Collections & Recovery

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SIMM Associates, Inc. Completes Annual Renewal of Key Security and Compliance Certifications: PCI-DSS Level 1, SOC 1 Type 2, SOC 2 Type 2 and ISO 27002/HIPAA

Newark, Del. — SIMM Associates, Inc., a leading provider of ARM/BPO and probate debt collection servicing, is proud to announce the successful completion of its annual renewal process for several…

November 5, 2024 by Erin Kerr in Channel Optimization

Exploring How the Reduction in Federal Interest Rates Impacts Consumers and Influences Banks and Lenders' Recovery Strategies

The Federal Reserve plays a pivotal role in influencing the economy through its monetary policy decisions, particularly in setting the federal interest rates. Changes in these rates have far-reaching implications…

October 22, 2024 by Sheldon Stewart in Customer Service

Subprime Borrowers More Likely to Abandon Auto Loans: How Lower Interest Rates Result in Increased Repossessions

Declining interest rates have prompted unexpected trends in the subprime market. For the last two months, Auto Collections Roundtable members have reported a growing number of borrowers intentionally halting payments…

October 17, 2024 by Massie P. Cooper in Arbitration

Fourth Circuit Affirms Denial of Motion to Compel Arbitration Finding Duty to Read a Contract Does Not Encompass Scrolling Through Multiple Pages of Hyperlinks in a Digital Agreement

The U.S. Court of Appeals for the Fourth Circuit recently affirmed a district court’s decision denying a defendant’s motion to compel arbitration, underscoring the importance of clear and conspicuous notice…

October 9, 2024 by Mark Ravanesi in Collections Strategy

SIMM Associates, Inc. Completes Annual Renewal of Key Security and Compliance Certifications: PCI-DSS Level 1, SOC 1 Type 2, SOC 2 Type 2 and ISO 27002/HIPAA

Top Stories

Case in which CFPB came to financial institutions’ defense dismissed

CFPB Proposes Amendments to Disclosure Requirements Under Remittance Transfer Rule

insideARM and Collections & Recovery Launch New Websites

Latest Posts

Exploring How the Reduction in Federal Interest Rates Impacts Consumers and Influences Banks and Lenders' Recovery Strategies

Subprime Borrowers More Likely to Abandon Auto Loans: How Lower Interest Rates Result in Increased Repossessions

Fourth Circuit Affirms Denial of Motion to Compel Arbitration Finding Duty to Read a Contract Does Not Encompass Scrolling Through Multiple Pages of Hyperlinks in a Digital Agreement

Q2 Industry Insights: Beating the Economic Heat and Keeping Up with Compliance

The Risks of Debt Settlement Companies and the Benefits of Direct Negotiation

Understanding the Consumer Spending Split and How to Recover More Across the Divide

CFPB Report Foreshadows Increased Scrutiny of Negative Equity in Auto Lending

CFPB Takes Dual Action Against Bank Holding Company for Alleged Unlawful Repossesions and Sales Practices

Featured Resources

Bad Debt is Rising

How to Apply Strategic Discipline to Your Collections Strategy

A New Kind of Collections Strategy: Empowering Lenders Amid a Shifting Economic Landscape

Open the Door to SMS Communication for Debt Collection

COLLECTIONS AND RECOVERY STRATEGY

Debt Collection Industry Trends and Insights 2024

Navigating Debt Settlements: When to Write Off Unpaid Balances

Legal Recovery – Why You Are Paying Too Much and Losing Money

Trends

CFPB Says Earned Wage Access Products Are Subject to the Truth in Lending Act

CFPB Bites of the Month Webinar Recap: The CFPB and the Dust of June

FTC Bans Group of Student Loan Debt Relief Scammers From Debt Relief Industry

COMPLIANCE

6th Cir. Holds EFTA Does Not Provide Indemnification or Contribution Right for Financial Institutions

DOJ Releases Final Rule on Web Content Accessibility Requirements for State and Local Governments Under Title II of the ADA

CFPB Non-Bank Enforcement Order Registry Coming this Fall

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