Account Recovery

FEBRUARY 24, 2025

California Appeals Court Reverses Judgment in Debt Buyer Case A California Appeals Court has reversed a lower courts ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA). More details here.

Debt Buying 130

Debt Buying Debt collector Credit Unions Credit Unions 130

Nexa Collect

JUNE 18, 2023

Compliance with Laws and Regulations : Medical collection agencies must comply with various laws and regulations such as the Fair Debt Collection Practices Act (FDCPA) which sets standards for how debt collectors must conduct themselves.

Collection Agencies 130

Collection Agencies Collections Agency Collections Healthcare 130

Collection Industry News

DECEMBER 19, 2023

Commonwealth’s actions violated the Fair Credit Reporting Act because the company failed to conduct reasonable investigations of disputed debts and failed to inform consumer reporting companies that certain information was being disputed.

Third-party Debt Collectors 40

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

FFGN COLLECT NY

DECEMBER 12, 2023

The attorney or debt collector must explicitly identify the debt collection activities allowed by the Fair Debt Collection Practices Act. In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case.

Debtor 52

Debtor Debt collector Debt Buying Original Creditor 52

Collection Industry News

DECEMBER 25, 2023

The first action violated the Fair Credit Reporting Act and the second violated the Fair Debt Collection Practices Act, the bureau said.

Collection Agencies 40

Collection Agencies Collections Agency Collections Fair Debt Collection 40