American Profit Recovery

NOVEMBER 14, 2023

The debt collection industry is a vital part of the US economy. And for many businesses, it is a critical part of the overall accounts receivables process. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. And for good reason. Collection agencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow.

Collection Agencies 210

Collection Agencies Collections Agency Collections Debt collector 210

Account Recovery

NOVEMBER 14, 2023

Healthcare affordability is beginning to impact not just those without health insurance or those who don’t make a lot of money. These days, more than one-quarter of non-senior adults are living with severe healthcare affordability issues, such as high out-of-pocket cost burden, medical debt, or forgone medical care, according to a recently published study.

Healthcare 147

Healthcare 147

Consumer Finance

NOVEMBER 14, 2023

The Consumer Financial Protection Bureau (CFPB) today ordered online lender Enova International Inc. to pay a $15 million penalty for widespread illegal conduct including withdrawing funds from customers’ bank accounts without their permission, making deceptive statements about loans, and cancelling loan extensions.

Lender 135

Lender Loans Banks Financial services 135

Account Recovery

NOVEMBER 14, 2023

Suit Accuses Collector of Using Confusing Language in Text, Collecting on Uncollectible Debt Calif.

Healthcare 147

Healthcare Collections 147

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.

PDC Flow

NOVEMBER 14, 2023

ACH payments are cost-effective, easy to use, and offer customers more flexibility and choice. If businesses like using ACH for all of these reasons, why put off implementation? Some companies simply don’t know how to set up ACH payments. Don’t let setup be a barrier. Make payments more convenient for you and the customers you serve. Why Setting up ACH Payments is Good for Business Before understanding how to set up ACH payments, it’s important to understand the benefits they bring to your busin

Financial Institution 64

Financial Institution Banks Government 64

Troutman Sanders

NOVEMBER 14, 2023

On November 13, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (Fed) announced increased dollar thresholds used to determine whether certain consumer credit and lease transactions in 2024 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). Specifically, based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), Regulation Z and Regulation M generally will apply to consume

Consumer Credit 52

Consumer Credit Loans Education Creditors 52

Account Recovery

NOVEMBER 14, 2023

The California Court of Appeals has dismissed an appeal filed by a plaintiff who sued a creditor that purchased a debt, its attorney, and the law firm that was used to collect on the debt claiming that they violated state and federal laws because the right to compel arbitration was not transferred to those entities […]

Law Firms 130

Law Firms Creditors Collections 130

Troutman Sanders

NOVEMBER 14, 2023

A district court in the District of Arizona granted a motion to dismiss in a Telephone Consumer Protection Act (TCPA) case on the basis that multimedia messaging service (MMS) texts do not constitute prerecorded messages unless the audible component plays automatically upon opening. In Howard v. Republican National Committee , the plaintiff alleged that defendant sent an MMS text to his cell phone that included a “video file that was automatically downloaded to [the plaintiff’s] phone.

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Account Recovery

NOVEMBER 14, 2023

DISCLAIMER: This article is based on a complaint. The defendant has not responded to the complaint to present its side of the case. The claims mentioned are accusations and should be considered as such until and unless proven otherwise.

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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