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Credit News

Louisiana Updates

LED News  1/27/10
Louisiana Economic Development News Release - The Funding round enables company to add at least 60 new jobs averaging more than $70,000, plus benefits

NEW ORLEANS, La. -- Today, Gov. Bobby Jindal joined The Receivables Exchange Co-founder and President Nic Perkin, The Receivables Exchange Co-founder and CEO Justin Brownhill, Bain Capital Ventures Managing Director Jeffrey Schwartz, Redpoint Ventures Founding Partner Jeff Brody and Louisiana Economic Development Secretary Stephen Moret to announce The Receivables Exchange, or The Exchange, has closed $17 million in a Series C financing round led by Bain Capital Ventures, one of the top venture capital firms in the U.S. The financing round also included participation from other top venture capital firms, including re-investment from Redpoint Ventures and Prism Ventureworks. (read more)

NACM eNews Updates (newsletter)

Featured Story - 2/02/10
Antitrust Issues
Easily overlooked and frequently misunderstood, antitrust law can bedevil credit professionals and their companies in a number of different ways.

Although primarily thought of as regulations against anti-competitive behavior or monopolies, antitrust law also includes provisions that govern the exchange of information and collaboration between companies in the same industry, dealing with the same customer base. And sometimes, all it takes to cement a violation of the law is a simple, innocently-sent internal company communication.

"If you think about the Microsoft lawsuit that went on for years that hit every newspaper, one of the things that absolutely was the nail in the coffin on the Microsoft antitrust litigation was an internal email that was found in their systems that Microsoft never intended anyone to see," said Wanda Borges, Esq. "The system had been purged but the email was uncovered and said 'we are going to launch this product and bury the competition:' clearly an intent on behalf of Microsoft to destroy their competition." (read more)