True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. There were also a couple of notable court decisions impacting debt collectors last quarter. On the regulatory front, data protection is making headlines. 9%) to $17.05 9%) to $17.05

Financial Institution 66

Financial Institution Student Loans Student loans Loans 66

National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

Collection Companies 40

Collection Companies Collections Collection Agent Collection Agencies 40

Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Avoid Being Fooled by Transworld Systems.

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Troutman Sanders

APRIL 19, 2021

Senator Ted Cruz introduced the Financial Institution Customer Protection Act of 2021, which seeks to prohibit financial institutions from denying services to law-abiding businesses, such as companies in the accounts receivable management industry. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Financial Institution 52

Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

Troutman Sanders

JULY 7, 2021

Some consumers reported facing homelessness because of the negative impact of an eviction on their credit history reported by debt collectors. On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies.

Financial services 52

Financial services Financial Institution Student Loans Student loans 52