Collection Companies Debt collector Financial services 
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. CFPB Looks at Medical Debt, Student Loans and So Much Data Medical debt wasnt the only focus for the Consumer Financial Protection Bureau in Q4.
Consumer Financial Services Law
FEBRUARY 11, 2018
Dunn Eighteen years ago, the Seventh Circuit crafted “safe harbor” language which, if used, shielded debt collectors from liability under 15 U.S.C. Section 1692g requires debt collectors to disclose, among other information, the “amount of the debt” a consumer owes. By Zachary K. A recent decision, Boucher v.
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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.
True Accord
JUNE 19, 2020
By transitioning to digital communication channels, innovative debt collection companies have a clear picture of each interaction a consumer has with their service. At TrueAccord 95% of accounts are resolved through self-service. Analyzing and improving consumer engagement.
Better Credit Blog
APRIL 1, 2022
Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. The truth is, debt collectors actually have a set of rules they have to follow when attempting to collect on a debt.
True Accord
FEBRUARY 3, 2022
So any lending company with investors will need to have a reserve for losses that shows up in their balance sheet. Depending on market conditions and actual loss rates, these reserves can be adjusted upward or downward periodically to ensure what is commonly referred to in financial services as “safety and soundness”.
Troutman Sanders
MAY 2, 2023
However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. 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.
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