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The transition could mean the company wasn't making as many calls to delinquent debtors, reducing its ability to collect on those accounts.
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In addition he is proposing Roth 401(k) and 403(b) plans that would allow individuals to kick in aftertax money to those accounts and collect that money tax-free when they retire.
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Chastened, the Swiss agreed to collect withholding taxes on American accounts and gradually increased the level of oversight the U.S. Treasury has had into their banks.
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On Thursday, when Francis returned to his former living quarters to collect his bags and settle accounts, his actions inspired tears of staff members as the pontiff remembered names of employees and inquired into the well-being of their families.
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Rowe Price and American Funds, as well as broker-dealers and others, to provide more information about the direct and indirect fees they collect from 401(k) accounts.
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If the plans under consideration work from Bank of America's perspective, it would either collect more in fees on checking accounts or increase its profitability as customers made greater use of its services.
WSJ: Bank of America Weighs New Set of Fees
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The solution now being adopted in New Zealand and Britain is to combine privately owned accounts with cheap public arrangements to collect the savings directly from pay packets.
ECONOMIST: Paying for the old
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Seizing cars, homes, bank accounts, wages and other property may be an easy way to collect in the short term.
FORBES: States, Local Governments Consider Aggressive Tax Collection Efforts To Plug Budget Holes
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Accounts receivable days is a standard measure of the average number of days a company takes to collect payment on goods or services it sold.
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