Thu.Aug 01, 2024

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Ed. Dept. Begins Next Round of Student Loan Debt Forgiveness Plan

Account Recovery

Starting today, the Department of Education is going to begin informing 30 million individuals with unpaid student loans about their options, letting them know they have until the end of the month to notify their servicers if they wish to opt out of the forgiveness programs.

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CFPB Joins Federal Regulators to Propose Rule to Standardize Data Submitted to Federal Financial Agencies

Consumer Finance

The CFPB and other federal financial regulatory agencies announced a joint proposed rule to establish data standards for certain information collections submitted to financial regulatory agencies.

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Healthcare Consumers Place High Value on Communications, Most Will Switch if Expectations Are Not Met

Account Recovery

Here in the United States, 88% of healthcare customers consider clear and timely communication essential to their overall experience, up from 81% a year earlier, according to Smart Communications’ 2024 Global Benchmark Report, which emphasizes the growing importance of personalized and secure interactions in the healthcare industry.

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Report estimates 110,000 SMEs at risk of Insolvency

UK debt collections

A new SME insights report by Dojo has revealed that an estimated 110,940 SMEs are at risk of going bust due to having no cash left to support business operations. The study also revealed that over 30% of SMEs cited rising inflation and high interest rates as their biggest challenge for 2024. Additionally, 1 in 6 SME owners felt unconfident to some extent in their understanding of the term ‘cash runway’ – the number of months a business has until cash runs out. 2% of businesses said that they hav

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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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Daily Digest – August 1. Getting to Know Kellie Belote of Alleviate Financial; Judge Blocks FTC’s Attempts to Collect on $1.5M Judgment

Account Recovery

Getting to Know Kellie Belote of Alleviate Financial Judge Blocks FTC’s Attempts to Collect on $1.5M Judgment Ed. Dept.

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Getting to Know Kellie Belote of Alleviate Financial

Account Recovery

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.

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Judge Blocks FTC’s Attempts to Collect on $1.5M Judgment

Account Recovery

A District Court judge in Nevada has blocked the Federal Trade Commission’s attempt to use the Fair Debt Collection Practices Act to collect on a judgment against a defendant in an enforcement action, who was found liable by a judge back in 2013 for $1.5 million.

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