Account Recovery

JANUARY 13, 2025

A District Court judge in Arizona has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff failed to sufficiently establish the defendant’s status as a “debt collector” under the statute and did not plead adequate facts to support the alleged violations.

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Debt collector Fair Debt Collection Original Creditor Creditors 130

Account Recovery

FEBRUARY 17, 2021

STUDENT LOAN COLLECTION BILL INTRODUCED IN COLORADO Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

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Student loans Student Loans Loans Fair Debt Collection 246

Account Recovery

SEPTEMBER 14, 2020

Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C. appeared first on AccountsRecovery.net.

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Student loans Student Loans Debt collector Loans 147

Account Recovery

APRIL 8, 2021

A bill has been introduced in the House of Representatives that seeks to cut off any debt collector from receiving additional funds under the Paycheck Protection Program if that collector has been found to have violated any provision of the Fair Debt Collection Practices Act by a federal agency or an action brought in a … The post Bill Introduced (..)

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Loans Fair Debt Collection Debt collector Collections 214

Account Recovery

JULY 1, 2022

Appeals Court Upholds Ruling Over Suit Filed During Pandemic; Groups Call For Extension of Student Loan Payment Pause appeared first on AccountsRecovery.net.

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Account Recovery

NOVEMBER 27, 2024

The investigation focused on the lenders’ practices of charging exorbitant interest rates on small loans, which violated Minnesota’s usury laws, and misleading consumers about their repayment obligations. A significant component of this consent order is the cancellation of all existing illegal loans made to Minnesota residents.

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Lender Collections Loans Debt collector 130

Nexa Collect

JUNE 25, 2023

The professional life of a debt collector involves communicating with individuals and businesses to collect payments on overdue bills, loans, or other financial obligations. Communication Skills : Debt collectors need excellent communication skills to effectively convey information and negotiate with debtors.

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Account Recovery

JUNE 4, 2021

Public colleges in 49 states across the country — all but Louisiana — are being called out in a report for placing unpaid debts with private collection agencies to be repaid for tuition, library fees, and parking fines, creating a “spiraling” amount of debt that former students are not able to repay, which keeps them … (..)

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Account Recovery

SEPTEMBER 10, 2024

A new study released by Intuit Credit Karma reveals that a large majority of individuals with student loans have not made any payments following the end of the pandemic moratorium and many are worried about their financial stability going forward. Learn more.

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Student Loans Student loans Loans Debt collector 130

Account Recovery

DECEMBER 2, 2024

The big picture: The financial services industry, including banks, credit unions, fintechs, and debt collectors, increasingly relies on AI for various functions, from assessing creditworthiness to customer service automation. With such reliance comes the responsibility to ensure AI is used ethically and transparently.

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Financial services Credit Unions Credit Unions Creditworthiness 130

Consumer Finance

JULY 1, 2024

The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.

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Student loans Student Loans Loans Debt collector 139

Account Recovery

JANUARY 6, 2025

Debt Collectors Cited in CFPB Post about New Junk Fee Tactics The Consumer Financial Protection Bureau has intensified its scrutiny of junk fees in the financial marketplace, with debt collectors and loan servicers squarely in the crosshairs this time. Read on to hear what the experts have to say this week.

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Consumer Finance

DECEMBER 8, 2024

The CFPB took action to address unlawful student loan debt collection practices by Performant Recovery, Inc. against defaulted borrowers.

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Student loans Student Loans Loans Debt collector 141

Debt Free Colorado

FEBRUARY 21, 2022

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

Account Recovery

JANUARY 18, 2021

The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions.

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Debt collector Lender Loans Collections 240

Account Recovery

FEBRUARY 17, 2021

Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

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Student Loans Student loans Loans Fair Debt Collection 130

Account Recovery

MARCH 14, 2024

Getting to Know Matt Jubenville of Midland Credit Management Passive Debt Buyer Meets Definition of Debt Collector 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 (..)

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Credit Management Debt collector Student loans Student Loans 147

Better Credit Blog

APRIL 4, 2022

If you are like most people, you have dealt with or are currently dealing with debt collectors. I’ve been preaching about the dangers of debt collectors for years and get countless emails from readers who end up in trouble by answering the phone when a debt collector calls. Talk to Credit Saint.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

Account Recovery

MARCH 29, 2021

A District Court judge in Delaware has dismissed a lawsuit filed by the Consumer Financial Protection Bureau that accused a student loan servicer and the debt collector it hired of engaging in deceptive collection practices, ruling that the regulator did not have the authority to file the lawsuits because it did so at a time … The post Judge (..)

