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Any money owed to a city, county or other local government is a municipal receivable. The money is usually owed from citizens for property tax, court fines and fees, parking tickets, and many other usage fees on the local level. Because balances are typically low, but volumes very high, municipal debt collection is considered a specialty sector in the ARM industry.
Performant Financial Corporation (NASDAQ: PFMT) and Grant Thornton LLP signed a joint go-to-market agreement to assist the rapidly increasing improper payment market in the Government sector.
The New York Times over the weekend ran a front-page Sunday edition smackdown of bad check collectors and their relationships with local district attorneys’ offices.
The lengthy piece, “In Prosecutors, Debt Collectors Find a Partner,” explores the permissive nature of some arrangements between debt collection agencies and DAs that manifest with dunning notices going out on official government letterhead.
Net Gain Marketing, Inc. (NGM) has announced the availability of a recording of the expert roundtable discussion entitled, Small Business Government Contracting: Challenges & Opportunities, which was held on August 15, 2012. Please visit our site to gain access to the recording.
Net Gain Marketing, Inc. (NGM) has announced it will hold a free, expert roundtable discussion on small business government contracting at 1PM EST on Wednesday, August 15, 2012, entitled Small Business Government Contracting: Challenges & Opportunities.
The National Association of Retail Collection Attorneys (NARCA) presented a panel discussion entitled “Collecting State Debt: Maximizing Revenue & Resources Through Outsourcing” at the Annual Meeting of the Conference of Western Attorney Generals (CWAG) which took place in Anaheim, California, from July 22–26.
insideARM.com published a story this morning on its Forbes.com blog–The Business of Receivables–regarding the announcement of a patent issued by the United States Patent and Trademark Office to TriCap Technology Group. TriCap owns the open market debt portfolio exchange platform, ARxChange.
The new patent (# 8234209) has material implications for the U.S. debt markets as a whole, and specifically for any ARM company that buys delinquent debt or services purchased delinquent accounts.
Municipal Services Bureau (MSB) announced Thursday that it has expanded its staff in Hawaii for a client, the Hawaii State Judiciary. MSB has provided outsourced collection services on its delinquent accounts since 2005.
There are plenty of ARM companies that specialize in older debt. But has anyone ever tackled a 450-year old one?
The state of Louisiana is considering moving ahead with a pilot program that would see older delinquent debts sold into the ARM market.
Municipal Services Bureau (MSB) announced Friday that started implementing a debt collection contract with Nassau County, New York.