Wed.Jul 10, 2024

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Strategy3 Enhances Expertise with Addition of Two Senior Consultants

Account Recovery

WEST POINT, Utah, July 9, 2024 – Strategy3, a leading AI consulting firm specializing in the Accounts Receivable Management (ARM) industry, today announced the appointment of industry veterans Jeremy Mapes and Matt Kiefer as Senior Consultants.

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FFIEC Publishes 2023 Data on Mortgage Lending

Consumer Finance

The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.

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Daily Digest – July 10. Appeals Court Overturns Summary Judgment for Defendants in Case Over Call Frequency; CFPB Takes Action Against Bank

Account Recovery

Appeals Court Overturns Summary Judgment for Defendants in Case Over Call Frequency CFPB Takes Action Against Bank Collector Reveals Data Breach Affected Twice as Many People as Originally Disclosed 23 Companies Seeking Collection Talent WORTH NOTING: Secrets to help you fit more things in your suitcases … How hot is it in Arizona right now?

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How to Increase Working Capital for your Organisation

Qualco

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. 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. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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CFPB Takes Action Against Bank

Account Recovery

The Consumer Financial Protection Bureau yesterday announced a pair of enforcement actions against Fifth Third Bank, including force-placing unnecessary auto insurance and opening unauthorized accounts. The bank will pay fines and customer restitution in the amount of $20 million.

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Collector Reveals Data Breach Affected Twice as Many People as Originally Disclosed

Account Recovery

A Pennsylvania-based debt collector that initially reported a data breach back in April that impacted 2 million individuals has filed an updated notice that reveals the number of impacted consumers is more than double that amount and that their medical information was among the information that was compromised.