Troutman Sanders

OCTOBER 7, 2020

New Mexico’s Attorney General Hector Balderas announced on September 29 that his office has filed three lawsuits against debt collection companies. In his statement , Balderas explained that these lawsuits are part of a larger “crackdown” aimed at educating consumers and eliminating abusive debt collection practices within the state.

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National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Compare Costs.

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Debt Recoveries

JUNE 11, 2023

To guarantee that everyone is on the same page with regard to payment expectations, clearly explain these terms to your consumers through written agreements or terms of trade documentation. This entails carrying out rigors credit checks, which may entail examining bank statements, trade references, and credit reports.

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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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UK debt collections

JUNE 21, 2022

In total, 11,007 small, medium and large companies across 15 industry sectors participated in the research. International Debt Collection. Companies in the UK have been long faced with the challenge of recovering debts from overseas.

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Collection Industry News

MAY 10, 2023

As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. The Federal Trade Commission works to promote competition and protect and educate consumers. ICR), officer Richard Diorio, Jr.,

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Taurus Collect

JULY 14, 2022

However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. Here are a few primary resources that a debt collection agency uses to find people: Information on your credit application. Data aggregators.

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True Accord

FEBRUARY 3, 2022

Peer benchmarking can be difficult for Fintech and other young lenders who often don’t have a base of publicly traded competitors who must report these key metrics in shareholder reports, but there are some consortium groups that can help ( Auriemma Roundtable Group ).

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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.

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Taurus Collect

JUNE 5, 2019

So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. A lot of collection agencies set-up then disappear within a year or 2. Obviously these are very untrustworthy collection agencies!

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Debt Recoveries

DECEMBER 6, 2020

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally. Are they stable?

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Credits Inc

SEPTEMBER 20, 2019

7,837 debt collection companies. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. In addition to complying with these standards, a collection and recovery agency also needs to abide by the Fair Trade Collection Practices Act (FDCPA).

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Better Credit Blog

APRIL 1, 2022

Harassing calls from a debt collection company tends to trigger a range of unpleasant emotions, from anxiety, fear, anger, frustration, and beyond. The truth is, debt collectors actually have a set of rules they have to follow when attempting to collect on a debt.

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Collection Industry News

JANUARY 19, 2021

Twenty-five have been subject to legal enforcement or consumer alerts, many by the CFPB and the Federal Trade Commission. Giving these companies government money was a terrible idea,” said Don Yarbrough, a lawyer in Fort Lauderdale, Fla., who represents debtors in collection cases. They don’t need government assistance.”.

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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. Nocera is fighting in court to get his money returned, Greenman said. million to settle the case.

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FDCPA Defense

FEBRUARY 20, 2012

The Bureau estimates that this will bring approximately 175 entities, or the largest 4 percent of consumer collection firms, within the definition. So this means that the other 96 percent of consumer debt collection companies can just ignore this and go back to sleep, right? Federal Trade Commission , 430 F.3d

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Collection Industry News

SEPTEMBER 8, 2020

Such measures are to push debtors close to the dead-end and, despite having no assets, they must borrow or seek money, even by breaking laws to escape the pressure from debt collecting companies. As a result, they have to create other business models, other disguised activities to continue to collect debts for customers.

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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.

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UK debt collections

NOVEMBER 13, 2020

Any Professional Debt Collection Agency will be: Professional and competent. Have a proven track record and years of active trading history. Ok let us create a typical scenario that is acted out every week by unsuspecting Business owners looking for a cheap debt collection solution. Company X is owed £10,000 by a contractor.

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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. Bella was also permanently banned from the debt collection industry. Assistant U.S.

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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

state banking regulators dropped a lawsuit, seeking to block the federal government from granting bank charters to fintech companies after the company that was first in line modified its business plan. The company agreed to an order, requiring substantial changes in its operations that would benefit small- and mid-sized businesses.

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Collection Industry News

JANUARY 13, 2025

The industry trade journal Beckers Hospital Review recently elevated Advocate to No 4 on itsrankings of the nations largest hospital chains, up from No 7 earlier this year. The costs of care Advocate Health controls 69 hospitals and 1,000 other care sites in six states serving 5.4

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