Jury Awards Plaintiff $1.26 million in FDCPA Violation Lawsuit
A federal jury in New Mexico has awarded a plaintiff $1.26 million in a case that accused a collection law firm of twice attempting to garnish her wages for a debt she did not owe.
Asset Acceptance Reports Sharp Earnings Rise in Second Quarter
Debt buyer Asset Acceptance Capital Corp. late Thursday reported a sharp increase in net income for the second quarter of 2011 while also reporting gains in revenue and cash collections.
Portfolio Recovery Breaks All Kinds of Records with Q2 Results
Debt buyer Portfolio Recovery Associates late Thursday reported financial results for the second quarter of 2011 marked by record-high net income, cash collections, and revenue.
Doing it Wrong: Glass (in debt) Houses Edition
In today’s Doing it Wrong, we look at the Pot/Kettle relationship between Illinois Congressman Joe Walsh and the national debt.
Law Firm Deploys Debt Collection Solution from Latitude Software
Johnson Mark LLC, a civil litigation law firm specializing in debt collection and creditor rights, has reported reduced costs and increased efficiencies as a result of deploying the debt collection solution from Latitude Software, an Interactive Intelligence Group Inc. company.
Asta Funding to Report Third Quarter Results of Fiscal Year 2011 August 4
Asta Funding, Inc., a consumer receivable asset management and liquidation firm, will report its financial results for the third quarter and nine months ended June 30, 2011 before the market opens on Thursday, August 4, 2011.
Urban Cable Chooses Debt Resolve’s DR Prevent Solution
Debt Resolve, Inc. announced that Urban Cable LLC, a leading provider of receivables management services to the cable industry based in Gary, IN, has chosen the DR Prevent Solution as its web collections solution. Urban Cable will use both a consumer web solution and a face-to-face solution at the consumer’s door.
CSI Financial Services Generates Strong Growth in First Half of 2011 Amidst Expanding Client Portfolio
CSI Financial Services, the healthcare industry’s leader in providing patient-friendly bank loans, announced that its portfolio of patient accounts grew by more than 38 percent during the first half of 2011, driven by both new healthcare providers utilizing the ClearBalance loan program and continued demand within CSI’s existing client base.
Officials Raid Collection Agency, Arrest Three
Authorities in Florida this week raided a collection agency and arrested three people officials say bilked consumers out of $50,000 in an illegal debt collection operation.
Big Bank CEOs Urge U.S. Debt Limit Deal
In a letter signed by a who’s-who of large U.S. bank CEOs, Wall Street urged members of Congress to join together and get a deal in place to raise the U.S. borrowing limit by the end of the week.