Account Recovery

OCTOBER 8, 2021

The Federal Trade Commission announced yesterday that it is returning nearly $800,000 to consumers who were victimized by Hylan Asset Management and its owners, which collected $24 million during the four years it was allegedly buying and selling fake debt portfolios.

Collections 246

Collections Trade 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.

Banks 240

Banks Fair Debt Collection Debt collector Collections 240

Account Recovery

APRIL 22, 2021

The Federal Trade Commission yesterday announced it is returning more than $4 million to 10,000 individuals who were scammed by a debt collector more than five years ago.

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Collections Debt collector Trade 200

Account Recovery

NOVEMBER 5, 2024

The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers.

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Debt collector Fair Debt Collection Collections Agency Collection Agencies 130

Account Recovery

FEBRUARY 5, 2025

The Court of Appeals for the Eleventh Circuit has affirmed a lower court’s ruling for the plaintiffs in a Fair Debt Collection Practices Act case over convenience fees, ruling loan servicers are prohibited from charging anything not expressly authorized by the underlying agreement or permitted by law.

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Loans Debt collector Fair Debt Collection Trade 130

Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.

Student Loans 246

Student Loans Student loans Trade Government 246

Account Recovery

APRIL 19, 2022

The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act.

Fair Debt Collection 246

Fair Debt Collection Trade Collections 246

Account Recovery

DECEMBER 14, 2021

The remaining defendants in a lawsuit filed by the Federal Trade Commission have reached a settlement, under which they will be permanently banned from participating in the collection industry as well as surrender funds in a number of bank accounts and the title to a Mercedes as part of a $12 million judgment that has … The post Collectors Banned (..)

Trade 245

Trade Judgment Banks Collections 245

Account Recovery

DECEMBER 5, 2024

of the booklet brings several important updates for banks under OCC supervision, but these changes also carry implications for entities beyond traditional OCC-regulated institutions, such as debt collection agencies and fintech firms. Version 1.1

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Collections Agency Collection Agencies Trade Banks 130

Account Recovery

MARCH 11, 2025

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers. For many retirees, who often live on a fixed income, its a real challenge to pay down debt without significant trade-offs.

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Credit Card Debt Credit Unions Credit Unions Debt Buying 130

Fico Collections

MARCH 17, 2021

Trade-based money laundering (TBML) is a growing risk, as seemingly legitimate transactions are exploited by criminal groups to launder funds and finance terrorist activity. However to set a context, we must first answer the question – what is trade-based money laundering? Efforts to Combat Trade-Based Money Laundering”.

Trade 98

Trade Government 98

Account Recovery

APRIL 21, 2021

Companies are using AI to help identify which accounts to contact and when to contact them and using algorithms to help them make more decisions and handle more collection inquiries. The Federal Trade Commission dropped another … The post FTC Issues Warning About Avoiding Racism When Using AI appeared first on AccountsRecovery.net.

Accounts Receivables Management 234

Accounts Receivables Management Trade Collections 234

Account Recovery

NOVEMBER 30, 2020

A $24 million judgment has been entered against a collection agency and one of the agency’s co-owners has been ordered to divest himself of his ownership stake in the company that purchased the collection agency in question after it was accused by the Federal Trade Commission of collecting on “phantom” payday loans, “purported” (..)

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Collections Agency Collection Agencies Judgment Collections 147

Fico Collections

MARCH 24, 2021

In part 1 of the series on trade-based money laundering (TBML) , we established a definition of the term, explored some recent studies and highlighted some typical techniques employed by the criminals. must report potentially suspicious activity (including trade-related transactions) to FinCEN. Financial institutions in the U.S.

Trade 98

Trade Financial Institution Banks Education 98

Account Recovery

FEBRUARY 24, 2022

… The post Banking Groups File Brief in Appeals Court Case over FDCPA Convenience Fees appeared first on AccountsRecovery.net.

Banks 245

Banks Fair Debt Collection Debt collector Trade 245

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.

Debt collector 68

Debt collector Debt Recovery Collections Agency Collection Agencies 68

Account Recovery

AUGUST 23, 2023

The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

Student Loans 246

Student Loans Student loans Loans Education 246

Account Recovery

MARCH 23, 2021

Both the Federal Trade Commission and the Consumer Financial Protection Bureau fulfilled their Congressional mandate in recent days by summarizing how both agencies administered and enforced the Fair Debt Collection Practices Act.

Fair Debt Collection 246

Fair Debt Collection Trade Collections 246

Account Recovery

OCTOBER 12, 2020

A District Court judge in Maine has granted a trade association’s motion for judgment after it sued the state for enacting laws that governed how, among other things, medical debts are reported to credit reporting agencies by collection agencies. A copy of the ruling in the case of Consumer Data Industry Association v.

