Account Recovery
SEPTEMBER 3, 2021
Muriel Bowser, the Mayor of Washington, D.C., has signed into law a bill that overhauls how debts can be collected in the nation’s capital for 225 days starting later this month, while the authors of the legislation work on permanent changes. This information was first reported by ACA International. A copy of the law is … The post D.C. Mayor Signs Collection Bill Into Law appeared first on AccountsRecovery.net.
Enterprise Recovery
AUGUST 30, 2021
When your customer accounts become delinquent, they may have a number of reasons for not paying on time. Some of these excuses may be perfectly reasonable and others, not so much. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Here's how to respond to delinquent customer excuses for late payments.
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Nerd Wallet
SEPTEMBER 2, 2021
Every few days, my 8-year-old son, Neal, asks if he can “earn something” on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment. While I usually decline these requests, his persistence made me wonder. Kimberly Palmer writes for NerdWallet.
Prosperity Now
AUGUST 30, 2021
Congress, the American public, and even national news outlets continue to uplift the powerful impact that the expanded Child Tax
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?
Account Recovery
SEPTEMBER 1, 2021
The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry. Resurgent Capital Services has agreed to pay a fine of $2,500 without … The post Conn.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
AUGUST 30, 2021
Checking account fees, minimal savings rates, impersonal customer support. The reasons you might choose to leave a big national bank vary, but where you go next might be a harder decision. Many of the biggest U.S. banks share many of the same benefits, including large networks of bank-owned branches and ATMs and robust mobile apps. Spencer Tierney writes for NerdWallet.
Jimerson Firm
SEPTEMBER 1, 2021
In preparing to protect your business from a ransomware attack, who is the best person to consult? A CEO and expert from a leading information technology company? A cyber insurance specialist who understands ransomware coverages for businesses? An investigator from the Florida Bureau of Criminal Investigations and Intelligence who investigates all reported ransomware crimes in North Florida?
Account Recovery
AUGUST 31, 2021
Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals. What happens when a creditor wants to make an offer as a means of trying to get an individual to repay a debt? … A … The post Judge Grants MTD Over Offer of More Credit in Collection Letter appeared first on AccountsRecovery.net.
Burr Forman
AUGUST 31, 2021
The U.S. District Court for the Middle District of Alabama joined a growing number of courts dismissing FCRA claims based upon a furnisher’s alleged failure to remove an “account in dispute” notation from consumer credit reports. In Griffin v. Experian Information Solutions, Inc. , No. 1:20-cv-801-RAH-SMD, 2021 WL 3782141 (M.D. Ala. Aug. 26, 2021), the plaintiff had four accounts that were marked as “in dispute.
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
SEPTEMBER 1, 2021
Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. Deal with immediate needs first First things first: Contact the. NerdWallet writes for NerdWallet.
Credit Corp
SEPTEMBER 1, 2021
In 2014, the Consumer Financial Protection Bureau (CFPB) warned consumers about the dangers of Bitcoin (BTC). According to the CFPB, Bitcoin users were liable to encounter “unclear costs, volatile exchange rates, the threat of hacking and scams.” Refunds were also hard to obtain. So, have things improved since then? In short, not really. Bitcoin is still volatile, and it’s still not backed by any government or central bank, so it remains a risky way to invest.
Account Recovery
AUGUST 30, 2021
JUDGE DENIES MOTION TO COMPEL ARBITRATION OVER HOW ‘RECEIVABLE’ AND ‘ACCOUNT’ ARE DEFINED Synonyms and semantics can be deadly when in the hands of a federal judge. A defendant is learning that lesson the hard way after a District Court judge in New Jersey denied a defendant’s motion to compel arbitration in a Fair Debt … The post Daily Digest – August 30.
True Accord
SEPTEMBER 2, 2021
Ensuring regulatory compliance in debt collection is a high stakes and increasingly complex process. As we know, the industry is constantly evolving and collections strategies must adapt. At the end of July, the Consumer Financial Protection Bureau (CFPB) announced that the final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on November 30.
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
SEPTEMBER 1, 2021
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Women are paid less than men and are more likely to leave the workforce to take care of loved ones, both of which negatively impact the amount of money they.
Credit Corp
AUGUST 29, 2021
This article originally appeared on The Financially Independent Millennial and was republished with permission. In the US, REIT stands for Real Estate Investment Trusts. The real estate industry is booming, which is great news for real estate investment trusts as they grow further. Anyone seeking a career opportunity with a REIT company can enjoy hearing the news that there are plenty of jobs available.
Account Recovery
SEPTEMBER 2, 2021
The California legislature has approved SB 531, a measure that will require collectors to have proof they have authority to collect a debt prior to doing so, and gives consumers the right to request that proof and other basic information about the debt. The bill now heads to the desk of California Gov. Gavin Newsom … The post California Legislature Passes Debt Collection Assignment Notification Bill appeared first on AccountsRecovery.net.
Consumer Finance
AUGUST 31, 2021
The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.
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
SEPTEMBER 2, 2021
Are you the proud parent of a pandemic puppy or a quarantine kitty? Or maybe you’re a long-time pet owner. Taking your pet along on vacation will not only avoid pricey pet boarding, but can also ensure you don’t miss a day with your furry friend. But there’s a hard truth to swallow when traveling. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
UK debt collections
SEPTEMBER 2, 2021
A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. Contracting out your debt collection affairs to a French third-party Agency will reinforce your chances at recovering your unpaid by limiting the potential for miscommunic
Account Recovery
SEPTEMBER 2, 2021
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 Michael Zomcik o
CICM
SEPTEMBER 3, 2021
Some of the changes in the pandemic for credit management and enforcement were temporary and have started to fall away, but others remain, making the enforcement landscape indelibly altered. The first lockdown saw a moratorium on all residential judgment enforcement and landlord action. When enforcement restarted in August 2020, the Government, Public Health England and the High Court Enforcement Officers Association (HCEOA), placed additional requirements, as part of the return to enforcement s
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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 30, 2021
The last 18 months can understandably make it seem like now is a terrible time to start a business. But for some entrepreneurs, the steps for starting a business are still the same — it’s just the rules that have changed. Two small-business pros explain how COVID-19 has rewritten four basic tenets of starting a. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.
Credit Corp
AUGUST 31, 2021
Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. But how long can someone chase you for money you might owe? Can a debt collector collect after 10 years, for example?
Account Recovery
SEPTEMBER 2, 2021
GETTING TO KNOW MICHAEL ZOMCIK OF RENT RECOVERY SOLUTIONS Michael Zomcik is one of those rare finds that you don’t often see out in the wild of the accounts receivable management industry — a newbie. Six months into his stint in the ARM industry, Michael is busy trying to soak up as much knowledge as … The post Daily Digest – September 2.
Better Credit Blog
SEPTEMBER 2, 2021
When it comes to the length of your mortgage, there is a fair amount of flexibility regarding term lengths, depending on which company you go with. By and large, 30-year terms and 15-year terms remain perennial favorites. But which mortgage term is the right one for you and your household? Well, that depends on your situation and financial goals. One of the most appealing aspects of a longer-term mortgage is that monthly payments tend to be lower, which makes it a more affordable option for many
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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