Wed.May 15, 2024

article thumbnail

Are the Dominos About to Start Falling?

Account Recovery

I came across a trio of articles recently that seem to overlap and connect with one another. The articles paint a picture for the economy and the accounts receivable management industry while also providing context about a hot-button topic — credit reporting.

article thumbnail

How consumers can have a positive experience with a debt collector

American Profit Recovery

If you are a consumer, struggling with debt, you should know that not only can debt collectors help you navigate a challenging financial situation, but you can also have a positive experience and favorable outcome. Gone are the days when collectors just got on the phone and demanded full payment. That’s not the way debt collections work. A professionally trained collector listens to consumers, seeks to understand unique situations, and creates an environment where two people can reach a so

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Judge Grants MSJ for Defendant in FDCPA Case

Account Recovery

A District Court judge in Massachusetts has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act lawsuit, ruling that the defendant was the rightful owner of the accounts in question, was allowed to report the debts to the credit reporting agencies, responded to the plaintiff’s validation requests, and did not […]

article thumbnail

Statement on Supreme Court Decision in CFPB v. CFSA

Consumer Finance

The Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services Association of America.

article thumbnail

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!

article thumbnail

Daily Digest – May 15. Judge Grants MSJ for Defendant in FDCPA Case; How 90% of Employees at One Fintech are Using ChatGPT to Help Them Work

Account Recovery

Judge Grants MSJ for Defendant in FDCPA Case How 90% of Employees at One Fintech are Using ChatGPT to Help Them Work Are the Dominos About to Start Falling?

More Trending

article thumbnail

26 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.

article thumbnail

Ways to Cut Your Expenses And Get Out of Debt on a Low Income

Sawin & Shea

Being in debt is stressful, but trying to pay it off with a low income can feel like an impossible task. However, there are ways to cut your expenses and chip away at what you owe through smart financial management techniques and budget-friendly strategies. With some frugal living tips and discipline, you can regain control of your finances. Make a Debt Payment Plan The first step is getting organized by listing out all your debts – the creditor, interest rate, minimum payment, and total balance

article thumbnail

How 90% of Employees at One Fintech are Using ChatGPT to Help Them Work

Account Recovery

A lot of companies are trying to figure out whether it’s safe to allow employees to use artificial intelligence and Large Language Models like ChatGPT, and if it is, what limits or guardrails — if any — need to be put on that usage.

130
130