Sat.May 21, 2022 - Fri.May 27, 2022

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Our debt collection team feels a purpose

American Profit Recovery

There are so many important aspects when it comes to building a thriving organization. There are the obvious parts of a business such as creating a great product or service, pricing and marketing those appropriately, finding your target market and so much more. But building a sustainable company also involves having the right team that can move things forward on a consistent basis.

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How Much Does Debt Collection Actually Cost?

JMA

If you find yourself reading this, chances are that you’re after some help to collect outstanding debts that your business is owed. Whether these unpaid debts are from delinquent individuals or other businesses, finding the time to effectively recover this money is exactly what you do not need right now. The best way to easily. Read more » The post How Much Does Debt Collection Actually Cost?

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Technology in Collection: 21 Must-Know Buzzwords

True Accord

Your Guide to Key Terms for Today’s Debt Recovery Strategy. Reaching consumers today requires a more sophisticated process than simply dialing the phone or sending a generic email, especially when it comes to debt recovery and collection. But reviewing potential strategies can often leave you lost in a sea full of acronyms and buzzwords. Between terms like AI, machine learning, and data science, it can be difficult to keep up with the different definitions—and understand how they impact your bus

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Getting to Know Kyle Nelson of InterProse

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Kyle Nelson of I

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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How Your Business Can Support Gun Violence Victims

Enterprise Recovery

When tragedy happens in America, regular life grinds to a halt. For business marketers and executives, their daily tasks come with heavy consequences. Both internal employees and the public often jump to conclusions based on your business' reaction or lack of reaction. With the recent gun violence in recent weeks, many organizations are left wondering what to say or do.

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The Monetization Of Intellectual Property In Bankruptcy And Restructuring

In the Red

ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring. I was joined by four distinguished panelists, Leslie Zmugg, General Counsel of Gordon Brothers (who was our moderator); Arthur Daemmrich, the Jerome and Dorothy Lemelson Director at the Lemelson Center for the Study of Invention and Innovation a

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Daily Digest – May 25. Appeals Court Overturns Ruling Over ‘This is An Attempt to Collect’ Disclosure; Suit Filed Claiming Debts Were Covered by Worker’s Compensation

Account Recovery

APPEALS COURT OVERTURNS RULING OVER ‘THIS IS AN ATTEMPT TO COLLECT’ DISCLOSURE IN STATEMENT This is one of those cases where I am going to remind everyone that I am not a lawyer and I could be completely off-base, but as I read this ruling, I thought it offered an interesting lesson that putting the … The post Daily Digest – May 25.

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Pay in Installments or Full: Which is Better?

Nexa Collect

A debt collection agency will almost always allow you to make payments in installments. Should a borrower/debtor go for it or not? Benefits of Paying in Full (in one lump sum payment). You will likely strike a deal to settle the debt for a lower amount (keep insisting). Installments result in more work for collection agencies. They would rather accept a lower amount ( like a 10% or a 20% lower settlement) than linger a debt for months.

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CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on credit models using complex algorithms.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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The Monetization Of Intellectual Property In Bankruptcy And Restructuring

In the Red

ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring. I was joined by four distinguished panelists, Leslie Zmugg, General Counsel of Gordon Brothers (who was our moderator); Arthur Daemmrich, the Jerome and Dorothy Lemelson Director at the Lemelson Center for the Study of Invention and Innovation a

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Complaint Accuses Creditors, Agency of Attempting to Collect Debts Covered by Worker’s Compensation

Account Recovery

A complaint has been filed in federal court in California accusing a number of healthcare providers and a collection agency of violating state law as well as the Fair Debt Collection Practices Act by attempting to collect on a debt that was incurred as a result of injuries suffered while the plaintiff was working and … The post Complaint Accuses Creditors, Agency of Attempting to Collect Debts Covered by Worker’s Compensation appeared first on AccountsRecovery.net.

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What Are Typical Small-Business Loan Terms?

Nerd Wallet

Small-business loan terms determine how long a small-business owner has to pay back their borrowed money, plus interest. Typical loan terms, also referred to as repayment terms, can vary from a few months to 25 years — it depends on your lender and the type of business loan. You and your lender will establish a. Hillary Crawford writes for NerdWallet.

