Appeals Court Rules Against Federal Government in FDCPA Case
Account Recovery
OCTOBER 4, 2021
There are limits to what the Fair Debt Collection Practices Act can be used for, and even the federal government is not immune to learning those lessons.
Government is Making Debt Recovery a lot Harder
Nexa Collect
JANUARY 14, 2023
The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. . There are thousands of collection agencies in the USA, but most are small. New Regulations.
Debt Recovery 
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Swiss Government takes debt collection action over unpaid fees
UK debt collections
NOVEMBER 5, 2021
The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid repatriations. Swiss authorities have begun debt collections against people who were flown back to the country at the government’s expense at the start of the pandemic. . million of an estimated 7.5
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Government slammed over plans that will fuel Private Rent Arrears
UK debt collections
OCTOBER 8, 2024
Government Ministers are being urged to do more to prevent tenants building up private rent arrears, not allow them to get bigger as currently planned. The Government and the courts should adopt the NRLA’s ready-made ‘golden rules’ as the blueprint to help such discussions.
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Daily Digest – May 4. Hunstein-Related Class Actions Continue Piling Up; Cordray Back in Federal Government
Account Recovery
MAY 4, 2021
HUNSTEIN-RELATED CLASS ACTIONS CONTINUE PILING UP The number of 1692c(b) lawsuits alleging that a debt collector communicated information with a third party in violation of the Fair Debt Collection Practices Act continues to explode in the weeks following the Eleventh Circuit Court of Appeals’s ruling in Hunstein v.
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Ed. Dept. Delays Start of Student Loan Collections Until 2025
Account Recovery
OCTOBER 23, 2024
The Department of Education is making its student loan collection on-ramp a little longer, announcing that it will start reporting late or missed student loan payments to credit bureaus in early 2025, a delay from the originally planned start date this month.
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Consumers want New Government to act on Late Payments
UK debt collections
JULY 12, 2024
Xero, the global small business platform, today announced the findings of its ‘Settle Up’ report, which found 62 per cent of UK consumers surveyed expect tackling late payments to be a priority for government. 3 in 4 consumers (77 per cent) believe it falls to the government to make businesses behave responsibly.
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Report Details Collection Efforts of Agencies Working IRS Accounts
Account Recovery
JANUARY 9, 2023
Comparing your collection efforts to that of your peers is tough. So, when information about collection performance is publicized — audited information signed off on by the federal government — it’s worth publicizing. Companies can be reluctant to share specifics and may even present misleading information.
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GAO Reviews Debt Collection Rule
Account Recovery
FEBRUARY 3, 2021
The Government Accountability Office has issued a report analyzing the Consumer Financial Protection Bureau’s compliance with procedural steps related to its release of the debt collection rule, which the GAO is required to perform and provide to both houses of Congress. A copy of the report can be accessed by clicking here.
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CFPB, NY AG Get Partial Win in Collection ‘Kingpin’ Property Transfer Case
Account Recovery
SEPTEMBER 26, 2024
Another twist and turn in the saga of the Consumer Financial Protection Bureau trying to get money from former collection “kingpin” Douglas MacKinnon to satisfy a $60 million judgment. MacKinnon and a number of other defendants were ordered in 2019 to pay $60 million in redress to consumers and in civil penalties.
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Colorado AG Issues Guidance Related to Collection Agencies Working Remotely
Account Recovery
AUGUST 23, 2022
The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the new law, including collection agencies, (..)
MP’s lobby Government for new Debt Collection Laws
UK debt collections
JUNE 23, 2020
A mixed party collaboration of MP’s has written to the Chancellor requesting new legislative measures to reform the government’s debt collection practices. The Bill would see an end to what the MP’s call ‘outdated regulations’ on the government’s debt collection practices.
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Government vows to act on SME late payments
UK debt collections
OCTOBER 4, 2023
The UK government has launched tougher measures to tackle SME late payments to small businesses as part of its upcoming Prompt Payment & Cash Flow Review. Following consultation, the government will take forward legislation to extend payment performance reporting obligations.
