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Compliance Digest – February 18

Account Recovery

Merchant of the District Court for the Eastern District of New York issued the ruling, determining that the plaintiff failed to establish sufficient connections between the law firm and the state of New York to justify her authority over the defendant. Translation: to CYA, you need better original creditor contracts.]

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2025 Officers & Directors Elected to Lead Receivables Management Association International

Account Recovery

Of his involvement in the industry, Michael said, I am an enthusiastic member of, and believer in, the Fintech Lending ecosystem, which Debt Buyers, Agencies, Law Firms, and associated Service Providers are an integral part of. Over the next decade and a half, he held leadership roles with major originating creditors across the U.S.

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How to Remove Collection Accounts from Your Credit Reports

Credit Corp

If you have a lot of inaccurate collection accounts on your report, you might need help from a credit repair firm like Lexington Law Firm. You can also contact the original creditor to get this information. Credit.com may receive compensation if a subscriber signs up for Lexington Law Firm services.

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NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. The plaintiff later defaulted on her payment obligations and the account was “charged off.”

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Bankruptcy Disclaimer Did Not Violate FDCPA

Consumer Financial Services Law

In 2016, the bank engaged the defendant law firm to foreclose on the underlying real property. The law firm then sent Ms. Tyler the following letter: Dear Borrower(s), BANK OF AMERICA, N.A., successor by merger to LaSalle Bank Midwest, N.A. In 2015, Tyler’s mortgage debt was discharged in bankruptcy.

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Katabat Supports RMAI’s 2020 Annual Conference with Gold Sponsorship

Katabat

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. There’s a chance some details about your account got lost in the transfer from the original creditor. Don’t give a debt collection agency your bank account numbers.).