Wed.Feb 07, 2024

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Daily Digest – February 7. Opportunities Everywhere for Companies in ARM Industry; Judge Grants MSJ for Defendant in FDCPA Case Over Differing Amounts in Letter; Dispute Response

Account Recovery

Opportunities Everywhere for Companies in ARM Industry Judge Grants MSJ for Defendant in FDCPA Case Over Differing Amounts in Letter; Dispute Response Debt Totals, Delinquency Rates Keep Climbing, While Accounts Placed with Agencies Declines 23 Companies Seeking Collection Talent RMAI and BBB National Programs Announce New Accountability Service to Enhance Certification Program WORTH NOTING: The […]

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CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam

Consumer Finance

The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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TrueAccord’s Digital-First Engagement Out-Performs Call-and-Collect for National Bank’s Late-Stage Debt Recovery

True Accord

After three decades of providing exceptional customer experience, a leading national bank recognized a lot has changed in the world of personal banking, technology, compliance, and, in turn, debt collection. To continue delivering the level of service their customers expect meant it was time for the bank to update their recovery methods for the new digital age.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Judge Grants MSJ for Defendant in FDCPA Case Over Differing Amounts in Letter; Dispute Response

Account Recovery

A District Court judge in Pennsylvania has ruled that a plaintiff has standing to pursue a Fair Debt Collection Practices Act case in federal court because the plaintiff purchased Tylenol to help deal with symptoms after receiving a collection letter that contained a misleading communication, but granted the defendant’s motion for summary judgment.

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Receivables Management Association International and BBB National Programs Announce New Accountability Service to Enhance the Receivables Management Certification Program

Account Recovery

Sacramento, CA – The Receivables Management Association International (RMAI) and BBB National Programs announced today that, effective March 1, 2024, BBB National Programs will independently administer the Remediation Committee for RMAI’s Receivables Management Certification Program (RMCP).

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How Can You File for Bankruptcy With No Money?

Sawin & Shea

If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy , you need to know how much you should expect to pay for filing fees and other necessary expenses. You may also wonder whether you can file bankruptcy, no money down. The short answer is “yes.” It is possible to file for bankruptcy with no money, but only in very limited circumstances.

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Debt Totals, Delinquency Rates Keep Climbing, While Accounts Placed with Agencies Declines

Account Recovery

Delinquency rates are on the rise. The amount of debt being carried by consumers is on the rise. The number of accounts being placed with third-party collection agencies? That number is on the decline, according to data released yesterday by the Federal Reserve Bank of New York.

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2 ways that declaring bankruptcy can be good for your mental health

Roths Child Law

When it comes to personal finance, bankruptcy is often seen as a last resort for those who are navigating truly unmanageable circumstances. However, amidst the financial turmoil, there lies a silver lining that is often overlooked — the potential positive impact that filing for bankruptcy can have on one’s mental health. Declaring bankruptcy can provide a fresh start and alleviate some of the overwhelming stress factors associated with financial hardship.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Opportunities Everywhere for Companies in ARM Industry

Account Recovery

Las Vegas — Summing up a day’s worth of interactions, conversations, and expert opinions into one word can often be an oversimplification or a marketing gimmick, but if it was a word that was probably one of the most common that was said, it may just also have the benefit of being true.

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CFPB Recupera $12 Millones de Jefes de una Estafa con Alivio de Ejecución Hipotecaria

Consumer Finance

CFPB resuelve apelación en una demanda por $12 millones que tenía tiempo en proceso, contra una operación de estafa con alivio de ejecución hipotecaria.

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Member Spotlight: Knowledge and Connections

NACM

​As a credit manager, you must be able to learn, adapt and make strategic credit decisions. This almost always requires ongoing education and networking with the right people.