Account Recovery

NOVEMBER 11, 2024

The Accounts Receivable Management and Revenue Cycle Management sectors are navigating significant headwinds that are reshaping how debts are collected heading into the final weeks of 2024, according to a report released recently by Corporate Advisory Solutions. Rising delinquencies, the return of student loan payments, and evolving credit reporting rules for medical debt are driving change across these sectors, which industry professionals need to keep in sharp focus.

Student loans 162

Student loans Student Loans Healthcare Accounts Receivables Management 162

Consumer Finance

NOVEMBER 11, 2024

The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

Financial Institution 86

Financial Institution Financial services 86

Account Recovery

NOVEMBER 11, 2024

The good times keep rolling at Encore Capital Group, which reported a 58% jump in new income for the third quarter of 2024, compared with the same quarter last year, driven by its Midland Credit Management (MCM) operation, which continues to capitalize on record levels of charged-off debt available for purchase. Why it matters: The surge in U.S. charged-off debt and increased lending are creating unprecedented opportunities for debt buyers and collection agencies, signaling a significant shift i

Acquisition 130

Acquisition Collection Agencies Collections Agency Credit Management 130

Hudson Weir

NOVEMBER 11, 2024

For businesses entering insolvency, or at risk of this happening, creditor claims are a key concern – especially if a retention of title clause was involved in the initial contract. Why? Because it means a creditor including a retention of title clause in the agreement took preventative measures, in case their customer was unable to pay for the goods or services later: Retention of title means that in the event that a business does not pay a supplier in full for the product or service, that prov

Unsecured Creditor 52

Unsecured Creditor Creditors Manufacturing Trade 52

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

NOVEMBER 11, 2024

Judge Grants Motions from Both Sides in FDCPA Case ARM and RCM in Q3: Navigating Rising Challenges Encore Capital Reports Strong Q3 Performance Amid Record U.S. Debt Supply Compliance Digest – November 11 WORTH NOTING: A list of the best early Black Friday deals to help you get a jump on your holiday shopping … With all the hubbub about the presidential election, the fact that control of the House of Representatives is still up for grabs isn’t getting a lot of attention … You h

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Account Recovery

NOVEMBER 11, 2024

It’s not often that both sides in a Fair Debt Collection Practices Act lawsuit get their motions granted at the same time, but a District Court judge in New Jersey pulled off the feat, ultimately remanding the case back to state court after the defendant was accused of attempting to collect on a debt without being properly licensed to collect in the state.

Fair Debt Collection 130

Fair Debt Collection Original Creditor Creditors Collections 130

Account Recovery

NOVEMBER 11, 2024

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

Credit Unions 130

Credit Unions Credit Unions Debt collector Healthcare 130