Nexa Collect

JUNE 29, 2023

“Buy Now, Pay Later” (BNPL) schemes have gained popularity as an alternative to traditional credit, offering consumers the ability to purchase items immediately and pay for them over time. While these services can be convenient, they also have several potential negative impacts on consumers : Overspending : BNPL schemes can encourage impulsive buying and overspending by creating the illusion that consumers are not actually spending money.

Retail 130

Retail Lender Loans 130

Account Recovery

JUNE 29, 2023

A District Court judge in Nevada has granted a defendant’s motion for judgment on the pleadings in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case involving duplicative entries on the plaintiff’s credit report from a collection agency and a creditor related to the same debt, although the amounts of the debt […]

Fair Debt Collection 130

Fair Debt Collection Collection Agencies Collections Agency Judgment 130

Nexa Collect

JUNE 29, 2023

The use of chatbots in customer service has grown rapidly in recent years due to advancements in AI and natural language processing. However, there are several disadvantages associated with using chatbots for customer service, including: Limited Understanding and Responses : Chatbots operate based on programmed scripts and algorithms. They can struggle with complex or unique queries that are not in their database, which can lead to frustration for customers.

Financial services 100

Financial services Healthcare Collections 100

Account Recovery

JUNE 29, 2023

A District Court judge in Connecticut has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action involving a conflict between the dispute timeline collectors are required to give under Regulation F (30 days from the receipt of the notice, excluding weekends and holidays) and the dispute language required when sending letters […]

Fair Debt Collection 130

Fair Debt Collection Collections 130

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.

True Accord

JUNE 29, 2023

In today’s financial landscape, regulators at both the federal and state level are driving accountability for companies when it comes to data protection and security. We see that with the express requirement in the Gramm-Leach-Bliley Act, or GLBA, Safeguards Rule —which went into effect on June 9, 2023—that organizations have one qualified individual to oversee the information security program, and that the qualified individual provides regular reports to the highest governing body of an organiz

Collections 81

Collections Financial Institution Debt collector Debt Recovery 81

PDC Flow

JUNE 29, 2023

Small business financial management helps business owners, operators and managers know where money is being spent and how much profit is coming in. Without a background in accounting or bookkeeping, it can be hard to know the best way to manage small business finances – or even to understand the common terms, reports and tactics used. This glossary will help you learn more about the vocabulary and best practices of small business financial management.

Startups 58

Startups Retail 58

Account Recovery

JUNE 29, 2023

GETTING TO KNOW ERIC NAIL OF CREDIT & COLLECTION RECOVERY SERVICES JUDGE GRANTS MTD IN FDCPA CASE OVER DIFFERENT DISPUTE DEADLINES IN COLLECTION NOTICE JUDGE GRANTS MJOP IN FCRA, FDCPA CASE OVER DUPLICATIVE TRADELINES HHS FINES RCM PROVIDER $75K FOR DATA BREACH WORTH NOTHING: On the occasion of Domingo German’s perfect game, what are the […]

Collections 130

Collections 130

CICM

JUNE 29, 2023

Many different and sometimes unpredictable factors impact the credit industry. But what key predictions are the experts making right now? Digitisation The credit industry’s digitisation trend will continue, with a greater appetite to embrace AI, machine learning and blockchain. Credit functions will likely continue investing in technology to streamline operations, improve efficiency, and enhance the customer experience.

Lender 52

Lender Credit Management Trade Creditors 52

Account Recovery

JUNE 29, 2023

With answers like the ones he gave, where do you start trying to tell you a little bit about Eric Nail?

Collections 130

Collections 130

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Collections

Qualco

JUNE 29, 2023

Effective communication is critical for successful debt collections in today's fast-paced world. However, relying solely on traditional channels such as telephone calls, printed letters , and SMS is no longer enough. These methods limit your outreach capabilities and fail to adapt to your customers' evolving needs. While telephone calls enable direct communication and customer engagement , they can be intrusive and often unwelcome.

Collections 58

Collections Banks Debtor Debt Management 58