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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   JUDGE WARNS …

More Americans are cutting back on their spending and having too much debt is one of the primary reasons for the decrease, according to the results of a survey conducted by Bankrate.com. Two-thirds of those who were surveyed said they are limiting their spending, according to the survey, and years …

How to do away with those nasty surprise medical bills that a patient receives when he or she is discharged from the hospital — a sticker shock known as balance billing — continues to dominate the healthcare news cycle, as more solutions are offered. Balance billing occurs when a hospital …

The amount of payment fraud for general transactions and credit card payments increased by 36% between 2012 and 2015, according to data released yesterday by the Federal Reserve Board. The largest increase was in card-related fraud, which accounted for 78% of all instances, compared with 14% for ACH and 9% …

The Federal Trade Commission has announced it will publish the consumer complaints it receives on a quarterly basis going forward, increasing the frequency from the annual publication it had been making. In making the data more available, the FTC has also unveiled a new data visualization tool that offers dashboards and …

A federal judge in Florida has denied a defendant’s motion to dismiss a class-action lawsuit alleging the company violated the Fair Debt Collection Practices Act and the Florida Consumer Collections Act by charging a convenience fee when making monthly withdrawals from the plaintiff’s bank account. A copy of the ruling …

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   BCFP WORKING …

A bill has been introduce in Congress that would allow employers to contribute to the student loan repayment efforts of their employees, similar to how contributions to 401(k) programs work. Sen. Cory Gardner [R-Colo.] last week introduced the Student Loan Repayment Acceleration Act, which would allow employers to contribute up to …

Maybe Operation Choke Point isn’t over after all. Rep. Blaine Luetkemeyer [R-Mo.] is calling for an investigation into the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency — two national banking regulators — after unsealed court documents revealed “blatant discrimination and bias” from officials at …

Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, announced yesterday that the agency is working on a rule to codify what has been considered one of the most amorphous, yet harmful, words in the BCFP’s lexicon: abusive. While there have long been laws that banned practices …

The former managing partner of a Georgia law firm that specialized in mortgage foreclosures and debt collection has been found guilty of embezzling more than $26 million from the now-bankrupt firm and is facing up to 15 years in prison. Nathan E. Hardwick IV used the money to fund a …

Phoenix, Ariz. – October 15, 2018 – AuthVia, an API-driven payments company, has entered into a strategic co-development partnership with leading payments solution provider BillingTree. The agreement will supply industries including healthcare, ARM, property management, B2B and financial services access to additional advanced fintech solutions, as part of a joint strategy to …

The Backstory In 2011, DCM Services (DCMS) hosted its first client conference event in Las Vegas that took place in conjunction with the Collections and Recovery Solutions (CRS) conference. Through attendee feedback, we discovered we were providing meaningful value for our clients in a way that none of our competitors …

ATLANTA, GA – FLOCK Specialty Finance (“FLOCK”) announced today that it has closed on a new senior debt facility with MidCap Financial Services, LLC.  FLOCK is an Atlanta-based, alternative funding provider of capital and expertise for the purchase of both charged-off debt portfolios as well as for the financing of …

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   PLAINTIFF FILES …