Debt recovery has a reputation problem, and much of it is earned. Traditional collection approaches have leaned on frequency and pressure: contact the borrower repeatedly, escalate quickly, and treat every delinquent account with the same urgency regardless of the borrower’s ...

The article is about a new Pennsylvania Turnpike initiative to send legitimate text reminders to drivers who owe tolls, in an effort to get them to pay before their accounts are sent to outside collection agencies. This is a notable ...

Central Illinois churches across Champaign, Macon and nearby counties have pooled donations to buy and cancel nearly $5 million in medical debt that had been sold to collection agencies, wiping it out for thousands of local families at pennies on ...

Regulator wants organizations to move call center jobs back onshore and implement English proficiency for offshore agents The Federal Communications Commission has voted to bring offshored contact centers operated for US organizations back to the US, to protect American jobs, ...

Slow and unreliable payments are influencing more than subcontractor cash flow. They are increasingly affecting how subcontractors price work, who they choose to work with, and how much risk they build into future jobs. By Ian Moss, marketing leader for ...

The Federal Deposit Insurance Corporation (FDIC) has proposed a rule that would establish a prudential framework for FDIC-supervised permitted stablecoin issuers. This framework would include requirements for reserve assets, redemption, capital and risk management standards, the regulator said in a Tuesday (April 7) press release ...

Here's a breakdown of the Chosun Ilbo interview with Stanford GSB Professor Amit Seru, published today. The Core Argument Seru's central thesis is structural: the Fed's toolkit was built for banks, but the risk has migrated outside the banking perimeter ...

Court-supervised bankruptcy filings in the U.S. are expected to remain elevated this year, according to data from S&P Global Market Intelligence. The reasoning is because “distressed companies continue to face pressure from debt refinancing at higher interest rates and, in ...

Key Takeaways Table of Contents Fair Isaac shares plummeted approximately 13% during Friday’s trading session, ranking among the S&P 500’s poorest performers The closing price represents the company’s weakest level since late 2023 FHFA’s Bill Pulte publicly called for more ...