Account Recovery
JANUARY 17, 2025
The Consumer Financial Protection Bureau yesterday announced a settlement with the National Collegiate Student Loan Trusts (NCSLTs) to resolve allegations of defective debt collection practices. If approved by the court, the stipulated judgment will require the NCSLTs to provide $2.25 million in redress to consumers and implement corrective actions to address the alleged violations.
Burt and Associates
JANUARY 17, 2025
In the world of business, financial health is everything. Companies thrive or falter based on their ability to manage resources effectively and meet short-term obligations. Enter the acid test , also known as the quick ratio , a vital financial metric that helps assess a companys immediate liquidity. This ratio provides insight into whether a business can cover its short-term liabilities without relying on the sale of inventory, making it an invaluable tool for business owners and financial mana
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Account Recovery
JANUARY 17, 2025
A District Court judge in New Jersey has granted a defendant’s motion to dismiss a Telephone Consumer Protection Act case after it was accused of using an automated telephone dialing system when attempting to contact the plaintiff, ruling that the plaintiff’s allegations were insufficient to support the claim. The background: The case stemmed from a series of phone calls made by the defendant, a debt collection company, to the plaintiff’s personal cell phone between May and Jul
PDC Flow
JANUARY 17, 2025
In todays fast-paced business world, operational efficiency is key to staying ahead. Businesses face constant challenges in streamlining business processes, maintaining compliance, and enhancing customer experiencesall while keeping operational costs low. To help address these issues, PDCflow recently hosted a webinar titled Boost Operational Efficiency with Bulk Flows, Custom Branding, and Automated Reminders, featuring Kristen Makanoa, our resident workflow expert and Product Manager.
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
JANUARY 17, 2025
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!
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 17, 2025
The Biden-Harris Administration yesterday announced its last wave of student loan relief, approving more $600 million in forgiveness for 4,550 borrowers via the Income-Based Repayment (IBR) Plan and granting 4,100 individual Borrower Defense approvals. This marks a total of $188.8 billion in student debt relief for 5.3 million borrowers during President Bidens term.
Account Recovery
JANUARY 17, 2025
Collector Sued for Contacting Plaintiff at Work Judge Dismisses TCPA Case Against Collector Biden-Harris Administration Caps Historic Run of Student Loan Forgiveness CFPB Secures Settlement with NCSLTs Over Debt Collection Lawsuits WORTH NOTING: The useful things you should have in your junk drawer … Tips to help boost your negotiation skills that you can use in everyday situations … Why you should wait to unpack after you get home from a trip … A study reveals how to tell if y
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