General News

CORAL SPRINGS, FLORIDA, July 31, 2019—Nordis Technologies is rolling out ExpressoCertified™, a product that automates and streamlines the time-consuming process of sending Certified Mail®. Moving to ExpressoCertified also saves senders $2 in postage costs per Certified Mail piece and offers electronic archival of the Electronic Return Receipt, including signatures. Many companies …

A new type of form comment on the Consumer Financial Protection Bureau’s proposed debt collection rule popped up yesterday from representatives in the credit and collection industry, and this one is taking a much more aggressive approach. It also appears as though all of the comments were from employees of …

Another published report in the mainstream media has highlighted the growing number of court cases that collectors are filing against individuals with nothing more than a passing reference from someone in the credit and collection industry and without addressing the underlying root cause of the issue: that individuals are tougher …

Another handful of credit and collection industry representatives have taken advantage of the form template created by ACA International to submit their comments on the proposed debt collection rule from the Consumer Financial Protection Bureau while a new form letter from consumers is also starting to pop up in the …

There has been another spike in the number of comments filed by consumers over the proposed debt collection rule, but now collectors who are using a template from ACA International are submitting their own comments as well. During the course of the past few days, about 579 new comments have …

BUFFALO, New York, July 25, 2019– Northwood Asset Management Group (NAMG), a nationally licensed third-party debt collection company delivering professional and reliable debt recovery solutions, today announced that Jason Collins has been named as Director of Operations. In this role, Mr. Collins will be overseeing all aspects of business operations. …

Ogden, Utah — Today, debt collection and ARM software technology leader DAKCS Software Systems is excited to announce a partnership with Palinode to integrate Sonnet with DAKCS’ debt collection software solution. This partnership provides DAKCS’ Beyond ARM customers full access and integration to Sonnet, which helps achieve dispute resolution quickly, increases productivity and reduces …

A deal could be announced as early as today that Equifax will pay as much as $700 million to settle investigations from the Federal Trade Commission, Consumer Financial Protection Bureau, and state Attorneys General stemming from a 2017 data breach that exposed the personal information of nearly 150 million individuals. …

A school district in Pennsylvania is coming under fire for sending a letter to parents saying their kids would be taken away from them and placed into foster care if their unpaid lunch debts were not paid, according to a published report. About 40 families received the letter, according to …

The Consumer Financial Protection Bureau released a report on the third-party debt collection industry yesterday that contained a number of interesting nuggets and factoids, while not necessarily drawing any conclusions about the state of the industry itself. The data reveals the contraction that has occurred in the third-party collection space …