Consumer Finance
SEPTEMBER 10, 2024
The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.
Account Recovery
SEPTEMBER 10, 2024
BURLINGTON, Mass. (September 10, 2024) – Finvi, a leading provider of enterprise workflow automation software built to accelerate revenue recovery and simplify the payment process for organizations ranging from healthcare providers to outsource collection agencies, announced the general availability (GA) of its SaaS collections and payments platform, Velosidy™ Earlier this year, Finvi launched its Early Adopter program where it worked closely with select clients to fine-tune the platform
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Consumer Finance
SEPTEMBER 10, 2024
The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.
Account Recovery
SEPTEMBER 10, 2024
In a case where Xerxes Martin of Martin Golden Lyons Watts Morgan represented one of the defendants, a District Court judge in Texas has granted a defendant’s motion to dismiss a Fair Credit Reporting Act case where the plaintiff claimed to be the victim of “reverse identity theft” and denied filing for bankruptcy protection five times, which the credit reporting agencies included in her credit report.
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.
UK debt collections
SEPTEMBER 10, 2024
Over 3.6 million (72%) small and medium-sized enterprises (SMEs) have some form of outstanding late payment from customers, leaving them £96,772 out of pocket on average, according to new research from Aldermore’s SME Growth Index. The total value of late payments has increased from the end of 2023, up 41% from £68,715 with outstanding balances continuing to present huge challenges for SMEs.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
The Kaplan Group
SEPTEMBER 10, 2024
A new study by The Kaplan Group analyzing Bureau of Labor Statistics (BLS) wage data provides insights into the disparities in salaries across states and occupations within the United States. By examining mean annual salaries, the study identifies the highest-paying states, occupations, and metropolitan areas. Key Takeaways Massachusetts is the state with the highest mean annual salary at $80,330 , while Mississippi lags behind as the only state below $50,000 Management Occupations offers the hi
Account Recovery
SEPTEMBER 10, 2024
A new study released by Intuit Credit Karma reveals that a large majority of individuals with student loans have not made any payments following the end of the pandemic moratorium and many are worried about their financial stability going forward. Why it matters: As the student loan repayment landscape evolves, debt collectors and financial institutions need to understand borrower challenges to develop effective collection strategies and support financial wellness initiatives.
Collection Industry News
SEPTEMBER 10, 2024
WASHINGTON — The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. The new contracts begin Thursday following today’s expiration of the old contracts. Beginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc.
Account Recovery
SEPTEMBER 10, 2024
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!
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.
Account Recovery
SEPTEMBER 10, 2024
Collector Accused Violating FDCPA, Reg F by Mis-Stating Settlement Amount of $0.01 Judge Grants MTD in FCRA Case Over ‘Reverse Identity Theft’ Claim 20% of Student Loan Borrowers Making No Payments: Study Healthcare Debt, Pricing Transparency are Big Issues for Consumers, Regardless of Political Affiliation PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer WORTH NOTING: Looking at the new features of the iPhone 16 and whether you should upgrade or not … If you do
Account Recovery
SEPTEMBER 10, 2024
A recent survey conducted by Patient Rights Advocate reveals that medical debt is seen as a significant issue by an overwhelming majority of Americans heading into the presidential election campaign. The survey, which polled 2,024 likely voters, found that 77% believe medical debt is a major problem, compared with student loans, which was cited as a major problem by 57% of the participants.
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