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The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers. The complaint, filed in the District Court for the Northern District of Georgia, alleges that the agency tricked consumers into paying more than $7.6 million by falsely representing debts and threatening e
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
PRA Group discussed the strides it has made in expanding its legal collection efforts while also announcing plans to close three of its six U.S. offices while transitioning impacted employees to work-from-home roles or offshore positions during a quarterly conference call with analysts after releasing its third-quarter earnings yesterday. By the Numbers: Legal Collections and U.S.
Late payments and past-due accounts can weigh down a business, impacting cash flow, operational efficiency, and overall growth. But how can business owners and financial managers spot these accounts early, understand the reasons behind delinquencies, and take proactive steps? Here’s a practical guide with tips and warning signs that can help you safeguard your accounts receivable and keep your financial health in check. 1.
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?
Prosperity Now recently hosted the "Tax Truths: Boosting Financial Well-being for LMI Communities through Accessible Tax Support" webinar in partnership with Change Machine.
Here’s the latest risk management guidance, published in October 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – ABA Standing Committee LPL Releases Profile of Legal Mal Claims – October 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Here’s the latest risk management guidance, published in October 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – ABA Standing Committee LPL Releases Profile of Legal Mal Claims – October 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!
The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the UK’s insolvency and restructuring trade body. Analysis of data provided by Creditsafe shows that 18,360 Welsh businesses had unpaid invoices on their books last month – the highest monthly total of the year so far.
A District Court judge in Texas has denied a motion to dismiss filed by the defendants in a Fair Debt Collection Practices Act and Telephone Consumer Protection Act case, ruling the plaintiff — who received three text messages from one of the defendants that appear to have been intended for someone else — has standing to sue. The background: The plaintiff, who claims no connection to the debt in question, received multiple text messages over a short period intended for an unrelated i
In recent years, side hustles have gained significant traction as individuals seek additional income streams and entrepreneurial opportunities. A new study by The Kaplan Group examines search trends for various side hustles, the challenges associated with starting these ventures, and the geographic distribution of new business applications across the United States.
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.
Collector Facing Class Action for Undated MVN, Two Different Dates in Itemization Table Judge Denies MTD in FDCPA Case Over Texts Sent to Wrong Individual FTC Sues, Gets TRO Against Debt Collector Profits Up at PRA Group as Company Announces Shift to Let More Collectors Work From Home WORTH NOTING: A few tips on how to minimize political tension inside the workplace … Why consumers may be pessimistic about the state of the economy even though inflation is cooling … A huge number of e
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