Account Recovery

DECEMBER 10, 2020

The Consumer Financial Protection Bureau yesterday announced it had filed a lawsuit against a debt collector, accusing it of violating the Fair Debt Collection Practices Act and Consumer Financial Protection Act by sending collection letters using the letterheads of its clients — district attorneys’ offices — to collect on outstanding (..)

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Debt collector Fair Debt Collection Collections 246

Account Recovery

DECEMBER 16, 2024

Native American communities are disproportionately impacted by medical debt, with systemic billing and reimbursement issues leading to wrongful collections and credit reporting that violate federal law. By the numbers: Zoom in: Missteps in the PRC billing process often result in delayed payments or wrongful collections.

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Debt collector Fair Debt Collection Collections Healthcare 130

Account Recovery

MARCH 21, 2022

A state Appeals Court in California has upheld a ruling from a lower court compelling a debt collector to comply with a subpoena it received from four District Attorney’s offices in the state investigating the collector’s compliance with the Rosenthal Fair Debt Collection Practices Act and the Telephone Consumer Protection Act.

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Debt collector Fair Debt Collection Collections Banks 246

Account Recovery

NOVEMBER 22, 2024

The Consumer Financial Protection Bureau yesterday announced in a court filing that it has agreed to postpone the effective date of its controversial medical debt collection guidance from December 3, 2024, to January 2, 2025. Learn more.

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Collections Debt collector Healthcare 130

Account Recovery

NOVEMBER 18, 2024

In a development first announced by ACA International, the New York City Department of Consumer and Worker Protection (DCWP) has proposed an amendment to its new debt collection regulation.

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American Profit Recovery

JULY 9, 2021

Do you know the truth about debt collectors? Do you feel you know what a collector does? Oftentimes we find that many people are unaware of certain facts about the collection industry and are even surprised when they learn more about the industry and the people that represent that industry.

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Debt collector Collections Collection Agencies Collections Agency 240

American Profit Recovery

SEPTEMBER 27, 2024

By Delaney: Debt Collectors are faced with many hurdles when trying to contact consumers to pay on past due balances. Many of these hurdles come from pre-conceived notions about what it means to have an account sent to collections, or to be contacted by a collection agency.

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Debt collector Collection Agencies Collections Agency Education 198

Account Recovery

DECEMBER 26, 2024

While the package tackles various digital safety issues, one law stands out for debt collection professionals: S5703B/A1035B, which bans the use of social media platforms for debt collection. Kathy Hochul this week signed a sweeping package of bills to enhance consumer data protection in New York into law.

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Collections Debt collector 130

Account Recovery

OCTOBER 21, 2024

ACA International on Friday sent out an alert to its members letting them know that the association, on behalf of one of its members, has filed a lawsuit seeking to block the enactment of debt collection rules that are slated to go into effect in New York City in December.

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Debt collector Collections Fair Debt Collection Collection Agencies 130

American Profit Recovery

MAY 16, 2022

By Georgia: As a debt collector, I look forward to coming to work every day. American Profit Recovery has opened my eyes to what it truly means to be a debt collector, as well as what an important job it is. Being a Debt Collector is not just about collecting money. Yes, you read that correctly.

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Account Recovery

DECEMBER 16, 2024

Proposed amendments to New York Citys rules governing debt collection have drawn significant scrutiny from trade groups outside the collection industry, most notably the American Financial Services Association (AFSA), which submitted a comment letter last week regarding the proposed amendments.

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Debt collector Collections Financial Institution Creditors 130

Account Recovery

SEPTEMBER 29, 2021

A debt collection company based in Atlanta and its owners have been permanently banned from the industry and will pay $266,000 out of a $3 million penalty under the terms of a settlement announced by the Federal Trade Commission, which had sued the company and its owners for threatening to have consumers arrested and imprisoned … The post Debt (..)

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Debt collector Trade Collection Companies Collections 238

Account Recovery

JANUARY 14, 2022

Companies that collect medical debt were put on notice yesterday by the Consumer Financial Protection Bureau to make sure that the debts they are trying to collect are not prohibited under the recently enacted No Surprises Act.

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Debt collector Collections 246

American Profit Recovery

MAY 15, 2024

If you are a consumer, struggling with debt, you should know that not only can debt collectors help you navigate a challenging financial situation, but you can also have a positive experience and favorable outcome. Gone are the days when collectors just got on the phone and demanded full payment.

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Debt collector Collection Agencies Collections Agency Collections 202

Account Recovery

NOVEMBER 12, 2024

A Maryland Appeals Court has vacated the dismissal of a class-action complaint accusing a healthcare provider of violating state collection law, ruling that the common law litigation privilege does not shield debt collectors from liability under the Maryland Consumer Debt Collection Act (MCDCA) and the Maryland Consumer Protection Act (MCPA).

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Account Recovery

FEBRUARY 23, 2022

A class action lawsuit has been filed in North Carolina federal court against a hospital network and the collection agency it uses, accusing them of violating state law in North Carolina as well as the Fair Debt Collection Practices Act by overcharging him for a visit to the emergency room and using “aggressive, manipulative, and … The (..)

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 243

UK debt collections

MARCH 5, 2025

Bristol based debt recovery business which didnt hand over money is shut down An Insolvency Service investigation found that Encore Capital Group Inc Ltd trading as Encore Debt Recovery failed to fully hand over the money it collected it has been revealed. Have you been the victim of Scam Debt Collectors?

