Wed.Apr 02, 2025

article thumbnail

AI vs. Human Collectors: New Research Reveals Surprising Results

Account Recovery

A new study on artificial intelligence in debt collection reveals that AI-driven calls are consistently less effective than human callers at persuading delinquent borrowers to repay, especially over the long run.

article thumbnail

Beyond the Word “STOP”: Why Businesses Need to Expand How Consumers Can Opt-Out of Communications

True Accord

In todays digital communication landscape, businessesespecially those that use digital outreach to engage delinquent consumers to collect debtsare facing increasing pressure to ensure they respect consumers opting out of communications from a particular channel. While the word “STOP” has been a widely recognized method for consumers to unsubscribe from text messages, the reality is that consumers may express their desire to opt out in various ways.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Court Dismisses FDCPA Class Action Over Confusion About SOL Disclosure in Letter

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action on the grounds that confusion over whether interest was accruing on a debt after reading a statute of limitations disclosure in a collection letter is not enough for the plaintiff to have standing […]

article thumbnail

Reclaim Hidden Value: How Second Placement Reviews Help Maximize Insurance Industry Collections

Brown and Joseph

Understanding the Landscape of Insurance Industry Collections The Importance of Premium Recovery in the Insurance Sector Insurance organizations serve as the backbone of financial security… The post Reclaim Hidden Value: How Second Placement Reviews Help Maximize Insurance Industry Collections appeared first on Brown & Joseph, LLC.

article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

article thumbnail

Daily Digest – April 2. AI vs. Human Collectors: New Research Reveals Surprising Results; State Appeals Court Affirms Ruling in High-Profile FCRA Case

Account Recovery

AI vs.

article thumbnail

State Appeals Court Affirms Ruling in High-Profile FCRA Case

Account Recovery

In a case that has made its way across the country and up and down the legal ladder including a stop at the Supreme Court in a case that is cited daily in today’s collection world an Illinois state Appeals Court has affirmed the ruling of a lower court in a Fair Credit […]