While Elon Musk’s $44 billion buyout of Twitter closed in 2022, there has been no shortage of buzz around the business magnate and how the social media giant has operated post-buyout. Case in point: ...

CHICAGO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- More than half (52%) of debt collection companies have experienced an increased or significantly increased volume of accounts placed or acquired over the ...

A large debt collection company in the United States was recently accused of violating federal consumer protection laws. The Consumer Financial Protection Bureau filed a proposed order that, if ...

When a payment is over 120 days late, creditors often send your debt to a collections agency. Almost any kind of payment can be sent to collections, such as credit card debt, subscription fees, or ...

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, ...

When a debt goes unpaid for long enough, it can move through a series of hands, first the original creditor, then a third-party debt collector and sometimes even multiple agencies afterward. Each ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

When a company racks up more than 20,000 complaints at the Consumer Financial Protection Bureau (CFPB) over a five-year period, you can imagine all sorts of alarms go off. This week the Bureau got ...

No one wants to receive a call from a debt collector. But if you’ve fallen behind on paying your credit cards, loans or bills, your account may be sent to collections. Dealing with these debt ...

Phone calls and letters are still going strong in debt collections, but outreach via digital channels such as text and emails is gradually creeping up. So is the use of artificial intelligence and ...

More and more Pennsylvanians are swiping credit cards and finding themselves in too much debt for comfort. But when the debt collection companies start calling, most people don't know what to do. If ...

With the new collection agency rule of the Consumer Financial Protection Bureau (“CFPB”) having taken effect on November 30, 2021, 1 we thought we could help round out your understanding of the ...