American Profit Recovery

NOVEMBER 20, 2024

If you’re running any type of business, negative cash flow does not just happen. There are always red flags of negative cash flow that give you an indication of a problem within your organization. Negative cash flow can rapidly disrupt a small business’s operations. Many businesses struggle to keep a consistent client base and have slim margins, which means it’s important to keep a close eye on cash flow.

Collection Agencies 147

Collection Agencies Collections Agency Debt collector Collections 147

Account Recovery

NOVEMBER 18, 2024

Granted, this appears to be available in England only for now, and it’s intended to fight fraud and scams, but it’s likely only a matter of time before it makes its way westward to the United States and could possibly be deployed against collection calls. England’s largest cellphone carrier has unveiled a new technology that could pose a new challenge for debt collectors.

Debt collector 162

Debt collector Collections 162

UK debt collections

NOVEMBER 20, 2024

Dudley Council is chasing an eye-watering £20m in unpaid debts owed for more than three months despite battling a financial black hole. The authority is currently working to balance the books ahead of next year’s budget with a gap of £35m between what it spends and its income. Despite the financial crisis there are millions of pounds in bills from the council that have been unpaid for more than 90 days.

Debt Recovery 77

Debt Recovery Collections 77

PDC Flow

NOVEMBER 20, 2024

According to Forbes , there were 2,365 cyberattacks in 2023, with 343,338,964 victims. These data security breaches are a big problem for companies and consumers alike. That’s why there are rules, regulations, and best practices centered around protecting customers through credit card tokenization and data encryption. Credit card tokenization and encryption shield essential customer payment information from being exposed.

Education 63

Education 63

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.

Prosperity Now

NOVEMBER 19, 2024

Entrepreneurship is never an easy path, but it can be a transformative one, especially for those in underserved communities who face unique challenges in accessing resources and opportunities. Arturo Noriega, Founder and CEO of Centro Community Partners, has dedicated his work to breaking down these barriers.

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UK debt collections

NOVEMBER 20, 2024

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. The business insolvencies figures consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100 administrations and 12 company voluntary arrangements (CVAs).

Retail 71

Retail Trade Construction Creditors 71

Consumer Finance

NOVEMBER 17, 2024

Director Chopra submitted this statement for the record in connection with a closed meeting of the FDIC Board of Directors held on November 12, 2024.

Banks 64

Banks 64

Prosperity Now

NOVEMBER 18, 2024

Starting a business is never easy, and for entrepreneurs of color, the journey is often filled with unique challenges. Bianca Jackson, founder of BrickRose Exchange, shares her journey, the hurdles she's faced, and her vision for a future where technology and innovation empower all entrepreneurs.

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Account Recovery

NOVEMBER 20, 2024

ACA International and Collection Bureau Services, Inc., the plaintiffs in a suit seeking to nullify an advisory opinion on medical debt collection issued by the Consumer Financial Protection Bureau, have filed an emergency motion for a preliminary injunction and temporary restraining order seeking to prevent the requirements from taking effect on December 3.

Debt collector 130

Debt collector Healthcare 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

UK debt collections

NOVEMBER 19, 2024

Research by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530 in 2023/24. Many logistics businesses were set up during the pandemic to meet the sudden rise in demand for home delivery. As this surge in demand reversed, some of these companies are struggling to survive. In May 2020, during the height of the pandemic, internet sales made up 34% of all retail sales.

Retail 71

Retail 71

Hudson Weir

NOVEMBER 18, 2024

Find out how a freezing order works in this guide and learn about the options for business recovery after a creditor has blocked access to the company’s cash or assets. What is a freezing order exactly? Courts may grant a freezing order after a successful application from a creditor to deny directors access to their company’s cash or assets of an equivalent value to the debt.

Creditors 52

Creditors Banks Government Trade 52

FFGN COLLECT NY

NOVEMBER 17, 2024

Strapped for cash, MyPillow CEO Mike Lindell took at least two merchant cash advances. Because Lindell’s companies defaulted on payments, suits were filed in New York alleging MyPillow-related entities and Mike Lindell as a personal guarantor defaulted on the loans. Sometimes businesses that do not qualify for traditional loans look for alternative forms of funding.

Loans 52

Loans Judgment Lender Debtor 52

Account Recovery

NOVEMBER 20, 2024

Plaintiffs in Suit Fighting CFPB’s Medical Debt Guidance Seek Injunction, Restraining Order Judge Vacates Default Judgment Against Defendant in FDCPA Case Collection Scam Ringleader Sentenced to Prison 27 Companies Seeking Collection Talent WORTH NOTING: Amazon’s Black Friday event starts tomorrow. Here is a look at some early deals … Do you know who has been nominated 32 times to be the CMA Musician of the Year but never won?

