U.S. Macro Outlook: Powering Forward Supercharging Consumer Spending During This Expansion has Been the Wealth Effect
By: Mark Zandi, Chief Economist, Moody’s Analytics Republished with permission from Credit Research Foundation Overview The pace of growth remains firmly above the economy’s potential. Consumers have been the strongest and most consistent source of growth in the current economic expansion. The increase in household wealth has been stunning as stock and house prices have surged. […]
President’s Message – Creating Positive Energy for Positive Change
Happy New Year from NACM Commercial Services! I trust you are beginning the new year with positive energy and a productive mind to bring the most value to your credit department and ultimately your whole company. Carve out time to focus on yourself, appreciate small good moments, and stop and be grateful for those around […]
New County Recorder Fees Underway in California
Beginning Jan. 1, several transactions at county recorders’ offices throughout California will require an extra $75 on every document, not to exceed $225 per transaction, that has to be recorded, including mechanics’ liens or releases. The new tax is required by California’s Senate Bill 2, entitled the Building Homes and Jobs Act, according to a […]
Will a Credit Freeze on my Personal Credit Report Affect my Small Business?
By: Experian Following some high-profile data breaches, consumers are being urged to monitor and lock or freeze their credit or place fraud alerts on their credit profile. For small business owners, there is currently no mechanism for freezing a business credit file, but there are options, like monitoring the business credit report or placing a […]
The U.S. Supreme Court is Set to Rule on Yet Another Credit Card Topic and What it Means to the Credit Team
By: Scott Blakeley In March of this year, the U.S. Supreme Court made a significant ruling finding that New York no-surcharge violated commercial free speech. The U.S. Supreme Court has on its docket the legal issue whether suppliers accepting multiple card brands may steer card paying customers to a cheaper card brand, thereby trying to […]
Pioneering OregonSaves
News for 2018: Pioneering OregonSaves retirement program opening for statewide enrollment, based on successful pilot phase From: OREGON STATE TREASURY – Tobias Read, State Treasurer Auto-IRA program meets a glaring need by providing a savings option for those who don’t have a qualified plan at work SALEM – OregonSaves, the nation’s first state-based retirement savings option for […]
D&B Credit: Maximize Insights from Credit Reports
From: Dun and Bradstreet You can have all the data in the world, but without analytics and insights, you won’t have much. As with data, the value of a credit report lies in the users’ ability to extract information from it, which can often be as difficult as reading a foreign language. Uncovering truth and […]
A “Good to Great” Credit Manager!
By: Patrick Spargur, ICCE Every year I worked as a credit and collections manager, my boss would send me a Goal Setting Form to complete. The form had two sections: one for me to list five personal goals for the new year, the other to list five departmental goals. My personal goals usually went something like this: Education: Take an NACM course(s) […]