AccountsRecovery.net Where AR Professionals Connect

The Supreme Court announced today that it has decided to hear arguments in Seila Law v. Consumer Financial Protection Bureau, which will address — once and for all — whether the leadership structure of the CFPB is constitutional or not. The decision by the Supreme Court is a win for …

EDITOR’S NOTE: The following is written by Linda Straub-Jones of NeuAnalytics and is published here with her permission. Policies & procedures, a key part of your compliance management system, and something that can either make or break you when it comes to a Bona-Fide Error defense in court or with …

DEBT BUYING PONZI SCHEME OPERATOR SENTENCED TO 22 YEARS IN PRISON A Maryland man who pleaded guilty to operating a debt buying Ponzi scheme that took $396 million from investors has been sentenced to 22 years in prison and must make full restitution to all of his victims, which is …

A wealth gap between the typical black and the typical white household is the likely reason why the number of judgments in neighborhoods with the majority of individuals are black is significantly higher than the number of judgments in neighborhoods with the majority of individuals are not black, according to …

The collection practices at a non-profit hospital accused of being too aggressive in filing lawsuits against individuals with unpaid debts have caught the attention of the chairman of the Senate Finance Committee who now wants answers about the organization’s billing practices. Sen. Chuck Grassley [R-Iowa] yesterday sent a letter to …

A Maryland man who pleaded guilty to operating a debt buying Ponzi scheme that took $396 million from investors has been sentenced to 22 years in prison and must make full restitution to all of his victims, which is expected to be at least $189 million. Kevin Merrill agreed in …

GETTING TO KNOW MARK BOICH OF JP RECOVERY SERVICES For too long, technology has been a four-letter word in the credit and collection industry. But Mark Boich is one of a new generation of industry executives who are actively harnessing the power of technology to help improve themselves and their …

Debt collectors, especially those who collect on unpaid medical debts, get to decide whether an individual goes to jail or not, according to a new article that was published yesterday by ProPublica, which looked at how “collection attorneys have turned this courtroom into a government-sanctioned shakedown of the uninsured and …

Tensions definitely boiled over during a House Financial Services Committee hearing yesterday after Rep. Carolyn Maloney [D-N.Y.] accused Kathy Kraninger, the director of the Consumer Financial Protection Bureau of being “worthless” because the agency is not helping “consumers that have been harmed.” Rep. Maloney later apologized for her remark and …

The Court of Appeals for the Fourth Circuit has issued an unpublished opinion affirming a lower court’s summary judgment ruling in favor of a debt collector that sought to collect post-judgment enforcement costs as well as the use of a continuing lien clause in attempting to collect on the unpaid …

October 16, 2019  (Sacramento, CA): Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to raise awareness about the importance of cybersecurity and ensure all Americans have the resources they need to be safer and more secure online. This year’s overarching message – Own IT. …

I am thrilled to announce that the “Getting to Know” series is now being sponsored by TCN. TCN is a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide. Founded in 1999, TCN combines a deep understanding of the needs of call center …

COLLECTION ATTORNEY FACING FDCPA CLASS ACTION OVER ALLEGED THREAT TO REPORT DEBT IN LETTER A class-action lawsuit has been filed in New Jersey alleging that a collection attorney violated the Fair Debt Collection Practices Act by threatening to report an individual’s unpaid debt to a credit bureau when it had …

Placing 77 calls over a 73-day period is not enough to be considered a violation of Section 1692f of the Fair Debt Collection Practices Act, but is enough to be considered a violation of Section 1692d(5) of the FDCPA, a District Court judge in California has ruled in only partially …

When you write a 3,600-word article about the debt buying and debt collection industry, you’re going to need to talk to a few people. So, it shouldn’t come as a surprise that the author of this particular piece spoke with four consumer advocates or consumer attorneys and four different consumers. …