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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other things, the updated draft includes the following: ○ Employees of debt collectors are not required to be licensed under the DCLA when acting within the scope of their employment by a licensed debt collector; ○ A creditor, including a provider of nonfinancial services, seeking repayment in its own name of consumer debt arising from a consumer (..)

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Is The CFBP's Position On Credit Reporting Statements Consistent With The Case Law?

FDCPA Defense

The Ninth Circuit rejected the consumer’s claim that the letter violated sections 1692e, 1692e(5) and 1692e(10) of the FDCPA, noting that: “The body of the notice was informational, notifying Wade that failure to pay could adversely affect her credit reputation….The Credit Bureau of Georgia, 555 F. MKM Acquisitions, LLC , 241 F.

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A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Collection Industry News

At the same time, many health systems, such as Advocate Health, have pursued aggressivemerger and acquisition campaignsthat researchers and lawsuits contend have reduced competition and patient choice in nearly every region of the US. Under North Carolina law, a debt judgment is issued by the court when a creditor successfully sues a debtor.