Collections Credit Unions Foreclosure 
Account Recovery
FEBRUARY 24, 2025
Appeals Court Reverses Arbitration Ruling for Defendant in Collection Case A New Jersey Appeals Court has overturned a lower courts ruling in favor of a defendant that had granted arbitration in a collection lawsuit more than a year after the complaint had been filed and litigated. More details here.
Jimerson Firm
FEBRUARY 10, 2022
The first consideration that lenders (banks and credit unions alike) often face is when, and if, to conclude that the account owner does not intend to, or is not able to, clear the negative balance or loan deficiency. Charging Off” Uncollectable Debt. Ocwen Loan Servicing, LLC, 8:14-CV-3214-T-35MAP, 2015 WL 12938920, at *1 (M.D.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Collection Industry News
MAY 18, 2021
Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. 2547, the Non-Judicial Foreclosure Debt Collection Clarification Act, which would reverse the unanimous decision made by the Supreme Court of the United States (SCOTUS) in 2019.
Credit Corp
AUGUST 23, 2021
Adverse Action Notices and Credit Score Reason Codes. Under the Fair Credit Reporting Act , anyone who uses information from your credit report to deny you credit or services has to tell you in writing. You might also talk to your bank or credit union about available loans that would be looked upon more favorably.
Collection Industry News
MARCH 15, 2021
The DFPI is aggressively exercising its new authority to regulate a large group of newly covered financial services, including debt collectors, credit reporting and credit repair agencies, debt relief agencies and others. Consumers can reach the DFPI at (866) 275-2677 or Ask.DFPI@dfpi.ca.gov.
Better Credit Blog
AUGUST 21, 2020
There are a lot of factors affecting your credit score , with some carrying more weight than others. Debt collections. Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. If you have any collections accounts on your report, negotiate a pay-for-delete agreement.
Collection Industry News
JULY 6, 2021
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB has the authority to supervise large banks, thrifts, credit unions with assets over $10 billion, and certain nonbanks for compliance with Federal consumer financial law. Examiners found foreclosure issues. important; padding-bottom:1em!important;
Expert insights. Personalized for you.
130 
Let's personalize your content