Wed.Feb 21, 2024

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N.J. Appeals Court Affirms Ruling for Defendant in FDCPA Case

Account Recovery

A New Jersey Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act case that was dismissed by an arbitrator, with the plaintiff arguing the arbitrator refused to consider evidence and that the underlying agreement was unenforceable.

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A Bright Future for Baby Bonds

Prosperity Now

In January 2022, Prosperity Now and the Institute on Race, Power and Political Economy at the New School collaborated on the first paper to outline the essential elements of state and local level Baby Bonds policies. Since then, Baby Bonds have launched in Connecticut and become a hot policy topic from the halls of legislatures to the offices of state treasurers across the US.

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26 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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Top 5 things your invoice MUST have

Collect More

We see a lot of invoices. At least few hundred each week. Most are templates from accounting software like Xero and MYOB. Some are handwritten. And almost every single one will have been issued with the assumption that the money will follow soon after. But have you ever thought about how much importance your invoice has on getting you paid? We’re here to tell you- a LOT.

Banks 100
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Solve Your Firms Automation Complexities Once and For All

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.

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Judge Grants MSJ For Defense in FDCPA Case Over Unrecognized Debt

Account Recovery

In a case that was defendant by Mitch Williamson at Barron & Newburger, a District Court judge in Pennsylvania has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case in which the plaintiff claimed he did not procure the underlying debt and that the defendant falsely reported it to […]

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Colo. Healthcare Provider Called Out for ‘Secretly’ Chasing Down Debts

Account Recovery

A healthcare provider in Colorado is facing public pressure and accusations that it is hiding itself from public scrutiny because collection lawsuits filed to recover debts owed by its patients are filed by collection agencies working on the provider’s behalf, thus keeping the provider’s name out of the legal spotlight, according to published reports.

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Chapter 13 and Gambling Debt

Sawin & Shea

Gambling debt can have a devastating impact on your life. Debts can pile up quickly and overwhelm your finances before you have a chance to catch up. Because of this, filing for bankruptcy is often one of the only options you may have. Below, we’ll break down how gambling debt fits into Chapter 13 bankruptcy and how you can prepare if gambling bankruptcy is the next step that you need to take.

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Penalties for Non-Compliance in New York Debt Collection Cases

FFGN COLLECT NY

To enforce your rights to get paid, you filed a New York debt collection case. It’s only when the debtor (now defendant) defends the case that you learn you failed to comply with a local law or ordinance. What are the penalties for debt collection non-compliance? Does the fact that you failed to comply mean you aren’t entitled to payment? The answer depends.

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Do you feel bad about filing for bankruptcy?

Roths Child Law

A lot of people delay filing for bankruptcy for a considerable time. While it is essential that you take your time to consider if it is right for you and to look for alternative solutions, delaying the inevitable can prolong your agony. Having debt you cannot afford to pay back can play havoc with your mental health, and filing for bankruptcy can help a lot.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On February 16, the Consumer Financial Protection Bureau (CFPB) issued a procedural rule updating how financial institutions can appeal supervisory findings, including those relating to compliance with the Fair Credit Reporting Act.

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Why Do You Get Debt Consolidation Loan Mailers

Debt Collection Answers

“ Pre-Screen Firm Offer of Credit ” might sound like jargon, but understanding its implications is crucial for anyone navigating the realm of credit and debt consolidation. This article aims to shed light on what pre-screen firm offers entail, their significance, and how debt consolidation lenders acquire your information to send those enticing marketing mailers.

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Member Spotlight: Defining Success

NACM

Success is earned through education by providing individuals with the knowledge, skills and critical thinking abilities necessary to excel in their fields. Education opens doors to opportunities, expands perspectives and equips individuals with the tools to overcome challenges and achieve their goals. By earning a certification through NACM's six-l.

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Why is Portfolio Recovery Calling Me?

Debt Collection Answers

Portfolio Recovery is likely calling you to collect on an unpaid debt as it’s a debt collection agency. You use this 11 word phrase to stop Portfolio Recovery from calling you. If you would not like to call their phone number at 1 (800) 772-1413, you can also email them at pracustomercare@portfoliorecovery.com to ask what debt they are trying to collect from you and to potentially stop calling you.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

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?

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Daily Digest – February 21. Judge Grants MSJ For Defense in FDCPA Case Over Unrecognized Debt; 26 Companies Seeking Collection Talent

Account Recovery

Judge Grants MSJ For Defense in FDCPA Case Over Unrecognized Debt Colo. Healthcare Provider Called Out for ‘Secretly’ Chasing Down Debts N.J.