Archive by Most Comments

Archive by Date
time-is-money

Appeals Decision Supports CFPB-FTC View on Out-of-Statute Debt Collection

Last week the Seventh Circuit Court of Appeals issued its opinion in the consolidated appeals of McMahon v. LVNV Funding and Delgado v. Capital Management Services concerning the collection of time-barred debt without the threat of litigation. The result is not good for the credit and collections industry, principally because it further confuses application of the FDCPA across the nation.

irs-building-dc

Bipartisan Plan to Privatize Tax Collection Hits Opposition

The study compared private collections and IRS collections during four consecutive six-month intervals. Taxpayer Advocate Service found that while private collectors collected more tax dollars in the first six-month period than the IRS, over time IRS collections were more consistent. Private collection agencies had six months of success, before drastically decreasing the dollar amount and percentage of available taxpayer dollars collected.

professional-certification

Unifund Earns Designations Under DBA International Debt Buyer Certification Program

Unifund CCR, LLC today announced that it has earned the designation of Certified Professional Receivables Company (CPRC) and Morgan Smith, Unifund’s Chief Compliance Officer has earned the designation of Certified Receivables Compliance Professional (CRCP) after completing the prescribed educational requirements of DBA International’s Debt Buyer Certification Program.

Business conference

Expert Panel: Top 10 TCPA and CFPB Trends Impacting Contact Strategies

LiveVox Inc., a leading provider of cloud contact center solutions for enterprise operations, announced that John McNamara, CMO, will be joining telecom legal and operations experts as they discuss the prominent TCPA and CFPB developments that are impacting contact center leaders at Telecom Risk Management Association (TRMA) 2014 Spring Conference in Hollywood, FL.

old-people

Social Security Halts Collection of Debts Older than 10 Years

The Social Security Administration announced Monday that it will immediately stop efforts to collect on taxpayers’ debts to the government that are more than 10 years old. This means the SSA will no longer seize state and federal refunds from people who had relatives who owed money to the agency. While the SSA will no longer seize federal and/or state refunds to pay for government debts past the federal statute of limitations, this does not have any impact on other time-barred debts on a state-by-state basis.