Sat.Apr 15, 2023 - Fri.Apr 21, 2023

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Is Legal Action Better than Debt Collection?

Debt Recoveries

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so. Being the first to act is also crucial because debtors can owe money to other parties who are also attempting to get paid.

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

Taking on debt is one of the most common ways to fuel a rapidly growing small business. But that debt can quickly become an anchor weighing down the entire company if growth sputters, and the resulting collections can be even more problematic than the debt in the first place. If your business regularly offers credit terms on B2B sales, it is essential to ensure clients stay current on their payment plans.

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Clerkie Raises $33M to Fix ‘Broken Debt System’

Account Recovery

Clerkie, San Francisco-based company announced this week that it has raised $33 million in a Series A funding round — led by Left Lane Capital, with participation from Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures, and Vestigo Ventures. This brings Clerkie’s total funding to $41 million, following a $6 million seed round.

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Real-Time Payments Survey Reveals Growth in Usage - and Scams

Fico Collections

Home Blog FICO Real-Time Payments Survey Reveals Growth in Usage - and Scams Real-time payments are a growing global phenomenon, but the shifting payments landscape is also giving fraudsters new attack vectors FICO Admin Tue, 07/02/2019 - 02:45 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 04/20/2023 - 11:20 Real-time payments have become popular worldwide, with volumes growing by double digits quarter over quarter for four straight years.

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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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24 Companies Seeking Collection Talent

Account Recovery

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. This is merely meant … The post 24 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

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How to Build Credit with a Credit Card

Credit Corp

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. Many people with good credit scores own at least one credit card, with 82% of all credit card holders boasting credit scores of 680 and higher.

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Prepared Statement of James S. Rice before the Committee on Veterans’ Affairs United States Senate

Consumer Finance

CFPB Office of Servicemember Affairs Assistant Director Jim Rice discusses recent CFPB efforts to understand the veteran financial experience, enforce the law, and coordinate efforts across the federal government and in the states.

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Daily Digest – April 21. Complaint Accuses Collector of Now Knowing Debt was Previously Disputed; Judge Grants MJOP in FDCPA Class-Action

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF NOT KNOWING DEBT WAS PREVIOUSLY DISPUTED & LITIGATED A collector has removed a Fair Debt Collection Practices Act lawsuit to federal court after it was accused of failing to send a validation notice prior to furnishing information about the debt to the credit reporting agencies and for attempting to collect on … The post Daily Digest – April 21.

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CFPB Continues to Press for Expanded Definition of Credit Transaction Under ECOA by Interjecting its Position in Pending Private Litigation

Troutman Sanders

On April 14, the Consumer Financial Protection Bureau (CFPB) submitted a statement of interest to the U.S. District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees).

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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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Can You Use a Debit Card as a Credit Card?

Credit Corp

Debit cards look and feel like credit cards. But they aren’t the same thing. Discover the difference between debit and credit cards in this quick guide, including what happens if you choose to run your debit card as credit when paying for goods or services. In This Piece Can You Use Your Debit Card as a Credit Card? What Happens When You Use a Debit Card as Credit?

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Charity accuses London Bailiffs firm of ‘dressing up as police’

UK debt collections

A London bailiffs company has hit back at a claim its enforcement officers are deliberately dressed to look like police to scare people into complying with their requests, saying at no point have they ever claimed to be law enforcement. After an article accused S&K Enforcement of dressing up like police to intimidate tenants out of their homes during the course of their work to enforce evictions , the firm pointed out that its officers used and wore similar equipment to police officers, but

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Complaint Accuses Collector of Not Knowing Debt was Previously Disputed & Litigated

Account Recovery

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? Call … The post Complaint Accuses Collector of Not Knowing Debt was Previously Disputed & Litigated first appeared on AccountsRecovery.net.

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The Ninth Circuit Reinforces Narrow Interpretation of ATDS under Borden Holding System Must Generate Random or Sequential Telephone Numbers to Constitute an ATDS

Troutman Sanders

On April 13, the Ninth Circuit issued an opinion affirming a district court’s summary judgment order on the grounds that under Borden v. eFinancial, LLC , discussed here , to qualify as an automatic telephone dialing system (ATDS) under the Telephone Consumer Protection Act (TCPA) the telephone system must store or produce randomly or sequentially generated telephone numbers, not just any numbers.

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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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What Is the Average Used Car Loan Rate?

Credit Corp

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. Those with a credit score of over 780 have an average car loan interest rate as low as 4.75 percent and individuals with a score below 500 pay an average interest rate as high as 20.62 percent.

