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Daily Digest – December 8. Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit; Judge Grants MTD in FDCPA Case Over Undated MVN
Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit Judge Grants MTD in FDCPA Case Over Undated MVN Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action January Raises $12M to Expand Collection Platform MCA Collection Agency Turns to Skit.ai To Automate Thousands of Collection Calls Per Day with Voice AI WORTH NOTING: Some of the different ways that…
January Raises $12M to Expand Collection Platform
January Technologies, a digital-first collection operation, announced this week that it has raised $12 million in its Series B financing, which the company plans to spend on scaling its platform and launching a pre-charge-off solution. By the Numbers: The $12 million investment, led by IA Ventures, follows the company's Series A fundraise of $10 million, which occurred less than two…
Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action
The Consumer Financial Protection Bureau yesterday announced an enforcement action against Atlantic Union Bank regarding the institution's procedures for enrolling customers in overdraft protection products in violation of the Electronic Funds Transfer Act, assessing a fine of $1.2 million and requiring the company to refund consumers $5 million. The Details: Under the EFTA, banks are required to describe their overdraft…
Editor's Pick
Getting to Know Syntheia Nagel of Cedar Financial
A long-time running joke in the ARM industry is that compliance departments…
Getting to Know
Daily Digest – December 8. Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit; Judge Grants MTD in FDCPA Case Over Undated MVN
Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit Judge Grants MTD…
January Raises $12M to Expand Collection Platform
January Technologies, a digital-first collection operation, announced this week that it has…
Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action
The Consumer Financial Protection Bureau yesterday announced an enforcement action against Atlantic…
Judge Grants MTD in FDCPA Case Over Undated MVN
It might be a ruling on standing instead of the merits of…
Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon.…
MCA Collection Agency Turns to Skit.ai To Automate Thousands of Collection Calls Per Day with Voice AI
The Missouri-based collection agency has chosen Conversational Voice AI to address account…
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.