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Debt collector Debt Recovery Collection Agencies Collections Agency 68

Account Recovery

AUGUST 13, 2021

The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay a fine of $41,500.

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Debt collector Fair Debt Collection Collections 246

Account Recovery

NOVEMBER 18, 2024

Granted, this appears to be available in England only for now, and it’s intended to fight fraud and scams, but it’s likely only a matter of time before it makes its way westward to the United States and could possibly be deployed against collection calls. Its secret weapon?

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Debt collector Collections 246

Account Recovery

OCTOBER 29, 2024

One of the arguments made by the defendant in the motion to dismiss was that the plaintiff was not licensed as a debt collector in Florida and thus unable to pursue claims of repayment. The judge disagreed with the plaintiff that the underlying debts were owed by a consumer, which would then require the defendant to obtain a license.

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Healthcare Debt collector Collections 130

Account Recovery

MARCH 4, 2025

Don’t look now, but there was an enforcement action involving a debt collection company announced by a federal regulator. The claims: The complaint accuses the defendants of multiple illegal practices. First, they allegedly misrepresented themselves as attorneys or members of a law firm.

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Account Recovery

JANUARY 16, 2025

Key trends: The debt collection industry is undergoing a period of substantial transformation, according to a report released yesterday by TransUnion. The rise of AI and machine learning: Debt collection companies are increasingly leveraging artificial intelligence (AI) and machine learning (ML) to enhance productivity.

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Collections Debt collector Collection Companies 130

Account Recovery

NOVEMBER 27, 2024

The consent order, which is pending court approval, includes significant relief for affected borrowers, canceling over $1 million in illegal loans, some of which had been placed with a collection agency and already collected.

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American Profit Recovery

MAY 23, 2024

There are countless myths about debt collectors and the debt collection industry as a whole. Debt collections in many circumstances can be a complex situation for both the business trying to recover money and the consumer trying to navigate financial difficulty. Can a business pursue additional legal action?

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Debt collector Collection Agencies Collections Agency Fair Debt Collection 154

American Profit Recovery

MAY 2, 2023

If you have an outstanding debt and you are being contacted by a collection agency, pick up that phone, answer that e-mail or respond to that text message. You’ll start the process of getting out of debt and lower your anxiety at the same time. First, you begin the process of getting out of debt. Pick up the phone.

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Debt collector Collection Agencies Collections Agency Collections 179

Account Recovery

FEBRUARY 20, 2025

The guide is focused on the state’s Exempt Income Protection Act (EIPA), a law designed to ensure that debt collectors cannot freeze or seize essential funds from consumers, leaving them unable to meet basic living expenses. Attorney General James’s office has been proactive in enforcing these protections. Learn more.

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Account Recovery

JUNE 8, 2021

By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt collectors working medical debt accounts to … The post Maryland (..)

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Account Recovery

JANUARY 13, 2025

A District Court judge in Arizona has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff failed to sufficiently establish the defendant’s status as a “debt collector” under the statute and did not plead adequate facts to support the alleged violations.

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Debt collector Fair Debt Collection Original Creditor Creditors 130

Account Recovery

SEPTEMBER 23, 2024

The Consumer Financial Protection Bureau on Friday turned its spotlight on the risks of attempting to collect on unpaid medical bills from surviving spouses, highlighting potential legal violations by collectors who may ignore legal nuances. The Bureau is now warning that this can constitute a violation of both state law and the FDCPA.

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Collections Debt collector 243

Account Recovery

NOVEMBER 2, 2020

Here are some reactions to the Consumer Financial Protection Bureau’s debt collection rule from lawmakers and consumer advocates “As working families struggle to pay for food, housing, and other necessities, debt collectors are flooding the courts with collection lawsuits and reporting record profits.

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Collections Debt collector 246

Account Recovery

DECEMBER 23, 2020

A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado. A copy of the complaint in the case of Zachary Waite and Cathy Wood-Sullivan v.

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Collection Agencies Collections Agency Collections Healthcare 244

Account Recovery

FEBRUARY 17, 2021

STUDENT LOAN COLLECTION BILL INTRODUCED IN COLORADO Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

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Student loans Student Loans Loans Fair Debt Collection 246

Account Recovery

AUGUST 31, 2021

The Maryland Court of Appeals — the top court in the state — has broadly interpreted a state debt collection law allowing plaintiffs to accuse collectors of violating one of the law’s provisions in instances where the collector attempts to collect amounts that “the debt collector, to its knowledge, does not have the right to (..)

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Collections Debt collector 246

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.

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Debt collector Fair Debt Collection Consumer Collections Collections 130

Account Recovery

OCTOBER 12, 2021

Individuals in Georgia are three times more likely to file a complaint with the Consumer Financial Protection Bureau about a debt collector than residents living in other states, according to an analysis that was conducted and released yesterday by LendingTree.

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Collections Debt collector 240

Account Recovery

MARCH 21, 2022

Appeals Court Upholds Subpoena for Collector; How Reg F Has Changed Collections appeared first on AccountsRecovery.net.

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Fair Debt Collection Debt collector Collections 246

American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make.

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Collection Agencies Collections Agency Collections Debt collector 231