Lenexa,
Kan -- TrueAccord Corporation, which offers
intelligent digital recovery and communication products and services,
today launched Retain, a new, client-branded product that addresses early-stage
collection challenges for lenders and other organizations with customers with
past-due delinquent accounts. Using the company’s patented, machine
learning-based and self-optimizing decision engine, Retain uses engagement data
from individual interactions to optimize the consumer experience while
increasing recovery for clients. The client-branded product enables clients to
improve collections, maintain customer relationships, and offer solutions to
their customers that improve financial fitness.
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We’ve talked at length about how consumers are in the driver’s seat. What is Kredit doing to help consumers resolve their debt? Join Dave Hanrahan, co-founder and CEO of Kredit, as he discusses this with insideARM's Erin Kerr.
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The U.S. Court of Appeals for the Seventh Circuit recently
reversed and remanded a trial court’s entry of summary judgment in favor of the
plaintiff alleging violations of the federal Fair Debt Collection Practices Act
with instructions to dismiss the case for lack of subject matter jurisdiction.
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