Collection Industry News

MAY 15, 2025

Debt collectors working for the schemes operators and their affiliated companies have sent consumers deceptive warning and collection letters or called them directly, claiming that consumers owed a debt of some kind and threatening legal action, wage garnishment, negative impacts to consumers credit, and even arrest if they dont pay.

Consumer Credit 40

Consumer Credit Garnishment Law Firms Collections 40

Taurus Collect

JUNE 16, 2024

Why Compliance and Regulations Matter in UK Lending Understanding the importance of compliance and regulations in debt collection is crucial for debt collecting companies in the UK. They oversee debt collecting companies to ensure fair treatment of customers.

Lender 69

Lender Collections Collection Agencies Collections Agency 69

Collection Industry News

MARCH 7, 2022

More than half of the debt that appears on credit reports as being in collection stems from medical bills, the agency found. Unpaid medical bills became a bigger concern during the pandemic, and now, a federal consumer agency is considering whether those debts should be banned from consumer credit reports.

Collection Agencies 52

Collection Agencies Collections Agency Lender Medical Bills Collections 52

Troutman Sanders

MAY 2, 2023

Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Government Money Market Fund.”

Financial services 52

Financial services Trade Government Consumer Credit 52

Troutman Sanders

JULY 11, 2023

The CFPB further alleged that the defendants made guarantees about lowering consumers’ credit card interest rates. The defendants also pitched a credit card debt elimination service, and alleged that they could access funds from the government or from a lawsuit against the credit card industry to pay off consumers’ credit card debt.

Financial services 40

Financial services Student loans Student Loans Credit Card Debt 40

Collection Industry News

JANUARY 13, 2025

Atrium Health the unit of Advocate Health that operates in the four southern states is run by a local government authority in Charlotte, North Carolina. In 2017, Carolinas Healthcarepaid $6.5mto resolve allegations that the system had defrauded the US government by overcharging Medicare and Medicaid for urine drug tests.

Healthcare 40

Healthcare Judgment Government Garnishment 40