Collection Industry News

FEBRUARY 28, 2025

Landlords are turning to a hardball tactic to go after their tenants in rent disputes: tanking their credit scores. When David Murray moved out of his St. Louis apartment two months early, he thought he had settled up by giving notice. So when he received a bill for $4,500 for two months rent plus penalties, he assumed there was a mistake. Then hiscredit scorefell from a near-perfect 815 to a low of 630.

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Enterprise Recovery

FEBRUARY 28, 2025

By mastering cash flow management, businesses can avoid the pitfalls of cash shortages, which can lead to operational disruptions and missed opportunities. Optimizing working capital, a key component of cash flow management, can significantly enhance your business's ability to thrive in a competitive market. Proper management of working capital and cash flow means your business has the necessary liquidity to cover short-term expenses, invest in growth initiatives, and seize new market opportunit

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Account Recovery

FEBRUARY 28, 2025

EDITORS 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? Call (855) WEB-RECON or email admin@webrecon.net today!

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Qualco

FEBRUARY 28, 2025

In modern debt management , technology is no longer just an enabler it's a necessity. The question isn't whether you need a powerful collections platform but rather whether you should build one in-house or adopt a market-ready solution. Many organisations still rely on legacy in-house systems , customised over time to meet their needs. However, as business demands grow, regulations shift, and technology advances , these systems often become costly to maintain, difficult to scale, and slow to ada

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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

FEBRUARY 28, 2025

A District Court judge in Washington has granted a defendant’s motion to dismiss and denied a plaintiff’s motion for sanctions in a Fair Debt Collection Practices Act case over a second collection letter and dispute passing each other from one party to the other. The background: This case stems from a dispute between a consumer and a debt collector.

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Account Recovery

FEBRUARY 28, 2025

I came to the realization about midway through yesterdays Senate Banking Committee hearing vetting four nominees for posts in the federal government, including Jonathan McKernan to be the next director of the Consumer Financial Protection Bureau that the best use of the hearing was not to hear the viewpoints and objectives of the nominees because they largely refused to say anything but to serve as a drinking game.

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Account Recovery

FEBRUARY 28, 2025

Was it a coincidence that the Consumer Financial Protection Bureau chose to dismiss five lawsuits it had filed against companies under the previous administration at the same time that its nominee to be the next director was having his confirmation hearing? The world may never know. Regardless, the Bureau did drop five enforcement actions it had launched, one of them going back as far as 2023.

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