Account Recovery

JANUARY 10, 2025

EDITORS 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!

Original Creditor 130

Original Creditor Fair Debt Collection Creditors Collections 130

Enterprise Recovery

JANUARY 10, 2025

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

100

100

Account Recovery

JANUARY 10, 2025

Fifty-three state financial regulatory agencies have imposed a $20 million penalty on Bayview Asset Management LLC and its affiliates Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings for inadequate cybersecurity practices and delayed compliance with state regulators. The coordinated enforcement action follows a 2021 data breach impacting 5.8 million consumers.

Loans 130

Loans 130

Hudson Weir

JANUARY 10, 2025

Businesses rely on steady cash flow to operate smoothly, and unpaid invoices can create major hurdles With this in mind, you might wonder: what is a letter before action and how can it help recover debts? UK small businesses face an average of 22,000 in overdue payments, translating to an economic loss of 2.5 billion annually. In fact, customers paid nearly 50% of small businesses invoices late between June 2023 and June 2024, according to Apollo.

Debt Recovery 52

Debt Recovery Creditors Government Collection Agencies 52

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

Account Recovery

JANUARY 10, 2025

A Florida Appeals Court has upheld the dismissal of a case that hinged on whether claims filed under the Florida Consumer Collections Practices Act (FCCPA) were assignable to third parties. This ruling could have significant implications for debt collection practices and the legal strategies employed by both consumers and collection agencies. The background: The case began when a residential tenant failed to pay rent for four consecutive months, prompting the defendant to post an 8-Day Notice on

Fair Debt Collection 130

Fair Debt Collection Collection Agencies Collections Agency Consumer Collections 130

Account Recovery

JANUARY 10, 2025

ACA International, alongside Specialized Collection Systems, yesterday filed a lawsuit against the Consumer Financial Protection Bureau in the District Court for the Southern District of Texas. The legal action challenges the CFPBs recently issued final rule under the Fair Credit Reporting Act regarding medical debt reporting and is the second suit filed against the CFPB in two days seeking to block the rule’s implementation.

Collections Agency 130

Collections Agency Collection Agencies Credit Unions Credit Unions 130

Account Recovery

JANUARY 10, 2025

Collector Facing FDCPA Class-Action for Different Payment Portal Addresses in Different Letters ACA, Collection Agency, Sue CFPB to Block Medical Debt Credit Reporting Rule from Going Into Effect Florida Appeals Court Upholds Dismissal in FCCPA Case Over Claims Assignability State Regulators Fine Mortgage Servicer $20 Million Over Cybersecurity Violations Resulting from Data Breach Nordis Technologies Appoints Vice President of Operations WORTH NOTING: Some scary photos that show the extent of t

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Account Recovery

JANUARY 10, 2025

CORAL SPRINGS, FL, January 8, 2025 Nordis Technologies, a fast-growing leader in omnichannel customer communications management and payments technology solutions, has named Gabe Preczner as Vice President of Operations. Gabe is responsible for increasing the innovation and efficiency of the companys print production and mailing services to continue delivering excellent client value.

Retail 130

Retail 130