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Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program
Account Recovery
NOVEMBER 3, 2021
A nonpartisan public policy institute that is part of Congress has published a report on the Internal Revenue Service’s Private Collection Agency program, detailing its history and sharing the pros and cons of using private companies to collect on debts owed by taxpayers to the federal government.
Processor With Ties to Collection Agencies Drops Challenge to Seized $400k
Account Recovery
APRIL 18, 2022
A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report.
Hearing Today to Discuss Rules Implementing N.M. Medical Debt Collection Law
Account Recovery
SEPTEMBER 27, 2021
A virtual hearing is being held this morning, and comments are due later this afternoon to the New Mexico Office of Superintendent of Insurance to implement a new law that went into effect this year governing how medical debt is being collected. Medical Debt Collection Law appeared first on AccountsRecovery.net.
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BIS sends government debt warning before important elections
Collection Industry News
JUNE 24, 2024
LONDON, June 30 (Reuters) – The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets. Global government debt is already at record levels and elections ranging from the U.S. “You really want to avoid that.”
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We are “all in” when advocating for the collection industry
American Profit Recovery
AUGUST 11, 2021
That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. No government or elected official can be educated on every issue that lies in front of them. We have always wanted to do our part.
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Government to review UK Small Business Late payments
UK debt collections
DECEMBER 6, 2022
The government is to review worsening UK Small Business late payments it has been announced. The government also urged larger businesses to pay their suppliers promptly. Small Business Debt Collection action urgent. Uk Debt Collection News has issued the call for more action to be taken.
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Industry Files Suit to Block Enactment of Nevada Medical Debt Collection Law
Account Recovery
JUNE 29, 2021
A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.
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Hearing Today in Industry Case Against New Nevada Medical Collection Law
Account Recovery
JULY 27, 2021
A hearing is scheduled for this afternoon in before a federal judge in Nevada courtroom attorneys representing a dozen collection agencies and ACA International will seek to obtain a temporary restraining order blocking legislation that governs how medical debts are collected in the state. The law went into effect on July 1.
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9 mistakes your business may be making when collecting debt
American Profit Recovery
SEPTEMBER 6, 2023
Collecting debt is just something a business of any size will have to do. Not getting paid on time for many businesses can create an environment where that business makes mistakes in collecting that debt. At the very least, your business should understand the Fair Debt Collection Practices Act (FDCPA.)
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Ensuring Regulatory Compliance with the Right Debt Management & Collections System
Qualco
OCTOBER 21, 2024
As debt collection becomes increasingly complex, regulatory compliance has shifted from a legal necessity to a strategic pillar for building trust, operational efficiency, and long-term re s ilience. Improve collection rates , minimise legal risks and reduce costs.
Charity’s plea to restrict Council tax Debt Collection
UK debt collections
SEPTEMBER 12, 2024
The Charity, National Debtline says action is needed to improve debt collection practices at a effectively-bankrupt authority. It urged the council – which last year declared itself effectively bankrupt – to commit to improving the way it collected council tax arrears and other debts. ” Across England and Wales, 2.71
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Government ban on No Fault Evictions
UK debt collections
MAY 18, 2023
The Government has announced new private rented sector reforms. The Renters’ (Reform) Bill, introduced to Parliament will abolish section 21 no fault evictions which will empower renters to challenge poor landlords without fear of losing their home.
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CFPB Partners With Local Governments to Protect Consumers
Troutman Sanders
NOVEMBER 22, 2022
According to the CFPB, one of the major ways it regulates consumer financial products and protects consumers from unfair practices is through collecting and responding to consumer complaints. The CFPB recently launched an initiative to increase the impact of its complaint data by sharing it with local governments.
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Ed. Dept. Will Not Use Tax Refunds, Social Security to Collect on Defaulted Student Loans Until November
Account Recovery
FEBRUARY 16, 2022
The Department of Education has announced it will suspend the seizure of tax refunds, Social Security payments, and other government payments to collect on defaulted student loans through November. Will Not Use Tax Refunds, Social Security to Collect on Defaulted Student Loans Until November appeared first on AccountsRecovery.net.
