Account Recovery

APRIL 25, 2024

Getting to Know Jessica Kagansky of Crown Asset Management Appeals Court Affirms Ruling in FCRA Case Over Dispute Investigation CFPB Publishes Supervisory Highlights on Mortgage Servicer Issues DFPI Fines Student Loan Servicer for Delivering Report 17 Days Late State Collection Service Achieves HITRUST Risk-Based, 2-year Certification WORTH NOTING: Animals get stressed during eclipses, it turns […]

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Student loans Student Loans Loans Collections 147

Consumer Finance

APRIL 23, 2024

The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers.

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Collections Law

APRIL 23, 2024

Winning a judgment from the court might feel like a victory, but getting paid might be a whole new battle that you and your company were not expecting. At Law Offices of Alan M. Cohen & Associates LLC, our Massachusetts commercial collections attorneys have over 50 years of experience in aggressive, relentless, effective and commercial debt collection including but not limited to judgment enforcement and domestication.

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Judgment Judgment Enforcement Commercial Collection Collections 96

UK debt collections

APRIL 24, 2024

A Timeshare risk management company which claimed to help people exit their timeshare contracts in Tenerife has been shut down leaving clients at a loss Timeshare Legals Limited was wound-up following investigations by the Insolvency Service which found no proper accounting records, hundreds of clients left with unfulfilled claims and the transfer of client funds to a company in Spain with the same name, Timeshare Legals SL, and the same director, creating a lack of transparency.

Lawyers 81

Lawyers Trade Law Firms Government 81

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Account Recovery

APRIL 25, 2024

If two consumers dispute a debt and the furnisher submits corrections to how the debt is being furnished, how can the consumers claim the investigation that was conducted was unreasonable? They can’t, the Court of Appeals for the Ninth Circuit has ruled, affirming a lower court’s ruling.

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Qualco

APRIL 25, 2024

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

Loans 52

Loans Credit Management Creditors Government 52

Jimerson Firm

APRIL 22, 2024

In the ever-evolving realm of construction contracts, navigating the contractual dispute resolution procedures can pose significant challenges for contractors. Since the 2007 revision to AIA contract forms, the so-called Initial Decision Maker (IDM) process has become more common and is presenting new challenges for contractors. Thus, a basic understanding of the IDM process is essential for contractors seeking to navigate these complexities.

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Construction Trade 59

Account Recovery

APRIL 24, 2024

Judge Remands Collection Lawsuit Back to State Court FTC Enacts Ban on Noncompete Clauses Walmart-Backed Fintech Starts Offering BNPL Services 25 Companies Seeking Collection Talent Attorney Issa K.

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Collections 147

Credit Corp

APRIL 23, 2024

Medical debt can negatively impact your credit score by increasing your credit utilization ratio. Or, if you don’t pay off the debt, by being listed as a charge-off or an item in collections on your credit reports. Medical debt can have a direct impact on your credit score in a few different ways. How it will affect your credit score will depend on a few different factors, like: Where you check your credit score How much medical debt you have How long you’ve had that medical debt If you’ve fully

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Debt collector Collection Agencies Collections Agency Collections 52

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FFGN COLLECT NY

APRIL 23, 2024

New York debt collection laws allow judgment creditors many ways to collect from debtors. One option available is to take over or “charge” a judgment debtor’s interest in an LLC or limited liability company. An LLC is a separate entity that offers personal liability to each of the shareholders or stockholders. An individual and/or corporation may have an interest in an LLC, and that interest is fair game when it comes to judgment enforcement in New York.

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Judgment Judgment Enforcement Debtor Creditors 52

Collections Law

APRIL 22, 2024

On occasion, a corporation may appear destitute, even defaulting on its financial responsibilities and unable to satisfy its debts. Meanwhile, its shareholders or business owners appear flush with cash. This scenario can be frustrating to a debtor. When it seems as though an individual is hiding behind the corporate structure of their company, it is understandably infuriating.

Creditors 52

Creditors Commercial Collection Debtor Collections 52

Account Recovery

APRIL 24, 2024

In most Fair Debt Collection Practices Act cases that are started in state court and then removed to federal court, it is the defendant — usually a collection operation of some kind — that is seeking to have the case heard before a federal judge. This time, it’s the other way around.

