Thu.Mar 07, 2024

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Getting to Know Amanda Gazos of Bayview Solutions

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.

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Small Business late payment costing SMEs £1.6Bn

UK debt collections

Small Business Late Payment and the cost of such has more than doubled in the past two years, reaching £1.6 billion at the end of 2023, according to a report by Xero. The latest quarterly data shows small firms were paid, on average, 6.1 days late during the last three months of 2023. This figure shows no signs of improving, with the average payment still received over a working week beyond the agreed terms.

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Daily Digest – March 7. Getting to Know Amanda Gazos of Bayview Solutions; Judge Grants MSJ for Defendant in FDCPA Case Over Non-Removal of Dispute Flag

Account Recovery

Getting to Know Amanda Gazos of Bayview Solutions Judge Grants MSJ for Defendant in FDCPA Case Over Non-Removal of Dispute Flag Nigerian Tech-Focused Collection Platform Raises $3M to Help Expand Delinquency Rates Keep Rising, Close to Pre-Pandemic Levels WORTH NOTING: Here is the best way to organize your fridge … Have you heard of oil […]

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Changes to the Bert Harris Act – When Government Action Devalues Your Property

Jimerson Firm

The Bert Harris Act was enacted in 1995 by the Florida Legislature in response to concerns that governmental regulations and actions could unfairly diminish the value of private property without providing just compensation to the property owners. See Section 70.001, Florida Statutes. The Act addresses situations that may not rise to the level of a “Taking” under the Florida Constitution or the U.S.

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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.

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Delinquency Rates Keep Rising, Close to Pre-Pandemic Levels

Account Recovery

More consumers continue to fall behind on their debt payments and are likely going to be in that situation for a while because of the amount of debt they are carrying from month-to-month, according to data released last week by VantageScore.

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Judge Grants MSJ for Defendant in FDCPA Case Over Non-Removal of Dispute Flag

Account Recovery

A District Court judge in Michigan has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to sue because he did not suffer a concrete injury.

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Instant Decline, Instant Relief? Unpacking the CFPB’s Proposed Rule on NSF Fees

Troutman Sanders

In this episode of Payments Pros, co-hosts Keith Barnett and Carlin McCrory discuss the Consumer Financial Protection Bureau’s (CFPB) latest proposed rule. This rule aims to prohibit covered financial institutions from charging consumers nonsufficient funds (NSF) fees on transactions that are declined instantaneously or near instantaneously. The CFPB believes this rule will benefit consumers who would otherwise incur NSF fees, potentially leading their accounts to drop to zero or below zero.

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Nigerian Tech-Focused Collection Platform Raises $3M to Help Expand

Account Recovery

Even in places like Nigeria, artificial intelligence-driven tools and building robust self-service portals to allow consumers to pay debts, set up payment plans, and more are being used in debt collection.

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Navigating the SEC’s Whistleblower Enforcement Wave: A Guide for Financial Institutions

Troutman Sanders

In this episode of The Consumer Finance Podcast , Chris Willis is joined by Partners Sheri Adler and Mary Weeks to discuss the recent uptick in SEC enforcement activity related to whistleblowers. They focus on the implications for financial institutions and other companies, particularly those targeted by the SEC for documents potentially restricting whistleblowers from reporting violations of securities laws.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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5 Ways To Get Your Customers To Pay On Time

Taurus Collect

If you are having any issues with getting customer to pay on time, check out these 5 sure-fire ways to help you get paid quickly.

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CFPB Director Rohit Chopra’s Letter to the Appraisal Subcommittee

Consumer Finance

A letter written by Director Rohit Chopra to the Appraisal Subcommittee.

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