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 Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) have launched an investigation into the debt collection industry to learn how the industry functions. Both regulators are concerned about the dodgy practices of debt collectors in Australia. The ACCC will report its findings mid-2015. Read more.. Source: Government News,…
Debt Collection agencies and lenders are now using hi tech methods for debt collection. It may sound like science fiction, but some companies can disable a borrower’s car with the click of a button on a screen. Car ignition interrupt devices are the newest high-tech tool that debt collectors use in their information war against…
An interesting infographic from FICO points out that technology has given debt collectors a new power, ‘the ability to communicate in a customer friendly manner to the debtor better and faster’.
Click here to view this infographic
Source : fico.com
A white paper done by SunGard’s Avantgard, a provider of statistical scoring and corporate liquidity solutions shows how statistical models can improve medical debt collections. SunGard writes that statistical modeling triggers scores that can accurately predict payers and the amount to be collected. This enables healthcare providers and medical debt collectors devise a more targeted and…
The Queensland Government has offered the management of debts held by the State Penalties Enforcement Registry to a private broker. This broker will engage private debt collectors in a tender that closes on Friday. The Treasurer has said there would be legislative changes to accommodate this. Unpaid fines have been steadily rising over the last…
