Account Recovery

MARCH 5, 2024

$500. That is the dividing line between healthcare debts that are likely to be paid and those that are not, according to a report released last week. What’s interesting is that is also the demarcation line between debts that appear on consumers’ credit reports and those that do not.

Healthcare 147

Healthcare Collections 147

UK debt collections

MARCH 5, 2024

UK Business insolvency could increase by 10% this year, according to research by Allianz. The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion in Europe. This is compared to 14% in France, 9% in Italy, and 7% in Germany. Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs.

Construction 93

Construction Manufacturing Retail 93

Account Recovery

MARCH 5, 2024

FDCPA Suit Accuses Defendant of Furnishing Incorrect Information, Leaving Plaintiff Unable to Find Place to Live Judge Certifies Class in FDCPA Suit Over Post-Judgment Interest CFPB Denies Petition to Set Aside CID Filed by Bankrupt Company Report Notes Dividing Line Between Healthcare Debts That Will Be Paid and Those That Won’t WORTH NOTING: How to […]

Judgment 147

Judgment Healthcare 147

True Accord

MARCH 5, 2024

Today’s current economic climate is already influencing consumer spending and credit in 2024, and is becoming a hot topic for businesses seeking to engage past-due customers. Economic Growth in 2023, But Slowdown Expected in 2024 Last year proved that the US consumer has been very resilient to the rumblings of a potential recession and continued to spend with surprising growth all the way through the end of 2023.

Consumer Credit 86

Consumer Credit Student loans Student Loans Collections 86

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.

Account Recovery

MARCH 5, 2024

A District Court judge in Michigan has certifies a class in a Fair Debt Collection Practices Act case accusing a collection law firm of charging excessive post-judgment interest on dozens of debt collection lawsuits across the state. The Background: The plaintiffs were each sued by the defendants for unpaid debts.

Judgment 130

Judgment Fair Debt Collection Law Firms Collections 130

Account Recovery

MARCH 5, 2024

The Consumer Financial Protection Bureau has denied a petition from a company to modify or set aside a Civil Investigative Demand, ruling that the company did not file its request in a timely manner, but even if it has, the Bureau does have authority over the company, that the questions about the CFPB’s funding structure […]

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130

Taurus Collect

MARCH 5, 2024

Navigating the financial challenges of running a startup can be a daunting task, especially when it comes to managing receivables. In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money. This model not only alleviates the financial pressure on emerging businesses but also ensures that debt collecting in the UK becomes a more accessible process.

Startups 52

Startups Collections Debt Recovery Collection Agencies 52

Account Recovery

MARCH 5, 2024

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Troutman Sanders

MARCH 5, 2024

We discussed the Consumer Financial Protection Bureau’s (CFPB or Bureau) credit card late fee proposed rule here 13 months ago, and today, the Bureau announced that it has finalized the rule (Final Rule) setting a safe harbor amount for late fees at $8 and eliminating the annual inflation adjustments to that safe harbor amount, for larger card issuers.

Collections 52

Collections 52

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Collections

NACM

MARCH 5, 2024

NACM's Professional Certification Program provides credit professionals with an important tool to gain a fresh outlook on the traditional role of credit—education. And what better way to progress in your career than to challenge yourself through learning?With six different levels, the certification program dives into deeper understandings of c.

Education 5

Education 5