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If you or someone you know has dealt with a collectionagency, you know how trying it can be. Debtcollectionagencies have a long history of harassment and illegal practices. Can a collectionagency report to a credit bureau without notifying you? The answer might not be that simple. How to Get Help.
Debtcollectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair DebtCollection Practices Act (FDCPA), a law designed to keep third-partydebtcollectors in check when they contact you.
Department of Education’s decision to terminate its federal student loan contracts with private collectionagencies. State Activities: On December 15, the New York Department of Financial Services released a notice of proposed rulemaking (NPRM) for third-partydebtcollectors and debt buyers.
On December 22, the Federal Trade Commission (FTC) gave final approval to a settlement with a mortgage industry data analytics firm that will require the company to bolster its data security protections and oversight of its vendors to ensure third-party providers also comply with those safeguards.
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