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A state Appeals Court in California has upheld a ruling from a lower court compelling a debtcollector to comply with a subpoena it received from four District Attorney’s offices in the state investigating the collector’s compliance with the Rosenthal Fair Debt Collection Practices Act and the Telephone Consumer Protection Act.
A ruling that should have every debtcollector going through their insurance policies to make sure they have the proper coverage … The Court of Appeals for the Eighth Circuit has affirmed a lower court’s ruling in favor of an insurance company that was being sued by a law firm that was accused of violating … The post Appeals Court (..)
The Consumer Financial Protection Bureau today announced that a medical debtcollector — Commonwealth Financial Systems in Pennsylvania — is being shut down for failing to conduct reasonable investigations and failing to inform the credit reporting agencies that debts were being disputed by consumers.
The Department of Financial Protection and Innovation in California has issued a consumer alert, notifying the public that The Offices of Morgan and Moss is “holding itself out as a legitimate debtcollector” in California, and is using “threatening and abusive tactics to coerce consumers to make payments on ‘debts’ that (..)
Do you know the truth about debtcollectors? Do you feel you know what a collector does? Collectors and consumers can have cordial and productive discussions. In many cases a conversation between a debtcollector and the consumer is respectful and at the same time productive. Are we proud of what we do?
By Georgia: As a debtcollector, I look forward to coming to work every day. American Profit Recovery has opened my eyes to what it truly means to be a debtcollector, as well as what an important job it is. Being a DebtCollector is not just about collecting money. Yes, you read that correctly.
A debt collection company based in Atlanta and its owners have been permanently banned from the industry and will pay $266,000 out of a $3 million penalty under the terms of a settlement announced by the Federal Trade Commission, which had sued the company and its owners for threatening to have consumers arrested and imprisoned … The post Debt (..)
By Delaney: DebtCollectors are faced with many hurdles when trying to contact consumers to pay on past due balances. If you’ve made it to this blog, you are in the right place to get started understanding more about what debt collections at American Profit Recovery is really about.
Companies that collect medical debt were put on notice yesterday by the Consumer Financial Protection Bureau to make sure that the debts they are trying to collect are not prohibited under the recently enacted No Surprises Act.
A class action lawsuit has been filed in North Carolina federal court against a hospital network and the collection agency it uses, accusing them of violating state law in North Carolina as well as the Fair Debt Collection Practices Act by overcharging him for a visit to the emergency room and using “aggressive, manipulative, and … The (..)
The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay a fine of $41,500.
If you are a consumer, struggling with debt, you should know that not only can debtcollectors help you navigate a challenging financial situation, but you can also have a positive experience and favorable outcome. Gone are the days when collectors just got on the phone and demanded full payment. But you must be honest.
in Student Loans; CFPB Warns Medical DebtCollectors appeared first on AccountsRecovery.net. NAVIENT TO CANCEL $1.8B IN STUDENT LOANS UNDER DEAL WITH STATE AGS A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7
There are countless myths about debtcollectors and the debt collection industry as a whole. Debt collections in many circumstances can be a complex situation for both the business trying to recover money and the consumer trying to navigate financial difficulty. Debtcollectors cannot harass you endlessly or at all.
Never be apprehensive or afraid to communicate with a professional debtcollector. Professionally trained collectors are there to help you navigate the complexities of outstanding debt. Here’s a few tips from our debt collection experts on how consumers can improve communication with debtcollectors.
The Consumer Financial Protection Bureau is back with another blog post warning consumers about unfair debt collection practices, this time surrounding being contacted while at work. This follows a post from a couple of weeks ago about junk fees that can be assessed by debtcollectors.
A District Court judge in California has denied a defendant’s argument that it does not meet the definition of a debtcollector under the Fair Debt Collection Practices Act and ruled that the plaintiff’s claims can proceed. However, Judge Marilyn L. Learn more.
The FTC’s complaint also highlights that the defendants used unlawful and abusive methods, including harassing phone calls made to consumers’ family members, threats of arrest, and failing to disclose their identity as debtcollectors.
The big picture: The Consumer Financial Protection Bureau and Indian Health Service issued new guidance last week emphasizing the responsibilities of medical providers, billers, and debtcollectors under the Indian Health Care Improvement Act (IHCIA), the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act.
Collectors must also not misrepresent the status or amount of the debt, even when insurance may still be applied to the balance. The plaintiffs in this suit argue that these changes are not only legally unfounded but also present significant operational burdens for medical debtcollectors. Judge Dabney L.
