American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? That’s a question we hear often. The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make. It can improve your cash flow, save you time and money, and protect you from legal challenges.

Collection Agencies 226

Collection Agencies Collections Agency Collections Debt collector 226

Account Recovery

AUGUST 19, 2024

For the second time, the Missouri Court of Appeals has denied a motion to compel arbitration filed by a debt buyer seeking to discharge a Fair Debt Collection Practices Act suit, ruling that the plaintiff has not done enough to support the chain of assignments that led to its ownership of the account. The Background: The dispute traces back to 2015, when the defendant took out a car loan with DriveTime to finance the purchase of a vehicle.

Repossession 130

Repossession Fair Debt Collection Loans Collections 130

UK debt collections

AUGUST 19, 2024

An East Grinstead contractor has successfully overturned a legal decision that found it was wrong to terminate its contract with a housing association over repeated late payments. The dispute arose from a JCT contract between Providence Building Services Limited and Hexagon Housing Association Limited (Hexagon) for the construction of buildings in Purley, valued at £7.2m.

Construction 83

Construction Judgment Collections 83

Account Recovery

AUGUST 19, 2024

A report from The Wall Street Journal this weekend looks at the impact that having student loan debt forgiven is having on those individuals, ultimately reaching the conclusion that while some may be sleeping a little easier at night, a better financial situation is not guaranteed. In many cases, borrowers who were in default or who were behind on their student loan payments had other financial issues and debts that were causing them problems, according to the article.

Student loans 130

Student loans Student Loans Loans 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.

Collection Industry News

AUGUST 19, 2024

Aug 26 (Reuters) – A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires lenders to gather demographic data on small business borrowers. U.S. District Judge Randy Crane in McAllen, Texas, had blocked the agency from enforcing the rule nationwide after a federal appeals court in a separate case declared the bureau’s funding structure unconstitutional.

Lender 40

Lender Collections Financial Institution Banks 40

Account Recovery

AUGUST 19, 2024

Missouri Appeals Court Denies Motion to Compel Arbitration, Rules Clear Link in Chain of Assignments Lacking Report Looks at the Impact of Student Loan Debt Forgiveness on Individuals’ Financial Situations CFPB Vows Forbearance on Enforcing BNPL Rule Compliance Digest – August 19 WORTH NOTING: Elementary and high school students share back-to-school advice … How to know if you have been caught up in the Social Security number breach … Which fast food meals offer you the best bang for

Student loans 130

Student loans Student Loans Loans 130

Account Recovery

AUGUST 19, 2024

A report from The Wall Street Journal this weekend looks at the impact that having student loan debt forgiven is having on those individuals, ultimately reaching the conclusion that while some may be sleeping a little easier at night, a better financial situation is not guaranteed. In many cases, borrowers who were in default or who were behind on their student loan payments had other financial issues and debts that were causing them problems, according to the article.

Student loans 130

Student loans Student Loans Loans 130

Account Recovery

AUGUST 19, 2024

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

Collection Agencies 130

Collection Agencies Collections Agency Collection Agent Debt Recovery 130

Account Recovery

AUGUST 19, 2024

Missouri Appeals Court Denies Motion to Compel Arbitration, Rules Clear Link in Chain of Assignments Lacking Report Looks at the Impact of Student Loan Debt Forgiveness on Individuals’ Financial Situations CFPB Vows Forbearance on Enforcing BNPL Rule Compliance Digest – August 19 WORTH NOTING: Elementary and high school students share back-to-school advice … How to know if you have been caught up in the Social Security number breach … Which fast food meals offer you the best bang for

Student loans 130

Student loans Student Loans Loans 130

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Banks

Account Recovery

AUGUST 19, 2024

For the second time, the Missouri Court of Appeals has denied a motion to compel arbitration filed by a debt buyer seeking to discharge a Fair Debt Collection Practices Act suit, ruling that the plaintiff has not done enough to support the chain of assignments that led to its ownership of the account. The Background: The dispute traces back to 2015, when the defendant took out a car loan with DriveTime to finance the purchase of a vehicle.

Repossession 130

Repossession Fair Debt Collection Loans Collections 130

Account Recovery

AUGUST 19, 2024

The Consumer Financial Protection Bureau will not penalize Buy Now, Pay Later companies for violations of interpretive rules it introduced earlier this year, pointing to the efforts those companies have made to fall in line, CFPB Director Rohit Chopra announced on Friday. Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do.

Construction 130

Construction Legal Rights Lender 130

Account Recovery

AUGUST 19, 2024

The Consumer Financial Protection Bureau will not penalize Buy Now, Pay Later companies for violations of interpretive rules it introduced earlier this year, pointing to the efforts those companies have made to fall in line, CFPB Director Rohit Chopra announced on Friday. Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do.

Construction 130

Construction Legal Rights Lender 130