Account Recovery

SEPTEMBER 12, 2023

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

Creditors 147

Creditors 147

Qualco

SEPTEMBER 12, 2023

During a tightening cycle, central banks worldwide raise interest rates in an attempt to curb inflation. As a result, loan borrowers with floating rates, also referred to as adjustable or variable rates, face higher monthly payments due to increased interest expenses. Consequently, non-performing and performing forborne exposures become more vulnerable to distress or default.

Collateral 105

Collateral Financial Institution Collections Loans 105

Account Recovery

SEPTEMBER 12, 2023

Complaint Accuses Creditor of Violating TCPA, RFDCPA California AG Goes on Attack Against Medical Debt CFPB Shuts Down Leasing Company, Orders $36M in Fines and Restitution SEC Sues Debt Buyer, Accuses Owner of Fraud WORTH NOTHING: A dog has been reunited with its owner after roaming the Atlanta airport for three weeks … I’m not […]

Creditors 147

Creditors 147

Credit Corp

SEPTEMBER 12, 2023

The top three vehicles with the cheapest insurance rates are the Subaru Outback at $1,512 per year, the Subaru Crosstrek at $1,516 per year, and the Honda CR-V LX at $1,517 per year. Nobody wants to pay too much for car insurance, so if you’re in the market for a new vehicle, it can be beneficial to know the cheapest cars to insure. You may not realize it, but your location can also determine how much you’re paying for car insurance.

Auto Insurance 97

Auto Insurance Home Insurance Retail Credit Management 97

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.

Account Recovery

SEPTEMBER 12, 2023

The Securities and Exchange Commission yesterday filed a lawsuit in Minnesota federal court accusing a debt buying company and its owner of defrauding investors who committed nearly $3 million that was intended to buy portfolios of distressed debt that would be placed with third-party agencies for collections, some of which was instead used to cover […]

Debt Buying 130

Debt Buying Collections 130

Account Recovery

SEPTEMBER 12, 2023

The Consumer Financial Protection Bureau, in conjunction with 41 different states and the District of Columbia, yesterday announced an enforcement action with a consumer finance company that was accused of tricking consumers who were seeking financing at retail operations into signing leases that left consumers unable to return the merchandise.

Retail 130

Retail 130

Credit Corp

SEPTEMBER 12, 2023

You can remove collection accounts from your credit report by disputing inaccuracies, asking for goodwill deletions, or requesting a pay for delete agreement. Collection accounts are bad for your credit score. These accounts can make it harder to get approved for new credit since they stay on your credit report for up to seven years. That’s why learning how to remove collections from your credit report can help you clean up your credit history and open more financial doors in the future.

Collections 92

Collections Collection Agencies Collections Agency Credit Bureau 92

Account Recovery

SEPTEMBER 12, 2023

The Attorney General of California yesterday sent a letter to a number of federal agencies, including the Consumer Financial Protection Bureau and the Department of Health & Human Services, calling for federal regulations on medical payment products, such as medical credit cards, saying the products “can leave users with crushing debt and long-term financial hardship, […]

Healthcare 130

Healthcare 130

True Accord

SEPTEMBER 12, 2023

If your business and collection partners aren’t utilizing email in your debt recovery strategy, you’re leaving vital engagement opportunities (and potential collections) on the table. There are plenty of reasons why digital communications are the way to go , but reaching out through email is especially important in collections. Surveys show that 59.5% of consumers prefer email as their first choice for communication, and 14% of bill-payers prioritize payments that offer lower-friction paym

Collections 89

Collections Debt Recovery 89

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

Consumer Finance

SEPTEMBER 12, 2023

Director Chopra delivered remarks discussing the implosion of Lehman Brothers and the regulatory framework implemented by the CFPB.

Financial services 86

Financial services Banks 86

Troutman Sanders

SEPTEMBER 12, 2023

Parking Revenue Recovery Services, Inc. (PRRS), a collection company, was accused of violating the Colorado Fair Debt Collection Practices Act (CFDCPA) by allegedly illegally collecting or attempting to collect on parking fines that were already paid or were incurred by another vehicle owner. PRRS was also accused of allowing its collection license to expire on July 1, 2022, not submitting a new license application until December 2022, but still continuing to collect debts in the state in the in

Fair Debt Collection 52

Fair Debt Collection Collections Collection Companies 52

CICM

SEPTEMBER 12, 2023

Take a look at our esteemed panel of judges, experts in their fields and advocates for the Credit and Collections Industry. Have you entered yet? If not, you have until 22nd September to submit your entry – don’t miss out of winning a category at the industries flagship event. The post Judges announced for the British Credit Awards 2024!

Credit Management 40

Credit Management Collections 40

NACM

SEPTEMBER 12, 2023

NACM's Professional Certification Program gives credit professionals an opportunity to use their knowledge and skills to their advantage. Whether advancing your career, expanding your knowledge on basic information or even learning completely new skills, earning designations help credit professionals with career growth. Earning designations are not.

5

5

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

Financial services