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He has served on RMAI committees since 2020, consistently attended conferences since at least 2014, and has contributed towards webinars, white papers and panels. His journey in the industry began on the phones as a collector in 1998. He is the CEO of TrueAccord. and internationally.
Areas Covered in the Session Creating Time for Collections Understanding Collections Relationship to the Other Elements of the Quote-To-Cash Process Building an Efficient Collection Process Eliminating the Obstacles That Hinder Collection Efficiency Monitoring Collection Performance Monitoring Collector Workloads Why Collections Gets Knocked off Track (..)
Good collectors are expert at deflecting excuses. Webinar Registration Do you need help assessing your customers’ credit risks? When replying to a customer’s e-mail response, keep the attention and focus on the central message. To receive new posts and support my work, please subscribe for just $5 per month ($49 yearly).
California SB 1286 – This bill would expand the scope of the Rosenthal Fair Debt Collection Practices Act to prohibit debt collectors from engaging in unfair or deceptive acts or practices in the collection of commercial debts owed by a natural person of $500,000 or less that were entered into, renewed, sold, or assigned on or after July 1, 2025.
The author of this article, David Schmidt, will be leading this webinar, which reviews the fundamental skills required to successfully collect past due B2B invoices. Being a collector requires patience, persistence, and effective communication skills. That’s why collectors need to be effective communicators.
In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).
Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies.
A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. The consumer filed a lawsuit claiming the debt collector, by seeking payment following the discharge, “violated 15 U.S.C. 1692e (demanding payment of a debt not owed) and 15 U.S.C.
Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. NPAS, Inc. ,
Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. There, the plaintiff sued after a debt collector used letter vendor to send a collection letter.
Cash Application: A New Era of Accuracy and Efficiency As Gaviti is a platform built by collectors for collectors, we understand the challenges that come with manual cash application processes – the potential for errors, time-consuming matching tasks, and the overall drain on resources. Want to learn more about Gaviti Cash Application?
Court of Appeals for the Sixth Circuit began by noting that a debt collector violates the FDCPA if it threatens to take legal action against a time-barred debt. Recorded Webinars Recorded on December 12 2024, register for Understanding Buy Now, Pay Later (BNPL): Trends, Consumer Insights, and Lender Strategies.
If you can make this move, consider a change in title — your collectors become “financial advocates,” a more patient-friendly term. Read all the blogs in this series Watch the webinar with Dr. Elizabeth Woodcock Download the complete eBook Ready to learn how Waystar can help you build a better patient financial experience?
Professional is proud and honored to recognize Justin Murphy as he finalizes his year serving as the Washington Collectors Association (WCA) president. Justin, and the WCA, have positively influenced consumer collection laws to protect our clients and ensure they get the greatest recovery. Congratulations, Justin! .
This often leaves customers without noticeably high balances or long past-due invoices receiving limited collections touches, forcing collectors to be more reactive than proactive. Check out our on demand webinar, 7 Tips to Deliver AR Success in Any Business Environment.
If you can make this move, consider a change in title — your collectors become “financial advocates,” a more patient-friendly term. Read all the blogs in this series Watch the webinar with Dr. Elizabeth Woodcock Download the complete eBook Ready to learn how Waystar can help you build a better patient financial experience?
This frees up human collectors to spend more time with customers in forbearance situations that require empathy and consultation. It’s a win-win for all parties, as I discussed in a recent webinar with McKinsey on digital-first collections. This is a perfect opportunity for digital debt collection. Then it is time for data research.
She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments. Credit remains tied up, and collectors are unaware. She pointed out that industry trends toward automation are not going away and will only grow more important.
You might also like this webinar, "Consumer Lending 101.". This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”. Watch Webinar. Get the latest best practices for Consumer Lending. keep me informed.
Another aspect of the art and antiquities trade making it prone to money laundering is that it is difficult to place a value on these high-end items as the worth is based on the eye of the collector – the purchaser. Join this webinar to learn more: AML/CFT hot topics for 2023: Are you prepared? . FinCEN works on rules. Learn More.
New York AB 5537 / SB 4271 This bill would establish a state-wide debt collector license in New York under the authority of the Department of Financial Services (the same agency that licenses the banking and insurance industries and which for the last 11 years has promulgated rules for debt collectors). RMAI is in strong opposition.
However, federal courts in Wisconsin have held that consumers can seek damages under the FDCPA against debt collectors that file collection actions when no right-to-cure notice was provided. Relying on the representations of the creditor, the debt collector reported the consumers account to the CRAs as undisputed. See Bahena , 363 F.
2025 Webinar Programming Register for our February 4th webinar, Innovation and Future Trends in the Accounts Receivable Management Industry, sponsored by Collectors Insurance Agency, Inc. Register for our March 5 th webinar on AI & Fraud brought to you by the Affiliate Advisory Council.
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