Collections Law
NOVEMBER 19, 2023
It seems counterintuitive. When a business debtor writes a bad check you wouldn’t expect that it would actually be a good thing and that it could help your company collect on the debts owed to them. But that bad check opens up access to legal actions that can ensure your access to funds that can help you get paid. Our ethical debt collection attorneys at Law Offices of Alan M.
Account Recovery
NOVEMBER 22, 2023
In yesterday’s Daily Digest, I asked people to send me a note to share what they are thankful for and a number of you responded. So right off the bat, I am thankful for that.
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Consumer Finance
NOVEMBER 19, 2023
The Consumer Financial Protection Bureau (CFPB) today ordered Toyota Motor Credit Corporation to pay $60 million in consumer redress and penalties for operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments.
True Accord
NOVEMBER 20, 2023
In our first blog post on the New York and New York City’s proposed amendments to their debt collection laws, we explored the proposed amendments and the alternative opt-out laws in the federal Fair Debt Collection Practices Act (FDCPA) and the Washington, DC debt collection amendment that achieve the same objectives without the unintended consequences.
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.
PDC Flow
NOVEMBER 22, 2023
Many consumers prefer to pay large bills in installments through ACH payments rather than a credit card. Offering this option in your business will decrease consumer complaints and increase your overall receivables. But just as with cards, it’s important to ensure the recurring ACH payments you accept are compliant. Understanding Recurring ACH Payment Compliance Complying with every regulation that applies to your business can get tricky.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Consumer Finance
NOVEMBER 19, 2023
The Consumer Financial Protection Bureau (CFPB) and 11 states announced today that student lender Prehired will provide more than $30 million in relief to student borrowers for making false promises of job placement, trapping students with “income share” loans that violated the law, and resorting to abusive debt collection practices when borrowers could not pay.
UK debt collections
NOVEMBER 21, 2023
A former Director of Extra Energy Supply has been banned from running a business for six years. Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers at the point it went into administration in December 2018. Extra Energy Supply was under investigation already At the time of its collapse, Extra Energy Supply was under investigation by energy regulator Ofgem for alleged breaches of its regulations.
Direct Recovery
NOVEMBER 21, 2023
With the global pandemic in our rearview mirror and an upcoming election here in the United States, 2024 should be an opportunity to post record numbers for businesses of all shapes and sizes across the country. However, things aren’t as positive as we might like to see closing out 2023. Regardless of the shape your business is in right now, or whatever may lie ahead in the coming year, there is nothing wrong with being cautiously optimistic and attempting to cut costs while hoping for monster r
Account Recovery
NOVEMBER 21, 2023
Collector Facing Class Action for Dispute Deadline Discrepancy in Validation Notice Appeals Court Partially Overturns Dismissal of FDCPA Suit FCRA, CFPA Violations Lead CFPB to Assess $60M in Fines, Penalties on Toyota Motor Credit FCC, FTC Tackling AI’s Growing Involvement in Phone Calls WORTH NOTING: Close friendships are vital to your health, but there are […]
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.
Jimerson Firm
NOVEMBER 20, 2023
The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. As such, businesses need to be aware of the statute and the risk and liability of the statute. We have recently seen a trend in filing lawsuits against businesses for allegedly violating Section 559.72(17) relating to emails for collecting debt. This article seeks to explore whether sending an email to a debtor after 9pm and before 8am violates the FCCPA.
NCBA Law Practice Management Blog
NOVEMBER 18, 2023
Running a business, really, is conducting one big experiment. You’re continually testing hypotheses, and seeing whether they work. You need to make frequent adjustments, to tweak things , for the better. You could say that a business owner is like a scientist – perhaps a less glamorous analogy would be that it’s like owning an old car, that you constantly have to fix.
Hudson Weir
NOVEMBER 21, 2023
Looking to understand the TUPE meaning, transfer rules and implications during a company insolvency? We’ll run through what you need to know in this article. Transfer of Undertakings Protection of Employment regulations came into force in 2006, replacing the 1981 regulations of the same name. Amendments were made to these regulations again in 2014. In this guide, we will cover TUPE regulations.
Account Recovery
NOVEMBER 20, 2023
Not showing up for a deposition is a big no-no in the legal world and a plaintiff in a Fair Debt Collection Practices Act case is going to have to pay because of it after the District Court judge not only granted the defendant’s motion for summary judgment, but also for sanctions against the plaintiff.
