PDC Flow

OCTOBER 12, 2021

Before addressing the questions and concerns from attendees, Needleman and Bender discussed their thoughts on both the positive and negative aspects of the Consumer Financial Protection Bureau’s rule and how they may impact debt collection after November 30. This has been a decade or more in the making ,” said Needleman. “

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Debt collector Financial Institution Financial services Collections 79

PDC Flow

DECEMBER 13, 2022

The other component organizations should understand is the ideal method for collecting payments: email, SMS, chat, online payment portal, QR codes on letters, staff-assisted transactions, etc. It is simply the process of collecting an entire group of authorized transactions and sending them to your acquiring bank or MSP all at once.

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Banks Financial Institution Education Collections 72

PDC Flow

NOVEMBER 1, 2023

Business to Business ACH Debit Transactions B2B ACH refers to electronic payments made through an automated clearing house network – these are often facilitated by banks or other financial institutions acting as intermediaries. She creates content for the accounts receivable and payment industry.

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Banks Government Financial Institution Collections 77

Collection Industry News

JULY 18, 2022

The use of disclaimers by CRAs about insufficient matching procedures in their consumer reports does not cure a violation of FCRA’s permissible purpose requirements. To that end, on June 29, the CFPB issued an advisory opinion warning debt collectors that convenience fees may violate the Fair Debt Collection Practices Act.

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Fair Debt Collection Financial Institution Debt collector Trade 40