Essential headlines, new reports, and best practices from insideARM.com. Got this from a friend?
Subscribe to the ARM Insider
insideARM ARM Insider

Florida Bankruptcy Court Sanctions Debt Buyer for Seeking to Collect Debt that Consumer Failed to Schedule in Bankruptcy Case

The debt purchaser in In re McIntosh argued that because it was enforcing a debt that was not listed correctly on the debtor’s bankruptcy schedules, it was entitled to assume the debt had not been discharged. The U.S. Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages.

Read the Whole Story »


Optimize your recovery strategy

Effectively managing your collection portfolio can be increasingly challenging when faced with uncertainty and a higher volume of delinquencies. With timely notifications of consumer activity, you can quickly respond to profile changes to reduce costs and maximize recoveries.


In this new white paper from Experian, you'll learn why credit-based triggers should be a core requirement for your business. Download Now.
ADVERTISEMENT
Advertisement

insideARM is grateful to our 2024 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital

ConServe CEO Earns a Spot on the Rochester Business Journal’s Power 100

ROCHESTER, N.Y. --Continental Service Group, LLC d/b/a ConServe, is proud to announce that Pamela Baird, ConServe Chief Executive Officer was selected by the Rochester Business Journal’s editorial team as one of “Rochester’s power players” for their 2024 Power 100 list.

Read the Whole Story »


CA DFPI Announces Open to the Public Debt Collection Advisory Committee Meeting

SACRAMENTO, Calif. -- The Debt Collection Advisory Committee is a seven-member board that provides critical feedback to the Department as it stands up its debt collection licensing program. The committee advises Commissioner Clothilde V. Hewlett on matters related to the debt collection industry.

Read the Whole Story »


ADVERTISEMENT
Advertisement

2024 Officers & Directors Elected to Lead Receivables Management Association International

SACRAMENTO, Calif. -- Members of Receivables Management Association International (RMAI) elected Officers and Directors to its Board for 2024. Of the ten-member Board, eight are continuing service from the previous year. The 2024 Officers and Directors are:

Read the Whole Story »


CFPB Bites of the Month - 2023 Annual Review - Biggest Fines and Penalties

In this article, we share a list of the top 10 biggest fines and penalties from our monthly bites for 2023.

Read the Whole Story »


FTC Hosts Tech Summit on Artificial Intelligence; CFPB Weighs In

On January 25, the FTC hosted a virtual tech summit focused on artificial intelligence (AI). The summit featured speakers from the FTC––including all three commissioners––software engineers, lawyers, technologists, entrepreneurs, journalists, and researchers, among others. First, Commissioner Slaughter spoke on how there are three main acts that led to where we are today in creating guardrails for AI use: first, the emergence of social media; second, industry groups and whistleblowers rang the alarm on data privacy and forced regulators to play catch-up; third, regulators must now urgently grapple with difficult social externalities such as impacts on society and political elections.

Read the Whole Story »


ADVERTISEMENT
Advertisement

EXPERIAN TECH SHOWCASE: Experian® Optimize and PowerCurve® Customer Management

29 February 2024 at 01:00 p.m.

Debt collection has become a frontline profit driver for organizations. To maximize performance, you need to know your customers better, segment and target your approach more effectively, and automate as much as possible.

Event Details »