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Leveraging DDA Data in Consumer Lending to Stay Competitive

Fico Collections

Home Blog FICO Leveraging DDA Data in Consumer Lending to Stay Competitive Q&A with Dale Robinson, credit risk executive at Ameriprise Financial Services, Bluestem Brands, HSBC and USBank FICO Admin Thu, 12/19/2019 - 16:29 by Sharon Tilley expand_less Back To Top Fri, 04/21/2023 - 15:00 Dale Robinson is an early adopter of consumer-permissioned demand-deposit account (DDA) data and scoring in retail credit, and an independent financial services consultant with over 20 years of experience as a cr

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Judge Grants MJOP in FDCPA Class Over Lack of Interest Disclosure in Letter

Account Recovery

In a case that was defended by Cooper Walker and the team at Frost Echols, a District Court judge in Massachusetts has granted a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act class-action case that accused the defendant of not informing the plaintiff in a letter whether interest was … The post Judge Grants MJOP in FDCPA Class Over Lack of Interest Disclosure in Letter first appeared on AccountsRecovery.net.

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Statement of CFPB Director Rohit Chopra on the Proposed Restoration of the Financial Stability Oversight Council’s Authority and Regulatory Credibility

Consumer Finance

Prepared remarks of CFPB Director Rohit Chopra on the proposed restoration of the FSOC’s authority to prevent shadow bank bailouts.

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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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How to Make Money Writing: 10 Ways to Get Paid Writing Online

Credit Corp

If you can write great copy for an ad or pen a lovely turn of phrase, you could make money from your skills. Keep reading to find out how to make money writing—one of the many ways you can boost your income online. How to Make Money Writing Authoring articles for magazines, writing compelling marketing descriptions for products, and self-publishing fiction; these are all ways you can turn your words into positive growth in your bank account.

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CFPB Request for Information About the Status of Data Brokers Under the Fair Credit Reporting Act

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and his fellow Partner Julie Hoffmeister as they discuss the Consumer Financial Protection Bureau’s (CFPB) recent request for information about data brokers and the potential interplay with the Fair Credit Reporting Act (FCRA). During this episode, they expand on the CFPB’s potential FCRA rulemaking regarding data brokers, the CFPB’s intent to monitor data brokers and its desire to have greater oversight on the data broker industry, and the steps

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North Carolina Medical Debt Bill Gets Hearing, Passes Senate Committee

Account Recovery

The bill with possibly the best name ever placed on a piece of legislation cleared a small hurdle yesterday as it makes another attempt at becoming law in North Carolina. The state’s Senate Health Care Committee yesterday held a hearing and subsequently passed the Medial Debt De-Weaponization Act, becoming the first of four Senate committees … The post North Carolina Medical Debt Bill Gets Hearing, Passes Senate Committee first appeared on AccountsRecovery.net.

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Just 22% of finance professionals describe their organisation as data-driven

On Guard

At the same time, 24% report that being data-driven can help with efficiency Amsterdam, 20 April 2023 – Only 22% of finance professionals describe their organisation as data-driven, according to the FinTech Barometer, a survey conducted by Onguard on the financial status of Dutch companies for the sixth time this year. This involved surveying 311 CFOs, financial managers, and financial employees.

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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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37 Easy Ways to Start Making Money at Home

Credit Corp

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. During the COVID-19 pandemic, we saw unemployment rates reach highs that we haven’t seen since the 1930s. By October 2021, unemployment reached a high of 4.9%, causing many to look for creative ways to earn an income.

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Payday Loan Debt and Bankruptcy

Sawin & Shea

You’ve probably driven past storefronts with bright lights offering quick cash through payday loans. Or maybe you’ve seen the commercials on social media or TV. The companies that offer these short-term loans tout them as a surefire way to get out of a financial bind. Payday loans are incredibly risky. Instead of being helpful, they may cause your debt to spiral out of control.

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Healthcare Practice Under Spotlight for Suing Patients

Account Recovery

A healthcare practice in New York that performs bariatric surgery is in the spotlight this week for filing a bunch of lawsuits against patients who did not pay their bills, and the chief executive of the practice is putting the blame on the patients in a published report for not forwarding the checks they receive … The post Healthcare Practice Under Spotlight for Suing Patients first appeared on AccountsRecovery.net.

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UK Credit Cards: Are "Established" Accounts in Trouble?

Fico Collections

Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? FICO data reveals worrying trends developing amongst established credit card users as missed payments rise Darcy Sullivan Tue, 11/10/2020 - 12:17 by Liz Ruddick Principal Consultant expand_less Back To Top Wed, 04/19/2023 - 09:25 We have recently analysed UK personal credit card trends and found worrying payment patterns amongst customers who have held their cards for between one and five years, known as the Established vinta

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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