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RMAI Update September 2024

RMAi Blog

Last month the Federal Communications Commission (FCC) voted to propose new rules that would set definitions for what constitutes an AI robocall or text. On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. The number one complaint type was “attempts to collect debt not owed.”

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Trade Credit Insurance for Businesses: Definition, Benefits & How It Works

TreviPay

Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. Trade credit insurance, also known as accounts receivable insurance, safeguards businesses from significant losses. This guide to trade credit insurance will help you navigate the complexities of it.

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RMAI Update October 2024

RMAi Blog

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).

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Customer Account Agent or Bill Collector

Eastern Credit Management Services

“You’re a Bill Collector, you collect overdue accounts; thus you must be one”, you would not believe how often we hear this day today. The truth is yes, we collect overdue accounts, but we are not Bill Collectors by definition; we are an extension of your business.

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The Scenario Of Malaysia’s Debt Collection

MNS Credit Management Group

In addition to giving solicitors instructions to start legal proceedings, we also offer credit management services including sending letters of demand prior to legal action, a service that looks into a company’s history, credit reports, and status reports. When a client owes a business money, consumer collections take place.

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Flat File Interfaces in Integration Analysis of SAP Readiness Check

SAP Credit Management

A flat file interface (FFI) is a definition (or mapping) of a file to be processed. The data for the flat file interface analysis is collected with the file interface discovery tool. Additionally, the data collector provides filter capabilities to exclude system files, such as SAP-transport-management-related file accesses.

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Delinquent Loans: What They Are, How They Differ From Default

Fundera

Delinquent Loan Definition. If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. Both delinquencies and defaults damage your credit. Your Credit Score Will Take a Hit.

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