Collection Recon

USAA Federal Savings Bank listed among top U.S. lenders

Posted on 31. Aug, 2011 by Collections Recon.

USAA Federal Savings Bank named one of the top 50 banks and thrifts Follow this company .was ranked No. 32 among the top 50 banks and thrifts in the country based on total assets.

Continue Reading

TransUnion Report Shows Credit Risk Declining for Sixth Straight Quarter; Driven by Fewer Delinquent Consumers and Lower Debt Levels

Posted on 31. Aug, 2011 by Collections Recon.

CHICAGO, IL, Aug 29, 2011 (MARKETWIRE via COMTEX) — TransUnion’s proprietary Credit Risk Index (CRI) declined for the sixth consecutive quarter as consumers continue to pay off their outstanding debt and maintain low delinquency levels on their credit obligations. Compared to one year ago, the 2Q2011 CRI for the U.S. decreased 1.9 percent to 121.22. The Credit Risk Index is benchmarked to 1998 consumer credit risk levels and measures changes in consumer credit risk within various market segments.

Continue Reading

FTC Issues Final Policy Statement on Collecting Debts of Deceased

Posted on 31. Aug, 2011 by Collections Recon.

The Federal Trade Commission recently finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act or the FTC Act against companies that are attempting to collect the debts of deceased consumers.

Continue Reading

American Gas Association Invites BillingTree to Speak on ‘The New Mobile Billing and Payment Frontier’ at 2011 Uncollectibles Workshop

Posted on 31. Aug, 2011 by Collections Recon.

Phoenix, Ariz. – August 30, 2011 – BillingTree, one of the nation’s leading on-demand payment processors announced today it will be presenting on September 22 during the American Gas Association Uncollectibles Workshop. The conference, now in its 8th year, is traditionally attended by credit and collections managers from utilities across the nation.

Continue Reading

Michigan Association of Collection Agencies Offers Back to School Financial Literacy Tips for Parents

Posted on 30. Aug, 2011 by Collections Recon.

To: EDUCATION AND STATE EDITORS

LANSING, Mich., Aug. 26, 2011 /PRNewswire-USNewswire/ — With Michigan students from kindergarten to college heading back to school, adding financial literacy to your child’s curriculum this fall can teach invaluable skills for today and in the future.

Continue Reading

JJL Process Opens New Denver and Memphis Offices

Posted on 30. Aug, 2011 by Collections Recon.

August 29, 2011 – JJL Process Corporation (JJL), a technology and compliance leader in the process serving industry, is pleased to announce the opening of two new offices in Denver, Colorado and Memphis, Tennessee.

Continue Reading

One Small Business Perseveres and Continues to Grow Despite the Odds

Posted on 30. Aug, 2011 by Collections Recon.

National Recovery Services, (NRS) a national debt collection firm specializing in commercial, medical, bank card, telecom, utilities, and consumer loan debt, is pleased to announce its acquisition of an additional 3500 sq. foot space, which will be used to house a segmented bank card debt area. The addition takes the current space from 3500 to 7000 sq. feet and the current plans are to open in late August.

Continue Reading

FMS to exhibit at DCS2011, Driving Recovery

Posted on 30. Aug, 2011 by Collections Recon.

FMS, Inc. will attend and exhibit at the annual Debt Connection Symposium and Expo September 13 – 15, 2011

Continue Reading

FMS, Inc. has added Mark Savoie, a 25 year industry veteran to its sales staff

Posted on 28. Aug, 2011 by Collections Recon.

John Smith, President, announced today that FMS, Inc. has added industry veteran Mark Savoie to their roster as Vice President, Business Development.

Continue Reading

FDCPA and Other Consumer Lawsuit Statistics, August 1-15, 2011

Posted on 28. Aug, 2011 by Collections Recon.

There were about 492 lawsuits filed under consumer statutes in the first half of August 2011. Here is an approximate breakdown: · 441 FDCPA · 69 FCRA · 26 TILA · 13 TCPA Summary: · Of those cases, there were about 529 unique plaintiffs (including multiple plaintiffs in one suit). · Of those plaintiffs, about [...]

Continue Reading