Account Recovery
MARCH 27, 2024
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
Credit Corp
MARCH 26, 2024
Money orders and cashier’s checks are both payment methods similar to personal checks. However, a money order is issued and guaranteed by the retailer where it was purchased, while a cashier’s check is issued and guaranteed by a bank. Money orders and cashier’s checks are payment methods that look much like personal checks. Their similarities may make it difficult to choose between a money order versus a cashier’s check.
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Collect More
MARCH 25, 2024
This, my friends, is a billion dollar question. And here is the billion dollar answer- they don’t NEED to. Create the need and you’ll be paid. How else do you explain the $2.5 million dollars we collected in 2023 within 1 day of receiving the debt. 1 phone call or 1 email. $2.5 million dollars. That’s right- they had the money all along.
Jimerson Firm
MARCH 26, 2024
In the complex and fast-paced world of business mergers and acquisitions (M&A), the creation of a comprehensive closing checklist is crucial. The closing checklist serves as a deal roadmap, ensuring that all critical steps are taken, and no detail is overlooked. A well-prepared closing checklist can significantly streamline the closing process, minimize risks, facilitate discussions, and get the parties working together to close the deal.
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.
Credit Corp
MARCH 25, 2024
Generally, it helps to save up to 20-25% of a house’s sales price. However, factors like geographical location, economic climate, real estate interest rates, and global events will influence how much money you’ll need to buy a house. Key Takeaways: An ideal down payment is 20% to 25% of a home’s value. USDA and VA home loans traditionally don’t require down payments.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
MARCH 26, 2024
The Consumer Financial Protection Bureau issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law.
FFGN COLLECT NY
MARCH 25, 2024
CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, President of Frank, Frank, Goldstein & Nager. At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.
UK debt collections
MARCH 27, 2024
Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices. The “rogues gallery” included Ceva Logistics, Reed Boardall, Brake Bros and Jack Richards & Son. However, Leicestershire-based Samworth Brothers was praised for making a big improvement in its payment performance.
Account Recovery
MARCH 29, 2024
Class-Action Accuses Firm of Filing Suit in Wrong State Judge Rules MTD Should be Granted in FDCPA Case Over Email Preference for Communications Judge Grants MTD in FDCPA Over Whether Plaintiff Disputed Debt Judge Declines to Strike Down N.J.
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
MARCH 25, 2024
The CFPB is working to be a leader when it comes to building agency capabilities to address transformative technologies.
Credit Corp
MARCH 25, 2024
Key Takeaways: Interest rates are fees that you pay while borrowing money until you completely repay a loan. Interest rates are calculated with the formula A=P(1+rt), which can help you find the total interest on a loan. Having a higher credit score can help you qualify for lower interest rates. In essence, interest rates work by determining how much a borrower must pay a lender while using a loan.
NCBA Law Practice Management Blog
MARCH 28, 2024
Maybe the most important activity that you can engage as a business owner, is to convert leads into clients – because, with out that process being successful: you don’t really have a business. what you’ve got is a hobby. Now, ever since the COVID-19 pandemic hit, law firms have been far more attuned to intake, than previously – but, there are still some refinements that can be made, to that process.
Account Recovery
MARCH 28, 2024
Getting to Know Joel Blackburn of Cornerstone Licensing Judge Denies Defendant’s MJOP in FDCPA Case Over Tax Debt Judge Denies MTD, Rules Credit Union Meets WVCCPA Definition of ‘Debt Collector’ in Convenience Fee Case CFPB Issues Guidance Over ‘Free’ Money Transfers, Claims of How Fast Funds Are Available WORTH NOTING: What life is like for […]
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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
MARCH 26, 2024
La CFPB les advierte a los proveedores de transferencias de remesas no hacer falsas declaraciones sobre el costo y la velocidad de sus servicios.
Sawin & Shea
MARCH 27, 2024
Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. So, what happens if I get a job after filing Chapter 7? They believe those declaring bankruptcy are irresponsible or bad with money.
Jimerson Firm
MARCH 28, 2024
Featured in the March 2024 Issue: Partner’s Perspective: Stepping Out of Your Comfort Zone in the Workplace “For many of us, ideal professional growth includes the continuous development and application of skills to make a positive impact on your current position and career pursuits. Often, folks in the workplace are under the impression that their skills will be honed simply with their normal day-to-day experience and creating consistent work habits.
Account Recovery
MARCH 28, 2024
What constitutes a debt? The definition seems to change by the day. A District Court judge in Connecticut has denied a defendant’s motion for judgment on the pleadings, ruling the debt in question does meet the Fair Debt Collection Practice Act’s definition of a debt and that the suit should proceed.
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
MARCH 25, 2024
The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.
Price Meese
MARCH 28, 2024
Price Meese partner, Thomas C. Martin, Esq., is proud to be one of the featured speakers for the Traffic Club of Newark’s Annual Membership Gala being held on April 18, 2024, at Galloping Hill, 365 Chestnut Street, Union, New Jersey. Mr. Martin will be making his presentation entitled “Hot Topics in Transportation Law,” to transportation carriers, brokers, freight forwarders, warehouse operators and industry insiders.
Collection Industry News
MARCH 27, 2024
NEW YORK/ALEXANDRIA, VA – April 2, 2024 – New bankruptcy filings during the first calendar quarter of 2024 (Jan. 1 through March 31) registered year-over-year increases across all U.S. major filing categories, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Total commercial chapter 11 filings (including subchapter V) registered the largest increase, as the 1,894 filings during the first quarter of 2024 were up 43 percent from the 1,325 total co
Account Recovery
MARCH 27, 2024
Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit CFPB, FTC Ramping Up Tech Capabilities, Staff 27 Companies Seeking Collection Talent WORTH NOTING: Now that Spring is on the way, here is the best patio furniture and how to shop for it […]
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?
Consumer Finance
MARCH 25, 2024
Today, a number of federal and state agencies released agency-specific action statements on tech capacity.
BN Lawyers
MARCH 25, 2024
Here’s the latest risk management guidance, published in February 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Florida is the First State to Publish an Ethics Op Use of Generative Al – Feb 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
Collection Industry News
MARCH 25, 2024
March 15 (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be paid in case of a default and companies can defer interest payments.
Account Recovery
MARCH 27, 2024
Collectors that choose to settle Fair Debt Collection Practices Act lawsuits for amounts that exceed the cap established by the statute are making their own bed and should not be restricted from doing so, a Magistrate Court judge in New Jersey has ruled, granting preliminary approval of a settlement in an FDCPA class action.
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