A credit repair operation has agreed to stop making false claims and stop charging up-front fees under a settlement with the Federal Trade Commission. The settlement is part of an ongoing crackdown on scams that target financially strapped consumers, taking hundreds of dollars of fees to purportedly remove negative information from consumers’ credit reports even [...]
LOS ANGELES - The global domain provider of order to cash business process outsourcing for optimizing working capital, Vengroff, Williams and Associates (www.vwainc.com) is hosting a series of complimentary, must-attend webinar for credit and collections professionals in Manufacturing, Consumer Product Goods, Media, Healthcare and Telecommunications organizations who are seeking to expand and transform the traditional [...]
Wilmington, Del. — Global Debt Registry is pleased to announce the launch of GDR-5.1, its next-generation accounts receivable (AR) titling, data integrity, and media management platform. The new platform is the industry’s first PCI-compliant accounts receivable platform based on Oracle’s JD Edwards EnterpriseOne application suite. GDR-5.1 delivers significant improvements in features, speed, security, and customization. [...]
ARMing Heroes (www.armingheroes.org), the accounts receivable management industry’s non-profit dedicated to serving U.S. military veterans (hence “ARM” in “ARMing”), has received a generous donation from American Profit Recovery (www.americanprofit.net) on behalf of its employees. The donation was made last week to support the organization’s First Annual Veteran’s Day Charity Fundraising Drive (“the drive”). To explain [...]
Waterloo, Iowa — The CBE Group, Inc. (CBE), a leader in the debt collection industry, announced today that the move of its corporate headquarters to a larger facility is complete. “A vital portion of CBE’s strategic plan of Defining the future of debt collection is our dedication to employee satisfaction,” said Thomas R. Penaluna, CBE’s [...]
A charity that helps members of the ARM industry assist veterans returning home from duty is a deeply personal cause for those involved.
We investigate the issues which together cost an estimated Â£250 million ($400 million) and how creditors are choosing to respond.
The healthcare industry is one of the largest in the United States, representing $1.9 trillion in total revenues as of 2006, or roughly one out of every six dollars spent annually. The steady rise of uninsured individuals has led to an increased burden on healthcare providers, who must recover these self-pay receivables. This has increased demand for the services of accounts receivable management (ARM) companies. Kaulkin Ginsberg has conducted original research on the healthcare sector of the ARM industry – taking the perspective of the companies whose growth and profitability depend on collecting healthcare receivables. This report is based on background and original research from receivables management professionals within healthcare companies, collection agency executives, and medical debt buying professionals. It has been conducted thanks to the generous sponsorship of LexisNexis® and HBCS.
Kaulkin Ginsberg Company is the only advisory firm to actively conduct primary research on the accounts receivable management industry. The candid observations gathered from leaders of public and private companies during this process made the compiling of The Global Debt Buying Report possible. It is filled with the industry’s most comprehensive and up-to-date information (as of March 2006) and it provides insight and clarity about this market.
Mumbai, India: Firstsource Solutions Limited, among India’s leading pure-play BPO companies reported its consolidated financial results for the quarter ended September 2010 according to Indian GAAP. Highlights for the Quarter ended September 30, 2010 Revenues of USD 109.0 million, up 2.6% Q-o-Q compared to USD 106.2 million for the quarter ended June 2010 and up [...]