Account Recovery

DECEMBER 12, 2024

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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Debt collector Education Collections 130

Consumer Finance

DECEMBER 12, 2024

The CFPB released its annual report on trends in the residential mortgage lending market.

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Financial services 90

Account Recovery

DECEMBER 12, 2024

A District Court judge in Mississippi has approved a settlement in a Fair Debt Collection Practices Act class action that will see the defendant pay $14,000 to the plaintiffs and their attorneys. The settlement stems from allegations that the defendant failed to include a validation disclosure in debt collection letters sent to the plaintiff in 2021.

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Fair Debt Collection Debt collector Collections 130

Collection Industry News

DECEMBER 12, 2024

New YorkCNN This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an outplacement services firm.

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Bankruptcy Retail Creditors Collections 40

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

DECEMBER 12, 2024

The latest insights suggest the economic roller coaster may be leveling out, signaling a potential shift in how organizations approach debt management. A moderation in serious delinquencies across lending categories reflects a stabilizing economy, and consumers are finding more room in their budgets to stay current on payments, with economic conditions expected to gradually improve in 2025, according to a forecast released yesterday by TransUnion.

Consumer Credit 130

Consumer Credit Personal loans Debt Management Lender 130

Account Recovery

DECEMBER 12, 2024

CFPB Director Rohit Chopra reiterated during a Senate Banking Committee hearing yesterday that if President-elect Trump wants someone else to run the Bureau when he takes office next month that he is going to have to fire Chopra because the current director has no plans to resign. Catch up fast: Chopra, who was confirmed as CFPB Director in September 2021, emphasized during the hearing his respect for the president’s authority to remove him.

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Banks 130