American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Cash flow is the backbone of any size business and positive cash flow keeps a business healthy and strong. It allows for consistent operations, a healthy bottom line, meeting the needs of your workforce and the confidence to know that you have the resources to grow if needed.

Collections 204

Collections Acquisition Collection Agencies Collections Agency 204

Account Recovery

MARCH 13, 2024

NORFOLK, Va., March 12, 2024 — PRA Group, Inc. (Nasdaq: PRAA) (“PRA Group” or the “Company”), a global leader in acquiring and collecting nonperforming loans, announced today the appointment of Glenn Marino to the Company’s Board of Directors (the “Board”), effective March 15, 2024. Marino brings 30+ years of experience in the consumer finance industry to the PRA Group Board.

Loans 147

Loans Collections 147

UK debt collections

MARCH 13, 2024

In the United Kingdom, an intriguing scenario has surfaced within the UK’s debt collection sector and the infamous Martin Lewis. This involves the controversial activities of a UK Debt Collection company, Barratt Smith Brown, who have been accused of sending emails with a signature resembling that of the globally renowned late pop singer, Michael Jackson.

Collection Companies 90

Collection Companies Collections Debtor Creditors 90

Account Recovery

MARCH 13, 2024

Judge Grants MSJ For Defendant in FCRA Reasonable Investigation Case Bill Introduced in RI to Limit Collection Activity, Ban Credit Reporting, on Medical Debt Report Ranks States Based on Consumer Debt Litigation Benchmarks 26 Companies Seeking Collection Talent Jessica Klander Elected Chief Operating Officer of Bassford Remele WORTH NOTING: Curious how much electricity it takes […]

Collections 147

Collections 147

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.

Sawin & Shea

MARCH 13, 2024

If you’re considering bankruptcy, you may wonder which filing type is right for you. The two basic types of bankruptcy classifications for individuals and families are Chapter 7 and Chapter 13. A common question we receive regarding these forms is whether you can reaffirm a debt during the process. Fortunately, we’re here to answer frequently asked questions regarding reaffirmation agreements and reaffirmed debt.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Troutman Sanders

MARCH 13, 2024

Consumer reporting dominates complaints to the Consumer Financial Protection Bureau (CFPB), according to a new report. The Congressional Research Service (CRS), a nonpartisan shared staff to congressional committees and Members of Congress, issued a report discussing the CFPB’s consumer complaint process and public database. Their review of the consumer complaints submitted to the CFPB in fiscal year 2023 revealed that the significant majority (over 80%) were related to credit reporting.

Collections 52

Collections 52

Account Recovery

MARCH 13, 2024

Not looking to stay on the sidelines, a member of the Rhode Island legislature has introduced a bill that would cap the interest rate that can be charged on unpaid medical debt while also banning healthcare providers from reporting information about medical debts to the credit reporting agencies.

Healthcare 130

Healthcare Collections 130

Collection Industry News

MARCH 13, 2024

The Federal Reserve on Wednesday held interest rates steady as expected and signaled it still plans multiple cuts before the end of the year. Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%, where it has held since July 2023.

Banks 40

Banks Collections Bankruptcy 40

Account Recovery

MARCH 13, 2024

The National Center for Access to Justice has released a report and created a benchmark index that ranks each of the 50 states “on their adoption of best policies promoting fairness in consumer debt litigation” and reached the conclusion that “no state should consider that its work reforming consumer debt litigation is done.” Washington, D.C.

Collections 130

Collections 130

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Collections

Micro Bilt

MARCH 13, 2024

Find out how alternative credit can benefit your alternative financial service institution today

Financial services 40

Financial services 40

Account Recovery

MARCH 13, 2024

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.

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Micro Bilt

MARCH 13, 2024

Wire and ACH transfers have a lot in common, but don’t be fooled. Learn why here.

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NACM

MARCH 13, 2024

Since the early 2000s, artificial intelligence has revolutionized business, creating new roles and boosting productivity. However, its lack of human elements like creativity and emotional intelligence has increased the demand for workers with specialized skills and knowledge. Through NACM's six-level Professional Certification Program, credit profe.

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Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks