Collection Recon

Dorsey Thornton & Associates in $15M settlement

Posted on 29. Feb, 2012 by Collections Recon.

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Debt collection agency Dorsey Thornton & Associates LLC and its principal officers Wyteria Dorsey and Michael Thornton agreed to a $15.5 million settlement with the Georgia Governor’s Office of Consumer Protection after an investigation into alleged harassment and deception of consumers.

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SoundBite’s Hosted Dialer Named Among Collection Advisor’s Top Four Voice Broadcasting Solutions of 2011

Posted on 29. Feb, 2012 by Collections Recon.

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SoundBite Communications Inc. (Nasdaq:SDBT), a leading global provider of cloud-based multi-channel communications, announced that its Hosted Dialer was named to Collection Advisor magazine’s list of Top Four Voice Broadcasting solutions of 2011.

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50-State Campaign to Reform Debt Collecting Practices Moves into Kansas

Posted on 29. Feb, 2012 by Collections Recon.

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Only two weeks after Oklahoma lawmakers filed the Bartmann Ethical Debt Collection Act (SB 1430), the champion of the legislation moved north to the Kansas capital where he met with representatives of the Kansas Attorney General’s office. An industry insider and consumer advocate, Bill Bartmann is CEO of CFS II and the leader of a 50-state campaign to curb rampant consumer abuse by unregulated bill collectors.

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FDCPA and Other Consumer Lawsuit Statistics, February 1-15, 2012

Posted on 29. Feb, 2012 by Collections Recon.

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Quick analysis: The first half of February 2012 slowed down a bit for FDCPA and TILA litigation after a very active 2nd half of January. Both categories are also down in YTD tracking, FDCPA by about 3.6% and TILA by a strong 43.8% (but don’t expect it to stay that way).

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Free Seminar: Using Public Information to Win New Business

Posted on 29. Feb, 2012 by Collections Recon.

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Net Gain Marketing, Inc. (NGM) has announced it will hold a free, one-hour online seminar on Thursday, March 8, 2012, 11:30 EST.

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AmeriWorks Financial Services, Inc. (AWKS) Plans to Launch A Series of Debentures Collateralized by Debt Portfolios

Posted on 28. Feb, 2012 by Collections Recon.

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AmeriWorks Financial Services, Inc., (symbol “AWKS”) has today announced a major shift in the business priorities of the Company. “Since becoming a public Company on December 16, 2010, we have been seeking capital to market certain financial products we have developed,” said Louis Perosi, Jr. President of the Company. “The arbitrary price of our Common Stock by market makers has made it impossible to raise equity capital at a reasonable price.” The Company started out as a collection Company approximately 10 years ago and has continued to collect all forms of debt while specializing in the collection of bad checks. The Company’s annual report shows a small profit for the year ended December 31, 2011 as a result of collection income. “Our foundation business has always been collections,” said Perosi. “Therefore, in a Board of Directors meeting held on Monday, February 20, 2012, the Board made a decision to focus on collections and fund the marketing of its other financial products through the expansion of its collection business.”

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LexisNexis® To Speak on Alternative Data and Web Agent Innovation at TRMA Spring Conference

Posted on 28. Feb, 2012 by Collections Recon.

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Jim Christiansen, vice president of scoring, LexisNexis, will present on the topic of Alternative Data at the Telecommunications Risk Management Association (TRMA) Spring Conference in New Orleans on February 29.

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RevSource Solutions™ and Merchant Solutions International, Inc. Partner to Provide RevExpress™ for Accelerated and Increased Online Payments through RevExpress™

Posted on 28. Feb, 2012 by Collections Recon.

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RevSource Solutions and Merchant Solutions International, Inc. partner to provide customers with RevExpress, which has proven to accelerate and increase online payments over 300 percent while providing more revenue and efficiencies to customers.

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LiveVox CMO Named Chairman of NCCR 2012

Posted on 28. Feb, 2012 by Collections Recon.

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LiveVox, provider of the Private VoIP Cloud™ and contact center applications, today announced that Chief Marketing Officer John McNamara has been selected as Chairman and panel participant at the 2012 National Collections and Credit Risk Conference (NCCR) in New Orleans.