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Adam Parks

Adam Parks

Regular70 points
@receivablesinfo

Adam Parks has become a voice for the accounts receivables industry. With almost 20 years working in debt portfolio purchasing, debt sales, consulting, and technology systems, Adam now produces industry news hosting hundreds of Receivables Podcasts and manages branding, websites, and marketing for over 100 companies within the industry.

Joined Aug 2025 New York City, United States Last seen 13h ago
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Receivables Info · Blog post · 1 min read · 13h ago
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UK Expands Tax Debt Collection With £70 Million Investment and New Recovery Powers

The United Kingdom is expanding its tax debt collection efforts through a £70 million investment in private-sector collection agencies and proposed authority to recover smaller unpaid tax debts directly from bank accounts. The measures, announced in the government's Oct. 28, 2026, budget, are part of a broader initiative to strengthen HM Revenue and Customs The post UK Expands Tax Debt Collection With £70 Million Investment and New Recovery Powers appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 13h ago
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43 States Reach $183.5 Million Settlement With Acima Over Debt Collection and Rent-to-Own Practices

Case Snapshot  Court: Allegheny County Court of Common Pleas, Pennsylvania (reported filing; multistate resolution) Case: Multistate Attorneys General Settlement with Acima Digital, LLC, and Acima Holdings, LLC Decision Date: Announced Nov. 12, 2026; Pennsylvania judicial approval pending as of announcement Core Issue: Deceptive rental-purchase agreements, merchandise pricing, debt collection and credit reporting practices. Key The post 43 States Reach $183.5 Million Settlement With Acima Over Debt Collection and Rent-to-Own Practices appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 1d ago
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Chicago Plans Expanded Debt Collection Efforts in 2027 as Recoveries Approach $120 Million

Chicago officials are planning to expand municipal debt collection efforts in 2027, targeting corporate debtors, increasing administrative enforcement and improving electronic filing systems as the city projects more than $120 million in collections for 2026. During a Nov. 10 budget hearing, the Chicago Department of Law outlined its plans to strengthen recovery of unpaid utility The post Chicago Plans Expanded Debt Collection Efforts in 2027 as Recoveries Approach $120 Million appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 1d ago
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U.S. Household Debt Reaches $19.1 Trillion as Collections Remain Near Historic Lows

U.S. household debt climbed to $19.1 trillion in the third quarter of 2026, while delinquency rates increased and the share of consumers with third-party collection accounts remained near historic lows, according to new data from the Federal Reserve Bank of New York. The Quarterly Report on Household Debt and Credit, released Nov. 10, found that The post U.S. Household Debt Reaches $19.1 Trillion as Collections Remain Near Historic Lows appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 2d ago
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Minnesota Medical Debt Settlement Highlights Hospital Billing and Collection Requirements

Minnesota has secured another settlement involving hospital billing practices, requiring $171,800 in patient refunds and medical debt reductions. The agreement affects 323 uninsured patients and reinforces the state's oversight of hospital financial assistance, billing and debt collection practices. The Nov. 9 settlement announced by Minnesota Attorney General Keith Ellison follows an investigation into Hendricks Community The post Minnesota Medical Debt Settlement Highlights Hospital Billing and Collection Requirements appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 2d ago
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Long Beach, California Advances Medical Debt Reporting Ordinance With Fines Up to $10,000

The Long Beach City Council has advanced a proposed medical debt reporting ordinance that would require four local hospitals to disclose debt collection activities and patient financial assistance information, with potential fines reaching $10,000 per violation. During its Nov. 10 meeting, the council approved the ordinance's first reading and moved it forward for final consideration The post Long Beach, California Advances Medical Debt Reporting Ordinance With Fines Up to $10,000 appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 3d ago
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TrueML Products Introduces Penelope, Integrated Voice AI Built for Debt Collection

LENEXA, KS – November 10, 2026 – TrueML Products today introduced Penelope, a new voice AI agent and the latest addition to TrueML’s integrated suite of solutions designed for the debt collection industry. Penelope offers a voice AI capability beyond a standalone tool, bringing conversational AI directly into an ecosystem of true omnichannel orchestration The post TrueML Products Introduces Penelope, Integrated Voice AI Built for Debt Collection appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 3d ago
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FTC Halts Alleged $20 Million Phantom Debt Collection Operation

Case Snapshot Court: U.S. District Court for the Central District of California Case: Federal Trade Commission v. McDonnell & Associates LLC et al., No. 8:26-cv-03224 Decision Date: Nov. 5, 2026 Core Issue: Alleged phantom debt collection, deceptive legal threats, and violations of federal consumer protection laws. Key Allegation: Defendants allegedly collected more than $20 million The post FTC Halts Alleged $20 Million Phantom Debt Collection Operation appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 4d ago
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Debt Collection Lawsuits Surge in Utah as Filings Climb Across Multiple States

Debt collection lawsuits in Utah have reached levels not seen in more than a decade, with new court data showing filings increased 23% compared with 2019. The increase reflects a broader national trend as creditors and debt buyers pursue more delinquent accounts through state courts, although several states have experienced substantially larger increases. According The post Debt Collection Lawsuits Surge in Utah as Filings Climb Across Multiple States appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · 4d ago
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Florida County Expands Debt Collection Efforts to Recover $4.2 Million in Unpaid Obligations

Hernando County, Florida, has approved a new debt collection ordinance allowing its clerk of court and comptroller to pursue delinquent county debts, establish payment plans and refer unpaid accounts to outside collection agencies. The move targets approximately $4.2 million in outstanding obligations and follows collection practices already used by municipalities across the United States. The post Florida County Expands Debt Collection Efforts to Recover $4.2 Million in Unpaid Obligations appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 7, 2026
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Federal Student Loan Changes Fuel Private Lending Growth as Credit Risks Mount

Changes to federal graduate student loan programs are accelerating growth in private education lending, with Sallie Mae, Navient, and SoFi reporting substantial increases in loan originations during the third quarter of 2026. The shift follows new federal borrowing restrictions that took effect July 1, creating additional opportunities for private lenders while raising questions about The post Federal Student Loan Changes Fuel Private Lending Growth as Credit Risks Mount appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 7, 2026
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$850K TCPA Settlement Highlights Risks for Debt Collection Calls and Voicemails

Case Snapshot Court: U.S. District Court for the Northern District of Texas Case: Bond v. Folsom Insurance Agency LLC et al., No. 3:24-cv-02551-BN Decision Date: Sept. 15, 2026 Core Issue: TCPA consent requirements for prerecorded telephone calls and voicemails. Key Allegation: Defendants allegedly placed artificial or prerecorded voice calls without legally required consent. Court The post $850K TCPA Settlement Highlights Risks for Debt Collection Calls and Voicemails appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 6, 2026
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Georgia Debt Collection Investigation Finds 74% of Judgments Entered by Default

A new investigation into debt collection lawsuits in Georgia found that nearly three-quarters of cases resulting in judgments in a sample from Gwinnett County ended in default judgments, highlighting a pattern of limited consumer participation in debt litigation that national researchers have documented for years. According to a Nov. 4 investigation by WSB-TV Channel 2 The post Georgia Debt Collection Investigation Finds 74% of Judgments Entered by Default appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 6, 2026
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New York Updates Bank Account Exemption Guidance for Debt Collection Judgments

The New York State Department of Financial Services (DFS) issued updated guidance Nov. 4 clarifying how financial institutions should calculate protected wages when processing bank account restraints and levies related to debt collection judgments. The guidance addresses changes to New York's minimum wage laws and updates procedures under the state's Exempt Income Protection Act The post New York Updates Bank Account Exemption Guidance for Debt Collection Judgments appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 5, 2026
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FTC Reports $80 Million in Consumer Redress as Impersonation Crackdown Targets Debt Collection and Credit Repair Scams

The Federal Trade Commission has secured more than $80 million in consumer redress, completed 14 enforcement actions, and helped shut down 19 websites impersonating the agency since its Impersonation Rule took effect in 2024. The agency's latest enforcement update highlights continued efforts to combat fraudulent schemes involving debt collection, credit repair, debt relief, and The post FTC Reports $80 Million in Consumer Redress as Impersonation Crackdown Targets Debt Collection and Credit Repair Scams appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 5, 2026
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New Report Finds 26.6% of U.S. Adults Had Medical Debt, With More Than One-Third Facing Collection Activity

More than one-quarter of U.S. adults reported having medical debt in 2025, with more than one-third of those carrying medical debt experiencing collection agency contact, according to a new Urban Institute report. The findings highlight the continued prevalence of unpaid medical bills, the role of collection agencies in medical debt recovery, and the financial The post New Report Finds 26.6% of U.S. Adults Had Medical Debt, With More Than One-Third Facing Collection Activity appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 4, 2026
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The Operational Challenges of Expanding Into Commercial Collections

Abstract: Commercial credit and B2B collections require an operational framework that accounts for industry diversity, customer relationships, financial risk, and recovery complexity. This article examines the structural differences between consumer and commercial collections and outlines an integrated approach to account segmentation, automation, workforce development, documentation, and recovery management. Commercial accounts are not simply The post The Operational Challenges of Expanding Into Commercial Collections appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 4, 2026
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Legal Collections Operations: The Network is Only as Strong as What Happens Between Placements

Abstract: Legal collections operations require more than placing accounts with law firms. This article explores how debt buyers can strengthen legal networks through better documentation, compliance oversight, exception management, performance visibility, and connected workflows across firms and jurisdictions. Sending an account to a law firm is easy. Knowing whether it was the right The post Legal Collections Operations: The Network is Only as Strong as What Happens Between Placements appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 3, 2026
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When School Lunch Debt Goes to Collections, Families Can Face Lasting Financial Consequences

For families struggling to afford school meals, unpaid lunch balances can become more than an outstanding bill. In some U.S. school districts, those balances are referred to collection agencies, potentially exposing parents to collection lawsuits, wage garnishment, and other financial consequences. Recent reporting from North Dakota, combined with documented cases in other states, highlights The post When School Lunch Debt Goes to Collections, Families Can Face Lasting Financial Consequences appeared first on Receivables Info.

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Receivables Info · Blog post · 1 min read · Nov 3, 2026
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West Virginia Supreme Court Asked to Decide Debt Collector Liability for Third-Party Payment Fees

Case Snapshot Court: U.S. District Court for the Northern District of West Virginia; question certified to the Supreme Court of Appeals of West Virginia Case: Dye v. Santander Consumer USA Inc. d/b/a Chrysler Capital, No. 1:23-CV-045 Decision Date: Sept. 29, 2026 Core Issue: Whether a debt collector can be liable under the WVCCPA for The post West Virginia Supreme Court Asked to Decide Debt Collector Liability for Third-Party Payment Fees appeared first on Receivables Info.

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