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Student loans Student Loans Collections Debt collector 204

Account Recovery

DECEMBER 18, 2023

Bill Introduced in House to Clarify ‘Abusive’ Acts or Practices Under CFPA Millions Still Not Making Payments on Student Loans Debt Collector to Shut Down Under Enforcement Order with CFPB Compliance Digest – December 18 WORTH NOTING: The right way to clean a toilet … “Jeopardy” is back to having a single host … “Coffee (..)

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Student loans Student Loans Loans Debt collector 147

True Accord

OCTOBER 22, 2024

Coming out of Q2, total household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit. This increase showed up across debt types: mortgage balances were up $77 billion to reach $12.52 trillion, auto loans increased by $10 billion to reach $1.63

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Student loans Student Loans Loans Retail 111

Credit Corp

MAY 19, 2021

And can debt collectors actually follow you to another country? It might be tempting to leave all your debts behind. We’ll walk you through the process, as well as some alternatives, so you can make the right choices for tackling your debt. Can Debt Collectors Follow You to Another Country? According to S.

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Account Recovery

AUGUST 12, 2024

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in (..)

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Student loans Student Loans Loans Debt collector 130

Credit Corp

DECEMBER 12, 2022

Fortunately, the government has made changes in some of the rules regarding medical debt. Understanding your rights and how to deal with medical debt collectors can help reduce the number of unwanted calls you receive. No matter how big or small your medical debt is, it can impact your finances. Gather Information.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Get Help Now. Privacy Policy.

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Direct Recovery

MAY 4, 2024

Believe it or not, debt collectors can actually pull your credit report, and they don’t even need your permission to do so. Even if you work to keep up with your credit report, you might be surprised to find sudden changes that debt collectors might encounter, or even cause themselves. That is not exactly the case.

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Sawin & Shea

JULY 20, 2022

Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors. The majority of debt collectors work for reputable collection companies.

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Consumer Finance

JUNE 10, 2024

Today, the CFPB proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay.

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Account Recovery

AUGUST 12, 2024

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in (..)

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Student Loans Student loans Loans Debt collector 130

Account Recovery

FEBRUARY 18, 2025

Ocwen Loan Servicing, LLC, No. 2022): While convenience fees are not explicitly enumerated, Congress certainly did not want debt collectors to skirt statutory prohibitions through linguistic sophistry. Regardless of economic conditions, businesses that proactively refine their strategies will be best positioned for success.

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True Accord

JANUARY 21, 2025

With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administrations policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and credit card balances, which could prove challenging to household budgets.

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Student loans Student Loans Credit Card Debt Financial Institution 104

Account Recovery

AUGUST 27, 2024

In August 2022, the plaintiff alleged that the defendant, which had acquired the rights to the vehicle’s loan, began attempting to collect the debt. According to the FDCPA, a debt collector is defined as an entity whose principal purpose is to collect debts owed to another party.

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Credit Corp

AUGUST 31, 2021

Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. Can a debt collector collect after 10 years, for example? In This Piece.

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Debt collector Collections Collection Agencies Collections Agency 75

True Accord

APRIL 28, 2025

The report also showed that people are having more trouble paying off that debt, with credit card balances increasing by $45 billion to $1.21 trillion and auto loan balances increased by $11 billion to $1.66 of outstanding debt now in some stage of delinquency. Delinquency rates ticked up 0.1%

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Student loans Student Loans Loans Collections 85

Debt Guru

APRIL 12, 2020

Payday loan [p?-?d? n]: A financially detrimental debt arrangement that only benefits the lender. A payday loan is short-term credit based on a borrower’s income and credit profile. Why Should You Avoid Payday Loans? It’s no wonder these are considered predatory loans. per $100 borrowed, according to CFPB research.

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Loans Lender Credit Unions Credit Unions 98

Sawin & Shea

FEBRUARY 1, 2023

Who knows how to get debt collectors to stop calling after bankruptcy? How long after filing for bankruptcy do collectors keep calling? How to stop debt collector calls after filing for bankruptcy: Answer the calls. What if my debt cannot be discharged? Why would such a thing even happen? or after 9:00 p.m.

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True Accord

OCTOBER 10, 2023

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. trillion in student debt under the CARES Act, student loan payments resume this month. trillion in Q2, a 4.6% a year ago.

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