Account Recovery

AUGUST 31, 2023

The Connecticut Department of Banking has reduced the fine against a law firm that was operating in the state without a consumer collection agency license to $20,000 from $100,000, largely on the basis that the law firm is no longer in business. A copy of the order with the Law Offices of David M.

Law Firms 130

Law Firms Collections Collection Agencies Collections Agency 130

FFGN COLLECT NY

DECEMBER 15, 2021

The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. The CFPB regulates debt collection only as it relates to consumer debt. The CFPB handles enforcing violations of federal consumer laws related to debt collection.

Debt collector 98

Debt collector Collections Fair Debt Collection Collection Agencies 98

FDCPA Defense

FEBRUARY 20, 2012

The CFPB claims to have the right to obtain privileged documents from all “supervised institutions” as well as from any “service provider” (such as a law firm or collection agency) who performs material services for a supervised institution. The answer may depend on who you ask. Wrong again.

Debt collector 40

Debt collector Law Firms Lawyers Collections 40

FDCPA Defense

AUGUST 16, 2012

If you are a collection professional working for a creditor, debt buyer, collection agency or collection law firm, and you have not yet added the website for the Consumer Financial Protection Bureau (CFPB) to the favorites on your web browser, it is high time that you do so.

Collections 40

Collections Fair Debt Collection Law Firms Banks 40