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Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% during the 12-month period ending September 30, 2024. This trend has been driven by a combination of factors, including rising interest rates, persistent inflation, higher labor costs, and shifts in consumer spending patterns following the pandemic.

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Carolina produce grower to pay out $132,000 to 600 workers

Due

A Carolina produce grower has been instructed to pay $132,000 to six hundred workers. Titan Fruit & Vegetable Co. Inc. has been found to have violated H-2A program regulations by illegally deducting money from its employees’ wages for political donations and cleaning fees. The company has also been given a further $2,850 in civil penalties.

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Here’s what you need to know about business loans with no credit checks (and if they’re possible)

Credibly

Table of Contents Can you get a business loan with no credit check? The pros and cons of a small business loan with no credit check Business loan options with low credit score requirements Borrowing with Credibly and our low credit score requirements Explore your flexible financing options Looking for business loans with no credit check? Most lenders will perform credit checks to assess creditworthiness, however, how your credit is weighted on the application will vary based on the type of le

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Founder of Wolf Capital Crypto pleads guilty to $9M fraud

Due

The founder of the cryptocurrency entity Wolf Capital Crypto Trading LLC (Wolf Capital) has pleaded guilty to actions that led to the loss of $9 million to investors. Travis Ford acted as the co-founder, CEO, and Head Trader of Wolf Capital and drove investments mainly in the period between January 2023 and August 2023. The U.S. Postal Inspection Service (USPIS) led the investigation into Wolf Capital and Ford.

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Liability Management Exercises: Looking Beyond the Headlines

Loomis Sayles Credit Research

Over the past year, headlines about creditor-on-creditor violencesituations where different creditor groups clash over restructuring termshave dominated the conversation in leveraged finance. While these high-profile disputes make for compelling stories, they represent just one component of a broader and more significant trend: the rise of liability management exercises (LMEs).

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What is accounts receivable factoring? Examples & benefits

Chaser

Accounts receivable factoring is a financial transaction where a business sells its outstanding accounts receivable to a third-party factoring company at a discount.

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5 Ways Traditional Billing and Invoicing is Holding Your Business Back

Bectran

Your business's reliance on paper-based billing and invoicing could be preventing you from achieving a faster order-to-cash cycle. Traditional paper-based, manual billing and 20 th -century invoicing methods are no longer fit to meet the standards of a modern, efficient AR process.

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High Yield Credit Outlook: Defaults in Check, Carry in Play

Loomis Sayles Credit Research

1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.

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What is an accounts receivable journal entry? Quick guide

Chaser

An accounts receivable journal entry is a critical component of the accounting process for businesses that extend credit to their customers. This journal entry records the sale of goods or services on account and the corresponding increase in accounts receivable.

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Lessons from the Bench Shutdown: How to Safeguard Your Business’s Financial Data

Accounting Department

When an accounting service provider unexpectedly closes, businesses may find themselves in a rush to retrieve their financial data and maintain operations. The recent closure of a major accounting platform highlights the essential need for businesses to protect their financial information proactively.

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Member Alert: RMAI SEEKS COMMENTS ON PROPOSED CHANGES TO CERTIFICATION PROGRAM

RMAi Blog

The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.

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Your January Financial Check-Up: 17 Key Questions for Your Advisor

Due

January isn’t just for making New Year’s resolutions; it’s also the perfect time to assess your financial situation and set a sound financial foundation. As such, contacting your financial advisor early in the year (now!) can ensure you stay on track. However, preparation is of the utmost importance to maximize the value of this crucial meeting.

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The role of core deposit intangibles in banking

Abrigo

This article covers these key topics: What is a core deposit intangible? Why are core deposit intangibles important? Using core deposit intangibles in mergers and acquisitions Using the core deposit intangible to assess value at banks & credit unio ns When evaluating a potential acquisition, banks must assess the core deposit intangible (CDI). Read on to learn about the importance of this metric, especially in today's dynamic environment.

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Bank Loans Outlook: Par for the Course

Loomis Sayles Credit Research

1. 2024 was a year of strong performance for the loan market. Are we in for more of the same this year? Yes, we think the loan market may see another year of strong performance. Macroeconomic conditions are supportive and corporate health looks solid. Though rates havent come down as quickly as many in the market expected, higher borrowing costs have been well absorbed due to operating strength and many companies ability to further improve margins through disciplined cost containment programs.

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The Key to SMB Success: Leveraging CFO Support Services

Accounting Department

In today's ever-changing business environment, having a solid financial strategy is crucial for achieving success. But what if your small or medium-sized business (SMB) can't afford to hire a full-time financial executive? That's where CFO support services come ina revolutionary solution for SMBs and startups. This blog explores what a CFO support service provider is, the significant value they offer, and why your business might benefit from their expertise.

