California County Reports $244K in Unclaimed Collections
The Santa Clara (Calif.) County Department of Revenue, which acts as the county's central collection agency, reported Tuesday that 1,060 people are the potential owners of nearly $244,000 in unclaimed money.
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The shut down comes three years after a Canadian company purchased the business. more »
A federal worker union is battling a bipartisan push in Congress to restart the Internal Revenue Service's controversial use of private collection agencies to pursue tax debts. more »
Capital One Financial is terminating its accounts with check-cashing stores, the latest sign that some banks are becoming pickier about their customers in the face of stepped-up scrutiny by federal regulators. more »
Canadian payday loan provider Cash Store Financial Services Inc. is seeking protection from creditors as it faces liquidity woes resulting from the suspension of its right to offer loans in the province of Ontario. more »
Navient, a company formed from Sallie Mae, will take over Sallie Mae's loan management and asset recovery business. more »
One of the largest UK debt buyers is adding jobs and moving into offices that will accommodate more than 1,000 people. more »
Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016. more »
A large U.S.-based public debt buyer announced Monday it raised its credit facility to prepare for one of the largest acquisitions in accounts receivable management industry history. more »
Debt buyer Portfolio Recovery Associates UK expects future growth will create up to 400 jobs in the next three years, adding to its current 300 employees at the company's office in Kilmarnock, Scotland. more »
UniCredit, an Italian banking and financial services company, wants to sell a large portion of its non-performing loans along with its debt collection unit. more »
Local court officials across Tennessee gained approval last week to add an additional fee if they use an outside collection agency to pursue unpaid criminal court fines and fees. more »
The borough of Phoenixville, Pa. is reviewing whether to hire an outside collection agency to pursue the an estimated $1 million in unpaid water, sewer and trash bills. more »

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