Account Recovery

FEBRUARY 24, 2022

… The post Banking Groups File Brief in Appeals Court Case over FDCPA Convenience Fees appeared first on AccountsRecovery.net.

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Account Recovery

NOVEMBER 16, 2021

A plaintiff has lost his battle to keep his lawsuit against a debt collector in state court, ruling that the plaintiff’s “explicit” allegations of violations of both the Fair Debt Collection Practices Act and the Federal Trade Commission Act, as well as his demand for damages under both of those statutes require that the case … (..)

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Account Recovery

NOVEMBER 16, 2021

Judge Denies Plaintiff’s Motion to Remand FDCPA Case; Bank Settles Collection Call Lawsuit For $3.5M appeared first on AccountsRecovery.net.

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Account Recovery

MARCH 4, 2025

Don’t look now, but there was an enforcement action involving a debt collection company announced by a federal regulator. First, they allegedly misrepresented themselves as attorneys or members of a law firm.

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Account Recovery

JANUARY 8, 2025

The case, filed in the Eastern District of California, centers on allegations that the credit reporting agencies conspired to restrain trade in violation of federal and state antitrust laws. Instead, their injuries were found to be speculative and influenced by independent third-party decisions, such as those of patients and debt collectors.

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Account Recovery

APRIL 22, 2021

The Federal Trade Commission yesterday announced it is returning more than $4 million to 10,000 individuals who were scammed by a debt collector more than five years ago.

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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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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.

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Sawin & Shea

JUNE 9, 2021

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws.

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American Profit Recovery

MARCH 4, 2022

This is a program established by the Federal Trade Commission and one that we fully embrace. There’s a reason why consumers compliment our debt collectors after a telephone conversation. Many of us have gone through tough times and our professional debt collectors understand this.

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Account Recovery

OCTOBER 1, 2020

On Monday September 29, 2020, the Federal Trade Commission (FTC) along with State and Federal Law Enforcement Partners announced, Operation Corrupt Collector, a nationwide law enforcement and outreach initiative to protect consumers from phantom debt collection and abusive and threatening debt collection practices.

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Public Citizen

DECEMBER 16, 2021

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission.

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Account Recovery

SEPTEMBER 10, 2024

Why it matters: As the student loan repayment landscape evolves, debt collectors and financial institutions need to understand borrower challenges to develop effective collection strategies and support financial wellness initiatives. Learn more.

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Account Recovery

APRIL 4, 2024

A bill has been introduced in the Colorado legislature that would make it an unfair or deceptive trade practice for a debt collector or collection agency to take any legal action on a debt unless it has purchased complete ownership or the debt.

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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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Nexa Collect

JUNE 19, 2020

Collection Calls made by a Professional Debt Collector. A debt collector calls debtor many times. A trade receivable or an AR invoice is typically considered to be past due if any portion of the receivable balance is outstanding for more than 30 days. Contingency fee only. No upfront or other fees.

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Collection Industry News

JULY 21, 2024

One of Australia’s largest debt collectors will be taken to court after allegedly operating in Victoria despite being banned for previous illegal conduct. The post Debt Collector Taken To Court After Flouting Trade Ban appeared first on Collection Industry News. Panthera has been approached for comment.

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Taurus Collect

DECEMBER 20, 2021

Many businesses are turning to trusted debt collectors to take on some of the administrative load of chasing up overdue finances to protect their cash flow. Use these tips to take the stress out of searching for names for debt collectors who can deliver results like fewer outstanding invoices and more cash in the bank.

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Credit Corp

OCTOBER 16, 2023

Debt collectors send debt validation letters show what debts you owe, the amount, and to whome you owe it to. While a debt collector contacting you can be stressful, it’s important to pause and remember your rights as a debtor. Before paying the debt collector, verify that the debt is actually yours.

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Debt Collection Answers

AUGUST 27, 2023

As you hesitantly answer, a stern voice claims to be a debt collector, demanding immediate payment for a debt you’ve never heard of. Whether you’ve faced such calls or want to be prepared, read on to discover how to recognize and deal with suspicious debt collector calls with confidence.

