American Profit Recovery
MARCH 14, 2025
You may be a small business owner or a professional in the position of finance. You may be reading this and at the same time having challenges with cash flow. The main culprit could be late and non-paying consumers. Just about every type of business will encounter this challenge, and it’s imperative to implement a regular and consistent program for getting customers to pay you for what you have provided.
Account Recovery
MARCH 14, 2025
The Consumer Financial Protection Bureau filed a brief yesterday seeking to convince a federal judge why it should be entitled to $43 million in penalties from the owner of a debt relief company. The case, CFPB v. FDATR, Inc., is being heard in the Northern District of Illinois, with Judge Georgia N. Alexakis presiding. The CFPB’s motion comes after the company, FDATR, failed to respond to the complaint filed in 2020, leading to a default judgment earlier this year.
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UK debt collections
MARCH 11, 2025
A new report from GoCardless , in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small businesses. A survey of over 2,000 small Business owners found that 45% are experiencing more late payments than a year ago, while 50% fear the situation will worsen in the next 12 months. For many, the delays are severealmost a quarter (24%) of SMBs report receiving payments up to 60 days late.
Collections Law
MARCH 14, 2025
Securing a judgment against a debtor is a significant victory, but the battle doesnt end there. Collecting on that judgment requires finding the money, sometimes by uncovering the debtors assets. This process is known as post-judgment asset discovery. It is a crucial step that can be the difference between getting paid and walking away empty-handed.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Credit Corp
MARCH 12, 2025
Dealing with credit card debt is challenging, let alone facing a debt lawsuit.If the creditor wins the lawsuit, you may face serious financial repercussions. Lawsuits also harm credit scores, and the stress from the legal process can exacerbate financial challenges. If you find yourself being sued by a debt collector, you may wonder how to get a credit card lawsuit dismissed.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MARCH 14, 2025
The Attorney General of New York has introduced proposed legislation that would update state law to protect consumers from unfair and abusive acts or practices in addition to the deceptive practices that have been illegal since the original law went into effect in 1970. Driving the news: New York Attorney General Letitia James, along with state lawmakers Sen.
FFGN COLLECT NY
MARCH 12, 2025
Demand for payment failed, and now you want to go legal with your debt collection claim. Regardless of whether you proceed with mediation, arbitration, or litigation, your collection attorney will need to choose the appropriate legal theories or causes of action to include in your New York debt collection case. The facts of your underlying claim will determine the causes of action you and your attorney decide to pursue.
Troutman Sanders
MARCH 11, 2025
In this episode of Moving the Metal , hosts Brooke Conkle and Chris Capurso from Troutman Pepper Locke’s Consumer Financial Services Practice Group discuss the rise and fall of the Junk Fee Rule and the CARS Rule. They delve into the initial broad scope of the Junk Fee Rule, its eventual limitation to specific industries, and the implications for auto finance companies.
Credit Corp
MARCH 12, 2025
A vehicle is an important asset, especially for those with challenging commutes. Unfortunately, vehicle costs continue to steadily rise, with average monthly car payments rising to $725 for new vehicles. With increased expenses, its easy to fall behind on car payments. If you are having a hard time keeping up with a car loan, voluntary repossession may be a good option to get the burden of late payments off your hands.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Brown and Joseph
MARCH 13, 2025
At Brown & Joseph, we value strong partnerships, and our collaboration with Ben Schiffman and Crum & Forster is a perfect example of strategic success… The post How Ben Schiffman is Driving Legal Innovation at Crum & Forster appeared first on Brown & Joseph, LLC.
Account Recovery
MARCH 13, 2025
A District Court judge in Virginia has issued a consent decree in which a law firm representing a plaintiff in a Fair Debt Collection Practices Act case will pay both the plaintiff and the defendant a total of $50,000 and take corrective action after it was accused of filing one lawsuit and settling another in the plaintiff’s name without her knowledge.
American Profit Recovery
MARCH 12, 2025
What if we told you you could hire a collection agency and improve your cash flow without breaking your budget? We’re confident most businesses would like to take advantage of that. There is still a myth that the only way to employ a debt collection agency for your business is to pay large fees to achieve your goals. However, that is not the case; low-cost debt collection solutions are available to any size business.
