Account Recovery
JUNE 1, 2023
A District Court judge in California has denied a motion to dismiss filed by a collection operation in a Fair Debt Collection Practices Act case on the grounds that furnishing information about a debt to a credit reporting agency constitutes debt collection activity, but did grant motions to dismiss for two officers of the operation …
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® or VantageScore 4.0®.
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Account Recovery
JUNE 1, 2023
The Indiana Court of Appeals has reversed a lower court’s summary judgment ruling in favor of a defendant in a Fair Debt Collection Practices Act case, determining that the defendant should not have been allowed to invoke the FDCPA’s bona fide error defense. A copy of the ruling in the case of Rockey v.
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. An ACH transfer is an electronic method of moving money from one bank to another via the Automated Clearing House (ACH).
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
JUNE 1, 2023
The Consumer Financial Protection Bureau yesterday announced a consent order with OneMain Financial that will see the company pay $20 million in fines and restitution to consumers after it was accused of deceiving borrowers into signing up for additional products and failing to refund interest charges for 25,000 customers.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 1, 2023
GETTING TO KNOW JOSE GIRON OF STATE COLLECTION SERVICE Has there anyone who ever got their start in the industry by negotiating a great settlement with a debt collector? Talk about being born to do something.
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. The primary credit scoring models are FICO® and VantageScore®, and both are equally accurate. Although both are accurate, most lenders are looking at your FICO score when you apply for a loan.
Account Recovery
JUNE 1, 2023
Has there anyone who ever got their start in the industry by negotiating a great settlement with a debt collector? Talk about being born to do something.
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. A score of 850 is the highest credit score possible, and to achieve it you need a great credit payment history, low credit utilization rate, and credit lines that have been open for many years.
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Account Recovery
JUNE 1, 2023
Harnessing the power of Skit.ai’s Conversational Voice AI solution, Eagle Accounts Group Inc. saw a remarkable rise in agent productivity, collections, connectivity, and business expansion. New York, NY (June 1, 2023) – Skit.
Fico Collections
JUNE 1, 2023
Home Blog Feed test Artificial Intelligence: From Hollywood to the Mainstream Artificial intelligence has gone from Hollywood concept to an everyday fact. This post explores applications and considerations for AI in financial services. Thu, 06/01/2023 - 09:03 Saxon Shirley by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/01/2023 - 09:00 Up until just a few years ago, artificial intelligence (AI) was something you mainly heard about in movies like 2001: A Space Odyss
Collection Industry News
JUNE 1, 2023
Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. With changing economic landscapes, evolving regulatory environments, and technological advancements, it is essential to explore the growth potential of the debt collection industry. In this article, we will delve into various factors indicating a promising future for the industry and outline the key drivers contributing to its growth.
Fico Collections
JUNE 1, 2023
Home Blog Feed test US Bankcards Industry Benchmarking Trends: 2023 Q1 Update Bankcard delinquencies exceed pre-pandemic levels, higher losses are forecasted ahead Sat, 05/20/2023 - 09:58 Saxon Shirley by Leanne Marshall expand_less Back to top Thu, 06/01/2023 - 15:00 FICO releases quarterly United States Bankcard Industry Benchmarking trends, to catch up on the last quarter click here. 2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts,
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?
BN Lawyers
JUNE 1, 2023
On May 2, 2023, Paul Hammer gave a CLE through Strafford Publications entitled “Chapter 11 First-Day Motions: Continuing Ordinary Operations, Securing Financing, Paying Essential Creditors, and More”. Mr. Hammer was selected to serve on a distinguished panel including attorneys from several AMLAW 100 law firms. A link to the course may be found here.
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Information in this piece is accurate as of June 2023. The best credit cards provide you with cash back rewards, points you can redeem for purchases at your favorite stores, travel miles and much more.
True Accord
JUNE 1, 2023
Outbound calling has been the main mode of collections for decades, but the cost of a call center or in-house full-time employees (FTEs) making calls is no longer justifiable when most consumers simply don’t answer the phone, on top of the mounting compliance restrictions limiting opportunities to call in the first place. But outbound dialing isn’t completely obsolete—digital-first omnichannel strategies can turn traditional call-and-collect operations around by integrating new digital channels
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