – Tip of the Month – New ABA Formal Opinion 514 – Jan 2025 The post Barron and Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Keeping Up With Everything Going on Surrounding the CFPB

Account Recovery

The pace of news related to the future of the Consumer Financial Protection Bureau shows no signs of slowing down. As we get ready for the confirmation hearing for Jonathan McKernan to be the new Director of the CFPB later this week, here are some other developments involving the regulator. Consumer Groups Publish State Complaint Data A number of consumer advocacy organizations are attempting to kill two birds with one stone — highlight the work of the Consumer Financial Protection Bureau

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Managing B2B Cash Flow for Business Growth

Enterprise Recovery

By mastering cash flow management, businesses can avoid the pitfalls of cash shortages, which can lead to operational disruptions and missed opportunities. Optimizing working capital, a key component of cash flow management, can significantly enhance your business's ability to thrive in a competitive market. Proper management of working capital and cash flow means your business has the necessary liquidity to cover short-term expenses, invest in growth initiatives, and seize new market opportunit

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Embattled EV maker Nikola files for Chapter 11 bankruptcy protection

Collection Industry News

DETROIT Nikola Corp. an auto startup that was once a favorite of Wall Street analysts and retail investors filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. Nikola said Wednesday that it plans to pursue an auction and sale process of its assets, pending court approval. The company said it has approximately $47 million in cash to fund its bankruptcy activities, implement the sale process and exit Chapter 11.

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Build or Buy? Making the Right Collections Software Selection

Qualco

In modern debt management , technology is no longer just an enabler it's a necessity. The question isn't whether you need a powerful collections platform but rather whether you should build one in-house or adopt a market-ready solution. Many organisations still rely on legacy in-house systems , customised over time to meet their needs. However, as business demands grow, regulations shift, and technology advances , these systems often become costly to maintain, difficult to scale, and slow to ada

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Judge Grants MSJ for Defendant in FDCPA Case Over Whether Plaintiff Disputed Debt

Account Recovery

A District Court judge in Maryland has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case that centers over the language used by the plaintiff and whether it constituted a dispute of the debt or not. The background: The plaintiff received a debt collection letter from the defendant, a law firm retained by a credit union to collect on an unpaid debt of $10,511.29.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Eleventh Circuit Holds that Chapter 15 Recognition is Available to Entities that are not Eligible to be Debtors in the U.S. Under Section 109

ABI

Aisha Sabar St. Johns University School of Law American Bankruptcy Institute Law Review Staff Chapter 15 of title 11 of the United States Code (the Bankruptcy Code) provides a process pursuant to which a foreign insolvency or bankruptcy proceeding may be recognized in the United States. [1] The courts are divided as to whether section 109(a) of the Bankruptcy Code, which provides that only a person who resides or has a domicile, a place of business, or property in the United States, or a munic

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Mortgage rates drop to lowest since mid-December, but demand still falls short

Collection Industry News

Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didnt respond. Total mortgage application volume fell 1.2% from the previous week, according to the Mortgage Bankers Associations seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, those of $806,500 or less, decreased to 6.88% from 6.93%, with points dropping to 0.61 from 0.66, including the origination fee, f

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Five Tips for Maintaining Compliance with OSHA Standards

Jimerson Firm

Maintaining compliance with Occupational Safety and Health Administration (OSHA) standards is essential to fostering a culture of workplace safety, protecting employees, and avoiding citations and penalties. Here are five actionable tips to help you navigate OSHA requirements effectively and ensure your workplace remains compliant. Understand OSHA Standards and Stay Informed The first step to maintaining OSHA compliance is knowing which regulations apply to your business.

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Appeals Court Overturns Dismissal of FDCPA Suit, Rules Receipt of Letter Confers Standing

Account Recovery

In a ruling that — to this non-lawyer appears to take the issue of standing and turn it on its head — the Court of Appeals for the Ninth Circuit has reversed a lower court’s dismissal of a Fair Debt Collection Practices Act suit, ruling that the receipt of a letter after being informed that the individual was represented by an attorney — a tangled situation in this case — is enough for the plaintiff to have standing to pursue a lawsuit in federal court.

