Collection and Recovery Solutions 2017 takes place May 10 – 12 at the Four Seasons Hotel, Las Vegas, and is open to senior-level members of the debt collections industry involved in collection, recovery operations, compliance, risk and strategy on a first-come, first-served basis via registration. The conference offers general sessions, receptions, an exhibit hall and…Details
The Internal Revenue Service announced the official start of the 2016 tax season on Monday, January 23 by unlocking the doors to its virtual storefront and accepting the first electronic tax returns. The agency anticipates processing over 153 million returns this year with an estimated 80% of the total generated by tax preparation software. Meanwhile,…Details
There are certain jobs and industries where cutting corners is acceptable or even considered harmless. The accounts receivable industry, where debt collection values are revered, is not one of them.
“What harm,” one may ask, “is there in not fully complying with state and federal laws, or not documenting business activities such as letters or phone calls?” That type of slack may cut it in some sectors, but not in debt collections.
There are other ways to use and abuse reasonable and customary actions, including the harassment of consumers at their place of employment or contacting them during embargoed hours of the day.Details
Petaluma, Calif. (January 18, 2017) — Optio Solutions, an accounts receivable management firm, has appointed Claire Molesworth to the position of in-house counsel and manager of corporate compliance. She reports directly to President and CEO Chris Schumacher. Molesworth is a seasoned litigation and regulatory attorney with over eight years of experience representing banks and financial…Details
Petaluma, Calif. (December 20, 2016) — Optio Solutions, an accounts receivable management firm, generated its latest installment of holiday giving by participating in the Salvation Army Angel Tree program and the Annual Food & Funds Drive for the Redwood Empire Food Bank. Employees placed dozens of Christmas presents under the Angel Tree and donated enough…Details
Earlier this week, TransUnion published an article forecasting higher 2017 delinquency rates for auto loans that will pose greater challenges for auto debt collections. The expected delinquencies are “still far below recession levels,” but auto lenders will be well served by an organized collection effort that allows them to remain in front of the expected…Details