Judge Grants MJOP For Defendant in FDCPA Case Over Whether Calls Were Convenient Maryland Regulator Settles With DebtCollectors Side Hustles Helping Consumers Make Ends Meet 29 Companies Seeking Collection Talent WORTH NOTING: Five features on Spotify that you should be using more … The Federal Reserve Board has released the results of a survey (..)
The Attorney General of New York yesterday announced that a financial institution will pay $700,000 in fines and penalties for illegally freezing customer accounts and sending debtcollectors tens of thousands of dollars that should have been protected or exempt from garnishment.
A District Court judge in West Virginia has denied a motion to dismiss filed by a credit union that is facing a class-action lawsuit for violating the West Virginia Consumer Credit and Protection Act by charging a $5 fee to make payments over the telephone, ruling the credit union is a debtcollector under the […]
A Magistrate Court judge in Utah has partially granted a plaintiff’s motion to compel several collection operations to comply with subpoenas in a Fair Debt Collection Practices Act case in which the defendants are attempting to argue they do not meet the statute’s definition of a debtcollector.
Getting to Know Matt Jubenville of Midland Credit Management Passive Debt Buyer Meets Definition of DebtCollector Under FDCPA, Indiana State Law, State Appeals Court Rules Medical Debt Credit Reporting Bill Advances in Illinois Senate Employers Need Education on Student Loan Garnishments PRA Group Appoints Glenn Marino to Board of Directors WORTH (..)
CFPB Supervisory Highlights Spotlight Issues with DebtCollectors Report Calls Out AI Tool for Lying About Being Human Appeals Court Rules Defendant Can Refuse to Pay Arbitration Fees 22 Companies Seeking Collection Talent WORTH NOTING: The social etiquette surrounding large groups splitting the check at a restaurant … Tips to keep dogs from (..)
Collector Sued for Keeping Consumer on Phone After Attorney Representation Notification Judge Remands Hunstein Class Action for Lack of Standing Medical Debt Linked to Delays in Getting Help for Depression, Anxiety House Report on AI Includes Interview with DebtCollector WORTH NOTING: A massive IT outage is taking out businesses all over the country (..)
A Magistrate judge in Texas has recommended that a Fair Debt Collection Practices Act case against a first-party debtcollector be dismissed because the plaintiff did not do enough to argue that the defendant meets the definition of debtcollector under the statute. A copy of the ruling in the case of Demarquis v.
Before uncovering what is believed to be the first lawsuit alleging a debtcollector violated Regulation F, I came across another complaint which references the debt collection rule, but, in this case, the alleged illegal activity took place before the rule went into effect.
Congress made a mistake when it drafted Section 1692c(b) of the Fair Debt Collection Practices Act, which prohibits communicating information about a debt with third parties because the way the statute is written, “there would be no corporate debtcollectors because debtcollectors would violate the FDCPA ever single time they communicated about (..)
The Maryland Department of Labor’s Office of Financial Regulation has announced a settlement with a number of companies now owned by the Bank of Missouri for not being properly licensed in the state to provide retail credit services and for engaging in unlicensed and unregulated debt collection activities.
The Consumer Financial Protection Bureau today announced it was beginning the rulemaking process to remove medical debts from consumers’ credit reports, removing the “leverage” that debtcollectors use to “pressure” consumers into repaying unpaid medical debts.
Getting a call from a debtcollector about medical costs can feel like it’s making a painful situation worse. Don’t pay just to make it go away. Know your rights and check the facts.
Three Oklahoma men and their companies have been permanently barred from debt collection activities after running a fraudulent scheme targeting servicemembers, veterans, and seniors.
Three Oklahoma men and their companies have been permanently barred from debt collection activities after running a fraudulent scheme targeting servicemembers, veterans, and seniors.
You can say a lot of things about the Consumer Financial Protection Bureau, but one thing you can’t say is that they keep you in the dark about what they are thinking and the issues that matter to them. One of the ways they keep the credit and collection industry updated is by publishing summaries […]
A Magistrate Court judge in Nevada has partially granted a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case — but only on the grounds that there are no genuine issues of material fact that the plaintiff is a consumer, the defendant is a debtcollector, and the debt in question …
Complaints about debtcollectors filed by consumers with the Consumer Financial Protection Bureau increased 10% in 2020 compared with 2019, ranking the industry only behind credit or consumer reporting in terms of the total number of complaints that were filed last year, a year in which the total number of complaints increased by 54%.
Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debtcollectors — the Federal Communications Commission and the Federal Trade Commission.
A proposed settlement has been reached between the Consumer Financial Protection Bureau and a debtcollector it sued back in 2019 that will see the collector and its owner pay a fine of $850,000, update its policies and procedures with respect to reporting debts to credit bureaus, and ensure the accuracy of accounts on which … The post Collector (..)
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