Account Recovery

MAY 7, 2025

The Governor of Virginia has signed a medical debt collection bill into law that will place limits on how healthcare debts owed by Virginians are able to be collected. Driving the news: Virginia Governor Glenn Youngkin has signed HB 1725, also known as the Medical Debt Protection Act, into law. The legislation introduces new restrictions on the collection of medical debts, seeking to protect patients from aggressive collection practices and additional financial hardship.

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Collections Healthcare 234

American Profit Recovery

MAY 7, 2025

Calling customers in good times is pretty easy and stress-free for most of us. But calling them when they have not paid their bill is a different type of phone call. While using a collection agency can be a necessary part of your accounts receivable process, it is important for your business to use internal resources to try to resolve a past-due account before sending it to collections.

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Collection Agencies Collections Agency Collections 147

Account Recovery

MAY 7, 2025

The Court of Appeals for the Third Circuit has overturned a summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act because it reported an overdue balance to the credit reporting agencies after receiving notice that the balance was being disputed by the plaintiffs. The background: This case stems from a dispute between the plaintiffs and one of the defendants regarding a vehicle lease.

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Judgment 147

True Accord

MAY 7, 2025

Today TrueAccord Corp. (TrueAccord), a digital-first debt collection agency that is reinventing the collections experience with the use of machine learning technology to help customers resolve their debts, announced it has acquired Sentry Credit, Inc. (Sentry). Through this strategic acquisition, TrueAccord continues to accelerate its industry-leading growth with an expanded client portfolio and the addition of Sentrys first-party collection and litigation services.

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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

MAY 7, 2025

Appeals Court Overturns Ruling in FCRA Dispute Case Virginia Enacts Medical Debt Collection Law CFPB Drops Enforcement of BNPL Regulation 22 Companies Seeking Collection Talent WORTH NOTING:Students may look forward to this time of the year, but parents do not … With the weather getting warmer and more people heading outdoors, here is a list of some handy grilling tools … Ten surprising facts about papal conclaves … Nearly 60% of consumers believe they will never get out of deb

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Collections 147

Account Recovery

MAY 7, 2025

TrueAccord is proud to announce that Katie Neill, its General Counsel & Chief Compliance Officer, has been appointed to the Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI) for the 2025-2027 term. This board is comprised of seven members who provide feedback to the DFPI for its debt collection licensing program.

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Account Recovery

MAY 7, 2025

The Consumer Financial Protection Bureau announced yesterday that it will no longer prioritize enforcement of a Biden-era rule treating Buy Now, Pay Later (BNPL) firms like credit card issuers under the Truth in Lending Act. The CFPB is also considering rescinding the rule entirely, marking another rollback of regulations under the Trump Administration.

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