Account Recovery
FEBRUARY 11, 2025
A Senate committee in the Washington state legislature has advanced a medical debt collection bill that could significantly change how medical debt is reported and enforced. Senate Bill 5480, introduced in the 69th Legislature, aims to void and make unenforceable any medical debt that is reported to a consumer credit reporting agency or credit bureau.
Collections Law
FEBRUARY 13, 2025
Unresolved business debt can wreak havoc on your company’s financial health and well-being. As a Massachusetts business owner, it is easy to get frustrated by the lack of payment. However, there is much more to this than just emotional frustration. The negative ripple through your company is also financially detrimental. Carrying bad business debt on your books affects cash flow, credit ratings and overall business sustainability.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
UK debt collections
FEBRUARY 12, 2025
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting debts to help service users more effectively and boost collections revenues. The report praises the accomplishments of the Government Debt Management Function and the Treasurys cross-government Fairness Group but highlights the need for continued progress and a focus on local government.
True Accord
FEBRUARY 11, 2025
Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors. In a webinar on January 29, 2025, industry experts Kelly Knepper-Stevens, TrueML Chief Legal Officer; Katie Neill, TrueAccord General Counsel and Chief Compliance Officer; and Lauren Valenzuela, Retain by TrueML Products General Counsel and Chief Compliance Officer, shared insigh
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Account Recovery
FEBRUARY 13, 2025
LAS VEGAS — For anyone who has been in this industry for longer than it takes to drink a cup of coffee, you’ve no doubt heard some reference to how slow companies in credit and collections have been to adopting technology. Having a conversation during last night’s cocktail reception at RMAI’s annual conference, it was noted that as recent as five years ago, companies were still struggling with embracing digital collections, a situation which hasn’t changed much for
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
FFGN COLLECT NY
FEBRUARY 12, 2025
Lawyers are never at a loss for words, thats for certain! But when it comes to filing some court documents, there’s a limit to how many words they can use. The New York Supreme Court has a word limit for most legal papers filed within its system. Although this rule was enacted four years ago, many lawyers do not know about these limits. The maximum allowable words are set at 7,000 words in each affidavit, affirmation, brief, and memorandum of law.
Credit Corp
FEBRUARY 13, 2025
Debt settlement, also known as debt negotiation or debt resolution, means your creditors have agreed to accept less than the full amount you owe them. If youre considering working with a debt settlement company to negotiate or settle your debts , you should ask them some essential questions before signing up. Getting these answers can help you determine if the settlement company is legitimate and if it is the best option for your financial situation.
Account Recovery
FEBRUARY 11, 2025
Coral Gables, FL February 10, 2025 Following the acquisition of AACANet, Pollack & Rosen, P.A. (P&R) and its sister company, Gateway Portfolio Services, LLC, have entered into a strategic partnership with Harvest Strategy Group, Inc. to deliver more transparent, data-driven, and compliance-focused debt recovery solutions. This collaboration leverages AACANets national network while integrating Harvest Strategy Groups advanced analytics and compliance-driven portfolio management strateg
Jimerson Firm
FEBRUARY 14, 2025
If you have information about potential violations of federal securities laws, the Securities and Exchange Commission’s (SEC) whistleblower program provides significant protections and potentially substantial monetary rewards for coming forward. Understanding how the program works and its various requirements is essential for protecting your rights and maximizing your chances of receiving an award.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Collection Industry News
FEBRUARY 10, 2025
TransUnion (NYSE: TRU) has released its sixth annual debt collections report, revealing that 52% of debt collection companies experienced increased account volumes in the past 12 months. While 62% expect better financial positions next year, companies face challenges with decreased collectability since 2020 and rising concerns about data security and compliance.
Account Recovery
FEBRUARY 13, 2025
The Consumer Financial Protection Bureau is being sued by the City of Baltimore and Economic Action Maryland Fund, challenging the administrations actions to defund the bureau. Adding to the turmoil, the CFPB has also fired several expert witnesses critical to ongoing cases against financial institutions accused of consumer harm, according to a published report, suggesting a broader retreat from its mission of protecting Americans from financial abuse.
