Enterprise Recovery

JUNE 9, 2023

If you've ever struggled with chronic late-paying clients or are silently seething over invoices that were never paid, you're probably considering commercial debt collection. Of course, you're wondering how much it'll cost and if you have time to research it. You may wonder how to escalate an unpaid debt to a collections agency and if they'll damage your client relationships.

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Collections Collection Agencies Collections Agency 156

Account Recovery

JUNE 9, 2023

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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Payment Savvy

JUNE 9, 2023

Starting an online business can be done in one of two ways. Either you can use a third-party platform to host and manage the store for you, or you can own a self-hosted platform over which you have complete control. Of course, using a third-party platform is simpler. The setup and maintenance of the store are taken care of for you. Additionally, there is no need for you to go through the trouble of learning how to create an e-commerce website from scratch.

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Collections 97

Account Recovery

JUNE 9, 2023

The Consumer Financial Protection Bureau yesterday announced its first enforcement action in the area of medical collections, fining a medical debt collector $1.675 million for continuing to attempt to collect on debts that were not substantiated after the consumers filed disputes and for furnishing information abut the debts to the credit reporting agencies.

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Debt collector Collections Financial services 130

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.

Roths Child Law

JUNE 9, 2023

Being prepared for the unexpected is crucial, and most people do this. However, it's rare for someone to plan for bankruptcy, as it's associated with negative aspects, and some people believe they can't experience it - they save and make the right financial moves. As a result, they may not take time to learn about bankruptcy. So, who needs to be informed about bankruptcy?

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Bankruptcy 52

Troutman Sanders

JUNE 9, 2023

On June 7, the Federal Trade Commission (FTC) announced a request for information (RFI) to gain additional insight into how it can optimize joint enforcement with state attorneys general (state AGs) to protect consumers from fraud. The announcement signals a growing trend of cooperation between the FTC and state AGs, which we have also seen between the Consumer Financial Protection Bureau (CFPB) and the state regulators.

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Account Recovery

JUNE 9, 2023

About 20% of consumers have had medical bills sent to a collection agency in the past year, and many of them are not happy with their providers for doing that, according to the results of a nationwide survey.

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Healthcare Collections Collection Agencies Collections Agency 130

CICM

JUNE 9, 2023

What is a Credit Policy? A credit policy is a set of rules that businesses and organisations use to manage the extension of credit to customers and clients. A credit policy is put in place to minimise financial risks and ensure a healthy and stable cash flow for your business or organisation. They are an essential piece of documentation to help you with the effectiveness of your Credit Management.

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Credit Management Collections Government 52

Account Recovery

JUNE 9, 2023

FDCPA CLASS ACTION FILED OVER REQUIRED CONSENT STATEMENT WHEN FILING DISPUTES ONLINE A collector is facing a class-action Fair Debt Collection Practices Act suit for requiring individuals submitting disputes via the company’s website to consent to be communicated with via email and via voice or text messages using an automatic telephone dialing system.

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Fair Debt Collection Collections 130

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Collections

Collection Industry News

JUNE 9, 2023

Introduction: For collection agencies and attorneys, expanding their business and maximizing revenue is a constant pursuit. To achieve sustainable growth and overcome the challenges of debt recovery, partnering with industry associations and organizations can be highly beneficial. In this article, we will explore the advantages of joining the Commercial Collection Agencies of America (CCAA) and how it can help collection agencies and attorneys propel their business growth to new heights. 1.

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Commercial Collection Collection Agencies Collections Agency Collections 40