Account Recovery

NOVEMBER 13, 2024

Why it matters: The CFPB’s report draws attention to how existing federal privacy protections, primarily governed by the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting Act (FCRA), have limitations in safeguarding consumer financial data.

Financial Institution 130

Financial Institution Government Banks Collections 130

Account Recovery

FEBRUARY 7, 2025

LOS ANGELES CSS IMPACT, the leading provider of AI-driven debt collection financial ecosystem solutions, through its specialized division, ImpactAI Solutions, is thrilled to announce the launch of groundbreaking advancements within the IMPACT Enterprise Debt Collections Software Suite: the Interactive Voice AI Smart Collectors, Ava and Ivan.

Collections 130

Collections Debt Recovery Financial Institution Debt Management 130

Account Recovery

JANUARY 29, 2025

Andersen’s illustrious career spans over three decades, during which she established herself as a leading authority on compliance within the collections, debt purchasing, and financial services industries. Rozanne built her career on advancing the interests of the debt collection industry like no other, said John H.

Collections 130

Collections Accounts Receivables Management Fair Debt Collection Financial services 130

Account Recovery

DECEMBER 16, 2022

One of the nation’s largest financial institutions has been ordered by a state court judge in California to pay $2 million after it was accused of violating the Rosenthal Fair Debt Collection Practices Act and the Fair Debt Collection Practices Act by making “harassing and annoying” debt collection calls to its customers.

Fair Debt Collection 189

Fair Debt Collection Collections Financial Institution 189

Account Recovery

FEBRUARY 25, 2025

Data from a new survey from reveals a sobering yet opportunity-rich snapshot for credit and collection professionals and the broader financial ecosystem — amid persistent stress and rising consumer expectations, theres a clear desire for more seamless, data-driven experiences that reduce friction in the repayment process.

Financial Institution 130

Financial Institution Collection Agencies Collections Agency Collections 130

Account Recovery

DECEMBER 19, 2022

The Office of the Comptroller of the Currency, in conjunction with the Federal Financial Institutions Examination Council, on Thursday released revised procedures for how its examiners will examine financial institutions for their compliance with the Fair Debt Collection Practices Act, incorporating the changes from Regulation F into their review.

Banks 244

Banks Financial Institution Fair Debt Collection Collections 244

Account Recovery

JANUARY 22, 2025

One silver lining for the credit and collection industry is that it appears consumers are going to be more focused on paying down their debt levels, according to data released yesterday by WalletHub. Learn more.

Financial Institution 130

Financial Institution Collections 130

Account Recovery

APRIL 6, 2025

The Consumer Financial Protection Bureau has officially signaled it plans to rewrite its small business lending data collection rule, known as Section 1071, following major leadership changes earlier this year.

Financial Institution 100

Financial Institution Trade Lender Financial services 100

Account Recovery

JUNE 28, 2021

NEVADA REGULATOR ANSWERS QUESTIONS ABOUT NEW MEDICAL DEBT COLLECTION LAW As evidenced by a recently held webinar on AccountsRecovery.net, there are a lot more questions than answers about a soon-to-be-enacted medical debt collection law in Nevada.

Financial Institution 246

Financial Institution Collections 246

Account Recovery

FEBRUARY 6, 2025

Getting to Know Bridget Thede of Simplicated Debt Buyer Files Motion for Sanctions in FCRA Case, Accuses Plaintiff of Doctoring Bank Statements Indiana Senate Committee Considers Bill to Reform Medical Debt Collection FCC Proposes $4.5M

Banks 130

Banks Financial Institution Collections 130

Account Recovery

JUNE 28, 2021

As evidenced by a recently held webinar on AccountsRecovery.net, there are a lot more questions than answers about a soon-to-be-enacted medical debt collection law in Nevada.

Collections 147

Collections Financial Institution Healthcare 147

Account Recovery

AUGUST 20, 2020

The Attorney General of Pennsylvania announced yesterday that it had entered into a voluntary agreement with a financial institution which will require the institution to stop engaging in what the AG described as “aggressive” debt collection practices.

