Account Recovery
JUNE 14, 2023
JUDGE DISMISSES FDCPA SUIT, ORDERS PLAINTIFFS TO SHOW CAUSE WHY THEY SHOULD NOT BE SANCTIONED MEDICAL DEBT TIED TO HIGHER CANCER DEATH RATES CHOPRA TAKES SHOTS FROM SENATE BANKING COMMITTEE, HOUSE FINANCIAL SERVICES HEARING ON DECK 17 COMPANIES SEEKING COLLECTION TALENT WORTH NOTHING: Not going to lie, this has left me feeling a little bitter […]
American Profit Recovery
JUNE 14, 2023
Deciding to use a debt collection agency can be a big step for a business. Many business owners and other decision-makers have a number of questions they want answered before deciding to take that next step with an accounts receivable program. They want to know that they made the best decision possible for their organization. Of course getting late and non-paying customers to the table is a top concern, there can be other concerns that a business of any size wants to address before taking the ne
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Account Recovery
JUNE 14, 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.
Credit Corp
JUNE 14, 2023
How long someone has bad credit depends on how long they continue to create negative credit activity. Almost as soon as you start making credit-improving moves, you may see positive impacts in your score. However, old negative activity can still haunt your report for a while after you start improving your credit situation. Luckily, you can still have a decent or even excellent score with negative marks on your report.
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
JUNE 14, 2023
In a case defended by the team at Gordon Rees, a District Court judge in Georgia has ordered the plaintiffs in a Fair Debt Collection Practices Act case to show cause why they should not be ordered to pay the defendant’s attorney’s fees and costs after the case was dismissed following an unusual sequence of […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 14, 2023
After going before the Senate Banking Committee yesterday, Rohit Chopra, the director of the Consumer Financial Protection Bureau will testify before the House Financial Services Committee, in what is sure to be a raucous hearing that will focus more on scoring points and trying to get the best soundbite than on anything substantive, especially if […]
UK debt collections
JUNE 14, 2023
London landlords face prolonged delays in the eviction process as bailiff operations are suspended indefinitely due to unspecified ‘health and safety reasons’. This move is reportedly causing an immediate and significant impact on evictions, with one bailiff reporting an 80% decrease in their workload. The understanding is that the safety concerns arise from the need for bailiffs to be accompanied by additional personnel while attending properties, to ensure their safety.
Account Recovery
JUNE 14, 2023
Researchers from the American Cancer Society have established a link between the amount of medical debt an individual carries with a higher mortality rate for individuals with cancer, according to research that was published last week. For every 1% increase in the population of individuals carrying medical debt, there is a 1.
Sawin & Shea
JUNE 14, 2023
Divorce is never easy. The dissolution of a marriage can create intense emotional stress for both separating parties. These challenges can be even more difficult if you’re facing financial hardships. These financial challenges often worsen with divorce because the income of one household splits between two divorcees. If you depend on your former spouse’s income, you may struggle to make ends meet once you rely solely on your money as well as any alimony or child support payments.
Advertisement
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.
Fico Collections
JUNE 14, 2023
Home Blog Feed test Critical Steps to Improving Hyper-Personalization at Scale Alyson Clarke of Forrester Consulting takes a deep dive into the implications and expectations around hyper-personalization to banks and their customers Thu, 06/15/2023 - 16:50 JenniferPiccinino@fico.com by Darryl Knopp expand_less Back to top Thu, 06/15/2023 - 11:05 Research shows more than half of all decision-makers understand the importance of hyper-personalization.
Collections Law
JUNE 14, 2023
Yes. In the United States, each state’s courts are bound to respect the judgments of other states’ courts, with limited exceptions. If you have obtained a judgment in your state only to learn the debtor no longer has any assets there, you can look to assets they have in other states, such as Massachusetts. Or, if you have not yet obtained a judgment in your own state, it may make sense to file the lawsuit here.
Jimerson Firm
JUNE 14, 2023
When two parties enter into a contract for the purchase and sale of real property, the buyer typically provides an initial deposit, commonly referred to as a binder deposit. Unfortunately, when the contract fails to close (for various reasons), there is oftentimes a dispute over who is entitled to the binder deposit. If the buyer and seller cannot agree on who should receive the binder deposit, then what happens?
FFGN COLLECT NY
JUNE 14, 2023
When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially. Both can send a demand letter and call the debtor to request the outstanding amount owed. Should the debtor refuse to pay and it becomes time to file suit, the collection agency will have to engage a third-party law firm to file suit.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Collection Industry News
JUNE 14, 2023
There are several key consumer laws that collectors should be concerned with when engaging in debt collection practices. These laws aim to protect consumers from unfair, deceptive, or abusive practices. Here are some important consumer laws that collectors should be familiar with: 1. Fair Debt Collection Practices Act (FDCPA): The FDCPA sets standards for debt collection practices in the United States.
Troutman Sanders
JUNE 14, 2023
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On June 9, the Office of the Comptroller of the Currency (OCC) announced a request for information to gather input on a proposed annual trust survey with the goal of understanding, measuring, and tracking the public’s trust in banking and bank s
Credit Corp
JUNE 14, 2023
A hard credit inquiry is when a credit card issuer or another lender reviews a credit report as part of your credit application. Their request to review your credit will be shown as a hard inquiry on your credit report and will affect your credit score. Let’s say you’re looking to apply for a new credit card. Whether you want to expand your available credit, create a credit mix, or simply apply for a credit card online with your desired rewards, you’ll often encounter a hard in
NACM
JUNE 14, 2023
Listen to the latest episode of NACM's Extra Credit podcast to learn how automation can help credit departments navigate the spike in bankruptcies. ?️ With the pandemic free-money era officially coming to an end, many businesses on the margin are starting to struggle. As a result, corporate bankruptcies are on the rise. Commercial C.
Advertisement
Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.
Expert insights. Personalized for you.
130 
Let's personalize your content