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Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv

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Contingent Royalties are Discharged in Bankruptcy

ABI

Matthew Schmalz St. Johns University School of Law American Bankruptcy Institute Law Review Staff Section 1141(d)(1)(a) of title 11 of the United States Code (Bankruptcy Code) provides that claims arising before confirmation of a chapter 11 plan are discharged. [1] In In re Mallinckrodt PLC , the United States Court of Appeals for the Third Circuit (Third Circuit) held that contingent and indefinite royalty agreements are claims that arise upon contracting, not when the obligation is triggered.

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Trump administration removes student loan repayment applications from Education Department website

Collection Industry News

The Trump administration has taken down the applications for popular student loan repayment plans from theU.S. Department of Educations website, leaving millions of borrowers with feweroptionsfor now. Borrowers are unable to access the applications for income-driven repayment, or IDR, plans, as well as the online application to consolidate their loans.

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Money on Mute: How 1 in 4 Consumers Are Ghosting Their Finances

Account Recovery

Data from a new survey from reveals a sobering yet opportunity-rich snapshot for credit and collection professionals and the broader financial ecosystem — amid persistent stress and rising consumer expectations, theres a clear desire for more seamless, data-driven experiences that reduce friction in the repayment process. Whats happening Why it matters: Professionals at debt collection agencies, consumer finance companies, fintechs, and traditional financial institutions can glean critical

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Daily Digest – February 25. Sending Letter with Payment Voucher After Refusal to Pay Sets Off FDCPA Suit; Appeals Court Overturns Dismissal of FDCPA Suit, Rules Receipt of Letter Confers Standing

Account Recovery

Sending Letter with Payment Voucher After Refusal to Pay Sets Off FDCPA Suit Appeals Court Overturns Dismissal of FDCPA Suit, Rules Receipt of Letter Confers Standing Keeping Up With Everything Going on Surrounding the CFPB Money on Mute: How 1 in 4 Consumers Are Ghosting Their Finances WORTH NOTING: When is the time to have the courage to quit? … Is this the answer to outsmarting seat squatters on airplanes?

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How to Achieve High-Accuracy Results When Using LLMs

Speaker: Ben Epstein, Stealth Founder & CTO | Tony Karrer, Founder & CTO, Aggregage

When tasked with building a fundamentally new product line with deeper insights than previously achievable for a high-value client, Ben Epstein and his team faced a significant challenge: how to harness LLMs to produce consistent, high-accuracy outputs at scale. In this new session, Ben will share how he and his team engineered a system (based on proven software engineering approaches) that employs reproducible test variations (via temperature 0 and fixed seeds), and enables non-LLM evaluation m

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Sending Letter with Payment Voucher After Refusal to Pay Sets Off FDCPA Suit

Account Recovery

EDITORS 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 (855) WEB-RECON or email admin@webrecon.net today!

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Judge Grants MSJ in FDCPA Case Over Validation Request

Account Recovery

In a case that was defended by the team at Martin Golden Lyons Wats Morgan, a District Court Judge in Colorado has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act lawsuit, ruling that the debt collector did not violate the statutes debt verification requirements. The background: The plaintiff claimed that the defendant failed to properly validate a debt after it was disputed in writing.

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Compliance Digest – February 24

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management Turnkey Speech Analytics. And Our New BLG360 Program Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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McKernan: CFPB ‘Suffers from a Crisis of Legitimacy’

Account Recovery

For those who think the Consumer Financial Protection Bureau’s pendulum has swung too far in one direction, the song being sung by Jonathan McKernan during his prepared remarks before the Senate Banking Committee today at his nomination hearing to be the Bureau’s next director will feel like listening to a greatest hits anthology. McKernan will say that the Bureau has “pushed beyond the limits of its statutory authority,” “seized opportunities to expand its jurisdic

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?