
Each week we bring you 10 of our most favorite stories from around the industry.
Week of June 27, 2010
(The China Post 07/02/10)
The Criminal Investigation Bureau busts gang of illegal collectors and uncovers “… machetes, hammers, wooden sticks, and instant glue, among other items, which were used to assault debtors who failed to return loan fees … “.
(WESH.com Orlando 07/01/10)
Debt collector caught on tape threatening arrest and harassing a consumer’s 10-year-old daughter.
3. Collection agency to put center in Augusta, GA
(Businessweek 07/01/10)
Convergent ERS to is bringing a new call center to Augusta, Georgia with hopes of hiring 400 employees over the next 18 months.
4. Payback? Consumer lawsuits against bill collectors skyrocket
(The Miami Herald, 07/02/10)
WebRecon’s Jack Gordon talks about the latest lawsuit statistics.
(Market Watch, 06/29/10)
It’s rare these days to see a judge rule in favor of a collection agency, but that’s what recently happened in Missouri.
(cbsatlanta.com, 06/28/10)
Contacting a consumer’s neighbor inspires investigative story. Video included.
(Debt Free League press release, accessed on earthtimes.org 06/27/10)
Eric Santacruz, vice president of San Diego, California’s Debt Free League, offers some interesting predictions for the credit and collection industry.
(jacksonsun.com 06/27/10)
Florida clerk of court turns to collection agency for assistance in recovering $3.2 million in unpaid fines and court costs.
9. Portfolio Recovery Associates Appoints New Attorneys
(Portfolio Recovery Associates press release, accessed on insideARM.com 07/01/10)
Portfolio Recovery Associates’ Executive vice president and general counsel Judy Scott announces the addition of five new attorneys to the PRA team. New members include: Trey Huelsberg, Beaufort “Shawn” Martin, Franci Ware, Kevin Duffan, and Brian Pearson.
(insideARM.com, 07/01/10)
Cynthia Wilson offers the latest insight and statistics on the Department of Education’s third-party collection efforts.