Nearly two years ago, Neil Madison was sentenced to eight years in prison for running a debt collection agency that actively scammed businesses that were looking for help recovering debts. A news report on a TV station last night added new details to the case.
A U.S. District Court last week ruled in favor of a commercial debt collection agency that was sued by a consumer who alleged violations of the FDCPA. But the consumer had made his purchase as a business and later tried to claim the product was for personal use. The decision gives weight to what information the consumer provides during the original transaction.
The recent acquisition of Carrollton, Texas based commercial collectors, RCI Asset Solutions, by Tucker, Albin and Associates means that current RCI customers will now have access to improved debt collection resources and the best available technology.
Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce that Michael Magarrell has joined the company as Vice President of Strategic Accounts. Drawing on his more than 27 years of experience in the debt collection industry, Magarrell will lead ACT’s expansion into the auto, financial, […]
The Commercial Collection Agency Association of the Commercial Law League of America reports that in the fourth quarter of 2013, the number of commercial (B2B) accounts placed with CCAA members decreased slightly by 5.70% when compared to third quarter of 2013.
Johnson, Morgan & White announced today that the company, a debt collection company headquartered in Palm Beach County, Fla. specializing in business to business collections, will begin accepting Bitcoin digital currency for payments of debts owed to its creditor clients.
The International Association of Commercial Collectors (IACC) recently elected its board of directors for the 2014 year during the association’s 43rd Annual Convention in Miami Beach, Fla.
As consumers continue to seek and receive more credit, the latest quarterly survey of U.S. and Canadian bank risk professionals found expectations for delinquencies on auto loans hit their highest level since Q4 2012, and expectations for delinquencies on credit cards reached their highest level in two years.
ABC-Amega, a global commercial receivable management firm headquartered in Buffalo, NY, is proud to announce two changes to the company’s leadership team and a number of staff promotions.
Receivables Performance Management (RPM) is excited to announce that it has completed some internal leadership changes at its headquarters in Lynnwood, Washington.