CFPB Sues Vanderbilt for Setting Borrowers Up to Fail in Manufactured Home Loans
Consumer Finance
JANUARY 5, 2025
The CFPB sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home.
Manufacturing Related Topics 
CFPB Sues Mobile Home Lender for ‘Setting Families Up to Fail’
Account Recovery
JANUARY 7, 2025
The Consumer Financial Protection Bureau yesterday announced it has filed a lawsuit against Vanderbilt Mortgage & Finance, a subsidiary of Clayton Homes and part of Warren Buffetts Berkshire Hathaway, alleging systemic failures to ensure borrowers could repay loans on manufactured homes.
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CFPB Releases Guidance For Dealing with Former Employees
Account Recovery
NOVEMBER 22, 2021
One of the new shows I have watched and enjoyed recently is “Dopesick,” a limited series about the opioid crisis and how the drug was sold by its manufacturer.
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A True Appraisal of Manufactured Housing
Prosperity Now
JUNE 15, 2021
For the last three years, Prosperity Now has led the Manufactured Housing Anti-stigma Campaign to combat stigma and its negative
Iconic UK Bicycle manufacturer enters liquidation
UK debt collections
JUNE 5, 2024
An iconic bicycle manufacturer is to enter voluntary liquidation after almost 80 years crafting and designing bicycle frames. Mercian Cycles, based in Derby, launched in 1946 and has continued to create bespoke bikes by hand throughout its history.
Top B2B Debt Collections Blogs and What to Expect in 2021
Enterprise Recovery
JANUARY 8, 2021
It's important for us to help tech entrepreneurs, startup businesses, small businesses, freelancers, independent consultants, manufacturers and other business-to-business organizations build better relationships with their clients. The mission of this blog is to inform our readers, whether they're our clients or not.
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How Does Supply Chain Financing Help Business Relationships?
Enterprise Recovery
APRIL 1, 2022
If any payments are delayed along the way, it can cause tension within the relationships and challenges with the manufacturing process. Supply chains involve several businesses along a network to provide an end product to a customer. One way to mitigate these challenges is through supply chain financing.
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Governor Whitmer Signs Law Regulating Delta-8 THC Manufacturing and Sales Starting October 11, 2021
Fraser
JULY 26, 2021
House Bill 4517 is part of a package of legislation that will regulate the manufacturing, sale, and distribution of delta-8 THC products much like other legal marijuana products in Michigan. Governor Whitmer has signed a law allowing only regulated delta-8 THC products to be manufactured and sold in Michigan, effective October 11, 2021.
Self Employed Tradespeople owed £3.5Bn in Late Payments
UK debt collections
DECEMBER 17, 2024
The vehicle manufacturers research found delayed or missing payments to tradespeople was reported as the major issue facing sole traders heading into 2025. BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro. Tradespeople are owed as much as 3.5
Are Your Client Payments Still Affected by the COVID-19 Pandemic?
Enterprise Recovery
APRIL 9, 2021
Manufacturers were unable to move products due to global supply chain challenges and small-to-medium businesses faced delayed payments. For some, it was a matter of moving employees to remote work or pivoting to a new business strategy. For others, the effect of COVID-19 meant halting plans, shutting down, or laying off employees.
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Best Accounting Software for Small Manufacturing Businesses
Nerd Wallet
APRIL 22, 2021
Accounting for manufacturing businesses is a little different than accounting for other industries — and small manufacturers need to make sure that their accounting software can accommodate these differences. The article Best Accounting Software for Small Manufacturing Businesses originally appeared on NerdWallet.
Businesses suffering from significant Late Payment delays
UK debt collections
FEBRUARY 18, 2025
Businesses in the manufacturing industry are made to wait the longest to receive payments for goods and services. The research analysed data from the Department for Business and Trade to show how late payments affect UK businesses. Businesses in this sector receive payments after around 47 days.
Burr Represents Steel Pipe Manufacturer Expanding in Richland County
Burr Forman
DECEMBER 8, 2021
AMERICAN SpiralWeld Pipe Company manufactures steel pipe in diameters up to 144 inches. The company also manufactures ductile iron pipe, valves and hydrants for the waterworks industry and electric-resistance-welded steel pipe for the energy industry. “We The $40 million investment will create 100 new jobs.
How a B2B Collection Agency Can Work Harmoniously with Clients and Customers
American Profit Recovery
OCTOBER 18, 2023
Think about the business of manufacturing or other types of distribution businesses that are filling large orders for clients. However, the relationship between a collection agency, its clients, and their customers can be delicate. These relationships are delicate because in many cases, we are talking about large sums of money.
Getting to Know Charity Hop of Meduit
Account Recovery
FEBRUARY 27, 2025
Prior to taking the position, most of my work history was in fast food management and manufacturing. I began my career in collections with a small family-owned collection agency in the legal department. I quickly found that this industry was extremely intricate and dove into learning everything I could.
