Enterprise Recovery
DECEMBER 16, 2021
A new business takes time, dedication, and wearing lots of many hats. If you're growing your business and want to attract more capital, it's time to protect your cash flow. This free downloadable guide will help you discover how to prioritize your accounts receivable so you don't have to waste time chasing down payments. A Startup Guide to B2B Accounts Receivable and Collections.
Jimerson Firm
DECEMBER 14, 2021
Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. Two important statutes for all businesses to be aware of are the Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA). This article discusses the similarities and differences between the FDCPA and the FCCPA.
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NACM
DECEMBER 15, 2021
The House and Senate voted this morning to increase the federal debt ceiling by $2.5 trillion, allowing the U.S. government to avoid default until early 2023, according to government officials. The vote was made just hours before the deadline that the U.S. government risked breaching its debt limit, said Treasury Secretary Janet Yellen.Th.
Account Recovery
DECEMBER 17, 2021
A District Court judge in Ohio has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because claiming statutory damages is not enough of a concrete injury for the plaintiff to have standing to sue. A copy of the ruling in the case of Portnoy v. National Credit Systems can be … The post Judge Grants MTD on Remanded Case Over Lack of Standing appeared first 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.
Consumer Finance
DECEMBER 15, 2021
Today the Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
DECEMBER 16, 2021
IBuyers are one of the few true innovations to hit the real estate industry in recent years. Yet consumers haven’t fully embraced them because of misconceptions about how iBuyers work, and what types of problems they resolve for sellers and buyers. An iBuyer (for “instant buyer”) is a company that uses technology to make an. Holden Lewis writes for NerdWallet.
Account Recovery
DECEMBER 17, 2021
December 15, 2021-Chicago-Commercial Collection Agencies of America announced that through its initiative, Commercial Collection Agencies of America Gives Back, a portion of the proceeds of its annual conference in Delray Beach, along with substantial donations from individual members, and a fleet of bicycles has been given to 4KIDS of South Florida.
Roths Child Law
DECEMBER 17, 2021
Many patients develop a sort of tunnel vision after a diagnosis with cancer. The only thing that matters is achieving remission or having a scan done that shows they are cancer-free. They may suffer through painful treatments and months of chemotherapy to achieve remission. For many people, the victory lap after beating cancer gets cut short when financial reality comes calling.
Jimerson Firm
DECEMBER 16, 2021
As a real estate attorney, I’m often approached by clients purchasing a new property that are concerned with deed restrictions. They first want to know what deed restrictions (also known as covenants and restrictions) are, and second, they want to know whether such deed restrictions can be circumvented. These are great questions to ask prior to closing, as it is always advisable to know about any restrictions on the property you are looking to purchase before you close.
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
DECEMBER 16, 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. Inflation has been surging worldwide for months, and it’s impacting prices of nearly everything, from gas to Oreos. Wednesday, the Federal Reserve announced steps to take action.
Account Recovery
DECEMBER 16, 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 Gwen Gullicksen
FFGN COLLECT NY
DECEMBER 15, 2021
The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. You may be an accountant brought in to do work for several related companies and asked to handle the officer’s personal tax work.
Burr Forman
DECEMBER 13, 2021
South Carolina businesses have historically been subject to business license taxes on their gross income that vary widely from jurisdiction to jurisdiction. The South Carolina Business License Tax Standardization Act (the “Act”) was enacted in 2020, but the effective date was generally delayed until January 1, 2022. The Act should greatly simplify the previous complex and burdensome state business license tax regime.
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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
DECEMBER 16, 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. Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older, here are some to.
Account Recovery
DECEMBER 17, 2021
The Consumer Financial Protection Bureau announced yesterday that it is shining its regulatory spotlight on a growing form of credit in the financial services industry — Buy Now Pay Later (BNPL) companies — and sent inquiries to five of the major providers asking for information “to illuminate the range of these consumer credit products and … The post CFPB Opens Inquiry into Buy Now Pay Later Offerings appeared first on AccountsRecovery.net.
PDC Flow
DECEMBER 14, 2021
Like many people in accounts receivable, Bethany Robertson found her career path by accident – working part time for an agency during college. Now, Vice President, co-owner, and founder of Debt Recovery Solutions of Ohio, Inc, she runs a thriving collection agency of her own. As a long time customer of PDCflow, we wanted to highlight Robertson’s accomplishments, as well as the success her agency has experienced under her leadership.
Credit Corp
DECEMBER 15, 2021
Some households operate off one income by choice, while for others that is merely their circumstance. Regardless of how you found yourself in this position, a one-income household is not uncommon, and it’s certainly not unmanageable. Think about how you need that money to function and come up with a budget, and plan to execute it. Without a budget, even a multi-income household might become financially unstable.
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.
Nerd Wallet
DECEMBER 17, 2021
You placed an order last week and still haven’t received the shipping confirmation. Or maybe the package is in transit, but its location hasn’t been updated in days. The supply chain issues that experts warned us about heading into the holiday shopping season have materialized. There’s a real possibility that your gifts won’t arrive in. Lauren Schwahn writes for NerdWallet.
Account Recovery
DECEMBER 17, 2021
JUDGE GRANTS MTD IN REMANDED CASE OVER LACK OF STANDING A District Court judge in Ohio has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because claiming statutory damages is not enough of a concrete injury for the plaintiff to have standing to sue. CFPB OPENS INQUIRY INTO BUY NOW … The post Daily Digest – December 17.
Albuquerque Law
DECEMBER 14, 2021
In 2020, more than 4.5 million people across the United States had their wages garnished to pay debts. Wage garnishments are a common tactic creditors use to collect debts. In turn, they are also a common challenge that individuals already struggling with debt face. We have discussed the important aspects of New Mexico’s laws regarding wage garnishments in previous blog posts.
Credit Corp
DECEMBER 14, 2021
If you’re finding it hard to make ends meet, you might need to look at ways to reduce your expenses. One way to cut costs is to review your monthly outgoings. Can you lose a few recurring subscriptions, for instance, or eat at home more often? Can you transfer your car loan to another person and have them take over your car payments? We’ll begin this guide with a solid answer to the loan assumption question: can someone else assume your car loan , and if so, how do they do that?
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?
Nerd Wallet
DECEMBER 13, 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. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about overcoming uncertainty in our present moment.
Account Recovery
DECEMBER 16, 2021
GETTING TO KNOW GWEN GULLICKSEN OF SENTRY CREDIT Reading the answers below, how can you not believe in serendipity, fate, or destiny? It seems too naive to just say it was luck that landed Gwen Gullicksen a job at Sentry Credit 10 years ago — especially when you read that she believes she found what … The post Daily Digest – December 16.
Public Citizen
DECEMBER 16, 2021
From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement with the Federal Trade Commission. The FTC’s complaint against South Carolina-based National Landmark Logistics , filed in July 2020, alleged that the defendants in the case used robocalls to leave deceptive messages claiming consumers f
Better Credit Blog
DECEMBER 17, 2021
If you’ve been considering buying a new car, but you’ve hesitated because you worry it will be expensive or the process of securing a loan will be too difficult, take heart. There are several steps you can take to get the best possible deal and make getting a loan, and eventually a car, a smoother process. One of the best steps you can take for yourself is to get pre-approved for an auto loan.
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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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