Account Recovery
JULY 23, 2024
The accounts receivable management industry lost a friend and a brother last week with the passing of Eric Foulk. Foulk, who most recently worked at TransUnion, had spent most of his career in the ARM industry, after he left the military. More details about Eric’s passing are available here. AccountsRecovery.
Consumer Finance
JULY 24, 2024
The CFPB released a report on payment processing companies that help school districts process children’s school lunch payments.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Roths Child Law
JULY 26, 2024
The process of filing for bankruptcy is shrouded in myths that can deter individuals from seeking the help they need. Bankruptcy law is nuanced, and the process can be intimidating. Many people believe that filing for bankruptcy means giving up everything they own or that it will permanently ruin their credit. These myths are false and can prevent people from moving from their challenges to regain financial stability.
UK debt collections
JULY 22, 2024
A Freedom of Information request has revealed £1.997 million of Maldon district council-related debt was sent to external debt collection agencies in the 2023/24 financial year. These debts include failures to pay Council Tax, Business Rates, parking fines and housing arrears. This is the highest amount of debt sent in the last three years, with debt sent totalling £1.39 million in 2022/23 and £1.93 million in 2021/22.
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.
Account Recovery
JULY 26, 2024
Collector Sued for Refusing to Accept Dispute Judge Grants MSJ for Defendant in FDCPA Case over Duplicate Cease Requests BK Filings Jump 16% for 12-Month Period Ending June 30 Consumers Very Worried About Economy WORTH NOTING: OpenAI, the company behind ChatGPT, is releasing its first search engine … Boneless chicken wings can have bones, a […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
On Guard
JULY 25, 2024
Earlier in 2024, we surveyed 300+ CFOs and financial professionals in the Netherlands to study how they view current technology trends and their impact on the finance sector. The research findings were shared in four different whitepapers, entitled the FinTech Baropapers. Let’s sneak a peek at the key takeaways: #1 AI the leader in technology trends Although finance professionals see a major influence of big data (36%) and IoT (23%) on the financial process, they find AI (45%) the technology wit
UK debt collections
JULY 24, 2024
The European Commission is reportedly set to scrap a controversial overhaul of EU late payment rules after a lack of support from several EU member states. The Commission proposed in September last year to limit all payment terms to a maximum of 30 days, prompting warnings from trade bodies that the reforms could make it unviable for banks to support supply chain finance facilities and increase costs for SMEs.
Account Recovery
JULY 26, 2024
EDITOR’S 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?
Consumer Finance
JULY 25, 2024
The CFPB sued a group of companies known as Acima for illegal lending activities in connection with as many as five million consumer financing agreements.
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.
Collections Law
JULY 25, 2024
At Law Offices of Alan M. Cohen & Associates LLC, our ethical commercial collections attorneys are well-known for their aggressive, relentless and innovative debt collection tactics. With more than 50 years of combined experience in commercial debt collection, they utilize debt collection strategies allowed under state and federal laws to help Massachusetts businesses get paid.
UK debt collections
JULY 23, 2024
A highly regarded Newton Abbot Agricultural farm and garden machinery specialist has formally entered administration. At a meeting held with creditors last Tuesday (July 16), directors passed a resolution to voluntarily wind up C R Willcocks and Company Ltd and to appoint Mark Bowen of MB Insolvency as liquidator. C R Willcocks, which sold and repaired farm and garden machinery, unexpectedly shut its doors for good in June.
Account Recovery
JULY 26, 2024
If an attorney representing an individual types up a letter on behalf of the individual that disputes a debt and ceases communication with the collector, but the letter is signed by the individual and contained the individual’s return address and did not indicate that the individual was otherwise being represented by an attorney, is that […]
Hudson Weir
JULY 22, 2024
Understanding what constitutes a transaction at an undervalue, as well as the associated implications, is crucial for businesses facing financial challenges and their directors. Transactions at an undervalue can be a significant issue during insolvency proceedings – so, what is a transaction at undervalue? A company might sell an asset for a nominal fee, or it could transfer an asset to another party without receiving any payment.
