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.

Startups 213

Startups 213

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.

Collections 203

Collections 203

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.

141

141

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.

130

130

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.

UK debt collections

AUGUST 6, 2024

More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new research conducted by the Money Advice Trust , the charity that runs National Debtline, and the Centre for Social Justice think-tank. The findings, based on Freedom of Information requests to local authorities, form part of wider research into council tax debt and collection practices published by the Centre for Social Justice, which reveals that 1.3

Government 87

Government Collections 87

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.

Lender 135

Lender Loans Financial services 135

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.

130

130

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.

Debt Recovery 67

Debt Recovery Collection Agencies Collections Agency Collections 67

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.

Law Firms 59

Law Firms Lawyers Bankruptcy Creditors 59

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.

Banks

Consumer Finance

AUGUST 6, 2024

People can submit complaints about solar loans with the CFPB and with other federal and state agencies.

Loans 121

Loans Education 121

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.

Healthcare 130

Healthcare Collections 130

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.

59

59

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

Law Firms 52

Law Firms Lawyers Creditors 52

Advertisement

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.

Collection Agencies

Consumer Finance

AUGUST 6, 2024

Director Rohit Chopra delivered remarks about preventing predatory lending in the residential solar market.

Financial services 63

Financial services 63

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?

130

130

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

52

52

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.

Banks 52

Banks Financial Institution Loans 52

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.

Consumer Finance

AUGUST 6, 2024

Las personas pueden presentar quejas sobre préstamos para energía solar ante el CFPB y otras agencias federales y estatales.

Education 52

Education 52

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?

130

130

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.

Law Firms 52

Law Firms Lawyers Creditors 52

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.

Lender 40

Lender Loans 40

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?

Financial services

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

Bankruptcy 40

Bankruptcy Retail Debtor Collections 40

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: […]

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Account Recovery

AUGUST 8, 2024

Dates or dashes. What do they mean and how are they to be used in a consumers’ credit report?

130

130

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections Healthcare 130

Advertisement

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.

Collections