Account Recovery
JUNE 26, 2024
Judge Awards $14k in Damages, Attorney’s Fees in FDPCA Default Judgment Over Missing Dispute Flag AI Taught To Interpret Human Emotions in Real-Time Court Approves $3.
UK debt collections
JUNE 26, 2024
New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern. Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% warning the issue has become much worse. That is substantially down on the 28% of firms saying late payment problems had worsened in the past 12 months which included 7% saying it had become much worse when the
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Account Recovery
JUNE 26, 2024
Global expansion to bring innovative, efficient, and compliant solutions to clients and service providers facing cost challenges and capacity constraints. BONITA SPRINGS, Fla., June 25, 2024 — TRAKAmerica (Data Search NY Inc.) is pleased to announce the acquisition of KnovaOne, a fast-growing business process outsourcing company with demonstrated legal and accounts receivable management industry experience.
Collection Industry News
JUNE 26, 2024
A U.S. bankruptcy judge on Friday approved Rite Aid’s restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders. U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid’s bankruptcy plan at a court hearing in Trenton, New Jersey, saying that the restructuring had saved the company from having to shut down and liquidate operations.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Account Recovery
JUNE 26, 2024
A District Court judge in Pennsylvania has approved a $3.65 million settlement in a class-action lawsuit involving convenience fees charged by a student loan servicer to consumers making payments.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 26, 2024
A District Court judge in Michigan has awarded a plaintiff $6,000 in damages plus more than $8,500 in attorney’s fees in a default judgment against a collection operation that was accused of violating the Fair Debt Collection Practices Act by not marking an account furnished to the credit reporting agencies as disputed.
Account Recovery
JUNE 26, 2024
Finnish researchers have developed an AI model that interprets human emotions in real-time, a breakthrough that holds significant implications for professionals in the credit and collection industry, according to a published report.
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