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B2B debt collection requires an understanding of effective strategies to mitigate delinquent accounts. This process involves implementing proactive measures so businesses can avoid issues such as unclear credit policies, inadequate communication, and poor documentation practices. Also, technology and professional debt collection services can enhance the ability to recover outstanding debts and maintain healthy financial operations.
When you couple that the Consumer Financial Protection Bureau is making its largest-ever distribution from its Victims Relief Fund, and that it will be sending $1.8 billion to more than 4 million consumers, with the fact that those consumers were victims of bait-and-switch advertising undertaken by Lexington Law and CreditRepair.com, it’s worth mentioning.
Companies that manage contracts without digital contract tracking rely on manual, outdated methods to stay organized. These processes are inefficient, cause human error, and lack scalability. Contract tracking software is a faster, more efficient way to handle and track contracts throughout an entire workflow. How to Manage and Track Contracts Its essential for your organization to know how to track contracts and other paperwork you send.
Missouri Attorney General Andrew Bailey is spearheading a 23-state coalition challenging the Biden Administration’s latest student loan forgiveness rule, accusing it of overstepping its authority. The coalition’s letter, signed by representatives from states including Alabama, Texas, and Florida, argues that the Department of Education’s fourth attempt to forgive student debt illegally shifts financial burdens onto American taxpayers without proper Congressional approval.
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?
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A collection operation that couldn’t find a consumer’s information in its system to note the account was disputed. A plaintiff’s attorney who claims never to have received the request for additional information that the defendant sent when it couldn’t locate the account. This case has a lot going on. A District Court judge in Illinois has denied claims for summary judgment from both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, while also r
A collection operation that couldn’t find a consumer’s information in its system to note the account was disputed. A plaintiff’s attorney who claims never to have received the request for additional information that the defendant sent when it couldn’t locate the account. This case has a lot going on. A District Court judge in Illinois has denied claims for summary judgment from both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, while also r
Collector Facing FDCPA Class Action Over Multiple MVNs Received on Same Day Court Rules on FDCPA Case Over Unreceived Request For Additional Information to Clear Up Dispute CFPB Sends $1.8B to Victims of Lexington Law Scam State AGs Issue Warning to Dept. of Education Over Proposed Student Loan Relief Rule WORTH NOTING: Why you should stop using apps like ChatGPT as a search engine … Poses to help give you more confidence when taking pictures of yourself … If you’re deadset on
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