Wed.Mar 19, 2025

article thumbnail

Judge Grants MTD in FDCPA Case Over Assigned Debt

Account Recovery

We’ve seen this ruling in other jurisdictions, so it’s not necessarily a surprise, but I don’t think we’ve seen a ruling on this type of case in North Carolina yet. A District Court judge there has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act lawsuit on the grounds that the plaintiff lacked standing because he had the claim assigned to him by the individual who actually owed the debt in question.

article thumbnail

Keeping Up with Compliance in a Patchwork of Regulations

True Accord

Debt collection is a complex, evolving industry, and compliance with the myriad of federal, state, and local laws is an ongoing challenge for organizations in the field. These laws create a “patchwork” of rules and regulations that can vary widely depending on the jurisdiction, presenting challenges for those trying to maintain compliance and provide effective, consumer-friendly services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reacting Fast to Payment Intent: How to Win Big This Tax Season

Account Recovery

EDITOR’S NOTE: The following article was written by the team at Prodigal After a slow start, tax refund processing has quickly caught up. By March 7, the IRS had processed 61.8 million returnsjust 1.8% behind last year’s figures. While the average refund amount has decreased slightly from February’s 7.5% year-over-year increase, it still remains 5.7% higher than in 2024, with most consumers receiving around $3,324.

article thumbnail

What Are Creditors’ Rights During Insolvency Proceedings?

Hudson Weir

If your business is struggling to pay its debts when they fall due, its important to keep in mind what are creditors rights during insolvency proceedings? As a director of an insolvent company, your overriding duty moves from maximising profits for the owners to preventing further losses, with creditors repayments in mind. The below is based on technical guidance for official receivers published by the Insolvency Service: What are creditors rights?

article thumbnail

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.

article thumbnail

FCC Seeks Comments on Petition to Address TCPA ‘Quiet Hours’

Account Recovery

The Federal Communications Commission has released a new notice inviting comments on a petition aimed at clarifying and potentially waiving certain provisions of the Telephone Consumer Protection Act related to when calls and text messages can be sent. The background: The petition, filed by the Ecommerce Innovation Alliance (EIA) and other stakeholders, seeks to address ongoing legal concerns regarding the TCPAs Quiet Hours rule, which restricts telemarketing calls and text messages to between 8

130
130

More Trending

article thumbnail

26 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

article thumbnail

Daily Digest – March 19. Judge Grants MTD in FDCPA Case Over Assigned Debt; President Fires FTC Democratic Commissioners

Account Recovery

Judge Grants MTD in FDCPA Case Over Assigned Debt President Fires FTC Democratic Commissioners FCC Seeks Comments on Petition to Address TCPA Quiet Hours 26 Companies Seeking Collection Talent WORTH NOTING:The first step you need to take if you want to save more for your retirement … A lot of people think a recession is on the horizon … A Los Angeles councilwoman wants to make medical debt more transparent … Kentucky has amended its Consumer Data Protection Act … A majori

article thumbnail

President Fires FTC Democrat Commissioners

Account Recovery

President Trump yesterday dismissed the two Democratic commissioners from the Federal Trade Commission Rebecca Slaughter and Alvaro Bedoya as part of his continued push for greater control over independent government agencies. This unprecedented move follows a broader strategy to assert presidential authority over regulators, which has been met with significant pushback from the affected commissioners and some lawmakers.

Trade 130