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Credit Disputes Do Not Last Indefinitely Says Court

Once a dispute is resolved, it’s resolved, at least according to a court in the Northern District of Illinois. In a recent victory for debt collectors, a consumer alleged that a debt buyer should have known about a previously resolved dispute and thus violated the Fair Debt Collection Practices Act (FDCPA) by reporting the debt to the credit bureaus without reflecting said dispute. In the court's eyes, however, since the consumer never conveyed the dispute to the debt buyer, reporting the debt without it did not violate the FDCPA.

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There's still time to weigh in with your collections industry insights.

The fifth annual TransUnion and Aite-Novarica Group collections-industry survey is now open. Take the short survey and, once results are released, find out about how communications and technology, and other key trends, have changed over the past year. Survey participants will receive an exclusive, early copy of survey results they can use to benchmark their firm against the industry. The survey will only take a few minutes. 


Start the survey now.

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Balance Tracking & Cost Accounting from Convoke's Trusted Platform

ARLINGTON, Va. -- Convoke Pulse is a solution to manage recovery of post charge-off balances.  Integrate and consolidate data from all first- and third-party systems for a complete and accurate view of each account.  Balance and cost data is automatically updated, granular, and easy to access.  Convoke Pulse ensures you have up-to-date and accurate information on balances and costs to manage both performance and compliance.

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SameDay Auto Finance LLC. Partners with Skit.ai to Automate Collections Calls and Enhance Customer Experience

NEW YORK, N.Y. -- Skit.ai, the leading Conversational Voice AI solution in the Account Receivable Management (ARM) industry, has announced a strategic partnership with SameDay Auto Finance, LLC., a Texas-based company that provides simple, quality service for their dealers and helps customers with auto finance needs. This collaboration has enabled them to modernize their collection processes by deploying Skit.ai’s Augmented Voice Intelligence Platform, which has accelerated their revenue recovery efforts.

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CFPB Announces Consent Order with Third-Party Collector of Medical Debt

On June 8, 2023, the CFPB announced that it had entered into a consent order with Phoenix Financial Services, LLC (Phoenix), a third-party debt collector that collects primarily past-due medical debts and furnishes information to consumer reporting agencies (CRAs), to settle alleged violations by Phoenix of the Fair Credit Reporting Act and its implementing Regulation V, the Fair Debt Collection Practices Act, and the Consumer Financial Protection Act.

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McGlinchey Adds Two Financial Litigators in New York City

NEW YORK CITY, N.Y. -- McGlinchey Stafford is pleased to announce that the firm’s New York City office has strengthened its prominent Financial Services Litigation and Commercial Litigation practices with the addition of Jason Lipkin, who joined as of counsel, and Melisa Zukic as an associate. Jason and Melisa mark six new hires in McGlinchey’s New York City office in the past six months, following the recent additions of Brittany Adikes and Camille Singh.

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OTDAmericas Selects LiveVox’s Cloud Contact Center Platform to Optimize Customer Engagement and Mitigate Risk

TAMPA, Fla. and SAN FRANCISCO, Calif.-- OTDAmericas, a global business process outsourcing company, and LiveVox (Nasdaq: LVOX), a proven cloud CCaaS platform built to transform contact center performance, today announced that LiveVox has been chosen as OTDAmericas’ global contact center platform provider. OTDAmericas is the nearshore subsidiary for parent company, OneTouch Direct, leveraging more than 9,000 employees throughout Colombia, Mexico, and Latin America, with availability for Asia and Europe as well. OTDAmericas will deploy LiveVox’s platform for use throughout the customer journey for its large customer base that includes many of the largest and most recognized Fortune 500 U.S. and global brands across consumer finance, retail banking, technology, telecom, entertainment and media, payment processors, and internet providers.

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Work Smarter, Not Harder - Client RFIs: Tell Your Story, Streamline, Manage, and Avoid Repetition

28 June 2023 at 02:00 p.m.

Responding to RFIs is a must in the ARM industry today, but RFIs take time. They disrupt daily workflow and cause other important tasks to be delayed. There is no avoiding RFIs, but how can you reduce the time you spend without sacrificing the quality of your responses?

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