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Without Creditor Cooperation, Debt Collectors Cannot Safely Work Accounts After November 29th

Creditors: did that headline grab your attention? Hopefully it did, since this article is speaking directly to you and was meant to bring light to a significant issue regarding Reg F preparedness. If this issue is not corrected by creditors, debt buyers, and anyone else placing consumer accounts for collections, it will disturb current collections practices and prevent accounts from being worked after November 29, 2021.

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How to Make Every Call, Text, and Email Count in the Era of the CFPB’s Regulation F

Optimizing outreach and maximizing ROI in the Reg F era won't be easy, but it can be done. In this new whitepaper from Neustar, find out how an alternate approach, based on an intelligent omnichannel strategy, can comply with both the spirit and the word of Regulation F, improve RPC rates, and allow for faster contact than competitors that fail to adapt. Learn more.
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insideARM is grateful to our 2024 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital

Landmark Strategy Group Participates in Cycling Event for Charity Fundraiserv

WEST SENECA, N.Y -- Mark Lesinski, Director of Business Development for Landmark Strategy Group, recently participated in the Chautauqua Gran Fondo BIke Rally,  an annual cycling event in Mayville, NY. The event brings together cycling enthusiasts of all levels for a recreational, scenic ride around the community and raises funds for local charities in the community. Upon registration, cyclists choose from a 20-mile, 40-mile, or 60-mile route. This year,  event registration fees are going to 3 community organizations: Crèche, Bemus Point / Stow Ferry, and Mayville Library.

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Federal Court Agrees with Debt Collectors; Holds Two Hunstein Copycat Plaintiffs Have Standing in Federal Court

No, that headline is not a typo. In two cases, in what could easily be confused for a live-action version of Gary Larson's comic "The Far Side," the consumers, represented by the law firm of Edelman, Combs, Latturner & Goodwin LLC argued they did not have the requisite standing to have their cases heard in federal court. In response, the debt collectors argued the consumers had met the requirements for standing in federal court. The two cases are Keller v. Northstar Location Svcs, Case Number 21-cv-3389 (N.D. Ill 2021), Thomas v. Unifin, Inc. Case Number 21-cv-3037 (N.D. Ill 2021).

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IRS Awards New Contracts to Private Collection Agencies

On September 22, 2021, the Internal Revenue Service (IRS) issued a press release announcing it awarded new contracts to three private-sector collection agencies to collect overdue tax debts. The previous contracts with third-party debt collectors expired Wednesday, September 22, 2021, and the newly announced contracts began the following day, September 23, 2021.

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Coast Hires Brent Henderson as Vice President of Human Resources

EAST AURORA, N.Y. -- Coast Professional, Inc. (Coast) has hired Brent Henderson as the company’s Vice President (VP) of Human Resources (HR). A key contributor to achieving major growth across the organization and a member of the Operating Board, Coast’s VP of HR develops recruitment initiatives, creates employee retention plans, and ensures adherence to all state laws and regulations.

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Ontario Systems Announces Rebrand and Name Change to Finvi

BURLINGTON, Mass. -- Ontario Systems, a leading provider of enterprise workflow automation software built to accelerate revenue recovery and remove friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets announced the company will change its name to Finvi (pronounced fin · vī) and update its corporate logo.

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How to Build a Digital RFP and Measure Success of a Digital Strategy- Session 1: The Basics

20 October 2021 at 02:00 p.m.

Banking, and therefore collections, has taken a turn towards digital. Customers are sitting in the driver's seat, so how can lenders and their digital partners ensure a seamless experience when an account moves to collections?

Presented by iA Strategy & Tech, with generous support from LexisNexis Risk Solutions and Katabat.

Event Details »