Daily Digest – July 24. ACA Conference Kicks Off With Optimism; Debt Collection Lawsuits ‘Roaring Back,’ Report Claims

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.

 

ACA CONFERENCE KICKS OFF WITH OPTIMISM

• NASHVILLE — The 2018 edition of ACA International‘s annual convention officially kicked off here last night and the vibe could not have been more positive and the outlook could not have been rosier.

 

DEBT COLLECTION LAWSUITS ‘ROARING BACK,’ REPORT CLAIMS

• A published report details the increasing number of lawsuits that debt collectors and debt buyers are filing against individuals who have outstanding debts. In New York, for example, the number of cases filed against individuals with unpaid debts has grown to 76,000, up from 47,000 just two years ago.

 

DECLINING LAWSUIT NUMEBRS OFFER HOPE FOR ARM INDUSTRY

• There is a lot of red in the monthly chart published by WebRecon highlighting the number of lawsuits filed against collection agencies alleging violations of the FDCPA, the TCPA, and the FCRA and also including data about the number of collection-related complaints filed with the BCFP, and that should have the industry seeing green pastures for the future.

 

NUMBER OF ARM M&A DEALS REMAINS HOT IN 2Q

• The ARM industry had its second-straight billion-dollar quarter, in terms of total dollar value of merger & acquisition deals, according to data released yesterday by Corporate Advisory Solutions, a boutique merchant bank servicing the collection and debt-buying industry.

 

BUSINESS OWNER LEARNING THE HARD WAY ABOUT WHY YOU SHOULD SHOW UP IN COURT

• It has nothing to do with the ARM industry and it was a fax that started what you’re about to read and not a phone call, but what a New Jersey business owner is going through offers a cautionary tale for anyone who is open to be sued for violating the Telephone Consumer Protection Act.

 

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An insurance company CEO on the problems with healthcare in America

Crazy laws that still exist around the world

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.