Mon.Nov 04, 2024

article thumbnail

Member Alert: NEW YORK CITY CHANGES EFFECTIVE DATE FOR DEBT COLLECTION RULES

RMAi Blog

Earlier today, the New York City Department of Consumer and Worker Protection (DCWP) published a change to the effective date for the amended New York City Debt Collection Rules that were adopted on August 12, 2024. The new effective date will be April 1, 2025. Previously, the amendments were set to go into effect on December 1, 2024. This change is consistent with the industry’s request for additional time for implementation given the significant changes to the rule.

article thumbnail

Suspicious activity monitoring: Keys to strengthening your AML/CFT program

Abrigo

Ongoing monitoring is more than just a regulatory requirement Suspicious activity monitoring is a cornerstone of a robust AML/CFT program, as emphasized in the FFIEC BSA Examination Manual. This critical function helps protect the U.S. financial system from misuse for money laundering, terrorist financing, and other financial crimes. Both FinCEN and federal banking regulatory agencies mandate ongoing monitoring for suspicious activity as part of the overall AML/CFT program.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New tutorial: what is Credit Management?

Credit Tools

A discipline that remains little known to the general public, credit management is nevertheless at the intersection of a company's commercial and financial issues. So what is it?

article thumbnail

The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

article thumbnail

Do small businesses have enough data to make AI insights useful?

blue dot counseling

Can AI generate insights into your business that people can't? The post Do small businesses have enough data to make AI insights useful? appeared first on Blue Dot Consulting.

article thumbnail

Supermicro’s downfall: Impact on AI industry

Due

Companies’ fortunes can shift as rapidly as the technology they create. Just a few months ago, Supermicro Computer, a global leader in high-performance, high-efficiency server technology, was celebrated as a rising star in the AI industry. However, recent events have cast a pall over the company’s success, leading to a dramatic plunge in its stock value and raising questions about its relationship with Nvidia, a major player in the AI industry.

More Trending

article thumbnail

Unleash Financial Success with Multiple Bank Accounts

Due

Over time, numerous people have depended on a single bank account for all their monetary requirements, often without much thought. However, upon examining their financial health, some discover that having multiple bank accounts is a more effective method of managing their funds. Diversifying one’s finances across various bank accounts can provide several benefits, such as minimizing risks, setting clear saving goals, and maximizing interest earnings.

52
article thumbnail

New England doctor pleads guilty to peddling thousands of dollars in illegal prescriptions

Due

A New England doctor has pleaded guilty to peddling thousands of dollars in illegal prescriptions. The result came from a joint prosecution effort by the Justice Department’s New England Strike Force and the U.S. Attorney’s Office for the District of Vermont. The report from the Justice Department alleged that Adnan S. Khan, M.D., who resides in New Hampshire, conspired with others to illegally distribute controlled substances through his business, New England Medicine and Counseling Associates

52
article thumbnail

How to Shield Your Retirement from Market Meltdowns

Due

Based on a nationwide survey of Americans working age, 79% believe the country faces a retirement savings crisis , up from 67% in 2020. Additionally, it is estimated that more than half of Americans (55%) are worried that they will not be able to retire comfortably. Now, just Imagine retiring right before the market tanks. Suddenly, you’re not so comfortable with your nest egg.

52
article thumbnail

Politics and investment: an unpredictable intersection

Due

Investment outcomes can often be unpredictable, and nowhere is this more evident than in the intersection of politics and investment. Elections, in particular, have created surprising investment results that defy conventional wisdom and logic. This article will delve into the intriguing relationship between politics and investment, using recent examples from the presidencies of Joe Biden and Donald Trump.

52