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Join us in welcoming:
State banking regulators have temporarily suspended the license of a Waterbury collection agency, alleging that the agency misused funds collected for creditors.
Accelerated Collection Systems Inc. was issued a temporary cease-and-desist order by the state Department of Banking after the company refused to grant regulators access to its records, a violation of state law.
According to the order, regulators allege that in October Accelerated "commingled money collected for creditors with its own funds and used creditors' money for the conduct of [its] business." The money collected for creditors is supposed to placed in a separate trust account.
The banking department declined to elaborate on the circumstances surrounding the misuse of the funds. Accelerated couldn't be reached for comment Wednesday.
Howard F. Pitkin, the state banking commissioner, said he wants the order to become permanent, which would shut the agency down for good. The agency, however, is entitled to a hearing on the order. No hearing date has been scheduled.
In addition to the order, regulators are seeking civil fines up to $300,000.
Source: Courant.com
From CMA - It is important to make sure your Collection Agency holds any collected money in trust accounts and NEVER mingles it with operating accounts. Agencies that are a member of the Commercial Law League of America must comply by strict trust account standards.
CMA Collection Division is one of those agencies, for more information on how we work click here.
The NACM Scholarship Foundation welcomes applications for partial financial scholarships toward designated educational programs.
The Foundation is pleased to introduce two categories of scholarships acknowledging two esteemed facets of the credit community. They are:
To review the eligibility criteria for each and to access the application form, please visit here. Applications for the CMSS and the ESS are due by January 11, 2008.
Join us in welcoming two new members:
Thanks for joining CMA!
From their website: Maggiora Baking Company is hardly a newcomer to the art of bread making.
As one of the original owners of Toscana, Colombo, the Maggioras have been in the bread business for over eighty years. Mario and Dennis Maggiora, father and son, started in 1985, making 6 products for 3 customers and delivering out of their station wagon. Maggiora Bakery now delivers to its customers via a fleet of trucks and logistics network.
Denis currently facilitates the bakery, along with a team of professionals whose experiences range from the American Institute of Baking to bread making in Europe. Today Maggiora Baking Company has grown from a father and son business to one that can offer its employees family health benefits and a bonus/profit sharing program.
From their website: Excellent service and
installation, quality products and highly trained technicians are what
have made our company a leader among Air Conditioning & Heating
Professionals. We service all brands of heating and cooling equipment
for residential and light commercial systems.
Whether you are in need of service, repairs or a new Heating & Air Conditioning System, we have highly trained technicians ready to satisfy your needs. Our technicians take pride in their skills and ability to provide all our customers with the best possible products and services. We are also bonded, licensed and insured.
Located on 6 acres in the High Desert of Southern California, American Integrity is committed to and centered on its people. Yes, we utilize state of the art equipment and continually upgrade our facility, however it is our people that set us apart. Our focus on innovation and quality requires a team approach as we manufacture our window and door products. All our products are custom built to order.
Our designs incorporate the latest changes in the building industry. We have introduced many innovative features never seen before.
Because our products are designed to last a lifetime, we must take a collaborative approach to solving problems and maintaining a high level of customer service. The focus on continuous improvements and development of new products makes American Integrity a dynamic place to work. We are excited about the window and door business...we want our customers to experience this excitement too.
From the early days of the company, American Integrity has relied on customer referrals to help promote the business. Customer Satisfaction is the key to referrals. Over 60% of our business comes from repeat customers and referrals.
American Check Management (ACM) is offering FREE Webinars on Managing the Costs of Credit Card Acceptance.
The webinars will focus on:
· Interchange - What is it and how can you manage the expense?
· Understanding recent rate changes from MasterCard that may increase your costs by over 27 basis points in October!
· The benefits of processing Level III transaction data - increased savings to your bottom line!
Click here to sign up for one of the four upcoming webinar dates.
Delighting audiences since 1989, THE VOICES OF CHRISTMAS is a wonderful group of highly talented, professional singers, each of whom is a solo performer in his or her own right. Our Christmas Carolers come dressed in Dickens-style costumes with a repertoire of almost 80 songs, THE VOICES OF CHRISTMAS perform both traditional and contemporary carols a cappella. Our Christmas Carolers are the finest in the Los Angeles area.
Celebrate the Holiday with CMA Members and Staff at our Annual Holiday Member Luncheon. Bring your staff, invite your boss, and have a fantastic afternoon of networking, great food, raffle prizes and for entertainment we will have The Voices of Christmas.
Download burbank_xmas_party07.pdf
Friday, December 7, 2007 Quiet Cannon Restaurant
The video is from last years CMA Member Holiday Luncheon. The Voices of Christmas singing Santa Baby. My video skills were pretty weak back then.
98th Edition of the Manual of Credit and Commercial Laws
Year End Special - $50.00
Written by experts in the field and published by the most reliable source — it's the one tool you can't do without.
As important as ever before, this exclusive resource will help you meet the challenges of credit granting in today's tumultuous business environment. Find what you need with the latest information regarding credit and commercial statutes and regulations - an indispensable desk reference.
Click here to order or call 410.740.5560.
From their website:
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