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Boost in Legal Collections Helps Propel Profits at PRA Group
The turnaround under new leadership at PRA Group is continuing -- the company reported net income of $3.4 million for the first quarter of 2024, compared with a net loss of $59 million during the same period a year ago. Vikram Atal cited a new contact strategy that the company has put in place during the past few months and…
Delayed Refunds Costs Chime Financial $5M
The Consumer Financial Protection Bureau (CFPB) yesterday announced an enforcement action against Chime Financial, a San Francisco-based fintech company, for not providing timely refunds to customers after closing their accounts. This delay affected thousands of consumers, compelling many to turn to costly credit solutions to meet essential expenses. The company will have to pay nearly $5 million in penalties and…
Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email
A District Court judge in Pennsylvania has granted a defendant's motion for summary judgment in a Fair Debt Collection Practices Act case -- albeit on the grounds the plaintiff lacked standing -- after the defendant was accused of failing to fully inform the plaintiff about what would happen if a partial payment was made on a time-barred debt. The Background:…
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Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email
A District Court judge in Pennsylvania has granted a defendant's motion for…
Getting to Know
Boost in Legal Collections Helps Propel Profits at PRA Group
The turnaround under new leadership at PRA Group is continuing -- the…
Delayed Refunds Costs Chime Financial $5M
The Consumer Financial Protection Bureau (CFPB) yesterday announced an enforcement action against…
Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email
A District Court judge in Pennsylvania has granted a defendant's motion for…
24 Companies Seeking Collection Talent
During this, The Great Resignation Era, I thought it would be helpful…
Daily Digest – May 7. Plaintiff Files 10 Lawsuits Against Collectors Accusing them of Violating FCRA; CFPB Assesses $5M in Fines and Penalties Over Student Loan Servicing Issues
Plaintiff Files 10 Lawsuits Against Collectors Accusing them of Violating FCRA CFPB…
Second Annual Debt Gala Raises Funds for Debt Charities
On Sunday night in Brooklyn, the second annual Debt Gala was held.…
David Williams Breaks Down Acquisition of RGS Financial
Having kicked the tires at about a dozen different companies during the past few years in considering acquisition targets, David Williams of Williams & Fudge knew he needed to find the right company to help grow his operation. And, as it turns out, the right target was one he had known for more than a decade. Last month, Williams & Fudge announced it was acquiring RGS Financial. David Williams, the president of Williams & Fudge, sat down with AccountsRecovery.net to discuss the acquisition, why diversification away from student loans was important for the company, and the importance of really getting to know the people involved on the other side of the table when making an acquisition. Watch the video to see everything David had to say.
