Account Recovery

DECEMBER 20, 2021

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

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Account Recovery

SEPTEMBER 9, 2021

GETTING TO KNOW KEN ROWEN OF CMRE FINANCIAL SERVICES The best advice that Ken Rowen has ever received applies to how everyone in the accounts receivable management industry should operate — treat everyone well, regardless of their job title or station in life.

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Account Recovery

AUGUST 19, 2021

GETTING TO KNOW LEE-MADELINE DOWLS OF FIRST INVESTORS FINANCIAL SERVICES Seeing projects through to the end. Is it any wonder that Lee-Madeline Dowls has found her home working in the accounts receivable management industry? A love of numbers and data.

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Account Recovery

JUNE 13, 2023

In what many in the accounts receivable management industry fear is a nightmare scenario, plaintiffs who lose cases in federal court, especially if found not to have standing to sue, then turn and file the exact same case in state court, hoping the threshold to have standing is lower and therefore making it more likely […]

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Account Recovery

JANUARY 27, 2021

the chairwoman of the House Financial Services Committee, yesterday announced the representatives who will chair the committee’s six subcommittees. Of most interest to the accounts receivable management industry is likely the Subcommittee on Consumer Protection and Financial Institutions.

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Account Recovery

JANUARY 20, 2021

The California Department of Financial Protection and Innovation (DFPI) came out swinging yesterday with its first major action, issuing subpoenas to a dozen companies in the accounts receivable management industry, investigating consumer complaints about alleged unlawful, unfair, deceptive, or abusive collection practices.

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Troutman Sanders

APRIL 19, 2021

Senator Ted Cruz introduced the Financial Institution Customer Protection Act of 2021, which seeks to prohibit financial institutions from denying services to law-abiding businesses, such as companies in the accounts receivable management industry.

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Troutman Sanders

JULY 7, 2021

On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies. For more information, click here.

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Collection Industry News

AUGUST 4, 2020

Van Hollen announced the legislation in a Senate Committee on Banking, Housing and Urban Affairs hearing Wednesday with Consumer Financial Protection Bureau Director Kathy Kraninger. On Thursday, the House Financial Services Committee discussed several legislative proposals in a hybrid hearing also including testimony from Kraninger.

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Collection Industry News

JANUARY 18, 2022

DebtNext Software has been delivering robust solutions for their clients’ recovery management needs since its founding in 2003. Dougherty’s third decade in the financial services industry. Visit www.debtnext.com for more information. About Kristin Dougherty. 2022 will mark Ms.

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Collection Industry News

SEPTEMBER 29, 2020

30 deadline, approved the Debt Collection Licensing Act and legislation to create the Department of Financial Protection and Innovation (DFPI)—essentially a state version of the Consumer Financial Protection Bureau—Friday. The DFPI will include oversight of debt collectors and emerging financial technology products.

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PDC Flow

AUGUST 18, 2020

These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . What made you decide to focus your practice in financial services and more specifically in the debt collection industry? It was really by accident.

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Better Credit Blog

APRIL 1, 2022

They recently acquired Alltran Financial Services in 2020. With over 50 years of experience and a recovery record of about $6 billion in accounts receivable management for 60,000+ clients in the last decade, discovering Transworld Systems Collection on your credit report is never a welcomed situation.

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Debt RR

OCTOBER 13, 2019

While every factoring company will operate differently and offer a variety of services to suit business needs, many factoring companies are effectively debt collection agencies. Factoring, specifically, is a way to raise money by selling unpaid invoices and debt to a factoring company or other financial institution.

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Collection Industry News

JULY 20, 2020

Mark Neeb, the chief executive of ACA International, wrote that he is concerned that “certain lawmakers have suggested that eliminating the work of the ARM Industry is a prudent action that should be taken in response to the coronavirus,” a reference to the accounts receivable management industry, a term of art for debt collectors.

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PDC Flow

JANUARY 12, 2021

2020 has been an unusual year for the accounts receivable management industry (to say the least). But the year also saw numerous pieces of legislation, (CFPB’s Regulation F to California debt collection licensing and more) that will impact how collections will operate going forward.

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