Account Recovery
JANUARY 10, 2024
DALLAS, TX, and MOUNTAIN VIEW, CA, January 10, 2024 – Solutions by Text (SBT), the enterprise messaging and payments platform for consumer finance businesses, today announced its partnership with Prodigal, the pioneer of AI-powered consumer finance intelligence.
Consumer Finance
JANUARY 10, 2024
The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports, as well as sloppy credit file sharing practices.
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Account Recovery
JANUARY 10, 2024
The Utah Court of Appeals has overturned the dismissal of a Fair Debt Collection Practices Act case against a collector that was sued for obtaining default judgments against a pair of plaintiffs on the grounds that it was not licensed properly in Utah when it filed the collection lawsuits and obtained the judgments, ruling the […]
True Accord
JANUARY 10, 2024
2023 brought a whirlwind of an economy, and we spent most of the year trying to predict when things would finally turn around. The good news is that things are looking up, and so are consumer sentiments on their financial outlook. Despite the optimism, consumers are still battling high prices and interest rates, though the holiday shopping numbers would make you think otherwise.
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.
Account Recovery
JANUARY 10, 2024
The company automated inbound consumer calls with Skit.ai’s solution, reporting a remarkable 10X return on the investment in Voice AI technology. NEW YORK, NY (January 11, 2024) – Skit.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 10, 2024
The Governor of New Jersey yesterday called for the expansion of a program the purchases and forgives the medical debt of state residents while also asking the state legislature to enact a series of laws to keep families from “being caught in a medical debt trap” by making medical bills more clear and transparent. Gov.
Credit Corp
JANUARY 10, 2024
Federal tax brackets are specific taxable income ranges that dictate what your tax rate is. There are different filing types and different ranges for each one, so to determine your federal tax bracket, you must first know if you’re filing as single, married filing jointly, married filing separately or head of household. The details of tax bracket income ranges can change annually, so if you’re at the lower or upper end of a range, it’s a good idea to pay attention.
Account Recovery
JANUARY 10, 2024
The California Department of Financial Protection and Innovation yesterday announced an enforcement action against an online lending platform that failed to disclose the existence of convenience fees to borrowers making payments online or over the phone when the customers entered into the agreement with the lender.
Credit Corp
JANUARY 10, 2024
In 2023, mortgage rates were up year over year—a trend that continued from 2021. Rising rates from 2021 through 2023 were due to rate hikes introduced by the Federal Reserve as part of economic strategies to try to combat inflation. Since current mortgage rates can be a huge factor in your ability to get a mortgage and the total cost of owning a home over time, prospective home buyers should educate themselves on this topic.
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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.
Account Recovery
JANUARY 10, 2024
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.
Prosperity Now
JANUARY 10, 2024
As part of the Bill and Melinda Gates Foundation’s Economic Mobility & Opportunity (EMO) program, Prosperity Now is seeking a research organization to conduct policy research on the impact of the passage and implementation of key job quality legislation on small- to medium-sized businesses (SMBs) with employees. The ultimate goal for this research is to support the movement to scale good jobs, the state legislation needed to scale access to good jobs, and the systems-level change that can en
Account Recovery
JANUARY 10, 2024
Utah Appeals Court Overturns Dismissal of FDCPA Suit Related to State License DFPI Fines Lender for Failing to Disclose Convenience Fees N.J.
Collections Law
JANUARY 10, 2024
Securing a judgment for a debt and actually getting paid are two different things. However, if your debtor owns property in Massachusetts, your company has an edge on collecting the money that is owed to you. At Law Offices of Alan M. Cohen & Associates LLC, our debt collection attorneys practice ethical and relentless debt collection. We use every remedy allowed to us by the laws in Massachusetts to recover debts and overdue payments on behalf of our clients.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
FFGN COLLECT NY
JANUARY 10, 2024
On Tuesday, January 9, New York Governor Kathy Hochul delivered the 2024 State of the State address, discussing certain changes that will affect debt collection within the state. Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. To accomplish this goal, the governor’s office has proposed a crackdown on predatory business practices within the state.
Taurus Collect
JANUARY 10, 2024
Navigating the terrain of unpaid business debts can be a formidable challenge for many businesses. In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service. This model ensures that you only pay if the agency successfully retrieves your debts.
Troutman Sanders
JANUARY 10, 2024
In this episode of Payments Pros, Keith Barnett and Carlin McCrory discuss the Consumer Financial Protection Bureau’s (CFPB) fall supervisory highlights, focusing on “junk fees.” The report covers examinations in areas of deposits, auto servicing, and remittances completed between February and August 2023. The recent report reveals that their efforts have resulted in institutions refunding more than $140 million to consumers.
Taurus Collect
JANUARY 10, 2024
Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. The rules and regulations are intricate, and straying outside the lines can lead to serious consequences. This blog post aims to shed light on UK commercial debt collection laws and regulations. Whether you’re a seasoned business owner or new to the game, understanding these laws can assist in maintaining your business’s financial health while ensuring legal compliance.
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Collection Industry News
JANUARY 10, 2024
Jan 19 (Reuters) – Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs. After more than a year of booking strong profits on the back of the high interest they were able to charge on loans, banks are contending with a string of challenges heading into 2024, including weaker loan growth and potentially tougher capital rules.
NACM
JANUARY 10, 2024
Credit professionals are first and foremost risk mitigators. They have to make credit decisions based on risk factors and must be knowledgeable about business and credit law to minimize risk. By earing the Credit Business Fellow (CBF) designation through NACM's six-level Professional Certification Program, credit professionals.
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