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Acquisition Collections Government 
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.
246 
True Accord
FEBRUARY 11, 2025
Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors.
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Your Accounting Expertise Will Only Get You So Far: The New Way To Lead
Account Recovery
SEPTEMBER 5, 2024
04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. WARMINSTER, Pa.,
130 
Jimerson Firm
FEBRUARY 6, 2024
In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Rollover equity is a purchase mechanism where the Seller receives stock or interests in the business post-acquisition as part of the sale.
59 
Burt and Associates
SEPTEMBER 23, 2024
The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. Short title The FDCPA , officially titled the Fair Debt Collection Practices Act , establishes the law regulating debt collection practices across the U.S. §808. §808.
Burt and Associates
SEPTEMBER 23, 2024
The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. Short title The FDCPA , officially titled the Fair Debt Collection Practices Act , establishes the law regulating debt collection practices across the U.S. §808. §808.
Fico Collections
FEBRUARY 16, 2021
But on the flipside, banks are also obliged to carefully handle collections, recoveries and manage their most financially vulnerable customers – all while under increasing regulatory scrutiny. But those needing to collect from customers will also be facing significant regulatory scrutiny.
52 
UK debt collections
DECEMBER 15, 2021
These figures were in line the the Company’s market predictions for a wave of Company insolvencies following the ending of government pandemic support measures. Previous reports have suggested that debt collection action could have saved 50,000 thousand SME’s in the UK. This saw their profits before tax increase to 2.7m
52 
CSA
MARCH 2, 2021
Due to a company restructure following acquisition, I was unfortunate enough to be made redundant in late 2020. I also had never considered a career in the debt collection sector or thought of it as a field that could be so interesting and varied and offer so many career opportunities. s everyday lives.
52 
Collection Industry News
SEPTEMBER 2, 2024
The Fair Debt Collection Practices Act (FDCPA) serves as a foundational piece of legislation protecting consumers from abusive debt collection practices. For businesses looking to streamline their debt collection process, adhering to FDCPA guidelines is essential for long-term success. 2024 FDCPA Highlights.
CSA
FEBRUARY 3, 2021
How is skills acquisition being used to deliver on strategic objectives? This means that Apprenticeship Levy funds are being lost, and begs the question, can debt collection agencies afford not to consider investing in apprenticeships in 2021? is a reoccurring theme, with many debt collection agencies investing heavily in their ?employer
Collection Industry News
JANUARY 18, 2022
DebtNext Software, a leading hosted recovery management software provider to the credit, banking, utility, telecom and collections industry for almost 20 years, is located in Copley, Ohio. Dougherty joined Axiom Acquisition Ventures in 2018, to grow their specialized account acquisitions from Fin-tech, banks and consumer loan companies.
40 
Credit Corp
JUNE 30, 2021
This means that the properties are viable for many different tenants, including government services, healthcare services, and entertainment. On a positive note, rent collection improved meaningfully to 98% of total billings for office, 85.0% STAG collected 99.6% year-over-year, but its occupancy rate improved from 93.4%
94 
Fico Collections
DECEMBER 21, 2020
Prediction 3: The UK Government Will Aggressively Prosecute Bounce Back Loan Fraud. I recently wrote about how bounce back loan fraud threatens to cheat the UK government out of up to £26 billion , as first-party fraud and business impersonators took advantage of COVID relief loans they have no intention of paying back.
52 
Fico Collections
JANUARY 8, 2021
In this category, COVID-19 was a pressing topic but didn’t dominate the discussion as it did in the Debt Collection & Recovery category. FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. Here are our top 5 posts from 2020. #1.
52 
Jimerson Firm
FEBRUARY 2, 2021
(“CERCLA”) or any other applicable law (“Hazardous Substances”), including any Hazardous Substances that migrated to or from the Property, in such quantities or under such conditions as to render the Property subject to, or potentially subject to, a directive or order from a government entity. SOP 50 10 5(E), Appendix 2.
76 
Collection Industry News
JANUARY 24, 2022
On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.
40 
Collection Industry News
JULY 4, 2022
He represents banks, fintechs, mortgage companies, auto lenders, and other nonbank institutions in transactional, licensing, regulatory compliance, and government enforcement matters covering mergers and acquisitions, consumer and commercial lending, equipment finance and leasing, and supervisory examinations,….
40 
Better Credit Blog
AUGUST 31, 2020
ConServe is a debt collection agency that may contact you regarding unpaid debts. Collections accounts stay on your credit report for as long as seven years, which means that any lender or creditor can make decisions based on the fact that you have had debt in collections. What is ConServe? Negotiate a Settlement.
Better Credit Blog
AUGUST 31, 2020
Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. In order to collect payments on your debt, Covington Credit must first open up a collections account on your credit report. What is Covington Credit? This is not the case at all.
Collection Industry News
OCTOBER 27, 2020
Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. The post District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA appeared first on Collection Industry News.
40 
Troutman Sanders
NOVEMBER 29, 2021
Entities that collect Wisconsin residents’ personal information and are licensed, registered, or authorized (licensee) with the Office of the Commissioner of Insurance (commissioner) will have to abide by a new data security law (Wisconsin’s Insurance Data Security Law), which came into force on November 1.
52 
Fico Collections
DECEMBER 16, 2020
percent year on year) are contributing and some consumers may be continuing with payments because of the government financial support. Collection teams could ensure that higher-balance accounts are worked as a priority and acquisition teams should make sure that adequate checks are in place to ensure appropriate initial limits are set.
