Account Recovery
DECEMBER 6, 2023
New report from TransUnion and Datos Insights also finds 60% of third-party collections companies on the path to adopting artificial intelligence to improve consumer experiences Chicago, Dec.
FFGN COLLECT NY
DECEMBER 8, 2023
A general contractor on a construction project has direct contact with the project manager, owner, or developer running the project. The connection, “privity” of contract, results in smoother communication and a higher likelihood of payment to the general contractor. The general contractor is typically the first to know of missing or late payment. This can create challenges when it comes to subcontractor debt collection.
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Qualco
DECEMBER 7, 2023
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
Collections Law
DECEMBER 4, 2023
Any business, no matter how large or small relies on their customers paying their bills. But over the course of doing business, there will inevitably be a customer who does not or cannot pay their bills. When that customer is another business, you may need to resort to aggressive collection techniques. At Law Offices of Alan M. Cohen & Associates LLC, our experienced collection attorneys are aggressive and relentless, ethically pursuing all manners of collection debt practices provided to us
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
DECEMBER 4, 2023
Effective communication is the foundation for building trust with clients. Communicating clearly and consistently shows your clients that you value their business and respect their time. Communication and trust create a positive relationship so your clients feel good about paying their invoices.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
DECEMBER 6, 2023
The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs.
Payment Savvy
DECEMBER 7, 2023
Paying for healthcare expenses out of pocket can be a huge burden, especially if you are dealing with a chronic illness. According to various studies, medical expenses are the leading cause of bankruptcy in the United States. But if you have an FSA card, you can use it to help cover eligible health expenses. What Is an FSA Card? A flexible spending account (FSA) card is a special debit card that allows you to pay for approved healthcare expenses using the pre-tax money you’ve contributed t
Credit Corp
DECEMBER 4, 2023
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. A CD rate refers to the interest someone can earn on a certificate of deposit over time. A certificate of deposit (CD) is a term deposit where funds are only accessible after a set period. A CD rate refers to the interest that a person can earn on a certificate of deposit over time.
Account Recovery
DECEMBER 8, 2023
It might be a ruling on standing instead of the merits of the argument, but another brick has been placed in the wall being built up around the argument that undated Model Validation Notices are in violation of the Fair Debt Collection Practices Act.
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.
Jimerson Firm
DECEMBER 7, 2023
By Brandon C. Meadows, Esq. & Ty Robare, Law Clerk Businesses regularly store the data of customers and clients, whether through transactions or regular recordkeeping practices. When businesses hold onto this data, they are obligated to protect it from falling into the hands of unauthorized parties. In the digital age, though, the menace of data breaches looms large, often leaving a trail of individuals grappling with the loss or compromise of their personal information.
Payment Savvy
DECEMBER 7, 2023
Whether you’re a new HSA cardholder or looking to get more from your existing account, knowing where and how to use your card is key to maximizing its benefits. In this guide, we’ll clarify as to where your HSA card will be accepted — both at brick-and-mortar establishments and during online shopping. We will also talk about which expenses cannot be covered by your HSA card and offer you some helpful tips to manage your transactions.
Credit Corp
DECEMBER 4, 2023
A penalty annual percentage rate (APR) is a heightened interest rate that can be issued if a person doesn’t use their credit card according to the card agreement. Card issuers explain the exact criteria that can lead to a penalty APR in multiple ways, like the terms and conditions section of a credit card application and in cardholder agreement documents.
Account Recovery
DECEMBER 7, 2023
A District Court judge in New Jersey has ruled that placing 16 calls during a 30-day period is not enough to rise to the level of abusive or harassing behavior under the Fair Debt Collection Practices Act and has granted the defendant’s motion to dismiss.
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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.
UK debt collections
DECEMBER 7, 2023
A dodgy lettings agent stole over £128,000 which should have gone to landlord clients – and with it she funded an affair with her personal trainer. Joanne Barker ran the Rochdale-based Barton Kendall agency with her husband Paul and other directors. The Daily Mail reports that from 2014 to 2018 Barker diverted money from the firm’s client account into her own personal bank account.
