Wed.May 29, 2024

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Haag Family Marks State’s 75th Anniversary with Significant Gift

Account Recovery

(MADISON, Wis., May 29, 2024) – Marking the significant milestone of State Collection Service’s 75th Anniversary, the Haag family has contributed $75,000 to The River Food Pantry’s Recipe for Hope campaign. This campaign aims to raise funds for a new 32,500-square-foot facility and expanded food and meal programs.

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CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

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Judge Grants MSJ For Defendant in Class-Action Over Dispute

Account Recovery

A District Court judge in Florida has granted a defendant’s motion for summary judgment in a class-action lawsuit involving alleged violations of the Fair Debt Collection Practices Act and the Florida Consumer Collection Protection Act.

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Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

Consumer Finance

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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Daily Digest – May 29. Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism; Judge Grants MSJ For Defendant in Class-Action Over Dispute

Account Recovery

Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism Judge Grants MSJ For Defendant in Class-Action Over Dispute Kansas Hospital Draws Attention Over Spike in Collection Lawsuits 22 Companies Seeking Collection Talent WORTH NOTING: Have someone in your life who is always traveling?

Law Firms 147

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22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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States with The Biggest Debt Burdens

The Kaplan Group

A new study shows that search interest for “debt relief” on Google Trends has remained consistently high throughout the past year, highlighting a national concern about managing financial obligations. This study identifies the states facing the most significant challenges and those with a potentially healthier financial landscape. Key Takeaways Search interest for “debt relief” on Google remained high throughout the past year, indicating a persistent concern about debt burdens.

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Supreme Court Denies Petition from Collection Law Firm Challenging CFPB’s Funding Mechanism

Account Recovery

The Supreme Court yesterday denied a petition from a defunct collection law firm fighting a Civil Investigative Demand from the Consumer Financial Protection Bureau, deciding that one challenge to the Bureau’s funding structure was enough for now.

Law Firms 130
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5 Ways to Transform Your Financial Strategy with QUALCO Data-Driven Decision Engine

Qualco

Data per meat es every aspect of financial operations in the modern financial sector , from customer transactions to credit records. This presents challenges and opportunities for financial institutions , who must navigate the data-rich environment to maintain their competitive advantage in the market. Analytics has emerged as a critical tool for the industry , enabling key players to extract valuable insights from the da ta at their disposal.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Kansas Hospital Draws Attention Over Spike in Collection Lawsuits

Account Recovery

The Wall Street Journal is using a rural hospital in Kansas that has started filing more collection lawsuits — largely due to a backlog caused by the COVID-19 pandemic — to spotlight the medical debt problem in the United States and how it is impacting hospitals and patients with medical debt.

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in April 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Prospective Client Conflicts Can Cost You Business Avoid Conflicts – April 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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Member Spotlight: Emerging Leader Award

NACM

In every industry, exceptional leaders offer direction, inspiration and guidance, serving as the cornerstone of organizational progress and growth. But leadership goes beyond leading from the front—it fosters new voices, fresh perspectives and untapped potential.That's why NACM actively seeks future credit leaders who will shape the direction of th.

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CPE Program – Alternative Dispute Resolution (ADR) Clauses in Engagement Letters

FFGN COLLECT NY

Earn up to 1 CPE Credit* Program Description: Alternative Dispute Resolution (ADR) clauses in Engagement Letters: The ADR process, costs, fees, and financial impact when collecting accounting fees. Learning Objective: Participants will gain an understanding of the financial implications of Dispute Resolution (ADR) clauses in Engagement Letters and it’s impact on collection of firm receivables.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.