Thu.Jun 20, 2024

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Getting to Know Zack Ali of Cedar Financial and Remote Scouts

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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A Busy Summer for the CFPB—And Consumers Will Benefit in the Long Run

True Accord

It’s already been a busy summer for the Consumer Financial Protection Bureau (CFPB)—Supreme Court rulings, fine print warnings, new registries, and more—all in the continued effort to better protect consumers’ financial health and wellbeing. Before we dive into the latest CFPB news, let’s have a refresher on what this bureau is and why it is so important: The Consumer Financial Protection Bureau, or CFPB, was formed in the wake of the 2008 financial crisis, under the Dodd-Frank Wall Street Refo

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Daily Digest – June 20. Getting to Know Zack Ali of Cedar Financial and Remote Scouts; Judge Grants MSJ For Defense in FDCPA Case Over Different Debt That Was Disputed

Account Recovery

Getting to Know Zack Ali of Cedar Financial and Remote Scouts Judge Grants MSJ For Defense in FDCPA Case Over Different Debt That Was Disputed Student Loan Debt to Have ‘Major’ Influence on How 30% of Consumers Vote: Survey Chatbots are Transforming Financial Services: Report WORTH NOTING: What we might be able to learn from […]

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How long do you have to collect on commercial debts in Massachusetts?

Collections Law

Unpaid debts are an inevitable problem when running a business, and they can cause significant stress and headaches. At the Law Offices of Alan M. Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of experience helping Massachusetts and out-of-state creditors seek judgments from their debtors and collect on unpaid debts.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Student Loan Debt to Have ‘Major’ Influence on How 30% of Consumers Vote: Survey

Account Recovery

Consumers’ views on student loan debt are going to play a major factor in who wins November’s presidential election, according to the results of a survey conducted by Bankrate.

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Chatbots are Transforming Financial Services: Report

Account Recovery

Artificial intelligence (AI) chatbots are transforming the banking sector, offering significant cost savings, improved efficiency, and enhanced customer satisfaction, according to a published report. These digital assistants are set to revolutionize customer service and internal operations within financial institutions.

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Unpaid Council Tax Debt hits £6bn pounds

UK debt collections

Latest data published by the Department for Levelling Up , Housing and Communities (DLUHC) show unpaid council tax debt has reached a total of £6 billion as of 31stMarch 2024. This shows a 9% year-on-year rise and an 71% increase since before the pandemic – the total outstanding arrears stood at £3.5 billion in 2019 to 2020. Over the same period, the average amount of unpaid council tax debt per StepChange client has risen by over 50% from £1,146 in 2019 to £1,726 in 2023.

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Judge Grants MSJ For Defense in FDCPA Case Over Different Debt That Was Disputed

Account Recovery

When you are being sought after for a number of unpaid debts, it can be difficult to keep track of your activities.