Account Recovery
JANUARY 17, 2024
The Attorney General of Colorado yesterday announced a settlement with TrueAccord that will see the company pay $500,000 to settle claims it collected on illegal high-interest debt. The Background: In September 2022, investigators with the Colorado Department of Law notified the company that they would be conducting an examination of the company’s debt collection processes.
PDC Flow
JANUARY 17, 2024
Does your business still take traditional paper checks? Waiting for payments in the mail makes it harder to reconcile accounts, stalls work, and impacts cash flow. Echeck is a faster, more modern way to take payments. If your company wants to speed up payment cycles and make paying easier for customers, accepting eChecks is the way to go. What is an eCheck Payment?
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Account Recovery
JANUARY 17, 2024
Colorado AG Fines Collector $500k for Collecting on Illegal Loans Judge Rules Maine FCRA Partially Preempted by Federal Law House Financial Services Committee Forms AI Working Group 20 Companies Seeking Collection Talent WORTH NOTING: It’s so cold in some parts of the country, that Teslas won’t charge … Etiquette experts on what to do when […]
Troutman Sanders
JANUARY 17, 2024
On January 9, SB 1146 , entitled the Earned Wage Access Services Act, was introduced into the Florida Senate. The bill would require earned wage access (EWA) providers to register with the Florida Financial Services Commission. The bill also requires EWA providers to develop procedures for dealing with consumer questions and complaints, requires consumer notifications, and requires providers to offer at least one reasonable option for consumers to get EWA proceeds at no cost.
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
JANUARY 17, 2024
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 17, 2024
A District Court judge in Maine has granted partial declaratory relief to a trade organization representing credit reporting agencies that sued the state for overstepping its authority by enacting its own version of the Fair Credit Reporting Act.
Collection Industry News
JANUARY 17, 2024
Jan 10 (Reuters) – The U.S. legal industry has already seen a flurry of new law firm mergers in 2024, as Kilpatrick Townsend & Stockton on Wednesday became the latest to announce a combination with a smaller firm. Atlanta-founded Kilpatrick said it will add more than 55 lawyers in Chicago from a firm called HMB Legal Counsel. Kilpatrick entered the Chicago legal market in March 2023, in part through a tie-up with another small firm.
NACM
JANUARY 17, 2024
In the realm of credit management, staying sharp goes beyond mere preference—it's an indispensable asset. It makes for increased efficiency and productivity in the workplace. Through NACM's six-level Professional Certification Program, credit professionals are not only keeping their mind agile, but they're also growing the credit knowledge to navig.
Troutman Sanders
JANUARY 17, 2024
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 16, the Federal Trade Commission (FTC) reported that 2 million new telephone numbers have been added to the National Do Not Call Registry for the 12-month period ending September 30, 2023.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Account Recovery
JANUARY 17, 2024
The top Republican and Democrat on the House Financial Services Committee announced last week the formation of a bipartisan working group on artificial intelligence that will examine how the technology is impacting the industry. What’s Happening: Rep. Patrick McHenry [R-N.C.], the chair of the committee, and Rep. Maxine Waters [D-Calif.
Troutman Sanders
JANUARY 17, 2024
Cryptocurrency, with its anonymity and decentralization, has revolutionized financial transactions. However, it has also opened doors for illicit activities, such as terrorist financing. Below we explore the role of cryptocurrency in terrorist financing, focusing on Hamas, a U.S.-designated terrorist organization. Per a November 2023 Congressional Research Service (CRS) Report , Hamas has been soliciting cryptocurrency donations since at least 2019, but the scale and effectiveness of these effor
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