Account Recovery

JANUARY 15, 2025

A District Court judge in Florida has denied a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act and the Florida Consumer Collections Practices Act in a ruling that seems potentially problematic in terms of the definition of debt collector and when a debt is in default.

Debt collector 130

Debt collector Fair Debt Collection Consumer Collections Collections 130

American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.

Commercial Collection 200

Commercial Collection Collection Agencies Collections Agency Collections 200

Account Recovery

DECEMBER 10, 2021

A District Court judge in Florida has denied a defendant’s motion to dismiss a class-action after it was sued for violating the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, and the Florida Consumer Collection Practices Act for making calls to the plaintiff’s cell phone and leaving voicemails using pre-recorded (..)

Fair Debt Collection 246

Fair Debt Collection Consumer Collections Collections 246

Account Recovery

JULY 19, 2022

CLASS-ACTION ACCUSES COLLECTOR OF VIOLATING FDCPA, FCCPA BY ADDING ‘ILLEGAL’ COLLECTION FEE A class-action lawsuit has been filed against a collection agency, accusing it of violating the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act because it allegedly added an “illegal” collection fee that represented (..)

Fair Debt Collection 246

Fair Debt Collection Collection Agencies Collections Agency Consumer Collections 246

Nexa Collect

JULY 13, 2021

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time. An experienced collection agency that has extensive experience in commercial collections is a perfect choice. Need a cost-effective Collection Agency?

Collection Agencies 130

Collection Agencies Collections Agency Construction Collections 130

Account Recovery

AUGUST 29, 2022

The Connecticut Department of Banking has revoked the consumer collection agency license and imposed a fine of $100,000 on a collection agency for failing to provide information requested during an examination, which rendered the state unable to determine the financial responsibility and general fitness of the operation that it could operate soundly (..)

Collection Agencies 244

Collection Agencies Collections Agency Consumer Collections Banks 244

Account Recovery

MARCH 29, 2022

A District Court judge in Florida has denied a defendant’s motion for summary judgment while partially granting and partially denying a similar motion from the plaintiff in a Florida Consumer Collection Practices Act case over alleged attempts to collect a debt after the plaintiff had filed for bankruptcy protection and allegedly notified the (..)

Bankruptcy 246

Bankruptcy Judgment Consumer Collections Collections 246

Account Recovery

DECEMBER 10, 2021

Judge Denies MTD in FDCPA, TCPA Class Action; Lawmakers Making Waves Over Student Loans appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Loans Fair Debt Collection 246

Account Recovery

JULY 6, 2022

The Connecticut Department of Banking has levied a $10,000 fine against a company for operating as a consumer collection agency in the state without obtaining the proper license. A copy of the ruling in the matter against Lockhart, Morris & Montgomery can be accessed by clicking here.

Collection Agencies 246

Collection Agencies Collections Agency Consumer Collections Banks 246

Account Recovery

MARCH 29, 2022

Judge Denies Defendant’s MSJ in FCCPA Case; Ignite! Attendees Share Best Ideas appeared first on AccountsRecovery.net.

Judgment 235

Judgment Consumer Collections Collections 235

Account Recovery

DECEMBER 7, 2023

A collection operation has agreed to pay a $10,000 fine to the Connecticut Department of Banking for operating in the state without the proper license to collect. The Background: The company operated in Connecticut as a licensed consumer collection agency from 2010 through 2018, when its license expired.

Collections 130

Collections Collection Agencies Collections Agency Consumer Collections 130

Account Recovery

AUGUST 31, 2023

The Connecticut Department of Banking has reduced the fine against a law firm that was operating in the state without a consumer collection agency license to $20,000 from $100,000, largely on the basis that the law firm is no longer in business. A copy of the order with the Law Offices of David M. Katz […]

Law Firms 130

Law Firms Collections Collection Agencies Collections Agency 130

American Profit Recovery

APRIL 9, 2021

The debt collection industry is a necessary component of the US economy. Part of our economic machine here in this country is proper access to credit for consumers. Why is the debt collection industry so important? Every product or service has a cost associated with it to get it into a consumer’s hands.

Consumer Credit 157

Consumer Credit Collections Debt collector Collection Agencies 157

American Profit Recovery

NOVEMBER 2, 2022

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy.

Collections 130

Collections Collection Agencies Collections Agency Debt collector 130

Account Recovery

JANUARY 20, 2025

Judge Grants MTD in FDCPA Case Over ID Theft A District Court judge in Illinois has granted a defendants motion to dismiss a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing after alleging violations related to a disputed debt originating from identity theft. million consumers. More details here.

Loans 130

Loans Fair Debt Collection Collections Collection Agencies 130

Account Recovery

MAY 29, 2024

A District Court judge in Florida has granted a defendant’s motion for summary judgment in a class-action lawsuit involving alleged violations of the Fair Debt Collection Practices Act and the Florida Consumer Collection Protection Act.

Fair Debt Collection 147

Fair Debt Collection Judgment Consumer Collections Collections 147

American Profit Recovery

NOVEMBER 23, 2022

This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. The debt collection industry helps larger organizations keep costs down and keeps the workforce employed. The debt collection industry touches just about everyone.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

JANUARY 28, 2021

The Eleventh Circuit Court of Appeals has upheld the summary judgment ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act because of alleged misrepresentations made by another entity that was collecting on the defendant’s behalf.

