JMA
JANUARY 30, 2024
What role do debt collectors fulfil in the financial ecosystem? The primary task of a debt collector is to pursue the repayment of overdue debts, using a combination of negotiation, strategic communication, and legal action when required. In this article, we’ll discuss “what do debt collectors do”, how debt collectors actually pursue unpaid debts, outlining.
PDC Flow
JANUARY 29, 2024
Debt settlement campaigns are initiatives where debt collection agencies offer a discount to consumers to boost collection on old or unresponsive accounts. Tax season is the best time to consider a debt settlement campaign within your debt collection agency. A debt settlement campaign can help your agency: liquidate inventory more quickly increase revenue for you and your clients increase the energy and morale on your collection floor At the same time, your consumer gets a deal, reduces their de
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Account Recovery
JANUARY 31, 2024
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.
UK debt collections
JANUARY 31, 2024
More businesses entered insolvency last year than at any point since 1993, as higher interest rates weigh on UK firms, official data shows. The Insolvency Service said 25,158 companies were declared insolvent last year, up from 22,123 in 2022. But the proportion of firms going bust was not as severe as during the 2008 global financial crisis, owing to more companies in existence, the government agency said.
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.
ABI
JANUARY 28, 2024
Katharine Manganello St. John’s University School of Law American Bankruptcy Institute Law Review Staff In Purdue Pharma, L.P. v. City of Ground Prairie ( In re Purdue Pharma L.P. ), the Second Circuit held that a bankruptcy court has statutory jurisdiction to approve a plan that includes a nonconsensual third-party release of direct claims against non-debtors. [1] In 1995, Purdue, a privately held pharmaceutical company owned and governed by the Sackler family developed and
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
FEBRUARY 2, 2024
The Federal Communications Commission is not the only entity seeking to criminalize the use of artificial intelligence in the area of robocalls. A bipartisan bill has been introduced in the House of Representatives that would require callers to disclose when artificial intelligence is being used and increases the penalties for using AI to impersonate individuals.
Troutman Sanders
JANUARY 29, 2024
The debt purchaser in In re McIntosh argued that because it was enforcing a debt that was not listed correctly on the debtor’s bankruptcy schedules, it was entitled to assume the debt had not been discharged. The U.S. Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages.
UK debt collections
JANUARY 28, 2024
TV Legend Bill Roache is facing bankruptcy for a second time. The 91-year-old actor – who has played Ken Barlow on ‘Coronation Street’ TV soap since 1960 – is the soap’s highest-paid cast member, earning around £250,000 a year but he’s facing financial ruin after HMRC filed a petition against him in London’s High Court earlier this week.
True Accord
JANUARY 31, 2024
If your business plans to use outbound calling as the main mode of engaging past-due customers in 2024…good luck. Good luck reaching the right number for the target customer. Good luck getting them to commit to repayment over the phone. Good luck not getting complaints. And if the plan is only to use outbound calling…be prepared to start accepting more losses in 2024.
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Account Recovery
FEBRUARY 2, 2024
A District Court judge in Wisconsin has granted a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court where it was originally filed, while also declining to rule on a defendant’s motion for sanctions against the plaintiff and his attorney and another defendant’s motion for judgment on the pleadings.
Troutman Sanders
FEBRUARY 1, 2024
Recently, Arizona, Kentucky, and Hawaii have jumped on the bandwagon to regulate earned wage access (EWA) products and services. Arizona’s proposed bill makes clear that EWA services are not considered to be loans or money transmissions, and voluntary tips or gratuities are not finance charges. It further requires EWA providers to be licensed, provide mandatory disclosures to consumers, and to submit an annual report detailing yearly revenue from EWA products.
UK debt collections
FEBRUARY 1, 2024
Riley Keough is refusing to pay the debt on late mother Lisa Marie Presley ’s U.K. home one year after her death. Keough, 34, pushed back on Barclays Bank’s request for her to pay an outstanding balance of approximately $1.6 million, per legal documents obtained by Us Weekly. Presley purchased her Coes Hall estate in Rotherfield, England, in 2010 with a loan from Barclays.
