True Accord

JANUARY 21, 2025

The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. What Does This Mean for Debt Collection? The challenges will be effectively engaging consumers who want to repay and accommodating their strained budgets.

Student Loans 104

Student Loans Student loans Credit Card Debt Financial Institution 104

Collection Industry News

JANUARY 19, 2021

Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post.

Debt collector 40

Debt collector Lender Collections Loans 40

Troutman Sanders

MAY 2, 2023

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here.

Financial services 52

Financial services Trade Government Consumer Credit 52

Burt and Associates

OCTOBER 31, 2024

Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. Rental Debt 1.2.1 Introduction and Spotlight on Medical and Rental Debt 1.1

Collections 52

Collections Debt collector Education Fair Debt Collection 52