Nexa Collect
JUNE 24, 2023
You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. Work Environment : The work-from-home environment should be conducive to professional conduct.
Re:Ceeve
JULY 21, 2020
These portfolios are, for example, non-performing loans (NPLs) from banks and financial institutions or pooled portfolios in certain industries where individual claims are tiny, but number in the millions. Those days are long gone and so too should be the process of outsourcing collections.
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The Kaplan Group
APRIL 8, 2025
We explain all of these issues and provide sample language in our free downloadable Six Critical Terms to Enable Higher Collections ebook.
Collection Industry News
OCTOBER 19, 2020
The 2015 consent order also prohibited the defendants from filing collection litigation on accounts that were time-barred by the applicable statute of limitations. It also required that the defendants provide a specific time-barred debt disclosure if defendants were engaging in non-legal collection efforts on such accounts.
Account Recovery
DECEMBER 16, 2024
of the booklet brings several important updates for banks under OCC supervision, but these changes also carry implications for entities beyond traditional OCC-regulated institutions, such as debt collection agencies and fintech firms. Version 1.1 More details here.
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