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Any secured creditor, large or small, may encounter a situation in which it is preferable to retain or recover the collateral in a transaction without having to sell the collateral itself. The purpose of this article is to make creditors aware of what is and is not possible to do under Florida law. Below is a synopsis of what Florida courts have decided on the subject as well as the requirements secured parties must meet when choosing to accept the collateral itself in satisfaction of the obliga
Complaints Accuse Collectors of Ignoring Requests to Communicate via Specific Channels Judge Grants MTD in FDCPA Class Action Over Credit Reporting Language in Letter Bill Introduced in Senate to Criminalize Illegal Robocallers Appeals Court Affirms Dismissal of FDCPA Suit Against Creditor WORTH NOTING: Meet a species of penguins that take 10,000 little naps every day […]
The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: The Capital One Spark Cash Plus is ideal for small business owners with excellent credit.
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?
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
It is very uncommon for a ruling at the District Court level in a Fair Debt Collection Practices Act case to not only have a Table of Contents, but one with sections and subsections, even if it is a class action. At the start, that’s a sign that this is not your ordinary ruling.
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It is very uncommon for a ruling at the District Court level in a Fair Debt Collection Practices Act case to not only have a Table of Contents, but one with sections and subsections, even if it is a class action. At the start, that’s a sign that this is not your ordinary ruling.
As we look ahead to 2024, small business accounting software is expected to grow even more. More and more UK small businesses are becoming more reliant on technology than ever before. Whether you’re a small business owner or run a large corporation, using the right accounting software can be the difference between success and failure. The best accounting software can simplify your financial processes, help you stay organized, and even enable you to make better business decisions.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Generally, you should aim to spend under 30% of your gross monthly income on rent. Table of Contents How Much Rent Can I Afford?
Companies often shop for payment processing services based on cost. For many businesses, especially those in regulated industries, using this criteria may not lead you to the best payment software for your company. This is because not all payment processing services are the same. Some payment softwares are designed with specific industries in mind and don’t offer the payment processing services your consumers and your office require (or include features you’ll never need).
Almost three-quarters of individuals can’t or don’t pay their healthcare bills immediately, and among those who wait, not having enough money to pay the bill is the biggest reason why, according to the results of a nationwide survey that were released earlier this week.
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.
The latest figures for the number of CCJs issued has been released by the Registry Trust. The report is for months July, August and September. Also referred to as Q3. The full report released from the Registry Trust detailing the number of ccjs issued is as follows: The total number of judgments registered in the British Isles in Q3 2023 was 259,343.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: This card is great if you have a weaker credit score and are looking to access a potentially larger line of credit than most credit cards for
Employers who provide non-cash, work-related benefits to employees should consider the potential tax implications of “fringe benefits”. A “fringe benefit” is a form of pay provided to employees in addition to stated pay, such as lodging and meals, that will be taxable to an employee unless an exclusion applies. 26 CFR § 1.162-32 and IRC Sections 132 and 162(a) are the two fringe benefit exclusions employers must consider when providing lodging to employees.
Getting to Know Tracy Davis of Quanta Credit Services Judge Grants MTD in FDCPA Case Over Dismissed Collection Suit Suit Seeks $2M from Agency, Healthcare Provider Over Allegedly Illegal Collection Practices Why Most People Don’t Pay Their Healthcare Bills WORTH NOTING: If you’re getting your mail later than usual, you might want to blame Amazon […]
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.
Late paying contractors are to be prevented from procuring government contracts under new proposed legislation. Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a public work ban The potential public work ban was announced as part of the Autumn Statement , where chancellor Jeremy Hunt outlined the deadlines that would tighten over the next couple of years.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: Whether you go with the the Capital One Spark Cash Select for Good Credit or the Capital One Spark Cash Select for Excellent credit, you can
I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices, and many others.
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
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.
The Government is to our £16.3 million into HMRC Debt Collection, raising efforts to recover £4.67 billion in unpaid taxes over the next six years. According to Treasury estimates, the injection of cash will help HMRC’s debt management team recoup £515million in taxes in 2024-25. By 2025, over £1billion worth of unpaid taxes will be recovered according to the announcement in last week’s Autumn Statement.
In the state of Massachusetts, there is no requirement that the work on a project has to be completed, or even started before initiating a mechanic’s lien. Therefore, as a matter of course, it is good business practice for contractors, subcontractors and sub-subcontractors to initiate the procedures for a mechanic’s lien as soon as possible. A mechanic’s lien is an invaluable tool to ensure payment for a construction project.
On November 22, the Third Circuit Court of Appeals issued a decision finding that the plaintiff lacked Article III standing in a putative class action brought under the Fair Debt Collection Practices Act (FDCPA). In Morales v. Commonwealth Financial Systems, Inc. , the plaintiff incurred a debt to a medical services provider. The debt was assigned to another entity and then referred to the defendant for collection.
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.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: The Capital One Venture X Rewards credit card is an ideal option for those with excellent credit who want a premium travel rewards credit c
At JMA Credit Control, we’ve witnessed first-hand the remarkable transformation in the debt collection industry, a change driven largely by technological innovation. Gone are the days when debt recovery was synonymous with endless paper trails and one-size-fits-all communication strategies. In this digital era, technology has not only refined our methods but has also enhanced the.
Join Troutman Pepper Partner Chris Willis and Counsel Shannon Patterson as they discuss the top issues a company’s board of directors needs to consider regarding the use of artificial intelligence (AI) in its business. Shannon specializes in advising companies on board and management governance issues, particularly publicly traded companies, to ensure that boards are well-informed of their responsibilities.
Collector Facing FDCPA Class Action Over Lack of Interest Accrual Disclosure in MVN Judge Grants MTD in FDCPA Class Action Over Undated MVN Judge Partially Grants MTD in TCPA Case Over Calls to Wrong Number FCC Taking More Steps to Block Illegal Text Messages WORTH NOTING: You can still get some deals if you missed […]
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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