Tue.Jul 23, 2024

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Industry Mourns Passing of Eric Foulk

Account Recovery

The accounts receivable management industry lost a friend and a brother last week with the passing of Eric Foulk. Foulk, who most recently worked at TransUnion, had spent most of his career in the ARM industry, after he left the military. More details about Eric’s passing are available here. AccountsRecovery.

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CFPB Warns Against Intimidation of Whistleblowers

Consumer Finance

The CFPB issued a circular explaining how companies may break the law by requiring employees sign broad nondisclosure or confidentiality agreements that deter whistleblowing.

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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Agricultural firm collapses into Administration

UK debt collections

A highly regarded Newton Abbot Agricultural farm and garden machinery specialist has formally entered administration. At a meeting held with creditors last Tuesday (July 16), directors passed a resolution to voluntarily wind up C R Willcocks and Company Ltd and to appoint Mark Bowen of MB Insolvency as liquidator. C R Willcocks, which sold and repaired farm and garden machinery, unexpectedly shut its doors for good in June.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

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Response to Dispute Letter Sends Plaintiff to Therapy

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?

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What People are Saying About the Proposed Medical Debt Credit Reporting Rule

Account Recovery

Comments are currently being accepted regarding the Consumer Financial Protection Bureau’s proposed rule that would prohibit creditors from using medical debts when determining whether a consumer is eligible for credit. The comment period is open until August 12.

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Judge Grants MTD in FCRA, FDCPA Case Over Personal Jurisdiction

Account Recovery

In a case that was defended by Xerxes Martin and Jacob Bach at Martin Golden Lyons Watts Morgan, a District Court judge in Maryland has granted a defendant’s motion to dismiss a Fair Credit Reporting Act and Fair Debt Collection Practices Act case for lack of personal jurisdiction.

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Daily Digest – July 23. Response to Dispute Letter Sends Plaintiff to Therapy; Company Sues CFPB to Block Enforcement Action

Account Recovery

Response to Dispute Letter Sends Plaintiff to Therapy What People are Saying About the Proposed Medical Debt Credit Reporting Rule Judge Grants MTD in FCRA, FDCPA Case Over Personal Jurisdiction Company Sues CFPB to Block Enforcement Action WORTH NOTING: Things you can do to improve your television’s performance … Is the egg and toothpaste experiment […]

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Company Sues CFPB to Block Enforcement Action

Account Recovery

A company has filed a lawsuit against the Consumer Financial Protection Bureau, seeking to block a pending enforcement action that the Bureau is planning.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.