Remove Accounts Receivables Management Remove Creditors Remove Government
article thumbnail

Debt collection problems: StepChange call on government to ‘get its house in order’

Collection Industry News

ACA International’s comprehensive comments in response to the Consumer Financial Protection Bureau’s proposed debt collection rule recommend fair and objective policies that clarify legal obligations for the accounts receivable management (ARM) industry and provide clarity for consumers. billion of funds to U.S.

article thumbnail

Senators Propose COVID-19 Medical Debt Collection Relief Act

Collection Industry News

This would also provide sustainable repayment plans when borrower payments resume and would provide creditors access to a low-interest, long-term loan from the Federal Reserve until borrower payments resume. Similar provisions were included in H.R. 6800, the HEROES Act.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Debt Collection Industry Asks CFPB for Clarity in Updated FDCPA Rule

Collection Industry News

18, 2019 /PRNewswire/ — ACA International’s comprehensive comments in response to the Consumer Financial Protection Bureau’s proposed debt collection rule recommend fair and objective policies that clarify legal obligations for the accounts receivable management (ARM) industry and provide clarity for consumers.

article thumbnail

Q2 Industry Insights: Higher Monthly Expenses for Consumers, Regulatory Guidance for Financial Institutions

True Accord

If you’re a creditor or collector working with financially distressed borrowers, considering consumer situations and preferences when attempting to collect and employing digital strategies to boost engagement are more important than ever. On the regulatory front, data protection is making headlines.

article thumbnail

Thriving In Third Party Debt Collection: An Interview with John Bedard

PDC Flow

I also defended those clients against civil actions brought against them by consumers, the government, and each other. These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . is the managing attorney of Bedard Law Group, P.C. Bureau , 140 S. 2335 (2020).

article thumbnail

Industry Pros Revisit 2024 Predictions

Account Recovery

As part of the festivities to mark the end of one calendar year and the start of a new one, I ask different professionals from across the accounts receivable management industry for their predictions for the coming year what do they think is going to happen, what kind of year is it going to be for collection operations, etc.

article thumbnail

The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

Proactive accounts receivable management and commercial debt collection services can help prevent unpaid debts from escalating into legal disputes. Businesses should explore government-backed loan programs or invoice financing as alternatives to high-interest borrowing. in Q3 of 2023, up from 1.5%