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1
Votes
Arkansas SC upholds payday lender's $1.4 million in fines - Legal News Line
Submitted 96 days ago
Arkansas SC upholds payday lender's $1.4 million in finesLegal News Line, DC -Apr 17, 2008Bailey told the justices his case should have been remanded because the state Board of Collection Agencies' decision to fine him was based on unsworn ...Justices uphold fine on payday lenderArkansas OnlineCourt Upholds Fines Against Payday LenderToday's THVCounty determined to collect unpaid
 
Topic: Collection Agencies

1
Votes
Vallejo Faces Debts of $17 Million in Bankruptcy
Submitted 57 days ago
As expected, Vallejo, Calif., filed for bankruptcy Friday. The city council had approved the action earlier this month ("Vallejo, Calif. Files for Bankruptcy," May 8).The filing, with the U.S. Bankruptcy Court, Eastern District of California, claims that the municipality “has negotiated in good faith with creditors,” but “these efforts resulted in short-term concession
 
Topic: Government & Collections

1
Votes
Executive Change: Payments Industry Exec Joins Online Resources
Submitted 57 days ago
Chantilly, Va.-based Online Resources Corporation (Nasdaq: ORCC), a leading provider of web-based financial services, announced that Stephen R. Winston has been named senior director of payment industry relations for the company’s eCommerce Services unit. Mr. Winston is the primary liaison between Online Resources and key industry organizations, including the payment networks. Mr. Winston
 
Topic: Collections Industry

1
Votes
Intrum Justitia Acquires Canadian Collection Agency
Submitted 57 days ago
A small collection agency based in New Brunswick, Canada said Monday that it has been acquired by a subsidiary of European accounts receivable management giant Intrum Justitia. It will be Intrum's first office in North America. Saint John-based Eastern Collection Services Ltd. told local paper the New Brunswick Business Journal that it had been bought out by Intrum Justitia Iceland. According to
 
Topic: Collections Industry

1
Votes
Velocity Reports 24% Rise in Net Income
Submitted 57 days ago
Debt buyer and legal collection firm Velocity Asset Management (AMEX: JVI) reported Friday first quarter net income of $656,716, an increase of 24 percent from $529,808 in the first quarter of 2007. Revenues were $3.8 million in the first quarter of 2008, up nearly 25 percent from $3.0 million in the same period a year ago. Wall, N.J.-based Velocity earned 2 cents a basic and diluted share, compa
 
Topic: Collections Industry

1
Votes
New Proposed Rules on Risk-Based Pricing Notices
Submitted 57 days ago
Proposed rules would require a creditor to provide a consumer with a risk-based pricing notice when offering or providing credit on terms less favorable than those offered to other consumers.
 
Topic: ACA News

1
Votes
Fourth Circuit Rules on Disputes to CRA
Submitted 57 days ago
The court rejected the argument that the failure to mark an account as disputed based upon a dispute from a CRA is governed exclusively by section Section 623(a) of the FCRA.
 
Topic: ACA News

1
Votes
Obituary: William "Woe" Eklund
Submitted 57 days ago
Longtime Wisconsin Collectors Association executive secretary passed away on May 18, 2008.
 
Topic: ACA News

1
Votes
The Business Case for Data Security
Submitted 57 days ago
Data security has become more important than ever before in today?s marketplace.
 
Topic: ACA News

1
Votes
Jones v. Palisades Collection, L.L.C.
Submitted 57 days ago
Case summary.
 
Topic: ACA News