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.

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Firms

DECEMBER 6, 2016

So here are some tips and tricks that can save you some serious money and keep you away from a Debt Collection Company this X-Mas and New Year Season: Set an Affordable Budget for Spending. But debt can get you in bigger trouble personally and the thought of it lingers in your mind that fades the happiness of the festivities.

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Consumer Financial Services Law

FEBRUARY 11, 2018

Hence, if you pay the amount shown above, an adjustment may be necessary after we receive your check, in which event we will inform you before depositing the check for collection. After Miller , many debt collection companies began including this or similar language in communications with debt collectors. Miller , 214 F.3d

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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”.

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True Accord

DECEMBER 7, 2021

The CFPB is doing a good job recognizing that consumers want a change, so they are forcing collection companies to innovate or get out. So now, financial services, and yes, the collection process, which touches millions of consumers each year, needs to become simple, convenient, intuitive, personalized and ultimately, low effort. .

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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. Knowing Your FDCPA Rights. Unfortunately, a lot of people who get these calls just don’t understand their rights.

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Debt RR

OCTOBER 13, 2019

Businesses can attempt to collect debt internally, putting a lot of time and resources into establishing processes and procedures, or they can use a debt collection agency that already has these processes in place. Using a debt collection company saves time and money, but what are some of the ways they can help a business?

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Collection Industry News

JANUARY 19, 2021

Two of the largest debt collectors, Encore Capital Group and Portfolio Recovery Associates, have been seeing significant increases in collections, according to their quarterly financial statements. We have continued to generate unprecedented cash collections,” Portfolio Recovery Associates said in a recent financial statement. “We

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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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Troutman Sanders

JULY 11, 2023

On July 6, the Federal Trade Commission (FTC) announced that, in cooperation with the state of Florida, it will send refunds to consumers nationwide allegedly defrauded by a telemarketing financial services company, and related companies, into paying for credit card interest rate reduction and debt elimination programs.

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Troutman Sanders

JANUARY 20, 2022

On January 10, the CFPB announced that it sued several debt-collection companies and their owners for illegal debt-collection practices. The CFPB alleges that the defendants placed consumer debt with, or sold consumer debt to, collection companies that used unlawful and deceptive collection tactics.

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