Consumer Financial Services Law

MARCH 27, 2018

5082, officially known as the “Practice of Law Technical Clarification Act of 2018,” to the full House of Representatives. Dunn The House Financial Services Committee voted 35-25 on March 21, 2018 to advance H.R.

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Account Recovery

OCTOBER 7, 2024

WHAT THIS MEANS, FROM JUSTIN PENN OF HINSHAW CULBERTSON: Too often the ARM industry finds itself defending federal litigation that arises out of unsuccessful state court collection lawsuits, and this case is helpful in at least two ways. First, it supports the notion that not all failed collection litigation should result in an FDCPA claim.

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Account Recovery

SEPTEMBER 9, 2024

In this case, a credit-reporting agency defending an FCRA case issued subpoenas to a consumer law firm to determine whether that firm was acting as a credit-repair organization and to learn about its process for creating and sending dispute letters on behalf of consumers. The FDCPA is a strict liability statutory law.

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FFGN COLLECT NY

JUNE 14, 2023

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially.

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Debt Free Colorado

APRIL 1, 2021

That said, let me walk you through all the elements of this particular email that tip it off as a scam: From: Sherrill Green <SherrillGreen@outlook.com> Wait, the prestigious “Webster Law Firm” doesn’t have it’s own domain and you’re using a generic outlook.com account? The Webster Law Firm.

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Public Citizen

DECEMBER 16, 2021

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission.

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Account Recovery

SEPTEMBER 26, 2024

First, Judge Nelson found that there was a genuine issue of fact as to whether the defendant regularly engages in debt collection activities, a requirement for liability under the FDCPA. The background: The defendant filed an eviction lawsuit against the plaintiff on behalf of a landlord in April 2022. Learn more.

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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. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. The bureau also specifies the behavior debt collectors can engage in.

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Credit Corp

JANUARY 21, 2021

A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Can you sue a company for sending you to collections for money you didn’t owe? Can You Sue a Company for Sending You to Collections? It happens.

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UK debt collections

FEBRUARY 9, 2022

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also. Since the beginning of commerce, people have accrued debt.

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The McHughes Law Firm

APRIL 30, 2020

By Phone (If The Firm Remains Open For Employees): You may call (501) 376-9131 and tell the receptionist you wish to make a payment. To have someone else make a payment for you, you must give verbal or written permission to the McHughes Law Firm, PLLC that the designated person has your permission to obtain your account information.

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Turbo Recovery

NOVEMBER 20, 2018

When you struggle to collect outstanding debts, you are putting a bandage over an issue that needs professional treatment. When accounts become overdue by 90 or 120 days, there is clearly a problem with the collections process. Point Law is a trusted debt recovery agency / law firm.

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Credit Corp

SEPTEMBER 12, 2023

You can remove collection accounts from your credit report by disputing inaccuracies, asking for goodwill deletions, or requesting a pay for delete agreement. Collection accounts are bad for your credit score. So if you have a debt in collections, your credit score has likely taken a dip.

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FDCPA Defense

AUGUST 19, 2013

291 (1995), lawyers have known that if they seek to collect consumer debts for clients – even when doing so through litigation – they might qualify as a "debt collector" under the Fair Debt Collection Practices Act, 15 U.S.C. Click here for more information on what constitutes a "debt" under the FDCPA.

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Turbo Recovery

JANUARY 17, 2017

The thought of chasing customers to collect the money you’re owed probably isn’t the first thought on your mind when operating a business. At Point Law, we specialize in commercial , government , and healthcare debt collections and we’re here to provide solutions to collect your unpaid invoices.

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Consumer Financial Services Law

JANUARY 23, 2017

The CFPB recently issued its third consent order involving a debt collection law firm and appears to be expanding its interpretation of “meaningful involvement”. See In the Matter of Works & Lentz, Inc., et al, File No. 2017-CFPB-0003.

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Troutman Sanders

FEBRUARY 1, 2022

District Court for the Southern District of California, granting summary judgment in favor of a debt collector in a Fair Debt Collections Practices Act (FDCPA) case. In doing so, it held that a collection letter, which indicated that the debtor could only dispute the underlying debt in writing, violated the FDCPA.

