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General News

Handicapping Today’s FTC Debt Collection Event

In a couple of hours, the Federal Trade Commission will hold its second Debt Collection Dialogue event, this time in Dallas. What’s different this time is that the FTC has invited not just fellow regulators to participate as speakers, but also professionals from the collection and debt-buying industries. Rob Foehl, …

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MasterFiles EVP Alex Price Announces Departure

Alex Price, an executive vice president at skiptracing firm MasterFiles announced his departure from the company in a Facebook post this afternoon. According to his LinkedIn profile, Price had spent more than eight years with the company. Price is a fixture at industry conferences and events and his easygoing nature …

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Unauthorized Return Rate on ACH Transactions Cut In Half

Collection agencies accepting Automated Clearing House (ACH) payments should be aware of a change that went into effect last week, which lowered the threshold for unauthorized returns. As of Sept. 18, the unauthorized return rate was lowered to 0.5%, from 1%. The rate applies only to ACH transactions, which are generally …

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