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Nexa Collect

JUNE 21, 2023

Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information. Remember that there might be additional state or local regulations, and laws can change over time.

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American Profit Recovery

SEPTEMBER 27, 2020

When we speak with professionals whether in person, by the phone or even at trade shows, we are always asked about some of the tactics they should employ to get their customers to pay on time. Especially if you are running a trade business. Angry customers do NOT say these types of things to debt collectors.

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PDC Flow

FEBRUARY 27, 2025

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.

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Troutman Sanders

NOVEMBER 11, 2020

Recently, the Consumer Financial Protection Bureau filed an Amicus Curiae brief in the United States Court of Appeals for the Third Circuit addressing whether a debt collector violates the Fair Debt Collection Practices Act by accurately stating that it is seeking to collect $0.00 Id at 23341.

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National Service Bureau

DECEMBER 9, 2015

John Rossman and Mike Poncin of Moss and Barnett have a Debt Collection Drill podcast, and a recent episode was particularly relevant to our audience. Here, we share three mistakes gleaned from a study of Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) enforcement actions.

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Credit Corp

JUNE 1, 2023

When you default on a payment, the company you owe may sell your debt to a third-party collection agency. When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. How Long Will Collections Debt Stay on My Credit Report?

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Collections Debt collector Collection Agencies Collections Agency 126

Credit Corp

AUGUST 8, 2024

Debt collectors can feel relentless. ” The answer is yes—debt collectors can sue you to recover the debts that you owe. There’s no single answer to how soon a debt collector can sue—it can be between weeks or months, but they’ll usually take steps before it gets to that point.

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Debt Recoveries

JUNE 11, 2023

To guarantee that everyone is on the same page with regard to payment expectations, clearly explain these terms to your consumers through written agreements or terms of trade documentation. This entails carrying out rigors credit checks, which may entail examining bank statements, trade references, and credit reports. or 1300 799 511.

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National Service Bureau

SEPTEMBER 9, 2015

In any case, the huge amount of student debt is important information for consumers, debt collectors, and even the Consumer Financial Protection Bureau (CFPB) to know. If you’re one of the many trying to pay off student debt, it explains options like forbearance, consolidation, delinquency, and deferment.

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Credit Corp

NOVEMBER 9, 2020

It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts. In 2019, the FTC received 75,200 complaints about debt collectors —down from 84,500 in 2018. A statement describing your right to dispute the debt.

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Jimerson Firm

DECEMBER 14, 2021

To better understand the Fair Debt Collection Practices Act, I’ve broken it down into three discernable parts: 1) Elements of a cause of action under the FDCPA. The FDCPA prohibits debt collectors from making false or misleading representations and from engaging in various abusive and unfair practices. 3d 1175, 1205 (M.D.

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Collection Industry News

APRIL 18, 2022

Annual report reveals scope of abuse in debt collection industry. The Federal Trade Commission (FTC) issued its annual report on enforcement of the Fair Debt Collections Practices Act (FDCPA) today and revealed that its enforcement actions resulted in millions of dollars of refunds to consumers who were victims of abusive debt collectors.

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Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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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

MARCH 19, 2025

At the federal level, there are laws such as the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA), and agencies like the Consumer Financial Protection Bureau (CFPB) and the Federal Communications Commission (FCC) issue important rules and guidelines that debt collectors must follow.

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Collection Industry News

JUNE 14, 2021

In 2018, Homeland Security Investigations agents got a search warrant and seized $242,088 from Nocera’s business and personal bank accounts, after convincing a judge there was probable cause to believe the funds were derived from unlawful debt collecting and wire fraud. Nocera is fighting in court to get his money returned, Greenman said.

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UK debt collections

JUNE 8, 2021

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with no intention of collecting what they were owed. He was originally charged with fraudulent trading and perverting the course of justice in 2018.

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