Debt Collection

UK Late Pay Epidemic Looms Over Xmas Season
UK Late Pay Epidemic Looms Over Xmas Season
December 17, 2018  |  B2B Payments

The U.K. seems to be the epicenter of the late payments epidemic, and new stats bear out the cost to the tune of billions of...

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Lawmakers Want To Outlaw SMB ‘Confession Loans’
Lawmakers Want To Outlaw SMB ‘Confession Loans’
December 06, 2018  |  Bank Regulation

U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to make borrowers forfeit...

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Is AI The New Debt Collector?
Is AI The New Debt Collector?
November 29, 2018  |  Artificial Intelligence

 It's said an ounce of prevention is worth a pound of cure, and the maxim can be applied to debt recovery efforts that average a...

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Forty-Six Percent Of Americans Live Paycheck To Paycheck
Forty-Six Percent Of Americans Live Paycheck To Paycheck
November 13, 2018  |  Economy

When it comes to the economy here in the U.S., the big picture – call it the “top down” view – looks fairly rosy. But...

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The CFPB Settles With National Credit Adjusters
The CFPB Settles With National Credit Adjusters
July 16, 2018  |  CFPB

The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters, a private company, as well as its chief executive...

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Changing The Direction Of Debt Collection
Changing The Direction Of Debt Collection
March 27, 2018  |  Alternative Finances

Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking, share a category...

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ABA Urges CFPB To Scrap Debt Collection Survey (And They Did)
ABA Urges CFPB To Scrap Debt Collection Survey (And They Did)
December 20, 2017  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB), under the leadership of Mick Mulvaney, has withdrawn its request to the Office of Management and Budget (OMB) to...

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CFPB Gets $14M In Relief For Deceived Consumers Since Start Of Year
CFPB Gets $14M In Relief For Deceived Consumers Since Start Of Year
September 13, 2017  |  Bank Regulation

The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from...

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FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
July 18, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who...

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