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 153

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

Collection Industry News

SEPTEMBER 2, 2024

The Fair Debt Collection Practices Act (FDCPA) serves as a foundational piece of legislation protecting consumers from abusive debt collection practices. For businesses looking to streamline their debt collection process, adhering to FDCPA guidelines is essential for long-term success.

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Nexa Collect

JUNE 25, 2023

The professional life of a debt collector involves communicating with individuals and businesses to collect payments on overdue bills, loans, or other financial obligations. Communication Skills : Debt collectors need excellent communication skills to effectively convey information and negotiate with debtors.

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Debt collector Debtor Fair Debt Collection Education 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

Account Recovery

NOVEMBER 1, 2024

What’s happening: The CFPB and CMS reiterated the protections for QMBs and warning healthcare providers, Medicare Advantage plans, and debt collectors about the legal consequences of improper billing and collection practices.

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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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Account Recovery

AUGUST 26, 2024

The background: The case arose from an attempt to collect a debt owed by the plaintiff, who had defaulted on a loan that was later purchased by the defendant, a debt buyer. The debt buyer referred the plaintiff’s account to a collection law firm to pursue legal action. The ruling: In this ruling, Judge Anthony J.

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Law Firms Fair Debt Collection Collections Judgment 130

Account Recovery

SEPTEMBER 24, 2024

For plaintiffs suing collectors for violating the Fair Debt Collection Practices Act, that usually means money. Judges want to see that whatever harm was done to a plaintiff caused that individual some form of financial loss, whether it’s paying a debt or making a payment on a debt or something else.

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Collections Fair Debt Collection Debt collector 237

Account Recovery

DECEMBER 16, 2022

Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action first appeared on AccountsRecovery.net. The post Daily Digest – December 16.

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Fair Debt Collection Collections Debt collector 246

Account Recovery

NOVEMBER 18, 2024

A District Court judge in Maryland has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act lawsuit after it was accused of not responding to a validation request from the consumer, pointing out that the defendant doesn’t necessarily have to respond, as long as it doesn’t attempt to collect on the debt.

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Account Recovery

NOVEMBER 20, 2024

ACA International and Collection Bureau Services, Inc., The plaintiffs claim the CFPB’s guidance fundamentally changes the rules around medical debt collection without due process. “The CFPB deprived Plaintiffs and the American public of this right when it issued the Advisory Opinion.” ” Learn more.

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Debt collector Healthcare Fair Debt Collection Collections 130

Better Credit Blog

AUGUST 31, 2020

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. Table of Contents.

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Debt Free Colorado

FEBRUARY 21, 2022

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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Account Recovery

FEBRUARY 23, 2022

A bill has been introduced in Congress that would expand the Fair Debt Collection Practices Act to cover small business debts in order to protect those companies from “harassment” by third-party debt collectors, according to the bill’s sponsor.

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Third-party Debt Collectors Fair Debt Collection Debt collector Collections 246

Nexa Collect

JUNE 24, 2023

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Collection Industry News

NOVEMBER 25, 2024

The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions.

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Nerd Wallet

FEBRUARY 18, 2022

What is a debt collector? A debt collector is a person, agency or company responsible for collecting money owed, usually on a past-due account. The article What Is a Debt Collector? Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn.

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Debt collector Third-party Debt Collectors Fair Debt Collection Creditors 98

Account Recovery

JANUARY 17, 2022

When is a communication from a debt collector not an attempt to collect a debt? If it says so in a letter to an attorney representing a consumer, is that enough?

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Fair Debt Collection Collections Debt collector Judgment 246

Account Recovery

SEPTEMBER 14, 2020

Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C. appeared first on AccountsRecovery.net.

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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

Account Recovery

OCTOBER 24, 2024

A Magistrate Court judge in California has denied a plaintiff’s motion to compel the defendant to produce information related to its debt collection activities, ruling that the requests were too broad and not proportional to the needs of the case. The ruling: Judge Barbara L.

