ED Commences Recall, Senators Weigh in, Collectors File Restraining Order, Recall Put on Hold

The end of last week was busy at the United States Court of Federal Claims. In chapter four of private collection agencies (in this iteration, FMS Investment Corp. is the lead) v. The United States (specifically, the Department of Education, or "ED"), ED notified the court that it would commence the recall of accounts from five collection agencies that have been operating under award term extensions (ATEs).  

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How much you can save with digital collections?

When it comes to collections, predictive dialers aren’t getting the job done. At $4-$7 per contact, they’re expensive and ineffective—not to mention that 93% of consumers prefer to be contacted through email and text. Click here to calculate just how much you’d save by switching to digital.

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» ED Commences Recall, Senators Weigh in, Collectors File Restraining Order, Recall Put on Hold

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BCFP Issues First Debt Collection-Related Consent Order Since Leadership Change

On Friday the Bureau of Consumer Financial Protection (BCFP or Bureau) announced a settlement with National Credit Adjusters, LLC (NCA), a privately-held company headquartered in Hutchinson, Kansas, and its former CEO and part-owner, Bradley Hochstein. The company primarily collects debts for online lenders operating on tribal land. Per the announcement,

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Women in Consumer Finance Conference

10 December 2018 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2018 – a conference and networking event for ALL women in consumer finance.

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Free Reports and Webinars

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» Optimizing Batch and Manual Skip Tracing: A Winning Formula

» 5 Key Steps to Remaining Efficient During a Disaster

» See just how much you can save (and gain) with digital collections

» The Business Case for Kiosk Bill Collection

» Meeting The Demands Of A Digital Economy Through Mobile Pay Solutions

» 4 Ways A “Smart” Software Platform Can Help Improve Your Collections

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