Account Recovery

AUGUST 22, 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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UK debt collections

AUGUST 22, 2024

The number of overdue invoices in Scotland has reached its highest level this year, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows that businesses in Scotland had 538,172 unpaid invoices on their books last month – the highest monthly total in 2024 so far. Unpaid Invoices in Scotland Overdue invoices in Scotland increased by 27.7% in July 2024 when compared to July 2023’s figure of 421,501.

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Trade 83

Account Recovery

AUGUST 22, 2024

A District Court judge in Arizona has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling the plaintiff — who is representing himself — failed to state a claim after filing suit because the defendant allegedly marked his account as disputed when he did not attempt to dispute the debt. The Background: During a conversation with a representative of the defendant, the plaintiff said “that it is not a good time to pay the debt” in q

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Fair Debt Collection Collections 130

Collection Industry News

AUGUST 22, 2024

WASHINGTON, Aug 28 (Reuters) – The U.S. Supreme Court declined on Wednesday to revive President Joe Biden’s student debt relief plan, giving a boost to Republican-led states that have sued to block it. The justices rejected the administration’s request to temporarily lift a judicial decision that paused the plan, which is designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.

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Education Student loans Student Loans Loans 40

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

AUGUST 22, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Fay Servicing, a nonbank mortgage servicer, for repeated violations of mortgage servicing laws and a previous enforcement order. The company has been ordered to pay $5 million in penalties and restitution while also being forced to invest at least $2 million to update its technology and compliance management systems.

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Account Recovery

AUGUST 22, 2024

Getting to Know Erica Pickering of Sherloq Solutions Judge Grants MTD in FDCPA Case Over Whether Plaintiff Disputed Debt or Not CFPB Goes After Mortgage Servicer, Throws in New Enforcement Wrinkles Court Blocks FTC’s Noncompete Rule from Going into Effect WORTH NOTING: Kitchen necessities to get you ready to make Fall comfort foods … Check out this new drive-thru from Chick-fil-A … A telecom company has been fined $1 million for making a deepfake call using President Biden’s vo

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