Legal Advisory Board Members Discuss Current Litigation Trends, State Issues, and Standing

Navigating the debt collection industry can be challenging as legal trends as well as state and federal regulations continue to evolve. Despite the challenge, staying up to date on these critical issues is crucial to maintaining a compliant operation and reducing financial risk.

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Transfinancial Companies, LLC. Capitalize on Skit.ai to Modernize Debt Collection Processes while Enhancing Consumer Experience

NEW YORK, N.Y. -- Skit.ai the leading Conversational Voice AI solution provider in the Account Receivable Management (ARM) sector, announced its partnership with Transfinancial Companies LLC. This strategic collaboration empowers Transfinancial, a Louisiana-based collection agency that has over 30 years of experience in the healthcare sector, to overcome prevalent challenges in debt collection by streamlining their process and accelerating revenue recovery.

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CFPB Report Shows Nearly 50% Decline in Overdraft/NSF Fee Revenues From Pre-Pandemic Levels

The CFPB has issued a data spotlight that shows bank overdraft/non-sufficient funds (NSF) fee revenues have declined significantly from their pre-pandemic levels.

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VeriFacts Adds Adam Parks to Fuel Data and Technology Growth

STERLING, Ill -- VeriFacts, the gold standard for employment and residential verification services in the receivables management industry, is demonstrating their commitment to technology and data science with the addition of Adam Parks to their leadership team as Chief Information Security Officer.

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The 3 Top Tech Trends in ARM [Video]:

Technology is changing the way we live at a breakneck pace for the ARM industry, the transition has been slower, and now, it seems the changes are coming all at once.

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7th Cir. Holds Allegations of ‘Confusion’ and ‘Alarm’ Not Enough for Article III Standing

The U.S. Court of Appeals for the Seventh Circuit recently affirmed the dismissal of a consumer’s lawsuit against a debt collector, holding that the consumer lacked Article III standing to sue because his allegations of ʺconfusion” and “alarm” were not sufficiently concrete to result in an injury in fact.

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How to Connect with Today’s Digital Consumer

14 June 2023 at 02:00 p.m.

Economic difficulties generally create more activity in the ARM industry. Individuals are often less able to pay bills, which results in more charge-offs and higher delinquency rates. With debt on the rise, organizations must prepare to handle the likely surge by getting the right solution in place.

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Featured Resources and Webinars

from insideARM.com

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