Thu.May 15, 2025

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Are You a Consumer Struggling with Debt? Take Control with These Proven Strategies

American Profit Recovery

If you are a consumer struggling with ongoing debt and a mountain of unpaid bills, please know there is hope. There are effective ways to tackle the stress of debt. If you have decided that enough is enough and you are ready to be disciplined and become financially healthy, sometimes some simple and consistent strategies can make a big difference in your life.

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Florida Updates Collection Law to Allow Overnight Emails to Consumers

Account Recovery

The Florida Legislature has passed a bill that would allow collectors to communicate with consumers via email outside of the normal 8 a.m. to 9 p.m. window, noting that the channel is “less invasive and less disruptive” than telephone calls. 🧾 What happened: On April 29, the Florida House of Representatives voted unanimously (116-0) to pass Senate Bill 232 (SB 232), updating the states Consumer Collection Practices Act (FCCPA).

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Millions of Student Loans in Debt Collection, How Did We Get Here?

True Accord

Youve seen the headlines the federal government last week resumed collecting defaulted student loan payments from millions of people for the first time since the start of the pandemic. And howdebt collection will be through a Treasury Department program that withholds payments through tax refunds, wages and government benefits. This will undoubtedly have negative effects on credit scores and the resulting loss of access to funding going forward for many Americans.

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Daily Digest – May 15. Getting to Know Cheryl Spanier of Medical Data Systems; Florida Updates Collection Law to Allow Overnight Emails to Consumers

Account Recovery

Getting to Know Cheryl Spanier of Medical Data Systems Florida Updates Collection Law to Allow Overnight Emails to Consumers Pennsylvania Court Affirms Remote Testimony in Debt Collection Dispute CFPB Pulls Plug on Data Broker Rule WORTH NOTING:The origin story of the word “radar” … For those of you looking for marriage advice from John Cena … The best credit cards to maximize rewards … More people are planning to go on vacation this summer than last year, in what c

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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FTC Action Leads to Court Order Halting Phantom Debt Collection Scheme That Took Millions from Consumers and Threatened Consumers’ Credit, Homes, and Employment

Collection Industry News

As result of FTC lawsuit, federal court issues temporary restraining order halting scheme that sent fictitious debt collection notices to consumers nationwide As a result of a Federal Trade Commission lawsuit, a federal court hastemporarily haltedthe operations and frozen the assets of a phantom debt collection scheme and its operators. The scheme has operated under numerous names, including Blackrock Services, Blackstone Legal Group, Capital Legal Services, Quest Legal Group, Viking Legal Servi

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Navigating Bad Faith Claims: What Defense Attorneys Need to Know

Fraser

Under the Michigan Uniform Trade Practices Act, MCL 500.2001 et seq. , an insurer is liable for penalty interest if it fails to timely pay a claim, MCL 500.2006(1). “The purpose of the penalty is to penalize insurers for dilatory practices in settling meritorious claims, not to compensate a plaintiff for delay in recovering benefits to which he or she is ultimately determined to be entitled.

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Getting to Know Cheryl Spanier of Medical Data Systems

Account Recovery

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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CFPB Pulls Plug on Data Broker Rule

Account Recovery

The Consumer Financial Protection Bureau announced yesterday that it is officially withdrawing its proposed rule that would have brought data brokers under the scope of the Fair Credit Reporting Act. The rule, originally proposed in December 2024 under then-Director Rohit Chopra, aimed to reclassify data brokers as consumer reporting agencies and impose stricter standards on the use and sale of sensitive personal information.