Tue.Aug 01, 2023

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Judge Denies Motion to Remand FDCPA Case Back to State Court

Account Recovery

In a case that is being defended by the team at Frost Echols, a District Court judge in Florida has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court, ruling the plaintiff’s demand for actual damages in the complaint, coupled with implication of the actual offense that […]

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Are you owed multiple invoices by the same customer? You could be the problem, not them.

Collect More

Stop Supply- why doing so is your best chance to be paid. It always astounds us when we get sent debts to collect which are made up of multiple invoices. If you’re owed more than 5 invoices for the same customer at any one time then this could be why you’re not getting paid. So many businesses think that by doing more work they’re increasing their chances of getting paid but it actually has the opposite effect.

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Voice-Based Payments Growing in Popularity

Account Recovery

I know, I know, you’re still trying to wrap your head around taking payments via Venmo and PayPal, but there is a new form of payment technology that is becoming more popular out there in the world, and it might represent an even bigger opportunity.

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CFPB Sues USASF Servicing for Illegally Disabling Vehicles and for Improper Double-Billing Practices

Consumer Finance

The CFPB filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.

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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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Rural Americans Likely Struggling with Medical Bills: Report

Account Recovery

There is often a lot of analysis that is conducted when building campaigns and collection strategies. One area that maybe should get more attention is the address at which an individual lives, especially when attempting to collect on medical debt.

More Trending

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Daily Digest – August 1. Collector Facing FDCPA Class Action for Including SOL Disclosure in Letter When SOL Had Not Yet Expired; Judge Denies Motion to Remand FDCPA Case Back to State Court

Account Recovery

Collector Facing FDCPA Class Action for Including SOL Disclosure in Letter When SOL Had Not Yet Expired Judge Denies Motion to Remand FDCPA Case Back to State Court Voice-Based Payments Growing in Popularity Rural Americans Likely Struggling with Medical Bills: Report WORTH NOTHING: The lessons we in the United States can learn from the Middle […]

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Dudley Resources – Your Funding Source for Debtor Payments and Settlements

Collection Industry News

Welcome to Dudley Resources, a leading asset recovery solutions provider specializing in unlocking maximum value for various assets. Our comprehensive services cater to businesses dealing with debtor companies or surplus inventory. With over 40 years of industry experience, we have established ourselves as experts in the asset recovery field, delivering tangible results and client satisfaction.

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ARM Industry M&A Report

Account Recovery

Last week, Corporate Advisory Solutions released its second quarter M&A activity report, spotlighting activity in the accounts receivable management industry. A copy of the report is available by clicking here. AccountsRecovery.net asked CAS to provide some context and perspective about the state of M&A activity in the ARM industry.

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Member Spotlight: Designations Spark Passion

NACM

​After dedicating several years in the same career or industry, it can be easy to fall into complacency with the information you have learned over time. NACM's Professional Certification Program provides credit professionals with the tools they need to expand their knowledge and skillsets and caters to those who have a passion for learning somethin.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On July 28, Heartland Tri-State Bank of Elkhart (Heartland) was closed by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of Heartland.

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Eleventh Circuit Overturns Salcedo, Holding that One Text is Sufficient for TCPA Standing

TCPA

In a unanimous en banc decision, the Eleventh Circuit recently held that “a single unwanted, illegal telemarketing text message” is sufficient to allege a concrete injury under the TCPA. Drazen v Pinto, No. 21-10199, 2023 WL 4699939 (11th Cir.

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Eleventh Circuit Overturns Salcedo, Holding that One Text is Sufficient for TCPA Standing

TCPA

In a unanimous en banc decision, the Eleventh Circuit recently held that “a single unwanted, illegal telemarketing text message” is sufficient to allege a concrete injury under the TCPA. Drazen v Pinto, No. 21-10199, 2023 WL 4699939 (11th Cir. July 24, 2023) (en banc).

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