Judgment 130

Judgment Collections 130

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Collection Agencies

NCBA Law Practice Management Blog

NOVEMBER 17, 2024

If you’re a solo attorney – whether that’s a true solo (just you & no team) or a solo, with non-attorney staff help – it’s definitely a scary proposition to hire your first attorney. Some solo lawyer s , in fact, never do it. They just can’t get past the fear. But, if you can make that hire, and make it successfully, that’s like adding lighter fluid to the fire of law firm growth.

Law Firms 52

Law Firms Lawyers Creditors 52

Account Recovery

NOVEMBER 20, 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. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

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Accounts Receivables Management Collections 130

Account Recovery

NOVEMBER 20, 2024

Joseph Ciffa’s name first appeared on AccountsRecovery.net more than seven years ago when he was accused in a criminal complaint of running a debt collection scam that sought to collect phantom debts from individuals who had already been scammed. And even that wasn’t his first brush with the law related to issues attempting to collect on debts from consumers.

Collections 130

Collections Trade 130

Account Recovery

NOVEMBER 19, 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!

Judgment 130

Judgment Credit Card Debt Fair Debt Collection Collections 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.

Account Recovery

NOVEMBER 19, 2024

A District Court judge in California has granted a defendant’s motion to dismiss after it was accused of violating the Fair Debt Collection Practices Act and the Rosenthal Fair Debt Collection Practices Act by attempting to collect on a debt that had been discharged in bankruptcy. The background: The plaintiff filed this lawsuit accusing the defendant of improperly renewing a judgment that had been discharged during a prior Chapter 7 bankruptcy.

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Chapter 7 bankruptcy Fair Debt Collection Bankruptcy Collections 130

Account Recovery

NOVEMBER 19, 2024

A member of the House of Representatives has introduced a resolution calling on Congress to express its disapproval of the Consumer Financial Protection Bureau’s medical debt advisory opinion, which has become the subject of much debate since it was released last month. The resolution was introduced by Rep. Gary Palmer [R-Ala.], who isn’t a member of the House Financial Services Committee or any healthcare committees, has only sponsored four bills this year, but has introduced 37 res

Healthcare 130

Healthcare Financial services Collections 130

Account Recovery

NOVEMBER 19, 2024

The Consumer Financial Protection Bureau on Friday released its annual report on student loan servicing, revealing systemic failures and persistent errors by servicers that are continuing to impact millions of student borrowers. Driving the news: The CFPB report highlights a spike in consumer complaints against loan servicers, showing the highest volume since the bureau began collecting complaints in 2012.

Student Loans 130

Student Loans Student loans Loans Collections 130

Account Recovery

NOVEMBER 19, 2024

Collector Facing FDCPA Class Action For Not Adjusting Post-Judgment Interest Rate Judge Grants MTD in FDCPA Case Over Attempt To Collect on Discharged Debt Resolution Introduced in House Condemning CFPB Medical Debt Collection Guidance CFPB: Student Loan Servicing Failures Continue to Harm Borrowers WORTH NOTING: Medical debt is now the subject of a comedy special … If you are traveling next week for Thanksgiving, you aren’t going to be alone … Stay at the Air Force AcademyR

Judgment 130

Judgment Student loans Student Loans 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

Account Recovery

NOVEMBER 18, 2024

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

Fair Debt Collection 130

Fair Debt Collection Credit Card Debt Debt collector Collections 130

Account Recovery

NOVEMBER 18, 2024

In a development first announced by ACA International, the New York City Department of Consumer and Worker Protection (DCWP) has proposed an amendment to its new debt collection regulation. The amendment aims to clarify that the definition of a “debt collector” under the city’s Consumer Protection Law (CPL) explicitly includes creditors collecting their own debts.

Creditors 130

Creditors Collections Original Creditor Debt collector 130

Account Recovery

NOVEMBER 18, 2024

A District Court judge in Maryland has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act lawsuit after it was accused of not responding to a validation request from the consumer, pointing out that the defendant doesn’t necessarily have to respond, as long as it doesn’t attempt to collect on the debt. The background: The plaintiff received a notice regarding the debt from the defendant.

Debt collector 130

Debt collector Fair Debt Collection Collections 130

Account Recovery

NOVEMBER 18, 2024

Judge Dismisses FDCPA Suit After Defendant Doesn’t Respond to Validation Request NYC Amends Collection Regulation to Clarify Debt Collection Definition Includes Creditors U.K. Cellphone Provider Unveils AI ‘Granny’ To Talk to Scammers Compliance Digest – November 18 WORTH NOTING: A refresher on food safety tips, like the five-second rule, in advance of holiday dinners and leftovers … Nine countries offer ancestry-based citizenship to Americans, if you are looking for a new place to l

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Collections Creditors 130

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Collections