Outstanding leaders provide guidance, motivation and direction, acting as the bedrock of organizational advancement and expansion. NACM strives to find emerging credit leaders capable of reshaping and advancing their organizations and the credit industry as a whole. Brian Wallace, director of corporate credit at N.B. Handy Company (Lynchburg, VA), is a prime example of an emerging leader as this year’s co-recipient of NACM’s Emerging Leader Award, which recognizes budding leaders who share their vision, inspiring others with their force of purpose and astounding insights. “I’m deeply hon…

Building your personal brand is an important skill to acquire as a professional. Whether it is through networking in person with colleagues or speaking at a panel event—the way you present yourself leaves a lasting impression on those around you. But a more permanent way to build your brand can be done through social media.

The 128th Annual Credit Congress & Expo, hosted by the National Association of Credit Management, recently concluded, marking another successful gathering of industry professionals from around the globe. Held in the vibrant city of Las Vegas, this year’s conference brought together over 1,300 credit and finance professionals for four days of intensive learning, networking and innovation.

Today, far too many of our workplaces continue to be steaming examples of toxicity. Recent stories of harassment, mismanagement and bullying have become headlines in companies as varied as the Miss Universe Organization and the US Federal Deposit Insurance Corporation. There are a few shining examples of companies with uncompromising work cultures—like Radio Flyer—but there are not enough of them.

Since Colorado first legalized medical cannabis in 1996, more than half of the U.S. has legalized marijuana for recreational use today. But possession and distribution or sale remains illegal under federal law—meaning any money that can be traced back to state cannabis operations could expose banks to significant regulatory risk.

De-escalating customer conflicts is a routine part of the job for trade credit managers. Why it matters: Understanding and effectively managing customer conflict is vital because it directly influences a business’s financial well-being, reputation, and overall trajectory.

AI is a rapidly evolving technology that has the potential to greatly benefit various industries and professionals. However, this article aims to clarify several common misconceptions about the use of AI in B2B credit and related industries.

Inflation levels remain above the Federal Reserve’s target rate of 2%. The latest figures show U.S. inflation sitting at 3.36%, but business and consumer sentiment would suggest that prices are much higher. After falling for much of last year, inflation accelerated again at the start of 2024, reducing the likelihood of early rate cuts. The Fed’s next interest-rate meeting is set for June 11, and the overwhelming consensus of economists is that there will be no rate cuts from the current level of 5.25% to 5.5%.

The Turkish government has struggled to tame inflation for the past year. Inflation sits at 70% despite an interest rate of 50% from Turkey’s central bank. Why it matters: Turkey may be forced to sacrifice economic growth as it tries to lower inflation.