Account Recovery
MARCH 14, 2025
A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. The collection agency may be associated with a debt buying operation that also recently shut its doors.
Account Recovery
MARCH 11, 2025
Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nexa Collect
JUNE 18, 2023
A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?
Account Recovery
JANUARY 13, 2021
All certification categories—which includes debt buying companies, collection agencies, collection law firms, brokers, … The post RMAI Receivables Management Certification Program Continues to Expand – Certifies First Process Server appeared first on AccountsRecovery.net.
Account Recovery
SEPTEMBER 19, 2024
These firms have been instrumental in creating and collecting medical debt through strategic acquisitions of hospitals, health systems, and debt collection agencies. This approach enables them to extract more value from every stage of the healthcare payment process.
Account Recovery
MARCH 15, 2023
In a development that was first pointed out by the team at Troutman Pepper, the Governor of Wyoming has signed a bill into law that requires debt buyers to be licensed as collection agencies starting later this year. A copy of the bill — House Bill 284 — can be accessed by clicking here.
Collection Industry News
DECEMBER 25, 2023
New YorkCNN — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Colorado recently enacted a similar ban.
Expert insights. Personalized for you.
130 
Let's personalize your content