The Consumer Financial Protection Bureau said Friday it has ordered medical debt collector Commonwealth Financial Systems of Dickson City, Pa., to cease operations and pay a $95,000 penalty for ...

If you’re someone who’s opted to automate debt collection processes for your business, congratulations, you’re on the right path. Automating debt collection has become an invaluable tool for many ...

Squeezed by the recessionary COVID-19-era economy and the rising prices of everyday goods, some consumers are increasingly turning to lines of credit to make ends meet. According to a September 2021 ...

The Consumer Financial Protection Bureau (CFPB) has ordered medical debt collection agency Commonwealth Financial Systems to cease operations and pay a $95,000 fine for illegally trying to collect ...

Artificial intelligence offers debt collection companies the opportunity to vastly improve margins while achieving higher levels of regulatory compliance and maximizing scalability, writes Ohad Samet, ...

A single ambulance ride. That's all it might take for a Michigan family to fall into debt they can't shake — thousands of dollars from one night in the emergency room, owed to a hospital they thought ...

Globally, credit recovery has evolved from manual record-keeping process such as mass calling to AI-driven ecosystems. Traditional tactics such as cold calls and rigid scripts no longer resonate ...

Last week, the Consumer Financial Protection Bureau said it took the first step toward considering consumer protection rules for the debt collection market. Through its Advance Notice of Proposed ...

If you owe a debt, you should make every effort to pay it. After all, you’ve enjoyed the services or goods that your debt bought. And companies have a right to try to collect or even sell that debt to ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. We have completed 99 % of the process of setting debt to zero for ...