FICO Blog

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

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Professional Credit

MAY 23, 2022

Professional is proud and honored to recognize Justin Murphy as he finalizes his year serving as the Washington Collectors Association (WCA) president. Justin, and the WCA, have positively influenced consumer collection laws to protect our clients and ensure they get the greatest recovery. Congratulations, Justin! .

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Waystar

MARCH 15, 2023

Rebrand collections To create a successful pre-visit financial clearance process, savvy healthcare organizations are restructuring collections. While these teams may require the same amount of staff resources as the business office, they exact a much higher amount of collections. PAtient financial experience TIP: 2.

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Credit and Collections Collector Bad Debt Deductions 98

The Esker Blog

JANUARY 10, 2023

In the wake of the pandemic, CFOs found themselves with a new batch of supply chain and finance challenges — ones that have made it increasingly difficult to manage processes, collect cash and reach your accounts receivable goals. Historically, the processes within collections, cash application and credit management are highly manual.

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Waystar

MARCH 15, 2023

Rebrand collections To create a successful pre-visit financial clearance process, savvy healthcare organizations are restructuring collections. While these teams may require the same amount of staff resources as the business office, they exact a much higher amount of collections. PAtient financial experience TIP: 2.

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Credit and Collections Collector Bad Debt Deductions 52

billtrust

DECEMBER 20, 2022

She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments. Customers pay with paper checks or through electronic payment sources such as ACH, (virtual) credit cards, SEPA, accounts payables portals, etc. This can slow down business.

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Abrigo

NOVEMBER 22, 2021

You might also like this webinar, "Consumer Lending 101.". Takeaway 3 Consumer compliance laws related to debt collection and preventing money laundering are also important for lenders. Regulation B, implementing the Equal Credit Opportunity Act (ECOA) for fair lending. Pandemic Issues. Consumer lending compliance spotlight.

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Abrigo

DECEMBER 1, 2022

Another aspect of the art and antiquities trade making it prone to money laundering is that it is difficult to place a value on these high-end items as the worth is based on the eye of the collector – the purchaser. Join this webinar to learn more: AML/CFT hot topics for 2023: Are you prepared? . FinCEN works on rules. Learn More.

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Collector Credit and Collections Transactions Credit Unions 78

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

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RMAi Blog

APRIL 12, 2023

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation.

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RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. Prof’l Bureau of Collections of Md., 4th 823 (10th Cir. 4th 1236, 1240 (11th Cir.

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