Tue.Nov 05, 2024

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FTC Sues, Gets TRO Against Debt Collector

Account Recovery

The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers. The complaint, filed in the District Court for the Northern District of Georgia, alleges that the agency tricked consumers into paying more than $7.6 million by falsely representing debts and threatening e

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The Ultimate Guide to Loan Management Systems

Qualco

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

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Profits Up at PRA Group as Company Announces Shift to Let More Collectors Work From Home

Account Recovery

PRA Group discussed the strides it has made in expanding its legal collection efforts while also announcing plans to close three of its six U.S. offices while transitioning impacted employees to work-from-home roles or offshore positions during a quarterly conference call with analysts after releasing its third-quarter earnings yesterday. By the Numbers: Legal Collections and U.S.

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Identifying Past-Due Accounts: A Guide for Business Owners and Financial Managers

Burt and Associates

Late payments and past-due accounts can weigh down a business, impacting cash flow, operational efficiency, and overall growth. But how can business owners and financial managers spot these accounts early, understand the reasons behind delinquencies, and take proactive steps? Here’s a practical guide with tips and warning signs that can help you safeguard your accounts receivable and keep your financial health in check. 1.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Five Tax Truths that Uncover the Realities & Challenges LMI Communities Face when Filing Taxes

Prosperity Now

Prosperity Now recently hosted the "Tax Truths: Boosting Financial Well-being for LMI Communities through Accessible Tax Support" webinar in partnership with Change Machine.

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Collector Facing Class Action for Undated MVN, Two Different Dates in Itemization Table

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

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Welsh Businesses seeing rise in Overdue Invoices

UK debt collections

The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the UK’s insolvency and restructuring trade body. Analysis of data provided by Creditsafe shows that 18,360 Welsh businesses had unpaid invoices on their books last month – the highest monthly total of the year so far.

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Judge Denies MTD in FDCPA Case Over Texts Sent to Wrong Individual

Account Recovery

A District Court judge in Texas has denied a motion to dismiss filed by the defendants in a Fair Debt Collection Practices Act and Telephone Consumer Protection Act case, ruling the plaintiff — who received three text messages from one of the defendants that appear to have been intended for someone else — has standing to sue. The background: The plaintiff, who claims no connection to the debt in question, received multiple text messages over a short period intended for an unrelated i

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America’s Hottest Side Gigs Revealed

The Kaplan Group

In recent years, side hustles have gained significant traction as individuals seek additional income streams and entrepreneurial opportunities. A new study by The Kaplan Group examines search trends for various side hustles, the challenges associated with starting these ventures, and the geographic distribution of new business applications across the United States.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Daily Digest – November 5. Collector Facing Class Action for Undated MVN, Two Different Dates in Itemization Table; Judge Denies MTD in FDCPA Case Over Texts Sent to Wrong Individual

Account Recovery

Collector Facing Class Action for Undated MVN, Two Different Dates in Itemization Table Judge Denies MTD in FDCPA Case Over Texts Sent to Wrong Individual FTC Sues, Gets TRO Against Debt Collector Profits Up at PRA Group as Company Announces Shift to Let More Collectors Work From Home WORTH NOTING: A few tips on how to minimize political tension inside the workplace … Why consumers may be pessimistic about the state of the economy even though inflation is cooling … A huge number of e