Tue.Jan 28, 2025

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Member Alert: NEW YORK CITY LOOKING AT REPUBLISHING DEBT COLLECTION RULE

RMAi Blog

RMAI has learned that the New York City Department of Consumer & Worker Protection (DCWP) will publish later this week a revision to the Debt Collection Rule they adopted on August 12, 2024. The rule was originally scheduled to be effective December 1, 2024, but was later amended to be effective on April 1, 2025. DCWP will announce the effective date for the rule will be extended to October 1, 2025 so that they have an opportunity to consider revisions to the rule.

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Gain Leverage Over Slow Paying and Risky Customers by Holding Up Their Orders

Your Virtual Credit Manager

When a business reaches the point of multiple team members making new sales and taking orders from existing customers, the credit approval process gets more complicated. The owner or other executives no longer have visibility and control over every new order. Meanwhile, customers who previously were approved during your initial credit evaluation may become past due, max out their credit limit, or, worse yet, be in a deteriorating financial situation, all of which become even more likely when the

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InvestiNet names Amy Nodine Chief Compliance Officer

RMAi Blog

Nodine will oversee the companys complex compliance initiatives. Greenville, S.C. InvestiNet, a full-service collections network and innovation leader in the accounts receivable industry, has announced the promotion of Amy Nodine from executive vice president to chief compliance officer. As CCO, Nodine will continue to drive excellence by ensuring the organization adheres to the highest standards of compliance, meeting the evolving collection needs of the financial services industry and exceedi

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Tony Robbins warns Americans on Social Security

Due

Tony Robbins has some blunt advice for Americans regarding Social Security and retirement planning. He warns that relying solely on Social Security is a “recipe for disaster.” Social Security was never designed to replace income completely. This becomes even more relevant as life expectancy rises, leading to longer retirements. Robbins offers several strategies to help people manage the financial and emotional stresses of retirement planning.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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TreviPay Crossroads Day 2 Insights: The Future of B2B Buying and Payments

TreviPay

Day 2 of TreviPay Crossroads 2024 brought together industry experts to explore the evolving landscape of B2B commerce. Leaders from Mastercard, Bain & Company, Allianz Trade and more shared actionable strategies for enhancing buyer experiences, building customer loyalty and scaling businesses globally. From the role of experience design in B2B to the power of network models and embedded finance, these sessions provided valuable insights for businesses looking to stay ahead in an increasingly

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Get insights to improve cash flow and reduce late payments

Chaser

New and improved reports are now available in Chaser, designed to provide greater clarity over receivables performance. These updates empower you to more easily identify problems in your receivables process and make better-informed decisions to reduce late payments. See the key updates outlined below.

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How to Choose the Right Business Credit Card: 5 Types

Business Credit

How to Choose the Right Business Credit Card As a business owner, the financial choices you make can have a big impact on your company’s success. Whether you’re managing a startup or overseeing a well-established business, a business credit card can be an essential tool. It can help streamline expenses, build business credit, and even […] The post How to Choose the Right Business Credit Card: 5 Types appeared first on Business Credit.

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The Truth About Annuity Fees: What You Need to Know

Due

Annuities are often marketed as a secure way to earn a retirement income. But do they live up to their hype? One major concern for investors is the frequently hidden costs associated with these products. You need to know what annuity fees mean before deciding based on your retirement goals. In this blog post, we’ll cut through the jargon and explain what annuity fees mean, empowering you to make informed decisions about annuities.

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TMC Financing Named 2025 SBA 504 Lender of the Year and More by Coleman Report

TMC Financing

Honoring Excellence in Business Development and Marketing We are thrilled to announce that TMC Financing has been named the 2025 SBA 504 Lender of the Year by the Coleman Report, The post TMC Financing Named 2025 SBA 504 Lender of the Year and More by Coleman Report appeared first on TMC Financing.

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New Hampshire man sentenced for $14M tax avoidance

Due

A New Hampshire man has been sentenced for $14M tax avoidance as a result of an IRS Criminal Investigation. Andrew Park, 49, of Bedford, was given a two-and-a-half-year custodial sentence for knowingly avoiding payment of more than $14 million in payroll taxes and himself failing to file personal tax returns. The IRS Criminal Investigation provided the details for prosecuting Park, handled by Assistant Chief Eric Powers of the Tax Division and Assistant U.S.

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Building a Future-Proof Business with Smart Investments

Team Financial Group

You might feel plenty busy dealing with todays needs and challenges to place much thought into future planning. But investing time and resources into building a future-proof business strategy now can not only keep your organization sustainable but also reduce the number or severity of future issues. Nobody can fully predict the future, but that doesnt mean you cant take practical steps to keep your business more agile, adaptive, and ready to capitalize on opportunities.

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KBWB Operations LLC guilty of healthcare and tax fraud

Due

KBWB Operations LLC, known as Atrium Health and Senior Living (KBWB-Atrium), has become the focus of a healthcare fraud and tax conspiracy investigation for the Justice Department. Former Chief Executive Officer and Managing Member Kevin Breslin of KBWB-Atrium and the company itself pleaded guilty to one count of healthcare fraud and one count of tax conspiracy related to the operation of numerous skilled nursing facilities.

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How Will Trump Decrease Inflation?

Due

It’s not new news that Donald Trump won the most recent Presidential election, and that one of the waves he rod on was reducing inflation. Many Americans were concerned with high prices of gas and necessities to live, such as eggs, bread, and milk. Now that Trump has won the election and is in office, how will he actually decrease inflation? While we can’t say for sure, here’s what the experts predict.

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