American Profit Recovery

JANUARY 12, 2024

You want to keep your hard-earned customers. We thought so! Sometimes as you well know, customers do not pay. But that does not mean you have to lose that customer. In many cases, something has prevented your customer from paying on time or meeting their financial obligations to your business. While there are obviously disputes that need to be worked out, sometimes a customer just needs a little time and assistance to get caught up with your business.

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Collection Agencies Collections Agency Collections 175

UK debt collections

JANUARY 11, 2024

Freelancers and contractors are becoming increasingly concerned about late payment of invoices with more than a quarter reporting some payments are settled at least 60 days late, new research shows. The study by Workwell & IPSE found nearly half (49%) are concerned about the ongoing issue of late payments with 11% saying they are very concerned.

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Enterprise Recovery

JANUARY 12, 2024

While much of your budget planning was likely done in the fourth quarter, it's never too late to set your business up for success in the new year. Financial planning is valuable at any time - whether you're evaluating your business investments or measuring why your cash flow is slow. Read further to discover essential financial planning tips for business owners to ensure long-term success and growth.

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True Accord

JANUARY 10, 2024

2023 brought a whirlwind of an economy, and we spent most of the year trying to predict when things would finally turn around. The good news is that things are looking up, and so are consumer sentiments on their financial outlook. Despite the optimism, consumers are still battling high prices and interest rates, though the holiday shopping numbers would make you think otherwise.

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Student loans Student Loans Loans Banks 57

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.

Troutman Sanders

JANUARY 12, 2024

In a change of course, the Utah court of appeals has reversed the dismissal of a plaintiffs’ suit against a debt collector based on its alleged failure to register as a collection agency prior to filing collection suits. While the Utah Collection Agency Act (UCAA) was repealed by the Utah legislature last year, discussed here , cases asserting this theory of liability remain pending before state and federal courts in the state.

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Collection Agencies Collections Agency Debt collector Collections 52

American Profit Recovery

JANUARY 9, 2024

If your business is at a point where you know you can improve cash flow, there are many things that you can address internally that can advance your chances of better cash flow. If you’re running a small business, you may be cleaning up your books anyway to hand them off to your CPA for tax season. So why not in the process, take a hard look at your accounts receivable process and make any necessary changes.

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Collection Agencies Collections Agency Collections 212

Consumer Finance

JANUARY 10, 2024

The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports, as well as sloppy credit file sharing practices.

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PDC Flow

JANUARY 12, 2024

Courtney Reynaud , President and CEO of Creditors Bureau USA , has found success in her agency with careful attention to policies, procedures, and work instructions. But, she didn’t always have such a strong compliance management system. Before her office focused on these practices, she noticed blame would often be placed on a single employee or a client.

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Collection Agencies Collections Agency Collections Education 71

Account Recovery

JANUARY 12, 2024

The Consumer Financial Protection Bureau yesterday released a pair of advisory opinions related to the Fair Credit Reporting Act — one addressing inaccurate background check reports and the other reminding credit reporting agencies that consumers have a right to their entire credit file any time it is requested.

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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

Credit Corp

JANUARY 12, 2024

A same-day credit card is also referred to as an instant-use credit card. When credit card providers offer this option, they provide tools that make it possible for you to make charges on the card immediately once you’re approved. This is in contrast to the traditional process, which requires you to wait for around two weeks until the actual credit card arrives via mail.

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Retail Lender 59

Jimerson Firm

JANUARY 12, 2024

Over the past few years, I have seen a rising trend in consumer lawsuits alleging violations of the FCCPA relating to the residential landlord-tenant relationship. These lawsuits may also allege a violation of the Florida Residential Landlord Tenant Act (FRLTA). Oftentimes, the alleged violation is based upon a 3-day notice sent by the landlord or the management company.

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Consumer Collections Legal Rights Collections Banks 59

UK debt collections

JANUARY 8, 2024

Energy companies have been granted approval to resume force-fitting prepayment meters in people’s homes nearly a year after it was suspended. EDF, Octopus and Scottish Power can install the meters again after meeting various requirements set by Ofgem, the industry regulator. For years, energy companies were able to force-fit prepayment meters into homes when bills went unpaid.

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Government 59

Account Recovery

JANUARY 12, 2024

Collector Facing FDCPA Class Action for Allegedly Not Accepting Insurance Information from Plaintiff Judge Dismisses FDCPA Suit Over Failure to Respond to Disputes CFPB Issues Advisory Opinions on FCRA Procedures Credit Bureau Removing All N.Y. Consumer Medical Debts From Reports Southwest Recovery Services Achieves 10X ROI with Skit.