52 
Fico Collections
JANUARY 25, 2022
The 5 top posts for decision management on the FICO Blog last year dealt with digital transformation in insurance, automated originations, responsible AI, model governance and, strangely enough, movies! Model Governance: Yapi Kredi Takes Advanced Approach . Read the full post: Model Governance: Yapi Kredi Takes Advanced Approach .
52 
Better Credit Blog
AUGUST 31, 2020
This is because they must open a collection account on your credit report before they can begin pursuing you for payment. Collection accounts on your credit report can influence your credit score for up to seven years, even if you pay off the debt. This legislation is called the Fair Debt Collection Practices Act.
Collection Industry News
JUNE 14, 2021
Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. The government alleged that Nocera gave his debt collectors drugs to make them more aggressive. Consumer Financial Protection Bureau and the New York State Attorney General’s Office over his unlawful debt collection practices.
Collection Industry News
APRIL 11, 2022
Organizations contemplating an investment or acquisition in private higher education also will want to consider this development carefully. While changes in ownership at times involve the acquisition of a distressed institution, they also may involve two strong organizations with no financial or compliance concerns. score below 1.5
40 
Fico Collections
MARCH 7, 2023
There are wide gaps in understanding the importance of AI ethics and AI governance among key business stakeholders in this sector. In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations.
Troutman Sanders
NOVEMBER 13, 2023
On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.
Fico Collections
JUNE 23, 2022
The way organizations have grown has not been conducive to achieving a holistic view,” said Julie, noting that growth through acquisition creates “huge silos from those acquisitions that never get put together. Unified policies and procedures, and shared governance structures, present the next level of integration.
52 
Collection Industry News
JANUARY 24, 2022
In a recent case against Richmond Capital , the agency took action against two defendants behind a small business financing scheme by banning them from the merchant cash advance and debt collection industries and ordering them to provide funds for redress.
52 
Fico Collections
MAY 19, 2022
They were very interested in corporate model development standards, corporate governance standards, and AI audit tools such as blockchain model development governance, to codify and persist the development history to the chain. HNC Software was, in fact, co-founded by a UCSD professor, Robert Hecht-Nielsen.
52 
Fico Collections
DECEMBER 15, 2021
Many journeys (both acquisition and servicing) are now well-established in the digital channel and customers have adopted them at an accelerated rate out of necessity during lockdowns. This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections.
Consumer Financial Services Law
OCTOBER 17, 2016
Atlas Acquisitions , No. LVNV Funding, LLC , 2016 U.S. LEXIS 14706 (7th Cir. Two weeks later, the Fourth Circuit followed suit holding that the filing of a time barred proof of claim does not violate the FDCPA when the statute of limitations does not extinguish the debt. 15-1495, 2016 U.S.
40 
Collection Industry News
NOVEMBER 30, 2021
The Commission reminds businesses of their obligations under the laws that govern online sales, principally Section 5 of the FTC Act, but also the Restore Online Shoppers’ Confidence Act (ROSCA), the Telemarketing Sales Rule, the Use of Prenotification Negative Plans Rule, the Postal Reorganization Act, and the Electronic Funds Transfer Act.
40 
Collection Industry News
OCTOBER 5, 2021
As more established companies like Mastercard get into this space, by launching new products, through partnerships, or via acquisitions, “we do expect that buy now, pay later will become ubiquitous, just given the utility that it’s demonstrated over the last year or so,” Mark Palmer , an analyst at BTIG , said in an interview with Yahoo Finance.
Fico Collections
MARCH 17, 2022
billion in loans to 720,000 borrowers and assisted approximately 267,000 customers with USD$785M of credit through government-sponsored programs to the MyPe segment (micros and small companies). The risk team rescheduled and froze repayments for USD$2.4
52 
Collection Industry News
OCTOBER 21, 2022
billion LXi REIT scrapped a planned sale of new shares expected to price at a premium to its net asset value (NAV) to support a 500 million pounds acquisition of 18 Sainsbury’s (SBRY.L) But the government’s Sept. trln UK commercial property sector appeared first on Collection Industry News.
40 
Troutman Sanders
MAY 5, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Debt Collection. Auto Servicing. The CFPB sees wrongful repossessions everywhere.
Collection Industry News
OCTOBER 21, 2022
Like other entities, Citigroup fared much better in its personal banking business than in investment banking, where revenue fell 64% to $631 million due in part to a lower appetite for mergers and acquisitions, said CEO Jane Fraser. The post US Banks Feeling The Economic Slowdown As Profits Fall appeared first on Collection Industry News.
40 
Fico Collections
JANUARY 7, 2021
Now is the perfect time to go on a customer acquisition spree, while using personalized customer treatments to increase your own customer retention, satisfaction, and loyalty. . In an economic environment like the ones we find ourselves in today, customers are “in play” like never before: both yours and your competitors’.
52 
Collection Industry News
MAY 9, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Debt Collection. Auto Servicing. The CFPB sees wrongful repossessions everywhere.
Fico Collections
FEBRUARY 12, 2023
He makes the point that customer acquisition and retention in the digital age requires startup thinking and flawless execution when it comes to the customer development, risk and product team's approach. You can collect relevant information during the flow of conversation while also making it enjoyable and personable by responding in context.
52 
Troutman Sanders
JUNE 14, 2023
On June 8, the CFPB acted against a medical debt collector for numerous debt collection and credit reporting violations. In at least thousands of cases, the debt collector continued to attempt to collect on a debt that was not substantiated after a consumer disputed the validity of the debt. collectively, “Coinbase”).
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