RMAi Blog

NOVEMBER 4, 2024

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.

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Debt Collections 130

Abrigo

NOVEMBER 4, 2024

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.

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Transactions 78

Lendio

NOVEMBER 4, 2024

November 4, 2024, Lehi, UT – Lendio’s Q3 2024 SMB Lending Index highlights a cautiously optimistic lending market, showing a modest rise in small business access to capital. Despite easing credit criteria, sentiment remains divided, with lenders expressing optimism about future growth, while small business owners report ongoing concerns about financing accessibility.

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Small Businesses 52

Gaviti

NOVEMBER 4, 2024

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.

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blue dot counseling

NOVEMBER 4, 2024

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.

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Small Businesses 52

Credit Tools

NOVEMBER 4, 2024

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?

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Credit Management 52

Due

NOVEMBER 4, 2024

A Virginia company has been charged for illegally exporting million-dollar technology to Russia and gaining from the proceeds. The company in the Eastern District Court of Virginia’s crosshairs is Eleview International Inc., which the regulatory agency is investigating for conspiracy to violate the Export Control Reform Act. Alongside the company, two executives, Oleg Nayandin, 54, of Fairfax, Virginia, and Vitaliy Borisenko, 39, of Vienna, Virginia, also appeared at the now unsealed compl

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NOVEMBER 4, 2024

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.

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NOVEMBER 4, 2024

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

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NOVEMBER 4, 2024

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.

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NOVEMBER 4, 2024

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.

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