Wed.Oct 02, 2024

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California Appeals Court Upholds Dismissal of FCRA Suit for Lack of Standing

Account Recovery

A California Appeals court has affirmed the dismissal of a Fair Credit Reporting Act lawsuit, citing the plaintiff’s lack of standing to sue in state court because she did not suffer a concrete injury when she received a copy of her credit report that was missing some disclosures. The background: The case originated when the plaintiff requested copies of her credit report from the defendant, a major credit reporting agency.

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Law firm ‘disappears’ owing £37.5m to Creditors

UK debt collections

The administrators of a collapsed Liverpool law firm have admitted they do not know if creditors will receive a return, amid ongoing uncertainty over exactly how the business came to grief. Joint administrators from Quantuma handling the affairs of McDermott Smith gave an update this month on progress, but said it could be another two years for the business to be liquidated.

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Daily Digest – October 2. CFPB Issues Guidance Further Cracking Down on Medical Debt Collection; Judge Dismisses FDCPA Class Action For Second Time Due to Lack of Standing

Account Recovery

CFPB Issues Guidance Further Cracking Down on Medical Debt Collection Judge Dismisses FDCPA Class Action For Second Time Due to Lack of Standing California Appeals Court Upholds Dismissal of FCRA Suit for Lack of Standing 21 Companies Seeking Collection Talent WORTH NOTING: The start of “Fat Bear” week has been postponed after one bear killed another live on a webcam … If you are into couples Halloween costumes, here are some ideas for you and your partner … Mount Everest

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21 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. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

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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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CFPB Issues Guidance Further Cracking Down on Medical Debt Collection

Account Recovery

The Consumer Financial Protection Bureau issued new guidance yesterday regarding unlawful medical debt collection tactics. The advisory opinion clarifies that debt collectors, including third-party revenue cycle management companies, violate federal law when collecting inaccurate or legally invalid medical debts. Key details: Zoom in: The CFPB outlined several illegal practices, including: What they’re saying: “The CFPB is taking action to ensure that Americans are not unfairly chase