China based Cinda Asset Management (Cinda) began trading on the Hong Kong Stock Exchange this week, underscoring a significant market change that has seen this company emerge as one of the fastest-expanding independent companies in China’s financial sector.
The entire credit and collection world will more than likely be turned upside down starting in 2014. If you’re a creditor in any industry from banking to healthcare, pay close attention. New rules on how you do business are coming your way, and soon.
There are two constants in the accounts receivable management industry. The first is change. The second is International Collectors Group.
Effective January 1, 2014, new amendments to a California law call for website operators to clarify and disclose how it responds to “Do Not Track” signals and to what extent information that is collected from consumers is shared across different websites.
When it comes to the CFPB and regulators in general the goal among debt collectors, debt buyers, collection lawyers, recovery managers and other collection professionals in the United States should be the same: to establish a unified front to address regulatory change impacting collection practices.
Last week, I was invited to speak at Receivables Management Association of Canada’s 2013 Convention. The buzz at the RMA convention reminded me of the first meetings of the Debt Buyers Association (DBA) in the United States over 15 years ago.
Compliance Management is a hot topic going into the holiday season. Laws have changed, new regulations are in the works, and nearly every organization in the business of collecting debt is feeling some pressure.
A few bad apples may have spoiled the bunch in Collections, but, maybe it’s time to take a new approach to Collections. It’s time to ask: Who cares about the Customer Experience (CX) in Collections?
In the debt collection industry, an essential part of our credit economy I am proud to say I have been associated with for nearly 25 years, is constantly portrayed in a negative light because of the actions of a few unscrupulous individual that nearly all of the hundreds of thousands of hard working collection professionals would never resort to.
The future of the collections industry lies within a mathematical science that leverages alternative, personal data to determine the probability of debt repayment: predictive analytics.