Troutman Sanders
MARCH 12, 2025
On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. and its associated entities and individuals. The court order aims to halt the defendants’ alleged deceptive and abusive debt collection practices. The FTC’s complaint , filed on February 24, 2025, alleges that Blackrock Services, Inc., along with Liberty Credit Management, Inc., Civil Complaint Administration, Pacific Billing Solutions, Cornerstone L
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Credit Corp
MARCH 12, 2025
Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. In fact, 24 million U.S. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan. Understanding the process is crucial before diving in.
Qualco
MARCH 12, 2025
Islamic Supply Chain Finance (ISCF) has traditionally been associated with Muslim-majority economies, but its principles of fairness, transparency, and risk-sharing are gaining traction in non-Muslim markets as well. As global trade increasingly shifts towards ethical finance, sustainability, and financial resilience, ISCF presents a compelling alternative financing model that aligns with these trends while enhancing long-term stability for businesses.
Account Recovery
MARCH 14, 2025
A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. The collection agency may be associated with a debt buying operation that also recently shut its doors. Phoenix Financial Services, based in Fishers, Ind., closed at the end of February, according to a published report.
Jimerson Firm
MARCH 11, 2025
Jimerson Birr , a full-service business law firm based in Jacksonville with statewide offices and clients throughout Florida and Georgia, proudly announces the appointment of Brandon C. Meadows as its new Managing Partner. In this role, Mr. Meadows oversees the firms legal operations, ensuring the continued delivery of high-quality legal services while guiding the companys strategic growth.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Troutman Sanders
MARCH 12, 2025
On March 7, the Office of the Comptroller of the Currency (OCC) issued a significant update regarding the involvement of national banks and federal savings associations in cryptocurrency activities. Interpretive Letter 1183 reaffirms the permissibility of various crypto-asset activities and aims to streamline the regulatory process for banks engaging in these activities.
NCBA Law Practice Management Blog
MARCH 9, 2025
Traditionally, attorneys have struggled to communicate value to leads & clients. Sometimes, lawyers linger on legalese, or theyre simply talking over the heads of the people they most desperately need to understand what theyre doing. Generally speaking, lawyers are really good at talking to other lawyers its why most law firms are built on referral-based marketing but, when it comes to consumers: its a whole other story, that sometimes does not have a happy ending.
Account Recovery
MARCH 14, 2025
Mountain View, CA, March 14, 2025 – Prodigal today announced the Prodigal Intelligence Engine (PIE), a specialized intelligence layer designed to power AI agents in collections and consumer finance. Building foundations for Agentic AI in consumer finance Recent advancements have led many industries to rapidly adopt AI agents; consumer finance and collections are no exception.
Account Recovery
MARCH 14, 2025
Suit Accuses Collector of Misinterpreting Refusal to Pay as Dispute NY AG Introduces Bill to Prohibit Unfair, Deceptive Acts Against Consumers Indiana Collection Agency Closes Down, Affecting Nearly 100 Employees CFPB Moves Forward With Attempt to Order Debt Relief Company Owner to Pay $43M Prodigal launches PIE: Intelligence Layer for Collections AI Agents WORTH NOTING:Two federal judges have ordered thousands of fired federal workers to be rehired … A list of the world’s greatest p
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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Account Recovery
MARCH 11, 2025
Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday by AARP that sheds fresh light on credit card usage among Americans aged 50 and older a picture that is worrisome. Even more unsettling: 17% admit theyve done this every month over the past year.
Account Recovery
MARCH 10, 2025
A District Court judge in Michigan has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case on the grounds that not removing a dispute notification on the plaintiff’s credit report is not a false or misleading statement in connection with the collection of a debt. The background: The plaintiff reviewed her credit report last April and noticed that a debt from the defendant was marked as disputed.
Account Recovery
MARCH 14, 2025
EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!
Account Recovery
MARCH 11, 2025
Collector Sued for Emailing Third Parties About Debt Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival CFPB Roundup Washington Senate Passes Medical Debt Credit Reporting Ban Bill WORTH NOTING:What it’s like being at the Nordic Super Bowl … It’s never the kids who are the problems at sporting events … The best longevity habit you’re not thinking about … Car payment delinquency rates are at their highest point in 30 years … It’
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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