Sunday, February 5, 2012



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New York AG Sues Buffalo Lawyer in Debt Collection Probe

by Collection Agency Software

BUFFALO, NY - New York Attorney General Andrew M. Cuomo today announced his office has sued a Western New York lawyer who sold debt collectors the use of his name, which the debt collectors then used to intimidate consumers by threatening bogus legal action. The action is the latest in Attorney General Cuomo’s ongoing probe [...]

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How to Get insideARM Content Everywhere

by Collection Agency Software

There are a lot of different ways to digest insideARM content. If you’re a subscriber, you are most likely reading this story via the daily ARM Insider email newsletter. But did you know that you can access insideARM content in a few other ways? Check out our Social page and you can choose new ways [...]

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Commercial Collection Placement Volume Drops 12% in First Quarter

by Collection Agency Software

The Commercial Collection Agency Association (CCAA) of the Commercial Law League of America (CLLA) reported that business-to-business accounts its members received during the first quarter of 2010 declined by approximately 12%.  However, in the last twelve months CCAA members have received a record account placement with $17.5 billion in business-to-business accounts placed for collection. Emil [...]

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Executive Change: Asset Acceptance Names Reid E. Simpson Chief Financial Officer

by Collection Agency Software

WARREN, Mich. -- Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, announced today the appointment of Reid E. Simpson to the office of Senior Vice President and Chief Financial Officer, effective May 17, 2010. He succeeds Mark Redman, who announced his resignation in January 2010 and plans to [...]

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Asset Acceptance Stays in the Black in the First Quarter; Discloses FTC Action

by Collection Agency Software

Accounts receivable management firm Asset Acceptance Capital Corp. reported late Thursday that earnings in the first quarter of 2010 dropped under $1 million as a slowdown in cash collections weighed on revenue. Warren, Mich.-based Asset Acceptance (Nasdaq: AACC) reported net income of $356,500 – or $0.01 per share – for the first three months of [...]

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