RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. The video of the White House event can be found here. Director Chopra’s prepared remarks can be found here. Prior to the event, the CFPB issued guidance to remind debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Regulat

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Enterprise Recovery

OCTOBER 4, 2024

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

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Debt Collections 88

Know-It Global

OCTOBER 4, 2024

When dealing with unpaid invoices, it’s natural to consider legal action as a way to enforce payment, but this isn’t the only option! Legal Action to recover unpaid invoices Court Action Small Claims Court : For debts up to £10,000, you can use the Small Claims Court. It is a relatively low-cost option with a straightforward process. Upfront fees can range between £35 and £455.

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TMC Financing

OCTOBER 4, 2024

The Small Business Administration (SBA) recently released a new SOP (Standard Operating Procedure 50 10 7.1), which includes changes that make the SBA 504 Refinance Program even more obtainable. The. The post Regulation Updates: SBA 504 Refinance Program appeared first on TMC Financing.

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CreditStrong for Business

OCTOBER 4, 2024

Revenue-based financing is an alternative to the conventional debt- and equity-based financing models. If your business has recurring revenues, you can use it to generate capital without taking on fixed debt payments or giving up shares of your company. Here’s what you should know about revenue-based financing to determine whether it makes sense for your business, including how it works, how much it costs, and how well it stacks up to the more traditional options.

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Due

OCTOBER 4, 2024

Over the past three decades, farmland has emerged as a surprisingly robust and consistent investment vehicle, outperforming traditional investment options such as the S&P 500, real estate, gold, and bonds. This article delves into the reasons behind this trend, the dynamics of supply and demand that have fueled it, and why farmland investments remain relatively unknown in the mainstream financial advisory sector.

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Reorg Blog

OCTOBER 4, 2024

The post FTX Group Plan Proponents Support Confirmation of ‘Remarkable’ Plan With Recoveries in ‘Excess of Par’ appeared first on Reorg.

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CreditStrong for Business

OCTOBER 4, 2024

In the hustle and bustle of running a business, it’s easy to lose important information like your Employer Identification Number (EIN). Of course, you can find it any other time except for when you need it. Fortunately, if you’ve lost your EIN, there are a few other places you’ll be able to find it. We’ll go over each one in this article. What Is An EIN & When Does Your Business Need One?

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Reorg Blog

OCTOBER 4, 2024

Judge Jesse Furman of the U.S. District Court for the Southern District of New York granted Bristol-Myers Squibb’s motion to dismiss UMB Bank’s $6.4B breach of contract suit.

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CreditStrong for Business

OCTOBER 4, 2024

Building your business requires capital, and, fortunately, there are plenty of funding options for small businesses from which to choose. But depending on how long you’ve been in business, your annual revenue, business credit history, and other factors, some options may be a better fit than others. Here are 11 of the top funding options for small businesses, how they work, and how you can obtain them.

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Due

OCTOBER 4, 2024

A career change in your 50s can be both exciting and daunting. While many individuals seek new challenges or personal fulfillment at this time, it’s also critical to consider the financial impacts of such a move. Financial stability is often at the forefront of concerns, as making a career shift during this life stage could potentially affect retirement plans, healthcare costs , and lifestyle.

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Small Businesses 52

CreditStrong for Business

OCTOBER 4, 2024

Purchasing a vehicle for your business can be expensive. But if you’re a small business owner who needs financing to buy a commercial vehicle, it may be wise to take out a loan in your company’s name rather than a personal loan tied to your consumer credit reports. How to Get a Business Auto Loan The five steps below can show you how to get a commercial vehicle loan for your business.

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Due

OCTOBER 4, 2024

Retirement is a huge transition, and it often brings questions about meaning and purpose for those going through it. The structured routine of life at least partly disappears, leaving many retirees grasping for more fulfilling ways to spend their time. Volunteering in retirement has emerged as a powerful option, offering you a chance to make a difference while enriching your lives.

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Emagia

OCTOBER 4, 2024

With the advent of ChatGPT and other AI technologies in 2023, businesses began to reimagine processes that were traditionally human-driven. Studies in the shared services space reveal a massive shift in the mindset of CFOs and shared services leaders—digitization is widely regarded as the path forward, according to Mark Harrison, founder and CEO of consulting firm Callisto Grand.

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TreviPay

OCTOBER 4, 2024

Day two of the TreviPay Crossroads Conference built on the momentum of day one, diving deeper into the evolving demands of B2B buyers, the pivotal role of experience design in fostering loyalty and the importance of networks in driving innovation. The sessions offered rich insights for attendees, focusing on how to align business strategies with the shifting landscape of B2B payments and buyer expectations.

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Emagia

OCTOBER 4, 2024

The use of automation and AI in business and finance has gone from a taboo topic in B2B credit years ago to the trend everyone wants to know more about, according to Jennifer Walsh, CEO of the National Association of Credit Management (NACM) Commercial Services affiliate.

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