Wed.May 24, 2023

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Judge Artfully Dismisses FDCPA Suit Over Receipt of Verification Letter

Account Recovery

Reading as many rulings from judges as I do, you tend to appreciate those with some style and Judge Michael T. Liburdi of the District Court for the District of Arizona definitely has some style.

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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Predicting the future credit landscape is always difficult for companies, even in the best of times. However, it is clear that the quality of available data and the way it is delivered and used will determine this future picture. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks.

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CFPB Fines Bank $9M For Failing to Properly Manage Credit Card Disputes, Fraud Claims

Account Recovery

The Consumer Financial Protection Bureau yesterday announced a $9 million settlement with Citizens Bank over a lawsuit that was filed in 2020 accusing the financial services giant of failing to properly manage disputes and fraud claims filed by the bank’s credit card customers.

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What is the Bankruptcy Means Test?

Sawin & Shea

Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess. Briefly, unsecured debts are not backed by any collateral. Unlike car and home loans, unsecured debt means that creditors aren’t able to reclaim property if you default. Credit card and medical debt are examples of unsecured debt.

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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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RCM Provider to Pay $550k to Settle Data Breach Enforcement Action

Account Recovery

The Attorney General of New York has settled an enforcement action against a revenue cycle management company that will see the company pay $550,000 in fines and penalties after it was accused of failing to protect the personal information of individuals that lead to a ransomware cyberattack which affected more than 1.

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Daily Digest – May 24. Judge Artfully Dismisses FDCPA Suit; CFPB Fines Bank $9M

Account Recovery

JUDGE ARTFULLY DISMISSES FDCPA SUIT OVER RECEIPT OF VERIFICATION LETTER Reading as many rulings from judges as I do, you tend to appreciate those with some style and Judge Michael T. Liburdi of the District Court for the District of Arizona definitely has some style.

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A career in Credit Management – Chris Hardman MCICM

CICM

We spoke to the Chartered Institute of Credit Management’s North West Branch Chair, Chris Hardman MCICM, about his career in Credit. Chris started out in college, studying engineering, and fell into finance. When Chris was approached by the operations director at his organisation about the trouble with their collections, his chance to ‘have a go’ at a role, turned into his lifelong career.

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19 Companies Seeking Collection Talent

Account Recovery

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.

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A career in Credit Management – Chris Hardman MCICM

CICM

We spoke to the Chartered Institute of Credit Management’s North West Branch Chair, Chris Hardman MCICM, about his career in Credit. Chris started out in college, studying engineering, and fell into finance. When Chris was approached by the operations director at his organisation about the trouble with their collections, his chance to ‘have a go’ at a role, turned into his lifelong career.

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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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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Predicting the future credit landscape is always difficult for companies, even in the best of times. However, it is clear that the quality of available data and the way it is delivered and used will determine this future picture. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks.

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Choosing the Best Debt Collection Software Company: Key Considerations for Success

Collection Industry News

Introduction: Debt collection is a critical aspect of many businesses, and leveraging the right debt collection software can significantly streamline and optimize the process. With numerous debt collection software companies in the market, selecting the best one for your business can be a daunting task. In this article, we will explore the key considerations to help you choose the best debt collection software company that aligns with your business needs and goals. 1.

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Member Spotlight: CCE Designation of Excellence

NACM

NACM's Designation of Excellence Awards were created to honor designation holders at four distinct levels: the CBA, CBF, CCRA and CCE. Each recipient must have an unrelenting pursuit of excellence through enhanced and improved knowledge. Equally important is the desire to share that knowledge through speaking, teaching or mentoring.

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