The Kaplan Group

FEBRUARY 4, 2025

The debt collection industry is undergoing a transformative shift, driven by the rapid advancements in artificial intelligence (AI) technology. A new study by The Kaplan Group explores the impact of AI on debt collection, highlighting the key market trends, technological innovations, and operational benefits. Key Takeaway The AI debt collection market is projected to grow at a CAGR of 16.9%, reaching $15.9 billion by 2034.

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Collection Industry News

FEBRUARY 4, 2025

The post Collection Certifications Ads appeared first on Collection Industry News.

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Collections 40

Account Recovery

FEBRUARY 4, 2025

Collector Sued for Not Honoring Refusal to Pay Sent Via Text Treasury Secretary Named CFPB Acting Director, Orders Halt to Enforcement Actions, Rulemaking, Litigation Assessing Chopras Legacy at the CFPB Judge Dismisses FDCPA Claims Against Collection Law Firm Over Jurisdiction Dispute Consumer Financial Stress: A Snapshot of the Struggles and Short-Term Fixes WORTH NOTING: The best password managers to help you stay safe and secure … The Department of Education may be on the chopping bloc

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Law Firms Education Collections 147

Jimerson Firm

FEBRUARY 4, 2025

Jimerson Birr, a Florida-based business law firm, is pleased to announce that Kimberly Killian Law has joined the firm as Group Lead in Banking & Finance , Insurance, Franchising, and Technology Transactional & Corporate Work. Ms. Law brings over a decade of experience as an in-house attorney for major insurance companies and a strong background in commercial litigation to her new role.

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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 4, 2025

EDITORS 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 (855) WEB-RECON or email admin@webrecon.net today!

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Fair Debt Collection Collections 130

Account Recovery

FEBRUARY 4, 2025

Whether you agreed with his decisions or not, it’s the end of an era at the Consumer Financial Protection Bureau. Rohit Chopra was only the third individual to be the Director of the CFPB, following Richard Cordray and Kathy Kraninger. Chopra, who lasted four years in the role, was let go over the weekend and has been replaced on a temporary basis by Scott Bessent, the Treasury Secretary.

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Account Recovery

FEBRUARY 4, 2025

A District Court judge in New York has granted a motion to dismiss filed by a collection law firm that was sued for violating the Fair Debt Collection Practices Act after filing a collection lawsuit in the wrong jurisdiction, ruling that the court lacked personal jurisdiction over the defendant. Judge Orelia E. Merchant of the District Court for the Eastern District of New York issued the ruling, determining that the plaintiff failed to establish sufficient connections between the law firm and t

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Law Firms Collections Fair Debt Collection Creditors 130

Account Recovery

FEBRUARY 4, 2025

Americans are facing mounting financial pressure, and nearly two-thirds of consumers are living paycheck to paycheck, according to a published report. Nearly a quarter of these consumers (24%) are finding it difficult to pay their bills. As living costs continue to rise, many are grappling with immediate survival, juggling bills and prioritizing which obligations to address first.

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