A recent Illinois bill provides a welcome fix to the Illinois Collection Agency Act (ICAA). The legislation, SB 1369, corrects amendments made to the ICAA this past August. Those amendments potentially expanded sections of the ICAA to commercial debt and would require disclosures contrary to (and possibly in violation of) the federal Fair Debt Collection Practices Act. The […]
Minnesota Commerce Commissioner Mike Rothman announced yesterday that a Texas-based debt collection company is facing a $500,000 penalty and a consent order that requires the company to change its ways, including rewriting its collection manual and retraining its employees. The financial penalty is the largest ever imposed on a debt collection agency by the Minnesota […]
The Commercial Law League of America (CLLA) is pleased to announce that Robert S. Bernstein, of Bernstein-Burkley, P.C., in Pittsburgh, PA, will serve as its 2015-2016 Board of Governors president. This makes Bernstein the only two-term president other than the group’s founder, William Sprague, in 1896. Since joining the CLLA in 1975, Bernstein has held […]
The ARM industry is used to bad news and negative media attention. But this week, there were a couple articles run in prominent media that cast the industry in a positive light. The first was a nice local profile of a collection agency and the second featured a defense of private collectors on the Department of Education’s student loan collection contract.
What qualities do effective commercial collectors have in common…is it personality, skills, education or something else? The International Association of Commercial Collectors (IACC) asked this question in its Pulse of the Profession Survey, which was conducted during the first quarter of 2015.
The International Association of Commercial Collectors, Inc. (IACC) is pleased to announce Jessica Hartmann as its new executive director, effective immediately.
Caine & Weiner is celebrating a major milestone of serving customers in the credit and collections industry. Founded in 1930 by Sidney Caine and Charles Weiner, the company has reached its 85th anniversary and is led by Greg Cohen, President and CEO.
Altus Global Trade Solutions (Altus GTS), a full service accounts receivable management agency, has launched its new Trade Data Reporting service. Clients can now report their customers’ payment activity to the three major commercial credit bureaus, Dun & Bradstreet, Experian and Equifax, through Altus’ easy-to-use online portal. This valuable service is offered at no charge to Altus clients.
Chris Mathews has been appointed by Greg A. Cohen, Caine & Weiner’s, President and CEO, effective March 2, to be the company’s Chief Financial Officer, reporting directly to Greg Cohen.
ABC-Amega, a global commercial receivable management firm, recently made strategic changes to their credit services division naming a new Divisional Vice President of Credit Services and a Divisional Vice President of Member Services.