Consumer Finance
OCTOBER 9, 2024
The CFPB banned private dispute resolution platform Ejudicate from arbitrating disputes about consumer products after it misled borrowers about its neutrality and initiated sham arbitration proceedings.
Account Recovery
OCTOBER 9, 2024
If you go to a store or a website and they don’t have what you are looking for, do you settle for something similar or go somewhere else and get what you want? In a lot of cases, you’re not going to settle for what’s being offered to you. You’re going to go where they have exactly what you want. In a lot of ways, what is on your portal is the same experience.
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On Guard
OCTOBER 9, 2024
The surge in popularity of ChatGPT in late 2022 has put AI in the spotlight for its potential to streamline work processes in every business, including the finance sector. How do organisations perceive and leverage AI to optimise their processes and what is the role of the finance professional in this landscape? This is what we attempted to explore in our latest research, entitled “ The future of credit management: AI and the role of the finance professional ”, deriving input from 30 interim pro
Account Recovery
OCTOBER 9, 2024
Judge Grants MSJ For Defendant in FDCPA Case Over Debt Amount Collection Manager Sentenced to 21 Months for Role in $2M Scam The Critical Role of Payment Options in Maximizing Collections 25 Companies Seeking Collection Talent WORTH NOTING: How much time and money you are losing by being stuck in traffic everyday … Human life expectancy has reached its maximum, according to new research … A lot of people think that Starbucks is not affordable, compared to other coffee chains …
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?
Collection Industry News
OCTOBER 9, 2024
WASHINGTON – The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing [1] for the October – December 2024 and January – March 2025 quarters.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 9, 2024
A District Court judge in Georgia has adopted a Magistrate Court’s recommendation and granted a defendant’s motion for summary judgment in two Fair Debt Collection Practices Act cases that argued that the balance of a judgment owed to the plaintiff by the creditor should have reduced the balance being sought by the defendant to collect on a separate debt.
Account Recovery
OCTOBER 9, 2024
Erica Lounsberry, 37, of Niagara Falls, N.Y., has been sentenced to 21 months in prison for her involvement in a fraudulent debt collection scheme that bilked victims out of more than $2 million. The sentencing, handed down by District Court Judge Richard J. Arcara, marks another chapter in the ongoing crackdown of an illegal debt collection ring that has landed a handful of others in jail.
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