Account Recovery

MAY 6, 2024

A bill has been introduced in the House of Representatives to amend the Fair Debt Collection Practices Act in order to include additional information when sending the validation notice while also expanding the requirements before filing collection lawsuits. What It Is: H.R.

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Fair Debt Collection Collections 248

Enterprise Recovery

MAY 6, 2024

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

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Collections 201

Account Recovery

MAY 6, 2024

Bill Introduced in House to Amend FDCPA Judge Grants MTD in FCRA, FDCPA Case ARM Company Discloses Breach After Unauthorized Access to Email Account Compliance Digest – May 6 WORTH NOTING: If you are using Windows, here is the best new browser you may want to consider using … One last gift guide to help […]

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Consumer Finance

MAY 6, 2024

Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.

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Financial services 133

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?

Account Recovery

MAY 6, 2024

A Magistrate Court judge in Texas has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act among other statutes, ruling that the plaintiff — who represented himself and did not respond to the defendant’s motion to dismiss — did not […]

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Fair Debt Collection Collections 130

Account Recovery

MAY 6, 2024

A collection operation in New Hampshire has disclosed it was the victim of a data breach impacting more than 11,000 consumers, according to a filing with the Maine Attorney General. The disclosure is the third data breach in the accounts receivable management industry that has been disclosed in the past week.

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Accounts Receivables Management Collections 130

On Guard

MAY 6, 2024

But are the ready for it? According to nearly half of finance professionals (45%), AI is the technology with the greatest impact on financial processes. This is evidenced by the FinTech Barometer, the annual survey by Credit Management Software Specialist Onguard. For this survey, 304 CFOs, financial managers, and finance employees were interviewed.

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Credit Management 52

Account Recovery

MAY 6, 2024

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Collection Industry News

MAY 6, 2024

In attempts to fix the country’s $1.6 trillion student loan system, the Biden administration has routinely announced forgiveness of large shares of that debt. In total, the U.S. Department of Education has canceled almost $160 billion in federal student loan debt for nearly 4.6 million borrowers since President Joe Biden entered office. Here’s what to know about the aid programs that have led to that relief.

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Student loans Student Loans Loans Education 40

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.