Debt Collection

CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July...

READ MORE >
Why Collecting Payments Starts With Better Invoices
Why Collecting Payments Starts With Better Invoices
May 02, 2023  |  SMBs

Cash is the lifeblood of a business, meaning that delayed payments delay growth. Payment defaults are even worse. Today’s turbulent macroclimate has only underscored the...

READ MORE >
CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
June 13, 2022  |  Personal Finance

Members of the U.S. military are especially vulnerable to erroneous or unscrupulous actions by companies connected with credit ratings and debt collection, the federal Consumer...

READ MORE >
NexaCollect Rolls Out B2B Division For Commercial Debt Collection
NexaCollect Rolls Out B2B Division For Commercial Debt Collection
June 22, 2020  |  B2B Payments

To help firms retrieve funds from past-due invoices, NexaCollect has rolled out a B2B arm that provides information about commercial debt collection, according to an...

READ MORE >
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
March 03, 2020  |  Debt

The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in...

READ MORE >
CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
January 27, 2020  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), 2020 may be a landmark year. There’s the looming question over the agency’s very constitutionality, recent definitions of...

READ MORE >
How SMBs Can Address Late Payments — Before They Happen
How SMBs Can Address Late Payments — Before They Happen
January 10, 2020  |  B2B Payments

Few small businesses (SMBs) are immune to the risk of delayed and late payments. With payment terms an age-old practice in B2B trade, ensuring trust...

READ MORE >
India’s Rapid But Rocky Transition Into Digital Financial Services
India’s Rapid But Rocky Transition Into Digital Financial Services
December 05, 2019  |  Alternative Finances

While much of the world is profoundly different at the end of this decade than at the beginning, there are few places on the planet...

READ MORE >
CFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
CFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
October 16, 2019  |  CFPB

Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer Finance Protection Bureau...

READ MORE >