Collection News

Executive Change: Jason Rolfe Promoted to Director, Investments Canada at Aktiv Kapital

Posted on 15. May, 2012 by .

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Aktiv Kapital is pleased to announce the appointment of Jason Rolfe to the position of Director, Investments Canada.

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DANTOM Sponsors Webinar Series on Maximizing Debt Collection Communication

Posted on 15. May, 2012 by .

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DANTOM Systems is pleased to sponsor a series of free Webinars to help ARM organizations lower receivables communication costs with simple workflow and strategy changes.

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Accretive Responds to Attorney General, Al Franken

Posted on 15. May, 2012 by .

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Accretive wrote a 29-page response to questions from Sen. Al Franken (D-Minn.), who has been investigating the claims against the company made by the attorney general. As part of his investigation, Sen. Franken announced that the Senate Health Committee will hold a hearing in Minnesota later this month.

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Judge Rules for Collection Agency in Voicemail Case; Foti Compliance Evolving

Posted on 15. May, 2012 by .

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A recent case in Minnesota over a voicemail left by a debt collector provided yet another entry in the ongoing saga over the ARM industry’s use of messages in the wake of the Foti ruling. A positive ruling for the collection agency, this case may have provided some Foti-compliant language for collectors to use.

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94% of Students Take on Debt for Bachelor’s Degree

Posted on 15. May, 2012 by .

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Among the social media platforms ripe for business application in the ARM industry, the one most frequently met with misgivings (if not outright scorn) is Twitter. I’m a believer in Twitter’s use value as a business tool. For example, without ever Tweeting, one can consume the day’s important news and up-to-the-minute events much more efficiently [...]

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Debt Collection Execs Plead Guilty in $10 million Fraud Case: FBI

Posted on 15. May, 2012 by .

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The FBI announced Monday a father/son team have pleaded guilty to conspiracy and wire fraud for their roles in a scheme that bilked clients of their prominent debt collection agency out of at least $10 million. The FBI, the IRS, and a special inspector for TARP funds contributed to the investigation.

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IACC’s Annual Mid-Year Conference to Cover Commercial Collection Business Strategies

Posted on 15. May, 2012 by .

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The International Association of Commercial Collectors, Inc. (IACC) will host its annual Mid-Year Conference at the Boston Marriott Long Wharf in Boston, June 21-23, 2012, where higher level commercial collection professionals will meet to learn and discuss new ideas to strengthen their business strategies.

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Results of ARM Industry Survey Reveal Which Messaging Strategy is Preferred by Collectors

Posted on 15. May, 2012 by .

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Respondents to LiquidEdge’s April ARM Industry Poll say that an FDCPA driven strategy — short messages with no third party disclosure — is the preferred voice messaging strategy 44 percent of respondents use to avoid lawsuits.

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Arizona Passes Bill Helpful to Collection Agencies

Posted on 15. May, 2012 by .

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From the bill: “In an uncontested court action in this state a creditor may establish the amount of the debt that is owed on a credit card account through a copy of the issuer’s final billing statement or by the electronic record pursuant to section 44-7007 that is maintained by the issuer and that represents the amount owed. In contested actions the court shall weigh the evidence of the partie…

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B2B Debt Collection Placements Dropped in First Quarter

Posted on 15. May, 2012 by .

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While this drop in placements might seem like great news for business-to-business relations, and might also predict a continued (but slow) economic recovery, it also means added pressures to collection agencies’ margins.

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