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Credit Bureau 147

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Collection Agencies

Hudson Weir

JANUARY 12, 2024

If you’re not sure what a company limited by guarantee is or what happens when it is insolvent, you’ve come to the right place. A private company limited by guarantee, also known as a CLG, differs from one limited by shares. For a company limited by shares, shareholder liability is limited to the capital originally invested by creditors. As with companies limited by shares, those limited by guarantee (LBG) are also governed by the Companies Act 2006 in the UK.

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Government Creditors Banks 52

Jimerson Firm

JANUARY 9, 2024

Trusts are an increasingly popular estate planning vehicle by which estate assets can be administered and distributed outside of probate court, often in place of more traditional wills. Like with wills, there can be disputes about the terms of the trust when a trust is created or changes are made late in the trust settlor’s life and the result is a significant change in favor of a particular beneficiary of the trust to the detriment of other beneficiaries or potential beneficiaries.

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Credit Corp

JANUARY 12, 2024

A credit card balance transfer is the practice of moving debt from one credit card account to another. Typically, this is done to obtain better interest rates. Reports show that the average credit card debt is nearly $8,000. This amount may seem impossible to pay off, especially if you have high interest rates or your debt is spread across several cards.

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Credit Card Debt Personal loans Loans 52

Account Recovery

JANUARY 11, 2024

Getting to Know Oussama Hamouti of January Judge Denies Competing Summary Judgment Motions in FDCPA Case Over Botox Purchase Title Lender Reaches $6M Settlement with Pennsylvania AG Tech Giants Take Stand Against Proposed CFPB Rule Solutions by Text and Prodigal Join Forces to Transform Consumer Finance with AI-Powered Intelligence WORTH NOTING: DuoLingo is replacing 10% […]

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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.

Roths Child Law

JANUARY 12, 2024

Filing for bankruptcy is often treated as a last resort for those overwhelmed by debt, partially because there's a common misconception that it can lead to the loss of all of one’s personal assets. Thankfully, this is not accurate. Bankruptcy laws are designed not just to relieve debtors of their financial burdens, but also to allow them a chance to rebuild their financial future.

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Troutman Sanders

JANUARY 12, 2024

On January 11, the Consumer Financial Protection Bureau (CFPB or Bureau) issued two “advisory opinions” addressing the CFPB’s views of the obligations of consumer reporting agencies (CRAs) under the Fair Credit Reporting Act (FCRA). The advisory opinions are interpretive rules issued under the Bureau’s authority to interpret the FCRA pursuant to § 1022(b)(1) of the Consumer Financial Protection Act of 2010.

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Bankruptcy 52

Price Meese

JANUARY 12, 2024

PMSD is proud to announce that Partner, Thomas C. Martin, Esq, will again attend the Transportation Lawyers Association Annual Mid-Winter Meeting and Conference between January 18, 2024 and January 19, 2024 at the Radisson Blu Hotel in Chicago. More information can be found at the Transportation Lawyers Association website: www.translaw.org. The post Thomas Martin to attend Transportation Lawyers Mid Winter Conference appeared first on Price, Meese, Shulman & D’Arminio, PC.

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Lawyers 52

Account Recovery

JANUARY 11, 2024

A District Court judge in Nevada has denied competing summary judgment motions from both parties in a Fair Debt Collection Practices Act case, ruling that it isn’t totally clear whether the debt in question — the purchase of Botox — is covered under the FDCPA. The Background: The plaintiff purchased Botox Aesthetic from a business.

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Judgment Fair Debt Collection Collections 147

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

Sawin & Shea

JANUARY 11, 2024

Staring down mountains of debt can feel overwhelming. Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Education Debtor Bankruptcy Chapter 13 bankruptcy 52

Troutman Sanders

JANUARY 12, 2024

On January 10, HB 254 , entitled the True Lender Act, was introduced before the Maryland House of Delegates. The Act would amend the Maryland Commercial Law to add an article containing both predominant economic interest and totality of the circumstance tests to determine the “true lender” of a loan. A hearing on HB 254 is scheduled on January 23. HB 254 contains an anti-evasion provision providing that a person must not attempt to evade the Act’s requirements by making, offering, assisting, or

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Banks Lender Loans 52

Credit Corp

JANUARY 11, 2024

The least expensive and potentially easiest way to buy a car with bad credit is to pay cash outright for it. That way, no one even needs to check your credit history, and you don’t pay interest expense of any kind. However, that’s not a path everyone can take, especially with the rising costs of new and used cars. The average MSRP for a new vehicle in 2023 was $34,876, and used vehicles aren’t much cheaper.

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Loans Lender Credit Card Debt Credit Bureau 52

Account Recovery

JANUARY 10, 2024

DALLAS, TX, and MOUNTAIN VIEW, CA, January 10, 2024 – Solutions by Text (SBT), the enterprise messaging and payments platform for consumer finance businesses, today announced its partnership with Prodigal, the pioneer of AI-powered consumer finance intelligence.

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