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E-Bike manufacturer goes into liquidation
UK debt collections
AUGUST 3, 2023
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation.
India Vincent and Robert Given Discuss Manufacturer Cybersecurity in Risk & Insurance Magazine
Burr Forman
AUGUST 3, 2021
India Vincent and Robert Given were quoted in the August 2021 issue of Risk & Insurance discussing cybersecurity protection for businesses in the manufacturing sector. We work with a lot of manufacturing clients and with their insurance brokers to assess their coverage, especially now that carriers are tightening their standards.
Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, and Barriers to Credit, New CFPB Report Finds
Consumer Finance
MAY 26, 2021
Today the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing, a vital source of lending for millions of manufactured housing homeowners.
10 Steps to a Successful Pivot of Business Strategy
Enterprise Recovery
SEPTEMBER 5, 2020
Retailers have found new ways to sell to consumers, such as The Gap's highly successful pivot to selling masks , and many manufacturers are turning to a DTC (direct to consumer) model. The pandemic has highlighted businesses that chose to switch up their business strategy in order to remain profitable.
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How to Find Products to Sell on Amazon
Nerd Wallet
MAY 20, 2021
Wholesale products and made-to-order manufactured goods are what most startups and small businesses think of at first. Finding products to sell on Amazon is easy once you understand your sourcing options as an ecommerce seller. However, these are just two of six very different methods when it comes to how to find products to sell on.
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6 in 10 Small Businesses restricted by late payments
UK debt collections
MARCH 11, 2025
A staggering 61% of small businesses say that late payments are preventing them from reaching their full potential, rising to 67% in the food and beverage industry and 64% in manufacturing. Nearly a third (32%) feel they have little to no control over managing late payments.
Exclusive Survey Insights on The Impact of High Days Sales Outstanding
The Kaplan Group
MARCH 18, 2025
The survey uncovered that industries such as healthcare, manufacturing, and professional services experience distinct issues in payment collection. Manufacturing firms, especially those engaged in international trade, face similar challenges. Industry-Specific Trends Not all industries are affected equally by high DSO challenges.
Collection Agency for Distribution Companies
Nexa Collect
JANUARY 6, 2022
Wholesale and distribution companies are the vital link between manufacturers and customers, and their role in US economy is undoubtedly very crucial. However, distribution companies regularly have accounts receivable that are generally B2B in nature. The probability of collecting money from unpaid invoices decreases as time passes by.
New U.S. Supreme Court Case Finds Local Personal Jurisdiction Over Auto Manufacturer in Ford Motor Co. v. Montana Eighth Jud. Dist. Ct.
Troutman Sanders
APRIL 7, 2021
Nonetheless, Ford contended that Montana and Minnesota lacked personal jurisdiction because the two vehicles at issue were not actually designed or manufactured in these states. The plaintiffs resided in these states, the accidents happened in these states, and the vehicles at issue were purchased in or relocated to these states.
PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer
Account Recovery
SEPTEMBER 10, 2024
Murphy holds bachelor’s and master’s degrees in manufacturing engineering from the University of Cambridge. Early in his career, he was also an engineer at Ford Motor Company.
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Product Liability Insurance: How It Works, Who Needs It
Nerd Wallet
AUGUST 10, 2021
Not exclusively for manufacturers, product liability insurance can help protect any business involved in the distribution and sale. Many small-business owners purchase it to shield their business, and in some cases their personal assets, from customers’ expensive personal injury claims. Lisa Anthony writes for NerdWallet.
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Insurance for Wineries: What You Need, How to Get It
Nerd Wallet
DECEMBER 1, 2021
A winery is often several businesses wrapped into one — a farm, a manufacturing facility, a retail store, a bar and even a restaurant.
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Sage 100 Software 2021 Review
Nerd Wallet
AUGUST 16, 2021
That’s a lot to pack into one service — and it’s more than many businesses will need — but midsize manufacturing and distribution companies. The enterprise resource planning software, or ERP, is built to handle financials, inventory management, distribution, order management, business processes and customer relations.
Jessica S. Mazariego Joins Jimerson Birr, Strengthening Firm’s Complex Commercial and Real Estate Litigation Practice
Jimerson Firm
FEBRUARY 5, 2025
Known for her strategic advocacy and collaborative client partnerships, Mazariego specializes in business and real estate disputes, including breach of contract, fraud, trade secrets, and manufacturing and distribution matters.
What to Do Before You Lease a Car
Credit Corp
OCTOBER 19, 2020
You get to drive a newer car, and many repair costs may be covered by the manufacturer’s warranty or the lease agreement. Leases, on the other hand, are largely controlled by the manufacturer. You may be able to get a better deal if you consider vehicles from different manufacturers instead of sticking to one make and model.
