Utility Collections Feed Link

Utility Collections

Collection agencies often take on work from utility providers when their customers go severely delinquent on bills. It is a tricky sector since contact information is generally up-to-date, making contact easier, but cash to satisfy the debt is often lacking from the debtor (who could not afford to make basic utility payments).

company expansion business growth

Account Control Technology Expands Services, Hires Michael Magarrell as VP of Strategic Accounts

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, […]

Adjustment Bureau

CFPB Spells Out Debt Collection Industry Larger Market Participants

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 […]