Congratulations to these members on their new CBA & CBF designations. Are you interested in education and getting a
designation? Check out this guide on the certification program. If you have any questions contact Shawna Kelly.

CBA
Melisa Diep, CBA – Adobe Systems Incorporated
Dusty Lomeland, CBA – Consolidated Supply Co
Rebecca Dyess, CBA – Office of Natural Resources Revenue
Tami Longmeyer, CBA – Office of Natural Resources Revenue
Carmen LaBorde, CBA – RCP Block & Brick Inc
JoLynn Palinkas, CBA – EPIC Aviation LLC
Aylissa Ramirez, CBA – Ferguson Enterprises LLC

CBF
Dan Clarke, CBF – Pure Storage Inc

Written By: Kendall Houghton and Josh Labat from Alston & Bird LLP, © 2023

For NACM members, unclaimed property (“UP”) and UP compliance may be a foreign concept. Afterall, UP does not fit neatly within members’ accounting, finance, and legal departments, and adding a UP compliance program may appear like an unnecessary use of resources. However, if members take the time to implement a UP compliance program, its benefits will greatly outweigh the costs of not having such a program given states’ aggressive enforcement of their UP laws through audits.

Overview of UP Law
What is UP?

UP is property held by a business, known as a “holder,” which has not been claimed and belongs to a third-party, known as an “owner.”… Read the rest

• An extremely strong job market is a positive sign for the economy:
• The unemployment rate dropped to 3.4%, the lowest since 1969!
• 517K new jobs were created in January
• The Federal Reserve increased rates by ¼ of a point on February 1st, the smallest increase by the Fed in the past year indicating inflation may be easing but there is still work to do.
• The Paycheck Protection Program was set up quickly in 2020 in response to pandemic lockdowns. Almost three years later, we look at some of the pros and cons of the program.

Download the latest Report

Did you know Experian produces a new Commercial Pulse Report every two weeks?
Click here if you’d like to get an email each time the report comes out.… Read the rest

Jamilex Gotay, Editorial Associate, NACM National

Anyone can benefit greatly from joining an association, yet 56% of associations admit they have trouble engaging young professionals, according to Naylor’s Association Communications Benchmarking Survey. However, many factors that millennials and Gen Z value most, including networking, collaboration and education opportunities, are abundantly available through associations. For any younger professional reading this, or older one advancing their career, by joining an association, you will stand out from the competition. Here’s why.

Increased Knowledge

One of the leading benefits of joining an association is the education. This includes opportunities such as programs and certifications that will expand your knowledge—something employers are always looking for. For example, NACM offers credentialing for credit professionals so they can set themselves apart.… Read the rest

Written by: NCS Credit

If you are supplying materials or labor to a construction project, you can (and should) secure your receivables through the mechanic’s lien or bond claim process.

Mechanic’s liens and bond claims are two separate remedies, and you should ensure you secure the right one – but how do you know whether you should file a mechanic’s lien or serve a bond claim?

Determining your rights for any project requires you to know 3 key pieces of information:

• Know where your customer falls in the contractual chain
• Know the project type
• Know the state where the project is located

If you are sitting there a bit befuddled, don’t fret, here’s an example of those 3 vital pieces of information.… Read the rest

For the first time ever our whole team met up in Portland in February. Well, our team meeting started off with a bang – or should we say, a snowstorm! It was supposed to be a 3-day event, but on the very first day, the weather decided to have some fun and shut down the Portland area. We all had to make our way back to our respective homes, but the journey was a bit of a disaster and took us many hours. Some of us got stuck in the snow and had to channel our inner Olympian by pushing a van. One of us even broke a foot! Another had to ditch their car, while another had to wait it out at a bar.… Read the rest

Written By: Keith Prather, Armada Corporate Intelligence

Analysts have been disjointed on the direction of the economy and whether a recession will hit, when it will hit, and how deep or shallow it might ultimately be. Even today, with Q4 coming in hotter than expected, debates rage over whether Q1 will usher in the start of a mild recession or whether the country will push it until later in 2023, or whether it will come at all.

For the credit management industry, the important factor to watch is the Federal Reserve and the actions it continues to take on interest rates to tame inflation.… Read the rest