Enterprise Recovery
OCTOBER 21, 2024
Do you tense up every time you run your business's aging report ? Instead of feeling helpless about delinquent accounts, you can stay calm and take proactive steps to manage the situation. By adopting a strategic approach, you can implement practical solutions to increase your success at recovering outstanding payments. Tired of chasing overdue invoices?
Account Recovery
OCTOBER 25, 2024
The New York State Department of Health has issued guidance summarizing changes to state laws and regulations that impact how hospitals in The Empire State will handle patient eligibility, collect on unpaid debts, and manage financial assistance applications, among other changes. Expanded Eligibility for Financial Assistance A new law in New York has increased the income threshold for financial assistance eligibility.
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Qualco
OCTOBER 21, 2024
As debt collection becomes increasingly complex, regulatory compliance has shifted from a legal necessity to a strategic pillar for building trust, operational efficiency, and long-term re s ilience. Our latest report, " Compliance in Collections: Understanding Key EU Regulations " reveals how businesses can stay ahead of evolving regulations while achieving better collection results.
True Accord
OCTOBER 22, 2024
The big inflation situation plaguing the U.S. for the past three years seems to be coming to an end, and it could be that American consumers are partially to thank. Tired of paying higher prices, consumers increasingly turned to cheaper alternatives, bargain hunted or simply avoided items they found too expensive, pressuring retailers to accommodate them or lose their business.
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?
UK debt collections
OCTOBER 23, 2024
The value of bad debt suffered by small businesses has surged by a staggering 127 per cent in the last six months, according to a report by SME funder, Bibby Financial Services (BFS). According to the latest SME Confidence Tracker from Bibby, businesses have written-off an average of nearly £40,000 in unpaid invoices in the last 12 months, up from an average of £17,500 in the spring.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
OCTOBER 22, 2024
The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.
Burt and Associates
OCTOBER 21, 2024
About Transcript About I. Introduction: The Evolving Landscape of California Debt Collection This section introduces the importance of staying informed about the latest compliance requirements for debt collection in California, particularly for businesses operating under the Department of Financial Protection and Innovation (DFPI). II. Designated Email Update: A Crucial Communication Channel This section details the new requirement for businesses to designate a generic email address for official
Collections Law
OCTOBER 21, 2024
At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections lawyers have more than 50 years of combined experience. They have dedicated their practice to collecting commercial debts in Massachusetts. Using methods available under state and federal laws, our ethical debt collection lawyers fight to get you paid, and they do so relentlessly and aggressively.
Account Recovery
OCTOBER 23, 2024
The Department of Education is making its student loan collection on-ramp a little longer, announcing that it will start reporting late or missed student loan payments to credit bureaus in early 2025, a delay from the originally planned start date this month. This pushes the start of mandatory collections “and other consequences” as the department put it, into late 2025 at the earliest.
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
OCTOBER 21, 2024
The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.
JMA
OCTOBER 25, 2024
Economic downturns can place significant strain on both businesses and individuals, leading to widespread financial difficulties. During these challenging times, many debtors may struggle to make payments, leaving businesses to deal with a rising number of overdue debts. As financial health deteriorates, businesses must adopt a more flexible and empathetic approach to managing debt collection.
Debt Free Colorado
OCTOBER 25, 2024
How You Can Give Your Business a Second Chance Are you struggling with keeping up with your business’s costs? Bankruptcy might be the solution you need. Bankruptcy lawyers in Denver, CO can also help you with the process. However, understanding which chapter applies to your situation is important. Business bankruptcy allows businesses struggling with debt to have a renewed financial status.
Account Recovery
OCTOBER 25, 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? Call (855) WEB-RECON or email admin@webrecon.net today!
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
OCTOBER 23, 2024
The Consumer Financial Protection Bureau (CFPB) issued guidance to protect workers from unchecked digital tracking and opaque decision-making systems.
Inside ARM
OCTOBER 22, 2024
Editor's Note: This article was originally published on the Buckley (now Orrick) InfoBytes Blog and is republished here with permission.
Debt Free Colorado
OCTOBER 21, 2024
Our Bankruptcy Lawyers are Your Local Legal Lifeline Are you looking for bankruptcy lawyer in Denver, CO ? When considering bankruptcy, having an experienced attorney by your side is essential. Bankruptcy laws can be complex and are always subject to change. A skilled Denver bankruptcy lawyer can easily navigate this legal process’s ins and outs.
Account Recovery
OCTOBER 22, 2024
A District Court judge granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were barred because they should have been addressed in an earlier case instead of a separate lawsuit being filed. The background: The plaintiff filed bankruptcy protection in January 2020, listing the debt in question.
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
OCTOBER 21, 2024
Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.
Burt and Associates
OCTOBER 21, 2024
As part of Burt and Associates’ ongoing commitment to staying compliant with state regulations, the debt collection industry is witnessing several critical updates—particularly in California , where evolving rules are reshaping operational practices. With deadlines fast approaching and strict regulations enforced by the Department of Financial Protection and Innovation (DFPI) , businesses must remain proactive to avoid disruptions and ensure compliance.
Collection Industry News
OCTOBER 24, 2024
Inflation may be cooling, but when it comes to credit card debt more than a third of cardholders are finding themselves in hot water. Roughly 2 in 5 credit cardholders, or 37%, have either maxed out a credit card or come close to doing so since the Federal Reserve began hiking interest rates in March 2022, according to a new online survey of 3,576 U.S. adults by personal finance firm Bankrate.
Account Recovery
OCTOBER 22, 2024
SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company.
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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.
Consumer Finance
OCTOBER 23, 2024
Director Chopra delivered remarks at the Joint Field Hearing with the Department of Labor on Worker Tracking in Michigan.
Enterprise Recovery
OCTOBER 25, 2024
Failing to manage accounts receivable can result in delayed payments, hindering the ability to pay bills, meet payroll, and reinvest in your business. For freelancers and small businesses especially, it is imperative to prioritize strategies that will help keep accounts receivable in check and improve cash flow to meet expenses. Boost the financial stability of your freelance or small business by mastering accounts receivable management for a proactive cash flow.
Collections Law
OCTOBER 23, 2024
Unpaid debts are frustrating for business owners, but they are also a regular part of doing business. Successfully collecting on these commercial debts can directly influence your overall success as a business. Obtaining a judgment is just the beginning of the commercial collections journey. The real challenge lies in enforcing that judgment and getting paid.
Account Recovery
OCTOBER 21, 2024
ACA International on Friday sent out an alert to its members letting them know that the association, on behalf of one of its members, has filed a lawsuit seeking to block the enactment of debt collection rules that are slated to go into effect in New York City in December. The suit, filed against New York City Mayor Eric Adams, the city’s Department of Consumer and Worker Protection, and DCWP Commissioner Vilda Vera Mayuga, argues that the new rule, which is set to take effect on December
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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