Congratulations New Designees – November 2024

Dec 10, 2024

Posted by & filed under Credit.

It is always exciting to announce the new round of designees. These members have worked diligently to earn their new certifications. Please give all of these hard-working credit professionals a round of applause! Leave them a comment below.

If you know them personally, send them an email congratulating them.

CCE –Karleigh Potter, CBF – Jonathan Chandler, CGCE, CICP; Araceli M. CBA – Lindsey Culligan, Paula Romero, Holly Krein

if you are interested in education, contact Shawna Axness – www.nacmcs.org.

… Read the rest

Fa La La Festivites – Spokane and Portland

Dec 10, 2024

Posted by & filed under Credit.

🎄 Thank You for Celebrating the Season with Us! 🎄

A huge thank-you to everyone who joined us in Spokane and Portland for our Fa La La Festivities! Your energy, camaraderie, and holiday spirit made these events so much fun.

Here’s to a wonderful holiday season and an even brighter new year ahead! ✨

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Member Spotlight – Elizabeth Winson

Dec 10, 2024

Posted by & filed under Member Spotlight.

NACM has allowed me to build many relationships and grow in my career. Credit has so many
ups and downs that you build a different type of bond with the people you work and collaborate with, starting with one of their very own, Clara Nemeth.

Thank you for always being a great resource on which I know I can depend.

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Economic Outlook 2025: Navigating Growth, Policy Shifts, and Global Risks

Dec 10, 2024

Posted by & filed under Credit, Economics.

Written By: Keith Prather, Managing Director, Armada Corporate Intelligence

As we look ahead to 2025, the global economy stands at a crossroads, with the United States playing a pivotal role in shaping the global economic landscape. The election of Donald Trump as the 47th President of the United States marks a significant potential shift in policy direction, bringing both opportunities and challenges for domestic and international markets.

The U.S. economy is expected to maintain a robust growth trajectory in 2025, with forecasts ranging from 2.0% to 2.7%. This growth rate, while slightly lower than the 2.7% forecast for 2024, still outpaces the long-term trend of 1.8% seen in the years following the 2008-2009 financial crisis. The global economy is anticipated to grow at around 3%, with China projected to expand by 4.5% (weaker than its average of 6.7% between 2010 and 2024).… Read the rest

New California Law Extends Consumer Debt Protections To Small Businesses

Dec 10, 2024

Posted by & filed under California, Collections.

Written By: Jamilex Gotay, NACM National

Senate Bill 1286 (SB 1286), signed into law by California Governor Gavin Newsom on Sept. 24, 2024, will extend existing consumer debt collection protections in the state to small businesses and to the collection activities of business debt.

Why it matters: B2B credit managers and third-party collectors in California or selling to customers in California must follow the same stringent rules for pursuing commercial debts as they do for consumer debts.

SB 1286, titled the Rosenthal Fair Debt Collection Practices Act: Covered Debt: Commercial Debts (RFDCPA), is designed to expand existing prohibitions against debt collectors. Unlike the federal Fair Debt Collection Practices Act (FDCPA), the RFDCPA applies to a creditor collecting its own debts in its own name, as well as to third-party collectors or attorneys collecting debts on behalf of another.… Read the rest

Shared Insights at Credit Groups Bring Stronger Defenses

Dec 10, 2024

Posted by & filed under Industry Groups, Security and Fraud.

Written By: Shannon Abnal, Group Services Director, NACM Commercial Services

Two faceless men holding money and at a computer screen wearing hoodies

NACM Commercial Services administers over 50 industry credit groups. [Visit our Industry Groups page for more information if you are not familiar with credit groups.] I have the privilege of hosting several of these groups myself and am always impressed with the bonds formed between members and the generous sharing of information. Group members genuinely care about helping each other succeed and are willing to share their experiences to help other members. In recent months, I have heard numerous members share stories with their credit groups of fraudsters posing as legitimate businesses in an effort to secure goods. These members are eager to warn others and hear how other members are coping with fraud.… Read the rest

4 Things I Hear From Millennials On Leadership

Sep 27, 2024

Posted by & filed under Leadership.

Written By: Dr. Jeremy Graves

Let’s get one thing out in the open. I am not a Millennial; I have never been a Millennial and I don’t claim to speak for them. I have, however, spent the last 10 years working with Millennials—as a professor, executive director, coach and mentor—specifically studying how multiple generations interact within the workplace.

Through my work, I have met some of the brightest and most engaging Millennial leaders on the planet. I have had the opportunity to coach several, while also taking a learning posture from many.
In my work with Millennials, there are four things I hear pretty consistently when it comes to their generation and leadership.

They Care About the “Why”

Millennials are a generation that has pushed the workplace to consider “why.”… Read the rest