article thumbnail

RMAI Update May 2025

RMAi Blog

Notably, the Bureau has signaled its intent to withdraw a final rule that would prohibit credit reporting agencies from including medical debts on consumer credit reports. New York SB 6300 This bill would expunge consumer credit debt after the 3-year statute of limitations expires. RMAI is in strong opposition.

article thumbnail

The Future of B2B Buying Is Seamless—Is Your O2C Process Keeping Up?

TreviPay

Sales teams manually entered orders, finance teams conducted credit checks over weeks, invoices were issued through fragmented systems and collections often required human intervention. AI-powered credit decisioning now enables near-instant credit approvals. Data Availability: Credit reporting standards vary widely.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Lending and credit risk resources: The top downloads of 2023

Abrigo

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

article thumbnail

How to use the requirements import function to upload external collected requirements

SAP Credit Management

I would like to show you, how external collected requirements can be uploaded into SAP Focused Build by using the requirements import function. So it can happen that the system set up and the collection of the requirements need to run in parallel. This function was designed to bring requirements from one system into another.

article thumbnail

FREE Credit Management Reporting

Credit Management Group UK

The third instalment of our FREE toolkits is the Credit Management reporting section. Credit management reports are useful to track the collection performance, by reporting key measurements every month, trends can be monitored. To download this for FREE today use FACT02 on checkout.

article thumbnail

Simple Steps to Writing Effective Collection Letters

Credit Management Group UK

What should be considered when writing effective collection emails ? If you accept credit/ debit card payments, inform them of this in the email with clear instruction on what to do in order to pay by this method. Download our Collection Strategy toolkit for your full guide to collecting payment effectively from your customers.

article thumbnail

Credit Management Tips for Navigating Rough Economic Waters

Your Virtual Credit Manager

In the face of an economy being buffeted by opposing trends, what should those with credit and collection responsibilities do to protect their organizations’ accounts receivable (AR)? For credit pros, that means first getting a better handle on the risks to your AR portfolio and then adopting strategies to mitigate those risks.