Fri.May 24, 2024

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The Impact of Timing Can Maximize Payment Collection

Enterprise Recovery

Timing plays a crucial role in optimizing payment collection strategies. Payment deadlines, reminders and utilizing technology can help increase the likelihood of on-time payments. The basic gist is this - the sooner you can attempt to collect on past-due payments, the more successful you will be. Strategically timing payment collection efforts can enhance the overall collection process and increase the success rate in recovering past-due payments.

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Judge Grants MSJ For Defendant in FDCPA Bona Fide Error Case

Account Recovery

A Magistrate Court judge in Colorado has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case on the grounds that it was entitled to the “bona fide error” defense after it was accused of misrepresenting the debt that the plaintiff owed.

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CFPB Director Rohit Chopra’s UC Irvine Law Review article on enforcing the post-financial crisis ban on abusive conduct.

Consumer Finance

CFPB Director Rohit Chopra published a UC Irvine Law Review article on enforcing the post-financial crisis ban on abusive conduct.

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Daily Digest – May 24. Collector Sued for Not Believing Debt Was Paid; Judge Grants MSJ For Defendant in FDCPA Bona Fide Error Case

Account Recovery

Collector Sued for Not Believing Debt Was Paid Judge Grants MSJ For Defendant in FDCPA Bona Fide Error Case Minnesota Governor Signs Medical Debt Fairness Act Into Law Agency Receives Temporary C&D For Collecting in Connecticut Without License WORTH NOTING: Expect more traffic and bad weather if you are hitting the roads for Memorial Day […]

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Solve Your Firms Automation Complexities Once and For All

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.

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SEIS & EIS Loss Relief For Insolvent Companies: Our Guide

Hudson Weir

In this guide we’ll explain how SEIS and EIS loss relief works if a company you invest in becomes insolvent or enters liquidation. In the tax year 2021-22, there was record interest in the EIS scheme. Nearly 5,000 firms raised a total of £2.3bn in funds under the EIS scheme, according to government statistics. There are several tax incentives that appeal to investors with these two schemes – for example, EIS deferral relief and SEIS tax relief.

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Proposed Amendments to the Florida Rules of Civil Procedure: A Brief Guide to Possible Changes in 2025

Jimerson Firm

In a significant move aimed at enhancing the efficiency and effectiveness of civil litigation, the Florida Supreme Court has issued two [1] separate [2] per curiam opinions introducing substantial amendments to the Florida Rules of Civil Procedure (the “Rules”). Set to take effect on January 1, 2025, these changes are designed to streamline case management, encourage cooperation among parties, and, ultimately, expedite the resolution of civil disputes.

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Agency Receives Temporary C&D For Collecting in Connecticut Without License

Account Recovery

The Connecticut Department of Banking has issued a temporary order to cease and desist against a Texas-based collection agency for operating in the state without the required license. This action comes after a consumer complaint and subsequent investigation revealed multiple violations of Connecticut state laws and the Fair Debt Collection Practices Act.

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Collector Sued for Not Believing Debt Was Paid

Account Recovery

EDITOR’S 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?

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