American Profit Recovery

APRIL 9, 2021

That company may determine that issuing credit to certain customers is not a good idea and they could pull back, which may not be attractive to certain consumers. Hiring a collection agency as a next move. Some restrictions can reduce credit to consumers. Collection laws and regulations are in place for a reason.

Consumer Credit 154

Consumer Credit Collections Debt collector Collection Agencies 154

Consumer Financial Services Law

MARCH 22, 2021

Because the Rule now addresses communications regarding dead consumers, it’s important to review skip trace policies and ensure policies are in place which will provide the debt collector with ample information as to the deceased consumer’s estate. Debt Validation Notice. Location Information.

Debt collector 40

Debt collector Collection Agencies Collections Agency Collections 40

Better Credit Blog

FEBRUARY 18, 2021

BYL Collections isn’t a household name, but it collects for several businesses across multiple industries. Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998. The agency specializes in consumer collections, commercial collections, and medical device recovery.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

FDCPA Defense

FEBRUARY 20, 2012

Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debt collectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debt collector in the country. The answer may depend on who you ask.

Debt collector 40

Debt collector Law Firms Lawyers Collections 40

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This order was extended until December 31, 2020.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Troutman Sanders

JULY 7, 2021

Federal Activities: On July 1, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new complaint bulletin covering several areas of concern on relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium. For more information, click here.

Financial services 52

Financial services Financial Institution Student Loans Student loans 52

FDCPA Defense

AUGUST 16, 2012

If you are a collection professional working for a creditor, debt buyer, collection agency or collection law firm, and you have not yet added the website for the Consumer Financial Protection Bureau (CFPB) to the favorites on your web browser, it is high time that you do so.

Collections 40

Collections Fair Debt Collection Law Firms Banks 40

Troutman Sanders

AUGUST 2, 2021

On July 15, the Connecticut Department of Banking fined a collection agency, after finding it had allegedly operated without proper licensing for about seven years. As part of the application process, the state conducted an investigation into the agency’s activities, which led to the Department of Banking’s finding.

Financial services 52

Financial services Foreclosure Student Loans Student loans 52

Troutman Sanders

JUNE 28, 2021

On June 25, multiple collection agencies and other plaintiffs filed suit in the U.S. The new law, Nevada Senate Bill 248, requires debt collectors to provide medical debtors with a 60-day notice of placement or assignment before the debt collector takes any action to collect a medical debt.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52