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Collections and Recovery Blog

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Automated Debt Collection Software

By: Rob Daley | April 5, 2021

This automated debt collection software article explores the features and benefits for banks and credit unions. It provides key information for bank and credit union debt collectors seeking a collections process automation solution to improve their collection efforts to reduce bad debt and optimize cash flow.  How Bank Customers’ Rising Payment Default Impacts the Collections […]

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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 […]

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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 […]

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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 […]

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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 […]

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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

Thinking small, as in short-term low-dollar personal loans, and businesses seeking funds to grow, could help financial institutions cultivate assets with the right bank collection software helping to monitor the risks. Underserved individuals and small businesses present a challenge for community financial institutions. In recent years, nonbanks and alternative lenders have challenged conventional financial institutions, […]

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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 […]

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Improving Lending with Best of Breed Collections with or Without Dodd-Frank Reform

By: Rob Daley | August 1, 2017

Regardless of the extent and outcome of Dodd-Frank reform, and other legislative changes, bank collection system software still needs flexible and robust capabilities to accommodate any changes to existing regulation or lending volume; investor, guarantor, insurer collection requirements, competition pressuring net income require today’s banker to employ every tool available. There may be good reasons […]

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