Account Recovery

AUGUST 31, 2021

NOTED PLAINTIFF’S ATTORNEY RESIGNS FROM PRACTICE OF LAW Maxim Maximov, a plaintiff’s attorney whose name is well known within the accounts receivable management industry, has resigned his practice following an investigation by three judicial districts within the New York State Court System.

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Account Recovery

SEPTEMBER 3, 2024

They can be a problem for companies in the accounts receivable management industry. The claims mentioned are accusations and should be considered as such until and unless proven otherwise. Voicemails. That old chestnut.

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National Service Bureau

MAY 22, 2015

It behooves debt collectors - really, anyone in accounts receivable management - to know and understand the restrictions surrounding telephone communication. action to recover for actual monetary loss from such a violation, or to receive $500 in damages for each such violation, whichever is greater.”

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Troutman Sanders

AUGUST 26, 2020

Troutman Pepper Attorneys, David Anthony and Jonathan Floyd recently published the article, “The Inconvenience of Convenience Fees” in ACA’s Collector Magazine. The Consumer Financial Protection Bureau and other regulators also continue to monitor the legality and appropriateness of such convenience fees.

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Recoverity

DECEMBER 7, 2021

No matter the B2B debt collection situation or where your debtor is, GGR has the corporate debt collection experience and proven accounts receivable management track record to successfully recover your money and become your long term debt collector solution.

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PDC Flow

AUGUST 18, 2020

These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . Soon enough, I began representing debt collectors , defending them against consumer litigation and helping them build compliance programs in their nationwide businesses. About John Bedard. Bedard, Jr.

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Better Credit Blog

AUGUST 31, 2020

The company is the collections division of Med A/Rx, specializing in accounts receivable management and collections in the healthcare industry. When your bills go unpaid for a few months, they may be turned over to a debt collections agency like PMAB LLC. How Does PMAB LLC Services Work? Negotiate a Partial Payment.

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Collection Industry News

SEPTEMBER 29, 2020

30 deadline, approved the Debt Collection Licensing Act and legislation to create the Department of Financial Protection and Innovation (DFPI)—essentially a state version of the Consumer Financial Protection Bureau—Friday. The DFPI will include oversight of debt collectors and emerging financial technology products.

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Consumer Finance Watch

APRIL 29, 2021

Court of Appeals for the Eleventh Circuit has delivered a novel and highly consequential interpretation of the Fair Debt Collection Practices Act that is potentially transformative … Continue reading → Wayne Streibich, Nicole R. Topper, Scott E. Wortman, and Anthony Richard Yanez The U.S.

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Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 4: False statements or representation.

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National Service Bureau

AUGUST 19, 2015

Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. How can something like this happen?

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Better Credit Blog

APRIL 1, 2022

In fact, they are a multifaceted company that can be a part of the debt collection process in the early stages (pre-charge of recovery) or the post-collection stage. The first thing to know about working with any debt collector is to not make any arrangements solely over the phone, make sure the arrangement is completed in writing.

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Troutman Sanders

APRIL 19, 2021

Senator Ted Cruz introduced the Financial Institution Customer Protection Act of 2021, which seeks to prohibit financial institutions from denying services to law-abiding businesses, such as companies in the accounts receivable management industry. For more information, click here.

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Credits Inc

OCTOBER 25, 2019

Business debt collection services ensure the credibility of your company always remains intact. A debt collector tries to reclaim the legally and ethically owed debt for a creditor. Business debt collection services rely on the debtor's ability to pay. Payment Agreement Plan.

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Credits Inc

JUNE 19, 2019

Therefore, you want a company that uses professional debt collection practices rather than wars. Although your accounts receivable management company must be firm in its practices, it should be considerate and cordial. Always hire a debt collector who will provide maximum services at your fee.

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National Service Bureau

MAY 18, 2015

The flip side of that coin, however, is that adjustments might need to be made in how your business handles accounts receivable management. As shown above, it might be difficult for many older Americans to pay off delinquent accounts and debt, so it will become imperative to engage early and often.

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National Service Bureau

MAY 12, 2015

As it relates to collections and accounts receivable management , skip-tracing is the process of locating debtors whose contact information is no longer accurate. The ability to locate a debtor means that you actually have a chance to recover debts that are owed. What is skip-tracing? How will my company benefit from it?

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True Accord

JULY 13, 2023

Updates to the Gramm-Leach-Bliley Act (GLBA), the Safeguards Rule , provide financial institutions, including those in the accounts receivable management industry, with requirements on how to safeguard customer information, went into effect on June 9. On the regulatory front, data protection is making headlines.

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Troutman Sanders

JULY 7, 2021

Some consumers reported facing homelessness because of the negative impact of an eviction on their credit history reported by debt collectors. On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies.

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Account Recovery

SEPTEMBER 23, 2024

Woodman argued that Medicredit should have known from the first two debts that she was represented. 1991) (overruled on other grounds) where it was held “debt collector does not automatically violate Section 1692c(A)(2) by communicating with a debtor regarding new debts, even when the debtor is represented by counsel on an earlier debt.”

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PDC Flow

JANUARY 12, 2021

2020 has been an unusual year for the accounts receivable management industry (to say the least). But the year also saw numerous pieces of legislation, (CFPB’s Regulation F to California debt collection licensing and more) that will impact how collections will operate going forward. Joann Needleman.

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