Receivables Performance Management (RPM) is excited to announce that it has completed some internal leadership changes at its headquarters in Lynnwood, Washington.
Selling uncollectable or “bad” debt has become a new and exciting prospect for many utility companies. However, there can be pitfalls and issues when selling bad debt.
As the ARM industry prepares for 2014, it might help in strategic planning to know which types of debt are attracting the most consumer complaints about debt collection.
The percentage of American consumers with at least one account in the third party debt collection system fell sharply in the third quarter of 2013, according to data released Thursday by the Federal Reserve Bank of New York. But the average balance of accounts in collection increased sharply.
The Consumer Financial Protection Bureau (CFPB) today published debt collection complaints it has been collecting since July 10. The data was made publicly available in the Bureau’s Consumer Complaint Database.
Stellar Recovery, Inc. announced its membership in the Telecommunications Risk Management Association (TRMA) today. TRMA, founded in 1997, includes members from cable, satellite, telecom, wireless, and energy companies in the U.S. and Canada.
At a scheduled field hearing in Des Moines, Iowa Thursday, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced the expansion of its Consumer Complaint Database and the release to the public of roughly all complaint data it has collected through its Consumer Response complaint system.
At a field hearing later today (10AM PST) in Seattle, Wash., the Consumer Financial Protection Bureau will release its final rule defining “larger market participants” in consumer debt collection. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, “The Bureau has the authority to supervise nonbank covered persons of all sizes in the residential mortgage, private […]
A business publication featured the story of an ARM company that is has experienced significant growth, and is expecting more, by diversifying into different asset classes.
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.