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Account Recovery

SEPTEMBER 16, 2024

Judge Dismisses 2 of 3 Claims in FDCPA Suit Over HOA Debt A District Court judge in Missouri has partially dismissed a Fair Debt Collection Practices Act lawsuit against a collection attorney, leaving only one claim to proceed while dismissing others. More details here. More details here.

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Better Credit Blog

NOVEMBER 17, 2020

Fortunately, there are a few strategies you can use to get a collections agency like MBA off your report and improve your credit score. What Is MBA Law Offices/Capio? MBA Law Offices isn’t a name you’ve likely encountered outside of your credit report, but they are a legitimate company. How Does MBA Law Offices/Capio Work?

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UK debt collections

SEPTEMBER 2, 2021

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France.

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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. See Docket No.

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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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Consumer Financial Services Law

APRIL 16, 2018

A district court has dismissed an FDCPA action based on a bona fide error after reviewing the collection firm’s extensive pre-suit procedures and determining they were reasonably calculated to avoid any errors. Guynn defaulted on his Bank of America credit card in 2013, and in 2016 the account was referred to a law firm for collection.

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Troutman Sanders

JUNE 28, 2022

The creditor referred the account to a law firm, which served the consumer with a collection suit and obtained a default judgment for the balance. The law firm sent four post-judgment collection letters, demanding the $4,225.74 In a fifth letter, it demanded a balance of $3,996.74.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. Ask Lex Law for Help.

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Collection Industry News

OCTOBER 12, 2020

The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L. We will continue to monitor the financial marketplace, as well as consumer complaints received, in order to ensure that we identify and take action against debt collectors who are violating the law.”. “We

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Collection Industry News

DECEMBER 21, 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.

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Troutman Sanders

JANUARY 18, 2021

Benjamin , Judge Schroeder, of the United States District Court for the Middle District of North Carolina, denied Higgins Benjamin, PLCC’s (“Higgins”) motion to dismiss a class action claim brought by Mark and Geneva Golden under the Fair Debt Collection Practices Act. The Court found the reasoning in Fariasantos v.

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Troutman Sanders

MARCH 12, 2025

The court order aims to halt the defendants’ alleged deceptive and abusive debt collection practices. Civil Complaint Administration, Pacific Billing Solutions, Cornerstone Legal Group, LLC, and their operators engaged in a fraudulent scheme to deceive consumers into paying debts they did not owe.

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Mich Bankruptcy Blog

APRIL 28, 2019

For many, the term “debt collection” calls to mind threatening letters and harassing, late-night phone calls. Read More › Tags: Collections , Financing , U.S. Supreme Court.

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FFGN COLLECT NY

JANUARY 13, 2021

Whether you are looking for assistance with collection efforts or want to make sure your current vendor is in compliance, you should be familiar with the laws that govern New York debt collection. New York Debt Collection Laws. Business to Business Debts.

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Consumer Finance Watch

SEPTEMBER 16, 2022

Wayne Streibich, Diana M. Eng, and Andrea M.

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Credit Corp

JUNE 3, 2020

So, what happens when you don’t pay a bill or repay a debt? The company, creditor or collection agency has legal ways to pursue payment. The judgment creditor can then use that court judgment to try to collect money from you. These laws vary. Sales proceeds are applied to your debt. Property levies.

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Consumer Financial Services Law

JANUARY 11, 2018

A New Jersey district court recently held that a debt collection letter was not false or deceptive when it included court costs in its demand for the balance. 19, 2017), the collection law firm filed a collection suit seeking recovery of the balance due ($9,971.55), plus court costs. In Saroza v.

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Consumer Finance Watch

AUGUST 19, 2022

Wayne Streibich, Diana M.

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Troutman Sanders

NOVEMBER 16, 2023

Court of Appeals for the Second Circuit issued a summary order affirming a district court’s holding that an emailed response to the plaintiff’s email did not constitute an “initial communication” under the Fair Debt Collections Practices Act (FDCPA). In Worley v. Simon, Meyrowitz & Meyrowitz, P.C. ,

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Consumer Financial Services Law

FEBRUARY 1, 2018

The Tenth Circuit has weighed in on whether a non-judicial foreclosure is debt collection activity. In response, the consumer requested validation of the debt. Instead of responding, the law firm initiated a non-judicial foreclosure. Instead of responding, the law firm initiated a non-judicial foreclosure.

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