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Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accountsreceivablemanagement industry, but there are two other government regulators that also police debtcollectors — the Federal Communications Commission and the Federal Trade Commission.
Like any industry, the debt collection and accountsreceivablemanagement industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. How can something like this happen?
In fact, they are a multifaceted company that can be a part of the debt collection process in the early stages (pre-charge of recovery) or the post-collection stage. Numerous complaints state the company left over 25 voicemails on one customer’s phone alone in an attempt to collect a debt. Calling you before 8:00 A.M
These compliance and defense litigation skills applied nicely to the accountsreceivablemanagement industry. . Soon enough, I began representing debtcollectors , defending them against consumer litigation and helping them build compliance programs in their nationwide businesses.
Some consumers reported facing homelessness because of the negative impact of an eviction on their credit history reported by debtcollectors. The plaintiffs, who include landlords and real estate trade associations from Alabama and Georgia, argue that the CDC exceeded its authority by imposing the ban. On June 29, the U.S.
On April 15, the Federal Trade Commission (FTC) announced the first enforcement action taken under the new COVID-19 Consumer Protection Act (COVID-19 CPA), which imposes monetary penalties on violators. Companies also would be required to submit business-specific requirements, which pertain to information related to licensing a business.
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