Jimerson Firm
FEBRUARY 1, 2024
Modern Florida businesses are often targeted by nefarious actors who seek to compromise confidential information to commit identity fraud and to sell the information on the black market. While businesses often work tirelessly to protect consumer data, the reality is, sometimes confidential information is compromised. For Florida businesses to minimize their trailing legal liability and exposure, they should ensure they adequately respond to any data breach.
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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Account Recovery
FEBRUARY 1, 2024
Getting to Know Jared Blake of Jetty Judge Denies MTD in FDCPA Class Action, Rules Medical Expenses Enough for Plaintiff to Have Standing FCC Seeks to Make AI-Generated Robocalls Illegal Under TCPA The Impact of Credit Monitoring on Debt Payments, Credit Scores WORTH NOTING: Elmo took a turn as a therapist … The lengths that […]
Credit Corp
JANUARY 29, 2024
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Making a financial plan can be intimidating, especially if you don’t know all of the essential budget categories you should include.
NCBA Law Practice Management Blog
FEBRUARY 2, 2024
Most law firms that aren’t yet into it, want to get into document assembly – because they understand the advantages related to quicker document preparation = more work volume, or more time off. But, a lot of those potential document assembly users get caught in the starting blocks – because they don’t know to prepare toward the launch of a document assembly software.
Jimerson Firm
JANUARY 30, 2024
On October 1, 2023, House Bill 919 , also known as the “Homeowners’ Association Bill of Rights” took effect. This comprehensive bill provides several crucial changes related to the removal of homeowners’ association (“HOA”) officers and directors, fines and suspensions for violations of the declarations, bylaws, or rules of the HOA, as well as new requirements for the comingling of funds, official records requirements, and board meeting notices.
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?
Account Recovery
FEBRUARY 1, 2024
A District Court judge in Puerto Rico has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action case on the grounds the plaintiff lacked standing to sue, ruling that the plaintiff “lives to fight another day” based on the claims she made in her amended complaint.
Collections Law
FEBRUARY 2, 2024
Unfortunately, when a company has experience as a debtor, sometimes, this has given them an opportunity to learn a few tricks to try and avoid collection efforts. Our collections attorneys at Law Offices of Alan M. Cohen & Associates LLC know that debtors will sometimes go to great lengths to avoid paying their debts. When debtors are using you for creditor financing When a debtor tells you that they cannot pay the debt they owe to you, but the company is still in business, this is a telltal
NCBA Law Practice Management Blog
FEBRUARY 2, 2024
Law firms have not necessarily used data to their advantage, like other businesses. But, you know what they say: better late than never ! And, if you haven’t tried launching and managing KPIs in your law firm , there’s no time like the present, for doing just that. Now, KPIs (key performance indicators) are simply numbers derived from statistics that define part of a law firm’s process.
Taurus Collect
FEBRUARY 1, 2024
A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue.
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?
Account Recovery
JANUARY 31, 2024
Judge Grants MJOP for Defendant in FDCPA Class-Action Over Different Reference Numbers in Letters AT&T Rolls Out Branded Caller ID Arbitration Group Updates Rules to Be More Favorable to Businesses 24 Companies Seeking Collection Talent WORTH NOTING: If you are looking for a new TV in time for the Super Bowl, here are the best […]
Troutman Sanders
FEBRUARY 1, 2024
In Career Counseling, Inc. v. Amerifactors Financial Group, LLC , the U.S. Court of Appeals for the Fourth Circuit upheld a district court’s decision denying class certification in a Telephone Consumer Protection Act (TCPA) case on the basis that the plaintiff failed to satisfy Rule 23’s “implicit further requirement of ascertainability.” The Fourth Circuit also upheld summary judgment against the defendant as to the individual claim finding the defendant was indeed the “sender” of the fax at is
Price Meese
FEBRUARY 1, 2024
PMSD is proud to announce that as part of his Community Association law practice, Partner, Thomas C. Martin, Esq., is attending the Institute of Real Estate Management Conference (“IREM”) on February 8, 2024, at the Ocean Casino Resort in Atlantic City, New Jersey. Mr. Martin represents numerous condominium associations, homeowners associations and property management companies throughout the state.
Taurus Collect
FEBRUARY 1, 2024
Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. In this blog post, we will explore the ins and outs of how debt collectors operate, the regulatory frameworks that guide them, and what individuals and businesses can expect when interacting with a debt collect
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