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Maurice Wutscher LLP Ranked as a Top Litigation Firm in Chambers USA Spotlight Guide

RMAi Blog

Jan. 14, 2025 Maurice Wutscher LLP has been ranked in the Chambers USA Spotlight Guide: New York and recognized as a top firm handling high-quality litigation work, one of only 44 law firms to be recognized in its category. In its assessment, Chambers and Partners found that Maurice Wutscher evidenced significant expertise, caliber of talent and experience serving a range of clients in the market.

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Futures Trading in Retirement Accounts: What You Need to Know

Due

For retirees (or soon-to-be retirees), futures contracts can offer an additional avenue for diversification and hedging opportunities, helping to manage market volatility. However, there are a few specifics to master, such as the absence of traditional margins and specific tax rules. The pursuit is worthwhile, as mastering futures trading can help preserve wealth and generate new income, allowing for a more dynamic and resilient retirement investment strategy.

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How to Rent With Bad Credit

CreditStrong for Business

Why Does Credit Matter When Renting an Apartment? Landlords and property management companies, similar to lenders, often check an applicants credit as part of their background screening process for prospective tenants that are seeking to rent an apartment or other housing unit. Some property managers check credit. Others dont. The nicer the house or apartment is, the more likely a credit check will be required.

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Labour’s issues with Business

Cpcmcredit Blog

Emma Duncan is an excellent Times writer on political/economic issues. Yes she undoubtably leans towards the political right but she her views are more practical than idealogical Aside from one rather cheap comment directed at Rachel Reeves, todays piece in the Times is an excellent summary of Labours current problems As always, this piece is behind a paywall but here are some snippets Far from delivering the promised uptick in growth, the government looks like getting the country stuck in a deb

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Wie OEMs durch optimierte Zahlungsprozesse die Loyalität ihrer Flottenkunden stärken können

TreviPay

OEMs insbesondere in der Nutzfahrzeug- und Flottenbranche stehen vor der Herausforderung, komplexe Lieferantenbeziehungen mit ihrem Hndlernetzwerk zu pflegen, um die Loyalitt ihrer Flottenkunden zu sichern. Um Flotten treu zu halten, mssen Lieferanten greifbare, reproduzierbare und unvergessliche Serviceerlebnisse ber weit verzweigte Hndlernetzwerke hinweg bieten.

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Employee Spotlight: Advocacy and Community Engagement with Jay

RMAi Blog

In an effort to advance RMAIs advocacy efforts, Jay Singh was brought into the newly created position of Legislative & Public Relations Specialist. Jay Singh, Legislative & Public Relations Specialist. Jay works directly with David Reid, General Counsel & Senior Director of Government Affairs, on things like medical debt, monitoring legislations, and offering ideas on how to advocate to change legislators positions on bills on a widescale level in all 50 states.

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11 Ways to Stay Active and Engaged After Retirement

Due

In retirement , a new chapter begins. It is a time of exploration, relationships, and maintaining a healthy lifestyle for many. Transitions can also be challenging for many people, resulting in a lack of structure or purpose. Even so, staying active and engaged is essential to thriving during retirement. This blog post will share 11 practical strategies for making the most of this rewarding phase of life. 1.

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Everything You Need to Know About Vendor Credit

CreditStrong for Business

As a small business owner, obtaining capital for your business is one of your top priorities. One of the ways to do that, especially for new startups, is through vendor credit. Vendor credit can provide businesses with an opportunity to get the supplies, inventory, or services they need, along with extra time to pay for them. What’s more, some vendors can help your company establish and build its credit history, making it easier to get approved for other forms of financing when you need it

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From Nails to Noodles: Building a Family Legacy with SBA 504 Financing

TMC Financing

Luan Dao, owner and CEO of MJ Nails and Lashes, has transformed his passion for the beauty industry into a thriving enterprise, managing three locations across the Las Vegas Valley. The post From Nails to Noodles: Building a Family Legacy with SBA 504 Financing appeared first on TMC Financing.

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How verifying insurance eligibility can increase revenue + ease staff burden

Waystar

Note: This post was originally published in August 2022. It was updated in January 2025. Verifying insurance eligibility can feel like a tedious, endless task. Without the right processes in place, staff spend countless hours on manual eligibility checks that drain time and resources. On top of this inefficiency, delayed or incorrect insurance eligibility verification can lead to: Missed reimbursements More uncompensated care Lower revenue Why verifying insurance eligibility is pivotal when pati

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Wie OEMs durch optimierte Zahlungsprozesse die Loyalität ihrer Flottenkunden stärken können

TreviPay

OEMs insbesondere in der Nutzfahrzeug- und Flottenbranche stehen vor der Herausforderung, komplexe Lieferantenbeziehungen mit ihrem Hndlernetzwerk zu pflegen, um die Loyalitt ihrer Flottenkunden zu sichern. Um Flotten treu zu halten, mssen Lieferanten greifbare, reproduzierbare und unvergessliche Serviceerlebnisse ber weit verzweigte Hndlernetzwerke hinweg bieten.

