Account Recovery

JANUARY 30, 2023

In what should come as a surprise to nobody in the accounts receivable management industry, the average credit scores for consumers increased during the pandemic, according to a report released last week by the Consumer Financial Protection Bureau.

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Accounts Receivables Management Student loans Student Loans Loans 130

Account Recovery

JANUARY 8, 2021

A pair of officials in the Trump administration with ties to the accounts receivable management industry announced their resignations yesterday in response to what happened in Washington, D.C., earlier this week. Betsey DeVos, the Secretary of Education, and Mick Mulvaney, the U.S.

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Accounts Receivables Management Education Student loans Student Loans 246

Katabat

AUGUST 29, 2023

About Finvi For more than 40 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accounts receivable management, and financial institutions. Stellare® can process, approve and fund most loan applications within 24 hours.

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Loans Accounts Receivables Management Financial Institution Personal loans 52

Account Recovery

JANUARY 21, 2021

President Joe Biden wasted no time getting to work after his inauguration yesterday, signing a number of executive orders, including at least one that will impact the accounts receivable management industry.

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Accounts Receivables Management Student loans Student Loans Loans 147

True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Key Indicators and the Student Loan Predicament According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the first quarter of 2023 by $148 billion (.9%)

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Financial Institution Student loans Student Loans Loans 66

Collection Industry News

AUGUST 4, 2020

This would also provide sustainable repayment plans when borrower payments resume and would provide creditors access to a low-interest, long-term loan from the Federal Reserve until borrower payments resume. Similar provisions were included in H.R. 6800, the HEROES Act.”.

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True Accord

JUNE 6, 2023

Where data has its own intrinsic value and where data breaches and cyberattacks are a risk for every business, the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA) provides financial institutions, including those in the accounts receivable management industry, with guidance on how to safeguard customer information.

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Financial Institution Credit Unions Credit Unions Accounts Receivables Management 72

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 joined Axiom Acquisition Ventures in 2018, to grow their specialized account acquisitions from Fin-tech, banks and consumer loan companies.

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Acquisition Accounts Receivables Management Financial services Government 52

Troutman Sanders

JULY 7, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

APRIL 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The company was operating without registering as a debt settlement service provider as required by Minnesota law.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency.

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Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. While debt collectors lobby to maintain business operations, representatives of firms that issue credit card, car loans, and online consumer loans, are lobbying for access to bailout money.

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Garnishment Collections Debt collector Accounts Receivables Management 40

National Service Bureau

AUGUST 19, 2015

Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. So what’s the implication for you, the business owner?

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Collections Accounts Receivables Management Collection Agencies Collections Agency 40

National Service Bureau

MAY 12, 2015

As it relates to collections and accounts receivable management , skip-tracing is the process of locating debtors whose contact information is no longer accurate. Read on to learn about skip-tracing and how it can benefit your business. What is skip-tracing? Skip-tracing is the process of tracking down individuals.

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Collections Collection Agencies Collections Agency Accounts Receivables Management 40

National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

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