Debt Collection

Debt Collection, Done Digitally?
Debt Collection, Done Digitally?
May 07, 2019  |  Regulation

Unlimited texting? Perhaps. Nights and weekends – well, maybe not. The latest salvo of proposed rule-making that would change the debt collection landscape seeks to...

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CFPB Proposes Implementation Of Fair Debt Collection Practices Act
CFPB Proposes Implementation Of Fair Debt Collection Practices Act
May 07, 2019  |  Regulation

The Consumer Financial Protection Bureau (CFPB) announced on Tuesday (May 7) that it has introduced a proposal to implement the Fair Debt Collection Practices Act....

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Kraninger Outlines CFPB Roadmap, Success Factors
Kraninger Outlines CFPB Roadmap, Success Factors
April 19, 2019  |  CFPB

In a series of statements and interviews, Kathy Kraninger, the new director (as of December of 2018) of the Consumer Financial Protection Bureau, has laid...

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Venmo Pursues Customers With Negative Balances
Venmo Pursues Customers With Negative Balances
March 25, 2019  |  Payment Methods

Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in...

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How Payment Plans Can Cure Healthcare Payments’ Biggest Problem
How Payment Plans Can Cure Healthcare Payments’ Biggest Problem
February 14, 2019  |  Healthcare

Americans are on the hook for an ever-increasing percentage of their medical bills. As healthcare becomes a tough pill to swallow financially, 57 percent of...

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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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