Account Recovery

NOVEMBER 11, 2024

charged-off debt and increased lending are creating unprecedented opportunities for debt buyers and collection agencies, signaling a significant shift in the credit and collections landscape. where returns are highest, over strategic mergers and acquisitions. Why it matters: The surge in U.S. Learn more.

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Acquisition Collections Agency Collection Agencies Credit Management 130

Account Recovery

DECEMBER 30, 2021

ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services … The post Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market appeared first on AccountsRecovery.net.

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Acquisition Collections Legal Collections Debt Management 234

Account Recovery

JULY 13, 2023

Warminster, PA, July 13, 2023 – CORA Group (“CORA”) a subsidiary of Constellation Software Inc, is pleased to announce the acquisition of WebRecon LLC (“WebRecon”), a leading provider of litigation tracking and consumer risk management solutions for the credit and collection industry.

Acquisition 130

Acquisition Collections 130

Account Recovery

FEBRUARY 11, 2025

Coral Gables, FL February 10, 2025 Following the acquisition of AACANet, Pollack & Rosen, P.A. (P&R) The result is an innovative, technology-enhanced recovery platform that helps creditors navigate regulatory complexities, optimize performance, and ensure fair and ethical collections practices. About Pollack & Rosen, P.A.

Debt Recovery 130

Debt Recovery Acquisition Creditors Law Firms 130

Account Recovery

AUGUST 24, 2021

ONTARIO SYSTEMS CONTINUES BUYING SPREE WITH KATABAT ACQUISITION Continuing its spree of acquisitions in 2021, Ontario Systems yesterday announced it had purchased Katabat, the maker of a collection software platform. Terms of the deal were not disclosed.

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Acquisition Collections 246

Account Recovery

FEBRUARY 5, 2025

Provana, a leading provider of tech-enabled services for the financial and receivables management sector, today announced its acquisition of Palinode, a recognized leader in credit dispute management solutions for financial institutions.

Financial Institution 130

Financial Institution Acquisition Healthcare Financial services 130

Account Recovery

OCTOBER 20, 2022

Wakefield & Associates, an industry-leading collections and healthcare revenue cycle solutions company, today announces it has acquired the debt collection business of Choice Recovery, Inc., an Ohio-based nationally recognized collections provider.

Acquisition 245

Acquisition Healthcare Collections 245

Account Recovery

AUGUST 17, 2023

Getting to Know Jeff Chambers of Alliance Consumer Solutions David Williams Breaks Down Acquisition of RGS Financial Report Calls Out Five N.C.

Acquisition 130

Acquisition Collections 130

Account Recovery

AUGUST 24, 2020

EXCLUSIVE: GORDON BECK SHARES DETAILS OF COMPANY‘S FIRST ACQUISITION Valor Intelligent Processing (VIP), based in Jacksonville, Fla., recently completed its first-ever acquisition, purchasing Credit Protection Association (CPA), a collection and business-process outsourcing company based in Dallas.

Acquisition 113

Acquisition Collections 113

Account Recovery

MAY 6, 2022

(Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development. He will be based in New York.

Acquisition 246

Acquisition Loans Collections 246

American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

Collections 203

Collections Acquisition Collections Agency Collection Agencies 203

Account Recovery

JUNE 6, 2023

AMSTERDAM, June 6, 2023 — Atradius Collections has acquired Pro Kolekt group and expanded its presence to 40 countries in line with their mission to support their customers growth, wherever they trade in the world, by delivering local expertise in receivables management.

Acquisition 130

Acquisition Collections Trade 130

Account Recovery

JANUARY 7, 2025

The words used by a handful of professionals from across the credit and collection industry to describe 2024 paint a picture of hope, of optimism, of an excitement for what the future is going to bring. We also joined the trend in mergers and acquisitions by buying another agency.

Acquisition 130

Acquisition Collections 130

Account Recovery

JULY 21, 2023

Collector Sued for Sending Emails at Inconvenient Time Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit CFPB Report Spotlights Employer-Driven Debt Williams & Fudge Announces Acquisition of RGS Financial, Expanding its Market Presence and Strengthening (..)

Healthcare 130

Healthcare Acquisition Collections 130

Account Recovery

SEPTEMBER 19, 2024

The influence of these firms has transformed revenue cycle management (RCM), raising concerns about more aggressive debt collection practices and higher financial burdens on patients, according to a newly released report. Between the lines: Some private equity-owned RCM companies have been linked to more aggressive collection tactics.

Healthcare 130

Healthcare Collections Acquisition Collections Agency 130

Account Recovery

JULY 14, 2023

Issues with Validation Notice, Second Letter Lead Consumer to Accuse Collector of Violating FDCPA Appeals Court Largely Affirms Sanctions Against Plaintiff’s Attorney in FDCPA Case CFPB, State AGs Sue Company Over Illegal Collection, Marketing Practices State Court Judge Denies Certification, Dismisses FDCPA Suit for Lack of Standing CORA Group Announces (..)

Acquisition 130

Acquisition Collections 130

FFGN COLLECT NY

OCTOBER 4, 2022

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. That can be especially true when it comes to collecting accounts receivables.

