Debt Collection

CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  CFPB

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

READ MORE >
Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

READ MORE >
CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July...

READ MORE >
Why Collecting Payments Starts With Better Invoices
Why Collecting Payments Starts With Better Invoices
May 02, 2023  |  SMBs

Cash is the lifeblood of a business, meaning that delayed payments delay growth. Payment defaults are even worse. Today’s turbulent macroclimate has only underscored the...

READ MORE >
CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
June 13, 2022  |  Personal Finance

Members of the U.S. military are especially vulnerable to erroneous or unscrupulous actions by companies connected with credit ratings and debt collection, the federal Consumer...

READ MORE >
NexaCollect Rolls Out B2B Division For Commercial Debt Collection
NexaCollect Rolls Out B2B Division For Commercial Debt Collection
June 22, 2020  |  B2B Payments

To help firms retrieve funds from past-due invoices, NexaCollect has rolled out a B2B arm that provides information about commercial debt collection, according to an...

READ MORE >
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
March 03, 2020  |  Debt

The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in...

READ MORE >
CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
January 27, 2020  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), 2020 may be a landmark year. There’s the looming question over the agency’s very constitutionality, recent definitions of...

READ MORE >
How SMBs Can Address Late Payments — Before They Happen
How SMBs Can Address Late Payments — Before They Happen
January 10, 2020  |  B2B Payments

Few small businesses (SMBs) are immune to the risk of delayed and late payments. With payment terms an age-old practice in B2B trade, ensuring trust...

READ MORE >