Sat.Jan 18, 2025 - Fri.Jan 24, 2025

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Four Traits That Make a Good Debt Collection Lawyer

FFGN COLLECT NY

In our modern times, its easy to find whatever youre looking for within a few clicks. Though the internet makes finding goods and services simple, that doesnt mean the first option you come across will be whats best for you. This is especially true when it comes to legal services. Its important to do your research and connect with an attorney who can move your debt collection case forward.

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Business Debt Negotiation: Key Differences from Consumer Debt

Enterprise Recovery

Understanding the differences between business and consumer debt collections can profoundly influence your approach to developing an effective recovery strategy. This knowledge allows you to tailor your methods to suit the specific type of debt you are dealing with, ensuring that you employ the most appropriate techniques and adhere to relevant regulations.

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Truecaller Rolls Out Major Update for iPhone, Enhancing Spam and Scam Blocking

Account Recovery

Truecaller, a leading global communications platform, has announced a significant update for iPhone users, bringing its full range of spam and scam blocking features to Apple’s mobile operating system. With the new update, Truecaller now offers real-time caller identification, bringing iPhone users in line with their Android counterparts for the first time.

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Q4 Industry Insights: Looking Good on Paper, Feeling Bad in Wallets, Everyone’s Uncertain on Financial Outlook

True Accord

Looking at key economic indicatorsGDP growth, consumer spending, softening inflation and a healthy job marketit would be easy to deduce that consumers in America are faring well. But digging deeper reveals unwieldy debt, expected rises in charge-offs and uncertainty around future economic conditions, painting a less rosy picture of the financial situation.

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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.

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Four Important Features of Payment Collection Software

PDC Flow

Many important aspects go into choosing payment collection software for your debt collection agency. Thinking about everything you must consider can be daunting. When examining your payment collection software, start with these four areas to decide if its doing all it can for your agency. 1. Security With the increase in data breaches in recent years, cyber security is a huge concern for businesses and consumers.

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AI, Automation, and Innovation: The Future of Collection in 2025

Account Recovery

The credit and collection industry is facing a rapidly evolving landscape shaped by digital transformation, economic shifts, and regulatory changes. As 2025 progresses, understanding these trends can help industry professionals optimize their strategies and stay ahead of the curve. 1. The Rise of the Orchestration Economy The big picture: The debt collection industry is witnessing a shift from fragmented, app-based ecosystems to integrated orchestration platforms.

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Proof Of Debt: Owing Creditors Money After Company Liquidation

Hudson Weir

During a companys liquidation, the appointed insolvency practitioner aims to raise as much money as viable to repay creditors, but there may not be enough to reimburse everyone. A proof of debt form is one way that creditors can increase their chances of recouping some of the money owed to them. The Insolvency Act 1986 establishes a legal hierarchy to compensate creditors throughout a company liquidation.

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How to Optimize SaaS Revenue and Collections

The Kaplan Group

The relationship between revenue quality and collection efficiency has become increasingly critical for sustainable growth. A new analysis by The Kaplan Group of eight leading SaaS companies reveals significant variations in how companies balance high-value revenue streams with effective collection practices, offering insights into optimal strategies for financial success.

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CFPB Finds More Vehicles Eligible for Repossession Than Pre-Pandemic

Consumer Finance

The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Outgoing Administration Publishes Blueprint to Prevent Student Loan Defaults

Account Recovery

On its way out the door, the Department of Education has published a memo outlining the steps that the new administration should take to prevent individuals from defaulting on their student loan payments and the importance of continuing the actions that have been taken by the outgoing administration. Why it matters: Federal student loan borrowers will face penalties and consequences for missed payments in 2025 for the first time in five years.

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Merchant Onboarding Made Easy: Tips to Get Set Up Fast

PDC Flow

Do you know what the merchant onboarding process entails for starting payment processing with a new SaaS vendor? Understanding how to set up a merchant account is essential to saving time, avoiding frustration, and ensuring a smooth transition to accepting payments. Here are the basic considerations for companies setting up a new merchant account. Merchant Onboarding Paperwork The merchant onboarding process can move quickly if your business is in good standing and all required documentation is

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Building Economic Resilience

Prosperity Now

Housing affordability isn't just an economic issueit also shapes families, communities, and long-term financial strength.

