Account Recovery

DECEMBER 10, 2024

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.

Student loans 130

Student loans Student Loans Loans Collections Agency 130

Hudson Weir

DECEMBER 10, 2024

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.

Creditors 52

Creditors Debtor Debt Recovery Legal Rights 52

Account Recovery

DECEMBER 10, 2024

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.

Collections Agency 130

Collections Agency Collection Agencies Collections 130

Account Recovery

DECEMBER 10, 2024

EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!

Fair Debt Collection 130

Fair Debt Collection Collections 130

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Account Recovery

DECEMBER 10, 2024

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

Acquisition 130

Acquisition Financial Institution Collections Collections Agency 130

Account Recovery

DECEMBER 10, 2024

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

Acquisition 130

Acquisition Loans Collections 130