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An Illinois state Appeals Court has sided with the consumer in a collection lawsuit, ruling that the consumer should not be required to initiate arbitration by filing the proper paperwork and paying the initiation fees if he wants to arbitrate the collection lawsuit filed against him. The background: The case began when the defendant allegedly defaulted on a credit card debt that was purchased by the plaintiff.
Late payments are a growing challenge for businesses, with increasing economic uncertainty amplifying the risks associated with cash flow disruptions. In an exclusive new survey, The Kaplan Group reveals a striking trend: companies that outsource more overdue invoices to collection agencies experience substantially higher recovery success. The survey was conducted among 100 financial decision makers, including CFOs, VPs of finance, controllers, and directors of finance, representing businesses w
One of the most common questions when planning to shut down a business is how much does it cost to close a limited company? UK companies have several options available to them, depending on whether they are solvent or not. In this guide, we run through the approximate cost considerations from voluntarily striking off a limited company to the cost of a liquidation and everything in between.
Youve probably felt it too. The rents gone up. Groceries cost more. Power bills have doubled. Even your morning coffee seems to be testing your credit limit. Australias cost of living crisis isnt just hitting households – its hitting businesses hard. And one of the first signs? Customers start paying late. Whether you deal with. Read more » The post How the Cost of Living Crisis is Impacting Business Payments (and What You Can Do About It) appeared first on JMA Credit Control.
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?
The Court of Appeals for the Fourth Circuit on Friday partially reversed the dismissal of a Fair Debt Collection Practices Act case over whether the plaintiff meets the statute’s definition of “consumer” and whether the debt is still a debt. The background: The lawsuit was filed after the defendant, a servicing corporation, sent two letters to the plaintiff concerning his residential mortgage loan.
This order is from the 6th Circuit Probate Division, Concord, NH. For information on this or other probate litigation issues, please contact Alexandra Cote at alexandra.cote@mclane.com. Download Photo: RawPixel.
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This order is from the 6th Circuit Probate Division, Concord, NH. For information on this or other probate litigation issues, please contact Alexandra Cote at alexandra.cote@mclane.com. Download Photo: RawPixel.
Join George Koukis , International Business Development Director of Factoring and Supply Chain Finance at QUALCO, as he speaks with Tamara Khizanishvili , Director of Trade Finance and Factoring at TBC , about: 1 The challenges of manual factoring and the turning point for change 2 The role of technology in enhancing efficiency, security, and scalability 3 Lessons learned from TBC's digital transformation journey 4 Advice for banks looking to implement similar solutions Are you more of a reader
In todays world, connecting with consumers requires more than just making a phone call or sending a standard email, especially in the realm of debt recovery and collection. Navigating through the various strategies often feels like wading through a sea of acronyms and buzzwords. Terms like AI, machine learning, and data science can quickly become overwhelming or even feel interchangeable, leaving you unsure of what they actually mean and how they affect your business and bottom line.
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.
Theres always that customer. The one whos just a few days late (every single time). The one who blames their bookkeeper. Or the one who mysteriously disappears the moment your invoice is due. Sound familiar? If you run a small or medium-sized business in Australia, chances are youve spent more time chasing payments than you. Read more » The post How to Deal with Repeat Offenders: Managing Chronic Late Payers appeared first on JMA Credit Control.
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.
Shes an Olympian, a record-breaker, a marathon runner, and, believe it or not, a medical biology graduate. But thats not all. Christine Toonstra is also a technical Consultant at Onguard! From the Olympic track to technical consulting Before she started working at Onguard; before she ever wrote a single line of code or started solving complex customer challenges, Christine was chasing something else: Records.
By Christina Krakoff, a Trusts & Estates Attorney at McLane Middleton This article was originally published in the March 19, 2025 edition of the New Hampshire Bar News In an evolving landscape for modification of irrevocable trusts, Attorneys and Trustees should proceed with caution. In a recent decision, Wright v.
