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Compliance Digest – February 24

Account Recovery

Washington Senate Committee Advances Medical Debt Collection Bill A Senate committee in the Washington state legislature has advanced a medical debt collection bill that could significantly change how medical debt is reported and enforced. More details here.

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Can I Sue a Company for Sending Me to Collections?

Credit Corp

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. Find out more about what the law says about your rights when it comes to protecting your credit history. It happens.

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How Renting Can Impact Your Credit

Credit Corp

Renting a home, apartment or town house can affect your credit in a number of ways. It’s increasingly common for credit reporting agencies to include positive rental history in consumer credit reports. Having good credit can help you rent an apartment, and paying rent on time can help you build good credit.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, Colorado Governor Jared Polis signed SB93 into law.

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Is The CFBP's Position On Credit Reporting Statements Consistent With The Case Law?

FDCPA Defense

The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. Credit Bureau of Georgia, 555 F.

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What is RentGrow on My Credit Report?

Better Credit Blog

RentGrow On Your Credit Report. RentGrow is an agency that obtains consumer credit reports for landlords. Both RentGrow and the credit bureaus should help you get the inaccurate entry off your report. Hard credit inquiries can impact any one of your credit scores, or all three of them. Bankruptcy.

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8 Success Tips for Debt Collection in the Pandemic

Fico Collections

Both of these factors are considered somewhat invisible to the typical credit bureau. Credit bureau data and other behavioural indicators will signpost trouble with current debt, as will the use of forward-looking analytics to detect the effect of incremental debt on default risk.