Thu.May 30, 2024

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Daily Digest – May 30. Getting to Know Shalon Bell of Frost-Arnett; California Appeals Court Upholds Ruling Against Defendant in FDCPA Case

Account Recovery

Getting to Know Shalon Bell of Frost-Arnett California Appeals Court Upholds Ruling Against Defendant in FDCPA Case SBT Raises $110M To Fund Growth and Expansion Rising Financial Wellness and Employee Benefits: Insights from a Workplace Benefits Report Haag Family Marks State’s 75th Anniversary with Significant Gift WORTH NOTING: Did you know there was such a […]

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CFPB Sues Student Loan Servicer PHEAA for Pursuing Borrowers for Loans Discharged in Bankruptcy

Consumer Finance

The CFPB sued student loan servicer Pennsylvania Higher Education Assistance Agency for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies.

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California Appeals Court Upholds Ruling Against Defendant in FDCPA Case

Account Recovery

A recent ruling by the California Court of Appeal has upheld significant violations of the Fair Debt Collection Practices Act and California’s Unfair Competition Law by the defendant and related entities. The ruling has critical implications for collection practices, particularly those involving homeowner associations (HOAs).

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The Whole Truth – Defending Against Claims That a Debtor Failed to Disclose in Bankruptcy Court

Jimerson Firm

The Bankruptcy Code provides debtors with a fresh start or an opportunity to reorganize their debts. In doing so, the Code requires all debtors to provide, under oath, a full disclosure of their assets and liabilities. This requirement promotes fairness to the debtor and its creditors by ensuring a complete and candid disclosure of assets to the trustee and the creditor body.

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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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Rising Financial Wellness and Employee Benefits: Insights from a Workplace Benefits Report

Account Recovery

Sometimes, a report can mean two things. What I mean by this is that it can help inform about trends with consumers or the economy but it can also inform about how companies, including those in the credit and collection industry, should be running their business.

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Getting to Know Shalon Bell of Frost-Arnett

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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The lifecycle of a debt: How commercial collections evolve into legal action…and turns into payment.

Collections Law

At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of combined experience. We exclusively practice aggressive and relentless, yet ethical debt collection. We have dedicated our legal careers to helping businesses get paid. When you deliver a product or service, it is time to get paid. Understanding the lifecycle of a debt is critical to helping businesses know what to focus on, and when to turn up the heat.

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SBT Raises $110M To Fund Growth and Expansion

Account Recovery

Solutions by Text (SBT), a Dallas-area startup founded in 2008, has successfully raised $110 million in new growth financing.

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Business Credit and Loan Resources for LGBTQIA+ Business Owners

The Kaplan Group

Starting and running a business is seldom an easy-breezy endeavor. It’s something that requires a lot of grit, persistence, and unfortunately, capital. For members of the LGBTQIA+ community, these barriers are often compounded. According to the National Gay & Lesbian Chamber of Commerce, the LGBTQIA+ community in the United States includes 1.4 million business owners , who collectively contribute more than a trillion dollars to the American economy.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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Treasury Announces Marketable Borrowing Estimates

Collection Industry News

WASHINGTON – The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing [1] for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion. [2] The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially o