Account Recovery

FEBRUARY 24, 2025

District Court for the Eastern District of Texas granted the CFPBs unopposed motion for a 90-day stay in the litigation filed by Cornerstone Credit Union League and Consumer Data Industry Association (the Plaintiffs). More details here. In an alarming trend, we are seeing more consumer actions being brought for abandoned litigation.

Debt Buying 130

Debt Buying Debt collector Credit Unions Credit Unions 130

Troutman Sanders

SEPTEMBER 8, 2023

Mountain America Federal Credit Union , the plaintiff became delinquent on a credit card account with her credit union. The credit union then assigned the debt to a third-party collection agency. In Hansen v. A copy of the order is available here.

Original Creditor 59

Original Creditor Collection Agencies Collections Agency Credit Unions 59

Troutman Sanders

AUGUST 19, 2020

The DCLA exempts banks and credit unions from the licensure requirement while authorizing DBO to bring enforcement actions against such entities for violating existing fair debt collection laws to which they are already subject.

Credit Unions 59

Credit Unions Credit Unions Collections Fair Debt Collection 59

Credit Corp

AUGUST 24, 2020

In addition to requesting a written validation notice from the collector, verify with your state attorney general’s office or the Better Business Bureau that the collection agency is legitimate. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Negotiating Medical Debt.

Collections 69

Collections Debt collector Collection Agencies Collections Agency 69

Better Credit Blog

AUGUST 31, 2020

They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. They are notoriously difficult to work with, and their presence on your credit report can mean trouble for your score in the long run.

Third-party Debt Collectors 52

Third-party Debt Collectors Debt collector Original Creditor Creditors 52

Troutman Sanders

JANUARY 9, 2024

The debt collector claimed that they were only responsible under the law when they intended to say something false. The debt collector’s argument is wrong,” the CFPB remarked in its blog. “As The CFPB goes on to say that “[t]his interpretation has been upheld by numerous courts, and it is what Congress clearly intended.”

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Better Credit Blog

SEPTEMBER 4, 2020

If you have heard from a debt collector called Rausch Sturm, you are probably being pursued for an old debt. You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf.

Debt collector 52

Debt collector Collections Credit Unions Credit Unions 52