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.
FFGN COLLECT NY
JULY 21, 2024
As a service provider, you likely know all too well that sometimes the insurance company pays the client directly. But what happens if your customer keeps the insurance payment? If you’re looking to get paid, you should know the law governing New York debt collection that applies when the customer fails to turn over the insurance monies. This law applies whether you are providing restoration, medical, or other services.
UK debt collections
JULY 23, 2024
Latest figures from the Insolvency Service have shown that there were 2,361 business insolvencies in England & Wales in June 2024, 16% higher than in May 2024 (2,040) and 17% higher than the same month in the previous year (2,016 in June 2023). The insolvencies consisted of 302 compulsory liquidations, 1,866 creditors’ voluntary liquidations (CVLs), 170 administrations and 23 company voluntary arrangements (CVAs).
Account Recovery
JULY 26, 2024
For the second straight quarter, bankruptcy filings have grown by at least 10%, and this marked eight straight quarterly increases after years of consistent declines. Overall, personal and business bankruptcy filings increased by 16.
NCBA Law Practice Management Blog
JULY 20, 2024
Pre-pandemic, attorneys in a not insignificant number of states were disallowed from using ‘trade’ or ‘brand’ names for their law firms. You know, like ‘Taco Bell’ – though, you probably wouldn’t actually name your law firm Taco Bell. That meant that lawyers were basically left with naming their businesses after themselves – usually some combination of hard-to-pronounce last names.
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!
Collection Industry News
JULY 26, 2024
Some of the largest United States banks are bracing themselves for some significant losses coming out of their portfolio of personal loans and credit cards as indicated by their financial reports covering the second quarter of 2024. JPMorgan Chase, one of the country’s largest banks set aside nearly $1.2 billion from its revenues to raise its loan loss provision to a staggering amount of $3 billion.
BN Lawyers
JULY 26, 2024
Here’s the latest risk management guidance, published in June 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Be Cautious When Using Listservs – June 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
Account Recovery
JULY 26, 2024
More consumers are concerned about being able to pay their bills today than back during the Great Recession in 2008, according to the results of a recently released poll. Perhaps causing the problem is that a large number of consumers believe the economy is currently in a recession when it actually isn’t.
NCBA Law Practice Management Blog
JULY 20, 2024
One thing I have found to be true about pretty much every lawyer I’ve ever encountered , is that they all just want to help people, when it comes down to it. At heart, they are generous of spirit; and, they truly do want to improve the lives of their clients. Now, I’ve also seen that approach extend to other business decisions. And, while that is generally a good thing, sometimes it causes attorneys to overreach.
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.
Collection Industry News
JULY 21, 2024
One of Australia’s largest debt collectors will be taken to court after allegedly operating in Victoria despite being banned for previous illegal conduct. Queensland-based debt collection company Panthera Finance, which operates nationwide, was prohibited from operating in Victoria after it was penalised for harassing people over disputed debts. Consumer Affairs Victoria on Monday lodged a court case against the company, claiming it breached local fair trading laws by engaging in debt collection
Account Recovery
JULY 25, 2024
A group of Democratic Senators, including Sen. Elizabeth Warren [D-Mass.] and Sen. Bernie Sanders [I-Vt.], have introduced S. 4749, the Stop Corporate Capture Act (SCCA), which aims to codify the Chevron doctrine into law, thereby restoring and protecting the regulatory authority of federal agencies.
Account Recovery
JULY 25, 2024
Getting to Know Emily Adkins of Security Credit Services Judge Denies MTD in FDCPA Case for Third Time CFPB Warns Against Using NDAs to Block Whistleblowers Sen.
Account Recovery
JULY 25, 2024
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.
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
Expert insights. Personalized for you.
246 
Let's personalize your content