Debt collector Legal Collections Trade 
Collection Industry News
NOVEMBER 25, 2024
The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions. The case will be decided by the court.
Collection Industry News
OCTOBER 12, 2020
The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L. We will continue to monitor the financial marketplace, as well as consumer complaints received, in order to ensure that we identify and take action against debt collectors who are violating the law.”.
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True Accord
MAY 26, 2022
This follows the September 2020 Federal Trade Commission (FTC) initiative “ Operation Corrupt Collector ” to protect consumers. Contacting to Collect Via Social Media. As of November 30, 2021, debt collectors can now contact consumers on social media.
Collection Industry News
DECEMBER 4, 2022
Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said. Keep good records of past debts.
Burt and Associates
OCTOBER 31, 2024
After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit. For debt collection agencies, this means more business—and potentially more consumer complaints.
Burt and Associates
OCTOBER 31, 2024
After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit. For debt collection agencies, this means more business—and potentially more consumer complaints.
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