Collections 147

Collections Financial Institution Banks Loans 147

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

Collection Agencies 130

Collection Agencies Collections Agency Financial Institution Collections 130

Account Recovery

JUNE 10, 2024

The Court of Appeals for the Fourth Circuit has affirmed the dismissal of a case filed by a contact center against a collection operation and its owner for allegedly concealing criminal activity by the owner that led the contact center to lose a contract with one of the nation’s largest financial institutions.

Financial Institution 130

Financial Institution Collections 130

Account Recovery

FEBRUARY 21, 2025

This insight holds significant implications for professionals in the credit and collection industry who are looking to enhance their strategies for engaging consumers with unpaid financial obligations. A recent survey by FICO reveals that customer experience (CX) is becoming increasingly important for U.S.

Banks 130

Banks Financial Institution Collections 130

Account Recovery

SEPTEMBER 6, 2024

The Consumer Financial Protection Bureau yesterday released its annual report on debt collection, focusing on two critical areas: medical and rental debt.

Collections 130

Collections Financial Institution Healthcare 130

Account Recovery

DECEMBER 16, 2024

She contended that the defendant, a financial institution, failed to properly investigate unauthorized transactions, continued billing during disputes, and reported inaccurate information to credit agencies without providing an option to “opt out.”

Fair Debt Collection 130

Fair Debt Collection Financial Institution Creditors Loans 130

Account Recovery

DECEMBER 15, 2022

More than one-third of respondents to a survey conducted by the education arm of a financial institution are carrying medical debt, and 82% of those people are having problems paying it off, according to a report highlighting the survey’s findings.

Financial Institution 245

Financial Institution Education Healthcare Collections 245

Nexa Collect

JUNE 21, 2023

Debt collection agencies are subject to various data security rules and regulations to protect consumer information. Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information.

Collection Agencies 130

Collection Agencies Collections Agency Collections Financial Institution 130

Qualco

APRIL 15, 2024

THE NEW ERA OF CONSUMER LENDING In today ’ s rapidly evolving financial landscape, the significant increase in consumer lending presents new challenges for financial institutions, particularly in managing collections.

Financial Institution 97

Financial Institution Collections Debt Recovery Unsecured Debt 97

True Accord

JANUARY 27, 2025

For consumer engagement in debt collection, many organizations and agencies have moved away from outbound calling but dont discount reaching out to consumers phones just yet! Why is SMS Critical in Collection Communications? This is my first time paying off a debt collection online by just receiving a text.

Collections 63

Collections Debt collector Fair Debt Collection Financial Institution 63

True Accord

JULY 13, 2023

If you’re a creditor or collector working with financially distressed borrowers, considering consumer situations and preferences when attempting to collect and employing digital strategies to boost engagement are more important than ever. What’s Impacting Consumers and the Industry? NPAS, Inc., to establish a concrete injury.

Financial Institution 70

Financial Institution Student loans Student Loans Loans 70

Account Recovery

SEPTEMBER 10, 2024

Velosidy is driving innovative changes for our Early Adopters, and we’re excited for the transformative impact our new SaaS platform will have on the greater collections industry,” said Tim O’Brien, Finvi CEO. Velosidy represents an exciting new chapter for Finvi and our valued clients.

Collections 130

Collections Healthcare Accounts Receivables Management Financial Institution 130

Account Recovery

SEPTEMBER 18, 2024

Another Judge Grants MTD in FDCPA Case Over Convenient Channel of Communication Appeals Court Vacates Ruling in Collections, Credit Reporting Case Text Messaging: The Next Frontier in Consumer Engagement for Financial Institutions 20 Companies Seeking Collection Talent WORTH NOTING: If you are looking for the secret to keeping good workers around, (..)

Financial Institution 130

Financial Institution Collections 130

Qualco

SEPTEMBER 12, 2023

A crucial initial step for financial institutions is to effectively categorise collaterals into primary segments such as residential and non-residential and secondary collateral subtypes including apartments, detached House, storehouses, parking, shop, plots, office, maisonette, land, industrial, hotel and other.

