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Collections and Recovery Blog

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Transforming Bank Collections

By: Rob Daley | October 19, 2021

How to Improve Bank Collections Bank collections efforts are only as effective as the banking platform institutions use to control them. Today’s bankers need access to collections and recovery tools that ensure compliance and minimize risk. This article is a resource guide for banks and credit unions. It lists methods and tips to improve payment […]

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Automated Debt Collection Software

By: Rob Daley | April 5, 2021

This automated debt collection software article explores loan recovery features and benefits for bank and credit union professionals. It provides information and ways for bank and credit union debt collectors to access a collections process automation solution to improve their collection efforts. This solution optimizes cash flow, increases lending to low credit score customers, and […]

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FDCPA Guidelines: How to Automate Debt Collector Compliance in 2021

By: Rob Daley | February 2, 2021

FDCPA guidelines for collections compliance can benefit debt collectors at banks and credit unions.  This article focuses on debt collection practices in banking in 2021, including an FDCPA Compliance Checklist. We begin by defining the Fair Debt Collection Practices Act (FDCPA) and discuss FDCPA rules for collection agencies and bank collection compliance. We then share […]

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Debt Collection Strategies for Banks and Credit Unions

By: Rob Daley | November 16, 2020

This debt collection strategies resource outlines actions and processes that enable banks and credit unions to maximize debt collection effectiveness. These debt collection techniques can enable your financial institution to reduce expenses and increase revenue without adding employees or costly in-house infrastructure or equipment. How Debt Collection Practices are Changing Debt collection accuracy, efficiency and […]

Debt Collection Management in Banking

How to Improve Debt Collection Management in Banking for 2021

By: Rob Daley | October 1, 2020

The Latest Collection Management in Banking Advancements Collection management in banking is an increasingly hot topic as banking and credit union executives face an unprecedented volume of loan delinquency and charged off debt as they plan their 2021 budgets.  This guide provides bank and credit union leaders with the latest tips and strategies for meeting […]

Intelligent Banking Solutions Inc (IBS) Joins the Jack Henry Banking Vendor Integration Program

By: Rob Daley | September 21, 2020

– VIP enables Intelligent Banking Solutions to integrate and interface Collection and Asset Recovery Manager – Professional (CARM-Pro) with SilverLake, Core Director and CIF 20/20 New London, NH, August 1, 2020 – Intelligent Banking Solutions, a banking industry specialty firm, offering CARM-Pro (IBS’ premier debt collection management system) to financial institutions today announced that it […]

The Right Bank Collection System Helps When Providing Credit to Underserved Individuals and Businesses

By: Rob Daley | December 20, 2017

With the proper bank collection system in place, helping to monitor risk and debt recovery, financial institutions could extend credit to previously underserved markets such as with low-dollar personal loans, and small businesses. The issue for many banks and credit unions is how to attract and serve many individuals and businesses lacking traditional creditworthiness. More […]

How to Grow Your Community Bank’s Net Income with Small Dollar Loans, Business Loans and the Right Collection System

By: Rob Daley | November 30, 2017

Short term, low-dollar personal loans are one key way for financial institutions to cultivate assets. Another option is to underwrite more business loans. Both cases call for robust bank collection software to help loan account officers manage the process and monitor the risks. Underserved customers and small business borrowers represent a challenge for community financial […]

Leveling the Collection Compliance Playing Field with Technology

By: Rob Daley | October 2, 2017

A constant and growing compliance burden for banks and credit unions adds to escalating costs and puts a heavier burden on vigorous collection systems to maintain order and help ensure profitability. Debt gathering is a billion-dollar industry with swelling and multifaceted legal concerns for financial institutions across departments but especially when gathering fees owed. This […]