Account Recovery
FEBRUARY 13, 2025
Lawmakers in in South Dakota have taken opposing actions on two medical debt bills, advancing one that prohibits reporting medical debt to credit agencies while rejecting another that sought to limit when hospitals could send bills to collections.
Account Recovery
FEBRUARY 11, 2025
A New Jersey Appeals Court has overturned a lower court’s ruling in favor of a defendant that had granted arbitration in a collection lawsuit more than a year after the complaint had been filed and litigated. The appellate court found that the defendant ultimately waived its right to arbitration due to its litigation activities. The background: The case arose from a collection lawsuit filed in January 2022.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Account Recovery
FEBRUARY 13, 2025
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
Account Recovery
FEBRUARY 13, 2025
Getting to Know Heather Taylor of State CFPB Faces First Lawsuit Over Dismantling Companies Accelerating Tech Deployments South Dakota Lawmakers Split on Medical Debt Collection Bills WORTH NOTING: Eight tools to help you get a better night’s sleep … As “Saturday Night Live” gets set to celebrate its 50th anniversary, a look back at some key moments and decisions that made the show what it is today … And here are 12 iconic moments from the first 50 years of the show
Account Recovery
FEBRUARY 12, 2025
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.
Jimerson Firm
FEBRUARY 13, 2025
After a business owner submits a good faith business damage offer in a Florida eminent domain case, the focus shifts to reaching a resolution of the claim. This article examines the process of settling business damage claims, including the condemning authority’s obligations, the components of a business damage settlement, and how attorney’s fees and costs are determined.
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.
Jimerson Firm
FEBRUARY 12, 2025
When a business suffers economic harm due to a taking in Florida, the business owner bears the burden of proving the amount of damages. Calculating and substantiating business damages requires a thorough, thoughtful approach and detailed evidence. This article explores the key steps and considerations in measuring and demonstrating business damages in Florida eminent domain cases.
Jimerson Firm
FEBRUARY 11, 2025
When a condemnor takes a Florida business owner’s private property through eminent domain, the owner may be left wondering, What about my business? Fortunately, Florida law recognizes that a business may suffer compensable damages separate from the value of the real estate in an eminent domain taking. This article breaks down the essential concepts that business owners need to know about claiming business damages if they encounter a situation involving eminent domain.
Account Recovery
FEBRUARY 14, 2025
The ongoing situation at the Consumer Financial Protection Bureau is now being engaged on two fronts — the actions being taken by the administration to dramatically downsize the scope of the agency and the legal challenges that are now being filed to try and stop the administration from taking these actions. There was news on both fronts yesterday.
Account Recovery
FEBRUARY 14, 2025
If the Consumer Financial Protection Bureau is not interested in defending itself against a lawsuit seeking to block the implementation of its medical debt credit reporting rule, consumer advocacy groups want to step in, according to a motion filed yesterday in federal court. At the same time, the judge in the case has granted the CFPB’s request for a 90-day stay in the proceedings.
Advertisement
Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Account Recovery
FEBRUARY 14, 2025
Plaintiff Sues Lender, CRAs for Negative Reporting After Issuing 1099-C California Appeals Court Reverses Judgment in Debt Buyer Case CFPB Fires More Employees as Union, Advocacy Groups Sue to Block Moves Court Grants Stay in Medical Debt Credit Reporting Case Against CFPB as Consumer Groups Seek to Intervene Receivables Management Association International Honors Industry Leaders at Its 2025 Annual Conference WORTH NOTING: Why the heart has become the universal symbol for love … This coul
Account Recovery
FEBRUARY 14, 2025
EDITORS 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!
Account Recovery
FEBRUARY 14, 2025
A California Appeals Court has reversed a lower court’s ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA). The background: The case stemmed from a violation of Californias FDBPA, which regulates how debt buyers may collect delinquent consumer debts that the original creditors have written off as a loss.
Account Recovery
FEBRUARY 14, 2025
The Receivables Management Association International celebrated its 28th Annual Conference in Las Vegas, February 10-13, 2025. RMAI took the opportunity to present its annual awards as part of its Annual Business Meeting, recognizing leaders in the receivables management industry. RMAIs Annual Conference is the premier event for the industry, with more than 1,500 attendees this year.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Expert insights. Personalized for you.
130 
Let's personalize your content