Tuesday's midterm elections come as the U.S. economy sits top of mind for businesses and consumers. The Federal Reserve continues to battle stubborn inflation with aggressive rate hikes, which many economists predict will lead to a recession.Midterm election results will determine whether Democrats or Republicans will have control of the U.S. House...

💼 On this week's episode of the Extra Credit podcast ... is the Great Resignation coming to an end as employees become increasingly concerned about job security? 🚧 Also in this episode ... how a lack of skilled labor in the construction industry can hurt material suppliers.

 📉 Latest episode of Extra Credit: The October Credit Managers' Index dropped to 53.2 ... its lowest reading since June 2020.🎙 "We are not in a good position," said NACM Economist Amy Crews Cutts. Also hear from Jason Torf for some tips on how credit professionals can prepare for an economic downturn.

🎙 This week's episode of Extra Credit just dropped! Hear how some credit professionals handle bad debt write-offs ... and a tip about staff retention at the end! 

​💼 Having trouble deciding on the best way to assign workload to collectors? Its not a one size fits all approach.👂 Listen to this week's episode of the Extra Credit #podcast to hear how some credit professionals keep workload balanced so collections stay efficient.

🎙 The first Extra Credit podcast episode of October just dropped! This week's episode is all about change in the B2B credit industry.💸 ACH has replaced paper checks as the most commonly used payment method in B2B transactions, according to an eNews poll.🔎 Payment methods are not the only part of B2B credit that has evolved. Credit professionals hav...

⚡ Extra Credit is BACK with a hot new episode! ⚡🎙 This week we spoke with Amy Crews Cutts about the September Credit Managers' Index results AND what some key recession indicators are currently showing.Check it out! 

​The Federal Reserve ramped up its fight against inflation last week with a 0.75% rate hike and hinted to more interest rate increases in the future. The Central Bank expects a jump in unemployment as a result. "There will very likely be some softening of labor market conditions," Fed Chair Jerome Powell said during a press conf...

💼 Workplace burnout is becoming more common. Listen to the 2️⃣5️⃣th episode of NACM's Extra Credit podcast to learn how to spot the signs of burnout in yourself and your staff. 

🎙 This week's episode of NACM's Extra Credit #podcast is all about fraud. Credit departments have reported an increase in attempts to setup fraudulent accounts, and fraud can even take place during your product's journey to the customer. Learn how to spot fraud before it happens at every step of the order to cash process. 

 ⭐ This week's episode of NACM's Extra Credit podcast hits 3️⃣ major trends in the B2B credit world!1. The manufacturing sector is indicating recession conditions, according to the latest CMI report. Hear from Amy Crews Cutts;2. Commercial bankruptcy lawyers discuss the latest trends. Hear from Sharon Beausoleil;3. and how to make an argu...

What you do with the findings of metrics is as important as the metrics themselves. Several credit leaders in this week's episode of the Extra Credit podcast choose to use the results as a way to motivate their staff, whether it be with cash or the option the work from home. 

? This week's episode of the Extra Credit #podcast is all about the construction industry! Listen here.  ? As severe weather events become more common, the construction industry will play a pivotal role in disaster preparedness and recovery. But with more opportunity comes more risk.⭐ Be sure to share with all your construction credit fri...

Kendall Payton, editorial associateThe consumer price index (CPI) rose 8.5% in July, compared to a 9.1% year-over-year increase in June. The drop in gas prices is a notable indicator of slowing inflation, but rates continue to increase among food and energy prices. The food index has increased 10.9% in the past year, the fastest pace since May 1979...

Stop what you're doing (or keep doing what you're doing) and listen to the first Extra Credit #podcast episode of August!This week's episode covers two important topics--a circuit court decision regarding the new value defense AND an update on sanctions against Russia.⭐ Hear from our expert guests, Bruce S. Nathan; Mike Papandrea; and Lizbeth Rodri...

China suspended some trade with Taiwan in retaliation for hosting a visit with U.S. House Speaker Nancy Pelosi. China blocked imports of some fruits and fish from Taiwan, and exports of natural sand to the island, according to CNN."China is Taiwan's largest trading partner, with bilateral trade worth $273 billion last year, accounting for 33% of th...

Although consumer demand is starting to soften, shipping prices are bolstered by container shortages and port congestion, said Lori Ann LaRocco, CNBC senior editor, during a news report. "East Coast [port] congestion has created a floor in prices at around the $9,000 range," she said. "Because congestion takes boxes out of the supply for future use...

? The July Credit Manager's Index shows weakness in the U.S. economy, but does it spell recession? Listen to this week's episode of NACM's Extra Credit podcast to find out! ? Hear from Amy Crews Cutts; Cody Christensen; and Chris Myers on a variety of topics ... including virtual onboarding and using metrics to improve the efficiency of e...

The U.S. Senate voted 64-33 today to pass a bill, known as the CHIPS act, aimed at boosting domestic semiconductor production. The bill now goes to the House for approval before it can be signed by President Joe Biden. "These investments will go a long way in reversing the decline in federal [research and development] that has dropped threefold sin...

Inflation reached a new 40-year high last month, a sign that demand is still hot. But other signs show the U.S. economy slowing—putting the Federal Reserve into a tricky situation. The Fed is expected to raise interest rates another 0.75% tomorrow, according to The Wall Street Journal. "They have increased rates at a historically rapid pace this ye...