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Toyota subsidiary pleads guilty to $1.6B emissions and import fraud

Due

A subsidiary of the global vehicle brand, Toyota has pleaded guilty to an emissions, sales and import fraud scheme allegedly in the $1.6 billion mark. Hino Motors, Ltd. (Hino Motors), Hino Motors Manufacturing U.S.A., Inc., and Hino Motors Sales U.S.A., Inc. (collectively, Hino) are under the spotlight of government regulators. This resulted in a collection of criminal and multiple civil resolutions according to a court action brought forward by the State of California, the U.S.

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Working at Onguard: Meet Natascha 

Onguard

When starting your career as a pedagogist and a dance teacher, you dont expect to end up excelling in B2B sales. But these two might not be so far apart. For Natascha, the link is clear: persuasion and instilling enthusiasm. This is her story. She has been working at Onguard for 24 years, she loves philosophy and art, and she is Onguards go-to person for sustainability, a former active member of the work council, the organisations Unicef project team member, and a gender diversity advocate.

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AI. The “heavy hand” of the EU?

Cpcmcredit Blog

Kier Starmer has signalled that the UK is going to invest with the intention of becoming a world leader in AI. This is of course welcome and arguably very necessary. We are also in a good place to take a lead with world class universities and a environment and culture which can attract the top talents from around the world. These factors are vital A key factor is the freedom to develop in the way this country sees fit.

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Coverage Detection 101: How RCM teams find missing or hidden insurance

Waystar

Note: This post was originally published in August 2022. It was updated in January 2025. When it comes to coverage detection, how much insurance is slipping through the cracks? As medical plans become increasingly complex and ambiguous , patients and providers face challenges. Many patients are confused by their coverage, or unaware they have it at all.

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B2B-Zahlungen revolutionieren: Wie Einzelhändler den wachsenden Markt erobern können 

TreviPay

Der B2B-E-Commerce-Markt steht vor einem explosiven Wachstum. Prognosen zufolge wird er bis 2028 mehr als dreimal so gro sein wie der B2C-Markt eine goldene Chance fr Einzelhndler, die bereit sind, ihre Strategie anzupassen. Doch wie knnen Unternehmen dieses enorme Potenzial fr sich nutzen? Die B2B-Herausforderung verstehen B2B-Kufer sind heute anspruchsvoller denn je.

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American Express given $108.7 million penalty for deceptively marketing products 

Due

The household credit card name American Express has been given a $108.7 million civil penalty for deceptively marketing specific products and for financial regulatory breaches. American Express allegedly breached the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). According to the Justice Department, the company did so through the marketing of credit cards , wire transfer products, and certain dummy information, such as Employer Identification Numbers (EINs).

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California Wildfire Recovery Resources for Businesses and Individuals

TMC Financing

The U.S. Small Business Administration (SBA) offers low-interest disaster loans to help California businesses, nonprofits, homeowners, and renters recover from the devastating effects of wildfires. These loans provide vital support to repair damages, replace assets, and stabilize operations.

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Campbells betting syndicate. Why it failed?

Cpcmcredit Blog

Firstly there is clearly going to be some element of gloating over the embarrassment for Alastair Campbell over the collapse of his son’s betting syndicate, not least because he was hardly detached from the goings on. I will confess that Alastair Campbell isn’t a figure I’ve warmed to. Not because of political differences (they are minor) but he comes across as somewhat arrogant condescending and humourless Now that that is out of the way, we can look at some details Firstly it

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Disadvantages of Paying Off a Car Loan Early

CreditStrong for Business

Auto debt is at record levels in the United States with Americans owing more than $1.5 trillion on their car loans. A car is a necessity for most people and few people can afford to make a lump sum payment to buy one, so it makes sense that most people turn to auto loans. If you have an auto loan and youre thinking about paying it off early, its important to know both the benefits and disadvantages of paying off a car loan early.

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Municipal Bond Outlook: Strong Demand Likely to Buoy the Market

Loomis Sayles Credit Research

1. Whats the current state of the municipal bond market, and whats your outlook for 2025? After years of very low interest rates and pandemic-related distortions, the municipal market finally started to normalize last year with a positively sloping yield curve, healthy issuance and very strong investor demand. As 2025 begins, investors appear to have reduced expectations for additional Federal Reserve monetary easing and longer-term rates continue to move higher and steeper.

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12 Money-Saving Travel Tips for Retirees

Due

Imagine exploring ancient ruins without summer crowds, lingering in charming cafes without rushing, and genuinely connecting with your surroundings. This is the promise of traveling in your retirement. The good news? Traveling doesn’t have to break the bank. Here are 12 tips to make the most of your well-earned time and travel smarter, not harder, around the world. 1.

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