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Collections Fair Debt Collection Judgment Debt collector 130

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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Account Recovery

DECEMBER 2, 2024

NYC Amends Collection Regulation to Clarify Debt Collection Definition Includes Creditors 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. More details here.

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Account Recovery

MAY 15, 2023

A Magistrate Court judge in Nevada has partially granted a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case — but only on the grounds that there are no genuine issues of material fact that the plaintiff is a consumer, the defendant is a debt collector, and the debt in question …

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Fair Debt Collection Debt collector Judgment Collections 246

Account Recovery

AUGUST 27, 2024

A District Court judge from the District of Columbia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were insufficient to meet the legal standards required under the FDCPA. The background: Back in 2020, the plaintiff purchased a vehicle.

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Account Recovery

NOVEMBER 21, 2024

The plaintiff claimed that this late-hour email violated both the FDCPA and the Florida Consumer Collection Practices Act (FCCPA), which restrict communications with consumers outside certain hours. Specifically, under both acts, a debt collector may not communicate with a consumer between 9 p.m.

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Account Recovery

JUNE 30, 2021

This includes debt collectors and their compliance with the Fair Debt Collection Practices Act, which … The post CFPB Releases Supervisory Highlights, Spotlight Issues Found During Examinations of Collection Operations appeared first on AccountsRecovery.net.

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Account Recovery

OCTOBER 2, 2020

The second time before the Ninth Circuit Court of Appeals turned out to be the charm for a debt collector that was accused of violating the Fair Debt Collection Practices Act by attempting to collect more than what was owed after a hospital made a billing error.

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Fair Debt Collection Collections Debt collector Judgment 241

Account Recovery

NOVEMBER 29, 2024

A collection operation is being accused of violating the Fair Debt Collection Practices Act and Regulation F by continuing to attempt to collect on a debt after the plaintiff communicated his intention not to repay it in a text message to the defendant. Learn more.

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Fair Debt Collection Debt collector Collections 130

Account Recovery

DECEMBER 15, 2020

Debt collectors, for as long as the Fair Debt Collection Practices Act has been in effect, have had rules about when it is ok and when it is not ok to speak with consumers.

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Fair Debt Collection Collections Debt collector 246

Account Recovery

NOVEMBER 16, 2021

Judge Denies Plaintiff’s Motion to Remand FDCPA Case; Bank Settles Collection Call Lawsuit For $3.5M appeared first on AccountsRecovery.net.

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Banks Fair Debt Collection Debt collector Collections 240

Credit Management Company

FEBRUARY 23, 2021

Now, there are additional steps you must add to your debt collection practices. Late last year, the Consumer Financial Protection Bureau (CFPB) announced the Final Rule that debt collectors must follow under the Fair Debt Collection Practices Act (FDCPA). Include the right to dispute the debt.

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Account Recovery

SEPTEMBER 17, 2024

A medical debt collection agency is facing a Fair Debt Collection Practices Act and Fair Credit Reporting Act lawsuit in the District Court for the Central District of California after being accused of engaging in unlawful debt collection and inaccurate credit reporting practices.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 130

Account Recovery

SEPTEMBER 9, 2022

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of the Fair Debt Collection (..)

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Fair Debt Collection Debt collector Collections 246

Account Recovery

OCTOBER 4, 2024

A collector is being sued in Missouri federal court for allegedly violating the Fair Debt Collection Practices Act because it failed to identify itself as a collector in a text message sent to the plaintiff and failed to send a validation notice, among other claims. It will be interesting to see how it proceeds.

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Troutman Sanders

MARCH 15, 2021

Madeleine Dean (D-PA) introduced a bill, the Fair Debt Collection Practices for Servicemembers Act (H.R. 1491), proposing to amend two sections of the Fair Debt Collection Practices Act (FDCPA or the Act) — namely Section 805 of the FDCPA (15 U.S.C. 1692c) and Section 808 of the FDCPA (15 U.S.C.

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