American Profit Recovery

FEBRUARY 9, 2023

What type of training do you provide your commercial debt collectors? You’ll want to know that the commercial collection agency you choose provides ongoing and professional training for their debt collection staff and their customer service professionals.

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Commercial Collection Collection Agencies Collections Agency Collections 200

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.

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Debt collector Law Firms Lawyers Collections 40

Credit Management Company

JANUARY 25, 2022

Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. You might be wondering which restrictions apply to commercial collection firms and agents. The end-target is different.

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Commercial Collection Collections Collection Agencies Collections Agency 52

Debt RR

SEPTEMBER 9, 2020

Once you have turned over the default accounts to the agencies, they will do the collection for you. The debt collectors will then contact your B2C or B2B clients regarding their overdue payments. There are laws regulated by the Federal and state for debt collectors. Collection Rate on Successful Accounts.

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Collection Agencies Collections Agency Collections Debt collector 57

Collection Industry News

DECEMBER 19, 2023

The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. WASHINGTON, D.C. – Read today’s order. Along with the U.S.

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Third-party Debt Collectors Collections Debt collector Fair Debt Collection 40

FDCPA Defense

AUGUST 16, 2012

On February 17, 2012, the CFPB published its Proposed Rule Defining Larger Participants in Certain Consumer Financial Product and Service Markets. Entities in the debt collection market that generate $10 million in annual receipts from consumer collection activities would be deemed a “larger participant” in the market.

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Collections Fair Debt Collection Law Firms Banks 40

FDCPA Defense

FEBRUARY 1, 2018

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. See Avila , 817 F.3d 3d at 76-77.

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