Two bills in major Western U.S. states aimed at reining in debt collection practices have recently advanced in their respective legislative chambers. One targets debt buyers specifically while the other is designed to more tightly control debt collectors working for government clients.
The Boston Globe’s editorial page today is advocating for legislative restrictions in the relationships between local district attorneys and private debt collection agencies used to recover bad check debt. The core issue is not that DAs use debt collectors, it’s that many step away from the process and outsource their “prosecutorial discretion” to the companies.
The East Pennsboro Township (Pa.) Board of Commissioners is currently accepting bids from debt collection agencies to go after money owed to the town, according to local paper The Sentinel.
After reporting from several newspapers last year, district attorneys in at least one state are cancelling contracts with private debt collection agencies to pursue bad checks. The moves come as questions are raised about the practices the companies use to recover bad check fees and the right those companies have to operate in the states.
Continental Service Group, Inc., d.b.a. ConServe, is pleased to announce that it is planning to create over 100 additional positions over the next 12 months. ConServe’s steadfast growth in the Higher Education, Commercial and Government markets, has created expansion opportunities in Sales, Operations, Client Relations, Human Resources, Compliance, IT and Finance.
Net Gain Marketing, Inc. (NGM) has announced that Nick Bernardo will conduct an ACA International teleseminar, entitled Top 10 Misconceptions about Government/Student Loan Markets, on Wednesday, February 20, 2013, starting at 11:00 AM CDT.
Debt buyer Portfolio Recovery Associates, Inc. (NASDAQ: PRAA) will be expanding its office in Birmingham, Ala. after local officials voted to give the ARM company job creation incentives.
Capital Recovery Systems, Inc. (CRS) a full service receivables management and debt collection agency, serving the local government sector, recently reached the $150 million collection milestone for its Ohio court clients.
Portfolio Recovery Associates, Inc. today appointed Steve Roberts, a marketing and operations executive for public and private companies, as PRA’s president, business and government services. In this new role, Roberts will direct PRA’s U.S. fee-based businesses focused on state and local governments, auto lenders, law enforcement, institutional investors, manufacturers and retailers.
For the past two decades, the accounts receivable management industry has been dominated by firms that purchased and/or collected credit card receivables. But the financial liquidity crisis of 2008 spurred a sea change in that market.