Thu.Sep 05, 2024

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Judge Certifies Class in FDCPA Text Opt-Out Case

Account Recovery

A District Court judge in Pennsylvania has granted a plaintiff’s motion to certify a class action in a Fair Debt Collection Practices Act suit where the defendant was accused of sending text messages to the plaintiff after the plaintiff allegedly opted out of receiving texts. The background: The plaintiff filed the lawsuit after receiving text messages from the defendant despite following instructions to opt out.

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What Is Fintech? Understanding the Evolution and Impact on Modern Business

Payment Savvy

The financial industry has changed significantly over the years to adapt to the fast-pacing and extremely technologically advanced world of today. Everything we do, from buying coffee to paying rent and utility bills, has made technology a part of the process. This junction of finance and technology is often called “fintech.” But what is fintech?

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C&R Software Acquires SpringFour, Expanding Reach of Financial Health Solutions

Account Recovery

WARMINSTER, Pa., Sept. 04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solution

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ACH Deposit Meaning and Benefits: Complete Guide

Payment Savvy

You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACH deposit? It’s a way to move money directly from one bank account to another without using paper checks, credit cards, or cash. ACH direct deposits are common.

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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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The States Where Consumers Are Having the Toughest Time Making Ends Meet

Account Recovery

If you are curious what parts of the country are doing better — or worse — financially than others, or if you are looking for a data source to help you develop collection strategies, the Census Bureau’s Household Pulse Survey might be worth a look. For example, the survey includes data on individuals who are having difficulty paying for household expenses, and breaks it down on a state-by-state and metropolitan statistical area basis.

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Getting to Know Michael McCormick of State Collection Service

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

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Republican AGs File Another Lawsuit to Block Student Loan Debt Forgiveness

Account Recovery

Missouri Attorney General Andrew Bailey, leading a coalition of seven states, filed a lawsuit this week against the Biden-Harris Administration’s third attempt at mass student loan forgiveness. This lawsuit, accusing the government of a “cloak and dagger” strategy, comes just days after the Supreme Court upheld a previous ruling against the Administration’s second loan cancellation plan.