Collateral 105

Collateral Financial Institution Collections Loans 105

Jimerson Firm

DECEMBER 15, 2022

Financial institutions are often required to make tough decisions when they receive the daunting Form 668–A, “Notice of Levy” from the IRS concerning a delinquent taxpayer’s bank account. To collect unpaid taxes, 26. Practically any property owned by a taxpayer can be levied by the IRS to collect unpaid taxes.

Financial Institution 52

Financial Institution Banks Debtor Creditors 52

Nexa Collect

APRIL 11, 2021

The debt collection industry has been through one of its most difficult periods in modern history, and the recovery looks slow and prolonged. A national and, at the same time, a global recession has been caused, not by financial crises, but rather by an unexpectedly devastating health issue.

Collections 130

Collections Collection Agencies Collections Agency Construction 130

Qualco

DECEMBER 7, 2021

Customers are becoming more sophisticated and the same goes with the solutions they expect from financial institutions. Challenging the status quo for debt collection. Beyond doubt, the old-style debt collections approach has long been outdated. Customer analytics-driven approach for next-generation collections.

Collections 98

Collections Financial Institution Lender Financial services 98

True Accord

AUGUST 25, 2020

Banks are accelerating their adoption of new digital debt collection tools in anticipation of a “tidal wave of consumer debt issues” when government stimulus programs end and financial institutions stop offering forbearance and loan deferral options. About TrueAccord.

Collections 94

Collections Financial Institution Banks Construction 94

Qualco

NOVEMBER 30, 2021

The debt collections sector is facing several challenges, like many other sectors across Europe. Changing customer behavior due to the deterioration of their financial circumstances have led to an uptick in debt and collections activities as well. Control their cash collections and liquidity risk.

Collections 98

Collections Financial Institution Lender Creditors 98

Qualco

NOVEMBER 30, 2021

The debt collections sector is facing several challenges, like many other sectors across Europe. Changing customer behavior due to the deterioration of their financial circumstances have led to an uptick in debt and collections activities as well. Control their cash collections and liquidity risk.

Collections 98

Collections Financial Institution Lender Creditors 98

Account Recovery

FEBRUARY 14, 2024

There is yet another new startup in the industry that is using the power of artificial intelligence to help collect debts — Cambio, which is backed by Y Combinator, is leveraging AI to offer innovative solutions for both consumers and financial institutions.

Startups 130

Startups Financial Institution Banks Collections 130

Account Recovery

JANUARY 5, 2024

A trade group representing non-bank financial institutions that provide sales-based financing to businesses has filed a lawsuit against the Consumer Financial Protection Bureau claiming it has overstepped its authority by issuing a rule regulating how lenders must collect and submit data related to small business lending activities.

Financial Institution 130

Financial Institution Trade Lender Banks 130

Collections Law

MARCH 14, 2025

Collecting on that judgment requires finding the money, sometimes by uncovering the debtors assets. Cohen & Associates LLC, our commercial collections attorneys are relentless. Cohen & Associates LLC, our commercial collections attorneys are relentless. Successful debt collection also requires persistence.

Judgment 52

Judgment Debtor Commercial Collection Debt Recovery 52

FFGN COLLECT NY

NOVEMBER 4, 2021

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. To ensure the best possible outcome, you’ll want to make sure you have a good collection attorney who knows how to maneuver through New York’s liberal enforcement policies.

Judgment Enforcement 98

Judgment Enforcement Judgment Collections Financial Institution 98

Nexa Collect

SEPTEMBER 15, 2020

Need a Collection Agency – Serving Nationwide? The financial pressures have triggered feverish increases in the number of loan impairments for residential and commercial real estate loans. Historically, delinquency and default rates are time delayed, adding to the uncertainty faced by financial institutions.

Collection Agencies 130

Collection Agencies Collections Agency Lender Collections 130

FFGN COLLECT NY

MARCH 15, 2022

It’s important you verify the information contained in a debt collection affidavit before you sign it. An affidavit is sworn testimony used to support your debt collection case. Chase was one of 13 financial institution censured for robo-signing documents in support of debt collection suits and foreclosure.

Collections 98

Collections Judgment Foreclosure Financial Institution 98