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CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Consumer Sentiment Declines as Economic Outlook Dims, But More Consumers Excited to Pay Down Debt

Account Recovery

Consumers are turning increasingly pessimistic about the state and future of the economy and are making adjustments, like pulling back on making big purchases. One silver lining for the credit and collection industry is that it appears consumers are going to be more focused on paying down their debt levels, according to data released yesterday by WalletHub.

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Paying down debt is Americans’ top financial goal for 2025. Here are some tips that can help

Collection Industry News

When it comes tofinancial resolutionsfor 2025, theres one goal that often lands on the top of the list paying down debt, according to a new survey from Bankrate. Thats as a majority of Americans 89% say they have a main financial goal for 2025, the Novembersurveyof almost 2,500 adults found. Whilepaying down debtcame in as a top goal, with 21%, other items on Americans financial to-do lists include saving more for emergencies, with 12%; getting a higher paying job or additional source of inco

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Surgeon General’s Final Push: Alcohol Labels and Navigating Legal and Political Challenges

Jimerson Firm

As the Surgeon General concludes his tenure, Vivek Murthys advisory on the relationship between alcohol and cancer has sparked a national conversation. Released on January 3, 2025, the advisory emphasizes the scientific link between alcohol consumption and increased cancer risk for several types of cancer, including breast, liver, and throat cancers.

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Python Bites Back: Counterclaims Based on Alleged Consent Survive Plaintiff’s Motion to Dismiss

TCPA

TCPA defendants often assert, in either a motion to dismiss or answer (or both), that a plaintiff gave prior express consent to receive the calls or text messages at issue. But it is the exceptional case where a defendant actually files a counterclaim against a plaintiff on this ground.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Judge Rules FDCPA Claim Can Proceed in Credit Reporting Dispute, Dismisses FCRA Allegations

Account Recovery

A District Court judge in Missouri has denied a defendant’s motion for summary judgment on claims it violated the Fair Debt Collection Practices Act by failing to correct inaccurate information it was furnishing to the credit reporting agencies, while granting the motion on claims it violated the Fair Credit Reporting Act, ruling the plaintiff did not establish that she suffered a concrete injury.

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CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

Collection Industry News

WASHINGTON, D.C. Today, the Consumer Financial Protection Bureau (CFPB)finalized a rulethat will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPBs action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.

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Beyond Credit Limits: A Holistic Approach to Accounts Receivable Management

Burt and Associates

Effective accounts receivable (AR) management is crucial for maintaining a healthy cash flow and ensuring the financial stability of any business. While setting credit limits is fundamental, adopting a comprehensive strategy encompassing various elements can significantly enhance your AR processes. This article explores key components beyond credit limits that contribute to robust AR management. 1.

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Benefactor: What Happens When a Third Party Pays for Legal Services?

NCBA Law Practice Management Blog

It happens from time to time, when a third party pays for the legal services of another. Though, its still a fairly unusual situation. So, the question is: What do you do when it happens? Ideally, two things: First, you want to clearly explain to both the payor and the client that the payor is not the client, the client is which sounds like an obvious thing for lawyers, but wont be for your clients and the person paying the legal fees.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Collector Facing FDCPA Lawsuit After Sending Letter to Collect on Fraudulent Debt

Account Recovery

EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!

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Company Insolvencies drop by 5% for the year 2024

UK debt collections

Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of 5.1% from 2023s figure of 25,163. The company insolvencies comprised of 18,840 creditors voluntary liquidations (CVLs), 3,230 compulsory liquidations , 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments.

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CFPB Fines Equifax $15M for Consumer Dispute Failures

Account Recovery

The Consumer Financial Protection Bureau on Friday announced an enforcement action against Equifax Inc. and its subsidiary, Equifax Information Services LLC, for multiple violations of the Fair Credit Reporting Act and the Consumer Financial Protection Act. The agency found that Equifax failed to properly investigate consumer disputes, provided inaccurate information, and misled consumers with contradictory dispute resolution notices, leading the credit reporting giant to pay a penalty of $15 mi

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Compliance Digest – January 20

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management Turnkey Speech Analytics. And Our New BLG360 Program Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv