Sat.Apr 06, 2024 - Fri.Apr 12, 2024

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28 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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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

In the dynamic landscape of business, maintaining a healthy cash flow remains a paramount challenge, particularly in the face of rising collection costs. This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection.

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How Do Prepaid Debit Cards Work?

Credit Corp

A prepaid debit card isn’t connected to your bank account. Instead, you buy the card from an authorized retailer, activate it, and then load money onto it. Cash is king, but not everyone wants to carry a wallet full of cash wherever they go. You could always use a debit card or a credit card, but what if you don’t want to share your personal information with another financial institution?

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Preparing Your Business For A Debt Collection Agency

Enterprise Recovery

Is your business struggling with unpaid invoices or clients not paying on time? Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business. Learn how to effectively prepare your business for working with a debt collection agency to recover outstanding payments.

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Solve Your Firms Automation Complexities Once and For All

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.

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Judge Grants MSJ For Defendant in FDCPA Case Over Communications After Cease Request Made

Account Recovery

A Magistrate Court judge in Maryland has granted a defendant’s motion for summary judgment in a case that related to how to communicate with a consumer who has ceased communications with a collector, only for the collector to have another separate debt placed with it for the same individual.

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New Options for Pursuing Judgment Liens in Florida

Jimerson Firm

Collecting on Judgment Liens in Florida Acquiring a money judgment through the litigation process in the State of Florida can be tough, arduous, and expensive. When a court enters a civil money judgment, it creates a judgment debtor and a judgment creditor. If the judgment debtor fails or refuses to pay the amount of the judgment, the judgment creditor may elect to use statutory collection methods to partially or fully satisfy the judgment.

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This Fair Housing Month, We Demand Housing Justice  

Prosperity Now

This April marks the 56th anniversary of the Fair Housing Act, a landmark piece of legislation which outlawed housing discrimination and hoped to foster racial integration by giving everyone the ability to access the same neighborhoods and housing opportunities.

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Daily Digest – April 12. Suit Accuses Law Firm of Accessing Credit Report Without Permissible Purpose; Judge Grants MSJ For Defendant in FDCPA Case Over Communications After Cease Request Made

Account Recovery

Suit Accuses Law Firm of Accessing Credit Report Without Permissible Purpose Judge Grants MSJ For Defendant in FDCPA Case Over Communications After Cease Request Made Owners of Oregon Debt Consolidation Service Indicted for Mail, Wire Fraud CFPB GC Talks About Debt Collection, Credit Reporting With Consumer Advocates WORTH NOTING: The origin of phrases like “break […]

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CFPB Comment to Illinois Joint Committee on Administrative Rules on the State’s Proposed Community Reinvestment Act Rules

Consumer Finance

The CFPB’s Deputy Director submits this CFPB comment to the Illinois Joint Committee on the state’s proposed community reinvestment rules, specifically in support of provisions addressing appraisal bias.

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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.

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Welcome to the Debt Resolution Funnel: Insights from 20MM Consumers

True Accord

When it comes to financial and lending services, the customer journey doesn’t drop off once a consumer enters delinquency—in fact, quite the opposite. In the world of debt collection, understanding this unique, and often overlooked, part of the customer journey is critical to securing repayment and debt recovery. Welcome to the Debt Resolution Funnel.

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How to Help Young Adults File Taxes

Credit Corp

[This is a guest post contributed by Jessica Chung, Programs Director at FitMoney] Millions of Americans will file their taxes this spring, but for many, they’ll be first-time filers. As parents, teachers and caregivers for young adults, we want to be sure that our children are financially savvy and secure, but these new taxpayers likely haven’t received the proper financial education needed to successfully file.

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Daily Digest – April 11. Getting to Know Geoff Meister of Paragon BPO; Judge Dismisses FDCPA Class Action With Prejudice

Account Recovery

Getting to Know Geoff Meister of Paragon BPO Judge Dismisses FDCPA Class Action With Prejudice CFPB Notes Issues With Collectors Not Investigating Disputes Report Offers Insights Into How to Engage with Consumers WORTH NOTING: People who have “white-sounding” names are more likely to be hired than names associated with being African-American, according to a new […]

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Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director Consumer Financial Protection Bureau, at the National Consumer Law Center/National Association of Consumer Advocates Spring Training

Consumer Finance

General Counsel of the CFPB Seth Frotman provided a statement regarding the National Consumer Law Center / National Association of Consumer Advocates Spring training.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

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Retail Insolvencies climb 19% in the UK

UK debt collections

New analysis by Mazars has found that the number of insolvencies by retailers has increased 19% in the past year to 2,195 in 2023/24 up from 1,843 in 2022/23. High profile retail insolvencies include The Body Shop in February, as well as fashion brand Ted Baker and online luxury fashion retailers MatchesFashion and Farfetch. Cautious consumer spending, and higher interest rates have also impacted the rise.

