#debt-collection

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www.theguardian.com
2 months ago
Mental health

UK watchdogs say they will take action against threatening' debt collectors

Regulators warn against harmful debt collection practices
Consumers vulnerable to mental health effects of debt collection [ more ]
www.bostonherald.com
2 months ago
Public health

With medical debt burdening millions, a financial regulator steps in to help

CFPB expanding to protect patients from medical debt.
Rules being developed to exclude medical debt from consumer credit reports. [ more ]
TechCrunch
2 months ago
Startup companies

Bfree, a Nigerian startup enabling lenders recover debt ethically, gets $3M backing | TechCrunch

Bfree was founded in Nigeria to introduce ethical debt recovery methods in response to aggressive retrieval techniques by digital lenders.
The startup has successfully raised $6.5 million in funding and expanded its customer base to major banks in Ghana, Kenya, and Nigeria. [ more ]
www.npr.org
3 months ago
US news

In this Oklahoma town, almost everyone knows someone who's been sued by the hospital

McAlester Regional Medical Center and an affiliated clinic have filed close to 5,000 debt collection cases since the early 1990s.
Major health systems in Virginia, North Carolina, and elsewhere have stopped suing patients following news reports about lawsuits.
Medical collection cases still clog courtrooms across the country, with some 100 million people in the U.S. burdened by health care debt. [ more ]
www.fastcompany.com
5 months ago
Artificial intelligence

Oh great, now debt collectors are embracing AI too

Debt collection companies are embracing AI-powered solutions to improve their success rates and efficiency.
AI is being used in debt collection for predicting payment outcomes, customer segmentation, virtual negotiation, communication recommendation, and more. [ more ]
Alleywatch
5 months ago
NYC startup

The AlleyWatch Startup Daily Funding Report: 12/5/2023

January raises $12M in Series B funding for its debt collection platform and service.
Ciba Health secures $7.5M in funding for its virtual care platform for chronic diseases. [ more ]
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