The value of a business, like beauty, lies in the eye of the beholder, right? Yes but only to a point. Some buyers may place a higher value than others on particular aspects of a selling business.
At a time when many people could use a little financial help, ARMing Heroes, the collection industry’s charity for military veterans, today shared an amazing story of one military vet who selflessly turned down his grant award so that the funds could be used to help another military vet who needed it more.
The Commercial Collection Agencies of America, Inc. recently announced the formation of a new non-profit association to provide experience, expertise, ethics, and education to agencies, attorneys, credit grantors, and collections professionals working in the collections and credit industry.
If you find yourself reaching out to prospects, leads, or clients in order to market your company, you might want to rethink your standard emails that return no response. Here are a few quick tips to help draft the perfect marketing email.
The Consumer Financial Protection Bureau (CFPB) recently began a more aggressive approach to the debt collection industry, bypassing the larger market participant examination process and issuing Civil Investigative Demands (CIDs) to a number of debt collectors focused on specific complaints and alleged practices.
ACA International recently filed an amicus curiae brief with the Sixth Circuit Court of Appeals in the case of Buchanan v Northland Group Inc. At issue is the district court’s decision that a debt collector does not mislead a consumer and therefore does not violate the Fair Debt Collection Practices Act by making a settlement offer to collect a debt without disclosing that the statute of limitations for filing a collection lawsuit has expired.
Many owners of ARM companies are contemplating whether to hunker down and focus on running their business or whether the time is right to sell their company. Here are some big picture trends that are sure to influence some owners’ decision making process.
Lawsuits against ARM companies filed by consumers under the Fair Debt Collection Practices Act (FDCPA) are on track to decline again in 2014. If the trend holds, it would be the third-straight year of declines in total FDCPA lawsuits after years of rapid growth.
WebRecon, the leading provider of consumer complaint data to the credit and collection industry, announced today a new partnership with Ontario Systems, a leading receivables management technology and services provider. Ontario Systems will offer WebRecon’s consumer litigant scrub (“The Litigant Alert”) to its customer base through its integrated Link product.
Does a consumer need to be “protected” from repaying his own debts? Can a consumer be “harmed” if he voluntarily makes a payment on a debt that he admittedly owes? The CFPB apparently believes that sometimes the answer is “yes.”