Account Recovery
DECEMBER 19, 2023
We don’t normally write about automotive repossessions here, but it is a Fair Debt Collection Practices Act case and it is the Court of Appeals for the Second Circuit, so it’s probably got something worthwhile for companies in the accounts receivable management industry to know, right?
Consumer Finance
DECEMBER 19, 2023
The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.
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Account Recovery
DECEMBER 19, 2023
Suit Accuses Collector of Attempting to Collect Incorrect Amount Calif.
Consumer Finance
DECEMBER 19, 2023
CFPB y Departamento de Justicia demandan a la compañía desarrolladora y prestamista Colony Ridge por hacer ofertas falsas y ofrecer financiamiento predatorio.
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
DECEMBER 19, 2023
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?
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
DECEMBER 19, 2023
The State of California Appeals Court has overturned the dismissal of a Fair Debt Collection Practices Act and Rosenthal Fair Debt Collection Practices Act case on the grounds that the lower court judge erred in granting the defendant’s motion to dismiss the case on the grounds that it violated the state’s anti-SLAPP measures The Background: […]
UK debt collections
DECEMBER 19, 2023
A Welsh MP, Labour’s Jack Sargeant has led a debate in the Welsh Parliament calling for greater regulation of debt collectors in Wales. The Alyn and Deeside MS brought forward the proposal after The Times exposed British Gas debt collectors joking as they forced their way into the homes of vulnerable customers. He said: “And the more I read about the behaviour of debt collectors and bailiffs, the more determined I became to do something.
Account Recovery
DECEMBER 19, 2023
For those of you who still like getting paper statements in the mail, Rep. Mike Turner [R-Ohio] is trying to preserve that opportunity for you. Last week, Rep.
UK debt collections
DECEMBER 19, 2023
A Welsh MP, Labour’s Jack Sargeant has led a debate in the Welsh Parliament calling for greater regulation of debt collectors in Wales. The Alyn and Deeside MS brought forward the proposal after The Times exposed British Gas debt collectors joking as they forced their way into the homes of vulnerable customers. He said: “And the more I read about the behaviour of debt collectors and bailiffs, the more determined I became to do something.
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.
FFGN COLLECT NY
DECEMBER 19, 2023
Having not been paid by your client, you filed a mechanics’ lien, liening underlying property to protect your right to payment. However, the mechanics’ lien you filed was bonded. What does that mean for you as far as collecting a debt in New York goes? What next steps should you take? To remove the lien from the underlying property, the general contractor, owner or another purchased a surety bond to “bond off the lien.
Troutman Sanders
DECEMBER 19, 2023
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 December 15, the Consumer Financial Protection Bureau (CFPB) took action against a medical debt collector, Commonwealth Financial Systems, for allegedly trying to collect unverified medical debts after consumers disputed the validity of the debts.
Collection Industry News
DECEMBER 19, 2023
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. Under the order issued today, the company will cease operations and pay a $95,000 penalty to the CFPB’s victims relief fund.
NACM
DECEMBER 19, 2023
Professionals in every industry know that education never stops. Learning is an ongoing process that we take with us in every level of life. NACM's Professional Certification Program provides six levels of education credit professionals need to level up professionally and personally. Whether being in the industry for 10 months or 10 years, earning.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
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