Which states have the most #debt collection accounts? Wallethub analyzed data from 50 states to determine which had the most debt collection accounts. Wyoming had the most collection accounts, with an average of more than four accounts per resident. https://t.co/AcrOiGnatP

The governor of #NewYork signed into law an act to amend the general business law, establishing a right of action for claims arising out of coerced debts. The legislation defines coerced #debt as debt incurred through economic abuse. https://t.co/IcUdTWDN5p

The parent of Saks Fifth Avenue and Neiman Marcus filed for #bankruptcy protection, barely a year after an ambitious bet on luxury department stores brought the two storied retailers together in what was supposed to be a powerhouse deal. https://t.co/ugyQb74qEn

Our company is heading to the #IACC Convention in Palm Springs! We’re looking forward to connecting with collection agencies, creditors' rights law firms and industry vendors from across the country. Safe travels and we’ll see you in the desert. https://t.co/GFocw2cAuM

An #Idaho law requiring medical providers to give patients adequate notice of medical bills before turning them over to a collections agency is constitutional, the state’s top court said. https://t.co/WI7MDDZPv6

Investors have piled into Venezuelan government debt. Ten year bond prices have risen from 33 to 43 cents on the dollar. The move is the biggest since 2023, when America lifted a ban on trading the country’s assets. https://t.co/yRYH8AyIas

We are sponsoring the #IACC Convention at the La Quinta Resort from January 14th to the 16th! This event brings together leaders in the commercial collections industry. We look forward to connecting with agencies, attorneys and vendors from across the country.

A fight over whether New Jersey #debt collectors face liability for unlicensed consumer lending is forcing state justices to confront whether the Legislature quietly jettisoned a century of private litigation enforcement. https://t.co/mL6XGWpDaN

Alaska’s court system has been designing a pioneering generative AI chatbot termed the Alaska Virtual Assistant to help residents navigate the tangled web of forms involved in probate. https://t.co/iq03f8s5Nt

Thanks for an amazing year at the General Bar, see you in the next one! #HappyNewYear

It’s the most wonderful time of the year and our clients and employees are the most wonderful part of our business. Thank you for making this year a little brighter for us. Wishing you the happiest of holidays!

Global technology companies have ramped up #debt issuance to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment. https://t.co/HkptmneKX8

Apple released an updated developer license agreement that gives the company permission to recoup unpaid funds, such as commissions or any other fees, by deducting them from in-app purchases it processes on developers’ behalf, among other methods. https://t.co/2gGbKA76Np

The Minnesota Court of Appeals affirmed a cease-and-desist order against a Utah-based company for allegedly conducting unlicensed #debt collection in #Minnesota. https://t.co/TmFNO3DViQ

The CFPB recently released its annual report to Congress on FDCPA compliance. Complaints about a #debt that the consumer says they do not owe once again was the predominant issue selected by consumers. https://t.co/oj7YGdmXqL

A new analysis by JG Wentworth concludes that the average American will pay off $1,786,810 in #debt across their lifetime. Considering the typical milestones in life the average amount you can expect to be in debt fluctuates across a lifetime. https://t.co/JMQUiZiipE

There's no single number that defines a lot of #debt for every borrower. Most financial advisors consider a DTI of 36% or lower to be manageable, with no more than 28% of that going toward housing costs. https://t.co/6QNvwSip6N

Our company is proud to partner with @CSSIMPACT! You can break through barriers to enhance revenue resurgence with their unmatched all-in-one solution for billing, revenue management, mass receivables, debt collections, and omnichannel contact engagement. https://t.co/n9h0Ge9woH

The administration announced an agreement to end the SAVE plan. The SAVE plan is an income-driven repayment plan first introduced in 2023 to help borrowers with high interest loans. https://t.co/liRlHZrfLH

One way or another, United States #debt will stop expanding unsustainably, but the most likely outcome is also among the most painful, according to Jeffrey Frankel. The list of possible solutions: faster economic growth, inflation and fiscal austerity. https://t.co/Nu3VnUixiW