New Face Tops ED Collection Contract Competition in Second Quarter
Diversified Collection emerged as the winner among unrestricted Department of Education debt collection contractors, the first time the collection agency has won the quarterly performance competition...
View ArticleDebt Collection Association Widely Supported Retaining Debt Buyers...
A recent member proposal to the ACA to rebrand the accounts receivable management industry's main lobbying group as a debt collectors group and reclassify debt buyers as creditors didn’t garner much...
View ArticleMore Small Collection Agencies to Share in ED Student Loan Contract
More small private collection agencies are getting the opportunity to work on the sought after U.S. Department of Education (ED) private student loan collection contract as the government will start...
View ArticleBofA $5 million Collection Arbitration Settlement May Impact the ARM Industry
A Bank of America unit settled a credit card arbitration suit for $5 million this week. The deal effectively ends the debt collection arbitration scandal that has plagued certain sectors of the ARM...
View ArticleCoast Professional, Pioneer Start Q3 with Win on ED Collection Contract
Coast Professional held onto its first place ranking among small business contractors in U.S. Department of Education’s private student loan collection performance competition in July. Pioneer Credit...
View ArticleState Bills Could Drastically Alter Medical ARM Market
A couple of bills in the Massachusetts legislature could have a big impact on the healthcare ARM sector in that state. One could wind up shifting medical collection agencies' clients from healthcare...
View ArticleCurrent Economic Conditions Could Grow Debt Collection Volume
The U.S. Census Bureau’s report this week that fewer Americans had private medical insurance last year, while more fell into poverty, seems like a mixed message to debt collection professionals. But it...
View ArticleMaryland Courts Latest to Require More Documentation from Debt Buyers
Maryland's court system is the latest to require that collection agencies and debt buyers who sue consumers provide more documents to support their case, as the state announces another settlement with...
View ArticleCompetition Intensifies on ED Collection Contract in Third Quarter
Another nail-biter is in the making for the private student loan collection agencies on the U.S. Department of Education's private student loan collection performance competition.
View ArticleIRS Missed Debt Collection Opportunities After Private Collector Program: Report
A report released yesterday by the government said that the IRS did not go after debt returned to it from a cancelled private debt collection program. The report also left open the possibility of...
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