American Profit Recovery

SEPTEMBER 6, 2023

Collecting debt is just something a business of any size will have to do. It would be nice if all consumers paid their bills on time but the reality of running any business means you’ll have to deal with late and nonpaying customers. The topic of customers who do not pay can also be emotional, especially for small businesses. Many operating businesses just like you have developed deep relationships with customers over the years and when the payments do not come in, that strikes an emotiona

Collections 216

Collections Collection Agencies Collections Agency Fair Debt Collection 216

Account Recovery

SEPTEMBER 6, 2023

The Consumer Financial Protection Bureau has reached a proposed settlement with 85 of its employees who sued the agency alleging employment discrimination because the Bureau allegedly paid minority employees less than their White counterparts while also retaliating against those who complained about the pay and working conditions.

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147

Consumer Finance

SEPTEMBER 6, 2023

The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.

Government 143

Government Financial services Banks 143

Account Recovery

SEPTEMBER 6, 2023

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.

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

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.

Consumer Finance

SEPTEMBER 6, 2023

Like transportation, telecommunications, and energy, banking and payments are critical infrastructure of the economy that impacts all of us.

Banks 103

Banks Financial services 103

Sawin & Shea

SEPTEMBER 6, 2023

People file for bankruptcy for any number of reasons, from job loss to unpaid medical bills to an unaffordable mortgage. If you’re considering filing for bankruptcy, you’re not alone; roughly 375,000 people filed for bankruptcy in 2022, and home foreclosure filings rose 115% in 2022 over the number of foreclosures in 2021. To many people, the most alarming thing about filing for bankruptcy is the possibility that they will lose their home.

Foreclosure 52

Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 52

Account Recovery

SEPTEMBER 6, 2023

Consumers want convenience now more than ever. Nobody will disagree with that. Frictionless is a word that has been used to describe how the payment process should be for consumers who visit a payment portal.

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130

Troutman Sanders

SEPTEMBER 6, 2023

In Gebreseralse v. Columbia Debt Recovery, LLC , the plaintiff, a tenant under a residential lease agreement, vacated the premises early due to concerns over the property’s condition. In response, the property management company engaged a collection agency to recover the remaining amounts claimed as due and owing under the lease. Over the course of several months, the collection agency sent the plaintiff multiple emails and letters containing errors.

Accrued Interest 52

Accrued Interest Collection Agencies Collections Agency Fair Debt Collection 52

Account Recovery

SEPTEMBER 6, 2023

EDPA Judge Rules Subrogation Claims Not Subject to FDCPA CFPB to Settle Employment Discrimination Case for $6M Passkeys are the Future of Authentication 24 Companies Seeking Collection Talent WORTH NOTHING: A man was arrested for trying to run in an floating hamster wheel from Florida to England … DiGiorno is offering free pizzas to anyone […]

Subrogation 100

Subrogation Collections 100

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Collections

Troutman Sanders

SEPTEMBER 6, 2023

In Valentine v. Mullooly, Jeffrey, Rooney & Fylnn LLP the U.S. District Court for the District of New Jersey found that the plaintiff had not suffered an injury in fact and therefore lacked standing to assert a claim under the Fair Debt Collections Practices Act (FDCPA). The plaintiff incurred a debt to a bank, which sold the account to a new creditor.

Fair Debt Collection 52

Fair Debt Collection Creditors Original Creditor Banks 52

Collection Industry News

SEPTEMBER 6, 2023

The Biden-Harris administration announced today that an additional 125,000 Americans have been approved for $9 billion in debt relief through fixes the U.S. Department of Education has made to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF), and granting automatic relief for borrowers with total and permanent disabilities. Today’s announcement brings the total approved debt cancellation by the Biden-Harris Administration to $127 billion for nearly 3.6 million Ameri

Student loans 40

Student loans Student Loans Education Loans 40

NACM

SEPTEMBER 6, 2023

​The role of a credit manager goes far beyond credit and collections. Credit professionals are not only versed on the technical side of credit, such as financial statement analysis, but versed on the soft side of credit, such as negotiation and relationship building. But one of the other skills credit professionals have is the ability to grow and i.

Credit Management 5

Credit Management Collections 5