Collections Agency 246

Collections Agency Collection Agencies Trade Judgment 246

Account Recovery

AUGUST 1, 2024

A District Court judge in Nevada has blocked the Federal Trade Commission’s attempt to use the Fair Debt Collection Practices Act to collect on a judgment against a defendant in an enforcement action, who was found liable by a judge back in 2013 for $1.5 The Background: Back in 2011, the FTC accused a […]

Judgment 130

Judgment Fair Debt Collection Collections Trade 130

Account Recovery

OCTOBER 1, 2020

On Monday September 29, 2020, the Federal Trade Commission (FTC) along with State and Federal Law Enforcement Partners announced, Operation Corrupt Collector, a nationwide law enforcement and outreach initiative to protect consumers from phantom debt collection and abusive and threatening debt collection practices.

Collections 147

Collections Debt collector Trade 147

Account Recovery

DECEMBER 14, 2021

COLLECTORS BANNED FROM INDUSTRY IN SETTLEMENT WITH FTC The remaining defendants in a lawsuit filed by the Federal Trade Commission have reached a settlement, under which they will be permanently banned from participating in the collection industry as well as surrender funds in a number of bank accounts and the title to a Mercedes as … The post (..)

Trade 242

Trade Banks Collections 242

Account Recovery

NOVEMBER 16, 2021

A plaintiff has lost his battle to keep his lawsuit against a debt collector in state court, ruling that the plaintiff’s “explicit” allegations of violations of both the Fair Debt Collection Practices Act and the Federal Trade Commission Act, as well as his demand for damages under both of those statutes require that the case … (..)

Fair Debt Collection 245

Fair Debt Collection Debt collector Trade Collections 245

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

FEBRUARY 21, 2025

The interplay and overlap between the Fair Credit Reporting Act and the Fair Debt Collection Practices Act can be very confusing when it comes to the word, “dispute.” The claims mentioned are accusations and should be considered as such until and unless proven otherwise. Learn more.

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Fair Debt Collection Trade Collections 130

Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. Written Notices sent by a Collection Agency.

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Collections Agency Collection Agencies Collections Debt collector 130

Account Recovery

JANUARY 8, 2025

The case, filed in the Eastern District of California, centers on allegations that the credit reporting agencies conspired to restrain trade in violation of federal and state antitrust laws. Judge Daniel J.

Healthcare 130

Healthcare Debt collector Trade Consumer Credit 130

Account Recovery

JANUARY 27, 2023

A bill is being circulated in the Colorado legislature — which is also backed by the state’s Attorney General — that would cap the interest rate on medical debt, establish requirements on medical debt payment plans, and make violations of surprise or balance billing laws a deceptive trade practice, among other provisions.

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Collections Trade Healthcare 130

Account Recovery

APRIL 27, 2023

The post Enforcement Action Bans Pair From Collection Industry appeared first on AccountsRecovery.net.

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Collections Trade 130

Account Recovery

NOVEMBER 30, 2020

FTC Secures $24M Judgment Against Collection Agency; Appeals Court Affirms Ruling in FDCPA Class Actio appeared first on AccountsRecovery.net.

Collections Agency 147

Collections Agency Collection Agencies Judgment Collections 147

UK debt collections

APRIL 15, 2024

INSOLVENCY activity has again increased in the south east, according to the UK’s insolvency and restructuring trade body. R3 figures showed a rise in this activity from 246 in February to 261 in March, remaining consistent with the 12-month high of 277 in March 2023.

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Trade Creditors 88

Account Recovery

APRIL 4, 2024

A bill has been introduced in the Colorado legislature that would make it an unfair or deceptive trade practice for a debt collector or collection agency to take any legal action on a debt unless it has purchased complete ownership or the debt. The bill is an attempt to reform the hospital and healthcare industry […]

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Healthcare Debt collector Collections Collections Agency 130

FFGN COLLECT NY

OCTOBER 11, 2024

Properly naming a non-paying client is of the utmost importance in New York debt collection. Similarly, if you are dealing with a company that uses a trade name, it is very important to find out the legal name of the company before filing suit. Yet, many companies do not always register their trade names. Parsons the individual.

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Collections Trade Judgment 52

Account Recovery

JUNE 6, 2023

AMSTERDAM, June 6, 2023 — Atradius Collections has acquired Pro Kolekt group and expanded its presence to 40 countries in line with their mission to support their customers growth, wherever they trade in the world, by delivering local expertise in receivables management.

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Acquisition Collections Trade 130

Account Recovery

OCTOBER 8, 2024

Pennsylvania Attorney General Michelle Henry has filed a lawsuit against Jason Michael Fullmer, a chiropractor based in Mechanicsburg, accusing him of misleading patients about insurance coverage and resorting to debt collection tactics when patients failed to pay out of their own pockets. Learn more.

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Collections Trade Healthcare 130

Account Recovery

AUGUST 28, 2020

FTC FILES SUITS AGAINST ALLEGED DEBT COLLECTION SCAMMERS A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits have been, (..)

Fair Debt Collection 189

Fair Debt Collection Trade Collections 189

Account Recovery

SEPTEMBER 30, 2020

The Federal Trade Commission yesterday announced the launch of Operation Corrupt Collector, a “crackdown” on collection operations that engage in abusive or harassing practices while also attempting to collect on debts that do not exist.

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Trade Collections 189