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Judge Denies MTD in Case Against Collection ‘Kingpin’ For Attempting to Keep House From Being Seized
Account Recovery
OCTOBER 29, 2021
A District Court judge in New York has denied a motion to dismiss a complaint filed against a collection “kingpin” and his family by the Consumer Financial Protection Bureau after they were sued for attempting to fraudulently transfer ownership of a $1.6
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4 Advantages of AI in Debt Collections
Qualco
APRIL 18, 2024
In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. You can view it here. Download it here.
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Daily Digest – June 29. Industry Sues Nevada to Block Collection Law; Judge Grants MSJ For Defendant Over Credit Karma Report
Account Recovery
JUNE 29, 2021
INDUSTRY FILES SUIT TO BLOCK ENACTMENT OF NEVADA MEDICAL DEBT COLLECTION LAW A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.
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Massachusetts debt collection laws: What do business owners need to know?
Collections Law
OCTOBER 21, 2024
Cohen & Associates LLC, our commercial collections lawyers have more than 50 years of combined experience. They have dedicated their practice to collecting commercial debts in Massachusetts. What are the most important Massachusetts debt collection statutes for business owners? At Law Offices of Alan M.
Artificial Intelligence in Collections Industry
Nexa Collect
JUNE 10, 2023
AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.
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Questions to ask a commercial collection agency before hiring
American Profit Recovery
FEBRUARY 9, 2023
A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.
TCPA’s 2015 Government-Debt Collection Exception Struck Down- Now What?
Collection Industry News
AUGUST 4, 2020
American Association of Political Consultants held the government-debt exception of the TCPA unconstitutional under the First Amendment’s Free Speech Clause. In particular, the 2015 amendment to add a new exception only for unsolicited automated calls related to the collection of debts on behalf of the federal government.
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Shock as Government extends Commercial Eviction ban
UK debt collections
JUNE 17, 2021
The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. In order to ensure landlords are protected, the government is making clear that businesses that are able to pay rent, must do so.
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How can Collection Agencies Maintain a Good Reputation?
Nexa Collect
JANUARY 25, 2023
Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline.
How to Choose the Best Collection Software
Qualco
FEBRUARY 13, 2024
In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. You can view it here. Download it here.
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These words help define the future of debt collections
American Profit Recovery
JUNE 28, 2023
There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.
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Collection Agency Wins MSJ Against S.C. AG in Anti-Spoofing Lawsuit
Account Recovery
JULY 14, 2022
AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.
5 Essential Debt Collection Software Features
Qualco
OCTOBER 16, 2023
In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. You can view it here. Download it here.
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AI Governance: A Critical Component of Corporate ESG Initiatives
Fico Collections
AUGUST 3, 2022
AI Governance: A Critical Component of Corporate ESG Initiatives. I spoke about governance, the ‘G’ in corporate environmental, social and governance (ESG) programs. From your perspective, why is governance critical when it comes to artificial intelligence? Why is AI governance a Board-level conversation?
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The Role of AI Model Governance
Fico Collections
DECEMBER 16, 2021
A few weeks back I had the pleasure of participating in a LinkedIn Live broadcast with Scott Zoldi, FICO’s Chief Analytic Officer on the topic of model governance & artificial intelligence. When it comes to good model governance, ensuring complete and robust model documentation is very important. Document, document, document!
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Map shows where Bailiffs in London are most used to collect debts
UK debt collections
OCTOBER 4, 2024
The London Borough of Croydon sends out the highest number of bailiffs in all of England and Wales to collect debts, according to a new interactive map. It sent out the most bailiffs for debt collection in London between 2022 and 2023, a staggering 86,295 referrals, with 36,122 of these referrals for council tax arrears.
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Prepared Remarks of CFPB Director Rohit Chopra at Rutgers Law School Center for Corporate Law and Governance
Consumer Finance
APRIL 9, 2024
CFPB Director Rohit Chopra provided remarks at Rutgers Law Center School Center for Corporate Law and Governance on student-loan securitization.
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