Fri.Apr 07, 2023

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Washington Legislature Passes Credit Repair Bill

Account Recovery

Kudos to the Washington Collectors Association for getting a bill passed through the state legislature that will require credit repair services to obtain written authorization from a consumer prior to communicating with a consumer reporting agency, creditor, or collection agency while also placing other conditions on how credit repair services interact with consumers.

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B2B Debt Collections that Speaks Your Language

Enterprise Recovery

Every industry has its own share of jargon, acronyms, and special terms. There's a level of trust that's gained when a business partner understands your industry or "speaks your language." When companies seek out debt collection agencies that they can trust, they also want to work with those who understand their industry. When a debt collections agency speaks your language, B2B account recovery can be more successful.

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Collector Facing Class Action for Sending Email After 9pm

Account Recovery

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? Call … The post Collector Facing Class Action for Sending Email After 9pm first appeared on AccountsRecovery.net.

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My debtor is collecting on his debts. Can I go after that money?

Collections Law

If you have a judgment against a Massachusetts commercial debtor, it may surprise you to learn that the courts don’t unilaterally enforce judgments. You sill have to collect – and you’re not going to do that with letters and phone calls. It’s even more maddening when your debtor continues to operate, paying bills, ordering new things, and collecting on the debts owed to them.

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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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Appeals Court Affirms $130k Ruling for Plaintiff in FDCPA Case

Account Recovery

Thanks to Barron & Newburger for spotting this … The Court of Appeals for the Sixth Circuit has upheld a ruling for the plaintiff that ordered the defendant in a Fair Debt Collection Practices Act case to pay $51,000 in damages and $88,000 in attorney’s fees after a jury ruled the defendant misrepresented that a … The post Appeals Court Affirms $130k Ruling for Plaintiff in FDCPA Case first appeared on AccountsRecovery.net.

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More Consumers Using BNPL to Help Make Ends Meet: Survey

Account Recovery

Buy Now, Pay Later services were originally intended to be a form of short-term financing, to spread payments out for different types of purchases across a relatively short period of time. But new evidence suggests that more consumers are using BNPL as “lifelines” that help them get by until they receive their next paycheck. A … The post More Consumers Using BNPL to Help Make Ends Meet: Survey first appeared on AccountsRecovery.net.

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Daily Digest – April 7. Collector Facing Class Action for Sending Email After 9pm; Appeals Court Affirms $130k Ruling for Plaintiff in FDCPA Case

Account Recovery

COLLECTOR FACING CLASS ACTION FOR SENDING EMAIL AFTER 9PM A collector is facing a Fair Debt Collection Practices Act class-action lawsuit in a Pennsylvania district court because it allegedly sent an email to the plaintiff after 9pm. More details here. This series is sponsored by WebRecon APPEALS COURT AFFIRMS $130K RULING FOR PLAINTIFF IN FDCPA … The post Daily Digest – April 7.