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The Consumer Financial Protection Bureau yesterday announced an enforcement action against Performant Recovery, Inc., a debt collection agency accused of delaying student loan rehabilitations to increase fees. Performants practices, which cost individual borrowers thousands of dollars, have resulted in a $700,000 penalty and a ban on the company from servicing or collecting any student loan debt.
Cash flow is key to the running of business operations, so unpaid customer invoices can create significant challenges There are several ways to recover the debt and with that in mind, you may be wondering what is a charging order and can it help? According to a survey from Capital on Tap reported by On The Tools , businesses in the UK are due 7.4bn in overdue invoices.
A District Court judge in Washington has given final approval to a $5.6 million settlement in a data breach lawsuit against Receivables Performance Management, a Washington-based collection agency, which compromised the personal information of over 3.7 million individuals. The breach, which occurred in April 2021, involved a ransomware attack on the companys servers.
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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?
Even with near-universal Medicare coverage, older adults in the U.S. face substantial financial barriers to accessing necessary medical care. A new Commonwealth Fund survey highlights the growing strain of medical debt on this demographic, with implications for health outcomes and debt collection trends. By the numbers: The big picture: While Medicare Advantage plans offer some cost caps and expanded coverage for services like vision and dental, affordability gaps persist.
Plaintiff Seeks $30k in FDCPA Suit Collector Settles Data Breach Lawsuit for $5.6 Million Performant Recovery Penalized $700,000 for Delayed Loan Relief Scheme Older Americans Struggle with Medical Debt Amid High Out-of-Pocket Costs InDebted Announces Acquisition of Receeve to Transform Enterprise Collections Market WORTH NOTING: The best Lego sets for kids … Vehicles with taller front ends are, perhaps not surprisingly, more dangerous for pedestrians … What those mysterious sounds m
Plaintiff Seeks $30k in FDCPA Suit Collector Settles Data Breach Lawsuit for $5.6 Million Performant Recovery Penalized $700,000 for Delayed Loan Relief Scheme Older Americans Struggle with Medical Debt Amid High Out-of-Pocket Costs InDebted Announces Acquisition of Receeve to Transform Enterprise Collections Market WORTH NOTING: The best Lego sets for kids … Vehicles with taller front ends are, perhaps not surprisingly, more dangerous for pedestrians … What those mysterious sounds m
InDebted, the global partner in collections solutions for future-thinking organizations, today announced the acquisition of Receeve, a leading collections decisioning software provider. As financial institutions seek modern alternatives to outdated collection methods, this strategic acquisition enables InDebted to service the entire collections lifecycle from pre-delinquency through to resolution, with Receeve optimizng internal debt collection strategies through data analytics and machine lear
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