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With over 50 years of experience and a recovery record of about $6 billion in accountsreceivablemanagement for 60,000+ clients in the last decade, discovering Transworld Systems Collection on your credit report is never a welcomed situation. Making arrest and legal threats such as wage garnishment or property seizure.
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. So what’s the implication for you, the business owner?
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 30, Maine Governor Janet Mills declined to veto a new law that expands consumer protections against garnishments. For more information, click here.
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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