Account Recovery

DECEMBER 29, 2022

The New York Department of Financial Services yesterday issued its long-awaited debt collection rule amendments, which are scheduled to take effect in 180 days, in late June 2023. Among the amendments are: When sending written notification within five days after the initial communication, collectors must include validation information required under Regulation F, but are not … The post NY DFS Releases Amended Debt Collection Rules first appeared on AccountsRecovery.net.

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American Profit Recovery

DECEMBER 29, 2022

Consumers and the business community should be comforted knowing there has been a consistent industry-wide effort in collections to humanize the process. More and more collection agencies understand the value and critical nature of tactful and respectful communications with consumers. Why is this important for the public to understand? Any business transaction should be conducted by interested parties that can come together.

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Debt collector Collection Agencies Collections Agency Collections 130

Account Recovery

DECEMBER 29, 2022

GETTING TO KNOW MIKE BRUNKEN OF NETTEL USA There are people who are born into the ARM industry. There are people who fall into the ARM industry because they need a job. And then there are people like Mike Brunken, who was offered a position, did his research, chose to start working in the ARM … The post Daily Digest – December 29. Getting to Know Mike Brunken of Nettel USA; NY DFS Releases Amended Debt Collection Rules first appeared on AccountsRecovery.net.

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Collections 244

Nerd Wallet

DECEMBER 29, 2022

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article What Travelers Want Instead of COVID-Related Travel Insurance originally appeared on NerdWallet.

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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

DECEMBER 29, 2022

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Mike Brunken of

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Accounts Receivables Management 244

Account Recovery

DECEMBER 29, 2022

The Attorney General of Washington is working with a member of the state legislature to introduce legislation aimed at curbing illegal robocalls in the state, updating a current law that the AG says is “weak and out-of-date.” The new law, if enacted, would prohibit making robocalls to individuals on the Do Not Call registry, prohibit … The post Anti-Robocall Bill Introduced in Washington State first appeared on AccountsRecovery.net.

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True Accord

DECEMBER 29, 2022

When it comes to New Year’s resolutions, improving personal finances isn’t anything new. But as we look ahead to 2023, we see more and more Americans adding serious financial goals to their list. A recent Ascent survey found 66% of Americans plan on making a financial resolution. And your business should be paying attention to the New Year goals of consumers: it’s the ideal time to support your customers to pay off debt (one of the most common financial resolutions for 2023) by meeting them wher

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Credit Card Debt Collections 64

Account Recovery

DECEMBER 29, 2022

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling holding an individual liable for violations of the Fair Credit Reporting Act, the Telemarketing Sales Rule, and the Consumer Financial Protection Act after he — and other defendants — were sued by the Consumer Financial Protection Bureau for allegedly obtaining individuals’ … The post Appeals Court Affirms Ruling Holding Individual Liable for Violations of CFPA, TSR first appeared on Acco

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NCBA Law Practice Management Blog

DECEMBER 29, 2022

Most solo and small firm attorneys think of their law firms as a salary replacement for a full-time law firm job, with some upside: both on income, and freedom. But, that’s it. Lots of lawyers are looking to run out the clock on their practice, and then ride off into the sunset – or , work until they die. I know I’d prefer the former ; and, if you do, too – why not ride off into the sunset with some loot, like the hero (or villain), in a Western movie?

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Collections

Collection Industry News

DECEMBER 29, 2022

Jobs growth in the US remained robust last month, while wages climbed sharply – signs that the world’s largest economy still faces a tough fight as it wrestles to rein in rising prices. Employers added 263,000 jobs, while average hourly pay rose 5.1% from last year, official figures show. The unemployment rate remained at 3.7%. The stronger than expected report came despite the US central bank’s efforts to cool the economy and stabilise prices by raising interest rates.

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Manufacturing Construction Banks Collections 40

Taurus Collect

DECEMBER 29, 2022

Every business depends on its customers or clients for cash flow to sustain itself. In fact, their money is like the lifeblood of the business owner and the employees as well. However, just like a blockage in the windpipe or food pipe can result in severe health issues, a disruption in cash flow can also make it challenging for a business to survive.

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