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.

Accounts Receivables Management 208

Accounts Receivables Management 208

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.

Healthcare 130

Healthcare Collections Loans 130

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.

145

145

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.

Judgment 98

Judgment Commercial Collection Debtor Lawyers 98

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.

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?

Collections 202

Collections 202

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.

Financial services 139

Financial services Banks 139

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.

Debt Management 98

Debt Management Collections Government 98

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.

Financial services 81

Financial services Government Collection Companies Creditors 81

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!

Fair Debt Collection 130

Fair Debt Collection Collections 130

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

OCTOBER 23, 2024

The Consumer Financial Protection Bureau (CFPB) issued guidance to protect workers from unchecked digital tracking and opaque decision-making systems.

136

136

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.

Student Loans 77

Student Loans Student loans Debt collector Loans 77

Consumer Finance Watch

OCTOBER 21, 2024

The Foreclosure Abuse Prevention Act (“FAPA”) has been heavily litigated since its enactment in December 2022. New York courts have issued conflicting decisions interpreting FAPA, including whether the statute applies retroactively to conduct that occurred prior to its enactment and whether retroactive application is unconstitutional. Lenders, mortgage servicers, and other financial institutions should take note that the Second Circuit has certified the question of FAPA’s retroactive application

Foreclosure 59

Foreclosure Financial Institution Lender 59

Account Recovery

OCTOBER 25, 2024

A District Court judge in Virginia has ruled that the named defendant in a Fair Debt Collection Practices Act and Fair Credit Reporting Act case — the CEO of a finance company — should be dismissed, but declined to dismiss the case overall, ruling that the company itself is a necessary party to the lawsuit. The background: The plaintiff entered into an installment contract with to purchase HVAC-plumbing equipment for a home improvement project.

Fair Debt Collection 130

Fair Debt Collection Collections 130

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

OCTOBER 21, 2024

Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.

Banks 86

Banks 86

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.

Bankruptcy 52

Bankruptcy Lawyers Chapter 13 bankruptcy Creditors 52

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.

Debtor 52

Debtor Collections 52

Account Recovery

OCTOBER 25, 2024

The Consumer Financial Protection Bureau is taking aim at employers using invasive technologies and third-party consumer reports to track and make decisions about workers. With new guidance issued yesterday, the CFPB warns that companies must comply with the Fair Credit Reporting Act when using such tools. The big picture: As employers increasingly deploy digital tracking tools and algorithmic decision-making systems, the CFPB is making it clear that workers have the right to consent, transparen

130

130

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

OCTOBER 23, 2024

Director Chopra delivered remarks at the Joint Field Hearing with the Department of Labor on Worker Tracking in Michigan.

85

85

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.

Bankruptcy 52

Bankruptcy Lawyers Chapter 13 bankruptcy Creditors 52

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 52

Collections Debt collector Debt Recovery Collection Agencies 52

Account Recovery

OCTOBER 24, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

Collections 130

Collections 130

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

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.

Collections 52

Collections Commercial Collection Fair Debt Collection Lawyers 52

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.

52

52

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.

Debt Recovery 52

Debt Recovery Collections 52

Account Recovery

OCTOBER 24, 2024

Most days, when it comes to writing about legal rulings, I tend to stick to rulings that are considered dispositive — where a motion to dismiss or motion for summary judgment or motion for judgment on the pleadings are ruled on — motions that can bring a case to an end. Today’s case is a little different. Consider it a palette cleanser.

Collections 130

Collections Fair Debt Collection Judgment Debt collector 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