Account Recovery

OCTOBER 17, 2024

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. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de

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Collections 130

True Accord

OCTOBER 17, 2024

Self-service portals are an empowering way to get consumers back on track. In fact, research from McKinsey found that consumers who digitally self-serve resolve their debts at higher rates and are significantly more likely to pay in full. Just take into consideration that surveys have found that four in 10 have used an online portal supplied by a financial institution for bill pay, while only a quarter have paid by phone, mailing a check, or in person.

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Financial Institution Collection Agencies Collections Agency Collections 57

Account Recovery

OCTOBER 17, 2024

A bill has been introduced in the House of Representatives that aims to combat fraudulent practices in the credit repair industry. The bill, called the Ending Scam Credit Repair Act (ESCRA) was introduced by Rep. Wiley Nickel [D-N.C.] and Rep. Young Kim [R-Calif.]. The big picture: The bill, H.R. 9991, targets CROs that exploit consumers by charging high fees without delivering on promises to improve credit scores, aiming to ensure transparency and accountability in the industry.

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Debt Guru

OCTOBER 17, 2024

Whether you’re using your devices for work or just for fun, making sure everything stays secure is more important than ever. It doesn’t take much for cyber-criminals to try and take advantage of us, especially in this digital age. With technology intertwining so deeply with our lives, having a good grasp on cybersecurity is essential. As we browse the internet and travel with our gadgets, being vigilant can save us from lots of headaches, like losing personal data.

Debt Management 52

Debt Management Banks Education 52

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

OCTOBER 17, 2024

A District Court judge has dismissed a Fair Credit Reporting Act and Fair Debt Collection Practices Act lawsuit filed by a consumer against a collection operation that was accused of obtaining information from the consumer’s credit report without a permissible purpose and for failing to initiate collection activity prior to access her credit report.

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Fair Debt Collection Collections 130

Account Recovery

OCTOBER 17, 2024

Getting to Know Mike Cowguill of Capio Judge Dismisses FCRA, FDCPA Case Over Permissible Purpose Allegations Credit Repair Overhaul Bill Introduced in Congress Biden Administration Punishes MOHELA Over Loan Servicing Errors WORTH NOTING: How to avoid sharing election misinformation … Classic books that any reader should have in their library and on their must-read lists … Which actor lost $50 million because of a corrupt accountant?

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Loans 130

Account Recovery

OCTOBER 17, 2024

The Department of Education has taken action against the Missouri Higher Education Loan Authority (MOHELA), one of the nation’s largest federal student loan servicers, for mishandling hundreds of thousands of applications for repayment plans. It has decided to temporarily halt assigning new accounts to the servicer after it failed to process over 460,000 applications for income-driven repayment plans, according to a published report.

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Loans Student Loans Student loans Education 130