Washington, DC – 13 January 2017 – The U.S. Supreme Court on Friday agreed to decide whether firms collecting on debt they bought for pennies on the dollar can be held liable in lawsuits brought by debtors they targeted under a federal law cracking down on debt collectors’ abusive practices. The justices agreed to review a lower court’s decision to dismiss a consumer class action lawsuit against Santander Consumer USA Holdings Inc. (SC.N) over allegations it violated the Fair Debt Collection Practices Act.
Wyoming, MN – September 21, 2015 – Strategic planning is an essential first step in the budgeting process. A solid strategic plan lays out the direction and goals of the credit union, as well as criteria for actions to reach the goals. The amount of money available determines, to a large degree, what options can be entertained. As goal setting moves forward, if the credit union doesn’t have the budget to support its strategic plan, it will need to either modify the goal or find a financial means to support it. This is especially important during times of growth, when the question can be whether to add to staff, or outsource portions of the workload.
Wyoming, MN – September 2, 2014 – According to findings from a newly released survey by Ernst & Young and ACA International, the health of national and state economies in the U.S. continues to be impacted by the recovery of rightfully owed consumer debt. With recovery results trending above national and local levels, CU Recovery & The Loan Service Center are the leading recovery resource for all phases of Credit Union debt collection. They are also committed to training credit union collection departments in creating a solid framework for success.