True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Debt increases showed up across almost all categories, with larger balances for mortgages , home equity lines of credit, auto loans, student loans , retail cards and other consumer loans.

Financial Institution 70

Financial Institution Student loans Student Loans Loans 70

Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency.

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

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. 5: Improper contact or sharing of information.

Collection Companies 40

Collection Companies Collections Collection Agent Collection Agencies 40

Troutman Sanders

JULY 7, 2021

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. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. Chicago Mayor Lori Lightfoot this week similarly announced an end to the collection of city debt, including late parking fines, through at least April 30.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

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.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Account Recovery

NOVEMBER 11, 2024

The Accounts Receivable Management and Revenue Cycle Management sectors are navigating significant headwinds that are reshaping how debts are collected heading into the final weeks of 2024, according to a report released recently by Corporate Advisory Solutions.

Student loans 162

Student loans Student Loans Healthcare Accounts Receivables Management 162

Account Recovery

JANUARY 22, 2025

The most notable were the failed efforts to eliminate lawfully contracted student loan debt, and the imposition of grossly improper bans on medical debt reporting. Neither of these positions were endorsed by a bipartisan collection of legislators.

Collections 243

Collections Financial services Accounts Receivables Management Student loans 243

Account Recovery

JANUARY 8, 2021

A pair of officials in the Trump administration with ties to the accounts receivable management industry announced their resignations yesterday in response to what happened in Washington, D.C., earlier this week. Betsey DeVos, the Secretary of Education, and Mick Mulvaney, the U.S.

Accounts Receivables Management 246

Accounts Receivables Management Education Student loans Student Loans 246

Account Recovery

JANUARY 21, 2021

President Joe Biden wasted no time getting to work after his inauguration yesterday, signing a number of executive orders, including at least one that will impact the accounts receivable management industry.

Accounts Receivables Management 147

Accounts Receivables Management Student loans Student Loans Loans 147