Optimizing Debt Collection at Financial Institutions
Debt collection requires a lot of technical support. Given that a typical debt collection case load comprises 100 accounts per ...
Tag: debt collection
Collection Agencies and Credit Cards: Clear Boundaries Make Sense
There comes a point where the cost of collections exceeds the probability of repayment. Some sophisticated credit card issuers do ...
Modernizing Credit Card Collection Regulations: Updating the FDCPA
November 30, 2021, is the kick-off date for modifying Regulation F, which governs collections' dos and don'ts. The change comes ...
Credit Card Delinquencies: Volume Decreases Choke Collection Agencies
Probably the least regarded segment of credit cards is the lowly collection agency. They work at the back end of ...
Credit Card Debt Settlement Companies Come Under Fire: It Is About Time
Credit card growth might be lagging after COVID-19, but business is booming for private debt settlement companies. According to the Consumer ...
Lenders, Wake Up; Collectors, Stand Down; Credit Card Issuers, Get Ready
In a letter to JPMC shareholders, Jamie Dimon gave an outlook that “the Biden Administration’s $2.3 trillion infrastructure plan could ...
Personalizing and Improving Debt Recovery Using Open Source and Cloud Native Technology
Household debt is at a staggering $48 trillion globally with sharp growth in both Norway and China. Effective debt collection ...
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