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Supreme Court says Congress must expand debt collection law

Roths Child Law

Congress needs to enact laws expanding consumer protections against abusive debt collection, the U.S. Defendant debt collector Santander Consumer USA Holdings ultimately prevailed because it was not collecting money on behalf of a third party. Bankruptcy filings stop debt collections.

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Can a Debt Collection Law Firm Act as a Debt Collection Agency?

FFGN COLLECT NY

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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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? It does not come into play for creditors collecting their own debts.

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5 Things a Commercial Debt Collection Agency CANNOT Do to Help You

Direct Recovery

Commercial debt collection agencies can be tremendously effective partners for almost any small business that offers credit to their customers. To be perfectly honest, there is not much that a commercial debt collection agency can’t do to help improve your company’s cash flow.

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Importance Of Outsourcing Debt Collection Services

Taurus Collect

Navigating the intricate world of debt collection can be a challenging task for businesses of all sizes. That’s why outsourcing debt collection services , particularly in key areas such as Manchester, can be the game-changer your business needs.

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The Wait is Over: New York Department of Financial Services Releases Debt Collection Rule Amendments

Troutman Sanders

On December 28, 2022, the New York Department of Financial Services released its debt collection rule amendments to 23 NYCRR 1, the regulation titled “Debt Collection by Third-Party Debt Collectors and Debt Buyers.” The rule amendments are scheduled to take effect in late June 2023.

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What to Expect in New York Debt Collection Law in 2022

FFGN COLLECT NY

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. We wrote about what you need to know about the statute of limitations in New York debt collection cases.