Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

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Better Credit Blog

AUGUST 17, 2020

With the advice featured below, you can easily dispute your debt, negotiate with Cavalry SPV I LLC, and get the agency’s entry removed from your credit report. Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. What Is Cavalry SPV I LLC?

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Fico Collections

FEBRUARY 16, 2021

In this instance the bank in question had ended up offering struggling borrowers unaffordable or unsustainable payment plans that were likely to put them under pressure to prioritise the debts ahead of other critical financial responsibilities. Forbearance Best Practice and Upholding Customer Engagement Standards.

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Better Credit Blog

AUGUST 22, 2020

CCS Offices, is a medium-sized debt collection agency headquartered in Norwood, MA. They were founded in 1969 in Delaware and make their money by collecting debts on behalf of creditors or by purchasing debts from creditors. Never allow them direct access to your bank account. What is CCS Offices?

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Better Credit Blog

SEPTEMBER 18, 2020

CACH LLC is a medium-sized debt collection agency that is headquartered in Greenville, SC. Founded in 2005 in Colorado, they specialize in debt collection on the behalf of financial institutions. Never allow them direct access to your bank account. What is CACH LLC?

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Collection Industry News

JUNE 14, 2021

In 2018, Homeland Security Investigations agents got a search warrant and seized $242,088 from Nocera’s business and personal bank accounts, after convincing a judge there was probable cause to believe the funds were derived from unlawful debt collecting and wire fraud. The settlement also permanently banned them from debt collection.

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Troutman Sanders

MAY 5, 2022

The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. The institutions disclosed when the funds were delivered to the designated recipient’s bank, but not the date on which the funds would be available to the recipient.

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Fico Collections

JANUARY 18, 2023

A mass of digital solutions and fintech innovations offering real-time Open Banking data alongside transactional insight into customer affordability and vulnerability are being touted to Tier-1 lenders. These can be categorised, put in the hands of a collection agency, or sent for alternative, lower cost treatments.

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Collection Industry News

MAY 9, 2022

The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. The institutions disclosed when the funds were delivered to the designated recipient’s bank, but not the date on which the funds would be available to the recipient.

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Troutman Sanders

JUNE 14, 2023

On June 8, the Federal Trade Commission (FTC) announced that it had conducted a new analysis, which shows that bogus bank fraud warnings were the most common form of text message scam reported to the agency, and that many of the most common text scams impersonate well-known businesses. For more information, click here.

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Troutman Sanders

FEBRUARY 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. For more information, click here.

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The Kaplan Group

JANUARY 7, 2021

There are fewer third-party collections agencies. The number of collection firms has been in decline since 2011, from 9,400 to 7,401 in 2018. While much of the decline is due to mergers and acquisitions, the majority of firms that simply closed were small, local firms or larger agencies with heavy overhead.

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Account Recovery

DECEMBER 10, 2024

InDebted, the global partner in collections solutions for future-thinking organizations, today announced the acquisition of Receeve, a leading collections decisioning software provider. About InDebted InDebted is a debt collection partner for future-thinking organizations.

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Troutman Sanders

SEPTEMBER 21, 2020

On September 17, 2020, the Federal Reserve Board released its hypothetical scenarios for a second round of bank stress tests. Earlier this year, the first round of stress tests found that large banks were well-capitalized under a range of hypothetical events. securities, and banking flows was a net TIC outflow of $88.7

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Troutman Sanders

JUNE 1, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance.

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