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.
Troutman Sanders
NOVEMBER 22, 2023
On October 9, a Florida state senator introduced SB 146 , which would add a new section to the Florida Consumer Finance Act (CFA), attempting to curb evasion of the CFA. SB 146 would treat all payments incident to the loan as interest, even if voluntary, and would adopt both predominant economic interest and totality of the circumstance tests for true lender purposes.
Roths Child Law
NOVEMBER 19, 2023
Nobody wants to file for bankruptcy, but it happens – and some people have it happen more than once. As long as you wait the appropriate time limit between bankruptcies (which varies according to what type of bankruptcy you filed before and what type you want to file now), there’s no actual limit to the number of times you can receive a discharge of your debts.
Debt Free Colorado
NOVEMBER 18, 2023
Do not let the weight of post-bankruptcy credit challenges stop you from financial freedom Filing for bankruptcy is undoubtedly a challenging decision, one that can have a significant impact on your financial stability and creditworthiness. Understanding the nuances of how bankruptcy affects your credit score, how soon will your credit score improve after bankruptcy, and the steps to rebuild it are crucial for reclaiming your financial health.
Account Recovery
NOVEMBER 20, 2023
Judge Sanctions Plaintiff, Grants MSJ For Defense in FDCPA Case Judge Grants Preliminary Approval of $51k Settlement in FDCPA Class Action Cancer Patient’s Last Wish Raises $20M to Pay Off Medical Debts for Others Compliance Digest – November 20 WORTH NOTING: The unwritten rules of eating and drinking near electronics … Things to do on […]
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!
Troutman Sanders
NOVEMBER 20, 2023
On November 16, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Fair Debt Collection Practices Act (FDCPA) Annual Report detailing the CFPB’s 2022 activities related to debt collection practices. This comprehensive document summarizes everything FDCPA-related undertaken by the agency during 2022, including enforcement actions, a summary of consumer complaints, education and outreach initiatives, and highlights from examinations it conducted.
NCBA Law Practice Management Blog
NOVEMBER 18, 2023
I was talking to a friend of mine, who runs a highly successful law firm, the other day. And, he told me ‘clients aren’t the problem, I need to hire good lawyers’. And, I thought to myself: ‘You know what – I have been hearing that a lot lately ’. Now, that makes for an interesting inflection point in the marketplace – because, I think that, if you asked lawyers what they need more, the answer would be ‘client s , I can never have enough clients’.
Jimerson Firm
NOVEMBER 22, 2023
Featured in the November 2023 Issue: Partner’s Perspective: Remembering the Why As the holiday season approaches, I often find myself reflecting on the important things in life, like my family, making memories, and the opportunities I have to impact others. While my Partner Perspective typically focuses on my family and friends, I want to take this time to reflect on the gratitude I have for my profession.
Account Recovery
NOVEMBER 22, 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.
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.
Troutman Sanders
NOVEMBER 20, 2023
On November 9, a magistrate judge in the Northern District of Georgia issued a Report & Recommendation to grant a motion to dismiss because the plaintiff’s Fair Debt Collection Practices Act (FDCPA) claims were time-barred and the cause of action under the Fair Credit Reporting Act (FCRA) failed to state a claim. In Marion v. Commercial Services Group, Inc., the plaintiff claimed that she viewed her credit reports in January 2021 and noticed an open account reported by the defendant.
NCBA Law Practice Management Blog
NOVEMBER 18, 2023
Law firms continue to experiment with different payment models, in a post-COVID environment; and, that includes subscriptions. Subscriptions are popular, because it’s consistent recurring revenue – which everyone is looking for. That’s one of the reasons why technology companies are so valuable. And, if’s the same reason why lots of professional service providers (like law firms, but also like IT providers) are moving to subscription pricing.
Collection Industry News
NOVEMBER 22, 2023
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. Driven largely by Big Tech and other large technology firms, digital payment apps and wallets continue to grow in popularity, but many of the companies are not subject to CFPB supervisory examinations.
Account Recovery
NOVEMBER 22, 2023
The collection agency also reported a 160% increase in collections with one portfolio thanks to Skit.ai’s conversational AI platform. NEW YORK, NY (November 22, 2023) – Skit.
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
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