Account Recovery

FEBRUARY 27, 2025

A new report from community finance platform SoLo reveals that living paycheck to paycheck is no longer confined to lower-wage earners. Despite earning respectable salaries some well into six figures many middle-class Americans find themselves short of ready cash to handle unplanned expenses. SoLo surveyed 2,000 adults and found that one in seven cash-poor Americans earns more than $75,000 a year.

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Collections Agency Collection Agencies Education Loans 130

PDC Flow

FEBRUARY 27, 2025

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Heres what debt collection experts David Kaminski, Partner at Carlson & Messer LLP, Kelly Parsons-OBrien, President at Pacific Credit Services, and Mike Chee

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Collections Debt collector Debtor Fair Debt Collection 52

Account Recovery

FEBRUARY 27, 2025

A District Court judge in Maryland has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case that centers over the language used by the plaintiff and whether it constituted a dispute of the debt or not. The background: The plaintiff received a debt collection letter from the defendant, a law firm retained by a credit union to collect on an unpaid debt of $10,511.29.

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Credit Unions Credit Unions Fair Debt Collection Law Firms 130

Collection Industry News

FEBRUARY 27, 2025

DETROIT Nikola Corp. an auto startup that was once a favorite of Wall Street analysts and retail investors filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. Nikola said Wednesday that it plans to pursue an auction and sale process of its assets, pending court approval. The company said it has approximately $47 million in cash to fund its bankruptcy activities, implement the sale process and exit Chapter 11.

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Bankruptcy Startups Acquisition Retail 40

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account Recovery

FEBRUARY 27, 2025

For those who think the Consumer Financial Protection Bureau’s pendulum has swung too far in one direction, the song being sung by Jonathan McKernan during his prepared remarks before the Senate Banking Committee today at his nomination hearing to be the Bureau’s next director will feel like listening to a greatest hits anthology. McKernan will say that the Bureau has “pushed beyond the limits of its statutory authority,” “seized opportunities to expand its jurisdic

Banks 100

Banks 100

Account Recovery

FEBRUARY 27, 2025

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

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Manufacturing Collections Agency Collection Agencies Collections 130

Account Recovery

FEBRUARY 27, 2025

Getting to Know Charity Hop of Meduit McKernan: CFPB Suffers from a Crisis of Legitimacy Judge Grants MSJ for Defendant in FDCPA Case Over Whether Plaintiff Disputed Debt Paycheck Pinch: How Even Six-Figure Earners Are Feeling the Squeeze WORTH NOTING: How far would you go to avoid paying baggage fees on a flight? Looking back on the best films of Gene Hackman (Lex Luther or Norman Dale, in my opinion), who died overnight Its not just egg prices that are rising in the grocery store these days

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