Remove Debt collector Remove Financial services Remove Lawyers
article thumbnail

What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

If the individual owner or tenant owes the receivable and you seek payment from the individual through a debt collector , the CFPB will have a watchful eye. What is the Consumer Financial Protection Bureau? The CFPB determines how, where, and when you can pursue debt collection efforts against your consumer customer.

article thumbnail

Debt Collectors Behaving Badly: A Guide to UK Consumer Rights

Taurus Collect

Understanding your rights as a consumer is crucial when dealing with debt collectors. Unfortunately, many UK consumers are unaware of their legal protections and end up feeling intimidated or helpless when faced with aggressive debt collection tactics. Legitimate collectors should readily provide this information.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Q1 Industry Insights: Started Strong, But “Considerable Turbulence” Leaves Consumers on Edge

True Accord

Second, is a 2025 Order released this past February aiming to strengthen call blocking of illegal calls, which may result in the blocking of lawful debt collection calls and texts. Get Your Lawyer on Speed Dial. Consumer Sentiment The Feds March Survey of Consumer Expectations showed that inflation expectations increased by 0.5%

article thumbnail

Best Practices for Call Baiting in Debt Collection

PDC Flow

Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Industry Misperceptions Some debtors have never spoken to a collector before. Train your debt collectors.

article thumbnail

Debt Collectors, Payday Lenders Collected Over $500 Million In Federal Pandemic Relief

Collection Industry News

Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post. Giving these companies government money was a terrible idea,” said Don Yarbrough, a lawyer in Fort Lauderdale, Fla.,

article thumbnail

Recent Trends and Common Allegations in FCCPA Litigation

Jimerson Firm

Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. Consumer Class Action Lawsuits One of the biggest trends we have seen is consumer lawyers taking a singular violation of the FCCPA and alleging the violation on a class-wide basis.

Debtor 59
article thumbnail

$225,000 Punitive Damages Award Upheld Where Creditor Repeatedly Contacted Customer After Being Notified of Attorney Representation

Troutman Sanders

The defendant offered a “pause” program that allowed the plaintiff to suspend service for up to nine months at a cost of $5 per month, which the plaintiff accepted. Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt.