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Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. The FDCPA prohibits debtcollectors from making false or misleading representations and from engaging in various abusive and unfair practices.
BYL Collections isn’t a household name, but it collects for several businesses across multiple industries. Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998. The agency specializes in consumercollections, commercial collections, and medical device recovery.
The appeal arose from a lawsuit brought by two Florida homeowners (“Debtors”) against their home loan servicer (“Servicer”) for alleged violations of the FDCPA and Florida’s ConsumerCollection Practices Act. After defaulting on their home loan, a foreclosure suit was instituted. See Consumer Fin. to be paid in one year.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Some consumers reported facing homelessness because of the negative impact of an eviction on their credit history reported by debtcollectors.
Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair DebtCollection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumercollection process. See Avila , 817 F.3d 3d at 76-77. The issue in Ho v.
Financial institutions, servicers, lenders, and debtcollectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debtcollection.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Department of Veterans Affairs, and the Federal Housing Finance Agency extended their foreclosure-related eviction moratoria until September 30.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. For more information, click here.
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