The Consumer Financial Protection Bureau has officially signaled it plans to rewrite its small business lending data collection rule, known as Section 1071, following major leadership changes earlier this year. Why it matters: The Section 1071 rule, which expanded the data financial institutions must collect and report on small business lending, has faced strong legal and political opposition.
Youve done the work. Sent the invoice. Followed up. And now your clients gone quietor worse, theyve shut their doors completely. If a company owes you money and suddenly becomes insolvent, its easy to feel like youve hit a dead end. But the truth is, while recovering debt from an insolvent company isnt easy, its. Read more » The post How to Recover Debt from Insolvent Companies (Without Losing Your Mind) appeared first on JMA Credit Control.
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.
The TCPA generally prohibits the transmission of an unsolicited advertisement to a telephone facsimile machine. 47 U.S.C. 227(b)(1)(c). But is an online fax service a telephone facsimile machine? And can a plaintiff state a claim based on faxes that were sent to its online fax service? The U.S.
While Boomers and Gen X steadily built equity, Millennials and Gen Z are starting adulthood with crushing debt loads that delay or derail buying a home. An exclusive new study from The Kaplan Group reveals a strong negative correlation between student debt and homeownership rates, and when segmented by age group, the generational divide becomes stark.
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!
At the Law Offices of Alan M. Cohen & Associates LLC, our experienced commercial litigation attorneys focusing on commercial collections practice aggressive, relentless and ethical debt collection tactics to help Massachusetts businesses and out of state creditors owed monies from Massachusetts debtors collect their unpaid debts. With over 60 years of combined experience, our first and foremost goal is to fight to get you paid.
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.
PRA Group, Inc.(Nasdaq: PRAA), a global leader inacquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025.
Days before a new rule was set to go into effect, the Federal Communications Commission (FCC) yesterday granted a one-year extension for a key provision of the rule related to the Telephone Consumer Protection Act that impacts how companies were going to be required to process revocation requests from consumers. The extension delays the effective date of the requirement in 64.1200(a)(10), which mandates that a single revocation request from a consumer must apply to all future robocalls and robo
Collector Sued for Sending Email After Consumer Allegedly Requested Communications be Ceased Judge Reduces Attorney Fee Award in Uncomplicated FDCPA Case FCC Extends Part of TCPA Revocation Rule Deadline to 2026 North Carolina Legislature Considers Diverging Paths for Debt Settlement: Regulation vs. Prohibition PRA Group Announces Leadership Succession Plan WORTH NOTING:Call it the “James Bond” effect — a lot of men feel more confident when wearing a suit or tuxedo … Mone
A District Court judge in Indiana has reduced the requested amount of attorney’s fees by more than 50% in a Fair Debt Collection Practices Act (FDCPA) case, noting the “significant concerns” not only with the amount sought by the plaintiff but also the work expended in an “uncomplicated” case. The background: The suit was filed after the defendant allegedly violated the FDCPA by failing to report a debt as disputed on the plaintiff’s credit report.
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.
A pair of bills have been introduced in the North Carolina legislature that aim to overhaul the debt settlement industry, albeit by different means. One bill seeks to license and regulate debt settlement providers, while the other seeks to eliminate it entirely. Senate Bill 491: Licensing and Regulation of Debt Settlement Providers On March 25, 2025, a trio of Republican North Carolina Senators introduced Senate Bill 491, which aims to create the North Carolina Debt Settlement Services Act.
Appeals Court Partially Reverses Dismissal of FDCPA Case Over Consumer Status and Debt Definition CFPB to Revisit Controversial Section 1071 Rule Under New Leadership Illinois Appeals Court Rules Consumer Not Required to Pay Arbitration Fees in Collection Lawsuit Compliance Digest April 7 WORTH NOTING:As we get close to summer, here is a list of the best gear when going out on a road trip … Tips to help you save a dying plant … The hottest summer travel destinations for your vacatio
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