States Easing Statutes of Limitations Due to Covid-19 Pandemic

Steel Rose

It's called tolling, and it has no relation to the tolls charged to cross a bridge or travel on a turnpike. Tolling is a legal doctrine associated with delaying the period of time set forth in a statute of limitations. It can affect things like the service of process, court...

Massachusetts AG Bans Outbound Debt Collection Calls & Text Messages
Massachusetts joined the increasing number of states restricting the use of automated calls and text messages during the COVID-19 national pandemic. Earlier today…
Employers’ Duty to Process Wage Garnishments Remains Unchanged During COVID-19
We are experiencing extraordinary times. But even in our current situation of the global coronavirus pandemic, many employer responsibilities will…
IRS Delays Tax Filing and Payment to July 15
From: Breazeale Sachse & Wilson LLP - Lance J. Kinchen IRS Has Delayed Tax Day to July 15 U.S. Treasury Department Secretary Steven Mnuchin announced…

What Happens to Credit Card Debt When You Die?
Millions of Americans have grown used to the idea of living with debt. Millions are also expecting to die with…
House Stimulus Bill Would Bar Debt Collection
Reported by Kelly Phillips ErbSenior Contributor Taxes at Forbes The Senate version of the bill was 247 pages long. But the House Democrats’ version?…
16 Tech Tools for Working through the Coronavirus
Maybe you were thinking about taking your practice virtual sometime in the future. But with the novel Coronavirus, the future…

10 Ways To Continue Biz Development During Coronavirus
During this strange COVID-19 scare, professionals are finding their typical interactions with clients, prospects and referral sources abruptly halted, postponed…
Financial Agencies Urged To Halt All Non-COVID Rulemakings
A top Senate Democrat is calling for federal financial regulators to shelve all their rulemaking projects that aren't directly related…
CFPB Director Testifies in Senate Today; ACA Submits Views
On behalf of ACA International, CEO Mark Neeb provided an overview of the association’s advocacy efforts related to the Consumer…

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Top 50 Receivables Professionals Announced

Receivables Advisor

A centerpiece of CollectTECH19 was the award ceremony recognizing elite professionals and companies of the accounts receivable industry. These professionals, agencies and products push the accounts receivable industry forward to new frontiers with higher standards for compliance and business. Those searching for the future direction of the industry need only...

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Shielding Collectors From TCPA and FDCPA Violations

Joshua Fluegel

The demands of regulators lead collection professionals to collect debt with the credo of “as little contact with the consumer as possible.” Every eliminated encounter with a consumer while the payment is still being collected is one less chance for a TCPA or FDCPA violation. For this reason many accounts...

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CollectTECH19 Brings Together the Brightest Minds in Technol…

Receivables Advisor

The convergence of the top collection professionals in accounts receivable with the top technology providers happens November 18-20 at CollectTECH19 in Ft. Worth, Texas. Several technological innovations will be introduced. With new rules for voice, text and email ready for 2020 collection professionals are pondering when it will be the...

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The Secret to Excelling in Profit AND Performance

Gordon C. Beck III

To each their own. That’s what I keep telling myself when discussing with my competitors what their strategy is to run and operate a successful collection agency. Everyone’s outlook is different, but the same. Sure, everyone wants to be a top agency, that’s what everyone is supposed to say. But...

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Kanye West and the CFPB

Michael L. Starzec

Americans always love a redemption story, especially where the party seeking forgiveness is a celebrity. For example, to this day, Kanye West is vilified for stepping on Taylor Swift’s moment at the 2009 MTV Video Music Awards. Notwithstanding, recently, despite having married a woman who became famous under the worst...

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Industry Leadership on the Future of Collection Technology

Receivables Advisor

The speed at which technology in the accounts receivable industry is advancing seems to be increasing exponentially. As the CFPB has finally provided guidance on expectations for newer technology use, advancement is about to be kicked into hyperdrive. But what is the best direction for technology and how professionals plan to...

