American Profit Recovery

SEPTEMBER 8, 2023

Many organizations we encounter have waited far too long to implement a solid debt collection program. Because of this, many businesses suffer negative cash flow and these issues could have been prevented by being proactive with their collection activities. One of the main reasons we see businesses of all sizes hesitate on collection activity is because many feel they will alienate their customers and damage their reputation.

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Collections Bankruptcy Collection Agencies Collections Agency 230

Account Recovery

SEPTEMBER 8, 2023

Complaint Accuses Collector of Continuing to Try and Collect After Plaintiff Says Debt Not Hers Class Action Filed Against CRAs Over $500 Medical Debt Reporting Floor CFPB Calls Out Apple and Google as ‘Choke Points’ in Mobile Payments Minn.

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Collections Creditors 147

NCBA Law Practice Management Blog

SEPTEMBER 8, 2023

Law firms have quite a few options for getting their first, or a revised, website built (rebuilt). So, if it’s time to formalize ( reformalize ) your web presence, your website still needs to be the anchor – let’s talk over some courses of action. The most obvious option for design ing a website is doing it yourself (DIY); but, let’s be real – even if you’re the best website designer in the world, you still don’t want to do it.

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Law Firms Lawyers Creditors 59

Account Recovery

SEPTEMBER 8, 2023

EDITOR’S 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?

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Collections 130

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.

Troutman Sanders

SEPTEMBER 8, 2023

In Hansen v. Mountain America Federal Credit Union , the plaintiff became delinquent on a credit card account with her credit union. The credit union then assigned the debt to a third-party collection agency. Following the assignment, the collection agency opened its own tradeline for the debt, while the credit union also continued to report the debt.

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Original Creditor Collection Agencies Collections Agency Credit Unions 59

NACM

SEPTEMBER 8, 2023

?️ On today's episode of NACM's Extra Credit podcast:⚖️ Subchapter V small business bankruptcies are up 43% year-over-year in August, the 13th consecutive month of increase. This upward trend is likely to continue through the rest of the year and beyond.

Bankruptcy 5

Bankruptcy 5

Account Recovery

SEPTEMBER 8, 2023

It might not seem terribly relevant to how you collect right now, but the next generation of payments is already out there and becoming more popular, which probably explains why the Consumer Financial Protection Bureau is starting to pay attention and make some waves.

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Collections 130

Account Recovery

SEPTEMBER 8, 2023

The Minnesota Department of Commerce has assessed a $10,000 fine against a creditor — but stayed $2,500 of the penalty — for engaging in unlicensed debt collection activity in violation of state law. A copy of the consent order with CreditNinja can be accessed by clicking here.

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Creditors Collections 130