Wed.Jun 19, 2024

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Daily Digest – June 19. Third Circuit Again Affirms Lower Court Ruling in FDCPA Case About BK Discharge of Debt; Verizon Using Gen AI to Improve Customer Service Interactions

Account Recovery

Third Circuit Again Affirms Lower Court Ruling in FDCPA Case About BK Discharge of Debt Verizon Using Generative AI to Improve Customer Service Interactions Reverse Mortgage Companies to Pay $20M in Enforcement Actions with CFPB 22 Companies Seeking Collection Talent WORTH NOTING: Why Juneteenth is a holiday for all Americans … A “once-in-a-lifetime” event is […]

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Construction sector has the highest rate of Insolvencies

UK debt collections

The Construction sector was the worst hit industry for insolvencies in the year to April 2024, the Insolvency Service has revealed. Some 4,401 construction companies in England and Wales registered as insolvent in the period – 18 per cent of all businesses to do so. The figure is almost 500 more than the next worst-hit industry, wholesale and retail , which saw 3,906 insolvencies.

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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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5 Tips for Navigating Corporate Disputes

Jimerson Firm

Navigating corporate disputes can feel like walking through a minefield. One misstep can result in costly and time-consuming legal battles that jeopardize relationships and the business. These five tips below can help you manage corporate disputes effectively without resorting to litigation. Tip #1: Know Your Governing Documents Knowledge is power during a corporate dispute.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

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Reverse Mortgage Companies to Pay $20M in Enforcement Actions with CFPB

Account Recovery

Reverse mortgages were in the crosshairs of the Consumer Financial Protection Bureau yesterday, with the regulator announcing two separate enforcement actions against a three different companies. The three companies will pay nearly $20 million in fines and penalties and two of the companies have been banned from servicing reverse mortgages going forward.

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Third Circuit Again Affirms Lower Court Ruling in FDCPA Case About BK Discharge of Debt

Account Recovery

Someone may want to show the plaintiff in this Fair Debt Collection Practices Act case this scene from “A Few Good Men.