Fri.May 12, 2023

article thumbnail

What Happens when Business Debt Goes to Collections?

Enterprise Recovery

Debt collections may not be the most enjoyable part of back office operations, but it's absolutely necessary. Unfortunately, some of your business clients will miss a payment or more due to various reasons. If you've signed an agreement and fulfilled your part, they still owe you. What happens when business debt goes to collections?

article thumbnail

Judge Dismisses FDCPA Suit Over Post-Judgment Communications

Account Recovery

A District Court judge in Pennsylvania has dismissed a plaintiff’s Fair Debt Collection Practices Act suit on his own, without even needing a motion from the defendant, ruling the plaintiff’s attempt to sue the defendant after it obtained a default judgment is “not plausible.” A copy of the ruling in the case of Grooms v.

Judgment 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Payments Automation: Everything You Need to Know

Payment Savvy

Payment automation solutions have transformed the way businesses handle their accounts payable departments. With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. In this article, we will look at the benefits and features of automated payment systems, how they work, and how to choose the right one for your business.

52
article thumbnail

CFPB Makes Case to SCOTUS Why Funding Structure is Constitutional

Account Recovery

The Consumer Financial Protection Bureau has fired its opening salvo in defense of its funding structure, arguing in its brief to the Supreme Court that the ruling from the Court of Appeals for the Fifth Circuit was “flawed” and “has no support in text, history, or precedent” and should be overturned.

article thumbnail

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.

article thumbnail

The British Credit Awards Event has been shortlisted for TWO awards!

CICM

It’s always an honour to be recognised for hard work and dedication, and that’s why we are thrilled to share the news that our British Credit Awards event has made the shortlist for two prestigious awards! Our industry flagship event has been nominated for The Best Celebration Event of the Year at The 2023 Memcom Excellence Awards and Best Development of an Existing Award at The 2023 Awards Awards.

More Trending

article thumbnail

Clean Data: What It Is and Why It Matters

NACM

? On today's episode of the Extra Credit podcast. hear from Penny Jeter, CBF; Darrell Horton; and JoAnn Malz as they discuss the importance of clean data in the credit industry.

5
article thumbnail

Daily Digest – May 12. Suit Accuses Collector of Trying to Recover Settled Debt; Judge Dismisses FDCPA Suit Over Post-Judgment Communications

Account Recovery

SUIT ACCUSES COLLECTOR OF TRYING TO RECOVER SETTLED DEBT The Fair Debt Collection Practices Act is a strict liability statute, which can sometimes put collectors into legal hot water when they attempt to collect on a debt they think is valid, but it’s actually not.

article thumbnail

Suit Accuses Collector of Trying to Recover Settled Debt

Account Recovery

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?

130
130