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) […]
Fear, Loathing, and Legal Marijuana in the Pacific Northwest
By: Victor J. Roehm III, Sussman Shank LLP With the passage of Washington Initiative 502 in 2012 and the subsequent passage of Measure 91 in Oregon in 2014, commercial production, processing, and the retail sale of cannabis have become a major industry in the Pacific Northwest. However, there is still a great deal of uncertainty for […]
Blockchain and Emerging Technologies Can Change the World
Social media, cell phones, and touch screen portable tablets were once a fantasy. They couldn’t have been imagined in anyone’s wildest dreams 100 years ago, yet here they are staring us in the face 24/7/365. Technology and innovation has caught up with the 21st century and not just in our daily, personal lives. Businesses and […]
Trade Finance Faces Challenges from Increased Regulation
New challenges for trade finance continue to spring up in our volatile world. Paperwork that used to be relatively easy has become even more complicated due to regulations in the trade finance industry. As regulators take a magnifying glass to how money flows to prevent money laundering and terrorist financing, credit professionals need to ensure […]
Taking the Right Steps in Collections
By: Michael Miller, editorial associate, NACM National A credit policy has four critical elements. They are: establishing the credit standard; determining credit availability; setting credit terms; and, defining a collection policy. “The best collection process is one which is proactive and consistent, and which reflects the mission and goals of the credit department,” according to […]
NACM Northwest – a Proud NACM Affiliate
NACM Northwest and many other associations across the country recently signed new affiliation agreements with the National Association of Credit Management. This action was a milestone in a concerted and collaborative effort which began five years ago with the purpose of strengthening and unifying NACM. In 2012, a focus group revealed that many NACM members […]
President’s Message – Past Chairs & Giving Back
It is a true pleasure to slow down once a year over a meal and honor NACM’s Past Chairman. It’s a nostalgic gathering of dedicated members and retirees who chose to lead the organization through a term of service on our Board of Directors. The service as Chairman dated back 45 years for some attendees […]