If you’ve never heard Bruce Billson speak, you’d be forgiven for thinking he was just another Australian politician. You’d be mistaken. I don’t know Bruce, but after listening to a @MarkBouris podcast back in May, he opened my eyes to a world of ‘delicious possibilities’ for small business & family enterprise. He’s got a humble,…
The Mexican agency for protecting bank customers has fined debt collectors for harassment.
Debt collection agencies have been fined approximately $12 million.
Most of the complaints to the Mexican regulator was due to people getting calls for debts they were not aware of.
Source: ABC news
Bulgaria is deeper in debt arrears in the first half of 2015 than last year. Debt collectors were asked to recover more than 983 million leva which is about 502.5 millions Euros.
Mobile phone operators made the most requests to debt collectors to recover 432 million leva in 2015.
Source: The Sofia Globe
The state of Queensland in Australia is fast approaching $1billion in debt from unpaid fines. The government has abandoned the plan to use debt collectors to collect the fines. The outstanding fines were at $980 million dollars at the end of April. The new government is looking at other measures to recover the unpaid fines. Read…
Majority of small businesses do not have the ability to track or manage their cash flow because the necessary tools are not available at banks. According to Barlow Research Associates, around 60% of small business owners have mentioned cash flow is a concern monthly. Most small business failures are due to poor cash flow management.…
GCS Partners Greg Cohen and Albert Knowles have been elected to the 2015 IACC (International Association of Commercial Collections) Board of Directors. IACC is made up of commercial collection agencies, associate, law list and affiliate members. IACC serves members in the US and 25 other countries. Members of IACC recover millions of dollars annually for their…
The percentage of Americans having at least one account in a third party debt collection system has fallen to a post-financial crisis low in the fourth quarter of 2014.
The average balance of accounts in collection has also fallen for a second straight quarter.
Source: Inside Arm, Patrick Lunsford
South Africa has a spending culture with low savings levels, which is evident in many segments of the population. With a low growth rate and a tough economic environment in South Africa, consumers have turned to accessible unsecured credit facilities. Data analytics can be used to predict the best possible date to collect debts from…
After completing a $75 million funding round, Bitcoin payment firm Coinbase has revealed it will open the first Bitcoin exchange in the United States.
The company has regulatory approval in half of the states already for this purpose.
Coinbase already offers exchange services in 19 countries.
Source: Tech Crunch, Jon Russell