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Data Breach Class Action Defense – Understanding Negligence Claims

Jimerson Firm

Modern Florida businesses often collect significant amounts of personal information in the ordinary course of their business. This information is attractive to threat actors who regularly use confidential information to commit identity fraud and to sell such information to other nefarious persons or entities. Accordingly, motivated and sophisticated hacker collectives often target healthcare providers and Florida businesses trying to compromise this valuable, sensitive information.

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Judge Dismisses FDCPA Class Action With Prejudice

Account Recovery

Seven years after the complaint was initially filed, a District Court judge in New Jersey has adopted a Magistrate Court judge’s recommendation to dismiss a Fair Debt Collection Practices Act class-action lawsuit because the plaintiffs lacked standing to sue after allegedly receiving initial collection letters that did not include the validation statement.

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CFPB Revela Violaciones Cometidas a los Requisitos de Exactitud en el Reporte del Crédito que Afectan Inclusive a Víctimas del Tráfico de Personas

Consumer Finance

CFPB publica edición de su Reporte de Supervisión mostrando datos claves encontrados en evaluaciones recientes sobre los continuos problemas con la exactitud del sistema de reporte del crédito.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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What Can Bailiffs Take From A Limited Company In Debt?

Hudson Weir

For a company in debt threatened with an enforcement notice, it’s important to explore the different viable business recovery options but you may want to know, what can bailiffs take? If your business is in debt and creditors are trying to reclaim their money, this is a tough period that requires careful navigation. Where possible, taking steps to reach an agreement with creditors long before they successfully appoint bailiffs is highly advisable.

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Michael Orozco provides CLE on franchise law

Price Meese

Michael Orozco provided a continuing legal education seminar on franchise law through the National Academy of Continuing Legal Education. The CLE is currently available through the NACLE on the website or by clicking this link: [link]. The post Michael Orozco provides CLE on franchise law appeared first on Price, Meese, Shulman & D’Arminio, PC.

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Daily Digest – April 9. Plaintiff Pre-Emptively Asserts Defendant Can’t Claim BFE in FDCPA Complaint; Study Debunks Impact of Medical Debt Forgiveness on Consumers

Account Recovery

Plaintiff Pre-Emptively Asserts Defendant Can’t Claim BFE in FDCPA Complaint Judge Grants MSJ For Defendants in FCRA Claim, But Denies Motion on FDCPA Claim Study Debunks Impact of Medical Debt Forgiveness on Consumers Navigating the Future of Healthcare Payments WORTH NOTING: Photos from yesterday’s eclipse … A 58-year-old grandmother could watch two movies while setting […]

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Do You Have to Pay Again If You Received Fraudulent Wire Instructions?

FFGN COLLECT NY

You made a wire payment based on the instructions you received. Unfortunately, the instructions were fraudulent and the payment never reached the vendor. Can you be required to pay again if you made a payment based on fraudulent wire instructions? Wire and ACH payments are preferred to paper checks, credit cards, and other forms of payment. These types of payments offer immediate funds with few or no fees, but they can come with risks such as wire fraud.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. Because Chapter 7 involves a Chapter 7 Trustee selling off certain non-exempt assets, many who consider this bankruptcy method worry about what assets and possessions they can retain.

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Joint Statement by Rohit Chopra, Director of the United States Consumer Financial Protection Bureau, and Didier Reynders, Commissioner for Justice and Consumer Protection of the European Commission

Consumer Finance

On July 17, 2023, Rohit Chopra, Director of the United States Consumer Financial Protection Bureau, and Didier Reynders, Commissioner for Justice and Consumer Protection of the European Commission, announced the start of an informal dialogue between the European Commission and the CFPB on a range of critical consumer financial protection issues.

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Judge Grants MSJ For Defendants in FCRA Claim, But Denies Motion on FDCPA Claim

Account Recovery

In a case that was defended by Dale Golden and the team at Martin Golden Lyons Watts Morgan, a District Court judge in Alabama has granted a defendant’s motion for summary judgment that it did not violate the Fair Credit Reporting Act in how it conducted investigations of the plaintiff’s disputes, but denied the defendant’s […]

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Will bankruptcy cost you your car?

Roths Child Law

You may have heard you could lose some assets if you file for bankruptcy. One you might not want to lose is your car. You probably rely on your vehicle for many things - for work, to drop your kids at school, do the shopping or ferry your elderly mother about. So what is the truth? Will a personal bankruptcy cost you your car? It probably won’t Bankruptcy courts and lawmakers realize how essential cars are to many people.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.