ARM 3rd Party
Setting the Record Straight: 10 Questions and 10 Answers About the State of the CFPB and Its Impact on the Collections Industry
It is difficult to keep track of what is happening at the CFPB. It is even more challenging to understand how so much change is currently happening at the CFPB. In this blog article, I will answer the most pressing questions collection agencies and debt buyers have about the state of the CFPB and provide…
Read MoreAnswering Your Questions About the CFPB Amendment to Regulation V
The CFPB announced its issuance of a final rule amending Regulation V. The final rule will prohibit the reporting of medical debt information to credit reporting agencies for inclusion on a consumer’s credit report.
Read MoreARM 2025: Technology Adoption and Regulatory Uncertainty Ahead
Technology adoption and potential regulatory changes are among the top trends in the ARM industry for 2025.
Read MoreEarly Adopters: Their Importance in Software Development
Early adopters play a vital role in helping software companies bring new offerings to market.
Read MoreModernizing Collections: What to Look for in a New Collections Platform
Many collections agencies are still operating with outdated systems, keeping them from enjoying the benefits of modern technology. Collections agencies need a modern platform that is intentionally built to drive success.
Read MoreThe Network Effect: Benefits to Collections Agencies
A modern collections platform that takes advantage of the network effect can improve efficiency and increase collections for collections agencies.
Read MorePayment Portals: Electronic Payments and Card Fees – The Final Hurdle
Electronic payments and fees go hand-in-hand with your payment portal. Third-party collections agencies must understand the regulations around these fees when deploying a payment portal.
Read MoreThe Role of AI in Collections
AI is no longer a “nice to have.” It is now table stakes, and the effective use of AI is becoming critical for collections agencies to increase collections without increasing costs.
Read MorePayment Portals: The Checklist Approach
Before launching your third-party collections payment portal, review these important and necessary elements to see if your portal checks all the boxes and is ready for prime time.
Read MoreIn Agreement: Understanding Consumer Agreements for Payment Portals
Consumer agreements are an important part of any payment portal. They enhance transparency for the user and compliance for your organization, as well as help improve overall payment efficiency. Collections agencies must understand the different consumer agreements and how they can affect your payment portal.
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