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Acquisition Collections Construction Debtor 52

Account Recovery

MARCH 21, 2024

AG Seeks Injunction Against Debt Buyer, Collection Operation To Halt ‘Deceptive’ Practices Indiana Appeals Court Affirms Arbitration Ruling in FDCPA Class Action Frazier Healthcare Partners Announces Acquisition of RevSpring WORTH NOTING: […] Getting to Know Neil Mastellone of Velo Law Judge Orders Collector to Pay $1.2M

Acquisition 147

Acquisition Healthcare Collections 147

Account Recovery

SEPTEMBER 5, 2024

04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. WARMINSTER, Pa.,

Acquisition 130

Acquisition Credit Unions Credit Unions Construction 130

Account Recovery

AUGUST 25, 2023

A District Court judge in New York has adopted recommendations from a Magistrate Court judge and certified a class in a Fair Debt Collection Practices Act case that has been going on for nearly a decade. Palisades Acquisition XVI et al. A copy of the ruling in the case of McCrobie v. can be accessed […]

Acquisition 130

Acquisition Judgment Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 24, 2024

Debt collection fintech InDebted has raised $41 million in a Series C funding round, positioning the company for further global expansion and product development. What they’re saying: Craig Blair, Co-founder at Airtree, praised InDebted for its technological innovation, stating, “InDebted is rewriting the narrative on debt collection.

Acquisition 130

Acquisition Collections 130

True Accord

FEBRUARY 11, 2025

Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors. TrueAccord is a licensed, bonded, and insured collection agency in all jurisdictions where we collect.

Collections 56

Collections Acquisition Fair Debt Collection Government 56

On Guard

JANUARY 13, 2021

London, UK, 13 th January 2021 – Visma | Onguard, the fintech company dedicated to the order-to-cash process, today announces the acquisition of Dutch scale-up, Outstanding24 , taking over all activities and employees. Anton Maas, director of Outstanding24 comments, “For Outstanding24, the acquisition comes at the right time.

Acquisition 52

Acquisition Debtor Credit Management Debt Management 52

Re:Ceeve

JUNE 5, 2020

One of the biggest challenges in debt collections is trying to create an effective dunning process that ensures outstanding balances are settled promptly and customers remain loyal to your company. Customer-centric collections is different from regular debt management processes. Customer preference vs current collections strategy.

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Collections Acquisition Debt Management 83

Re:Ceeve

JUNE 12, 2020

Today, companies must think about the bigger picture by listening to customer needs, especially when it comes to debt collection. For years, companies have treated the debt collection process not as an opportunity, but as a relentless process of retrieving outstanding balances at all costs. What is customer self-service (CSS)?

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Collections Acquisition Retrieval Collection Agent 91

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Acquisition 52

Acquisition Credit Unions Credit Unions Financial Institution 52

Account Recovery

FEBRUARY 9, 2021

In issuing its debt collection rule, the Consumer Financial Protection Bureau had the opportunity to update a rule that had been left largely untouched since it went into effect more than 40 years ago. And, as has been discussed in previous videos, the CFPB did opt to modernize how debts are collected.

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Collections Acquisition 243

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Credit Unions 52

Credit Unions Credit Unions Acquisition Banks 52

Account Recovery

SEPTEMBER 12, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. Joey Nichols has spent his entire life in the collection industry. My family started Tri County Collection Agency in 1962.

Acquisition 130

Acquisition Collections Agency Collection Agencies Education 130

Account Recovery

MARCH 21, 2024

The Attorney General of Massachusetts is seeking a preliminary injunction against a number of companies owned by the same individual to halt what the AG calls harmful debt collection practices.

Collections 130

Collections Acquisition Judgment 130

Account Recovery

FEBRUARY 4, 2022

A District Court judge in Indiana has rejected a defendant’s request to lower the amount of attorney’s fees awarded in a Fair Debt Collection Practices Act case, because it was the defendants who prolonged the litigation until it became clear that a jury was going to determine whether a “highly sympathetic” plaintiff was entitled (..)

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Fair Debt Collection Collections Acquisition 246

True Accord

NOVEMBER 8, 2022

8, 2022 — TrueAccord Corp , a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, today announced it joined the Visa Fintech Partner Connect program. This distinction signals that TrueAccord’s debt collection solutions meet Visa standards and broader payments regulations.

Acquisition 114

Acquisition Financial services Collection Companies Collections 114

Account Recovery

OCTOBER 20, 2021

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act when it sent four letters to an individual that each offered to settle a debt for 50% of the balance owed, while noting that the defendant was not … The post SDNY Judge Grants MTD (..)

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Fair Debt Collection Collections Acquisition 240

Account Recovery

MARCH 5, 2021

A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer having a proper license to operate in the state, and that the … The post FDCPA Class-Action (..)

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Fair Debt Collection Collections Acquisition 211

True Accord

SEPTEMBER 24, 2020

Experian North America CEO Craig Boundy will discuss how his team leverages data and technology innovation beyond just customer acquisition but to also earn consumers’ loyalty for the long haul. New Approaches to Collections in Times of Crisis.

Acquisition 98

Acquisition Banks Collections 98

Jimerson Firm

FEBRUARY 6, 2024

In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Rollover equity is a purchase mechanism where the Seller receives stock or interests in the business post-acquisition as part of the sale.

Acquisition 59

Acquisition Government Collections 59

The Kaplan Group

JANUARY 7, 2021

How did Covid-19 and the resulting economic downturn affect the collections industry? TransUnion recently released a report on the state of Collections in 2020. 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. That’s a 2.5%

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Collections Collections Agency Collection Agencies Student Loans 59