Collection Companies Judgment Trade 
Troutman Sanders
DECEMBER 7, 2020
Midwest Recovery Systems (“Midwest Recovery”), a debt collection company, must cease its alleged debt-parking practices, delete all reported debts, and surrender its remaining assets in partial payment of a $24.3 million monetary judgment, under a stipulated order filed by the Federal Trade Commission (“FTC”) last week.
Credit Management Company
JULY 14, 2021
Preferred Collection and Management Services, Inc. and what it could mean for the debt collection industry. The debt collection company electronically sent the following information to its third-party vendor: The consumer’s name and address. Here’s a review of that case, Hunstein v. Background on This Case. Balance owned.
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Collection Industry News
JUNE 14, 2021
Here are snapshots of some other cases against debt collectors in Western New York that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade: Douglas MacKinnon. A judgment of $22.5 million judgment to resolve a lawsuit filed by the FTC and attorney general.
Better Credit Blog
APRIL 3, 2022
Having a debt collection company on your credit report could pull down your credit score by as much as 100 points — if you had excellent credit to begin with. The Federal Trade Commission (FTC) could levy fines against debt collectors that violate your rights. Have a Professional Remove the Portfolio Recovery Collection.
Collection Industry News
SEPTEMBER 8, 2020
Meanwhile, debt recovery companies often run the business by all possible methods, whether legal or not, to achieve the purpose with costs as a percentage of the recovered amount. Especially, at the stage of judgment execution, debtors must have assets to obey the Court’s judgement. of these people.
Troutman Sanders
MAY 2, 2023
On April 27, Federal Trade Commission (FTC) Chair Lina M. The proposed bill, which has bipartisan support, additionally implements stipulations governing the sale, storage, and trading of digital assets. On April 26, the FTC, the commonwealth of Pennsylvania, and debt collection company International Credit Recovery, Inc.
Collection Industry News
JUNE 14, 2021
Welcome to the world of illegal debt collections. Here are snapshots of some cases against debt collectors that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade. In recent years, authorities have either fined, seized or issued judgments totaling $120.4
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