Taurus Collect

FEBRUARY 1, 2024

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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National Service Bureau

MAY 22, 2015

It behooves debt collectors - really, anyone in accounts receivable management - to know and understand the restrictions surrounding telephone communication. Of note, the following subsections specify that up to $1500 can be awarded per charge if a court finds that a debt collector "willfully or knowingly violated" the TCPA.

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True Accord

SEPTEMBER 16, 2022

Trying to keep up with regulations in debt collection can feel overwhelming especially with new cases and federal guidance coming out regularly interpreting the law and states actively amending or creating new laws that impact debt collectors, original creditors, and current creditors.

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True Accord

NOVEMBER 20, 2023

Both the federal and DC laws permit debt collectors to communicate digitally about a consumer’s account as long as the digital communications contain clear and conspicuous opt-out language with strict penalties for failing to abide by the opt-out provisions.

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True Accord

APRIL 15, 2025

The 2025 Order may result in the blocking of lawful debt collection calls and texts. This FCC interpretation is different from the CFPBs approach in Regulation F, which prevents debt collectors from contacting a consumer in a channel after the consumer opts out of communications in that channel.

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Taurus Collect

JUNE 13, 2024

When debt collectors understand a person’s situation, they can offer better solutions. Imagine a debt collector who listens and helps rather than just demands payment. In the UK, “ no win no fee ” debt collectors are becoming more popular. Using empathy can make a big difference.

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FFGN COLLECT NY

JUNE 14, 2023

A federal law, the FDCPA governs the actions that all third-party debt collectors must take when collecting consumer debt, which includes the notice and disclosure requirements when contacting debtors, and limitations on such contact.

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Troutman Sanders

NOVEMBER 16, 2020

For debt collectors, the most notable exemption in the NPRM is allowing commercial calls made to a residence that do not involve telemarketing and use an artificial or pre-recorded voice. Lastly, the FCC sought comment on the proposed opt-out mechanism for the called party.

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Credit Corp

JUNE 3, 2020

This can include utility companies, medical professionals, cell phone service providers and auto mechanic shops. So, what happens when you don’t pay a bill or repay a debt? Educate yourself on smart ways to pay debt collectors , and consider using the services of a debt management agency. Show up and fight.

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Collection Industry News

MARCH 18, 2023

Given the level of errors, problems, and abuses by debt collectors in furnishing and resolving disputes, requiring an original creditor tradeline is a reasonable quality control mechanism,” the NCLC said.

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Debt Recoveries

APRIL 28, 2020

Trying to collect on a debt is always stressful, however, knowing that Victoria has mechanisms in place to help creditors recover debts owed can help eliminate some of that stress.

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Troutman Sanders

MAY 26, 2021

The amendments provide more clarity to creditors and debt collectors, as well as tools to avoid litigation. ” Newly added Section 46A-5-109 goes further, providing a mechanism to make an offer of judgment at least 30 days prior to trial.

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Troutman Sanders

MARCH 17, 2023

Safe Home Security is also enjoined from violating state debt collection laws, must clearly disclose if interest will compound, must not misrepresent contract terms, including provisions about cancellation rights, and must not knowingly report incorrect information to consumer reporting agencies and third-party debt collectors.

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Taurus Collect

DECEMBER 18, 2023

When a business owes another business, the owed entity may engage a commercial debt collection agency to recover the debt on their behalf. These agencies employ various strategies to recover the debt, including negotiation, mediation, or legal action. No Win, No Fee: This model offers risk-free debt recovery.

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Collection Industry News

JUNE 21, 2021

The DFPI includes oversight of debt collectors and emerging financial technology products. The California Association of Collectors Inc. Debt collectors that apply for a license before the deadline in 2021 would be allowed to operate pending the approval or denial of the application. 19, 2021.

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FDCPA Defense

JANUARY 28, 2012

How can debt collectors avoid liability for the conduct of others? For example, generally speaking, the Act applies only to “debt collectors” who regularly attempt to collect debts that are “due another.” or an assignee of a debt, as long as the debt was not in default at the time it was assigned.”).

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Taurus Collect

APRIL 9, 2024

Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection.

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Collections Law

SEPTEMBER 21, 2020

Why Should I File a Mechanic’s Lien With a Trusted Attorney? Before we can get into the risks of not filing a mechanic’s lien, it’s important to take a step back and find out why you are contemplating a mechanics lien. To be able to take advantage of this debt recovery tool you need: 1. A written contract.

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Collections Law

MARCH 8, 2021

However, the construction industry has its own unique debt collection tool on its side, and hundreds of professionals turn to mechanic’s liens every day. But who is eligible for a mechanic’s lien? For those situations where it is applicable, having the experienced collection attorneys at the Law Offices of Alan M.

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FDCPA Defense

MARCH 23, 2015

Section 1692f(8) of the FDCPA prohibits a collector from using “any language or symbol, other than the debt collector's address, on any envelope when communicating with a consumer by use of the mails or by telegram, except that a debt collector may use his business name if such name does not indicate that he is in the debt collection business.”

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Consumer Financial Services Law

MARCH 23, 2021

never participated personally in the mailing” violated § 1692e of the FDCPA where attorney had provided form letters to debt collector client which were mass-mailed to debtors with a “mechanically reproduced facsimile” of the attorney’s signature and attorney had no knowledge of plaintiff’s individual file). Jackson , 988 F.2d

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FDCPA Defense

MAY 11, 2017

Jackson, Attorney at Law, General Counsel, NCB Collection Services” – and defendant attorney’s mechanically-reproduced “signature.” Similarly, in Avila, a collection agency – not an attorney – mailed letters on an attorney’s letterhead “‘signed’ with a mechanically reproduced facsimile” of the attorney’s signature. Clomon , 988 F.2d

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Collections Law

JUNE 15, 2020

The purpose of this legal debt recovery tool is to secure the supplier to a general contractor, subcontractor or worker’s right to payments for materials supplied or services rendered to a construction property project, even if you do not have a contract directly with the property owner.

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FDCPA Defense

APRIL 17, 2019

Instead, you will come across section 1692e(3) of the FDCPA, which contains a simple rule: a debt collector may not make a “false representation or implication that any individual is an attorney or that any communication is from an attorney.” Jackson , 988 F.2d 2d 1314 (2d Cir. Clomon , 988 F.2d 2d at 1316-17. Similarly, in Avila v.

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Collection Industry News

JULY 22, 2020

From the onset of COVID-19, debt collectors swiftly worked to assist the millions of Americans experiencing financial hardships caused by the pandemic through voluntary forbearance of collection activity and adjustments in response to changes in applicable law and regulations, and creditor customer requirements.

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Troutman Sanders

JANUARY 20, 2022

On January 13, the CFPB released a bulletin, reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. For more information, click here. For more information, click here. To view the bill, click here.

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True Accord

MARCH 26, 2025

This FCC interpretation is different from the CFPBs approach in Regulation F, which prevents debt collectors from contacting a consumer in a channel after the consumer opts out of communications in that channel. Under Regulation F, if a consumer opts-out from texts it does not require opting the consumer out of calls to that number.

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Burt and Associates

OCTOBER 31, 2024

Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. Rental Debt 1.2.1 Introduction and Spotlight on Medical and Rental Debt 1.1

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Collection Industry News

JANUARY 17, 2025

In another effort to combat these practices, the CFPB encourages Congress to repeal a provision of the FDCPA that allows debt collectors to contact third parties to obtain place of employment and other location information a provision that some courts have interpreted to mean that debt collectors can contact a borrowers employer.

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