News
NACM’s Credit Manager’s Index (CMI)
The Credit Manager’s Index (CMI) is created from a monthly survey of credit and collection professionals. The CMI survey asks NACM members to rate favorable and unfavorable factors in their monthly business cycle. Favorable factors include sales, new credit applications, dollar collections, and amount of credit extended. Unfavorable factors include rejections of credit applications, accounts placed for collections, dollar amounts of receivables beyond terms, and filings for bankruptcies. The results provide a benchmarking and forecasting tool that looks at the entire cycle of commercial business transactions. The CMI has gained rapid acceptance among the business and financial community as an economic indicator to both watch and report on.
Credit Manager's Index Report
CMI Report Archives
President Signs Bankruptcy Bill S. 256
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was signed into law on April 20, 2005. This legislation contains the most significant changes to federal bankruptcy law since the enactment of the Bankruptcy Code in 1978. Read more
FACTA Disposal Rule Goes into Effect June 1
A new federal rule will require businesses and individuals to take appropriate measures to dispose of sensitive information derived from consumer reports. Read more