U.S. Supreme Court Holds Debt Purchaser Not Subject to FDCPA

Licensing

Maryland Rent Collection in 2026: 7 Licensing Risks Property Managers Must Avoid

Property managers in Maryland are running into a question that is getting more attention and creating real operational risk. Does collecting rent, especially when a tenant is past due, trigger Maryland's collection agency licensing requirements?

Licensing

Licensing Challenges for Mortgage Servicers

Mortgage servicers play a central role in the housing finance system. They collect borrower payments, manage escrow accounts, respond to customer inquiries, and step in with loss mitigation or foreclosure processes when borrowers fall behind. Servicers act as the day-to-day managers of loans after origination, ensuring that cash flows properly between borrowers and investors. Since [...]

Licensing

The Pros and Cons of Outsourcing Debt Collection for Startups and Small Businesses

Cash flow is the lifeblood of every startup. When customers delay or default on payments, even the most innovative ideas can stall. Founders often face a critical challenge: Should we collect overdue invoices ourselves, or hand them off to a third-party debt collection agency? Outsourcing debt collection - sometimes called debt recovery outsourcing - has become increasingly common for [...]

Debt Collection & Buying

Beyond the Collection License: When Debt Buyers Need Lender or Servicer Licenses

Why a Collection License Isn't Always Enough For decades, debt collection firms have assumed that once you have a collection agency license, you're cleared to operate. But the reality is more complicated. Regulators are increasingly looking at what kinds of debt you collect and how you collect it. Depending on your portfolio and practices, you [...]

Licensing

Understanding Insurance: How to Best Protect Your Collection Business

The global cyber insurance market is expected to grow by 25 percent in the next six years. That indicates the serious risk your business faces from surging cyber threats and data breaches. Do you operate a collection agency, and you want to ensure you have the right insurance coverage? Understanding insurance coverage options can help [...]

Licensing

Understanding Surety Bonds in the Financial Services Industry

Surety bonds are a fundamental tool used within the financial services industry for licensing and permitting processes. This article delves into the concept of surety bonds, how they differ from insurance, and their significance in obtaining licensing. An Overview of Surety Bonds A surety bond is a risk management tool, a contractual agreement involving three [...]