It is our opinion that in order for the probate process to work in an efficient manner, a strict, literal reading of Section 805(b) of the FDCPA is a mistake. The FDCPA prohibits a debt collector from speaking to any third party, excluding (among others) Executors or Administrators.
SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announced that Thomas R. Sandler, former CEO of Thule Organization Solutions Inc. (formerly Case Logic Inc.), has joined the SquareTwo Financial board of directors.
SoundBite Communications, Inc. (NASDAQ: SDBT), a leading provider of on-demand, multi-channel proactive customer communications, today announced its re-certification as a Level 1 Service Provider compliant with the Payment Card Industry Data Security Standard (PCI DSS). This marks the third consecutive year that SoundBite has been PCI certified as a Level 1 service provider. The full list of service providers is available here.
US Digital Transactions Corporation announced today the first chargeback recovery services designed specifically for merchants to collect revenue due from consumers that perpetrate friendly fraud.
Akcelerant, a provider of connected software technology to the financial services industry, and SchoolsFirst Federal Credit Union, a California-based credit union with 8.3 billion in assets, appeared in the January 17th edition of the CU Journal after participating in an interview about how Akcelerant’s industry-leading software platform, the Akcelerant Framework, has played a key role in improving collections at SchoolsFirst.
The items below are excerpted from the Business Bankruptcy News Bulletin. A full issue contains information on dozens of troubled companies, as well as informational and analysis highlights and an examination of business bankruptcy matters.
On Monday insideARM.com published a blog from Rozanne M. Andersen entitled, A Guideline to Self-Review of Debt Collection Letters, on the importance of frequently reviewing your company’s collection notices to mitigate the risk of regulatory violations and consumer litigation. Now that we’ve got you thinking about this topic, insideARM thought we might add a little fun to your Friday by transporting you back in time (via our patented and top secret Interwebs Time Machine) to the days of pop quizzes. Oh no, not the dreaded Friday Pop Quiz. Ms. Andersen has kindly provided three sample collection letters that failed to pass legal review. Can you spot the violations?
STERLING, Ill. – In May 2009, after a year of development and internal testing, VeriFacts, Inc., released to select clients their beta format JobTrace product. This batch solution applies intelligence gained from over 20 years of manual investigation and data, now available in electronic format, to produce the most probable place of employment location for [...]
This week, Pro Recovery Consultants Inc, a Durham, N.C.-based collection agency, unveiled a new section of their website, which deals with first party debt collection. The section represents the Accredited Cash Flow division of their business, which is geared towards helping setup and manage an in-house collection department. While Pro Recovery Consultants have traditionally been [...]
The FTC is encouraging states to focus on specific legislation and regulations that target the ARM industry as the agency transitions power to a new financial regulator.