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Crypto Exchange Platforms Grapple with Consequence of Filing Bankruptcy

PBWT

In the world of cryptocurrency, exchange platforms act as intermediaries allowing investors to buy and sell assets while making money through commissions and transaction fees. Any assets purchased may be held in either non-custodial or custodial wallets. If a customer chooses a custodial wallet, the platform holds and manages the assets through a private key, which is a string of characters that serves as a password.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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The Monetization Of Intellectual Property In Bankruptcy And Restructuring

In the Red

ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring. I was joined by four distinguished panelists, Leslie Zmugg, General Counsel of Gordon Brothers (who was our moderator); Arthur Daemmrich, the Jerome and Dorothy Lemelson Director at the Lemelson Center for the Study of Invention and Innovation at the

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PRA Group President and CEO Honored with Community Builders Award

Account Recovery

NORFOLK, Va., May 20, 2022 /PRNewswire/ — Kevin Stevenson, president and CEO of PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, was recognized for his proven track record of outstanding leadership, exemplary service and advocacy for positive change during the Community Builders Award ceremony yesterday evening.

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7 Ways Your Small Business Can Spend Smarter

Nerd Wallet

When you’re running a small business with tight margins, every transaction counts. Inflation and labor shortages have made it an especially difficult year for businesses already struggling due to the aftermath of the pandemic. According to a 2022 Guidant Financial survey, 35% of small businesses reported not being profitable. Hindsight is 20/20, and small-business owners.

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CFPB Launches New Effort to Promote Competition and Innovation in Consumer Finance

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants. The office will replace the Office of Innovation that focused on an application-based process to confer special regulatory treatment on individual companies.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Council hit with huge writ for Unpaid Care home fees

UK debt collections

A Council in Wales has been hit with a high court writ to recover unpaid care home fees it owes. Gwynedd Council is reported to owe a large sum to a private care home service provider. Meddyg Care Dementia Homes is taking Debt Collection action against the council after it ignored a judgement made by Northampton Small Claims Court. The council failed to act on a County County Court Judgment issued in April ordering it to repay £44,529.46.

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Appeals Court Overturns Dismissal of FDCPA Suit Based on Description of Debt in Letter

Account Recovery

The Court of Appeals for the Seventh Circuit has overturned a lower court’s dismissal of a Fair Debt Collection Practices Act case for lack of standing, ruling that the plaintiff had standing because he alleged a concrete injury — that interest was continuing to accrue on an unpaid judgment — by not acting on a … The post Appeals Court Overturns Dismissal of FDCPA Suit Based on Description of Debt in Letter appeared first on AccountsRecovery.net.

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Kids’ Banking App Greenlight to Launch Family Cash Card for Parents

Nerd Wallet

Greenlight, a financial technology company offering a banking app and debit card for kids and teens to use with a parent’s oversight, is creating a credit card for parents who want to use earned rewards to invest for the future. Greenlight’s Family Cash Card — issued by First National Bank of Omaha — won’t be. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Supporting Entrepreneurship in 2022 and Beyond

Prosperity Now

The first week of May marked National Small Business Week , a time to recognize the importance of entrepreneurship to

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Five Stories that Matter in Michigan This Week – May 27, 2022

Fraser

Five Stories that Matter in Michigan This Week – May 27, 2022; Legal, Legislative, and Regulatory Insights. The Republican-led Michigan Senate and House recently passed $2.5 billion in tax cuts, with a party-line vote in the Senate and a more bipartisan vote in the House. The legislation was passed shortly after Governor Whitmer suggested sending $500 rebates to “working families” in Michigan.

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Appeals Court Overturns Ruling Over ‘This is an Attempt to Collect’ Disclosure in Statement

Account Recovery

This is one of those cases where I am going to remind everyone that I am not a lawyer and I could be completely off-base, but as I read this ruling, I thought it offered an interesting lesson that putting the mini-Miranda on every communication might not be the best idea. The Court of Appeals … The post Appeals Court Overturns Ruling Over ‘This is an Attempt to Collect’ Disclosure in Statement appeared first on AccountsRecovery.net.

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Commercial Construction Loans: What They Are and Where to Get One

Nerd Wallet

A commercial construction loan is a kind of business loan that helps your company cover the costs associated with building or renovating structures. You can use these construction business loans to purchase land, buy materials and pay workers. A commercial construction loan can help you keep your balance sheet manageable during a build, since lenders.

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Council forced to sell buildings to pay debts

UK debt collections

A council is being forced to sell buildings to pay debts it has emerged. Slough Borough Council faces having to sell off most of its assets to pay off debts , government commissioners have warned. Following continual non payment, Slough Borough Council was forced to declare bankruptcy last year, having accrued £760m in unpaid debt. A report by the commissioners said it would have to sell most of its assets “without exception” Council leader James Swindlehurst said he was “dete

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The New Way Remote Finance Teams Are Protecting Accuracy And Building Resilience In A Cyber-Threatened World

Speaker: Cheryl J. Muldrew-McMurtry

Remote finance teams are rewriting how the back-office runs—and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats have become more than just “growing pains”. They’re now liabilities. The challenge isn’t just team distribution, but building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.