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Fair Debt Collection Collections Banks 147

UK debt collections

APRIL 26, 2024

John Barnes, the former England and Liverpool footballer, has been banned as a company director after his business failed to pay tens of thousands of pounds in tax. John Barnes Media Limited failed to pay more than £190,000 in corporation tax and VAT between 2018 and 2020, it was revealed following an investigation by the Insolvency Service. HMRC was the firm’s only known creditor when it ceased trading.

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Trade Creditors Government 59

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Collections

JMA

APRIL 21, 2024

Many Australian small businesses face a common challenge: recovering outstanding invoices. Chasing overdue payments can be a time-consuming and stressful burden, while the traditional debt collection process can be lengthy and yield uncertain results. This is where debt collection agencies like JMA Credit Control come in. We specialise in working with small businesses across Australia, Read more » The post Do Debt Collection Agencies Work With Small Businesses?

Collection Agencies 52

Collection Agencies Collections Agency Collections 52

Jimerson Firm

APRIL 25, 2024

Featured in the April 2024 Issue: Partner’s Perspective: Stepping Out of Your Comfort Zone in the Workplace “In our fast-paced world, filled with ambitious goals and grand aspirations, it is easy to overlook the significance of small victories. However, there is a profound impact that celebrating small wins can have on our overall sense of positivity and well-being. “ Blog Highlights Curiosities, Ruminations and Various Eccentricities of Firm Biz READ NEWSLETTER The post April 2024 &

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Account Recovery

APRIL 23, 2024

Judge Esther Salas of the District Court for the District of New Jersey was on a roll last Thursday, denying class certification in two separate Fair Debt Collection Practices Act cases against the same defendant, largely for the same reasons.

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Fair Debt Collection Collections 147

Price Meese

APRIL 26, 2024

Federal Trade Commission Declares Non-Compete Agreements to be Unenforceable Unfair Competition On April 24, 2024, the Federal Trade Commission issued its “Non-Compete Clause Final Rule” (the “Rule”). [1] The Rule declares that non-compete agreements will be a form of unfair competition in all states. A non-compete agreement is defined as a term of an agreement or policy of employment that would interfere with an employee’s seeking or accepting work with any other employer, or operating any kin

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

NACM

APRIL 24, 2024

The goal for B2B credit managers is to wisely offer credit to customers, minimize nonpayment risk and foster business relationships. It is through NACM's Professional Certification Program, that credit professionals are able to learn or re-educate themselves on various aspects of trade credit, becoming a more efficient credit leader in the process.

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Credit Management Education Trade 5

Sawin & Shea

APRIL 24, 2024

Before someone makes a bankruptcy filing, it is not uncommon for debtors to feel as if they have to make some tough decisions. Which creditors can they pay? Which ones will not get the payment they’re owed? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first.

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Bankruptcy Unsecured Creditor Debtor Creditors 52

Account Recovery

APRIL 25, 2024

The California Department of Financial Protection and Innovation announced yesterday it had entered into a consent order with one of the nation’s largest student loan servicing companies after it failed to provide contact information in a timely manner for residents with older student loans who needed to apply by the end of the month for […]

Student loans 130

Student loans Student Loans Loans 130

Account Recovery

APRIL 25, 2024

Demonstrating the Highest Level of Information Protection Assurance HITRUST Risk-Based, 2-year (r2) Certification validates State Collection Service is committed to strong cybersecurity and protecting sensitive data. State Collection Service, a leading provider of healthcare receivables management, today announced that its collection software systems, servers, workstations, and physical offices have earned certified status by HITRUST for information security.

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Collections Healthcare 130

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks

Account Recovery

APRIL 25, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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Collections 130

Account Recovery

APRIL 25, 2024

The Consumer Financial Protection Bureau yesterday published another breadcrumb in its fight against junk fees, pointing out the illegal fees that are being charged by mortgage servicers in an Supervisory Highlights bulletin.

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Debt collector 130

Account Recovery

APRIL 22, 2024

St. Ann, Mo — April 22 — Consumer Adjustment Company, Inc. (CACi) is excited to announce the acquisitions of Creditors’ Discount & Audit Co. (CDA) and The Credit Bureau of Columbia/Account Management Services (AMS). The two companies are the latest to join the CACi family and further demonstrate the company’s stability and rapid growth.

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Acquisition Credit Bureau Creditors 147

Account Recovery

APRIL 22, 2024

The Court of Appeals for the Second Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act, agreeing that the defendant’s conduct did not violate the statute and that that plaintiff’s claims were partially time-barred.

Fair Debt Collection 147

Fair Debt Collection Judgment Collections 147

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