Fri.Oct 18, 2024

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Collector Facing FDCPA Class Action for Filing Lawsuit

Account Recovery

EDITOR’S 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!

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Intercompany Loan: What Happens If The Borrowing Company Becomes Insolvent?

Hudson Weir

You may well know what an intercompany loan is… But do you know what can happen if the borrowing company becomes insolvent, or enters liquidation? An intercompany loan can provide a quicker and less expensive way for a business to borrow funds. But there are risks involved for the lending company in particular which could be overlooked and we’ll explore a key one in this guide.

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Appeals Court Vacates Arbitration Denial in FCRA Case

Account Recovery

The Court of Appeals for the Third Circuit has clarified its standard for determining when ordering discovery into whether a suit has been arbitrated by granting a defendant’s appeal in a Fair Credit Reporting Act case that originally went in favor of the plaintiff. The background: The case originated when the plaintiff was denied a mortgage loan due to an erroneous credit report prepared by the defendant, a major credit reporting agency.

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CFPB Sues Student Lender Over Deceptive Practices

Account Recovery

The Consumer Financial Protection Bureau yesterday announced it has filed a lawsuit against student lender Climb Credit and its largest shareholder 1/0, accusing them of misleading students into taking out loans for low-quality vocational programs. The CFPB claims Climb Credit misrepresented the value of the educational programs offered by their partner schools, including exaggerated claims about graduate outcomes, job placement rates, and salary increases.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Turning Good Collectors Into Great Collectors

Account Recovery

In an increasingly complex debt collection landscape, the distinction between good and great collectors has never been more critical. This was the central theme of a recent webinar sponsored by Peak Revenue Learning, where industry veterans shared their perspectives on cultivating excellence in collection operations. The panel, moderated by Harry Strausser, President of Applied Innovation, featured Courtney Helfrich, Chief Personnel Officer at Wilber; Kelly Parsons-O’Brien, President of Pa