Account Recovery

SEPTEMBER 5, 2024

A District Court judge in Pennsylvania has granted a plaintiff’s motion to certify a class action in a Fair Debt Collection Practices Act suit where the defendant was accused of sending text messages to the plaintiff after the plaintiff allegedly opted out of receiving texts. The background: The plaintiff filed the lawsuit after receiving text messages from the defendant despite following instructions to opt out.

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Fair Debt Collection Collections 130

Payment Savvy

SEPTEMBER 5, 2024

The financial industry has changed significantly over the years to adapt to the fast-pacing and extremely technologically advanced world of today. Everything we do, from buying coffee to paying rent and utility bills, has made technology a part of the process. This junction of finance and technology is often called “fintech.” But what is fintech?

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Financial Institution Banks Financial services Loans 52

Account Recovery

SEPTEMBER 5, 2024

WARMINSTER, Pa., Sept. 04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solution

Acquisition 130

Acquisition Credit Unions Credit Unions Construction 130

Payment Savvy

SEPTEMBER 5, 2024

You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACH deposit? It’s a way to move money directly from one bank account to another without using paper checks, credit cards, or cash. ACH direct deposits are common.

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Banks Government Financial Institution Financial services 52

Speaker: Anna Tiomina, MBA

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?

Account Recovery

SEPTEMBER 5, 2024

If you are curious what parts of the country are doing better — or worse — financially than others, or if you are looking for a data source to help you develop collection strategies, the Census Bureau’s Household Pulse Survey might be worth a look. For example, the survey includes data on individuals who are having difficulty paying for household expenses, and breaks it down on a state-by-state and metropolitan statistical area basis.

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Collections 130

Account Recovery

SEPTEMBER 5, 2024

Getting to Know Michael McCormick of State Collection Service Judge Certifies Class in FDCPA Text Opt-Out Case Republican AGs File Another Lawsuit to Block Student Loan Debt Forgiveness The States Where Consumers Are Having the Toughest Time Making Ends Meet C&R Software Acquires SpringFour, Expanding Reach of Financial Health Solutions WORTH NOTING: Safety tips if you are as worried as I am about your drink getting spiked … The one condition where it’s ok as a wedding guest to l

Student loans 130

Student loans Student Loans Collections Loans 130

Account Recovery

SEPTEMBER 5, 2024

Missouri Attorney General Andrew Bailey, leading a coalition of seven states, filed a lawsuit this week against the Biden-Harris Administration’s third attempt at mass student loan forgiveness. This lawsuit, accusing the government of a “cloak and dagger” strategy, comes just days after the Supreme Court upheld a previous ruling against the Administration’s second loan cancellation plan.

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Student loans Student Loans Loans Government 130