Payment Savvy
DECEMBER 7, 2023
Navigating the nuances of Health Savings Accounts (HSAs) can often feel daunting, especially when it comes to understanding what expenses are covered. One common query many HSA holders have is whether their account can be used for prescriptions — a vital component of healthcare for countless individuals. This article’s aim is to explain the use of HSA funds for prescription medications, offering clarity and guidance on how you can utilize this financial resource effectively.
Hudson Weir
DECEMBER 6, 2023
There are lots of reasons to change the company name but people often ask us if you can do it during administration. The purpose of administration is to try rescuing the company. It’s an insolvency procedure for securing control when creditors are set to take action against the company. With a total of 2,315 in October 2023, the number of insolvencies was 18% higher than for the same month in 2022, according to The Insolvency Service.
Account Recovery
DECEMBER 7, 2023
Getting to Know Syntheia Nagel of Cedar Financial Judge Grants Default Judgment for Plaintiff in FDCPA Case After Defendant Abandons Settlement Judge Grants MTD in FDCPA Case Over Phone Call Volume Collection Operation to Pay $10k Fine for Operating in CT Without Proper License Collections Industry Increasing Communications Channels, Diversifying Areas of Business WORTH NOTING: […]
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.
UK debt collections
DECEMBER 6, 2023
The number of overdue invoices being paid after their due date in Wales dropped 42% in October 2023 when compared to the same period in 2022. This statistic is according to new research from R3 , the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows that overdue invoice numbers in Wales have fallen from 245,759 in October 2022 to 142,266 in October of this year – a drop of 42.1%.
Troutman Sanders
DECEMBER 5, 2023
In a case of first impression, the U.S. Court of Appeals for the Ninth Circuit was tasked with determining whether the alleged extracting and retaining of consumer data and tracking of customers using an online payment platform exposes defendants to personal jurisdiction in the state where an online purchase was made. The court concluded it does not.
Jimerson Firm
DECEMBER 5, 2023
Getting Started with a Franchise There are many advantages to buying into an established franchise. Oftentimes, they are an established company with a well-known name and brand, and they have established best practices and a network of consistent business with a steady customer base. In other words, much of the legwork that starting a business from scratch entails has already been done, which can be very appealing for someone who wants more of a turnkey business to call their own.
Account Recovery
DECEMBER 7, 2023
The Missouri-based collection agency has chosen Conversational Voice AI to address account penetration amidst staffing challenges. NEW YORK, NY (December 7, 2023) – Skit.ai, the leading provider of conversational Voice AI solutions, announced today its partnership with MCA Collection Agency, a Missouri-based third-party collection agency primarily focused on healthcare collections.
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?
UK debt collections
DECEMBER 5, 2023
Local Scottish Councils are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December. The local government body said Local Scottish councils need nearly £14.4bn in the budget just to “stand still” The Scottish government said it had given councils a real-terms increase of £376m, or 3%, this year.
Troutman Sanders
DECEMBER 5, 2023
On November 20, a judge for the Southern District of New York granted a motion to dismiss a Fair Debt Collection Practices Act (FDCPA) class-action holding that a simple lack of a date on a model validation notice did not amount to a violation of the statute because it was not confusing to the least sophisticated consumer. In Loeffler v. Fleming , the model validation notice at issue included an itemization table, which informed the plaintiff that: “As of April 20, 2020, you owe $9,971.23… Total
FFGN COLLECT NY
DECEMBER 8, 2023
A general contractor on a construction project has direct contact with the project manager, owner, or developer running the project. The connection, “privity” of contract, results in smoother communication and a higher likelihood of payment to the general contractor. The general contractor is typically the first to know of missing or late payment. This can create challenges when it comes to subcontractor debt collection.
Account Recovery
DECEMBER 6, 2023
A bill has been introduced in the Senate to create a student loan borrower bill of rights, which would limit the circumstances in which late fees can be applied, prohibit the use of mandatory arbitration provisions, and force servicers to create units that are dedicated to keeping at-risk borrowers from defaulting, among other requirements.
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