Fair Debt Collection 147

Fair Debt Collection Judgment Consumer Collections Collections 147

Account Recovery

JUNE 24, 2021

A District Court judge in Florida has granted a defendant’s motion for summary judgment on most of the claims in a lawsuit accusing it of violating the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act by misrepresenting that the collector was an attorney and by using obscene and profane language during … (..)

Fair Debt Collection 147

Fair Debt Collection Judgment Consumer Collections Collections 147

Qualco

APRIL 15, 2024

THE NEW ERA OF CONSUMER LENDING In today ’ s rapidly evolving financial landscape, the significant increase in consumer lending presents new challenges for financial institutions, particularly in managing collections.

Financial Institution 97

Financial Institution Collections Debt Recovery Unsecured Debt 97

FFGN COLLECT NY

DECEMBER 15, 2021

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products.

Debt collector 98

Debt collector Collections Fair Debt Collection Collection Agencies 98

Account Recovery

JANUARY 27, 2025

More details here.

Fair Debt Collection 130

Fair Debt Collection Debt collector Judgment Consumer Collections 130

Katabat

DECEMBER 2, 2019

SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. The post Katabat Platform to Support SoFi Ominchannel Personal Loan Collections appeared first on Katabat. WILMINGTON, Del., has selected Katabat as its technology partner.

Personal loans 78

Personal loans Loans Collections Debt Management 78

Jimerson Firm

DECEMBER 14, 2021

Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. Fair Debt Collection Practices Act. A person attempting to collect his or her “own” debt, is not a debt collector under the FDCPA. See Stanley v.

Debt collector 105

Debt collector Fair Debt Collection Consumer Collections Legal Rights 105

Credit Management Company

JANUARY 25, 2022

Business to business debt collection can be hard to understand at first. Check out this guide on who should use commercial debt collections. Even when you try to send customer debt collection requests, they have fallen on black days. Even when you try to send customer debt collection requests, they have fallen on black days.

Commercial Collection 52

Commercial Collection Collections Collection Agencies Collections Agency 52

Troutman Sanders

OCTOBER 10, 2023

The Connecticut Banking Commissioner (Commissioner), acting through the Consumer Credit Division of the Department of Banking (the Division), conducted an investigation into the Law Offices of David M. The firm allegedly collected about $81,000 of that amount. The firm had 14 days to request a hearing, but failed to do so.

Banks 52

Banks Collections Collection Agencies Collections Agency 52

FFGN COLLECT NY

MAY 17, 2023

Legislative changes affecting consumer collections for tuition recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). As a result, the law specifies documents required to file a consumer debt collection case in New York. Instead, you can list them as zero balance.

Collections 52

Collections Original Creditor Creditors Consumer Credit 52

Account Recovery

OCTOBER 9, 2023

A District Court judge in Illinois has denied a healthcare provider’s motion to dismiss a claim it violated the Illinois Consumer Fraud and Deceptive Business Practices Act (ICFA) and a collection agency’s motion to strike class allegations it violated the Fair Debt Collection Practices Act in a debt parking case on a medical debt.

Fair Debt Collection 130

Fair Debt Collection Healthcare Collection Agencies Collections Agency 130

FFGN COLLECT NY

MAY 17, 2023

Legislative changes affecting consumer collections for consumer credit transactions recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). As a result, the law specifies documents required to file a consumer debt collection case in New York.

Consumer Credit 52

Consumer Credit Collections Original Creditor Creditors 52

FFGN COLLECT NY

NOVEMBER 24, 2021

There are a number of new developments in New York State legislation that will change New York debt collection law and likely impact your receivables and collection claims, and ultimately your bottom line. There is one change that is most significant and, if you are working with consumers, will directly affect you.

Third-party Debt Collectors 52

Third-party Debt Collectors Collections Debtor Debt collector 52

Debt RR

SEPTEMBER 9, 2020

Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How Small Businesses Proceed with Collections.

Collection Agencies 57

Collection Agencies Collections Agency Collections Debt collector 57

Better Credit Blog

FEBRUARY 18, 2021

When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How Does BYL Collection Services Work? BYL Collections isn’t a household name, but it collects for several businesses across multiple industries.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

Jimerson Firm

FEBRUARY 22, 2024

The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. These lawsuits are typically based upon an allegedly improper 3-day notice sent to a tenant/debtor.

Debtor 59

Debtor Lawyers Consumer Collections Legal Rights 59

Jimerson Firm

NOVEMBER 20, 2023

The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. 17) relating to emails for collecting debt. In collecting consumer debts, no person shall: (17) Communicate with the debtor between the hours of 9 p.m. Section 559.72(17) Section 559.72(17) Prohibited practices generally. —In

Debtor 59

Debtor Construction Consumer Collections Lawyers 59

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

Collection Industry News

DECEMBER 19, 2023

The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. WASHINGTON, D.C. – Read today’s order.

Third-party Debt Collectors 40

Third-party Debt Collectors Collections Debt collector Fair Debt Collection 40

Collection Industry News

SEPTEMBER 23, 2020

Section 1692(f) of the FDCPA prohibits a debt collector from using unfair or unconscionable means to collect any debt, and enumerates specific examples of prohibited conduct. Among other things, the term “debt collector” does not include “any person collecting or attempting to collect any debt owed or due. 15 U.S.C.A.

Collections 40

Collections Debt collector Fair Debt Collection Loans 40