Account Recovery

JANUARY 29, 2025

The Court of Appeals for the Seventh Circuit has overturned a lower court’s ruling in favor of the defendant in a Fair Debt Collection Practices Act case, ruling that the defendants lack of knowledge about a prior dispute did not absolve it of its obligations under the FDCPA.

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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). WHAT THIS MEANS, FROM AYLIX JENSEN OF MOSS & BARNETT: OnFebruary 6, the U.S. More details here.

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Collection Industry News

AUGUST 18, 2020

The Consumer Financial Protection Bureau (CFPB) should ensure its debt collection rulemakings do not extend unwarranted regulatory requirements to first-party debt collectors, CUNA wrote Tuesday in response to a CFPB proposal.

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Collections Debt collector Credit Unions Credit Unions 75

Troutman Sanders

JANUARY 6, 2023

15, 2022, the Federal Financial Institutions Examination Council’s (FFIEC) Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation, Regulation F. A copy of the revised procedures can be accessed by clicking here. FFIEC is a U.S.

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Troutman Sanders

AUGUST 19, 2020

In a 9-3 vote earlier this month, the California Assembly Banking and Finance Committee approved legislation requiring a license for debt collectors and debt buyers, entitled the Debt Collection Licensing Act (SB 908) (DCLA).

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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. Creating a Debt Management Plan.

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Collections Debt collector Collections Agency Collection Agencies 69

Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. 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. How to Remove ConServe from Your Credit Report.

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