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3 Options to Offer During Tax Season

Nick Jarman

When it comes to collecting debt, tax season is without argument the most profitable season of the year. Tax season starts at the beginning of February and wraps up in early May. February generally sees the highest return and slightly tapers off each month thereafter. One issue that can ease...

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PCI Compliance, SOC, and HITRUST

Debra J. Ciskey

With the June, 2019, disclosure of a data breach at AMCA looming large in the rearview mirror, debt collectors both large and small are scrambling to verify the security of their consumer portals and their consumer information in general. With numerous vendors and auditors serving the industry in this key...

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Where to Obtain Consumer License Plate Info

Ron Brown

In the last issue we looked at a new form of cybertracking, license plate recognition or LPR, its origins and industry usage. While this new and innovative technology is a great aid to the skip trace and asset recovery industry, it raises numerous issues related to invasion of privacy. In...

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Legal Training: What You Absolutely Must Know

Harry A. Strausser III

The early days of the FDCPA brought with it enormous changes in the way third party debt collectors did business. Members of the ARM industry had to interpret the new mandates of the FTC in 1978 and coordinate substantial operational changes to adjust to the new regulatory environment. We focused...

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House Stimulus Bill Would Bar Debt Collection

Monday, 23 March 2020 12:07
Written by Steel Rose

Reported by Kelly Phillips ErbSenior Contributor Taxes at Forbes

The Senate version of the bill was 247 pages long. But the House Democrats’ version? It's 1,404 pages long. Not a typo. 1,404 pages long.

The House version has been dubbed the "Take Responsibility for Workers and Families Act." Here are some of the highlights:

Debt Collection. Debt collectors would be barred from taking action, including suing in court, against consumers, small businesses, or non-profits for some time after the pandemic ends.

Student loans. Like the Senate bill, the House bill would also provide relief for student borrowers, including those with private loans. For the rest of the story, click here

Exclusive Editorial - Attorneys Explain What Creditors Should Do Now to Collect Later
Unfortunately, closing that sale is only half the battle in commerce. Ensuring payment afterward can be another thing entirely, as…
Exclusive Editorial - 7 Leading Attorneys Provide Pitfalls You Must Avoid in 2019
Wouldn’t it be great if you could see all the most dangerous compliance pitfalls before they become large and costly…
Exclusive Editorial - What the Industry’s Most Innovative Agencies Hope the Future Will Bring
Forecasting the future of collection technology is no easy task. However, experience and the desire of professionals in the industry…
Key Advice From the Stars of Compliance
The Stars of Compliance reveal the best compliance advice they have ever received. Simply put: the fruits of years of…
4 Myths in Telecommunication You Shouldn’t Believe
There are a vast number of telecommunication tools available to collection professionals. While each is tied to Alexander Graham Bell’s…
New Telecommunication Technology Breakthroughs
One can feel defeated when tasked with keeping up with the latest telecommunication technology that can help collection efforts. The…
2 Tech Solutions You Need for Enterprise-Size Problems
The size of a problem is relative to the effectiveness of the corresponding solution. In collection agencies with 1,000 seats…
Incorporate Compliance Objectives with Performance Incentives
There’s a motto I have these days that says, “it’s all about performance until it’s about compliance and it’s all…
Satisfy Clients and Regulators Using Software
Clients ask agencies and law firms to collect on delinquent accounts while preserving their relationship with that consumer. Regulators expect…
This Will Hurt Your Electronic Payments
Do not do the things described in this article; it's as clear as that. There is no grey area or…

12 Experts Sound Off: What Must Be Done Differently for Multi-Office Collections
The opening of a second collection facility will mean many changes for your agency. But what about your software? Does…
10 Ways to Leverage Software in Utility/Municipal Collections
Success in utility and municipal collections requires a tight ship with little to no waste. Fortunately today's software allows this…
Clamp Down On How You Are Discouraging Payments
A great deal of work goes into getting a consumer to the payment phase of collecting a debt. The last…

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