American Profit Recovery
AUGUST 5, 2024
American Profit Recovery is a great place to build a career. Since 2008 we have been ranked as one of the best places to work in collections. And that comes straight from our team members. For over a decade, we’ve gone through a time-consuming survey process that methodically ranks the best places to work in the collection industry. And it is well worth the effort.
Enterprise Recovery
AUGUST 9, 2024
Navigating the financial landscape of business operations can be daunting, regardless of the company's size. From small startups to large corporations, financial challenges constantly require careful planning and strategic decision-making. Whether managing cash flow, setting financial goals, staying compliant with taxes, or planning for growth, businesses must proactively address these challenges to ensure long-term success and sustainability.
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Consumer Finance
AUGUST 7, 2024
The CFPB filed a proposed order to resolve its lawsuit against Credit Repair Cloud and CEO Daniel Rosen for assisting businesses that charge illegal advance fees to consumers.
Account Recovery
AUGUST 9, 2024
The Consumer Financial Protection Bureau yesterday announced an enforcement action against Credit Repair Cloud and its CEO, Daniel A. Rosen, for their role in aiding credit repair businesses that charged illegal advance fees to consumers.
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?
American Profit Recovery
AUGUST 8, 2024
What is Mental Rehearsal? When learning about mental rehearsal, it’s important to understand that it is a proven tactic that can help anyone who wants to improve the way they perform. It has been put through the process of the scientific method with consistently reproducible results. Mental Rehearsal Definition Mental rehearsal is the act of using your internal voice and practicing a task inside your mind without the need to physically act it out.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
AUGUST 6, 2024
The CFPB issued a report finding that some residential solar lenders are misleading homeowners and cramming markup fees into borrowers’ loan balances.
Account Recovery
AUGUST 9, 2024
Encore Capital reported net income of $32 million for the second quarter of 2024, up from $26 million during the same period a year ago.
Debt RR
AUGUST 8, 2024
When faced with unpaid debts, businesses often consider either placing accounts with a collections agency or filing an insurance claim to recover losses. While both options have their merits, placing accounts for collections offers several distinct advantages that make it a more effective and efficient solution. Higher Recovery Rates Collections agencies specialize in debt recovery.
NCBA Law Practice Management Blog
AUGUST 9, 2024
Generally speaking, most law firm intake systems need a whole heck of a lot of work. But, while many law firms lose leads through their client journey, that probably could have been converted – there is one thing that law firms usually get right, in the intake process. Law firms tend to generate short initial intake forms, which is great – because legal consumers don’t want to jump through a lot of hoops before they’re allowed to talk to their potential attorney.
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.
Consumer Finance
AUGUST 6, 2024
People can submit complaints about solar loans with the CFPB and with other federal and state agencies.
Account Recovery
AUGUST 9, 2024
Rohit Chopra, the director of the Consumer Financial Protection Bureau, went on Reddit yesterday and did an AMA (Ask Me Anything). For an hour, Chopra answered questions from Reddit users about medical debt and the Bureau’s proposed rule on medical debt credit reporting. Comments on the proposal are due Tuesday, August 12.
Direct Recovery
AUGUST 3, 2024
Working to improve your credit score can be a difficult undertaking due to the fact that you never really know for sure how much impact any given action will have on your score, or how long it will take for those changes to show up. If you are working to improve your score, you likely have a target number in mind and a deadline you need to hit, which means that you absolutely must get the most impact possible on every action you take.
NCBA Law Practice Management Blog
AUGUST 9, 2024
Any divorce lawyer, if they could get to a client when they were about to get married , would advise a prenup. Similarly, and more relevant to the current topic, any business or corporate attorney would tell any partners in a business venture, to make sure to sign a partnership agreement or operating agreement before joining together. The thesis for both scenarios is pretty similar , in that i t presumes the ‘ un’happy ending – which no one wants to think about before starting a new journey, eve
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.
Consumer Finance
AUGUST 6, 2024
Las personas pueden presentar quejas sobre préstamos para energía solar ante el CFPB y otras agencias federales y estatales.
Account Recovery
AUGUST 9, 2024
Separate Suits Accuse Different Defendants of Not Honoring Cease Requests Defendants in CFPB Credit Repair Fee Suit to Pay $3M Highlights from Encore Capital’s Earnings Call Highlights from Rohit Chopra’s Reddit AMA on Medical Debt Credit Reporting Proposal WORTH NOTING: You think you could win a bronze medal while suffering with COVID?
Hudson Weir
AUGUST 9, 2024
Hudson Weir have been appointed as administrators for the reigning British Basketball League champions, the London Lions. Joint administrators Hasib Howlader and Nimish Patel – both Licensed Insolvency Practitioners – have stepped in to guide the club through this challenging time and are currently searching for a buyer. The Lions men’s and women’s teams are both reigning British champions and the women were crowned winners of the EuroCup when they beat Turkish giants Besiktas in Apr
Payment Savvy
AUGUST 6, 2024
Financial transactions revolve around various numerical identifiers that ensure secure and precise processing. These identifiers are fundamental, from the bank account number on checks to the digits on your credit card. Understanding these identifiers can help you manage your finances more effectively and avoid potential transaction pitfalls. As financial technologies evolve, keeping abreast of these fundamentals remains crucial for personal and business financial health.
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.
Consumer Finance
AUGUST 6, 2024
Director Rohit Chopra delivered remarks about preventing predatory lending in the residential solar market.
Account Recovery
AUGUST 9, 2024
EDITOR’S 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?
NCBA Law Practice Management Blog
AUGUST 4, 2024
Law firm owners are heavily focused on revenue; but, maybe: not in the right way. Because, when I say that law firm owners are ‘focused on revenue ’, I really mean that they ‘worry about it constantly ’. But, that’s not productive. A more productive way to express your concern over the revenue your business generates is to focus on growth. The simplest step that a managing lawyer can take, in the right direction, when it comes to revenue growth, is to just set a goal.
Credit Corp
AUGUST 8, 2024
Coming up with the money you need to buy a house can seem out of reach for many people to do alone. According to a recent survey, about half of Americans are willing to split the cost of buying a home with someone else. Buying a home with your sibling may help you pool your resources and get into a nicer home than you could afford alone. But there are a few steps you’ll want to take to make sure the experience is a positive one.
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Collection Industry News
AUGUST 6, 2024
LL Flooring, formerly known as Lumber Liquidators, has filed for bankruptcy and will close 94 of its stores across the United States. But the retailer is not liquidating itself immediately, as the company recently announced that it had entered Chapter 11, which allows for a re-organization rather than a wind-down of the business. Instead, LL Flooring will use the process to seek a sale of the 30-year-old business, which said it’s in “active negotiations with multiple bidders,” according to a pre
Account Recovery
AUGUST 8, 2024
Getting to Know Karin Dussault of First Financial Resources Los Angeles County Wants to Scrutinize Hospitals’ Medical Debt, Including Accounts Placed with Collection Agencies Appeals Court Affirms Ruling for CRA in FCRA Case, But Dissenting Opinion Says ‘Critical’ Evidence was Overlooked PRA Group Reports Higher Profits, Shares Update on Impact of Turnaround Plan WORTH NOTING: […]
Account Recovery
AUGUST 8, 2024
Dates or dashes. What do they mean and how are they to be used in a consumers’ credit report?
Account Recovery
AUGUST 8, 2024
Los Angeles County, the largest county in the United States — with nearly 10 million residents — is on the cusp of enacting an ordinance that could reshape how hospitals manage and report medical debt.
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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