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Investing in Colombia: Nearshoring & Economic Incentives in Manufacturing, Technology, Infrastructure, and Energy Industries
Burr Forman
APRIL 8, 2021
The post Investing in Colombia: Nearshoring & Economic Incentives in Manufacturing, Technology, Infrastructure, and Energy Industries appeared first on Burr & Forman.
Best Lithium Stocks for July 2022
Nerd Wallet
JUNE 30, 2022
Lithium is a critical material for manufacturing batteries used in laptops, cell phones and electric vehicles, or EVs. Best lithium stocks The following stocks are involved in the mining, manufacturing or distribution of lithium. With demand for all of these products surging, so is the demand for lithium.
What Is a Market Adjustment on a Car?
Nerd Wallet
AUGUST 2, 2022
The dealership believes demand for the vehicle supports a price higher than the manufacturer-suggested retail price on the government-mandated Monroney window sticker. A market adjustment on a new car is simply added profit. The practice goes by several other names: Added dealer markup, or ADM. Added dealer profit, or ADP. You’ll find.
Industries with the Best and Worst Recovery Rates
Nexa Collect
OCTOBER 31, 2022
Manufacturing. Veterinarian. Advertising. Drug Store. Medical Supplies. Rentals, Equip, etc. Non Profit. Pharmaceutical. Wholesale, Durable. Social Services Misc. Real Estate Management.
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Equipment Breakdown Coverage: Which Businesses Need It, Top Picks
Nerd Wallet
AUGUST 24, 2021
For businesses that rely on machinery such as computers, manufacturing equipment or refrigerators to generate revenue, such a policy could save them from a major financial. Priyanka Prakash writes for NerdWallet. Email: wpguestuser+pprakash@nerdwallet.com.
EV Stocks for May 2022
Nerd Wallet
JUNE 1, 2022
Electric vehicle stocks, or EV stocks, include electric vehicle manufacturers, electric battery producers, and companies that make charging stations and electric motors. What are EV stocks? If you’re looking for electric vehicle stocks, there are several to choose from.
Questions to ask a commercial collection agency before hiring
American Profit Recovery
FEBRUARY 9, 2023
If, for example you are in manufacturing or distribution and you extend credit in the form of pallets of products, you’ll want to know how quickly you can get paid for those orders. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client.
New study confirms that few consumers complain to government agencies about consumer fraud
Public Citizen
JUNE 29, 2021
This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. Thirty percent of victims reported having complained either to a seller or to a manufacturer.
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QuickBooks Desktop Premier Review 2021
Nerd Wallet
JULY 1, 2021
In addition to standard accounting features, Desktop Premier allows users to generate industry-specific reports and fulfill needs specific to certain industries, e.g., nonprofits, general contractors, manufacturers and wholesalers, retailers and professional services businesses. Rosalie Murphy writes for NerdWallet.
Professional Plaintiff Who Manufactured Claims Can Sue But Can’t Represent Class
TCPA
DECEMBER 29, 2020
A recent denial of a professional plaintiff’s motion for class certification shows that, irrespective of whether such plaintiffs have standing to sue on their own behalf, courts are increasingly skeptical that contrived claims are amenable to class treatment. See Hirsch … Continue reading →
Alabama District Court Dismisses FCRA Claim Based on Alleged Failure to Remove Dispute Notation
Burr Forman
AUGUST 31, 2021
In reaching its conclusion, Middle District of Alabama recognized that the plaintiff “appear[ed] to be creating a cause of action by self-manufacturing inaccuracies in her credit report by disputing and then un-disputing certain tradelines.” Accordingly, the court dismissed the plaintiff’s FCRA claim. Griffin , 2021 WL 3782141, at *1 n.1.
New Data says outstanding invoices reach shocking levels
UK debt collections
SEPTEMBER 2, 2024
Sector 1-30 days late 31-60 days late 61-90 days late 90+ days late Office & Facilities Management 6% 3% 2% 66% Security, Compliance & Identity 9% 4% 0% 60% Finance, Insurance & Banking 16% 5% 4% 44% Back office, Operations & Productivity 16% 6% 4% 40% Cloud, Network & IT Infrastructure 16% 3% 4% 36% Human Resources 19% 6% 3% 33% (..)
Average Recovery Rate of a Collection Agency
Nexa Collect
FEBRUARY 3, 2022
Trucking, Veterinarian, Clothing, Manufacturing, Computer Services, Pharmaceutical, Medical supply, Drug Store, Newspaper, Rentals Equipment, Wholesale, Durable, Hotel, Non-Profit and Insurance. Telephone Communications, Elementary/ High School and Medical. These industries have an average recovery rate ( 15% -25%). Social Services Misc.,
Is a collection agency a great place to work?
American Profit Recovery
JULY 30, 2021
Restaurants and retail were shuttered and manufacturing in many regions came to a halt. Businesses in every industry had to navigate various challenges throughout COVID-19. Shutdowns were inevitable for many as you well know.
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